$322,000
SOLD MAR 18, 2022
2 Beds
2 Baths
1,411 Sq Ft
137.7 Acres

Recently Sold

$228 Per Sq Ft

4% Below List Price

112 Days on Market

Highlights

  • Patio
  • Forced Air Heating and Cooling System
  • 1 Car Garage
  • Greathouse Shryock Traditional Elementary School Rated A-

About This Home

As of March 2022

Come enjoy the urban architecture and design of this stunning 2 bedroom 2 bathroom condo in the historic Mercantile Lofts building in NuLu. Enjoy the building's industrial vibe as it blends the history with a modern and contemporary flair. The condo has large windows overlooking Market Street and provides incredible natural light. The open floor plan, exposed ceilings, brick walls, modern lighting, and stained concrete floors bestow a unique sense of old and new. The kitchen has granite countertops and a center island that opens to the dining area, then rolls on into the comfy and spacious living room with an artistic wall and views of the city. The primary bedroom has new contemporary lighting and a modular closet system with plenty of space. The primary bathroom has been updated with a large walk in shower with subway tile, a bench and rain shower faucet. The second bedroom also has an ensuite bathroom with a shower tub combination. There is a dedicated laundry closet with enough room for a side by side washer and dryer. Now, let's talk about the building's amenities. As you enter the building you are greeted with secure glass doors that lead to the lounge area with billiard and poker tables, a conference room and charming library as well as a catering kitchen for entertaining. Also included is the exercise room, a private courtyard with BBQ grills and outdoor furnishings, the bike garage and secured parking garage. Come enjoy downtown living at it's finest with close proximity to the LouCity soccer stadium, the Yum Center, Kentucky Center, Louisville Slugger Field and numerous local restaurants, shops and bars. The property is FHA approved.

Last Agent to Sell the Property

Ashley Parker

Parker & Klein Real Estate License #201408 Listed on: 10/21/2021

Last Buyer's Agent

Melody Malone

RE/MAX Properties East License #185065

RE/MAX Properties East

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,134

Year Built

  • Built in 1889

Parking

  • 1 Car Garage

Home Design

  • 1,411 Sq Ft Home
  • Flat Roof Shape
  • Brick Exterior Construction

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Patio
  • Forced Air Heating and Cooling System

Community Details

  • Property has a Home Owners Association
  • Association fees include ground maintenance, snow removal, trash, water
  • Mercantile Lofts Subdivision
  • 1-Story Property

Listing and Financial Details

  • Legal Lot and Block 0212 / 017Z
  • Assessor Parcel Number 017Z021200000
  • Seller Concessions Not Offered

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,134

Year Built

Built in 1889

Lot Details

0

Parking

1

Listing Details

  • Cooling System: Central Air
  • Stories: 1
  • Property Sub Type: Condominium
  • Property Type: Residential
  • Garage Yn: Yes
  • Reso Association Fee Includes: Maintenance Grounds, Snow Removal, Trash, Water
  • Subdivision Name: MERCANTILE LOFTS
  • Above Grade Finished Sq Ft: 1411.0
  • Architectural Style: Contemporary
  • ResoBuildingAreaSource: Other
  • Utilities Electricity Connected: Yes
  • Full Bathroom Level: First
  • Rooms:Living Room5: Yes
  • Primary Bathroom Level: First
  • Primary Bedroom Level: First
  • Cooling Central Air: Yes
  • Sewer:Public Sewer: Yes
  • Architectural Style:Contemporary: Yes
  • Special Features: None

Interior Features

  • Basement: None
  • Bedroom Level: First
  • Dining Area Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Total Bedrooms: 7
  • Stories: 5
  • ResoLivingAreaSource: Other
  • Other Rooms:Dining Area: Yes
  • Basement:None6: Yes

Exterior Features

  • Fencing: None
  • Roof: Flat
  • Construction Type: Brick
  • Patio And Porch Features: Patio
  • Construction:Brick3: Yes
  • ConstructionSiding:Roof Flat: Yes

