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1040 Burning Springs Circle

1040 Burning Springs Circle, Louisville, KY 40223
Property in East Louisville
Sold Oct 07, 2020
$169,000
$175,084 by Home Point Financial Corporati
Mortgage Due Oct 01, 2050
1040 Burning Springs Circle in Louisville, KY was first built in 1974 and is 50 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a condo style. It is a single story home. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 1040 Burning Springs Circle has 1,424 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 405,262 square feet.

Learn more about the property and building on this page. The roof of the home is made of composition shingle. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of B. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick. Walk inside and you'll find flooring throughout the home. As for heating, the home is utilizing a central heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1040 Burning Springs Circle was last sold in Sep 25, 2020 for $169,000. According to our calculations, that's $118.68 per sqft. Current property owners are expected to pay $1,957 in taxes per year. The property on 1040 Burning Springs Circle was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $169,000. While improvements to the property were assessed at a total of $169,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Condo
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Covered
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 405,262
  • Total Building Area: 1,424
  • Building Area: 1,424
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 1,424
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: C TIMBERWOOD CONDOMINIUM
  • Land Acres: 9.303
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: UNIT 3 C BLDG 2 TIMBERWOOD CONDOMINIUM

Ownership

  • Current Owner : SMITH JAMES K
  • Previous Owner : NELSON KEVIN R
  • Previous Owner 2: NELSON DEBRA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Jefferson County School District
  • Census Tract: 010707

Geography

  • Account Number: 00606934
  • District: 143020
  • Parcel: 22193303C2003C
  • Municipality: MIDDLETOWN
  • Latitude: 38.2304
  • Longitude: -85.573

    Address

  • Full Address: 1040 Burning Springs Cir
  • Legal Unit: 3
  • Address - House Number: 1040
  • Address - Street Name: Burning Springs
  • Address - Suffix Type: Cir
  • State: KY
  • City Name: Louisville
  • Carrier Code: R034
  • 4-Digit Zip Code: 3655
  • Zip Code: 40223

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,957
  • Tax Rate Code Area: 20

    Appraisal Valuation

  • Standard Deviation: 0.2024
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 72
  • Final Value: 208,957
  • High Value: 251,258
  • Low Value: 166,657

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $175,084
  • First Open Lien Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • First Open Lien Mortgage Recording Date: Oct 07, 2020
  • First Open Lien Mortgage Loan Amount: $175,084
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2050

    Market Valuation

  • Market Total Value: $169,000
  • Market Improvement Value: $169,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $169,000
  • Assessed Improvements Value: $169,000

    Sales

  • Current Sale Contract Date: Sep 25, 2020
  • Current Sale Recording Date: Oct 07, 2020
  • Current Sale Transaction ID: 11808138605
  • Current Sale Price: $169,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020211735

    Last Sale Mortgage

  • First Mortgage Lender: HOME POINT FINANCIAL CORPORATI
  • First Mortgage Transaction Date: Oct 07, 2020
  • First Mortgage Loan Amount: $175,084
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Oct 01, 2050

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1040 Burning Springs Circle located in?
The 1040 Burning Springs Circle is a located in the neighborhood of East Louisville in East Louisville, Louisville.
What is the average sales price for listings in 1040 Burning Springs Circle?
The average sales price for units in 1040 Burning Springs Circle is $0 currently.

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