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    Property profile & analytics

    408 7th St Lexington, KY 40508-3194

    • Residential income homes
    • 1,411 SF
    • 0.08 lot acres
    OFF-MARKET
    Value Estimation
    $160,000
    Last Sale
    Apr 28, 2022
    $145,000
    Location Intelligence
    Property ID
    US34-0448874
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 408 7th St

    Year built
    1958
    Lot size
    0.08 lot acres
    Property size
    1,411 SF
    Zone code
    R-3
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    13314200
    APU
    13314200

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Fayette
    State
    Kentucky
    Longitude
    -84.479
    Latitude
    38.0505
    CBSA code
    30460
    CBSA name
    LEXINGTON-FAYETTE, KY METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $1,793
    $0.00
    $0.00
    $145,000
    -
    $0.00
    $0.00
    $145,000

    Comparable in this City

    • Value Estimation by Request
      1,924 SF

      126 Hagerman Ct

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,924 SF
      126 Hagerman Ct, Lexington, KY 40508-2674
      View Details
    • Value Estimation by Request
      1,613 SF

      122 Hagerman Ct

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,613 SF
      122 Hagerman Ct, Lexington, KY 40508-2662
      View Details
    • Value Estimation by Request
      1,795 SF

      109 Hagerman Ct

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,795 SF
      109 Hagerman Ct, Lexington, KY 40508-2677
      View Details
    • Value Estimation by Request
      2,327 SF

      718 Hambrick Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,327 SF
      718 Hambrick Ave, Lexington, KY 40508-2327
      View Details
    • Value Estimation by Request
      1,820 SF

      106 112th W 7th St

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,820 SF
      106 112th W 7th St, Lexington, KY 40508
      View Details
    • Value Estimation by Request
      3,320 SF

      363 Chestnut St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,320 SF
      363 Chestnut St, Lexington, KY 40508-3191
      View Details

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    408 7th St
    Lexington, KY 40508-3194
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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