This handle designates a particular property positioned throughout the Eagle Creek neighborhood of Lexington, Kentucky. It signifies a selected location inside a broader geographic context, doubtlessly referencing a residential, business, or different kind of property.
Understanding a exact location is essential for numerous functions, together with property transactions, service supply, navigation, and emergency response. A clearly outlined handle permits for environment friendly communication and useful resource allocation. Within the context of actual property, the particular handle represents a novel parcel of land with its personal historical past of possession, improvement, and worth.
This location inside Lexington affords entry to town’s facilities, infrastructure, and neighborhood sources. Additional exploration may contain analyzing property values within the space, inspecting the historical past of the Eagle Creek neighborhood, or researching native faculties and companies.
1. Location
Location considerably impacts a property’s worth and desirability. For a property just like the one at 160 North Eagle Creek Drive, Lexington, KY, understanding its location throughout the broader context of Lexington and the particular Eagle Creek neighborhood supplies essential insights.
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Geographic Coordinates
Exact latitude and longitude coordinates pinpoint the property’s actual place on Earth. These coordinates are important for mapping, navigation, and geographic data techniques. They supply an unambiguous and universally understood reference level.
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Neighborhood Context
The Eagle Creek neighborhood possible possesses distinct traits that affect property values and resident existence. Elements equivalent to neighborhood demographics, crime charges, college districts, and proximity to facilities contribute to the general notion and desirability of the world.
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Accessibility and Transportation
Entry to main roadways, public transportation, and airports impacts comfort and commute instances. Evaluating transportation choices and proximity to employment facilities and different key locations contributes to a complete understanding of the placement’s practicality.
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Proximity to Facilities
Close by facilities equivalent to buying facilities, eating places, parks, and healthcare services contribute to high quality of life. Analyzing the gap to those facilities and their availability supplies insights into the comfort and desirability of the placement.
These location-based elements contribute considerably to the general evaluation of a property. By understanding the interaction of geographic coordinates, neighborhood traits, accessibility, and proximity to facilities, one good points a extra complete understanding of the importance of the property’s location at 160 North Eagle Creek Drive in Lexington, KY.
2. Property Particulars
Property particulars represent important data for figuring out and evaluating a particular piece of actual property. For a property positioned at 160 North Eagle Creek Drive, Lexington, KY, these particulars present a complete profile, influencing its market worth, suitability for particular functions, and general desirability. Particulars embody bodily attributes, authorized descriptions, and historic information.
Bodily attributes embody the scale of the lot, sq. footage of the constructing, variety of bedrooms and bogs, architectural fashion, and the presence of any distinctive options like a swimming pool or fire. These particulars instantly affect the property’s performance and enchantment to potential patrons or renters. For instance, a bigger lot dimension is likely to be enticing to households, whereas a particular architectural fashion may enchantment to these with explicit aesthetic preferences. The situation of the property, together with the age of the roof or the effectivity of the HVAC system, additional contributes to its general worth and potential upkeep prices.
Authorized descriptions present exact boundaries and possession data, making certain clear identification and stopping disputes. These descriptions are sometimes recorded in official paperwork and are essential for property transactions. Historic information, together with previous possession, gross sales costs, and any liens or easements, provide invaluable context. Understanding the property’s historical past can reveal potential points or alternatives, contributing to a extra knowledgeable evaluation. As an illustration, earlier renovations or additions would possibly have an effect on the property’s present worth and structure. Entry to those particulars is crucial for conducting due diligence and making knowledgeable selections concerning the property at 160 North Eagle Creek Drive, Lexington, KY.
3. Neighborhood
Neighborhood context considerably influences the character and worth of a property. For 160 North Eagle Creek Drive, understanding the Eagle Creek neighborhood supplies essential insights. A neighborhood’s traits, together with its demographics, socioeconomic profile, facilities, and general environment, instantly affect the desirability and market worth of properties inside its boundaries. Eagle Creek’s particular attributes contribute to the perceived worth and potential of this explicit handle. For instance, a neighborhood identified for its glorious faculties possible will increase the desirability of residences inside it, doubtlessly impacting property values. Equally, the presence of parks, leisure services, and a low crime charge can improve a neighborhood’s enchantment.
