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1492 South Shelby Street

1492 South Shelby Street, Louisville, KY 40217
Multifamily in Merriwether
Refi Jul 14, 2022
Transfer
$1,976,675 by Park Community Credit Union
Mortgage Due Jul 15, 2037
Local assessors in Louisville, KY have categorized 1492 South Shelby Street as a residential type of property. The home was built in 1900 and is 124 years old. The property's lot size has been calculated to be 4,530 square feet. The linear feet between the front and back of the lot was measured at 1,810 ft and the front of the lot was measured at 250 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. 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 1492 South Shelby Street has a total of 2,016 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 full basement that is 1,134 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. Do you like to entertain? The home has a patio so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is poor. 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 - D. The building has a gable style roof that was made of composition shingle. Lots of wood siding 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 no air conditioning for their cooling system. The home's a central heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $2,671 in taxes each year. 1492 South Shelby Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $199,000. If we break it down further, the land itself was valued at $31,290. Improvements to the property, however, were assessed at a total of $167,710. 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.

Building Features

Exterior

Vinyl Siding
Wood Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 0
  • Building Condition: Poor
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Business/Commerical Units Count: 3
  • Floor Cover: Covered
  • Basement Type: Full basement
  • Basement Area: 1,134
  • Parking Space Count: 0
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 4,530
  • Lot Size Depth Feet: 1,810
  • Lot Size Frontage Feet: 250
  • Total Building Area: 2,016
  • Building Area: 2,016
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,016
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: WS SHELBY #1492
  • Land Acres: 0.104
  • Standard Land Use Code: Parcels with improvements, use not specified
  • Legal Description 1: 25 X 181 WS SHELBY #1492

Ownership

  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Jefferson County School District
  • Census Tract: 007102

Zoning

  • Zoning: C1-COMMERC

Geography

  • Account Number: 00106797
  • District: 100023
  • Parcel: 09023K00370000
  • Municipality: LOUISVILLE
  • Latitude: 38.2252
  • Longitude: -85.7425

    Address

  • Full Address: 1492 S Shelby St
  • Address - House Number: 1492
  • Street Direction: S
  • Address - Street Name: Shelby
  • Address - Suffix Type: St
  • State: KY
  • City Name: Louisville
  • Carrier Code: C053
  • 4-Digit Zip Code: 1179
  • Zip Code: 40217

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,671
  • Tax Rate Code Area: 23

    Appraisal Valuation

  • Standard Deviation: 0.2124
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 71
  • Final Value: 285,448
  • High Value: 346,090
  • Low Value: 224,805

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,976,675
  • First Open Lien Mortgage Lender: PARK COMMUNITY CREDIT UNION
  • First Open Lien Mortgage Recording Date: Jul 14, 2022
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,976,675
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 15, 2037

    Market Valuation

  • Market Total Value: $199,000
  • Market Land Value: $31,290
  • Market Improvement Value: $167,710

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $199,000
  • Assessed Land Value: $31,290
  • Assessed Improvements Value: $167,710

About Central Louisville



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Nearby Rentals

Unit for rent at

$3,200 /mo

  • 3 Beds
  • 2 Baths
Listing by Manager

Frequently Asked Questions

What neighborhood is 1492 South Shelby Street located in?
The 1492 South Shelby Street is a multifamily located in the neighborhood of Merriwether in Central Louisville, Louisville.
What is the average sales price for listings in 1492 South Shelby Street?
The average sales price for units in 1492 South Shelby Street is $0 currently.

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