1232 Colorado Rd Lexington, KY 40509

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4 beds · 2 baths · 1,468 sq ft · Lot Size: 6,900 sq ft · Single Family Home
Est. Property Value: $220,909

High Demand Long-Term RentalValued below Market MedianLarge Lot AdvantageOwner Age 55 - 65

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1232 Colorado Rd is in the 40509 neighborhood of Lexington, KY. It is located in Fayette County and ZIP code 40509. This Single Family Home was built in 1996 and is approximately 29 years old. The single family home spans 1468 sq ft with 4 bedrooms and 2 bathrooms and sits on a 6900 sq ft lot. According to public records, it was sold for $121,500 and has a tax-assessed value of $197,200, which is $150 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 1232 Colorado Rd Lexington, KY 40509 with Property Intel by Whitepages.

1232 Colorado Rd

Lexington, KY 40509

Owner Info

Owners & Occupancy for 1232 Colorado Rd

This property is owned by Sayed Saeid Hashemi. Owner contact information includes 1 phone number and 1 email address.

Property Owners

Cell Phone(859) ***-****View Cell Phone
Residence*************
Landline
Distance from Property**********
Email Address********@yahoo.comView Email
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Occupancy

Resident 1************ age 57

Property Financials for 1232 Colorado Rd

1232 Colorado Rd, Lexington, KY has no known mortgage. The Fayette county assessment for 2023 values it at $197,200, with annual taxes of $1,811.

Property Tax

Property Tax Amount$1,811 in 2015
Purchase Price$121,500
Assessed Value$197,200 on 2023

Investment Potential for 1232 Colorado Rd

The property has a current estimated value of $220,909, which is 50% below the zip median, based on public records. It last sold for $121,500. Projected long-term
is $32,400 annually ($2,700 per month) with a 93% occupancy rate.

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Long-Term

Gross Rental
$32,400 per year($2,700 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
93%in 40509 zip code
 
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Property Details for 1232 Colorado Rd

Property Details

Property Sq Ft

Living Area

1,468 sq ft

48% below market

Lot Size

6,900 sq ft

14% below market

Price Per Sq Ft

Living Area

$150 / sq ft

3% below market

Lot Size Area

$32 / sq ft

43% below market

Property condition, age, exterior, etc. for 1232 Color…
Longitude: -84.409902 Latitude: 38.012932 Parcel Number (APN): 19337170…

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Market Benchmarks

Compare data for 1232 Colorado Rd in Fayette County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$220,909
$261,094
-$40,185 (-15%)
—
—
—
YoY Price Change
—
—
—
Year Built
1996
1993
3 years
Living Space
1,468 sq ft
2,414 sq ft
-946 (-39%)
$ Per Living Sq Ft
$150
$110
$40 (36%)
Lot Size
6,900 sq ft
18,731 sq ft
-11831 (-63%)
$ Per Lot Sq Ft
$32
$13
$19 (154%)

Net Operating Income
$*****
$18,086
$6,543 (36%)
Annual Revenue
$32,400
$25,200
$7,200 (29%)
$****
$7,008
$763 (11%)
Net Operating Income
$*****
$18,086
$6,543 (36%)
Cap Rate
****%
6.79%
—
View Zip code Data
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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