NOT LISTED FOR SALE

229 Norway St Lexington, KY 40503

Picadome Neighborhood

Estimated Value: $296,000 - $372,000

4 Beds
2 Baths
1,602 Sq Ft
$207/Sq Ft Est. Value

Last Sold June 07, 2023

Last sale price $279,000 $174 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,036/month

1 Day on Market

Highlights

  • Cooling Available
  • Forced Air Heating System
  • 1-Story Property
  • Morton Middle School Rated A

About This Home

As of June 2023

****Offer deadline is at NOON Sunday*****

Great investment property! Home is currently occupied by tenants in both units renting month to month.
Quick walk to Lafayette High School.

Last Agent to Sell the Property

Melissa Moody

United Real Estate Bluegrass License #219289 Listed on: 05/27/2023

United Real Estate Bluegrass

Last Buyer's Agent

Melissa Moody

United Real Estate Bluegrass License #219289 Listed on: 05/27/2023

United Real Estate Bluegrass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,425

Year Built

  • Built in 1952

Lot Details

  • 8,820 Sq Ft Lot

Parking

  • 5 Parking Spaces

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,602 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Picadome Elementary School
  • Morton Middle School
  • Lafayette High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Lafayette Subdivision

Listing and Financial Details

  • Assessor Parcel Number 20187500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,425

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Duplex
  • Structure Type: Duplex
  • Year Built: 1952
  • New Construction: No
  • Roof:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • LivingArea: 1602.0
  • Lot Size Area: 0.2
  • Total Stories: 1

Exterior Features

  • Roof: Composition
  • List Price: 247500.0

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Electric
  • Cooling: Yes
  • Heating: Yes
  • Heating:Forced Air: Yes

Schools

  • Elementary School: Picadome
  • High School: Lafayette
  • Middle or Junior School: Morton

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8820.0
  • Parcel Number: 20187500
  • Zoning Description: residential

Multi Family

  • Number of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2023
Closed on
Jun 7, 2023
Sold by
Moody Lucien and Moody Melissa
Bought by
Milam Homes Llc
Seller's Agent
Melissa Moody
United Real Estate Bluegrass
Buyer's Agent
Melissa Moody
United Real Estate Bluegrass
List Price
$247,500
Sold Price
$279,000
Premium/Discount to List
$31,500
12.73%
Views
39
Current Estimated Value
$332,232

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,232
Avg. Annual Appreciation
7.58%
Original Mortgage
$300,000
Interest Rate
6.43%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Milam Homes Llc $279,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Milam Homes Llc $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/07/2023 06/07/23 Sold $279,000 +12.7% $174 / Sq Ft
05/28/2023 05/28/23 Pending -- -- --
05/26/2023 05/26/23 For Sale $247,500 -- $154 / 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
2025 $3,425 $279,000 $0 $0
2024 $3,425 $279,000 $0 $0
2023 $1,862 $151,700 $0 $0
2022 $1,923 $151,700 $0 $0
2021 $1,923 $151,700 $0 $0
2020 $1,648 $130,000 $0 $0
2019 $1,648 $130,000 $0 $0
2018 $1,648 $130,000 $0 $0
2017 $1,570 $130,000 $0 $0
2015 $1,443 $130,000 $0 $0
2014 $1,443 $130,000 $0 $0
2012 $1,443 $130,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Melissa Moody

    Seller's Agent in 2023

    Melissa Moody

    United Real Estate Bluegrass

    (859) 227-8799

    1 in this area

    24 Total Sales

    Melissa Moody
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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 23009624

ImagineMLS (Bluegrass REALTORS®)

APN: 20187500

Kentucky Fayette County Lexington 40503 Picadome

229 Norway St, Lexington, KY

Not Listed for Sale

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