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2031 Lynn Lea Road

2031 Lynn Lea Road, Louisville, KY 40216
House in Shively
Sold Apr 13, 2020
$127,000
$124,699 by Central Bank & Trust Co
Mortgage Due May 01, 2050
Sold Jul 20, 2016
$80,000
2031 Lynn Lea Road in Louisville, KY was first built in 1954 and is 70 years old. This has been categorized as a residential property type. It is a single story home. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 2031 Lynn Lea Road has 1,240 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 1,240 sqft and has been categorized as a full basement. In total, the area measurement of the land is 11,840 square feet.

Learn more about the property and building on this page. There is a patio. The home has a hip style roof made of composition shingle. For those who need parking, there is a mixed used garage. The garage is 297 sqft. There are a total of 2 available parking spaces. 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 D+. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick veneer. 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 no air conditioning. As for heating, the home is utilizing a central heating system. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 2031 Lynn Lea Road sold most recently in Apr 10, 2020 for a total of $127,000. If you work out the math, that's approximately a cost of $102.42 per sqft. Before that, the property was also sold for $80,000 in Jul 15, 2016. 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 $1,550 in taxes each year. 2031 Lynn Lea Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $155,320. If we break it down further, the land itself was valued at $7,730. Improvements to the property, however, were assessed at a total of $147,590. 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

Wood Exterior

Parking

Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: D+
  • Construction Type: Wood
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Covered
  • Basement Type: Full basement
  • Basement Area: 1,240
  • Garage Type: Mixed use
  • Garage Square Area: 297
  • Parking Space Count: 2
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 11,840
  • Total Building Area: 1,240
  • Building Area: 1,240
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,240
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LYNN LEA SUB
  • Land Acres: 0.272
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: LOT 43 LYNN LEA SUB SEC 1 PB 11 PG 62 0.2718 AC+/-

Ownership

  • Current Owner : WALKER BRICE
  • Current Owner 2: WALKER JANICA
  • Previous Owner : BARRY THOMAS A
  • Previous Owner 2: SPENCER CARLA D
  • Owner Before Previous Owner: FERRELL LINDA SUE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Jefferson County School District
  • Census Tract: 012501

Zoning

  • Zoning: R5-RESIDEN

Geography

  • Account Number: 00177629
  • District: 175024
  • Section: 1
  • Parcel: 25117100390043
  • Lot: 43
  • Municipality: SHIVELY
  • Latitude: 38.18
  • Longitude: -85.8296

    Address

  • Full Address: 2031 Lynn Lea Rd
  • Address - House Number: 2031
  • Address - Street Name: Lynn Lea
  • Address - Suffix Type: Rd
  • State: KY
  • City Name: Louisville
  • Carrier Code: C042
  • 4-Digit Zip Code: 2838
  • Zip Code: 40216

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,550
  • Tax Rate Code Area: 24

    Appraisal Valuation

  • Standard Deviation: 0.26
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 183,847
  • High Value: 231,647
  • Low Value: 136,046

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $124,699
  • First Open Lien Mortgage Lender: CENTRAL BANK & TRUST CO
  • First Open Lien Mortgage Recording Date: Apr 13, 2020
  • First Open Lien Mortgage Loan Amount: $124,699
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: May 01, 2050

    Market Valuation

  • Market Total Value: $155,320
  • Market Land Value: $7,730
  • Market Improvement Value: $147,590

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $155,320
  • Assessed Land Value: $7,730
  • Assessed Improvements Value: $147,590

    Sales

  • Current Sale Contract Date: Apr 10, 2020
  • Current Sale Recording Date: Apr 13, 2020
  • Current Sale Transaction ID: 11756008091
  • Current Sale Price: $127,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020075769
  • Previous Sale Recording Date: Jul 20, 2016
  • Previous Sale Contract Date: Jul 15, 2016
  • Previous Sale Amount: $80,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CENTRAL BANK & TRUST CO
  • First Mortgage Transaction Date: Apr 13, 2020
  • First Mortgage Loan Amount: $124,699
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2050

About West Louisville



Similar Buildings

Currently no similar buildings around

Nearby Rentals

Unit for rent at

$1,143 /mo

  • 3 Beds
  • 1.5 Baths
  • 1,100 ft²
Listing by The Oaks at St Andrews

Frequently Asked Questions

What neighborhood is 2031 Lynn Lea Road located in?
The 2031 Lynn Lea Road is a house located in the neighborhood of Shively in West Louisville, Louisville.
What is the average sales price for listings in 2031 Lynn Lea Road?
The average sales price for units in 2031 Lynn Lea Road is $0 currently.

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