The connection between a property and its neighborhood operates on a number of ranges. Proximity to facilities throughout the neighborhood, equivalent to buying facilities or eating places, impacts comfort and way of life. The standard of native faculties influences household selections concerning residential selections. Moreover, the general aesthetic and maintenance of the neighborhood contribute to its perceived worth. A well-maintained neighborhood with enticing landscaping and a way of neighborhood delight can improve property values in comparison with a neighborhood missing these qualities. Conversely, elements like excessive crime charges or proximity to industrial areas can negatively affect property values. Understanding these dynamics supplies invaluable insights for evaluating the particular property at 160 North Eagle Creek Drive throughout the bigger context of the Eagle Creek neighborhood.
In abstract, analyzing the neighborhood supplies essential context for understanding the worth and potential of a property. Elements like demographics, facilities, college high quality, and general environment contribute to the desirability of a location. Evaluating these neighborhood-specific traits is crucial for assessing the property at 160 North Eagle Creek Drive, Lexington, KY. This evaluation permits for a complete understanding that goes past the bodily attributes of the property itself, encompassing the broader setting and its affect on market worth and way of life.
4. Market Worth
Market worth represents the estimated worth a property would command in a aggressive and open market below regular sale situations. For 160 North Eagle Creek Drive, Lexington, KY, figuring out market worth includes analyzing numerous elements, together with property-specific options, latest gross sales of comparable properties, and prevailing market traits. This valuation is essential for transactions, financing, and funding selections.
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Comparable Gross sales Evaluation
Inspecting latest gross sales of comparable properties within the Eagle Creek neighborhood and surrounding areas supplies a benchmark for evaluating market worth. Elements like sq. footage, lot dimension, age, situation, and options are in comparison with decide an affordable worth vary. Changes are made to account for variations between the topic property and the comparable gross sales.
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Property Situation and Options
The property’s bodily situation, together with its age, updates, and general upkeep, considerably influences its market worth. Fascinating options, equivalent to a renovated kitchen, up to date bogs, or a completed basement, can improve worth, whereas deferred upkeep or outdated options can lower it.
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Native Market Situations
Prevailing market traits in Lexington, KY, together with provide and demand dynamics, rates of interest, and financial situations, play a major function in figuring out market worth. A robust vendor’s market with restricted stock can drive costs up, whereas a purchaser’s market with extra stock can exert downward strain on costs.
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Location and Neighborhood Influences
The property’s location throughout the Eagle Creek neighborhood and its proximity to facilities, faculties, and transportation contribute to its market worth. Fascinating areas inside sought-after neighborhoods command greater costs than comparable properties in much less fascinating areas.
Synthesizing these elements supplies a complete evaluation of market worth for 160 North Eagle Creek Drive. This valuation considers each property-specific attributes and exterior market influences, providing a practical estimate of its potential promoting worth below present market situations. This data is crucial for patrons, sellers, and traders concerned in actual property transactions.
5. Accessibility
Accessibility, regarding a particular property like 160 North Eagle Creek Drive, Lexington, KY, encompasses ease of entry to the property itself and its proximity to important providers, transportation networks, and factors of curiosity. Evaluating accessibility supplies insights into the property’s comfort and suitability for numerous wants.
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Transportation Networks
Proximity to main roadways, public transportation choices, and the airport influences commute instances, journey comfort, and general connectivity. Environment friendly transportation networks improve entry to employment facilities, buying districts, and different important locations. The supply of public transportation will be notably vital for residents with out private automobiles. As an illustration, easy accessibility to Interstate 75 or Interstate 64 would considerably affect commuting time to and from downtown Lexington or surrounding areas. Equally, proximity to bus routes or ride-sharing providers enhances accessibility for residents reliant on public transport.
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Proximity to Facilities
Accessibility encompasses the benefit with which residents can attain important facilities, together with grocery shops, healthcare services, faculties, and leisure areas. Proximity to those providers contributes to high quality of life and reduces the effort and time required for every day errands. For instance, a close-by grocery retailer simplifies buying, whereas readily accessible healthcare services present essential medical providers. The gap to varsities influences household selections and every day routines.
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Accessibility Throughout the Property
Accessibility additionally refers back to the ease of motion throughout the property itself. This consists of concerns for people with disabilities, equivalent to wheelchair ramps, accessible entrances, and tailored bogs. Options like elevators in multi-story buildings or single-story layouts can improve accessibility for individuals with mobility limitations. These options broaden the property’s enchantment and guarantee inclusivity for a wider vary of potential occupants.
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Connectivity and Infrastructure
Dependable utilities, together with water, electrical energy, fuel, and web entry, are elementary elements of accessibility. The supply of high-speed web is more and more essential for distant work, schooling, and communication. Moreover, mobile community protection ensures seamless communication and entry to emergency providers. These infrastructure parts contribute to the general performance and comfort of the property.
