Shelby County

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Shelbyville Kentucky Real Estate Transfers 12-21-2007

Friday, September 2nd, 2011 at 11:38am. 2385 Views, 0 Comments.

shelbyville kentucky real estate transfersFor your convenience, here are the Shelbyville Kentucky real estate transfers for week ending 12-21-2007:

Price Bros. – to Horizons Opportunities LLC – Lot 1 Block E Indianapolis Subdivision – $25000

Lillie Young – to Kim Young – property east of KY 53 – $10

Dogwood LLC – to James Hardy & Cinderella Hardy – Lot 5-G-3B Dogwood Trace Phase 5 – $161900

James Miller & Patricia Miller – to Martin Middleton Junior & Carol Wallin – Tract 8  Noland Woods – $330000

Amos Martin Construction Company Inc – to Gregory Allen & Laurie Allen – Lot 106 Persimmon Ridge Phase IV – $409819.71

Bradley Penn & Felicia Penn – to Michael Gomez – Lot 43 Orchard Crossing Subdivision – $114000

Arthur McMahan & Melissa McMahan…

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Foreclosed Real Estate decreases by 10 percent in the United States

Friday, September 2nd, 2011 at 11:34am. 1603 Views, 0 Comments.

foreclosed real estate decreases by 10 percent in the united statesForeclosed real estate decreased by 10 percent across the United States for the month of November 2007.  Kentucky saw a decrease of 6.65%.

This is significant in that this is the first time there has been a double digit percent decrease in foreclosures since April 2006 – some 20 months ago.

But, we aren’t out of the woods yet so to speak.  There are predictions for a very strong foreclosure rate in the 1st quarter of 2008 – a primary cause being the seasonal influx of persons that are filing before various deadlines, as well as those that may file due to an increase of adjustable mortgage rate persons having their mortgages reset and the current home owner not being able to address the debt service of the higher payment for their…

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Shelby County Kentucky to add 3 new schools by 2015

Friday, September 2nd, 2011 at 11:30am. 3116 Views, 0 Comments.

shelby county kentucky to add 3 new schoolsThe Shelby County Kentucky Board of Education has given approval and allocated money for 3 new schools to be built over the next 8 years.  One school will be an elementary, one school will be a middle school, and one school will be a high school.  All 3 schools will be constructed at a new school campus located off US 60 (aka Shelbyville Road aka Frankfort Road aka Louisville Road, etc) near Ardmore Lane.

The total projected costs is estimated to be $100 million for the 3 schools.

The first school to be constructed will be a place for 8th and 9th grade students and will be known as the 8/9 center.  This will help ease some of the congestion currently being experienced by the overcrowded middle and high schools in Shelbyville KY.  This building is…

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Shelby County Kentucky Planning and Zoning Commission Meeting 12-18-2007

Friday, September 2nd, 2011 at 11:12am. 962 Views, 0 Comments.

shelby county kentucky planning and zoning commission meetingThe Shelby County Kentucky Planning and Zoning Commission Meeting is scheduled for today 12-18-2007.  Some of the points of discussion include a possible amendment, change, or revocation, or modification of a green space landscaping buffer requirement that was implemented 2 years ago.

One of the modifications to the adopted plan would include lowering the amount of plants/trees that a real estate developer would be required to install for a development.  Currently, a real estate developer is required to to place approximately 15 or 16 trees per 200′ of road frontage.  The modification would reduce the amount of plantings to 4 trees.

Part of the motivation for the change has come from real estate developer’s complaints that the requirements were…

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Shelbyville Kentucky Real Estate Transfers 12-14-2007

Thursday, September 1st, 2011 at 5:23pm. 1534 Views, 0 Comments.

shelbyville kentucky real estateFor your convenience, here are the Shelby County and Shelbyville Kentucky real estate transfers for week ending 12-14-2007:

Michael Allen & Cheryl Allen – to Eric Jenkins & Allison Jenkins – Lot 205 Persimmon Ridge phase IX – $450000

Paul Willard estate administrator – to Katina Sheppard – lot 14 Simpsonville Gardens #3 – $153000

PH Real Estate Inc – to Troy Freeman & Mary Freeman – lot 4 The Reserves at Todds Station – $37450

