The designated string represents a specific physical location. It combines a numerical identifier, a descriptive element, a roadway designation, a municipality, a state abbreviation, and a postal code. This structured format is universally employed for precise geographic referencing.
Such location identifiers facilitate efficient navigation, accurate delivery services, and precise record-keeping. Their use is crucial for emergency response, property assessment, and demographic analysis. Standardized address formats ensure clarity and reduce ambiguity in locating properties.
The following sections will delve into the characteristics of properties within the specified locale, examining factors such as property values, local amenities, and community demographics.
1. Specific Address Identification
Specific address identification provides a unique and unambiguous reference point for a physical location. In the context of 672 Blue Sky Parkway, Lexington, KY 40509, this identification system is crucial for precise location referencing, navigation, and a multitude of administrative and logistical functions.
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Uniqueness and Standardization
The address “672 Blue Sky Parkway, Lexington, KY 40509” serves as a singular identifier within a standardized addressing system. This standardization ensures that different entities, such as postal services, emergency responders, and delivery companies, can accurately locate the intended property. The uniqueness of the address prevents confusion with other properties in the region or country.
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Components and Hierarchy
The address is composed of several essential components, each contributing to its specificity. The house number (672) designates a particular structure along Blue Sky Parkway. The street name (Blue Sky Parkway) identifies the roadway. The city (Lexington) and state (KY) provide broader geographic context. The ZIP code (40509) further refines the location, facilitating efficient mail sorting and delivery. These elements form a hierarchical structure, allowing for progressively more precise identification.
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Database Integration and Geocoding
Specific address identification enables integration with geographical databases and geocoding systems. These systems can convert the address into geographic coordinates (latitude and longitude), allowing the location to be mapped and analyzed spatially. Geocoding is essential for navigation applications, location-based services, and geographic information systems (GIS) analysis.
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Legal and Administrative Significance
Addresses such as 672 Blue Sky Parkway, Lexington, KY 40509 hold legal and administrative significance. They are used in property records, tax assessments, voting registration, and other official documents. The accuracy and consistency of address information are critical for ensuring the integrity of these systems and preventing errors or disputes.
The specific address identification of 672 Blue Sky Parkway, Lexington, KY 40509, is therefore more than just a label; it’s a structured, standardized system that underpins various critical functions and services. Its role in facilitating accurate location referencing is fundamental to modern society, impacting everything from emergency response to real estate transactions.
2. Lexington, Kentucky locale
The city of Lexington, Kentucky, serves as a crucial contextual element within the complete address “672 Blue Sky Parkway, Lexington, KY 40509.” Without this geographic specification, the numerical designation and street name lack precise meaning. The locale establishes the property’s position within a defined geopolitical entity, subject to the specific laws, regulations, and services provided by Lexington-Fayette Urban County Government.
The importance of Lexington as a component becomes evident when considering essential services. For example, emergency services dispatch relies upon knowledge of the locality to route responders to the correct address. Property taxes are levied based on Lexington’s assessment rates. Utility services, such as water and electricity, are provided and maintained by local utility companies operating within the Lexington service area. The validity and processing of legal documents, such as property deeds, are also contingent upon this locality.
Therefore, “Lexington, Kentucky,” is not merely a geographic identifier but an integral part of the address, determining the applicable legal framework, municipal services, and tax obligations associated with the property. The inclusion of this locality ensures that the address can be accurately interpreted and utilized within relevant administrative and service-oriented systems. Disregarding or misrepresenting the Lexington locale renders the address incomplete and potentially unusable for practical purposes.
3. Geographic coordinates
Geographic coordinates provide a precise and unambiguous method for locating “672 blue sky pkwy lexington ky 40509” on the Earth’s surface. These coordinates represent the intersection of latitude and longitude lines, creating a unique point that corresponds to the physical address.
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Latitude and North-South Positioning
Latitude measures the angular distance, in degrees, minutes, and seconds, of a point north or south of the Equator. At 672 Blue Sky Parkway, the latitude value specifies its location relative to the Equator. This is critical for climate assessment, sunlight exposure calculations, and positioning relative to other locations on a North-South axis. For example, it influences solar panel orientation, gardening seasons, and heating requirements for the property.
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Longitude and East-West Positioning
Longitude measures the angular distance, in degrees, minutes, and seconds, of a point east or west of the Prime Meridian. The longitude value for 672 Blue Sky Parkway determines its position on an East-West axis. This factor is vital for time zone determination and calculating distances to other global locations. Knowing the longitude is essential for logistical planning, international communication, and assessing time differences in relation to other locations.
