Simpsonville KY

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Shelbyville KY Real Estate Transfers week ending 1-4-2008

Friday, September 2nd, 2011 at 11:50am. 1460 Views, 0 Comments.

shelbyville ky real estate transfers week endingFor your convenience, the following are the Shelbyville KY real estate transfers for week ending January 4, 2008 as reported by the Shelbyville Kentucky newspaper The Sentinel-News:

Fremont Investment & Loan through Countrywide Homes Inc and heirs of Bruce Casteel – to HSBC BankUSA – lot 55 Cloverbrook Farms phase 1 section 1 – $1

Deutsche Bank, Franchella Gray, Ireesha Gray – to Deutsche Bank – lot 137 Cloverbrook Farms phase 1 section 1 – $1

MAC Mortgage, Marcus Deane – to GMAC Mortgage – lot 9 Rolling Ridge Subdivision phase 1 – $1

Citimortgage Inc., Bonita Ashby, Benjamin Ashby – to Citimortgage Inc – lot 35 Glenview Estates – $1

Randall & Anya Carnes – to R. L. & Judy Turner – tract 3 High Field –…

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Home Prices Decrease Across United States

Friday, September 2nd, 2011 at 11:44am. 3695 Views, 0 Comments.

home price decrease across united statesSingle family home prices decreased across the United States for the first time since 1994 according to a recent report prepared by Global Insight & National City Corp.

The drop came in the 3rd quarter of 2007 when the median value of a home in the United States decreased by approximately 1%.  Approximately half of all metropolitan areas saw a decline.

This is an interesting point to note – because until this most recent study, the stronger real estate markets in the US have helped buoy up the other markets that were bringing the overall numbers down.  This is an indication that the other markets that have been fairing well even in a softer real estate market, may be slowing down and are not able to carry the rest of the other markets across the…

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Foreclosed Real Estate decreases by 10 percent in the United States

Friday, September 2nd, 2011 at 11:34am. 1602 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. 3114 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. 961 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. 1533 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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2007 Annual Meeting for Shelby Development Foundation

Thursday, September 1st, 2011 at 4:56pm. 806 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. 1000 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. 638 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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Simpsonville Kentucky Annexation of Land near I-64

Thursday, September 1st, 2011 at 3:51pm. 742 Views, 0 Comments.

simpsonville kentucky annexation of land near i-64The Shelbyville Kentucky newspaper, The Sentinel-News had an article today about the Simpsonville Kentucky annexation of land near I-64.  It is apparently drawing out protesters and critics – and the mayor of Simpsonville KY Steve Eden is firing back.

The mayor states that the entire Simponsville City Commission desires for heavy vehicles and equipment to be on the property – and that he only desires to see businesses that would benefit a traveling public.

But, this hasn’t satisfied many persons.  Protesters have been passing out flyers and organizing a protest for the vote on Wednesday.  They are under the opinion that some sort of agreement has been made without the public’s knowledge or consent with Redline Properties (the current owner…

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