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8501 River Terrace Drive

8501 River Terrace Drive, Louisville, KY 40258
Sold Nov 19, 2021
$132,000
Sold Oct 07, 2016
$132,000
$105,600 by Stock Yards Bank & Trust Co
Mortgage Due Nov 01, 2046
Local assessors in Louisville, KY have categorized 8501 River Terrace Drive as a residential type of property. The home was built in 1900 and is 124 years old. The property's lot size has been calculated to be 1,174,280 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a condo style. As for the restroom situation, there is one full bathroom. There is also a partial bathroom. 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 8501 River Terrace Drive has a total of 1,478 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. 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 gable style roof that was made of composition shingle. Lots of brick 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. 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, 8501 River Terrace Drive was last sold in Nov 15, 2021 for $132,000. According to our calculations, that's $89.31 per sqft. Prior to that sales transaction, the property was sold for $132,000 in Oct 4, 2016. Current property owners are expected to pay $2,020 in taxes per year. The property on 8501 River Terrace Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $215,000. While improvements to the property were assessed at a total of $215,000. 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. 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. 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: 1900
  • Effective Year Built: 1900
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Condo
  • Exterior Walls Type: Brick
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,174,280
  • Total Building Area: 1,478
  • Building Area: 1,478
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,478
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CONDOMINIUM
  • Land Acres: 26.957
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: UNIT 11A, BLDG 11 RIVER FOREST COURTYARD HOMES CONDOMINIUMS

Ownership

  • Current Owner : VELTMAN HERMAN P
  • Current Owner 2: SOWERS DONAH D
  • Previous Owner : VELTMAN HERMAN P
  • Owner Before Previous Owner: COOKE KIMBERLY ANN
  • Owner Before Previous Owner 2: RITCHIE BRIDGET ALISIA
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Jefferson County School District
  • Census Tract: 012410

Geography

  • Account Number: 00612042
  • District: 500009
  • Parcel: 252956011A0000
  • Municipality: PLEASURE RIDGE PARK
  • Latitude: 38.1534
  • Longitude: -85.8674

    Address

  • Full Address: 8501 River Terrace Dr
  • Legal Unit: 11A-11
  • Address - House Number: 8501
  • Address - Street Name: River Terrace
  • Address - Suffix Type: Dr
  • State: KY
  • City Name: Louisville
  • Carrier Code: C077
  • 4-Digit Zip Code: 5439
  • Zip Code: 40258

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,020
  • Tax Rate Code Area: 09

    Appraisal Valuation

  • Standard Deviation: 0.0885
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 92
  • Final Value: 198,179
  • High Value: 215,718
  • Low Value: 180,640

    Market Valuation

  • Market Total Value: $215,000
  • Market Improvement Value: $215,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $215,000
  • Assessed Improvements Value: $215,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Nov 15, 2021
  • Current Sale Recording Date: Nov 19, 2021
  • Current Sale Transaction ID: 11868680090
  • Current Sale Price: $132,000
  • Current Sale Document Type: Quit Claim Deed
  • Current Sale Input Document Number: 2021291940
  • Previous Sale Recording Date: Oct 07, 2016
  • Previous Sale Contract Date: Oct 04, 2016
  • Previous Sale Amount: $132,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: STOCK YARDS BANK & TRUST CO
  • Previous Mortgage Transaction Date: Oct 07, 2016
  • Previous Mortgage Loan Amount: $105,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2046

About West Louisville



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Frequently Asked Questions

What neighborhood is 8501 River Terrace Drive located in?
The 8501 River Terrace Drive is a located in the neighborhood of Pleasure Ridge Park in West Louisville, Louisville.
What is the average sales price for listings in 8501 River Terrace Drive?
The average sales price for units in 8501 River Terrace Drive is $0 currently.

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