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8703 Chelmer Lane

8703 Chelmer Lane, Louisville, KY 40220
Sold May 27, 2022
$142,000
$172,125 by United Wholesale Mortgage
Mortgage Due Jul 01, 2050
Sold Dec 22, 2021
$166,600
$194,940 by Golden Empire Mortgage Inc
Mortgage Due Dec 22, 2022
Local assessors in Louisville, KY have categorized 8703 Chelmer Lane as a residential type of property. The home was built in 1998 and is 26 years old. The property's lot size has been calculated to be 5,972 square feet. The linear feet between the front and back of the lot was measured at 1,030 ft and the front of the lot was measured at 580 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 4 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 8703 Chelmer Lane has a total of 1,700 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 finished improved basement that is 730 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 attached garage for those who need a place to park their vehicle. The garage on the property is 420 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 - A-. The building has a hip style roof that was made of composition shingle. Lots of alum/vinyl siding 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 central air conditioning for their cooling system. The home's a central heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 8703 Chelmer Lane was last sold in May 26, 2022 for $142,000. According to our calculations, that's $83.53 per sqft. Prior to that sales transaction, the property was sold for $166,600 in Dec 20, 2021. Current property owners are expected to pay $2,377 in taxes per year. The property on 8703 Chelmer Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $203,500. To break that down further, the land itself was valued at $47,000. While improvements to the property were assessed at a total of $156,500. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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.

Building Features

Exterior

Stucco Exterior

Driveway

Driveway

Parking

Attached Garage
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Total Rooms: 4
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: A-
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • 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: Finished improved basement
  • Basement Area: 730
  • Garage Type: Attached
  • Garage Square Area: 420
  • Parking Space Count: 2
  • Patio Type: Patio

    Dimensions

  • Lot Size Square Feet: 5,972
  • Lot Size Depth Feet: 1,030
  • Lot Size Frontage Feet: 580
  • Total Building Area: 1,700
  • Building Area: 1,700
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,700
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: STONY BROOK WOODS
  • Land Acres: 0.137
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: 0.1371 AC+- LOT 80 STONY BROOK WOODS PB 39 PG 40 WS CHELMER LN 58 X 103 AVG

Ownership

  • Current Owner : EMPIRE REALTY LLC
  • Previous Owner : HUDNELL MICHAEL W
  • Owner Before Previous Owner: LOUISVILLE REAL ESTATE INVESTORS LLC
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Jefferson County School District
  • Census Tract: 011111

Zoning

  • Zoning: R7-RESIDEN

Geography

  • Account Number: 08416051
  • District: 143001
  • Parcel: 22257700800000
  • Lot: 80
  • Municipality: JEFFERSON CO FIRE PROTECTION
  • Latitude: 38.2111
  • Longitude: -85.6

    Address

  • Full Address: 8703 Chelmer Ln
  • Address - House Number: 8703
  • Address - Street Name: Chelmer
  • Address - Suffix Type: Ln
  • State: KY
  • City Name: Louisville
  • Carrier Code: C037
  • 4-Digit Zip Code: 4104
  • Zip Code: 40220

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,377
  • Tax Rate Code Area: 01

    Appraisal Valuation

  • Standard Deviation: 0.2473
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 65
  • Final Value: 293,961
  • High Value: 366,677
  • Low Value: 221,246

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $172,125
  • First Open Lien Mortgage Lender: UNITED WHOLESALE MORTGAGE
  • First Open Lien Mortgage Recording Date: Jun 18, 2020
  • First Open Lien Mortgage Loan Amount: $172,125
  • 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: Jul 01, 2050

    Market Valuation

  • Market Total Value: $203,500
  • Market Land Value: $47,000
  • Market Improvement Value: $156,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $203,500
  • Assessed Land Value: $47,000
  • Assessed Improvements Value: $156,500

    Sales

  • Current Sale Contract Date: May 26, 2022
  • Current Sale Recording Date: May 27, 2022
  • Current Sale Transaction ID: 11888826581
  • Current Sale Price: $142,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 122684
  • Previous Sale Recording Date: Dec 22, 2021
  • Previous Sale Contract Date: Dec 20, 2021
  • Previous Sale Amount: $166,600
  • Previous Sale Document Type: Special Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: GOLDEN EMPIRE MORTGAGE INC
  • Previous Mortgage Transaction Date: Dec 22, 2021
  • Previous Mortgage Loan Amount: $194,940
  • Previous Mortgage Term: 12
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Dec 22, 2022

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Frequently Asked Questions

What neighborhood is 8703 Chelmer Lane located in?
The 8703 Chelmer Lane is a house located in the neighborhood of East Louisville in East Louisville, Louisville.
What is the average sales price for listings in 8703 Chelmer Lane?
The average sales price for units in 8703 Chelmer Lane is $0 currently.

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