These sides of accessibility collectively contribute to the general desirability and practicality of a property. Evaluating accessibility for 160 North Eagle Creek Drive, Lexington, KY, supplies invaluable insights for potential residents or traders. Understanding the benefit of entry to transportation, facilities, and the property itself, together with the reliability of important infrastructure, permits for a complete evaluation of its suitability and long-term worth.
6. Close by Facilities
Proximity to facilities considerably impacts the desirability and worth of a property equivalent to one positioned at 160 North Eagle Creek Drive, Lexington, KY. Facilities embody numerous providers and sources that improve high quality of life and comfort. Entry to important providers like grocery shops, healthcare services, and academic establishments contributes to every day comfort and reduces commute instances. Retail choices, eating places, and leisure venues provide leisure and social alternatives. The presence and accessibility of those facilities affect property values, attracting residents searching for particular way of life benefits.
For instance, households with younger kids prioritize proximity to high quality faculties and parks. Professionals worth entry to dependable transportation networks and enterprise facilities. Retirees would possibly search close by healthcare services and leisure alternatives. The supply of particular facilities caters to various wants and preferences. A property’s worth will increase when located close to facilities wanted by its goal demographic. As an illustration, a property close to high-performing faculties would possibly command a premium worth in comparison with an identical property in an space with much less fascinating academic choices. Equally, proximity to parks and inexperienced areas enhances high quality of life and may positively affect property values.
Understanding the interaction between close by facilities and property values supplies invaluable insights for each owners and traders. Analyzing the provision and accessibility of facilities contributes to knowledgeable decision-making concerning actual property investments. Evaluating the gap to important providers and desired way of life choices empowers people to pick properties aligned with their particular wants and preferences. This understanding additionally highlights the significance of neighborhood planning and improvement in shaping the desirability and worth of residential areas. The strategic placement and improvement of facilities can considerably improve the attractiveness of a neighborhood, benefiting each residents and property homeowners. Subsequently, evaluating close by facilities performs an important function in assessing the general enchantment and funding potential of a property such because the one positioned on the specified handle.
7. Zoning Rules
Zoning rules govern land use and improvement inside a particular jurisdiction. These rules dictate permissible actions, constructing varieties, and improvement requirements for particular person parcels. For a property just like the one at 160 North Eagle Creek Drive, Lexington, KY, understanding relevant zoning rules is essential for figuring out allowable makes use of, potential improvement limitations, and compliance with native ordinances. Zoning designations, equivalent to residential, business, or industrial, dictate permitted actions on the property. As an illustration, a property zoned for residential use can’t be used for business functions with out acquiring the required permits and variances. Constructing codes and improvement requirements, usually built-in inside zoning rules, specify development necessities, setbacks, top restrictions, and different improvement parameters. These rules guarantee security, keep neighborhood character, and handle progress.
Zoning rules affect property worth and potential. A property’s zoning designation instantly influences its market worth and potential makes use of. For instance, a property zoned for business use in a high traffic space could have considerably greater worth than a equally sized property zoned for residential use in a much less fascinating location. Restrictions on constructing dimension or density can affect improvement potential. Understanding these rules is essential for property homeowners, builders, and traders. Non-compliance with zoning rules may end up in fines, authorized motion, and limitations on property use. As an illustration, setting up a constructing that exceeds top restrictions or encroaches on required setbacks can result in penalties and mandated modifications. Subsequently, due diligence concerning zoning rules is crucial earlier than buying, creating, or modifying a property.
In abstract, zoning rules play a important function in shaping land use and improvement. For a property positioned at 160 North Eagle Creek Drive, Lexington, KY, understanding the relevant zoning rules supplies important details about permitted makes use of, improvement restrictions, and compliance necessities. This data is essential for property homeowners, builders, and traders to make knowledgeable selections and guarantee adherence to native ordinances. Zoning rules, by managing improvement and influencing property values, contribute considerably to the character and sustainability of communities.
8. Neighborhood Options
Neighborhood options considerably affect the desirability and worth of a property, notably in residential areas. For a property positioned at 160 North Eagle Creek Drive, Lexington, KY, understanding the encompassing neighborhood’s traits supplies invaluable context. These options embody shared sources, social infrastructure, and neighborhood dynamics that form residents’ high quality of life and affect property values.
