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Farley 42003
1507 Meacham Ln
Photo of 1507 Meacham Ln
Sold on Sep 29, 2025

26

Map

Photo of 1507 Meacham Ln
Photo of 1507 Meacham Ln
$105,000
↑ $10K (9.5%)
● House - Off Market

1507 Meacham Ln

Paducah, KY 42003
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,470 Ft²
$614
Est. Monthly
9.70%
Cap Rate

About This Property

Remodeled 3 bedroom, 2 bath, 1470 home nestled in the quiet town of Paducah. Home features brand new roof, new flooring, new appliances, In-ground Pool, shed and Humongous detached garage.
Unit Size
1,470 Ft²
Days on Market
193 days
Land Size
0.48 acres
Price per sqft
$78
Property Type
House
Property Taxes
$49
HOA Dues
-
Year Built
1954

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 months ago (Realtracs #RTC2806922)

Price History

Date / Event Date Event Price
May 29, 2026 Price Increased $115,000
↑ $10K (9.5%)
Price Increased
Sep 29, 2025 Sold
Premium
Sold
Mar 19, 2025 Listed by Veterans Realty Services $130,000
Listed by Veterans Realty Services
Dec 12, 2023 No longer available -
No longer available
Dec 12, 2023 Sold
Premium
Sold
Show More

Property Highlights

Garage
With View

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 8
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,496
  • Building Area: 1,496
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 11
  • Heated Square Feet: 1,496
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1000
  • Legal Description 1: 17-12-50,49 100 X 200 1507 MEACHAM LN

Neighborhood

  • School District Name: McCracken County School District
  • School Tax School District: REIDLAND FARLEY
  • Census Tract: 031000

Geography

  • Account Number: 9548
  • Parcel: 121-10-06-019
  • Municipality: REIDLAND
  • Latitude: 37.0411
  • Longitude: -88.5763

    Address

  • Full Address: 1507 Meacham Ln
  • Address - House Number: 1507
  • Address - Street Name: Meacham
  • Address - Suffix Type: Ln
  • State: KY
  • City Name: Paducah
  • Carrier Code: C018
  • 4-Digit Zip Code: 0418
  • Zip Code: 42003

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $58,240
  • Tax Rate Code Area: 02

    Appraisal Valuation

  • Standard Deviation: 0.2747
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 60
  • Final Value: 81,315
  • High Value: 103,653
  • Low Value: 58,977

    Market Valuation

  • Market Total Value: $59,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $59,800

    Sales

  • Current Sale Contract Date: Dec 11, 2023
  • Current Sale Recording Date: Dec 12, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 687068
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Farley

Stats & Trends

Median Asking:

$0

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

0

Average Home Size

0 ft²

Average Home Age

2026 years

Currently For Sale

0 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

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Realtracs

Listed by: Joy Evers, e-Pro, PSA, C2EX, Veterans Realty Services
Last Updated: 5 months ago
Data Source: Realtracs, MLS# RTC2806922
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 1507 Meacham Lane built and last sold?
The property at 1507 Meacham Lane was built in 1954 and last sold on Dec 11, 2023 for $33,000.
How much is this home worth?
The estimated value of the home located at 1507 Meacham Lane is $113,691.
What are some comparable homes to 1507 Meacham Lane?
There are currently no comparable homes to 1507 Meacham Lane.
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