3 months on rocket

Sale Pending

540 Shelby St, Lexington, KY, 40505

$175,000

Home List Price

$2,078*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
House
Schools Nearby

Location

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540 Shelby St, Lexington$175,000

Buyer Closing Credits

$2,078*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Off Street
Year Built1919
HeatingForced Air, Natural Gas
CoolingElectric
FireplaceLiving Room
MLS #24000623
Lot Size0.12 Acres
StatusSale Pending
(Pending)

About 540 Shelby St

If you're looking for a great investment property or home for the family, this is it. 1300 square feet with 3 bedrooms, 1 1/2 baths, Large eat-in kitchen, updated HVAC. Located just off of Loudon Avenue and close to the new Limestone Street businesses. Plenty of parking with a two car detached garage. Perfect home for rental or single family residence.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1919
  • Stories: 1

Listing Office:

  • Office Name: Bluegrass Sotheby's International Realty
  • Office Phone: (859) 268-0099

Interior Features

Interior Information:

  • Appliances: Range, Refrigerator
  • Basement: No
  • Flooring Type: Laminate, Vinyl
  • Interior: Bedroom First Floor, Dining Area, Eat-in Kitchen
  • Fireplace: Living Room

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Driveway, Off Street

Lot Features

Lot Information:

  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Electric

School Info

Assigned Schools Information:

  • Lafayette High School, Public Magnet Grades 9-12
  • Lexington Trad Magnet School, Public Magnet Grades 6-8
  • William Wells Brown Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Winchester Road to Loudon Ave to left on Shropshire, Left on Shelby.

Price Information

Listing Price Info

Price Summary:

  • List Price: $175,000

Tax Information:

  • Annual Amount: $894
  • 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

540 Shelby St vs Lexington

108 DAYS ON ROCKET

+84 Days

$175,000

-$135.6K Less

KEY TAKEAWAY

This property is $135.6K less than the Median Sold Price in Lexington, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24000623

Listing Office:

  • Office Name: Bluegrass Sotheby's International Realty
  • Office Phone: (859) 268-0099

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: 4/27/2024, 1:25:20 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

Aug 22, 2019Home Sold
$70,000
Oct 27, 2014Home Sold
$27,000

Tax History

YEARPROP. TAXASSESSMENT
2020$894$70,000
2019$406$31,800
2018$345$27,000

History based on county public records data.

Payment Calculator

$941

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$591

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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-1280733
3
/10

  • William Wells Brown Elementary School

  • 555 E Fifth St

  • 0.33 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1280734
3
/10

  • Lexington Trad Magnet School

  • 350 N Limestone

  • 0.85 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-1280735
7
/10

  • Lafayette High School

  • 401 Reed Ln

  • 3.17 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,779. Typical income of Lexington, KY residents is between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 540 Shelby St

What is the listing price of this property?

The listing price of 540 Shelby St property is $175,000.

What type of property is this?

The property 540 Shelby St is a house located in Lexington, Kentucky, 40505.

Is this property for sale now?

Sale Pending: 540 Shelby St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 540 Shelby St are:
William Wells Brown Elementary School: GreatSchools Rating 3/10
Lexington Trad Magnet School: GreatSchools Rating 3/10
Lafayette High School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $894 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 22, 2019 for $70,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 540 Shelby St has 3 bedrooms and 1 full and 1 half bathrooms.

Which year was this property built?

The year of construction for 540 Shelby St is 1919.

Rocket Homes›Kentucky›Fayette County›Lexington›40505›540 Shelby St

This home is located at 540 Shelby St in Lexington, KY and zip code 40505 in the District 1 neighborhood. This home, which was built in 1919, sits on a 0.12 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 10, 2024 and is currently priced at $175,000.

Over 73 listings were sold over their listed price in March 2024 in Lexington, KY. In the same period over 102 listings were sold below the listed price and 66 listings were sold for the listed price. The number of homes for sale in Lexington, KY increased by 11.4% between February 2024 and March 2024. Listings spent 24 days on the market in March 2024, and had a median list price of $310,646 during the same period.

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

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