About McCracken County, KY

In the middle of an Historic Neighborhood and Arts District this completely renovated home has 2 Beds, 1 Full and 1 Half Bath, Eat-in Kitchen, Living Rm, Library/Sitting Rm, Small Office Area, Double-Pane Pella Windows, Fenced Backyard, Basement, 1 Car Garage, Tuck Point Brick, Central H/A, Slate Roof, Zoned Commercial/Residential-if you wish to Live/Work on the same property. Walk to restaurants, galleries/shops, cinema, live theater, concert hall, convention center, banks, public library, post office, and the scenic river with its future Marina/Riverfront Project only 3 blocks away, and a popular coffee shop is just around the corner. Public transportation is also available and a Commersial Airport is nearby. To directly access this property, use this shortcut: http://www.fizber.com/kentucky-buy-single-family-home-11647827.html

Beautiful custom built 2,500 Sq. Foot, one story, vinyl sided home features extra large rooms and walk in closets in rolling hill subdivision on quiet cul-de-sac. Built on a large lot, with professional landscaping and poured concrete borders. Large concrete patio in back for entertaining and extra large concrete drive edged with decorative pea gravel border. Inside, from the front door, you walk into a large living room with solid oak hardwood flooring and an antique mantel wood burning fireplace with gas logs inserted. There is recessed lighting throughout the house, crown molding and decorative trim. From the living room, you walk into the dining room and kitchen that boasts lots of oak cabinets, porcelain floors, and crown molding. Appliances are black with a built in wall oven, built in stovetop, dishwasher, garbage disposal and double door refrigerator. There is a large, eat at bar dividing the kitchen from the dining area that has a decorative, wrought iron pot rack. Off of the kitchen, a sunroom with tiled floor leads to a large 800 plus sq ft garage that has an epoxy painted floor, a gas heater and plenty of cabinets and space for the do it yourself person. The garage has a pull down ladder leading to a floored attic that has lots of storage. All three bedrooms are large, have beige carpet and all have large, walk in closets. The master bedroom is 18x21 and has a master bath with porcelain tile floor, a double whirlpool bath, double vanities, a separate shower and commode has a separate door. The guest bathroom boasts an antique sink, porcelain tile floor. Each bathroom has linen closet. The utility room has plenty of cabinets. Central air and Gas Pack heat, gas hot water heater, gas cook stove, ceiling fans in all rooms. A new roof was put on in 2004 and a new 50 gal. Gas hot water heater installed in 2007. To directly access this property, use this shortcut: http://www.fizber.com/kentucky-buy-single-family-home-11646989.html

The Western Kentucky Real Estate Investment Association is coming back to Paducah. The April meeting of the WKREIA will be held in Paducah on Thursday, April 16, 2009 at 6:30 p.m. at the new Thomas Smith Real Estate sales office located at 2410 Holt Road, Paducah, KY 42001. Kim Musgrave with Thomas Smith Real Estate will be hosting and providing drinks and snacks for attendees.

Each month the group discusses a topic relevant to real estate investing. This month the Western Kentucky REIA will be discussing techniques for dealing effectively with contractors and vendors. “Hearing other investors’ personal experiences is one of the best ways to avoid making costly mistakes in your investments. With such a diverse group of investors it’s easy to get reliable answers to your real estate investment questions,” said Western Kentucky REIA President Greg Taylor.

The Western Kentucky REIA is comprised of real estate investors from throughout the Jackson Purchase who represent many different areas of investing. For more information about this month’s meeting, please contact Daniel Riegel, WKREIA Board Member, at 618-841-3207 or email the WKREIA at wkreia@gmail.com

The master commissioner's sale was held today at the McCracken County Courthouse. There were probably 50 people in attendance. Of the many properties I listed in a previous blog here are a few highlighted properties that were sold.

• 1415 Madison St, lot, appraised at $2,500. Sold for $1,700
  
• 1424 Little Avenue, lot, appraised at $5,000. Sold for $3,450
  
• 934-936 North 10th Street, appraised for $110,000. Sold for $73,500
  
• 2069 Irvin Cobb Drive, former bar or nightclub, appraised at $240,000. Sold for $200,000. This property was previously listed by a couple of in-town agents at a price between $650,000 to $775,000
  
• 1724 Monroe, house, appraised for $60,000. Sold for $40,001
  
• 1204 Park Avenue, house, appraised for $45,000. Sold for $34,000
  
• 250 Jennifer Lane, house, appraised for $240,000. Sold for $205,000
  
• 101 Sarah Cove, house, appraised for $68,000. Sold for $45,339
  
• 2865 Oaks Road, house, Appraised for $96,000. Sold for $109,100.

Many of today's foreclosures had private buyers bidding against the lenders that foreclosed on the properties. In one auction the bank actually lost the auction. I suspect the attorney that represented the lender was allowed to bid up to a certain amount. The winning bid was 1 cent higher than the banks max bid.

The appraised values were the values stated by the auctioneer.

One of the things I get a kick out of when I attend these auctions is how many of the attendees know each other. I myself knew several people there today. Like myself, several people were there taking notes and not participating.

Today, myself and 64 other local realtors, attended GRI 5 class in Benton, KY. The class was entitled Systems for Success. For anyone not familar with GRI (Graduate Realtor Institute), it is a series of classes realtors attend for a variety of reasons. Among the many reasons to attend the classes, we learn to better work with buyers, sellers and other agents. We also learn how to conduct business more efficiently.

I particularly like attending these classes because I get to meet new peers and talk with friends. One of the ways we meet new peers is by working in groups on brief group collaborations. We also exchange business cards so we can provide client referrals to some of the agents we meet (networking).

Of all the good conversation I had there was one thing in particular that was said that most, if not all, agents had noticed. Most agents have noticed a significant increase in business since January 1st. Some agents said their buyers were waiting until after the annauguration took place. I personally noticed an increase in business shortly before that event.