See Home Value
$50,645*
House - Off Market

424 M St

Louisville, KY 40208
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1021 Sqft
$40,000 - $50,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold Aug 27, 2021
$85,000
$82,450 by Ark-la-tex Financial Services
Mortgage Due Sep 01, 2051
Sold Oct 23, 2020
$37,000
$27,750 by Stock Yards Bank & Trust Co
Mortgage Due Nov 01, 2050

About This Property

Investors new and old, take notice! This is your opportunity to purchase up to two TURN KEY rental properties with recent updates, 100% occupied, and a great cash producing asset! This sale is being offer as either a single purchase, or you have the opportunity to purchase two income properties at once, as an investor special package deal! This individual listing is for a 2-bedroom, 1 full bathroom, single-family property that is currently rented for $498 per month and has an even higher potential market rental rate. The sellers have replaced the roof on the house since purchasing the property and have repaired deferred maintenance from the previous owners. The Sellers are also offering a fully leased Duplex located down the street at 414 M St, which both units are rented for a total

The manager has listed the unit size as 1021 square feet.
Unit Size
1,021Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$44
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1900

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Aug 27, 2021 Sold to Jacob D Mcconnell $85,000
Sold to Jacob D Mcconnell
Oct 23, 2020 Sold to Akil M Mody $37,000
Sold to Akil M Mody
Sep 5, 2020 In contract -
In contract
Aug 28, 2020 Relisted $45,000
Relisted
Show More

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 1
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Covered
  • Basement Area: 0
  • Parking Space Count: 0
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 2,352
  • Lot Size Depth Feet: 1,050
  • Lot Size Frontage Feet: 224
  • Total Building Area: 1,021
  • Building Area: 1,021
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,021
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.054
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: 0.054 AC +/-, SS M ST 105 FT E OF 5TH ST 22.42 X 105 TO 9' ALLEY

Ownership

  • Current Owner : MCCONNELL JACOB D
  • Previous Owner : MODY AKIL M
  • Previous Owner 2: MODY FARAH AKIL
  • Owner Before Previous Owner: JJM INVESTMENTS I LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Jefferson County School District
  • Census Tract: 003700

Zoning

  • Zoning: R6-RESIDEN

Geography

  • Account Number: 00131689
  • District: 100023
  • Parcel: 11050F02390000
  • Municipality: LOUISVILLE
  • Latitude: 38.2089
  • Longitude: -85.7661

    Address

  • Full Address: 424 M St
  • Address - House Number: 424
  • Address - Street Name: M
  • Address - Suffix Type: St
  • State: KY
  • City Name: Louisville
  • Carrier Code: C013
  • 4-Digit Zip Code: 1556
  • Zip Code: 40208

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,141
  • Intital Tax Deliquent Year: 2007
  • Tax Rate Code Area: 23

    Appraisal Valuation

  • Standard Deviation: 0.2632
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 62
  • Final Value: 127,608
  • High Value: 161,197
  • Low Value: 94,020

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $82,450
  • First Open Lien Mortgage Lender: ARK-LA-TEX FINANCIAL SERVICES
  • First Open Lien Mortgage Recording Date: Aug 27, 2021
  • First Open Lien Mortgage Loan Amount: $82,450
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $85,000
  • Market Land Value: $7,000
  • Market Improvement Value: $78,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $85,000
  • Assessed Land Value: $7,000
  • Assessed Improvements Value: $78,000

    Sales

  • Current Sale Contract Date: Aug 20, 2021
  • Current Sale Recording Date: Aug 27, 2021
  • Current Sale Transaction ID: 11854905753
  • Current Sale Price: $85,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021216025
  • Previous Sale Recording Date: Oct 23, 2020
  • Previous Sale Contract Date: Oct 16, 2020
  • Previous Sale Amount: $37,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ARK-LA-TEX FINANCIAL SERVICES
  • First Mortgage Transaction Date: Aug 27, 2021
  • First Mortgage Loan Amount: $82,450
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: STOCK YARDS BANK & TRUST CO
  • Previous Mortgage Transaction Date: Oct 23, 2020
  • Previous Mortgage Loan Amount: $27,750
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2050



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Side


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at

$1,275 /mo

  • 4 Beds
  • 1 Bath
  • 1,340 ft²
Listing by Jacob Wardrip
Unit for rent at

$1,175 /mo

  • 2 Beds
  • 1 Bath
  • 1,100 ft²
Listing by Lauren Ghanavatian
Unit for rent at

$1,100 /mo

  • 2 Beds
  • 1 Bath
  • 762 ft²
Listing by Anna Haburay


Frequently Asked Questions

When was property at 424 M Street built and last sold?
The property at 424 M Street was built in 1900 and last sold on Aug 20, 2021 for $85,000.
How much is this home worth?
The estimated value of the home located at 424 M Street is $50,327.
What are some comparable homes to 424 M Street?
There are currently no comparable homes to 424 M Street.

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