2 months on rocket

531 Smith St, Lexington, KY, 40508

$106,900

Home List Price

$1,269*

Closing Credit

1 Bedroom
0 Baths
House

Location

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531 Smith St, Lexington$106,900

Buyer Closing Credits

$1,269*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1930
HeatingOther
CoolingOther
MLS #24022193
Lot Size0.06 Acres
StatusActive

About 531 Smith St

531 Smith StThis property is a diamond in the rough, prime location in the heart of downtown, this property offers immense potential for the savvy investor or developer. The building is in need of a complete overhaul, but with the right vision, it could be transformed into a beautiful downtown Lexington home. Located in a high-demand area, surrounded by ongoing developments, restaurants, and businesses, this property is poised to benefit from future growth.

Property Details

Property Features

Property Information:

  • Year Built: 1930
  • Stories: 1

Listing Office:

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

Interior Features

Interior Information:

  • Flooring Type: Other

Bedroom and Bathroom Information:

  • Total Bedroom Count: 1

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Other

Other

Directions Information:

  • Directions: Take Broadway northbound, left on Fifth Street, take last right on Smith Street before you hit Jefferson

Price Information

Listing Price Info

Price Summary:

  • List Price: $106,900

Tax Information:

  • Annual Amount: $432
  • 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

$325.1K

Med. Price/SqFt

$144

Avg. Days On Market

21

# of Sold Homes

237

531 Smith St vs Lexington

70 DAYS ON ROCKET

+49 Days

$106,900

-$218.2K Less

KEY TAKEAWAY

This property is $218.2K less than the Median Sold Price in Lexington, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24022193

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: 12/30/2024, 6:20:59 PM 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$432$33,800
2019$432$33,800
2018$432$33,800

History based on county public records data.

Payment Calculator

$601

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$387

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NMLS#3030

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-2213602
1
/10

  • Harrison Elementary School

  • 161 Bruce St

  • 0.57 miles

  • Public District Grades PK-5

school-card-donut-2213603
2
/10

  • Arlington Elementary School

  • 122 Arceme Ave

  • 0.83 miles

  • Public District Grades PK-5

school-card-donut-2213604
2
/10

  • Booker T. Washington Elementary School

  • 707 Howard St

  • 0.89 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $24,391. Typical income of Lexington, KY residents is less than $35k annually. Most families are 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 531 Smith St

What is the listing price of this property?

The listing price of 531 Smith St property is $106,900.

What type of property is this?

The property 531 Smith St is a house located in Lexington, Kentucky, 40508.

Is this property for sale now?

Active Listing: 531 Smith St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $432 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 531 Smith St has 1 bedroom.

Which year was this property built?

The year of construction for 531 Smith St is 1930.

Rocket Homes›Kentucky›Fayette County›Lexington›40508›531 Smith St

This home is located at 531 Smith St in Lexington, KY and zip code 40508 in the Northside neighborhood. This home, which was built in 1930, sits on a 0.06 acre lot. Features: 1 bedroom. It has been listed on Rocket Homes since October 21, 2024 and is currently priced at $106,900.

In November 2024, from all listings sold in Lexington, KY there were more than 44 sold above asking price, over 128 sold below and more than 65 were sold right at the asked price. Between October 2024 and November 2024, Lexington, KY real estate market has seen decrease in the number of listings by 4.7%. In November 2024 median list price was $325,139 and the average listing age was 21 days.

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

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