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5506 Lodema Way

5506 Lodema Way, Louisville, KY 40219
Multifamily in Newburg
Sold Nov 09, 2023
$380,000
Sold Mar 29, 2021
$278,000
$208,500 by One American Bank
Mortgage Due Apr 01, 2051
Local assessors in Louisville, KY have categorized 5506 Lodema Way as a residential type of property. The home was built in 1965 and is 59 years old. The property's lot size has been calculated to be 11,622 square feet. The linear feet between the front and back of the lot was measured at 1,370 ft and the front of the lot was measured at 850 ft. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5506 Lodema Way has a total of 4,130 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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. Residents rely on no air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Nov 3, 2023 for $380,000. That's $92.01 per sqft. Prior to that sales transaction, the property was also sold in Mar 18, 2021 for $278,000. 5506 Lodema Way was last assessed in 2023. The total value of the property was assessed at $278,000. Specifically, the land the property is located on was valued at $24,000. While improvements on the property were assessed at a total of $254,000. 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 $3,247. 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. 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
Wood Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Bedroom Count: 0
  • Building Condition: Average
  • Building Quality: C
  • Floor Count: 2
  • Living Units: 4
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 11,622
  • Lot Size Depth Feet: 1,370
  • Lot Size Frontage Feet: 850
  • Total Building Area: 4,130
  • Building Area: 4,130
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Yes
  • Heated Square Feet: 4,130
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TRAILS END ESTATES
  • Land Acres: 0.267
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: LOT 281 TRAILS END ESTATES SUB, PB.22 PG.65; 0.2668 AC +/-

Ownership

  • Current Owner : PEREZ EDGAR L QUESADA
  • Previous Owner : HU YI
  • Previous Owner 2: HU TING
  • Owner Before Previous Owner: KIRBY & KOSOTO LLC
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Jefferson County School District
  • Census Tract: 011405

Zoning

  • Zoning: R7-RESIDEN

Geography

  • Account Number: 08202591
  • District: 500006
  • Subdivision Tract Number: AILS
  • Parcel: 23062402810000
  • Lot: 281
  • Municipality: OKOLONA
  • Latitude: 38.1695
  • Longitude: -85.6856

    Address

  • Full Address: 5506 Lodema Way
  • Address - House Number: 5506
  • Address - Street Name: Lodema
  • Address - Suffix Type: Way
  • State: KY
  • City Name: Louisville
  • Carrier Code: C014
  • 4-Digit Zip Code: 1135
  • Zip Code: 40219

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,247
  • Tax Rate Code Area: 06

    Appraisal Valuation

  • Standard Deviation: 0.4548
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 9
  • Final Value: 394,550
  • High Value: 573,994
  • Low Value: 215,105

    Market Valuation

  • Market Total Value: $278,000
  • Market Land Value: $24,000
  • Market Improvement Value: $254,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $278,000
  • Assessed Land Value: $24,000
  • Assessed Improvements Value: $254,000

    Sales

  • Current Sale Contract Date: Nov 03, 2023
  • Current Sale Recording Date: Nov 09, 2023
  • Current Sale Transaction ID: 11915751973
  • Current Sale Price: $380,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 222108
  • Previous Sale Recording Date: Mar 29, 2021
  • Previous Sale Contract Date: Mar 18, 2021
  • Previous Sale Amount: $278,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FIRST FINANCIAL BANK
  • First Mortgage Transaction Date: Nov 09, 2023
  • First Mortgage Loan Amount: $373,117
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Dec 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: ONE AMERICAN BANK
  • Previous Mortgage Transaction Date: Mar 29, 2021
  • Previous Mortgage Loan Amount: $208,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Apr 01, 2051

About South Side



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 5506 Lodema Way located in?
The 5506 Lodema Way is a multifamily located in the neighborhood of Newburg in South Side, Louisville.
What is the average sales price for listings in 5506 Lodema Way?
The average sales price for units in 5506 Lodema Way is $0 currently.

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