NOT LISTED FOR SALE

1900 Ramser Ct Unit 1900-04 Louisville, KY 40216

Estimated Value: $1,618,920

-- Bed
41 Baths
42,334 Sq Ft
$38/Sq Ft Est. Value

Last Sold April 29, 2016

Last sale price $757,700 $18 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $10,278/month

160 Days on Market

Highlights

  • Deck
  • Central Air
  • Heating System Uses Natural Gas
  • No HOA

About This Home

As of April 2016

LOOKING FOR UPSIDE POTENTIAL?? Here it is. This is a 41 unit offering. All of the units are 3 bedroom, one bath units that are only 17 years old. Average rents are 452.48 with a high of $703.00 and a low of $408.00. Lots of room for new management to have very significant income increases. Higher cash flow equals higher value. This is a KHC Deed Restricted property that requires some extra bookkeeping. Seller will provide new owner training in the bookkeeping requirements. Go to Fischersips.com to see the advantages these units have in construction. Most of these units even have Fire Sprinklers.

Last Agent to Sell the Property

David Parks

RE/MAX Properties East Brokerage Phone: 502-762-5896 License #176518 Listed on: 09/03/2015

RE/MAX Properties East

Last Buyer's Agent

Gary Aronov

Keller Williams Louisville East

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $21,143

Year Built

  • Built in 1998

Lot Details

  • 2.64

Home Design

  • 42,334 Sq Ft Home
  • Shingle Roof
  • Vinyl Siding

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tenant pays for gas, electric, cable
  • The owner pays for water, trash removal, sewer
  • Legal Lot and Block 0047, 0048 / 1009
  • Assessor Parcel Number 100900470000-100900480000

Property Details

Home Type

Apartment

Est. Annual Taxes

$21,143

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Cooling System: Central Air
  • Lot Dimensions: 2.64 Acres
  • Property Sub Type: Apartment
  • Property Type: MultiFamily
  • Attribution Contact: 502-762-5896
  • Subdivision Name: NONE
  • Above Grade Finished Sq Ft: 42334.0
  • Utilities Electricity Connected: Yes
  • Roof:Shingle: Yes
  • Cooling Central Air: Yes
  • ExteriorDeck: Yes
  • Utilities City Sewer: Yes
  • Owner Pays:Trash Removal: Yes
  • Special Features: None

Exterior Features

  • Roof: Shingle
  • Acres: 2.64
  • Construction Type: Wood Frame, Vinyl Siding
  • Exterior Features: Deck
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • General Property Description:_pound_ Parking Spaces: 55.0

Utilities

  • Utilities: City Sewer, City Water, Electricity Connected, Fuel:Natural
  • Green Building Features: Playground
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • HeatingYN: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 115000.0
  • ResoLotSizeUnits: Square Feet
  • Parcel #: 100900470000-100900480000
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Owner Pays: Water, Trash Removal, Sewer
  • Tenant Pays: Gas, Electric, Cable

Building Info

  • Year Built: 1998

Tax Info

  • Tax Block: 1009
  • Tax Lot: 0047, 0048

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 6, 2024
Sold by
Ramser Court Apartments Llc
Bought by
Newport Residential Llc
Current Estimated Value
$1,618,920

Purchase Details

Closed on
Jun 21, 2018
Sold by
Higlander Property Management Llc
Bought by
Ramser Court Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,050,000
Interest Rate
4.6%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Newport Residential Llc $1,570,000 None Listed On Document
Ramser Court Apartments Llc $1,300,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramser Court Apartments Llc $1,050,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2016 04/29/16 Sold $757,700 -22.7% $18 / Sq Ft
02/10/2016 02/10/16 Pending -- -- --
09/03/2015 09/03/15 For Sale $980,000 -- $23 / Sq Ft
Source: Metro Search, Inc.

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $21,143 $2,190,940 $164,000 $2,026,940
2023 $21,866 $2,190,940 $164,000 $2,026,940
2022 $13,026 $1,300,000 $117,500 $1,182,500
2021 $14,234 $1,300,000 $117,500 $1,182,500
2020 $13,091 $1,300,000 $117,500 $1,182,500
2019 $12,789 $1,300,000 $117,500 $1,182,500
2018 $2,569 $757,700 $117,500 $640,200
2017 $7,194 $757,700 $117,500 $640,200
2013 $6,830 $682,980 $236,080 $446,900
Source: Public Records

Agents Affiliated with this Home

  • David Parks

    Seller's Agent in 2016

    David Parks

    RE/MAX

    (502) 992-4184

    2 in this area

    79 Total Sales

    David Parks
    Section Image

  • G

    Buyer's Agent in 2016

    Gary Aronov

    Keller Williams Louisville East

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Map

Source: Metro Search, Inc.

MLS Number: 1429095

Metro Search, Inc.

APN: 100900480000

Kentucky Jefferson County Louisville 40216

1900 Ramser Ct Unit 1900-04, Louisville, KY

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