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Backup Offers

1897 Gerald Dr, Lexington, KY, 40511

$179,000

Home List Price

$2,126*

Closing Credit

4 Bedrooms
2 Full Baths
1,672 SqFt
$107/SqFt
Multi
Schools Nearby

Location

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1897 Gerald Dr, Lexington$179,000

Buyer Closing Credits

$2,126*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking1 - 5 Spaces
Year Built1977
HeatingElectric
CoolingElectric
MLS #24005706
Lot Size0.21 Acres
StatusAccepting Backup Offers
(Contingent)

About 1897 Gerald Dr

Investment Opportunity! Brick duplex with 2 bedrooms and 1 bath on each side. Each unit has its own driveway and shares a large backyard. Tenant occupied with leases in place through March 2025. Each unit rents for $800/month. Buyer to verify all aspects of this property and satisfy themselves regarding all systems, square footage and condition. Being sold AS-IS, seller will make no repairs.

Property Details

Property Features

Property Information:

  • Year Built: 1977
  • Stories: 1
  • Living Area: 1,672 SqFt

Listing Office:

  • Office Name: The Brokerage
  • Office Phone: (859) 983-7365

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: 1 - 5 Spaces

Lot Features

Lot Information:

  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Electric

School Info

Assigned Schools Information:

  • Bryan Station High School, Public District Grades 9-12
  • Winburn Middle School, Public District Grades 6-8
  • Russell Cave Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Russel Cave Road outside New Circle Road, left on Winburn, right on Gerald.

Price Information

Listing Price Info

Price Summary:

  • List Price: $179,000
  • Price Per SqFt: $107/SqFt

Tax Information:

  • Annual Amount: $825
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Lexington, KY.

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Lexington, KY

City

Med. Sold Price

$310.6K

Med. Price/SqFt

$148

Avg. Days On Market

24

# of Sold Homes

241

1897 Gerald Dr vs Lexington

20 DAYS ON ROCKET

-4 Days

$179,000

-$131.6K Less

$107/SqFt

-$42 Less

KEY TAKEAWAY

This property is $131.6K less than the Median Sold Price and $42/SqFt less than other homes in Lexington, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24005706

Listing Office:

  • Office Name: The Brokerage
  • Office Phone: (859) 983-7365

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 8:25:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 12, 2013Home Sold
$53,000
Feb 05, 2013Home Sold
$53,000
May 21, 2012Home Sold
$45,750

Tax History

YEARPROP. TAXASSESSMENT
2020$825$64,600
2019$825$64,600
2018$825$64,600

History based on county public records data.

Payment Calculator

$961

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$603

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3920881
4
/10

  • Russell Cave Elementary School

  • 3375 Russell Cave Rd

  • 2.52 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3920882
2
/10

  • Winburn Middle School

  • 1060 Winburn Dr

  • 0.38 miles

  • Public District Grades 6-8

High School

school-card-donut-3920883
2
/10

  • Bryan Station High School

  • 201 Eastin Rd

  • 1.83 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $25,068. The majority of Lexington, KY residents have income less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Kentucky›Fayette County›Lexington›40511›1897 Gerald Dr

This home is located at 1897 Gerald Dr in Lexington, KY and zip code 40511 in the District 1 neighborhood. This 1,672 square foot home, which was built in 1977, sits on a 0.21 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 10, 2024 and is currently priced at $179,000.

In March 2024, from all listings sold in Lexington, KY there were more than 73 sold above asking price, over 102 sold below and more than 66 were sold right at the asked price. The number of homes for sale in Lexington, KY increased by 11.4% between February 2024 and March 2024. In March 2024, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $310,646.

From Rocket Homes Real Estate and based on county public records data.

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