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224 Downes Lane

224 Downes Lane, Louisville, KY 40214
Sold Dec 17, 2019
$43,000
Sold Jun 22, 2018
$43,000
$101,446 by River City Bank Inc
Mortgage Due Dec 15, 2018
224 Downes Lane has been categorized by the local assessors in Louisville, KY as a residential type of property. The building on the property was first built in 1976 and is 48 years old. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 224 Downes Lane has 1,337 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 2,150 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 11,099 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 294 sqft. According to our sources, there is one available parking space. Moving on to the building itself. The condition of the building has been evaluated as poor. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D+ by the local assessor. The building has a hip style roof made of composition shingle. The exterior walls of the building are made of wood siding. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. 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, 224 Downes Lane sold most recently in Dec 12, 2019 for a total of $43,000. If you work out the math, that's approximately a cost of $32.16 per sqft. Before that, the property was also sold for $43,000 in Jun 15, 2018. That means the value of the property has remained about the same! Tax-wise, the current owner is expected to pay close to $1,454 in taxes each year. 224 Downes Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $108,330. If we break it down further, the land itself was valued at $13,390. Improvements to the property, however, were assessed at a total of $94,940. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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

Driveway

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

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Poor
  • Building Quality: D+
  • Construction Type: Wood
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Covered
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 294
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 11,099
  • Lot Size Depth Feet: 2,150
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,337
  • Building Area: 1,337
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,337
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.255
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: 0.2548 AC +/-, SWS DOWNES LN, 680 FT SE OF STRAWBERRY LN, 60 X 215

Ownership

  • Current Owner : HOPE FINANCIAL LLC
  • Previous Owner : BORN AGAIN PROPERTIES LLC
  • Owner Before Previous Owner: COVENANT PROPERTIES LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Jefferson County School District
  • Census Tract: 009103

Zoning

  • Zoning: R4-RESIDEN

Geography

  • Account Number: 00208383
  • District: 100023
  • Parcel: 13059L00190000
  • Municipality: LOUISVILLE
  • Latitude: 38.1583
  • Longitude: -85.7606

    Address

  • Full Address: 224 Downes Ln
  • Address - House Number: 224
  • Address - Street Name: Downes
  • Address - Suffix Type: Ln
  • State: KY
  • City Name: Louisville
  • Carrier Code: C097
  • 4-Digit Zip Code: 3038
  • Zip Code: 40214

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,454
  • Tax Rate Code Area: 23

    Appraisal Valuation

  • Standard Deviation: 0.2583
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 145,968
  • High Value: 183,680
  • Low Value: 108,256

    Market Valuation

  • Market Total Value: $108,330
  • Market Land Value: $13,390
  • Market Improvement Value: $94,940

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $108,330
  • Assessed Land Value: $13,390
  • Assessed Improvements Value: $94,940

    Sales

  • Current Sale Contract Date: Dec 12, 2019
  • Current Sale Recording Date: Dec 17, 2019
  • Current Sale Transaction ID: 11710547993
  • Current Sale Price: $43,000
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 2019287776
  • Previous Sale Recording Date: Jun 22, 2018
  • Previous Sale Contract Date: Jun 15, 2018
  • Previous Sale Amount: $43,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: RIVER CITY BANK INC
  • Previous Mortgage Transaction Date: Jun 22, 2018
  • Previous Mortgage Loan Amount: $101,446
  • Previous Mortgage Term: 5
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Dec 15, 2018

About South Side



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Frequently Asked Questions

What neighborhood is 224 Downes Lane located in?
The 224 Downes Lane is a house located in the neighborhood of Southland Park in South Side, Louisville.
What is the average sales price for listings in 224 Downes Lane?
The average sales price for units in 224 Downes Lane is $0 currently.

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