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523 West Hill Street

523 West Hill Street, Louisville, KY 40208
Multifamily in Old Louisville
Sold Mar 27, 2020
$195,000
$156,000 by Evansville Teachers Fcu
Mortgage Due Mar 25, 2030
Sold Mar 27, 2020
$116,491
523 West Hill Street 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 1900 and is 124 years old. The home has a total of 2 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 523 West Hill Street has 2,150 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 890 ft and across the front of the lot is 330 ft. The area measurement of the land has been determined as 2,936 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. 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 C- by the local assessor. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of brick. 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. There is a single fireplace in the home. Perfect for those wintery nights. The property was last sold in Mar 25, 2020 for $195,000. That's $90.70 per sqft. Prior to that sales transaction, the property was also sold in Mar 25, 2020 for $116,491. 523 West Hill Street was last assessed in 2023. The total value of the property was assessed at $239,090. Specifically, the land the property is located on was valued at $60,000. While improvements on the property were assessed at a total of $179,090. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $3,209. The initial tax year of delinquency was in 2012. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Brick Exterior / Wood Exterior
Stone Exterior
Wood Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C-
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Brick
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Floor Cover: Covered
  • Basement Type: Unspecified basement
  • Basement Area: 128
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,936
  • Lot Size Depth Feet: 890
  • Lot Size Frontage Feet: 330
  • Total Building Area: 2,150
  • Building Area: 2,150
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,150
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ML 523 W HILL ST
  • Land Acres: 0.067
  • Standard Land Use Code: Duplex (2 units, any combination)
  • County Land Use Code: Business personal property general
  • Legal Description 1: 33 X 88.98, N SIDE HILL ST, 89 FT EAST OF 6TH ST, .0656 AC+/-

Ownership

  • Current Owner : JBAA PROPERTIES MANAGEMENT LLC
  • Previous Owner : WHEELER PROPERTIES I LLC
  • Owner Before Previous Owner: WHX LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Jefferson County School District
  • Census Tract: 005200

Zoning

  • Zoning: TNZD-TRADI

Geography

  • Account Number: 00103945
  • District: 100023
  • Parcel: 08033A00040000
  • Municipality: LOUISVILLE
  • Latitude: 38.2265
  • Longitude: -85.7647

    Address

  • Full Address: 523 W Hill St
  • Address - House Number: 523
  • Street Direction: W
  • Address - Street Name: Hill
  • Address - Suffix Type: St
  • State: KY
  • City Name: Louisville
  • Carrier Code: C018
  • 4-Digit Zip Code: 3739
  • Zip Code: 40208

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,209
  • Intital Tax Deliquent Year: 2012
  • Tax Rate Code Area: 23

    Appraisal Valuation

  • Standard Deviation: 0.2022
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 72
  • Final Value: 256,618
  • High Value: 308,521
  • Low Value: 204,714

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $156,000
  • First Open Lien Mortgage Lender: EVANSVILLE TEACHERS FCU
  • First Open Lien Mortgage Recording Date: Mar 27, 2020
  • First Open Lien Mortgage Loan Amount: $156,000
  • 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: Mar 25, 2030

    Market Valuation

  • Market Total Value: $239,090
  • Market Land Value: $60,000
  • Market Improvement Value: $179,090

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $239,090
  • Assessed Land Value: $60,000
  • Assessed Improvements Value: $179,090

    Sales

  • Current Sale Contract Date: Mar 25, 2020
  • Current Sale Recording Date: Mar 27, 2020
  • Current Sale Transaction ID: 11754451971
  • Current Sale Price: $195,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020066570
  • Previous Sale Recording Date: Mar 27, 2020
  • Previous Sale Contract Date: Mar 25, 2020
  • Previous Sale Amount: $116,491
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: EVANSVILLE TEACHERS FCU
  • First Mortgage Transaction Date: Mar 27, 2020
  • First Mortgage Loan Amount: $156,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: Commercial
  • First Mortgage Loan Due Date: Mar 25, 2030

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Frequently Asked Questions

What neighborhood is 523 West Hill Street located in?
The 523 West Hill Street is a multifamily located in the neighborhood of Old Louisville in Central Louisville, Louisville.
What is the average sales price for listings in 523 West Hill Street?
The average sales price for units in 523 West Hill Street is $0 currently.

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