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3501 Pimlico Parkway

3501 Pimlico Parkway, Lexington, KY 40517
Sold Mar 25, 2020
$16,350,000
Sold Apr 28, 2016
$6,775,000
$10,795,000 by Lmrec Iii Holdings Iii Inc
Mortgage
3501 Pimlico Parkway 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 1974 and is 50 years old. The building has a total of 2 stories. In addition, 3501 Pimlico Parkway has 47,329 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 47,329 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 386,377 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 parking lot for those who require parking. According to our sources, there are a total of 210 available parking spaces. The exterior walls of the building are made of brick veneer. The inside of the home is being cooled with a window/unit air conditioning at the moment. The property was last sold in Jan 1, 1970 for $16,350,000. That's $856.92 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $6,775,000. 3501 Pimlico Parkway was last assessed in 2023. The total value of the property was assessed at $8,391,200. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $103,766. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 5
  • Bedroom Count: 0
  • Exterior Walls Type: Brick veneer
  • Floor Count: 2
  • Living Units: 36
  • Basement Type: Finished improved basement
  • Basement Area: 47,329
  • Garage Type: Parking lot
  • Parking Space Count: 210

    Dimensions

  • Lot Size Square Feet: 386,377
  • Lot Size Frontage Feet: 4,493
  • Total Building Area: 19,080
  • Gross Building Area: 19,080
  • Building Area: 19,080
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: Window/unit air conditioning
  • Heating: unknown
  • Heated Square Feet: 47,329
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: GAINESWAY
  • Land Acres: 8.87
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: A-380 GAINESWAY UNIT 10-A LOT 1; BOOK: 3743 PAGE: 389

Ownership

  • Current Owner : MONUMENT TRIPLE CROWN LLC
  • Previous Owner : I3 TRIPLE CROWN HOLDINGS LLC
  • Owner Before Previous Owner: FAIRWAY APTS LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Fayette County School District
  • Census Tract: 003405

Zoning

  • Zoning: R-4

Geography

  • Assessors Map Reference: MB:50
  • Parcel: 12526525
  • Block: C
  • Lot: 1
  • Latitude: 37.9833
  • Longitude: -84.4703

    Address

  • Full Address: 3501 Pimlico Pkwy
  • Legal Unit: 10-A
  • Address - House Number: 3501
  • Address - Street Name: Pimlico
  • Address - Suffix Type: Pkwy
  • State: KY
  • City Name: Lexington
  • Carrier Code: C084
  • 4-Digit Zip Code: 3701
  • Zip Code: 40517

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $103,766
  • Tax Rate Code Area: 01

    Market Valuation

  • Market Total Value: $8,391,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,391,200

    Sales

  • Current Sale Recording Date: Mar 25, 2020
  • Current Sale Transaction ID: 11751592118
  • Current Sale Price: $16,350,000
  • Current Sale Document Type: Deed
  • Previous Sale Recording Date: Apr 28, 2016
  • Previous Sale Amount: $6,775,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: VOYA INV MGT LLC
  • First Mortgage Transaction Date: Mar 25, 2020
  • First Mortgage Loan Amount: $17,180,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Unknown (DEFAULT)

    Previous Mortgages

  • Previous Mortgage Lender: LMREC III HOLDINGS III INC
  • Previous Mortgage Transaction Date: Apr 28, 2016
  • Previous Mortgage Loan Amount: $10,795,000
  • Previous Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 3501 Pimlico Parkway located in?
The 3501 Pimlico Parkway is a located in the neighborhood of Southeastern Hills in Southeastern Hills, Lexington.
What is the average sales price for listings in 3501 Pimlico Parkway?
The average sales price for units in 3501 Pimlico Parkway is $0 currently.

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