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$325,000   Price Analysis
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707 Old Shakertown Rd
Danville, KY 40422
4 bed 2 bath 2,838 SqFt ($114/SqFt)
4.31 acre lot.
Listed 2024-04-24, Taxes $272
USDA Eligible
near Danville, KY
 Restrictions may apply
due to home size

Current owners got zoning changed to RM-3 which makes this an ideal (and rare)

Multi-family housing property. RM-3 allows up to 8 units per building (which would mean 62 units plus the home in place). This property is one of the properties with this zoning, which makes it the ideal property for investors and builders looking to expand the housing options in Danville.

At this price point, land cost per unt is under $5300 at 62 units.


Presented by Amanda B. Morris at
Rector Hayden, Realtors.


Property MLS #24007926 from BLUEGRASS

Bedrooms: 4

Total Bathrooms: 2.00
Full Bathrooms: 2

Laundry Features: Electric Dryer Hookup, Washer Hookup

Cooling Features: Window Unit(s)
Heating Features: Natural Gas

Flooring: Hardwood
Window Features: Screens

Basement Description: Unfinished, Walk-Up Access

Porch
Storm Door(s)
Fencing: Chain Link

Lot Size Acres: 4.31
Lot Size Square Feet: 187744

Garage Features: Detached
Parking Features: Driveway

View: Neighborhood, Rural

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: Hogsett/Jennie Rogers(Legacy)
High School: Danville
Middle School: Bate
School District: Danville City - 126

Danville High School is a public high school located approximately 0.7 miles away.
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Toliver Elementary School is a public elementary school located approximately 1 miles away.
directions icon Map directions

Bate Middle School is a public middle school located approximately 1.2 miles away.
directions icon Map directions

Danville Montessori School is a private elementary school located approximately 1 miles away.
directions icon Map directions

Source Listing Status: Active
County: Boyle
Directions: Take Hwy 27 S into Nicholasville. Continue straight on Hwy 27 S to KY-34 w. Take a right on 34W and follow to traffic circle. At trafficcircle take third exit to KY-33 S/Shakertown Road. keep right to continue on Old Shakertown Rd, 707 Old Shakertown road isapproximately 0.2 miles on the left.
Source Property Type: Residential
Area: 012 - Boyle County
Source Neighborhood: Rural
Subdivision: Rural
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2011$unknown + $unknown
$95,000
$272
2006$unknown + $unknown
$85,000
$226
2005$unknown + $unknown
$85,000
$224

Listed 2024-04-24
$325,000
BLUEGRASS

Above Grade Finished Area: 2838
Attic: Partially Finished
Construction Materials: Brick Veneer, Wood Siding
Foundation Details: Stone
Levels or Stories: Three Or More
Structure Type: House
Architectural Style: Ranch

Sewer: Public Sewer, Septic Tank
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.