1 year on rocket

613 Shropshire Ave, Lexington, KY, 40508

$600,000

Home List Price

$7,125*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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613 Shropshire Ave, Lexington$600,000

Buyer Closing Credits

$7,125*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking6 - 10 Spaces
Year Built1965
HeatingBaseboard, Electric, Forced Air
CoolingWindow Unit(s)
MLS #22026752
Lot Size0.20 Acres
StatusActive

About 613 Shropshire Ave

Six unit apartment building located near downtown Lexington on the Winchester Road corridor. All units are 1 bed/1bath with ceramic tile throughout, updated cabinets, stainless steel appliances, in unit washer/dryer. Currently used as long term rental with units rented at $650-$725. Market rate for the area should be $700-$725. All units are metered separately for water and electric. Tenants pay all utilities for each unit currently. Building is now fully leased with 100% occupancy. Other units can be viewed with accepted contract. The building and location also has strong potential for short term rental.

Property Details

Property Features

Property Information:

  • Year Built: 1965
  • Stories: 1

Listing Office:

  • Office Name: Mayca Property Solutions
  • Office Phone: (859) 667-3436

Exterior Features

Parking Information:

  • Parking: 6 - 10 Spaces

Lot Features

Lot Information:

  • Lot Size: 0.20 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Electric, Forced Air
  • Cooling: Window Unit(s)

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: E 3rd St toward Winchester Road, Right turn on Shropshire Ave. Building on Left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $600,000

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

613 Shropshire Ave vs Lexington

490 DAYS ON ROCKET

+466 Days

$600,000

+$289.3K More

KEY TAKEAWAY

This property is $289.3K more than the Median Sold Price in Lexington, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #22026752

Listing Office:

  • Office Name: Mayca Property Solutions
  • Office Phone: (859) 667-3436

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, 4:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Oct 28, 2019Home Sold
$1,605,905
Jan 30, 2017Home Sold
$70,000

Tax History

YEARPROP. TAXASSESSMENT
2020$894$70,000
2019$894$70,000
2018$894$70,000

History based on county public records data.

Payment Calculator

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

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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-1033789
3
/10

  • William Wells Brown Elementary School

  • 555 E Fifth St

  • 0.15 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1033790
3
/10

  • Lexington Trad Magnet School

  • 350 N Limestone

  • 0.63 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-1033791
7
/10

  • Lafayette High School

  • 401 Reed Ln

  • 2.94 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 $33,194. Typical income of Lexington, KY residents is less than $35k annually. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Kentucky›Fayette County›Lexington›40508›613 Shropshire Ave

This home is located at 613 Shropshire Ave in Lexington, KY and zip code 40508 in the District 1 neighborhood. This home, which was built in 1965, sits on a 0.20 acre lot. It has been listed on Rocket Homes since December 23, 2022 and is currently priced at $600,000.

While more than 73 listings in Lexington, KY in March 2024 were sold above asking price, there were more than 66 listings sold at asking price, and more than 102 were sold below. The number of homes for sale in Lexington, KY increased by 11.4% between February 2024 and March 2024. While the average time on the market in March 2024 was 24 days, the median list price was $310,646.

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

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