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5508 Oak Creek Lane

5508 Oak Creek Lane, Louisville, KY 40291
House in Fern Creek
Sold Apr 22, 2015
$130,000
$163,690 by Century Lending Co
Mortgage Due Oct 01, 2044
5508 Oak Creek Lane in Louisville, KY was first built in 1966 and is 58 years old. This has been categorized as a residential property type. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 5508 Oak Creek Lane has 1,072 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 basement is 500 sqft and has been categorized as a partial basement. In total, the area measurement of the land is 8,925 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of composition shingle. 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 D+. The condition of the building has been evaluated as average. The exterior walls of the home are made of brick veneer. 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. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5508 Oak Creek Lane sold most recently in Apr 20, 2015 for a total of $130,000. If you work out the math, that's approximately a cost of $121.27 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,092 in taxes each year. The initial year of tax delinquency occurred in 2014. 5508 Oak Creek Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $177,620. If we break it down further, the land itself was valued at $34,320. Improvements to the property, however, were assessed at a total of $143,300. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: D+
  • Construction Type: Wood
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Cover: Covered
  • Basement Type: Partial basement
  • Basement Area: 500
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 8,925
  • Total Building Area: 1,072
  • Building Area: 1,072
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,072
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: IDLEWOOD SUB
  • Land Acres: 0.205
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: LOT 300 IDLEWOOD SUB, SEC.1-B-2, PB.21 PG.58; 0.2049 AC +/-

Ownership

  • Current Owner : FAULKNER MIKELIE N
  • Previous Owner : MCGEE ANTHONY N
  • Previous Owner 2: MCGEE SHINIEKE U EDMONDS
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Jefferson County School District
  • Census Tract: 011506

Zoning

  • Zoning: R4-RESIDEN

Geography

  • Account Number: 00200407
  • District: 500015
  • Section: 1-B
  • Parcel: 22182103000000
  • Lot: 300
  • Municipality: FERN CREEK
  • Latitude: 38.1673
  • Longitude: -85.5814

    Address

  • Full Address: 5508 Oakcreek Ln
  • Address - House Number: 5508
  • Address - Street Name: Oakcreek
  • Address - Suffix Type: Ln
  • State: KY
  • City Name: Louisville
  • Carrier Code: C065
  • 4-Digit Zip Code: 1008
  • Zip Code: 40291

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,092
  • Intital Tax Deliquent Year: 2014
  • Tax Rate Code Area: 15

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 243,528
  • High Value: 286,887
  • Low Value: 200,170

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $163,690
  • First Open Lien Mortgage Lender: CENTURY LENDING CO
  • First Open Lien Mortgage Recording Date: Oct 01, 2019
  • First Open Lien Mortgage Loan Amount: $163,690
  • First Open Lien Mortgage Term: 299
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2044

    Market Valuation

  • Market Total Value: $177,620
  • Market Land Value: $34,320
  • Market Improvement Value: $143,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $177,620
  • Assessed Land Value: $34,320
  • Assessed Improvements Value: $143,300

    Sales

  • Current Sale Contract Date: Apr 20, 2015
  • Current Sale Recording Date: Apr 22, 2015
  • Current Sale Transaction ID: 1212249604
  • Current Sale Price: $130,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: DN2015048239

    Last Sale Mortgage

  • First Mortgage Lender: INTERLINC MORTGAGE SERVICES LL
  • First Mortgage Transaction Date: Apr 22, 2015
  • First Mortgage Loan Amount: $127,645
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2045

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Frequently Asked Questions

What neighborhood is 5508 Oak Creek Lane located in?
The 5508 Oak Creek Lane is a house located in the neighborhood of Fern Creek in South Side, Louisville.
What is the average sales price for listings in 5508 Oak Creek Lane?
The average sales price for units in 5508 Oak Creek Lane is $0 currently.

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