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Geospatial Data Integration
Geographic coordinates allow the address to be integrated into geospatial data systems, such as Geographic Information Systems (GIS). GIS platforms use latitude and longitude to map, analyze, and visualize spatial data. This allows the property to be overlaid with other datasets, such as zoning maps, environmental surveys, demographic information, and utility infrastructure. This integration facilitates advanced spatial analysis for urban planning, resource management, and emergency response planning.
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Navigation and Location-Based Services
Navigation systems and location-based services rely on geographic coordinates to guide users to specific addresses. When “672 blue sky pkwy lexington ky 40509” is entered into a GPS device or mapping application, the system converts the address into its corresponding latitude and longitude. The navigation system then uses these coordinates to calculate the optimal route to the destination. This capability is essential for delivery services, emergency responders, and individuals seeking to locate the property.
In summary, geographic coordinates provide a foundational reference point for understanding the precise location of 672 Blue Sky Parkway, Lexington, KY 40509. Their application extends across various domains, including mapping, navigation, data analysis, and emergency response. They also guarantee a shared understanding of the location, irrespective of local place naming practices.
4. Residential property type
The classification of “672 blue sky pkwy lexington ky 40509” as a residential property type is a fundamental determinant of its legal status, usage restrictions, valuation, and suitability for specific purposes. This designation dictates the permissible activities within the property and influences its market value, insurance rates, and property tax assessments.
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Single-Family Dwelling Implications
If classified as a single-family dwelling, 672 Blue Sky Parkway is primarily intended for occupancy by one family unit. This designation typically restricts uses such as commercial operations, multi-family occupancy, or intensive agricultural activities. Zoning regulations associated with single-family dwellings often prescribe minimum lot sizes, setback requirements, and limitations on building height and density. These regulations aim to maintain the character and quality of residential neighborhoods. Examples of consequences of not adhering to these implications involve legal action or property value depreciation.
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Multi-Family Dwelling Considerations
Alternatively, if classified as a multi-family dwelling (though less probable given the address), 672 Blue Sky Parkway would be subject to different regulatory frameworks. Multi-family dwellings accommodate multiple independent living units within a single building or on a single property. Zoning regulations for multi-family properties typically address density, parking requirements, and noise levels to mitigate potential impacts on surrounding areas. The designation as multi-family would alter the property’s valuation due to its capacity to generate rental income and its potential for higher maintenance costs.
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Impact on Valuation and Taxation
The residential property type directly impacts the assessed value and subsequent taxation of 672 Blue Sky Parkway. Single-family homes are generally valued based on comparable sales in the area, considering factors like square footage, lot size, and amenities. Multi-family properties are often valued based on their income-generating potential, using metrics such as capitalization rates and net operating income. The local taxing authority uses the assessed value to calculate property taxes, which fund municipal services and infrastructure.
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Insurance and Liability Considerations
The residential property type also influences insurance coverage and liability considerations. Homeowners’ insurance policies for single-family homes typically cover damages from fire, wind, water, and other perils, as well as liability coverage for injuries occurring on the property. Insurance for multi-family properties includes similar coverage, but also addresses potential risks associated with multiple tenants, such as increased liability exposure and the potential for property damage caused by tenants. The classification as a residential property type necessitates adherence to building codes and safety standards to minimize risks and maintain insurability.
In summary, the residential property type designation is a critical factor in determining the legal, financial, and practical aspects of 672 Blue Sky Parkway, Lexington, KY 40509. It influences zoning regulations, valuation, taxation, insurance, and permissible uses of the property, highlighting the importance of accurate classification and compliance with applicable regulations. This accurate classification ensures the property is managed appropriately and aligns with the expectations of the surrounding community.
5. Real estate market value
The real estate market value of “672 blue sky pkwy lexington ky 40509” is a critical component influencing its financial significance and practical utility. This value, an estimated price the property would fetch in a competitive and open market, is not a static figure. It fluctuates in response to numerous factors, including prevailing economic conditions, local market trends, interest rates, and specific property characteristics.
Property characteristics directly influence market value. Size, condition, architectural style, and the presence of desirable amenities (e.g., updated kitchens, landscaped yards) all contribute positively. The location within Lexington, Kentucky, also plays a crucial role. Proximity to schools, parks, commercial centers, and major transportation routes affects desirability and, consequently, value. Local zoning regulations, crime rates, and overall neighborhood appeal exert further influence. For instance, a similar property located in a less desirable neighborhood might command a significantly lower price. Market fluctuations can be demonstrated in times of economic boom leading to increased property values as demand soars, conversely, during recessions, the opposite may occur with declining values.
