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$524,000   Price Analysis
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4950 SW Highway 1009
Monticello, KY 42633
13 bed 10 bath 12,160 SqFt ($43/SqFt)
8.0 acre lot. Built 1964
Listed 2024-04-05, Taxes $759
USDA Eligible
near Monticello, KY
 Restrictions may apply
due to home size

Be sure to check out this unique opportunity in this appealing property.

Solidly built as an elementary school in the early 1960's, this building has been beautifully renovated into a residential property with 10 separate units, all under one roof. For over 10 years, th current owners have painstakingly converted the property to a showplace you have to see! There are (3) 2-bedroom Apts with 2 car garage, 1 bedroom apt with 2 car garage and 6 other studio units. 4-units that have additional storage, in addition to tons of attic storage.

All units have a doorway to the outside, along with an interior hallway that runs the length of the building. There is a common kitchen and dining area along with several storage bays. Most of the furnishings and appliances stay. Outside is a storage building and barn, all on an 8-acre tract. The owners are in the process of installing an electric vehicle charging station. The mountain views are incredible. Think of possibilities here; a bed and breakfast, a 10-unit apartment or condo building, a rehabilitation center or a place to house your whole extended family and friends. In the heart of Southern Kentucky's 4-wheeler country.


Presented by John Dick at
Access Realty.


Property MLS #24006381 from BLUEGRASS

Bedrooms: 13

Total Bathrooms: 10.00
Full Bathrooms: 10

Bedroom First Floor
Ceiling Fan(s)
Eat-in Kitchen
Entrance Foyer
Primary First Floor
Security System Owned
Walk-In Closet(s)
Wet Bar
Flooring: Carpet, Concrete, Hardwood, Tile, Vinyl
Window Features: Blinds, Insulated Windows, Window Treatments

Dishwasher
Dryer
Electric Water Heater
Range
Refrigerator
Washer
Laundry Features: Electric Dryer Hookup, Main Level, Washer Hookup

Cooling Features: Electric, Zoned
Heating Features: Electric, Zoned

Porch
Storm Door(s)
Other Structures: Barn(s), Stable(s), Storage Shed

Lot Description: Horses Permitted, Secluded, Wooded
Lot Size Acres: 8.0
Lot Size Square Feet: 348480

Garage Spaces: 4
Garage Features: Attached, Garage Faces Rear
Parking Features: Driveway, Off Street

View: Farm, Mountains, Rural, Trees

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School: Wayne Co
High School: Wayne Co
Middle School: Wayne Co
School District: Wayne County - 70

Walker Elementary School is a public elementary school located approximately 9.6 miles away.
directions icon Map directions

Wayne County Middle School is a public middle school located approximately 9.8 miles away.
directions icon Map directions

Wayne County High School is a public high school located approximately 9.9 miles away.
directions icon Map directions

Source Listing Status: Active
County: Wayne
Directions: Leaving Monticello going West on KY 90, travel around 8 miles and turn left on Highway 1009 South. Travel around 5 miles to property on the right.
Source Property Type: Residential
Area: 070 - Wayne County
Source Neighborhood: Rural
Subdivision: Rural
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$54,800 + $25,000
$79,800
$759
2021$54,800 + $25,000
$79,800
$765
2020$54,800 + $25,000
$79,800
$774
2019$54,800 + $25,000
$79,800
$774
2018$54,800 + $25,000
$79,800
$772
2017$54,800 + $25,000
$79,800
$777
2016$54,800 + $25,000
$79,800
$735
2015$54,800 + $25,000
$79,800
$738
2014$54,800 + $25,000
$79,800
$726
2010$54,800 + $25,000
$79,800
$663
2009$65,900 + $40,000
$105,900
$864

Listing removed 2024-04-06
$0
BLUEGRASS
Listed 2024-04-05
$524,000
BLUEGRASS
Relisted 2024-03-21
$524,000
BLUEGRASS
Listing removed 2024-03-15
$0
BLUEGRASS
Price Changed 2024-01-26
$524,000
BLUEGRASS
Listed 2023-09-16
$549,000
BLUEGRASS
Sold 2009-07-01
$79,800
Public Record
Sold 1995-07-01
$59,850
Public Record

Year Built: 1964
Above Grade Finished Area: 12160
Above Grade Unfinished Area: 2000.00
Construction Materials: Brick Veneer
Foundation Details: Block
Property Age: 60
Roof: Metal
Levels or Stories: One
Structure Type: House
Total Unfinished Area: 2000
Architectural Style: Ranch

Accessibility Features: Accessible Entrance
Disabled Access: Yes

Sewer: Septic Tank
Water Source: Private
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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.