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502 Gheens Avenue

502 Gheens Avenue, Louisville, KY 40214
House in Iroquois
Sold Apr 06, 2021
$133,515
$129,509 by Us Bank Na
Mortgage Due Apr 01, 2051
Sold Nov 25, 2020
$38,750
502 Gheens Avenue in Louisville, KY was first built in 1942 and is 82 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a conventional style. It is a single story home. This is a single bedroom home. In terms of bathrooms, there is only one bathroom. There is a 1 partial bathroom. 502 Gheens Avenue has 672 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 linear feet across the front of the lot is 400 ft and the linear feet between the front and back of the lot is 1,400. In total, the area measurement of the land is 5,602 square feet.

Learn more about the property and building on this page. There is a patio. The home has a gable style roof made of composition shingle. For those who need parking, there is a detached garage. The garage is 320 sqft. There is one available parking space. 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 C. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 502 Gheens Avenue was last sold in Mar 31, 2021 for $133,515. According to our calculations, that's $198.68 per sqft. Prior to that sales transaction, the property was sold for $38,750 in Nov 24, 2020. Current property owners are expected to pay $1,792 in taxes per year. The property on 502 Gheens Avenue was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $133,520. To break that down further, the land itself was valued at $18,500. While improvements to the property were assessed at a total of $115,020. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding

Parking

Detached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • 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
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Covered
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 320
  • Parking Space Count: 1
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 5,602
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 400
  • Total Building Area: 672
  • Building Area: 672
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 672
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE MEADOWS SUB
  • Land Acres: 0.129
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: LOT 227 THE MEADOWS SUB PB. 3 PG. 326, 0.1286 AC

Ownership

  • Current Owner : ECHEVERRIA LAURA M
  • Previous Owner : BAST FAMILY PROPERTIES LLC
  • Owner Before Previous Owner: BUSSMANN HEINZ
  • Owner Before Previous Owner 2: BUSSMANN DONNA M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Jefferson County School District
  • Census Tract: 009001

Zoning

  • Zoning: R5-RESIDEN

Geography

  • Account Number: 00195811
  • District: 100023
  • Parcel: 12060K00600000
  • Lot: 227
  • Municipality: LOUISVILLE
  • Latitude: 38.1686
  • Longitude: -85.7723

    Address

  • Full Address: 502 Gheens Ave
  • Address - House Number: 502
  • Address - Street Name: Gheens
  • Address - Suffix Type: Ave
  • State: KY
  • City Name: Louisville
  • Carrier Code: C049
  • 4-Digit Zip Code: 2626
  • Zip Code: 40214

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,792
  • Tax Rate Code Area: 23

    Appraisal Valuation

  • Standard Deviation: 0.2583
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 169,626
  • High Value: 213,450
  • Low Value: 125,801

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $135,009
  • First Open Lien Mortgage Lender: US BANK NA
  • First Open Lien Mortgage Recording Date: Apr 06, 2021
  • First Open Lien Mortgage Loan Amount: $129,509
  • 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: Apr 01, 2051
  • Second Open Lien Mortgage Lender: US BANK NA
  • Second Open Lien Mortgage Recording Date: Apr 06, 2021
  • Second Open Lien Mortgage Loan Amount: $5,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Stand Alone Second
  • Second Open Lien Mortgage Loan Due Date: Apr 01, 2051

    Market Valuation

  • Market Total Value: $133,520
  • Market Land Value: $18,500
  • Market Improvement Value: $115,020

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $133,520
  • Assessed Land Value: $18,500
  • Assessed Improvements Value: $115,020

    Sales

  • Current Sale Contract Date: Mar 31, 2021
  • Current Sale Recording Date: Apr 06, 2021
  • Current Sale Transaction ID: 11830861707
  • Current Sale Price: $133,515
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021082020
  • Previous Sale Recording Date: Nov 25, 2020
  • Previous Sale Contract Date: Nov 24, 2020
  • Previous Sale Amount: $38,750
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: US BANK NA
  • First Mortgage Transaction Date: Apr 06, 2021
  • First Mortgage Loan Amount: $129,509
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Apr 01, 2051

About South Side



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Frequently Asked Questions

What neighborhood is 502 Gheens Avenue located in?
The 502 Gheens Avenue is a house located in the neighborhood of Iroquois in South Side, Louisville.
What is the average sales price for listings in 502 Gheens Avenue?
The average sales price for units in 502 Gheens Avenue is $0 currently.

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