Understanding the real estate market value of “672 blue sky pkwy lexington ky 40509” has practical implications. It is essential for property tax assessments, mortgage lending, insurance coverage, and potential sales transactions. Overestimating the value can lead to difficulty securing financing or selling the property. Underestimating the value can result in financial losses. Therefore, an accurate assessment, often obtained through professional appraisal or comparative market analysis, is critical for informed decision-making. Real estate market value is subject to changes in conditions; constant monitoring and assessment is important for all homeowners.
6. Local community demographics
The demographic characteristics of the local community surrounding 672 Blue Sky Parkway, Lexington, KY 40509 exert a significant influence on various aspects of the property and its occupants. These demographic factors, encompassing age distribution, income levels, education attainment, racial and ethnic composition, and household size, collectively shape the social, economic, and cultural landscape of the neighborhood. Consequently, they directly impact property values, local amenities, educational resources, and community services available to residents. A preponderance of young families, for instance, may drive demand for enhanced parks and recreational facilities, while a concentration of senior citizens could necessitate increased access to healthcare services and senior-friendly transportation options. Property values in neighborhoods with high median incomes and high educational attainment typically exhibit greater stability and appreciation rates compared to those in areas with lower socioeconomic indicators.
The relationship between community demographics and property at 672 Blue Sky Parkway extends to practical considerations such as school district quality, public safety, and access to employment opportunities. A highly rated school district, often correlated with affluent demographics, can significantly enhance the appeal and market value of residential properties within its boundaries. Similarly, low crime rates and effective public safety measures, frequently associated with stable and engaged communities, contribute to a sense of security and well-being among residents. Furthermore, proximity to diverse employment opportunities can reduce commuting times and enhance the overall quality of life for individuals residing at 672 Blue Sky Parkway. The composition of the local workforce and the types of industries prevalent in the area may also influence career prospects and earning potential for residents.
An understanding of local community demographics is crucial for prospective buyers, current homeowners, and real estate investors considering 672 Blue Sky Parkway. This knowledge enables informed decision-making regarding property purchases, investment strategies, and resource allocation. Challenges may arise from demographic shifts, such as population growth, aging populations, or changes in racial and ethnic composition, which can necessitate proactive planning and adaptation by local authorities and community organizations. By monitoring and analyzing demographic trends, stakeholders can anticipate future needs and address potential challenges, ensuring the long-term viability and prosperity of the community surrounding 672 Blue Sky Parkway. This understanding is crucial for preserving property values and fostering a vibrant and inclusive living environment.
7. Proximity to local amenities
The geographic relationship between 672 Blue Sky Parkway, Lexington, KY 40509 and its surrounding local amenities exerts a measurable influence on the property’s desirability and market value. Proximity, measured in terms of distance and accessibility, to resources such as grocery stores, healthcare facilities, educational institutions, parks, and recreational centers, constitutes a significant component of the property’s overall locational advantage. A residence situated within convenient reach of these resources generally commands a higher market premium compared to properties located in more isolated areas. The effect is a direct consequence of reduced transportation costs, time savings, and an enhanced quality of life for residents. Examples include homes near high-performing schools, which often experience increased demand and elevated property values due to the perceived benefit of access to quality education.
Furthermore, the character and quality of local amenities contribute to the property’s attractiveness. A well-maintained park system, offering opportunities for recreation and leisure, positively influences resident satisfaction and the overall appeal of the neighborhood. Similarly, the presence of diverse dining options, retail establishments, and cultural attractions enhances the vibrancy and attractiveness of the community. Conversely, the absence of essential amenities or the presence of undesirable facilities (e.g., industrial sites, high-traffic roadways) can negatively impact property values and resident well-being. The practical application of this understanding is evident in real estate assessments, where appraisers routinely consider the proximity and quality of local amenities when determining a property’s fair market value.
In summary, the proximity of 672 Blue Sky Parkway, Lexington, KY 40509 to essential and desirable local amenities represents a key factor influencing its market value, resident satisfaction, and overall locational advantage. Understanding this relationship is critical for prospective buyers, homeowners, and real estate investors seeking to make informed decisions regarding property purchases, sales, and investments. Challenges may arise in quantifying the precise impact of individual amenities on property value due to the interplay of numerous variables. However, recognizing the significance of this locational factor remains essential for assessing the true worth and potential of residential properties. This close correlation can greatly impact buyer decision-making process.