Garage/Parking

  • Garage Spaces: 1.0
  • General Property Description:Garage Spaces: 1

Utilities

  • Utilities: Electricity Connected
  • Cooling Y N: Yes
  • Heating: Electric, Forced Air
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Sub Condo Amenities Fha Approved As Of: 2021-06-06
  • Sub Condo Amenities Location Of Parking: Garage
  • Association Fee: 6716.0
  • Association: Yes

Schools

  • Junior High Dist: Jefferson

Lot Info

  • ResoLotSizeUnits: Acres
  • Parcel #: 017Z021200000
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built: 1889

Tax Info

  • Tax Block: 017Z
  • Tax Lot: 0212

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2021
Closed on
Mar 18, 2022
Sold by
Clark Erin F and Clark William S
Bought by
Patel Shivang
Seller's Agent
Ashley Parker
Parker & Klein Real Estate
Buyer's Agent
Melody Malone
RE/MAX Properties East
List Price
$335,000
Sold Price
$322,000
Premium/Discount to List
-$13,000
-3.88%
Current Estimated Value
$360,155

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,155
Avg. Annual Appreciation
2.24%
Original Mortgage
$305,900
Outstanding Balance
$289,022
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$59,028

Purchase Details

Closed on
Nov 15, 2021
Sold by
Clark Erin F and Clark William S
Bought by
Clark Erin F and Clark William S

Purchase Details

Listed on
Aug 4, 2015
Closed on
Mar 25, 2016
Sold by
Meridian Group Llc
Bought by
Inscoe Angelia
Seller's Agent
Stacey Sherrard
RE/MAX Champions
Buyer's Agent
Ashley Parker
Parker & Klein Real Estate
List Price
$319,900
Sold Price
$299,000
Premium/Discount to List
-$20,900
-6.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.61%
Original Mortgage
$353,240
Interest Rate
3.65%

Purchase Details

Listed on
Jan 19, 2012
Closed on
Nov 29, 2012
Sold by
Meacantile Gallery Lofts Llc
Bought by
Linscoe Angleia L
Seller's Agent
Colin Underhill
Pluris Realty
Buyer's Agent
Stacey Sherrard
RE/MAX Champions
List Price
$279,000
Sold Price
$295,000
Premium/Discount to List
$16,000
5.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.41%
Original Mortgage
$289,656
Interest Rate
3.25%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed -- Rounsavall Title
Quit Claim Deed $299,000 None Listed On Document
Warranty Deed $347,000 Upland Title Llc
Warranty Deed $295,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $305,900 New Conventional
Previous Owner $25,000 No Value Available
Previous Owner $353,240 No Value Available
Previous Owner $289,656 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2022 03/18/22 Sold $322,000 -3.9% $228 / Sq Ft
02/10/2022 02/10/22 Pending -- -- --
10/21/2021 10/21/21 For Sale $335,000 +12.0% $237 / Sq Ft
03/25/2016 03/25/16 Sold $299,000 -6.5% $212 / Sq Ft
01/16/2016 01/16/16 Pending -- -- --
08/03/2015 08/03/15 For Sale $319,900 +8.4% $227 / Sq Ft
11/29/2012 11/29/12 Sold $295,000 +5.7% $209 / Sq Ft
10/29/2012 10/29/12 Pending -- -- --
01/19/2012 01/19/12 For Sale $279,000 -- $198 / 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 $4,134 $322,000 $0 $322,000
2023 $4,321 $322,000 $0 $322,000
2022 $4,066 $299,000 $0 $299,000
2021 $4,334 $299,000 $0 $299,000
2020 $4,109 $299,000 $0 $299,000
2019 $4,011 $299,000 $0 $299,000
2018 $3,960 $299,000 $0 $299,000
2017 $3,897 $299,000 $0 $299,000
2013 -- $295,000 $0 $295,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro Search, Inc.

MLS Number: 1599102

Metro Search, Inc.

APN: 017Z02120000