National Residential Nominee Services Inc – to Ashlea Christiansen & Carl Christiansen – lot 36 Todds Station subdivision phase 1 – $162000

Frank Wiecek – to William Cain & Betty Gilbert-Cain – lots of Tower Heights Subdivision – $155000

Timothy McGee – to Amy Measle & Debra Newton –…

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Proposed Oldham County KY and Shelby County Kentucky Airport

Thursday, September 1st, 2011 at 5:01pm. 2953 Views, 0 Comments.

proposed oldham county ky and shelby county kentucky airportThere are currently 3 sites being considered for a possible airport to be put in either Oldham County and/or Shelby County Kentucky.  The proposed sites would encompass approximately 250 acres with estimation of costs in the $20 million range.

Most residents in the areas feel that an airport isn’t needed given the proximity to other major airports including in Louisville Kentucky, Lexington KY, and northern Kentucky in Covington / Cincinnati.

Bowman field in Louisville KY is approximately 30 minutes away from the proposed sites.

Current estimates for air traffic for the proposed airport is over 100 plans arriving/departing per day.  But there would not be a control tower or air traffic controller handling and managing the incoming/departing…

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2007 Annual Meeting for Shelby Development Foundation

Thursday, September 1st, 2011 at 4:56pm. 807 Views, 0 Comments.

annual meeting for shelby development foundationThe Shelbyville Kentucky newspaper The Sentinel-News reported about the annual meeeting for the Shelby Development Foundation that was held on 11/29/07 in Shelbyville Kentucky.  This organization is dedicated to preserving and restoring historically significant homes and buildings.

Some of the many accomplishments that were noted for 2007, were as follows:

Acquisition of real estate at 1028 Main Street – money to purchase the home was made by donations as well as loans from Citzens Union Bank (CUB Bank), Commwealth Bank & Trust, and American Founders Bank.

The home was having some foundation issues – and experts were brought in to address those problems with the home.  Additional problems found upon purchasing included numerous water…

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United States Real Estate Market affects Job Hiring

Thursday, September 1st, 2011 at 4:51pm. 1001 Views, 0 Comments.

united states real estate market affects job hiringAccording to the most report from Washington D.C., the United States real estate market had a negative impact on job hiring for the past month of November 2007.

Many construction companies fired employees in an effort to reduce costs during this slower real estate market.  Mortgage companies, real estate companies, and banks followed suit.

Still, unemployment overall remains at 4.7%.  Kentucky’s unemployment rate was 5.6%.

There were modest employment gains overall – primarily as a result of the services industry.

These modest job gains will likely stimulate the Federal Reserve to make interest rate cuts to help ensure that the economy remains moving forward.

Some more detailed information is as follows:

Non-farms payroll increased…

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Simpsonville Kentucky annexes interchange on I-64

Thursday, September 1st, 2011 at 4:45pm. 639 Views, 0 Comments.

simpsonville kentucky annexes interchange on i-64The annexation of approximately 42 acres located at the I-64 expressway interchange in Simpsonville Kentucky, was approved unanimously by the Simpsonville commission.

Approximately 40 persons showed up for the vote – again airing concerns about Redline Properties whom owns approximately 7 of the 42 acres – and their desire to NOT see them place heavy equipment or anything of the like on the property.

Redline Properties filed a request for zoning, and was denied previously in their requests with the Triple S Planning and Zoning Commission.  Many residents in Simpsonville KY feel that potentially, that if Simpsonville annexed this property, that Redline would then be able to bypass or overturn the earlier ruling of the commission – because they…

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Unemployment Rate Increases for 94 Counties in Kentucky

Thursday, September 1st, 2011 at 4:38pm. 931 Views, 0 Comments.

unemployment rate increases for 94 counties in kentuckyWithin the past year (October 2006 through October 2007), the unemployment rate has increased for 94 Counties in Kentucky.

Only 18 Counties in Kentucky saw the rate decrease – while 8 Counties made no change within the past 12 months.

The dubious highest unemployment rate honor goes to:

Jackson County @ 10.2%

The 2 lowest Counties were:

Fayette County and Warren County @ 3.7%

It is important to note that these numbers represent a trend for employment, rather than noting how many persons may actually be working. Persons that are not currently seeking employment over the course of the past month are not included in these figures.

Various reasons can be attributed to the increase – including a softening economy and real estate…

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