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Located at 2500 Alumni Drive, Apt 11107 in Lexington, KY, this commercial property in the Park Hills subdivision boasts a substantial lot size of 476,546 square feet. Constructed in 1977, the building spans a total living area of 1,940 square feet and was previously assessed at a market value of $11,499,700. With a total of 14 units on the property, it has a rich history, having last sold for $3,625,000. The property is known for its prime location and significant potential within the local real estate market.
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In most states, the history of a loss of life in a home, no matter how it occurred, even violently, is not considered a "Material Fact" and it's not required to be disclosed. This history depending on the event, can decrease the home's value by 25% and increase its time to sell by up to 50% longer than comparable homes. Properties with such a history are referred to as Stigmatized Properties.Would you want to know stigmatized history of the property before you sign the contract?
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