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1040 Tanbark Road

1040 Tanbark Road, Lexington, KY 40515
Property in Fayette
Sold Nov 05, 2021
$260,000
$144,000 by American Mortgage Service Co
Mortgage Due Feb 01, 2038
Sold Mar 29, 2012
$163,000
$163,000 by Branch Banking And Trust Co
Mortgage
1040 Tanbark Road has been categorized by the local assessors in Lexington, KY as a residential type of property. The building on the property was first built in 1992 and is 32 years old. The home has a total of 6 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1040 Tanbark Road has 1,940 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 6,408 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 252 sqft. According to our sources, there is one available parking space. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system and being fueled with gas. There is a single fireplace in the home. Perfect for those wintery nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1040 Tanbark Road was last sold in Jan 1, 1970 for $260,000. According to our calculations, that's $134.02 per sqft. Prior to that sales transaction, the property was sold for $163,000 in Jan 1, 1970. Current property owners are expected to pay $3,215 in taxes per year. The property on 1040 Tanbark Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $260,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 9
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 252
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,408
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,940
  • Building Area: 1,940
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,940
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LANCASTER WOODS
  • Land Acres: 0.147
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: H-752 LANCASTER WOODS UNIT 2 SECT 1 LOT 28; BOOK: 3063 PAGE: 469

Ownership

  • Current Owner : BRADSHAW TIMOTHY A
  • Previous Owner : PETERMAN DAVID M
  • Previous Owner 2: PETERMAN MOLLY E
  • Owner Before Previous Owner: ROE APRIL M
  • Owner Before Previous Owner 2: ROE BRADLEY L
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Fayette County School District
  • Census Tract: 004003

Zoning

  • Zoning: R-1D

Geography

  • Assessors Map Reference: MB:63
  • Section: 1
  • Parcel: 20097600
  • Lot: 28
  • Latitude: 37.9638
  • Longitude: -84.4929

    Address

  • Full Address: 1040 Tanbark Rd
  • Legal Unit: 2
  • Address - House Number: 1040
  • Address - Street Name: Tanbark
  • Address - Suffix Type: Rd
  • State: KY
  • City Name: Lexington
  • Carrier Code: C019
  • 4-Digit Zip Code: 1866
  • Zip Code: 40515

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,215
  • Tax Rate Code Area: 01

    Appraisal Valuation

  • Standard Deviation: 0.1871
  • Valuation Date: Dec 20, 2023
  • Confidence Score: 75
  • Final Value: 342,051
  • High Value: 406,052
  • Low Value: 278,050

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $243,200
  • First Open Lien Mortgage Lender: AMERICAN MORTGAGE SERVICE CO
  • First Open Lien Mortgage Recording Date: Jan 03, 2008
  • First Open Lien Mortgage Loan Amount: $144,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2038
  • Second Open Lien Mortgage Lender: UNIVERSITY OF KENTUCKY FEDERAL
  • Second Open Lien Mortgage Recording Date: Sep 21, 2023
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $99,200
  • Second Open Lien Mortgage Term: 240
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Sep 21, 2043

    Market Valuation

  • Market Total Value: $260,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $260,000

    Sales

  • Current Sale Recording Date: Nov 05, 2021
  • Current Sale Transaction ID: 11862186464
  • Current Sale Price: $260,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Mar 29, 2012
  • Previous Sale Amount: $163,000
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: BRANCH BANKING AND TRUST CO
  • Previous Mortgage Transaction Date: Mar 29, 2012
  • Previous Mortgage Loan Amount: $163,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Lexington-Fayette



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Frequently Asked Questions

What neighborhood is 1040 Tanbark Road located in?
The 1040 Tanbark Road is a located in the neighborhood of Fayette in Lexington-Fayette, Lexington.
What is the average sales price for listings in 1040 Tanbark Road?
The average sales price for units in 1040 Tanbark Road is $0 currently.

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