NOT LISTED FOR SALE

509 Colby Rd Winchester, KY 40391

Estimated Value: $442,052 - $503,000

4 Beds
3 Baths
3,604 Sq Ft
$128/Sq Ft Est. Value

Last Sold March 10, 2022

Last sale price $325,000 $90 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,786/month

105 Days on Market

Highlights

  • 0.79 Acre Lot
  • Cooling Available
  • Forced Air Heating System

About This Home

As of March 2022

This well maintained brick ranch duplex that backs to Colby Hills is in absolutely mint condition! (Check out the pictures!) This is an investor's dream with one side having a long term tenant that would like to stay. Both sides have 2 large bedrooms, very spacious family rooms and living areas and each has a very nicely appointed kitchen. The larger unit (over 2,000 sq. ft.) has 2 functioning and active wood burning fire places, and a private deck out back and covered carport. The other unit (1,572 sq. ft.) has one fireplace and a large private patio out back. There's a ton of storage with the shared attic access stairway and over 900 sq. ft. in the tall crawl space!! Lots of parking out back and a circular driveway in the front! The roof is only 2 years old and the heat pump on the right side was replaced 2 years ago. Excellent location between the Winchester Bypass and historic downtown Winchester and convenient to schools, shopping, restaurants and I-64 access. Only 6/10th of a mile from the Bypass (Walmart, Kroger's, Lowe's, Walgreens, etc.) and approximately 20-25 minutes to Hamburg/Lexington! Call today to see this charming multi-housing unit.

Last Agent to Sell the Property

Jim Woodrum

RE/MAX Creative, Winchester License #210324 Listed on: 01/19/2022

RE/MAX Creative, Winchester

Co-Listed By

Sherry Woodrum

RE/MAX Creative, Winchester License #216529

Last Buyer's Agent

Tonya Skeens

RE/MAX Elite Lexington License #203015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,250

Year Built

  • Built in 1980

Lot Details

  • 0.79 Acre Lot

Home Design

  • 3,604 Sq Ft Home
  • Duplex
  • Shingle Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Schools

  • Justice Elementary School
  • Robert Campbell Middle School
  • Grc High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heat Pump System

Community Details

  • 2 Units
  • Colby Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 043-5033-003-00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,250

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub-Type: Duplex
  • Structure Type: Duplex
  • Year Built: 1980
  • New Construction: No
  • Roof:Shingle: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • LivingArea: 3604.0
  • Lot Size Area: 0.79
  • Total Stories: 1

Exterior Features

  • Roof: Shingle
  • List Price: 325000.0

Garage/Parking

  • Total Parking Spaces: 5.0

Utilities

  • Heating: Forced Air, Heat Pump
  • Cooling: Electric, Heat Pump
  • Cooling: Yes
  • Heating: Yes
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating:Forced Air: Yes
  • Heating:Heat Pump2: Yes

Schools

  • Elementary School: Justice
  • High School: GRC
  • Middle or Junior School: Robert Campbell

Lot Info

  • Lot Dimensions: 114' x 171' x 135' x 227'
  • Lot Size Acres: 0.79
  • Lot Size Sq Ft: 34412.0
  • Parcel Number: 043-5033-003-00
  • Zoning Description: R-2

Multi Family

  • Number of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2022
Closed on
Mar 10, 2022
Sold by
Kindred Michael L and Kindred Deanna W
Bought by
Huffman Kristopher and Huffman Angela
Seller's Agent
Jim Woodrum
RE/MAX Creative, Winchester
Buyer's Agent
Tonya Skeens
RE/MAX Elite Lexington
Sold Price
$325,000
Current Estimated Value
$462,513

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,513
Avg. Annual Appreciation
10.67%
Original Mortgage
$276,250
Outstanding Balance
$259,712
Interest Rate
4.17%
Mortgage Type
Construction
Estimated Equity
$202,801

Purchase Details

Closed on
Aug 1, 2017
Sold by
Gracie Walters
Bought by
Kindred Michael L and Kindred Deanna W

Purchase Details

Closed on
Mar 1, 1990
Bought by
Walters Andy and Walters Gracie
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
Huffman Kristopher $325,000 Bluegrass Land Title
Kindred Michael L $225,000 --
Walters Andy $142,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huffman Kristopher $276,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2022 03/10/22 Sold $325,000 0.0% $90 / Sq Ft
01/20/2022 01/20/22 Pending -- -- --
01/19/2022 01/19/22 For Sale -- -- --
12/14/2021 12/14/21 Pending -- -- --
10/06/2021 10/06/21 For Sale $325,000 -- $90 / 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 $3,250 $325,000 $60,000 $265,000
2023 $3,182 $325,000 $0 $0
2022 $2,955 $300,000 $0 $0
2021 $2,210 $225,000 $0 $0
2020 $2,214 $225,000 $0 $0
2019 $2,226 $225,000 $0 $0
2018 $2,199 $225,000 $0 $0
2017 $2,002 $204,000 $0 $0
2016 $1,960 $204,000 $0 $0
2015 $1,960 $204,000 $0 $0
2013 $1,869 $204,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 20121690

ImagineMLS (Bluegrass REALTORS®)

APN: 043-3033-00300