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Social Infrastructure
Social infrastructure encompasses neighborhood organizations, social teams, and alternatives for interplay amongst residents. Lively neighborhood associations, neighborhood occasions, and accessible gathering areas foster a way of belonging and contribute to social well-being. The presence of a vibrant social infrastructure can improve property values by making a fascinating residing setting. Within the context of 160 North Eagle Creek Drive, the energy of the native social infrastructure contributes to the general enchantment of the property and its surrounding neighborhood.
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Shared Facilities and Assets
Shared facilities, equivalent to parks, swimming swimming pools, playgrounds, and neighborhood facilities, present leisure alternatives and improve residents’ high quality of life. These sources contribute to a way of neighborhood and provide areas for social interplay and bodily exercise. Entry to well-maintained shared facilities can improve property values and entice residents searching for particular way of life benefits. For 160 North Eagle Creek Drive, the provision and high quality of shared facilities throughout the Eagle Creek neighborhood instantly affect the property’s desirability and potential market worth.
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Neighborhood Security and Safety
Security and safety are paramount considerations for residents. Low crime charges, efficient neighborhood watch applications, and well-lit streets contribute to a way of safety and peace of thoughts. Neighborhoods perceived as protected and safe are inclined to command greater property values than these with security considerations. For the property at 160 North Eagle Creek Drive, the extent of security and safety throughout the Eagle Creek neighborhood is a important issue influencing its desirability and market enchantment.
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Neighborhood Aesthetics and Repairs
The general aesthetic enchantment and maintenance of a neighborhood affect property values. Effectively-maintained landscaping, clear streets, and architectural consistency create a optimistic visible impression and improve the neighborhood’s desirability. A visually interesting and well-kept neighborhood can positively affect property values, attracting patrons searching for a nice and aesthetically pleasing setting. For the property at 160 North Eagle Creek Drive, the aesthetic high quality and maintenance of the Eagle Creek neighborhood contribute to its general enchantment and market worth.
These neighborhood options contribute considerably to the general desirability and worth of a property. For 160 North Eagle Creek Drive, Lexington, KY, the standard of those options throughout the Eagle Creek neighborhood performs an important function in its market enchantment. Analyzing these options supplies invaluable insights for potential patrons and traders searching for to know the broader context of the property’s location and its surrounding neighborhood. These parts contribute to the general evaluation of a property, encompassing not solely its bodily attributes but in addition the intangible qualities that make a neighborhood a fascinating place to dwell.
9. Tax Evaluation
Tax evaluation, regarding a particular property like 160 North Eagle Creek Drive, Lexington, KY, refers back to the valuation course of carried out by native authorities to find out the property’s taxable worth. This assessed worth serves as the premise for calculating property taxes, a major income for native governments. The evaluation course of sometimes includes evaluating numerous elements, together with the property’s traits, latest gross sales of comparable properties, and prevailing market situations. The assessed worth could not at all times align completely with the property’s market worth, as decided by actual property value determinations or market analyses. Discrepancies can come up attributable to variations in valuation methodologies or timing variations between assessments and market fluctuations.
The tax evaluation of 160 North Eagle Creek Drive instantly impacts the annual property tax legal responsibility for the proprietor. Property taxes fund important native providers, together with faculties, infrastructure upkeep, and public security. Understanding the tax evaluation course of and its implications is essential for property homeowners. Challenges can come up if the assessed worth is perceived as inaccurate or unfairly excessive. Property homeowners sometimes have the best to enchantment assessments they consider are incorrect, initiating a course of that will contain presenting proof to help their case. The result of such appeals can considerably have an effect on the property proprietor’s tax burden. For instance, a profitable enchantment leading to a decrease assessed worth reduces the annual property tax owed. Conversely, an unsuccessful enchantment maintains the unique assessed worth and corresponding tax legal responsibility.
In abstract, tax evaluation constitutes a important element of property possession. For 160 North Eagle Creek Drive, Lexington, KY, the tax evaluation instantly influences the monetary obligations related to proudly owning the property. Understanding this course of, together with the elements influencing assessed worth and the potential for appeals, empowers property homeowners to handle their tax liabilities successfully. Tax assessments, by offering a income stream for native governments, play an important function in supporting neighborhood providers and infrastructure.
Often Requested Questions
This part addresses frequent inquiries concerning properties positioned at addresses like 160 North Eagle Creek Drive, Lexington, KY, offering concise and informative responses.
Query 1: How is market worth decided for a particular property?
Market worth is usually estimated by means of comparable gross sales evaluation, contemplating latest gross sales of comparable properties within the space. Changes are made for variations in options, situation, and site. Prevailing market situations, together with provide and demand dynamics, additionally affect valuations.
Query 2: What’s the significance of zoning rules?
