NOT LISTED FOR SALE

501 Olive St Murray, KY 42071

Estimated Value: $203,000 - $277,000

Studio
-- Bath
1,638 Sq Ft
$142/Sq Ft Est. Value

Last Sold June 10, 2022

Last sale price $160,000 $98 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $1,264/month

21 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Eat-In Kitchen
  • Murray Elementary School Rated A
  • Detached Garage
  • Landscaped with Trees

About This Home

As of June 2022

Are you looking for an investment opportunity on one of the most desirable streets in Murray, or maybe it is time to downsize, and the opportunity to have some extra income appeals to you? Welcome to 501 Olive street! This updated duplex includes all-new plumbing, new electrical, new heating, air, added support, and new flooring in bathrooms and kitchens. In addition, it features the original hardwood floors, tall ceilings, chandeliers, clawfoot tub, and plenty of natural light coming in through the oversized windows. Property is being sold As-Is; however, inspections are welcome. DO NOT ENTER FENCED IN AREA WITH DOGS. Storage Shed does not Convey.

Last Agent to Sell the Property

Lacee Loomis

SBG Real Property Professionals License #265798 Listed on: 03/31/2022

Last Buyer's Agent

Earleene Woods

Keller Williams Experience Realty License #186583

Keller Williams Experience Realty

Property Details

Home Type

  • Multi-Family

Lot Details

  • 8,712 Sq Ft Lot
  • Fenced Yard
  • Level Lot
  • Landscaped with Trees

Home Design

  • Duplex
  • Frame Construction
  • Composition Shingle Roof
  • Wood Siding
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Stove
  • Dishwasher

Flooring

  • Wood
  • Laminate

Laundry

  • Laundry in Utility Room
  • Dryer
  • Washer

Parking

  • Detached Garage
  • Gravel Driveway

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Cable TV Available

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Duplex
  • Access: Blacktop
  • Deed Book Page: 1222/187
  • Fireplace Wood Stove: Fireplace, Living Room
  • Land Use Topography: Level
  • Laundry Location: Utility Room
  • Style: 1 Story
  • Tv Cable: Cable Available
  • Estimated Age: 30+
  • Stories: One
  • Bedrooms Per Unit: One
  • Full Bathrooms Per Unit: One
  • Garage Cap Per Unit: Varies by Unit
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Floor Covering: Laminate, Wood
  • Interior Amenities: Ceiling Fan(s), Circuit Breakers
  • Dining Kitchen: Eat-In Kitchen

Exterior Features

  • Construction: Concrete Block, Frame
  • Exterior Features: Fenced Yard, Gravel Drive, Sidewalks, Trees
  • Exterior Finish: Wood
  • Foundation: Crawl Space
  • Roof: Composition Shingle

Garage/Parking

  • Garage Type: Detached

Utilities

  • Electric Company: Murray Electric
  • Cooling: Central Air
  • Gas Company: Murray Natl Gas
  • Heating: Electric, Natural Gas
  • Sewer: Public/Municipality
  • Utilities Available: Garbage - Public
  • Water Company: Murray Municipal
  • Water Heater: Electric
  • Water: Public/Municipality

Lot Info

  • Estimated Number of Acres: 0.2
  • Location: In City Limits

Multi Family

  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2022
Closed on
Jun 10, 2022
Sold by
Lynn Fandrich Sharon
Bought by
Durbin Megan S and Ohnemus Brianna Jo
Seller's Agent
Lacee Loomis
SBG Real Property Professionals
Buyer's Agent
Earleene Woods
Keller Williams Experience Realty
List Price
$165,000
Sold Price
$160,000
Premium/Discount to List
-$5,000
-3.03%
Current Estimated Value
$231,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$71,866
Avg. Annual Appreciation
10.85%
Original Mortgage
$122,596
Outstanding Balance
$116,150
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$115,716

Purchase Details

Listed on
Jun 30, 2019
Closed on
Jul 30, 2019
Sold by
Crook Suzanne Pitman and Crook Steven
Bought by
Fandrich Sharon Lynn
Seller's Agent
Krista Thompson
Kopperud Realty
Buyer's Agent
Lori Sweeney
Brandon Realty, LLC
List Price
$88,000
Sold Price
$90,500
Premium/Discount to List
$2,500
2.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.13%
Original Mortgage
$76,925
Interest Rate
3.73%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 12, 2008
Sold by
Pitman W J and Pitman Martha L
Bought by
Crook Suzanne Pitman
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Durbin Megan S $160,000 Coleman Trevor H
Durbin Megan S $160,000 Coleman Trevor H
Fandrich Sharon Lynn $90,500 None Available
Crook Suzanne Pitman -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Durbin Megan S $122,596
Closed Durbin Megan S $122,596
Previous Owner Fandrich Sharon Lynn $76,925
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/10/2022 06/10/22 Sold $160,000 -3.0% $98 / Sq Ft
03/31/2022 03/31/22 For Sale $165,000 +82.3% $101 / Sq Ft
08/06/2019 08/06/19 Sold $90,500 +2.8% $55 / Sq Ft View Prior Sale
06/30/2019 06/30/19 For Sale $88,000 -- $54 / 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
2025 $624 $160,000 $0 $0
2024 $613 $160,000 $0 $0
2023 $628 $160,000 $0 $0
2022 $420 $100,000 $0 $0
2021 $428 $100,000 $0 $0
2020 $391 $90,500 $0 $0
2019 $200 $55,000 $0 $0
2018 $538 $55,000 $0 $0
2017 $199 $55,000 $0 $0
2016 $199 $55,000 $0 $0
2015 $88 $26,000 $0 $0
2011 $88 $26,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Western Kentucky Regional MLS

MLS Number: 116641

Western Kentucky Regional MLS

APN: 009-0-0007-00004