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505 Olive Street

505 Olive Street, Murray, KY 42071
Property in Calloway
Sold Jul 12, 2016
$65,000
$61,750 by Independence Bank
Mortgage Due Aug 01, 2046
Sold Aug 26, 2013
$62,000
$49,600 by Community Financial Services B
Mortgage Due Aug 15, 2043
505 Olive Street has been categorized by the local assessors in Murray, KY as a residential type of property. The home has a total of 2 bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 505 Olive Street has 764 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 450 ft and across the front of the lot is 1,600 ft. The area measurement of the land has been determined as 7,200 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 no garage for those who require parking. Residents will have the luxury of enjoying a porch. Moving on to the building itself. The condition of the building has been evaluated as fair. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The building has a gable or hip style roof made of composition shingle. The inside of the home is being cooled with a wall air conditioning unit at the moment. In terms of heating, it is utilizing a solar heating system and being fueled with solar energy. The property was last sold in Jul 11, 2016 for $65,000. That's $85.08 per sqft. Prior to that sales transaction, the property was also sold in Aug 15, 2013 for $62,000. 505 Olive Street was last assessed in 2023. The total value of the property was assessed at $80,000. 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 $314. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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

  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Fair
  • Construction Type: Frame
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: None
  • Parking Space Count: 0
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 7,200
  • Lot Size Depth Feet: 450
  • Lot Size Frontage Feet: 1,600
  • Total Building Area: 764
  • Building Area: 764
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Wall air conditioning unit
  • Heating: Solar
  • Heated Square Feet: 764
  • Heating Fuel Type: Solar energy

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.17
  • Standard Land Use Code: Single family residential (assumed)
  • Legal Description 1: 505 OLIVE

Ownership

  • Current Owner : HILKEY SHANNON A
  • Previous Owner : PARKS VICKI H
  • Previous Owner 2: PARKS BRADY S
  • Owner Before Previous Owner: PITMAN LAURA A
  • Owner Before Previous Owner 2: PITMAN MICHAEL M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Murray Independent School District
  • School Tax School District: 01
  • Census Tract: 010400

Geography

  • Account Number: 40993
  • Parcel: 009-0-0007-00002
  • Latitude: 36.6125
  • Longitude: -88.304

    Address

  • Full Address: 505 Olive St
  • Address - House Number: 505
  • Address - Street Name: Olive
  • Address - Suffix Type: St
  • State: KY
  • City Name: Murray
  • Carrier Code: C003
  • 4-Digit Zip Code: 2036
  • Zip Code: 42071

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $314

    Appraisal Valuation

  • Standard Deviation: 0.4558
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 8
  • Final Value: 78,344
  • High Value: 114,059
  • Low Value: 42,628

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $61,750
  • First Open Lien Mortgage Lender: INDEPENDENCE BANK
  • First Open Lien Mortgage Recording Date: Jul 12, 2016
  • First Open Lien Mortgage Loan Amount: $61,750
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Open Lien Mortgage Loan Due Date: Aug 01, 2046

    Market Valuation

  • Market Total Value: $80,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $80,000

    Sales

  • Current Sale Contract Date: Jul 11, 2016
  • Current Sale Recording Date: Jul 12, 2016
  • Current Sale Transaction ID: 1689063271
  • Current Sale Price: $65,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 604550
  • Previous Sale Recording Date: Aug 26, 2013
  • Previous Sale Contract Date: Aug 15, 2013
  • Previous Sale Amount: $62,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: INDEPENDENCE BANK
  • First Mortgage Transaction Date: Jul 12, 2016
  • First Mortgage Loan Amount: $61,750
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • First Mortgage Loan Due Date: Aug 01, 2046

    Previous Mortgages

  • Previous Mortgage Lender: COMMUNITY FINANCIAL SERVICES B
  • Previous Mortgage Transaction Date: Aug 26, 2013
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $49,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Aug 15, 2043

About Murray



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Frequently Asked Questions

What neighborhood is 505 Olive Street located in?
The 505 Olive Street is a located in the neighborhood of Calloway in Murray, Murray.
What is the average sales price for listings in 505 Olive Street?
The average sales price for units in 505 Olive Street is $0 currently.

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