Zoning rules dictate permitted land makes use of and improvement requirements. These rules affect property worth by defining allowable actions and potential improvement restrictions. Compliance with zoning ordinances is crucial for property homeowners and builders.
Query 3: How do close by facilities affect property values?
Proximity to fascinating facilities, equivalent to faculties, parks, buying facilities, and healthcare services, enhances a property’s enchantment and may positively affect its market worth. Entry to those facilities contributes to comfort and high quality of life.
Query 4: What’s the function of a tax evaluation?
Tax assessments decide the taxable worth of a property, which serves as the premise for calculating property taxes. This valuation course of considers property traits, comparable gross sales knowledge, and market situations. Property taxes fund native providers and infrastructure.
Query 5: How does neighborhood context affect property values?
Neighborhood traits, together with demographics, college high quality, crime charges, and general aesthetics, affect property values. Fascinating neighborhoods with robust neighborhood options are inclined to command greater costs.
Query 6: What are the important thing concerns concerning accessibility?
Accessibility encompasses ease of entry to transportation networks, important providers, and the property itself. Proximity to main roadways, public transportation, and facilities enhances comfort and impacts property desirability.
Understanding these elements contributes to a complete evaluation of properties inside particular areas. Additional analysis and session with native specialists can present further insights tailor-made to particular person circumstances.
This FAQ part affords a preliminary understanding of key elements influencing property possession. Extra detailed data particular to 160 North Eagle Creek Drive, Lexington, KY, will be obtained by means of additional analysis or session with native actual property professionals. The following part will discover further elements related to property evaluation and valuation.
Ideas for Researching a Property
Thorough analysis is crucial when evaluating a property. The next ideas provide steering for gathering data and conducting due diligence, relevant to any property, together with one positioned at an handle like 160 North Eagle Creek Drive, Lexington, KY.
Tip 1: Make the most of On-line Assets: Leverage on-line actual property platforms, property search web sites, and native authorities sources to assemble knowledge on property particulars, latest gross sales, tax assessments, and zoning data. These sources present invaluable preliminary insights.
Tip 2: Seek the advice of Native Consultants: Interact actual property brokers, appraisers, and property inspectors acquainted with the native market. Their experience supplies invaluable views on market traits, property valuations, and potential points.
Tip 3: Analyze Neighborhood Dynamics: Analysis neighborhood demographics, crime charges, college high quality, and neighborhood options. Understanding the neighborhood context supplies essential insights right into a property’s desirability and potential worth.
Tip 4: Assessment Property Historical past: Study historic information, together with previous possession, gross sales costs, and any liens or easements. Understanding a property’s historical past can reveal potential points or alternatives.
Tip 5: Assess Accessibility and Infrastructure: Consider transportation networks, proximity to facilities, and the reliability of utilities and web entry. Accessibility impacts comfort and high quality of life.
Tip 6: Think about Zoning Rules: Analysis relevant zoning rules to know permitted land makes use of and improvement restrictions. Compliance with zoning ordinances is essential for property homeowners and builders.
Tip 7: Consider Market Situations: Analyze prevailing market traits, together with provide and demand dynamics, rates of interest, and financial situations. Market situations affect property valuations and funding selections.
Diligent analysis, incorporating the following pointers, empowers knowledgeable decision-making in actual property. Understanding these elements contributes to a complete evaluation of a property’s potential and suitability for particular wants.
By following the following pointers, people can achieve a radical understanding of a property and its surrounding context. This data empowers knowledgeable selections concerning actual property transactions and long-term investments. The next conclusion will synthesize key insights and provide closing suggestions.
Conclusion
Evaluation of the property positioned at 160 North Eagle Creek Drive, Lexington, KY, necessitates a complete analysis encompassing numerous elements. Location throughout the Eagle Creek neighborhood, property-specific particulars, market worth, accessibility, close by facilities, zoning rules, neighborhood options, and tax assessments contribute considerably to a radical understanding. Every ingredient performs an important function in figuring out the property’s suitability for particular wants, its potential funding worth, and its general desirability. Understanding the interaction of those elements supplies a holistic perspective, enabling knowledgeable decision-making.
Additional analysis, together with session with native actual property professionals and an in depth examination of public information, is really helpful for these searching for a deeper understanding. Due diligence concerning property specifics, market dynamics, and regulatory compliance is essential for profitable actual property transactions. The insights offered herein function a basis for continued exploration, empowering people to navigate the complexities of property evaluation and make knowledgeable selections aligned with particular person targets.