8. Zoning regulations compliance
Zoning regulations compliance serves as a foundational legal framework governing the permissible use and development of the property located at 672 Blue Sky Parkway, Lexington, KY 40509. These regulations, enacted by the Lexington-Fayette Urban County Government, dictate specific parameters related to land use, building height, setback requirements, density, and permitted activities. The property’s adherence to these regulations is not merely a procedural formality but a fundamental requirement ensuring compatibility with the surrounding neighborhood and adherence to community planning objectives. Non-compliance can trigger a range of consequences, from fines and legal injunctions to the forced removal of non-conforming structures or cessation of unauthorized activities. For instance, if a property owner at 672 Blue Sky Parkway were to construct an addition exceeding the maximum allowable height as stipulated by zoning ordinances, the owner could be compelled to reduce the structure to comply with regulations, incurring significant financial losses.
The practical significance of zoning regulations compliance extends beyond immediate legal considerations. Zoning ordinances influence property values, community aesthetics, and the overall quality of life for residents. Strict adherence to zoning regulations promotes predictability and stability within the neighborhood, preventing incompatible land uses from encroaching upon residential areas. Conversely, lax enforcement or frequent zoning variances can erode community character and lead to conflicts between property owners. For example, a zoning variance granted to allow a commercial enterprise to operate in a predominantly residential zone could generate increased traffic, noise, and other disturbances, negatively impacting the residential amenity of properties, including 672 Blue Sky Parkway. Proper zoning maintenance ensures property valuation stability.
In summary, zoning regulations compliance is an indispensable aspect of property ownership and development at 672 Blue Sky Parkway, Lexington, KY 40509. It represents a legal obligation, an assurance of community compatibility, and a safeguard of property values. Challenges may arise from the complexity of zoning ordinances and the potential for subjective interpretations. However, a thorough understanding of zoning regulations and proactive engagement with local planning authorities are crucial for ensuring long-term compliance and maximizing the value and enjoyment of the property. This regulatory environment also ensures responsible development and community planning, reinforcing why such compliance is not just necessary, but integral.
9. Property tax assessment
The property tax assessment for 672 Blue Sky Parkway, Lexington, KY 40509 constitutes a fundamental aspect of property ownership, influencing the financial obligations associated with the parcel and affecting municipal revenue streams. This assessment, conducted by the Lexington-Fayette Urban County Government, determines the taxable value of the property, which subsequently dictates the annual property tax liability.
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Valuation Methods and Market Analysis
The assessment process typically involves employing various valuation methods, including market analysis, cost approach, and income capitalization (though less applicable for single-family residences). Market analysis entails comparing the property to similar properties recently sold in the area, adjusting for differences in size, condition, and amenities. The cost approach estimates the replacement cost of the property, accounting for depreciation. These methods aim to approximate the fair market value, which serves as the basis for the assessed value. An example includes comparing 672 Blue Sky Parkway to other homes on the same street that have sold within the past year. The resulting assessed value directly impacts the tax bill the owner receives.
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Assessment Appeals and Dispute Resolution
Property owners possess the right to appeal their assessment if they believe it does not accurately reflect the property’s value. The appeal process typically involves submitting evidence to support the claim, such as independent appraisals or comparable sales data. The Lexington-Fayette Urban County Government provides a mechanism for resolving assessment disputes, which may involve an informal review, a formal hearing, or, ultimately, judicial review. An appeal could be warranted if the assessed value of 672 Blue Sky Parkway is significantly higher than comparable properties, potentially resulting in a lower tax liability if successful.
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Impact on Tax Liability and Municipal Revenue
The assessed value directly determines the property tax liability. The tax rate, expressed as a percentage of the assessed value, is set annually by the Lexington-Fayette Urban County Government to fund municipal services, including schools, infrastructure, and public safety. An increase in the assessed value of 672 Blue Sky Parkway, without a corresponding decrease in the tax rate, would result in a higher property tax bill for the owner. Conversely, a decrease in the assessed value would lower the tax liability. The aggregate of all property tax assessments forms a significant portion of the municipality’s revenue base, enabling the provision of essential services to the community.
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Assessment Cycles and Revaluation Schedules
Property tax assessments are not static; they are typically reevaluated periodically to reflect changes in market conditions and property improvements. The Lexington-Fayette Urban County Government adheres to a specific assessment cycle, conducting mass revaluations on a predetermined schedule. These revaluations aim to ensure that assessed values remain consistent with current market realities. For example, if 672 Blue Sky Parkway undergoes significant renovations or improvements, such as adding a new addition, the assessed value would likely increase during the next revaluation cycle to reflect the enhanced property value.
In summary, the property tax assessment is a critical component of property ownership at 672 Blue Sky Parkway, Lexington, KY 40509. It dictates the annual property tax liability, influences municipal revenue streams, and provides a mechanism for property owners to challenge perceived inaccuracies in valuation. Understanding the assessment process, appealing rights, and the impact on tax liability are essential for informed property ownership. The local Government revenue depends on this assessment.
