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1261 Bassett Avenue

1261 Bassett Avenue, Louisville, KY 40204
Sold Jun 29, 2021
$399,000
$379,050 by Stearns Lending Llc
Mortgage Due Jul 01, 2051
Sold May 26, 2006
$247,500
$198,000 by Fifth Third Mortgage Co
Mortgage Due Jun 01, 2036
1261 Bassett Avenue in Louisville, KY was first built in 1905 and is 119 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 conventional style. There are a total of 3 floors. There are a total of 0 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1261 Bassett Avenue has 2,298 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. The basement is 412 sqft and has been categorized as a partial basement. The linear feet across the front of the lot is 223 ft and the linear feet between the front and back of the lot is 1,750. In total, the area measurement of the land is 4,108 square feet.

Learn more about the property and building on this page. There is a patio. The home has a gable style roof 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 A-. The condition of the building has been evaluated as average. The exterior walls of the home are made of wood siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. The property was last sold in Jun 25, 2021 for $399,000. That's $173.63 per sqft. Prior to that sales transaction, the property was also sold in May 25, 2006 for $247,500. 1261 Bassett Avenue was last assessed in 2023. The total value of the property was assessed at $399,000. Specifically, the land the property is located on was valued at $81,600. While improvements on the property were assessed at a total of $317,400. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $5,355. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: A-
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 3
  • Floor Cover: Covered
  • Basement Type: Partial basement
  • Basement Area: 412
  • Parking Space Count: 0
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 4,108
  • Lot Size Depth Feet: 1,750
  • Lot Size Frontage Feet: 223
  • Total Building Area: 2,298
  • Building Area: 2,298
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,298
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: EASTERN PARKLAND CO
  • Land Acres: 0.094
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: 22.33 X 175, NE SIDE BASSETT AVE, 42.9 FT SE OF RANSDELL AVE, .0943 AC+/-

Ownership

  • Current Owner : CARPENTER TIMOTHY W
  • Current Owner 2: CARPENTER SHELLI R
  • Previous Owner : MURRAY MEGHAN C
  • Owner Before Previous Owner: ABBOTT JEFFREY DAVID
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Jefferson County School District
  • Census Tract: 008202

Zoning

  • Zoning: R5-RESIDEN

Geography

  • Account Number: 00081195
  • District: 100023
  • Parcel: 10075J00310000
  • Municipality: LOUISVILLE
  • Latitude: 38.2393
  • Longitude: -85.711

    Address

  • Full Address: 1261 Bassett Ave
  • Address - House Number: 1261
  • Address - Street Name: Bassett
  • Address - Suffix Type: Ave
  • State: KY
  • City Name: Louisville
  • Carrier Code: C004
  • 4-Digit Zip Code: 2104
  • Zip Code: 40204

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,355
  • Tax Rate Code Area: 23

    Appraisal Valuation

  • Standard Deviation: 0.2177
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 70
  • Final Value: 476,859
  • High Value: 580,673
  • Low Value: 373,044

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $440,550
  • First Open Lien Mortgage Lender: STEARNS LENDING LLC
  • First Open Lien Mortgage Recording Date: Jun 29, 2021
  • First Open Lien Mortgage Loan Amount: $379,050
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051
  • Second Open Lien Mortgage Lender: CITIZENS BANK, N.A.
  • Second Open Lien Mortgage Recording Date: Mar 16, 2023
  • Second Open Lien Mortgage Loan Amount: $61,500
  • Second Open Lien Mortgage Term: 299
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Mar 07, 2048

    Market Valuation

  • Market Total Value: $399,000
  • Market Land Value: $81,600
  • Market Improvement Value: $317,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $399,000
  • Assessed Land Value: $81,600
  • Assessed Improvements Value: $317,400

    Sales

  • Current Sale Contract Date: Jun 25, 2021
  • Current Sale Recording Date: Jun 29, 2021
  • Current Sale Transaction ID: 11842819478
  • Current Sale Price: $399,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021159954
  • Previous Sale Recording Date: May 26, 2006
  • Previous Sale Contract Date: May 25, 2006
  • Previous Sale Amount: $247,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: STEARNS LENDING LLC
  • First Mortgage Transaction Date: Jun 29, 2021
  • First Mortgage Loan Amount: $379,050
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FIFTH THIRD MORTGAGE CO
  • Previous Mortgage Transaction Date: May 26, 2006
  • Previous Mortgage Loan Amount: $198,000
  • 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: Jun 01, 2036

About The Highlands



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Frequently Asked Questions

What neighborhood is 1261 Bassett Avenue located in?
The 1261 Bassett Avenue is a located in the neighborhood of Cherokee Triangle in The Highlands, Louisville.
What is the average sales price for listings in 1261 Bassett Avenue?
The average sales price for units in 1261 Bassett Avenue is $0 currently.

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