NOT LISTED FOR SALE

707 Old Shakertown Rd Danville, KY 40422

Danville Area

Estimated Value: $350,212

4 Beds
2 Baths
2,838 Sq Ft
$123/Sq Ft Est. Value

Sale Details

Date Sold: October 4, 2024

Last sale price $285,000 $100 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,042 / mo

133 Days on Market

Highlights

  • 4.31 Acre Lot
  • Window Unit Cooling System
  • Heating System Uses Natural Gas

About This Home

As of October 2024

Current owners got zoning changed to RM-3 which makes this an ideal (and rare) multi-family housing property. RM-3 allows up to 8 units per building (which would mean 62 units plus the home in place). This property is one of the only properties with this zoning, which makes it the ideal property for investors and builders looking to expand the housing options in Danville. At this price point, land cost per unit is under $5300 at 62 units.

Last Agent to Sell the Property

Amanda Morris

Rector Hayden Realtors License #221738 Listed on: 07/01/2024

Rector Hayden Realtors

Last Buyer's Agent

Sondra Browning

CENTURY 21 Advantage Realty License #221410

CENTURY 21 Advantage Realty
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1922

Lot Details

  • 4.31 Acre Lot

Home Design

  • 2,838 Sq Ft Home

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Hogsett/Jennie Rogers Elementary School
  • Bate Middle School
  • Danville High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas

Community Details

  • 62 Units
  • Rural Subdivision

Listing and Financial Details

  • Assessor Parcel Number 045-000-001

Property Details

Home Type

Multi-Family

Year Built

Built in 1922

Lot Details

4.31 Acres

Listing Details

  • Property Type: Residential Income
  • Structure Type: Other
  • Year Built: 1922
  • New Construction: No
  • Cooling:Window Unit(s): Yes
  • Lot: Lot Size Acres: 4.31
  • Lot: Lot Size Square Feet: 187744.0
  • Tax Legal: Elementary School: Hogsett/Jennie Rogers(Legacy)
  • Tax Legal: Middle Or Junior School: Bate
  • Tax Legal: High School: Danville
  • Other Sold Info: New Construction YN: No
  • AssociationCommunity: Number Of Units Total: 62.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bedrooms: 4
  • LivingArea: 2838.0
  • Lot Size Area: 4.31

Exterior Features

  • List Price: 315000.0

Utilities

  • Heating: Natural Gas
  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Yes
  • Utilities: Cooling YN: Yes
  • Utilities: Heating YN: Yes
  • Heating: Natural Gas: Yes

Schools

  • Elementary School: Hogsett/Jennie Rogers(Legacy)
  • High School: Danville
  • Middle or Junior School: Bate

Lot Info

  • Lot Size Acres: 4.31
  • Lot Size Sq Ft: 187744.0
  • Parcel Number: 045-000-001
  • Zoning Description: RM-3

Multi Family

  • Number of Units Total: 62

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/04/2024 10/04/24 Sold $285,000 -9.5% $100 / Sq Ft
09/05/2024 09/05/24 Pending -- -- --
08/05/2024 08/05/24 Price Changed $315,000 -3.1% $111 / Sq Ft
07/01/2024 07/01/24 For Sale $325,000 0.0% $115 / Sq Ft
06/25/2024 06/25/24 Pending -- -- --
04/24/2024 04/24/24 For Sale $325,000 -- $115 / Sq Ft
Source: ImagineMLS (Bluegrass REALTORS®)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,357 $285,000 $0 $0
2024 $740 $150,000 $0 $0
2023 $8 $150,000 $0 $0
2022 $441 $85,000 $0 $0
2021 $445 $85,000 $0 $0
2020 $442 $85,000 $0 $0
2019 $440 $85,000 $0 $0
2015 $275 $95,000 $95,000 $0
2012 $275 $95,000 $95,000 $0
Source: Public Records

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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 24007923

ImagineMLS (Bluegrass REALTORS®)

APN: 045-000-001

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