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Backup Offers

308 Hermitage Dr, Frankfort, KY, 40601

$325,000

Home List Price

$3,859*

Closing Credit

4 Bedrooms
2 Full Baths
2,397 SqFt
$136/SqFt
Multi

Location

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308 Hermitage Dr, Frankfort$325,000

Buyer Closing Credits

$3,859*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1950
HeatingForced Air, Natural Gas
CoolingElectric
MLS #24020299
Lot Size0.17 Acres
StatusAccepting Backup Offers
(Contingent)

About 308 Hermitage Dr

South Frankfort charm and owner pride abound and with this one! Currently setup as a duplex divided as 1st and 2nd floor units. Units are of good-size and lots of storeage is available for each occupant in the shared unfinished basement. Each unit has an eat-in kitchen, living room, 2 bedrooms, 1 full bath and separate laundry areas located in the common basement. 1st floor has hardwood and 2nd floor has carpet. Along the width of the front the 1st floor has a front porch and the 2nd floor has a sunroom. Two-car detached garage and driveway parking. The 1st floor is currently tenant occupied on a month-to-month basis. **NEW ROOF covering September 2024. The second floor has new paint and carpet. 2nd floor is available to show anytime. 1st floor is occupied and may have restricted showing times. Buyer to verify all features and aspects of property including but not limited to boundaries, square feet, water, sewer, schools, zoning, and suitability.

Property Details

Property Features

Property Information:

  • Year Built: 1950
  • Living Area: 2,397 SqFt

Listing Office:

  • Office Name: Marshall Lane Real Estate
  • Office Phone: (502) 682-1226

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: From East Main St, follow US 60 West, cross the river, turn left on East 3rd St, and in 1/4 mile turn right on Hermitage. Home is on the right. From Louisville Rd, follow US 60 East into downtown. Turn right onto Capital Avenue and then left onto East 3rd Street and in 1/4 mile turn right on Hermitage. Home is on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $325,000
  • Price Per SqFt: $136/SqFt

Tax Information:

  • Annual Amount: $1,159
  • Tax Year: 2020
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Housing Market Comparison

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

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Frankfort, KY

City

Med. Sold Price

$240K

Med. Price/SqFt

$132

Avg. Days On Market

28

# of Sold Homes

44

308 Hermitage Dr vs Frankfort

59 DAYS ON ROCKET

+31 Days

$325,000

+$85K More

$136/SqFt

+$4 More

KEY TAKEAWAY

This property is $85K more than the Median Sold Price and $4/SqFt more than other homes in Frankfort, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24020299

Listing Office:

  • Office Name: Marshall Lane Real Estate
  • Office Phone: (502) 682-1226

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: 11/23/2024, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,159$95,000
2018 - $95,000
2017$1,482$95,000

History based on county public records data.

Payment Calculator

$1,690

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,041

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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.

Nearby Schools

school-card-donut-808787
3
/10

  • Collins Lane

  • 1 Cougar Ln

  • 1.38 miles

  • Public District Grades PK-5

school-card-donut-808788
3
/10

  • Westridge Elementary School

  • 200 Oak Ridge Dr

  • 2.07 miles

  • Public District Grades PK-5

school-card-donut-808789
3
/10

  • Elkhorn Elementary School

  • 928 E Main St

  • 2.18 miles

  • Public District Grades 1-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,164. The most common annual income of people living in Frankfort, KY is less than $35k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Frankfort, KY

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Frankfort, KY?

Frankfort's housing market showcases a diverse array of options, with single-family homes being a significant presence. Architectural styles in the area range from historic to contemporary, reflecting the city's rich history and modern growth. The market is balanced with a mix of older homes that exude character and newer constructions that offer modern amenities. While exact statistics are not provided, the area is known for its blend of residential offerings that cater to a variety of preferences and budgets.

Is Frankfort, KY a good place to live?

Frankfort is celebrated for its unique blend of small-town charm and historical significance as Kentucky's capital. The community prides itself on a rich cultural heritage, with landmarks such as the Kentucky State Capitol and the Governor's Mansion enhancing the city's character. Annual events and festivals contribute to the vibrant local culture, fostering a sense of community among residents.

Are things conveniently located in Frankfort, KY?

The community benefits from a solid educational system, with multiple public and private schools serving the area, including specialized institutions that cater to a range of educational needs. Healthcare services are available through local clinics and a regional hospital, providing residents with essential medical care. The city also features a public library system and a variety of retail and dining options that reflect the local culture. Initiatives to improve services are ongoing, adapting to the evolving needs of the community.

What does the transportation in Frankfort, KY look like?

Transportation in Frankfort includes a network of roads and highways that connect residents to nearby cities and attractions. Public transit options are available, offering residents alternatives to private vehicle use. The city's walkability varies by area, with the downtown region being particularly pedestrian-friendly. Efforts to enhance transportation efficiency and accessibility are part of the city's ongoing development plans.

Rocket Homes›Kentucky›Franklin County›Frankfort›40601›308 Hermitage Dr

This home is located at 308 Hermitage Dr in Frankfort, KY and zip code 40601. This 2,397 square foot home, which was built in 1950, sits on a 0.17 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 24, 2024 and is currently priced at $325,000.

In October 2024, from all listings sold in Frankfort, KY there were more than 11 sold above asking price, over 27 sold below and more than 6 were sold right at the asked price. In October 2024 in Frankfort, KY there were 6.2% more homes for sale than in September 2024. In October 2024 median list price was $240,000 and the average listing age was 28 days.

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

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