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601 Cannons Lane

601 Cannons Lane, Louisville, KY 40207
Sold Aug 30, 2021
$440,000
$396,000 by Broker Solutions Inc
Mortgage Due Sep 01, 2051
Sold Sep 11, 2017
$350,000
$280,000 by The Farmers National Bank Of D
Mortgage Due Aug 28, 2047
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601 Cannons Lane 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 1954 and is 70 years old. The home comes with a single bedroom. Residents will have access to 3 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 601 Cannons Lane has 1,859 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 1,398 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 8,259 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. For the features and amenities located on the property. There is a detached garage for those who require parking. The garage measured 440 sqft. According to our sources, there are a total of 2 available parking spaces. 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 veneer. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. 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. 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, 601 Cannons Lane was last sold in Aug 24, 2021 for $440,000. According to our calculations, that's $236.69 per sqft. Prior to that sales transaction, the property was sold for $350,000 in Aug 28, 2017. Current property owners are expected to pay $5,905 in taxes per year. The property on 601 Cannons Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $440,000. To break that down further, the land itself was valued at $63,600. While improvements to the property were assessed at a total of $376,400. 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. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Bedroom Count: 1
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C+
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Brick veneer
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Floor Cover: Covered
  • Basement Type: Finished improved basement
  • Basement Area: 1,398
  • Garage Type: Detached
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,259
  • Total Building Area: 1,859
  • Building Area: 1,859
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,859
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHEROKEE COURT
  • Land Acres: 0.19
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: LOT 2, BLK 1, CHEROKEE CT SUBDIVISION, DB. 414, PG. 640, 0.1896 AC +/-

Ownership

  • Current Owner : PRICE GLENN A
  • Previous Owner : RODES NELSON DAVIS
  • Previous Owner 2: RODES MARY JANE
  • Owner Before Previous Owner: MERRIFIRLD CHRISTOPHER S
  • Owner Before Previous Owner 2: MERRIFIRLD VALERIE M
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Jefferson County School District
  • Census Tract: 007800

Zoning

  • Zoning: R5-RESIDEN

Geography

  • Account Number: 00069733
  • District: 100023
  • Parcel: 05073K01140000
  • Block: 1
  • Lot: 2
  • Municipality: LOUISVILLE
  • Latitude: 38.2462
  • Longitude: -85.6638

    Address

  • Full Address: 601 Cannons Ln
  • Address - House Number: 601
  • Address - Street Name: Cannons
  • Address - Suffix Type: Ln
  • State: KY
  • City Name: Louisville
  • Carrier Code: C036
  • 4-Digit Zip Code: 3647
  • Zip Code: 40207

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,905
  • Tax Rate Code Area: 23

    Appraisal Valuation

  • Standard Deviation: 0.2123
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 71
  • Final Value: 503,493
  • High Value: 610,428
  • Low Value: 396,557

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $396,000
  • First Open Lien Mortgage Lender: BROKER SOLUTIONS INC
  • First Open Lien Mortgage Recording Date: Aug 30, 2021
  • First Open Lien Mortgage Loan Amount: $396,000
  • 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: Sep 01, 2051

    Market Valuation

  • Market Total Value: $440,000
  • Market Land Value: $63,600
  • Market Improvement Value: $376,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $440,000
  • Assessed Land Value: $63,600
  • Assessed Improvements Value: $376,400

    Sales

  • Current Sale Contract Date: Aug 24, 2021
  • Current Sale Recording Date: Aug 30, 2021
  • Current Sale Transaction ID: 11855131716
  • Current Sale Price: $440,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021217225
  • Previous Sale Recording Date: Sep 11, 2017
  • Previous Sale Contract Date: Aug 28, 2017
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: BROKER SOLUTIONS INC
  • First Mortgage Transaction Date: Aug 30, 2021
  • First Mortgage Loan Amount: $396,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: THE FARMERS NATIONAL BANK OF D
  • Previous Mortgage Transaction Date: Sep 11, 2017
  • Previous Mortgage Loan Amount: $280,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Aug 28, 2047

About East Louisville



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Frequently Asked Questions

What neighborhood is 601 Cannons Lane located in?
The 601 Cannons Lane is a house located in the neighborhood of East Louisville in East Louisville, Louisville.
What is the average sales price for listings in 601 Cannons Lane?
The average sales price for units in 601 Cannons Lane is $0 currently.

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