NOT LISTED FOR SALE

201 Danville St Lancaster, KY 40444

Estimated Value: $311,189 - $570,000

8 Beds
4 Baths
3,400 Sq Ft
$115/Sq Ft Est. Value

Last Sold September 05, 2024

Last sale price $429,000 $126 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $2,448/month

About This Home

As of September 2024

Completely Renovated Quadraplex located in Downtown Lancaster, Kentucky! The owner has remodeled all four units, making this property a must-see to appreciate the top-level maintenance. Currently, two units are available for viewing, with the other two accessible during the inspection phase of a contract in place.

Another large bonus is the new paved parking lot, so everyone has a place to park!

The property features a new roof and sheathing, new Rheem heat pump systems, a new back deck, and a remodeled foyer. Each unit includes clean, working kitchen appliances, new carpets, fresh paint, and much more! This is a no-brainer investment with rising rents and future holding potential.

Located within walking distance to all the shops and food in downtown, finding tenants for this property should be a breeze. Don't miss out on this exceptional opportunity!

Last Agent to Sell the Property

Tanner Good

Lifstyl Real Estate License #246374 Listed on: 06/26/2024

Last Buyer's Agent

Bobby Perkins

Charles Collins Real Estate License #186784

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,785

Lot Details

  • 0.34 Acre Lot

Parking

  • 10 Parking Spaces

Home Design

  • Quadruplex
  • Shingle Roof

Interior Spaces

  • 3,400 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Schools

  • Lancaster Elementary And Middle School
  • Garrard Co High School

Utilities

  • Cooling Available
  • Air Source Heat Pump

Community Details

Overview

  • 4 Units
  • Downtown Subdivision

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,785

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Quadruplex
  • Structure Type: Quadruplex
  • Year Built: 9999
  • New Construction: No
  • Roof:Shingle: Yes
  • Structure Type:Quadruplex: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Total Bedrooms: 8
  • LivingArea: 3400.0
  • Lot Size Area: 0.34
  • Total Stories: 2

Exterior Features

  • Roof: Shingle
  • List Price: 429900.0

Garage/Parking

  • Total Parking Spaces: 10.0

Utilities

  • Heating: Heat Pump
  • Cooling: Heat Pump
  • Cooling: Yes
  • Heating: Yes
  • Heating:Heat Pump2: Yes

Schools

  • Elementary School: Lancaster
  • High School: Garrard Co
  • Middle or Junior School: Lancaster

Lot Info

  • Lot Size Acres: 0.34
  • Lot Size Sq Ft: 14810.0
  • Zoning Description: R2

Multi Family

  • Number of Units Total: 4
  • Number of Units Vacant: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2024
Closed on
Sep 5, 2024
Sold by
Ahs Properties Llc
Bought by
Doug Blair Properties Llc
Seller's Agent
Tanner Good
Lifstyl Real Estate
Buyer's Agent
Bobby Perkins
Charles Collins Real Estate
List Price
$429,900
Sold Price
$429,000
Premium/Discount to List
-$900
-0.21%
Views
1
Current Estimated Value
$389,547

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$39,453
Avg. Annual Appreciation
-8.05%
Original Mortgage
$300,300
Outstanding Balance
$297,118
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$92,429

Purchase Details

Closed on
Jan 29, 2008
Sold by
Seagraves Evan and Seagraves Jennifer
Bought by
Condon Michael and Condon Koletta
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Doug Blair Properties Llc $429,000 None Listed On Document
Condon Michael $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Doug Blair Properties Llc $300,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/05/2024 09/05/24 Sold $429,000 -0.2% $126 / Sq Ft
06/27/2024 06/27/24 Pending -- -- --
06/26/2024 06/26/24 For Sale $429,900 -- $126 / Sq Ft
Source: ImagineMLS (Bluegrass 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 $4,785 $165,000 $25,000 $140,000
2023 $1,849 $156,000 $25,000 $131,000
2022 $1,810 $156,000 $25,000 $131,000
2021 $1,846 $156,000 $25,000 $131,000
2020 $1,847 $156,000 $25,000 $131,000
2019 $1,559 $131,000 $20,000 $111,000
2018 $1,558 $131,000 $20,000 $111,000
2017 $1,516 $127,500 $20,000 $107,500
2016 $1,490 $127,500 $20,000 $107,500
2012 $1,898 $165,000 $20,000 $145,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 24013137

ImagineMLS (Bluegrass REALTORS®)

APN: L2-07-002