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10401 Falling Tree Way

10401 Falling Tree Way, Louisville, KY 40223
Property in East Louisville
Sold May 20, 2013
$349,000
$330,000 by Fifth Third Mortgage Co
Mortgage Due Jun 01, 2043
Sold Apr 05, 2006
$300,000
$240,000 by Abn Amro Mortgage Group Inc
Mortgage Due Apr 01, 2036
Local assessors in Louisville, KY have categorized 10401 Falling Tree Way as a residential type of property. The home was built in 1977 and is 47 years old. The property's lot size has been calculated to be 11,896 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 10401 Falling Tree Way has a total of 2,792 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a finished improved basement that is 1,188 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 550 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C+. The building has a gable style roof that was made of composition shingle. Lots of brick veneer were used in the construction of the exterior walls of the home. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 10401 Falling Tree Way sold most recently in May 17, 2013 for a total of $349,000. If you work out the math, that's approximately a cost of $125.00 per sqft. Before that, the property was also sold for $300,000 in Mar 30, 2006. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,035 in taxes each year. 10401 Falling Tree Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $348,450. If we break it down further, the land itself was valued at $65,000. Improvements to the property, however, were assessed at a total of $283,450. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Bedroom Count: 2
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Floor Cover: Covered
  • Basement Type: Finished improved basement
  • Basement Area: 1,188
  • Garage Type: Attached
  • Garage Square Area: 550
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 11,896
  • Total Building Area: 2,792
  • Building Area: 2,792
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,792
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PLAINVIEW SUB
  • Land Acres: 0.273
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: LOT 444 PLAINVIEW SUBDIVISION SEC 8 PB.32 PG.3 0.2731 AC+/-

Ownership

  • Current Owner : STEPHENSON JEFFREY S
  • Current Owner 2: STEPHENSON AMY C
  • Previous Owner : SCHULTEN CHRISTOPHER D
  • Previous Owner 2: SCHULTEN AMIE E
  • Owner Before Previous Owner: PRICE KATHERINE E
  • Owner Before Previous Owner 2: PRICE STEWART W
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R4-RESIDEN

Geography

  • Account Number: 00106482
  • District: 143020
  • Section: 8
  • Parcel: 22195604440000
  • Lot: 444
  • Municipality: MIDDLETOWN
  • Latitude: 38.2274
  • Longitude: -85.5644

    Address

  • Full Address: 10401 Falling Tree Way
  • Address - House Number: 10401
  • Address - Street Name: Falling Tree
  • Address - Suffix Type: Way
  • State: KY
  • City Name: Louisville
  • Carrier Code: R026
  • 4-Digit Zip Code: 3742
  • Zip Code: 40223

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,035
  • Tax Rate Code Area: 20

    Appraisal Valuation

  • Standard Deviation: 0.2473
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 65
  • Final Value: 457,706
  • High Value: 570,926
  • Low Value: 344,486

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $330,000
  • First Open Lien Mortgage Lender: FIFTH THIRD MORTGAGE CO
  • First Open Lien Mortgage Recording Date: May 20, 2013
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $330,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2043

    Market Valuation

  • Market Total Value: $348,450
  • Market Land Value: $65,000
  • Market Improvement Value: $283,450

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $348,450
  • Assessed Land Value: $65,000
  • Assessed Improvements Value: $283,450

    Sales

  • Current Sale Contract Date: May 17, 2013
  • Current Sale Recording Date: May 20, 2013
  • Current Sale Transaction ID: 1181194096
  • Current Sale Price: $349,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: DN2013102117
  • Previous Sale Recording Date: Apr 05, 2006
  • Previous Sale Contract Date: Mar 30, 2006
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIFTH THIRD MORTGAGE CO
  • First Mortgage Transaction Date: May 20, 2013
  • First Mortgage Loan Amount: $330,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • First Mortgage Loan Due Date: Jun 01, 2043

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: ABN AMRO MORTGAGE GROUP INC
  • Previous Mortgage Transaction Date: Apr 05, 2006
  • Previous Mortgage Loan Amount: $240,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Apr 01, 2036

About East Louisville



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Frequently Asked Questions

What neighborhood is 10401 Falling Tree Way located in?
The 10401 Falling Tree Way is a located in the neighborhood of East Louisville in East Louisville, Louisville.
What is the average sales price for listings in 10401 Falling Tree Way?
The average sales price for units in 10401 Falling Tree Way is $0 currently.

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