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7308 Verona Way

7308 Verona Way, Louisville, KY 40218
Property in East Louisville
Sold Aug 23, 2023
$281,500
$199,920 by American Mortgage Service Co
Mortgage Due Mar 01, 2051
Sold Feb 05, 2021
$249,900
$199,920 by American Mortgage Service Co
Mortgage Due Mar 01, 2051
Local assessors in Louisville, KY have categorized 7308 Verona Way as a residential type of property. The home was built in 1959 and is 65 years old. The property's lot size has been calculated to be 8,999 square feet. The linear feet between the front and back of the lot was measured at 1,500 ft and the front of the lot was measured at 600 ft. As for the restroom situation, there is one full bathroom. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 7308 Verona Way has a total of 1,161 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 1,161 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

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. Additional features on the property are as follows. There is a detached garage for those who need a place to park their vehicle. The garage on the property is 576 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has a patio so you'll have a great option in the back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. 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. The building has a hip style roof that was made of composition shingle. Lots of brick veneer were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on no air conditioning for their cooling system. The home's a central heating system is the primary heating source. 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, 7308 Verona Way sold most recently in Aug 22, 2023 for a total of $281,500. If you work out the math, that's approximately a cost of $242.46 per sqft. Before that, the property was also sold for $249,900 in Feb 4, 2021. 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 $2,944 in taxes each year. The initial year of tax delinquency occurred in 2007. 7308 Verona Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $249,900. If we break it down further, the land itself was valued at $40,000. Improvements to the property, however, were assessed at a total of $209,900. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.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: 1959
  • Effective Year Built: 1959
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Brick veneer
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Covered
  • Basement Type: Full basement
  • Basement Area: 1,161
  • Garage Type: Detached
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 8,999
  • Lot Size Depth Feet: 1,500
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,161
  • Building Area: 1,161
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,161
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: MONTCLAIR VILLA
  • Land Acres: 0.207
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: 0.2066 AC+/- LOT 36 MONTCLAIR VILLA PB 14 PG 18 SS VERONA WAY 60 X 150

Ownership

  • Current Owner : GIBSON MYLES
  • Current Owner 2: GIBSON ELAYNA
  • Previous Owner : GOHL THOMAS H
  • Previous Owner 2: GOHL GLENNA G
  • Owner Before Previous Owner: ALI YOLANDA E
  • Owner Before Previous Owner 2: YOLANDA E ALI FAMILY TRUST
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Jefferson County School District
  • Census Tract: 011114

Zoning

  • Zoning: R4-RESIDEN

Geography

  • Account Number: 00154947
  • District: 500015
  • Parcel: 22058200480000
  • Lot: 36
  • Municipality: BUECHEL
  • Latitude: 38.1965
  • Longitude: -85.6198

    Address

  • Full Address: 7308 Verona Way
  • Address - House Number: 7308
  • Address - Street Name: Verona
  • Address - Suffix Type: Way
  • State: KY
  • City Name: Louisville
  • Carrier Code: C060
  • 4-Digit Zip Code: 2865
  • Zip Code: 40218

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,944
  • Intital Tax Deliquent Year: 2007
  • Tax Rate Code Area: 15

    Appraisal Valuation

  • Standard Deviation: 0.2169
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 70
  • Final Value: 303,883
  • High Value: 369,798
  • Low Value: 237,967

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $199,920
  • First Open Lien Mortgage Lender: AMERICAN MORTGAGE SERVICE CO
  • First Open Lien Mortgage Recording Date: Feb 05, 2021
  • First Open Lien Mortgage Loan Amount: $199,920
  • 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: Mar 01, 2051

    Market Valuation

  • Market Total Value: $249,900
  • Market Land Value: $40,000
  • Market Improvement Value: $209,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $249,900
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $209,900

    Sales

  • Current Sale Contract Date: Aug 22, 2023
  • Current Sale Recording Date: Aug 23, 2023
  • Current Sale Transaction ID: 11911793630
  • Current Sale Price: $281,500
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 169369
  • Previous Sale Recording Date: Feb 05, 2021
  • Previous Sale Contract Date: Feb 04, 2021
  • Previous Sale Amount: $249,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WESBANCO BANK, INC.
  • First Mortgage Transaction Date: Aug 23, 2023
  • First Mortgage Loan Amount: $276,400
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Sep 01, 2053
  • Second Mortgage Lender: KENTUCKY HOUSING CORPORATION
  • Second Mortgage Transaction Date: Aug 23, 2023
  • Second Mortgage Loan Amount: $9,800
  • Second Mortgage Terms: 10
  • Second Mortgage Loan Type: New Conventional
  • Second Mortgage Loan Due Date: Sep 01, 2033

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN MORTGAGE SERVICE CO
  • Previous Mortgage Transaction Date: Feb 05, 2021
  • Previous Mortgage Loan Amount: $199,920
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Mar 01, 2051

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Frequently Asked Questions

What neighborhood is 7308 Verona Way located in?
The 7308 Verona Way is a located in the neighborhood of East Louisville in East Louisville, Louisville.
What is the average sales price for listings in 7308 Verona Way?
The average sales price for units in 7308 Verona Way is $0 currently.

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