T
Seller's Agent in 2022
Team Panella
Keller Williams Louisville East
(502) 554-9500
1 in this area
159 Total Sales
1938 Frankfort Ave Louisville, KY 40206
Clifton NeighborhoodEstimated Value: $635,901
6
Beds
3.5
Baths
3,944
Sq Ft
$161/Sq Ft
Est. Value
Highlights
- Deck
- No HOA
- Central Air
- Barret Traditional Middle School Rated A-
- Porch
- 4-minute walk to Bingham Park
About This Home
As of December 2022Make a great return with THIS BIG home (sleeps up to 15) with adding a Short term rental, VRBO, Airbnb to your investment portfolio. Furnished & already producing income. ZONED COMMERCIAL. No CUP needed. Recently renovated with updates in many aspects of the home. Totally new first floor layout & 3rd floor bedroom/family room area. New windows, large amount of new Plumbing, electrical/lighting updates. Beautiful new deck & courtyard type atmosphere with a working fountain. Perfect for the large get togethers that create a great income. This is the perfect spot for groups with 1 King, 6 Queens, & 1 Single bed, there will be plenty of space for everyone! This home has it all. Financials in Documents.... Each of the bedrooms have a least one luxurious bed with 600 thread count sheets & luxurious pillows. There's a King bed in the primary bedroom, along with a walk-in closet, & a large en-suite bathroom.
There are two large living rooms - the first serves as the perfect gathering spot for the family or friends before heading out for the night. The second on the 3rd floor is the perfect spot to enjoy a movie night, with a 55" TV. There's also a beautiful kitchen with everything that you'll need for gas cooking, a wonderful dining area, & a large patio and backyard.
Additionally, there is a fully stocked kitchen with appliances and eat in dining room area. Just off the back is a perfect coffee room or small deck outside overlooking a large backyard.
This home will remind you of old Louisville. While it enjoys modern amenities, you will be surrounded by all the history of a home that was built in 1910. This historic home is the perfect spot for a short term rental. Close to downtown, as well as Frankfort, the Highlands or St. Matthews. It has an enormous 3950 square foot floor plan from first floor, 2nd floor to 3rd.
There is tons of space at this property, so you'll never feel crowded. Outdoor parking behind the fenced home & on the street in front of the house as well.
Last Agent to Sell the Property
Keller Williams Louisville East Brokerage Email: scott@teampanella.com License #64660 Listed on: 09/01/2022
Co-Listed By
Keller Williams Louisville East Brokerage Email: scott@teampanella.com License #208489
Last Buyer's Agent
Keller Williams Louisville East Brokerage Email: scott@teampanella.com License #64660 Listed on: 09/01/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,805
Year Built
- Built in 1910
Lot Details
- Lot Dimensions are 50x200
- Property is Fully Fenced
- Privacy Fence
Home Design
- Brick Exterior Construction
- Poured Concrete
- Shingle Roof
Interior Spaces
- 3,944 Sq Ft Home
- 3-Story Property
- Basement
Bedrooms and Bathrooms
- 6 Bedrooms
Outdoor Features
- Deck
- Porch
Utilities
- Central Air
- Heating System Uses Natural Gas
- Geothermal Heating and Cooling
Community Details
- No Home Owners Association
- Frankfort Place Subdivision
Listing and Financial Details
- Legal Lot and Block 0023 / 069H
- Assessor Parcel Number 069H00230000
- Seller Concessions Not Offered
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 21, 2021
Closed on
Dec 22, 2021
Sold by
Estes Richard K and Estes Jamie B
Bought by
Cohen Gerald and Fitch Joshua
Seller's Agent
Joanne Owen
Kentucky Select Properties
Buyer's Agent
Scott Panella
Keller Williams Louisville East
List Price
$599,000
Sold Price
$530,000
Premium/Discount to List
-$69,000
-11.52%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,901
Avg. Annual Appreciation
4.95%
Original Mortgage
$357,500
Interest Rate
2.98%
Mortgage Type
New Conventional
Purchase Details
Closed on
Apr 3, 2006
Sold by
Jones Md Whitney F and Jones Walton H
Bought by
Estes Richard K and Estes Jamie B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
6.2%
Mortgage Type
Construction
Purchase Details
Closed on
Dec 22, 2001
Sold by
Estes Richard K and Estes Jamie B
Bought by
Cohen Gerald and Fitch Joshua
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,500
Interest Rate
2.98%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cohen Gerald | $530,000 | None Available | |
| Estes Richard K | $250,000 | None Available | |
| Cohen Gerald | $530,000 | None Listed On Document |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | 1300 E Washington Llc | $300,000 | |
| Open | 1938 Frankfort Llc | $786,250 | |
| Closed | Cohen Gerald | $357,500 | |
| Previous Owner | Estes Jamie B | $328,000 | |
| Previous Owner | Estes Richard K | $49,000 | |
| Previous Owner | Estes Richard K | $334,000 | |
| Previous Owner | Estes Richard K | $325,000 | |
| Previous Owner | Cohen Gerald | $357,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/23/2022 12/23/22 | Sold | $863,500 | -6.6% | $219 / Sq Ft |
| 09/01/2022 09/01/22 | For Sale | $925,000 | +74.5% | $235 / Sq Ft |
| 12/22/2021 12/22/21 | Sold | $530,000 | -11.5% | $134 / Sq Ft |
| 10/26/2021 10/26/21 | Pending | -- | -- | -- |
| 09/21/2021 09/21/21 | For Sale | $599,000 | -- | $152 / Sq Ft |
Source: Metro Search (Greater Louisville Association of REALTORS®)
Tax History Compared to Growth
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 | $6,805 | $530,000 | $192,660 | $337,340 |
| 2023 | $7,113 | $530,000 | $192,660 | $337,340 |
| 2022 | $7,208 | $376,890 | $192,660 | $184,230 |
| 2021 | $5,444 | $376,890 | $192,660 | $184,230 |
| 2020 | $4,653 | $338,640 | $192,660 | $145,980 |
| 2019 | $4,543 | $338,640 | $192,660 | $145,980 |
| 2018 | $4,485 | $338,640 | $192,660 | $145,980 |
| 2017 | $4,414 | $338,640 | $192,660 | $145,980 |
| 2013 | $2,500 | $250,000 | $86,440 | $163,560 |
Source: Public Records
Agents Affiliated with this Home
-
Team Panella
-
Scott Panella
Seller Co-Listing Agent in 2022
Scott Panella
Keller Williams Louisville East
(502) 371-1169
2 in this area
158 Total Sales
-
Howard Lindsey
Buyer Co-Listing Agent in 2022
Howard Lindsey
Keller Williams Louisville East
(502) 727-8702
1 in this area
80 Total Sales
-
Joanne Owen
Seller's Agent in 2021
Joanne Owen
Kentucky Select Properties
(502) 648-5330
2 in this area
146 Total Sales
Map
Source: Metro Search (Greater Louisville Association of REALTORS®)
MLS Number: 1621250
APN: 069H00230000
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. Copyright 2025 Metro Search, Inc.
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