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842 Lake Forest Parkway

842 Lake Forest Parkway, Louisville, KY 40245
Property in East Louisville
Sold Jun 25, 2020
$450,000
$338,827 by Plaza Home Mortgage Inc
Mortgage Due Jul 01, 2050
Sold Jun 14, 2005
$318,500
$175,000 by Jpmorgan Chase Bank Na
Mortgage Due Jul 01, 2035
842 Lake Forest Parkway 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 1993 and is 31 years old. The home has a total of 2 bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 842 Lake Forest Parkway has 2,914 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 full basement that is 1,261 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 11,700 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 attached garage for those who require parking. The garage measured 597 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 A- by the local assessor. The building has a hip 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, 842 Lake Forest Parkway was last sold in Jun 19, 2020 for $450,000. According to our calculations, that's $154.43 per sqft. Prior to that sales transaction, the property was sold for $318,500 in Jun 9, 2005. Current property owners are expected to pay $5,211 in taxes per year. The property on 842 Lake Forest Parkway was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $450,000. To break that down further, the land itself was valued at $75,000. While improvements to the property were assessed at a total of $375,000. 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. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!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: 1993
  • Effective Year Built: 1993
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: A-
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Brick veneer
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Floor Cover: Covered
  • Basement Type: Full basement
  • Basement Area: 1,261
  • Garage Type: Attached
  • Garage Square Area: 597
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 11,700
  • Total Building Area: 2,914
  • Building Area: 2,914
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 2,914
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LAKE FOREST
  • Land Acres: 0.269
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: LOT 541 LAKE FOREST SEC 12, PB. 37 PG. 91, .2686 AC+/-

Ownership

  • Current Owner : CHOI JIM
  • Current Owner 2: CHOI ERIN P
  • Previous Owner : JORDAN ELIZABETH T
  • Owner Before Previous Owner: REED EARL T
  • Owner Before Previous Owner 2: REED CHRISTINE S
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Jefferson County School District
  • Census Tract: 010316

Zoning

  • Zoning: R4-RESIDEN

Geography

  • Account Number: 00062235
  • District: 500020
  • Section: 12
  • Parcel: 21262205410000
  • Lot: 541
  • Municipality: MIDDLETOWN
  • Latitude: 38.252
  • Longitude: -85.4862

    Address

  • Full Address: 842 Lake Forest Pkwy
  • Address - House Number: 842
  • Address - Street Name: Lake Forest
  • Address - Suffix Type: Pkwy
  • State: KY
  • City Name: Louisville
  • Carrier Code: R047
  • 4-Digit Zip Code: 5180
  • Zip Code: 40245

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,211
  • Tax Rate Code Area: 20

    Appraisal Valuation

  • Standard Deviation: 0.2097
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 71
  • Final Value: 567,656
  • High Value: 686,707
  • Low Value: 448,606

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $423,827
  • First Open Lien Mortgage Lender: PLAZA HOME MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Jun 25, 2020
  • First Open Lien Mortgage Loan Amount: $338,827
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2050
  • Second Open Lien Mortgage Lender: REPUBLIC BANK & TRUST CO.
  • Second Open Lien Mortgage Recording Date: Apr 05, 2023
  • Second Open Lien Mortgage Loan Amount: $85,000
  • Second Open Lien Mortgage Term: 120
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Mar 29, 2033

    Market Valuation

  • Market Total Value: $450,000
  • Market Land Value: $75,000
  • Market Improvement Value: $375,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $450,000
  • Assessed Land Value: $75,000
  • Assessed Improvements Value: $375,000

    Sales

  • Current Sale Contract Date: Jun 19, 2020
  • Current Sale Recording Date: Jun 25, 2020
  • Current Sale Transaction ID: 11772118742
  • Current Sale Price: $450,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2020120656
  • Previous Sale Recording Date: Jun 14, 2005
  • Previous Sale Contract Date: Jun 09, 2005
  • Previous Sale Amount: $318,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PLAZA HOME MORTGAGE INC
  • First Mortgage Transaction Date: Jun 25, 2020
  • First Mortgage Loan Amount: $338,827
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2050

    Previous Mortgages

  • Previous Mortgage Lender: JPMORGAN CHASE BANK NA
  • Previous Mortgage Transaction Date: Jun 14, 2005
  • Previous Mortgage Loan Amount: $175,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage
  • Previous Mortgage Loan Due Date: Jul 01, 2035

About East Louisville



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 842 Lake Forest Parkway located in?
The 842 Lake Forest Parkway is a located in the neighborhood of East Louisville in East Louisville, Louisville.
What is the average sales price for listings in 842 Lake Forest Parkway?
The average sales price for units in 842 Lake Forest Parkway is $0 currently.

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