Property Details
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This property, located at 302 Ridgeway Road in Lexington, KY, is a charming two-story apartment building constructed in 1930. The building, assessed at a market value of $323,000, features 4 units with a total living space of 5796 square feet. The lot size measures 8411 square feet and the property also includes window A/C cooling and no heating system. The tax legal information shows that the property is designated as LOT 22 and has a legal lot number of 1:22, referenced in book 2507, page 66. The tax bill for this property was $3,994.22.
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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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