See Home Value
$106,378*
House - Off Market

508 Inverness Ave

Louisville, KY 40214
bedrooms
2 Beds
bathrooms
1 Bath
square feet
904 Sqft
$70,000 - $80,000
Reference Base Price*
51.97%
Since Feb 1, 2019
National-US
Primary Model
Refi Jul 28, 2021
Transfer
$52,500 by Republic Bank & Trust Co
Mortgage Due Jul 23, 2031

About This Property

Owner in his 19th year of enjoying a steady income from this conveniently located investment home is  offering it for sale. A charming low cost home that is in good condition right next to Iroquois Park,   The home owner or an investor's tenant can enjoy the wonders and peacefulness of the park, walk to famous and renovated Iroquois Amphitheater, and walk to Iroquois Golf Course.NOTE:  The owner will not allow a showing of the house, and disturbing his tenant, without a firm contract of sale, subject o the interior inspection  of the home.  The acceptance of the interior condition and layout will be at the sole discretion of the buyer. A buy or not to buy decision can be made at that time. Exterior viewing may be done between 10:00 AM and 6:30 PM at prospects convenience.

The manager has listed the unit size as 904 square feet.
Unit Size
904Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$77
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1939

Price History

Date / Event Date Event Price
Jan 20, 2019 No longer available -
No longer available
Jan 18, 2018 Listed $70,000
Listed

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1939
  • Effective Year Built: 1939
  • 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: Wood 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: 240
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 5,663
  • Lot Size Depth Feet: 1,400
  • Lot Size Frontage Feet: 400
  • Total Building Area: 816
  • Building Area: 816
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 816
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MEADOWS
  • Land Acres: 0.13
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: LOT 161 MEADOWS SUB PB. 2 PG. 326, .13 AC+/-, 40 X 140 SS 508 INVERNESS

Ownership

  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: R5-RESIDEN

Geography

  • Account Number: 00196916
  • District: 100023
  • Parcel: 12061L00730000
  • Lot: 161
  • Municipality: LOUISVILLE
  • Latitude: 38.1677
  • Longitude: -85.7729

    Address

  • Full Address: 508 Inverness Ave
  • Address - House Number: 508
  • Address - Street Name: Inverness
  • Address - Suffix Type: Ave
  • State: KY
  • City Name: Louisville
  • Carrier Code: C085
  • 4-Digit Zip Code: 2608
  • Zip Code: 40214

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $953
  • Tax Rate Code Area: 23

    Appraisal Valuation

  • Standard Deviation: 0.2349
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 67
  • Final Value: 117,856
  • High Value: 145,547
  • Low Value: 90,166

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $52,500
  • First Open Lien Mortgage Lender: REPUBLIC BANK & TRUST CO
  • First Open Lien Mortgage Recording Date: Jul 28, 2021
  • First Open Lien Mortgage Loan Amount: $52,500
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • First Open Lien Mortgage Loan Due Date: Jul 23, 2031

    Market Valuation

  • Market Total Value: $71,000
  • Market Land Value: $18,500
  • Market Improvement Value: $52,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $71,000
  • Assessed Land Value: $18,500
  • Assessed Improvements Value: $52,500



Comparables

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

About South Side


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Nearby Rentals



Frequently Asked Questions

When was property at 508 Inverness Avenue built and last sold?
The property at 508 Inverness Avenue was built in 1939 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 508 Inverness Avenue is $73,471.
What are some comparable homes to 508 Inverness Avenue?
There are currently no comparable homes to 508 Inverness Avenue.

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