NOT LISTED FOR SALE

1516 Bailey Ave Shelbyville, KY 40065

Estimated Value: $280,000 - $519,000

3 Beds
1 Bath
2,800 Sq Ft
$143/Sq Ft Est. Value

Last Sold March 17, 2023

Last sale price $400,000 $143 Per Sq Ft

Current estimated payment $2,616/month

19 Days on Market

Highlights

  • Deck
  • Central Air
  • Heating System Uses Natural Gas
  • No HOA

About This Home

As of March 2023

This is 1516 AND 1518 Bailey ave. Perfect Air BnB or long term rental available. Both sides have been completely renovated. Crawl spaces spray foamed all the way to attic having blown in insulation, all done by Energy Savers insulation company. Both units have brand new furnaces, new A/C's, new water heaters, new lighting, complete new kitchens including brand new cabinets, quartz countertops, all appliances, LVP on first floor. Hardwood sanded on second floors. New toilets, new vanities, new showers, new sliding doors, and so much more. This is your chance to own rental property that should be maintenance free for the foreseeable future. Another option is to buy it, live in one and side and rent out the other. So many possibilities on this one.SELLER IS A LICENSED REALTOR IN KY.

Last Agent to Sell the Property

Jacob Gurney

Parkside Realty License #217672 Listed on: 02/03/2023

Last Buyer's Agent

Haleigh Booth

EXP Realty LLC License #241670

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,254

Year Built

  • Built in 1972

Lot Details

  • 0.4

Home Design

  • 2,800 Sq Ft Home
  • Duplex
  • Brick Exterior Construction
  • Shingle Roof
  • Aluminum Siding

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • Bayne Acres Subdivision

Listing and Financial Details

  • Tenant pays for water, gas, electric
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,254

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cooling System: Central Air
  • Lot Dimensions: 0
  • Property Sub Type: Duplex
  • Property Type: MultiFamily
  • Garage Yn: No
  • Subdivision Name: BAYNE ACRES
  • Above Grade Finished Sq Ft: 2800.0
  • Architectural Style: Select One
  • ResoBuildingAreaSource: Appraiser
  • Utilities Electricity Connected: Yes
  • Roof:Shingle: Yes
  • Cooling Central Air: Yes
  • ExteriorDeck: Yes
  • Utilities City Sewer: Yes
  • Special Features: None

Interior Features

  • Basement YN: No

Exterior Features

  • Roof: Shingle
  • Construction Type: Aluminum Siding, Brick
  • Exterior Features: Deck
  • Construction:Brick3: Yes
  • Construction:Aluminum: Yes

Garage/Parking

  • General Property Description:_pound_ Parking Spaces: 6.0

Utilities

  • Utilities: City Sewer, City Water, Electricity Connected, Fuel:Natural
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • HeatingYN: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 0

Rental Info

  • Tenant Pays: Water, Gas, Electric

Building Info

  • Year Built: 1972

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Block: 0
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2023
Closed on
Mar 17, 2023
Sold by
Gurney Jacob and Gurney Beth
Bought by
Cantu Gerardo and Cantu Kimberly
Seller's Agent
Jacob Gurney
Parkside Realty
Buyer's Agent
Haleigh Booth
EXP Realty LLC
List Price
$425,000
Sold Price
$400,000
Premium/Discount to List
-$25,000
-5.88%
Views
188
Current Estimated Value
$400,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$484
Avg. Annual Appreciation
-3.04%
Original Mortgage
$300,000
Outstanding Balance
$291,192
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$79,402

Purchase Details

Closed on
Jul 8, 2022
Sold by
Blair Lawrence D and Blair Shirley J
Bought by
Gurney Jacob

Purchase Details

Closed on
Sep 15, 2010
Sold by
Blair Lawrence D and Blair Shirley J
Bought by
Blair Kenneth L and Blair Lawrence D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,090
Interest Rate
4.52%
Mortgage Type
VA

Purchase Details

Closed on
Sep 8, 2010
Sold by
Blair Kenneth L
Bought by
Blair Lawrence D and Blair Shirley J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,090
Interest Rate
4.52%
Mortgage Type
VA

Purchase Details

Closed on
Apr 17, 2007
Sold by
Smith Connie R
Bought by
Blair Lawrence D and Blair Shirley J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$113,600
Interest Rate
6.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cantu Gerardo $400,000 Bluegrass Land Title
Gurney Jacob $210,000 Mitchell Jeremy D
Blair Kenneth L -- --
Blair Lawrence D -- --
Blair Lawrence D $142,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cantu Gerardo $300,000
Previous Owner Gurney Jacob $164,500
Previous Owner Blair Lawrence D $153,090
Previous Owner Blair Lawrence D $113,600
Previous Owner Blair Lawrence D $28,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2023 03/17/23 Sold $400,000 -5.9% $143 / Sq Ft
02/22/2023 02/22/23 Pending -- -- --
02/03/2023 02/03/23 For Sale $425,000 -- $152 / Sq Ft
Source: Metro Search (Greater Louisville Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $5,254 $400,000 $0 $0
2023 $2,302 $210,000 $0 $0
2022 $1,119 $142,000 $0 $0
2021 $1,150 $142,000 $0 $0
2020 $1,166 $142,000 $0 $0
2019 $1,166 $142,000 $20,000 $122,000
2018 $1,139 $142,000 $20,000 $122,000
2017 $1,141 $104,400 $0 $0
2016 $1,138 $142,000 $0 $0
2015 $1,514 $142,000 $20,000 $122,000
2014 $1,514 $142,000 $20,000 $122,000
2013 $1,514 $142,000 $20,000 $122,000
Source: Public Records

Agents Affiliated with this Home

  • Jacob Gurney

    Seller's Agent in 2023

    Jacob Gurney

    Parkside Realty

    (502) 548-5028

    44 in this area

    215 Total Sales

    Jacob Gurney
    Section Image
  • Haleigh Booth

    Buyer's Agent in 2023

    Haleigh Booth

    EXP Realty LLC

    (502) 608-1406

    4 in this area

    133 Total Sales

    Haleigh Booth
    Section Image
See All Agents

Map

Source: Metro Search (Greater Louisville Association of REALTORS®)

MLS Number: 1630090

Metro Search (Greater Louisville Association of REALTORS®)

APN: S6-04-003

Kentucky Shelby County Shelbyville 40065

1516 Bailey Ave, Shelbyville, KY

This home is located at 1516 Bailey Ave, Shelbyville, KY 40065 since 03 February 2023 and is currently estimated at $400,484, approximately $143 per square foot. This property was built in 1972. 1516 Bailey Ave is a home located in Shelby County with nearby schools including Southside Elementary School, Shelby County West Middle School, and Martha Layne Collins High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Metro Search (Greater Louisville Association of REALTORS®) The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. Copyright 2025 Metro Search, Inc.

Nearby Homes