NOT LISTED FOR SALE

500 Olive St Murray, KY 42071

Estimated Value: $141,177 - $239,000

-- Bed
-- Bath
1,862 Sq Ft
$101/Sq Ft Est. Value

Last Sold December 03, 2021

Last sale price $88,250 $47 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $1,023/month

72 Days on Market

About This Home

As of December 2021

Check out this affordable rental opportunity in downtown Murray! Located minutes from Murray State, this duplex has the charm you're looking for with tall ceilings, hardwood floors and so much more. Unit 1 (East) has replacement windows, is freshly painted and new carpet upstairs. Unit 1 offers two bedrooms and one full bath. Unit 2 (West) is currently rented with a transferable lease option for instant income. Unit 2 has all kitchen appliance, and one bedroom and one bathroom all on the main level. Washer and dryer are located in the basement and shared.

Last Agent to Sell the Property

Brittany Marchetti

Kopperud Realty License #217609 Listed on: 08/05/2021

Last Buyer's Agent

Stephanie Sullivan

Keller Williams Experience Realty Paducah Branch License #269947

Keller Williams Experience Realty Paducah Branch

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $365

Lot Details

  • 3,920 Sq Ft Lot
  • Lot Dimensions are 50x80

Home Design

  • Duplex
  • Frame Construction
  • Composition Shingle Roof

Interior Spaces

  • 2-Story Property
  • Sheet Rock Walls or Ceilings
  • Ceiling Fan
  • Stove
  • Washer and Dryer Hookup

Basement

  • Interior Basement Entry
  • Laundry in Basement

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for utilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$365

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Access: Gravel
  • Deed Book Page: 1212/689
  • Laundry Location: Basement, Common Area
  • Style: 1.5 Story
  • Estimated Age: 30+
  • Restriction: Y
  • Stories: Two
  • Annual Occupancy Percent: 100
  • Estimated Lot Dimensions: 50x80
  • Bedrooms Per Unit: Varies by Unit
  • Full Bathrooms Per Unit: One
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Ceiling Fan(s), Washer/Dryer Hookup
  • Basement: Interior Entrance
  • Walls: Dry Wall

Exterior Features

  • Construction: Frame
  • Roof: Composition Shingle

Utilities

  • Electric Company: Murray Electric
  • Gas Company: Murray Natl Gas
  • Sewer: Public/Municipality
  • Utilities Available: Garbage - Public
  • Water Company: Murray Municipal
  • Water: Public/Municipality

Schools

  • Elementary School: Calloway/Murray-VERIFY
  • Middle School: Calloway/Murray-VERIFY
  • High School: Calloway/Murray-VERIFY

Lot Info

  • Estimated Number of Acres: 0.09
  • Location: In City Limits

Rental Info

  • Tenant Pays: Utilities

Tax Info

  • Tax District: 01- City of Murray

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2021
Closed on
Dec 3, 2021
Sold by
Faulkner Dustin Mark and Faulkner Stacey
Bought by
Sulcer Jonathon Alexander
Seller's Agent
Brittany Marchetti
Kopperud Realty
Buyer's Agent
Stephanie Sullivan
Keller Williams Experience Realty Paducah Branch
List Price
$103,000
Sold Price
$88,250
Premium/Discount to List
-$14,750
-14.32%
Current Estimated Value
$187,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,044
Avg. Annual Appreciation
21.46%
Original Mortgage
$70,600
Outstanding Balance
$64,960
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$122,334

Purchase Details

Listed on
May 17, 2019
Closed on
May 17, 2019
Sold by
Ryan Mitchell Troy and Ryan Mitchell T
Bought by
Faulkner Dustin Mark and Faulker Kyle Farrell
Seller's Agent
John Kopperud
Kopperud Realty
Buyer's Agent
Brittany Marchetti
Kopperud Realty
List Price
$77,000
Sold Price
$76,000
Premium/Discount to List
-$1,000
-1.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.04%
Original Mortgage
$60,800
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Sulcer Jonathon Alexander $88,250 None Available
Faulkner Dustin Mark $76,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sulcer Jonathon Alexander $70,600
Previous Owner Faulkner Dustin Mark $60,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/03/2021 12/03/21 Sold $88,250 -14.3% $47 / Sq Ft
08/05/2021 08/05/21 For Sale $103,000 +35.5% $55 / Sq Ft
05/17/2019 05/17/19 Sold $76,000 -1.3% $41 / Sq Ft View Prior Sale
05/17/2019 05/17/19 For Sale $77,000 +18.5% $41 / Sq Ft
03/26/2019 03/26/19 Pending -- -- --
05/15/2015 05/15/15 Sold $65,000 -30.1% $35 / Sq Ft View Prior Sale
04/16/2015 04/16/15 Pending -- -- --
04/13/2014 04/13/14 For Sale $93,000 -- $50 / Sq Ft
Source: Western Kentucky Regional MLS

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 $365 $88,250 $0 $0
2023 $373 $88,250 $0 $0
2022 $378 $88,250 $0 $0
2021 $340 $76,000 $0 $0
2020 $338 $76,000 $0 $0
2019 $237 $65,000 $0 $0
2018 $636 $65,000 $0 $0
2017 $235 $65,000 $0 $0
2016 $235 $65,000 $0 $0
2015 $135 $40,000 $0 $0
2011 $135 $40,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Western Kentucky Regional MLS

MLS Number: 113633

Western Kentucky Regional MLS

APN: 009-0-0006-00015