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2932 Rio Rita Avenue

2932 Rio Rita Avenue, Louisville, KY 40220
Property in Bon Air
Sold Oct 25, 2013
$125,000
$150,000 by Northpointe Bank
Mortgage Due Feb 21, 2053
Local assessors in Louisville, KY have categorized 2932 Rio Rita Avenue as a residential type of property. The home was built in 1956 and is 68 years old. The property's lot size has been calculated to be 9,030 square feet. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2932 Rio Rita Avenue has a total of 1,080 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 1,080 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. 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 hip 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. 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, 2932 Rio Rita Avenue sold most recently in Oct 25, 2013 for a total of $125,000. If you work out the math, that's approximately a cost of $115.74 per sqft. 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 $1,989 in taxes each year. 2932 Rio Rita Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $148,240. If we break it down further, the land itself was valued at $28,080. Improvements to the property, however, were assessed at a total of $120,160. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1956
  • Effective Year Built: 1956
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • 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: 1,080
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,030
  • Total Building Area: 1,080
  • Building Area: 1,080
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,080
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: BON AIR ESTATE
  • Land Acres: 0.207
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: LOT 144 BON AIR ESTATES SEC 2 PB 12 PG 104 0.2073 AC

Ownership

  • Current Owner : FORBES SARA
  • Current Owner 2: FORBES MATTHEW J
  • Previous Owner : STOTTMANN BERNARD J
  • Previous Owner 2: STOTTMANN LINDA HINTON
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Jefferson County School District
  • Census Tract: 010902

Zoning

  • Zoning: R5-RESIDEN

Geography

  • Account Number: 00126088
  • District: 100023
  • Section: 2
  • Parcel: 14082Y01000000
  • Lot: 144
  • Municipality: LOUISVILLE
  • Latitude: 38.2136
  • Longitude: -85.6508

    Address

  • Full Address: 2932 Rio Rita Ave
  • Address - House Number: 2932
  • Address - Street Name: Rio Rita
  • Address - Suffix Type: Ave
  • State: KY
  • City Name: Louisville
  • Carrier Code: C039
  • 4-Digit Zip Code: 2415
  • Zip Code: 40220

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,989
  • Tax Rate Code Area: 23

    Appraisal Valuation

  • Standard Deviation: 0.2473
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 65
  • Final Value: 217,275
  • High Value: 271,021
  • Low Value: 163,529

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $150,000
  • First Open Lien Mortgage Lender: NORTHPOINTE BANK
  • First Open Lien Mortgage Recording Date: Feb 07, 2023
  • First Open Lien Mortgage Loan Amount: $150,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • First Open Lien Mortgage Loan Due Date: Feb 21, 2053

    Market Valuation

  • Market Total Value: $148,240
  • Market Land Value: $28,080
  • Market Improvement Value: $120,160

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $148,240
  • Assessed Land Value: $28,080
  • Assessed Improvements Value: $120,160

    Sales

  • Current Sale Contract Date: Oct 25, 2013
  • Current Sale Recording Date: Oct 25, 2013
  • Current Sale Transaction ID: 1181171655
  • Current Sale Price: $125,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: DN2013187023

    Last Sale Mortgage

  • First Mortgage Lender: HOMESERVICES LENDING LLC
  • First Mortgage Transaction Date: Oct 25, 2013
  • First Mortgage Loan Amount: $122,735
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Mortgage Loan Due Date: Nov 01, 2043

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 2932 Rio Rita Avenue located in?
The 2932 Rio Rita Avenue is a located in the neighborhood of Bon Air in East Louisville, Louisville.
What is the average sales price for listings in 2932 Rio Rita Avenue?
The average sales price for units in 2932 Rio Rita Avenue is $0 currently.

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