Frequently Asked Questions Regarding 672 Blue Sky Parkway, Lexington, KY 40509
The following questions and answers address common inquiries and concerns related to the property located at 672 Blue Sky Parkway, Lexington, KY 40509. The information provided is intended to clarify key aspects and considerations associated with this specific address.
Question 1: How can the precise geographic coordinates of 672 Blue Sky Parkway be obtained?
Geographic coordinates, representing the latitude and longitude, can be determined using online mapping services or Geographic Information System (GIS) software. Entering the full address into these tools will generate the corresponding coordinates.
Question 2: What zoning district does 672 Blue Sky Parkway fall under, and what are the implications of this zoning designation?
The zoning district can be determined by consulting the Lexington-Fayette Urban County Government’s zoning map. The zoning designation dictates permissible land uses, building height restrictions, setback requirements, and other development standards applicable to the property.
Question 3: How can the current property tax assessment for 672 Blue Sky Parkway be accessed?
The property tax assessment information is publicly available through the Lexington-Fayette Urban County Property Valuation Administrator’s office. This information can typically be accessed online or by contacting the office directly.
Question 4: What public school district serves the residents of 672 Blue Sky Parkway?
The assigned public school district is determined by the Lexington-Fayette County Public Schools system. The district boundaries and school assignments can be verified through the school district’s website or by contacting the district directly.
Question 5: What are the common amenities and services located in close proximity to 672 Blue Sky Parkway?
Local amenities typically include grocery stores, pharmacies, parks, healthcare facilities, and retail establishments. The proximity and accessibility of these amenities can be assessed using online mapping services or by consulting local business directories.
Question 6: How does the local community demographic profile influence the property value and quality of life at 672 Blue Sky Parkway?
Community demographics, including age distribution, income levels, and educational attainment, can impact property values, access to services, and the overall character of the neighborhood. Demographic data can be obtained from publicly available sources, such as the U.S. Census Bureau.
In summary, thorough research utilizing available public resources is crucial for understanding the various facets of the property located at 672 Blue Sky Parkway, Lexington, KY 40509.
The subsequent section will explore recent sales trends and comparable properties in the vicinity of 672 Blue Sky Parkway.
Navigating Considerations Related to 672 Blue Sky Parkway, Lexington, KY 40509
This section provides guidance regarding factors to consider when dealing with matters related to the specific location of 672 Blue Sky Parkway, Lexington, KY 40509. The following points are presented to assist in making informed decisions.
Tip 1: Verify Property Boundaries: Examine official property records to confirm the precise boundaries and dimensions. Discrepancies can lead to disputes with neighboring property owners or zoning violations.
Tip 2: Investigate Easements and Rights-of-Way: Determine if any easements or rights-of-way affect the property. These encumbrances can restrict usage or access.
Tip 3: Review Homeowners Association (HOA) Regulations: If the property is subject to an HOA, thoroughly review the governing documents to understand restrictions on exterior modifications, landscaping, and other aspects of property maintenance.
Tip 4: Assess Environmental Considerations: Conduct due diligence to identify potential environmental hazards, such as soil contamination or flood risk. These factors can impact property value and insurability.
Tip 5: Understand Local Ordinances: Become familiar with local ordinances related to noise levels, pet ownership, parking, and other aspects of community living. Non-compliance can result in fines.
Tip 6: Evaluate Utility Infrastructure: Assess the condition and capacity of utility infrastructure serving the property, including water, sewer, electricity, and natural gas. Upgrades or repairs can be costly.
Tip 7: Consider Future Development Plans: Investigate any planned developments or infrastructure projects in the vicinity of the property. These projects can impact traffic patterns, noise levels, and property values.
These points emphasize the importance of thorough research when addressing matters related to 672 Blue Sky Parkway. Proper diligence can prevent potential complications.
The concluding section will summarize the information presented.
Concluding Remarks
This exploration of 672 Blue Sky Parkway, Lexington, KY 40509, has underscored the multifaceted nature of a seemingly simple address. From its precise geographic coordinates and zoning regulations to the influence of local community demographics and property tax assessments, this location is defined by a web of interconnected factors. Understanding these elements provides a comprehensive insight into the property’s intrinsic value and its relationship with the surrounding environment.
The analysis presented serves as a foundation for informed decision-making. Whether for prospective buyers, current homeowners, or real estate professionals, a thorough understanding of these parameters is essential for navigating the complexities of property ownership and ensuring long-term prosperity. Continued monitoring of market trends, regulatory changes, and community developments is crucial for maintaining a comprehensive understanding of this specific locale.
