514 Iowa Ave Louisville, KY 40208
Churchill Downs NeighborhoodEstimated payment $517/month
Total Views
9,997
1
Bed
1
Bath
832
Sq Ft
$96
Price per Sq Ft
Highlights
- No HOA
- Forced Air Heating System
- 4-minute walk to G.G. Moore Park
About This Home
Investor Alert! This 1-bedroom, 1-bath home offers immediate rental income with a brand-new 12-month lease in place at $850/month.Ideally located less than a mile from the University of Louisville and just minutes from Churchill Downs, this property is full of potential. With the option toconvert it into a 2-bedroom layout, it's a smart pick for long-term rental, short-term rental, or a fix-and-flip project. A little TLC could go a long way in boostingvalue. Property is being sold as-is—don't miss your chance to step into a cash-flowing investment from day one!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $969
Year Built
- Built in 1910
Home Design
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 832 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Utilities
- Forced Air Heating System
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 050J01080000
Map
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Home Values in the Area
Average Home Value in this Area
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 | $969 | $75,500 | $12,000 | $63,500 |
| 2023 | $757 | $56,410 | $12,000 | $44,410 |
| 2022 | $577 | $42,450 | $7,000 | $35,450 |
| 2021 | $615 | $42,450 | $7,000 | $35,450 |
| 2020 | $583 | $42,450 | $7,000 | $35,450 |
| 2019 | $569 | $42,450 | $7,000 | $35,450 |
| 2018 | $551 | $41,580 | $11,000 | $30,580 |
| 2017 | $542 | $41,580 | $11,000 | $30,580 |
| 2013 | $279 | $27,900 | $8,500 | $19,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/12/2025 05/12/25 | For Sale | $80,000 | 0.0% | $96 / Sq Ft |
| 04/08/2025 04/08/25 | Rented | $850 | +13.3% | -- |
| 03/31/2025 03/31/25 | Price Changed | $750 | -11.8% | $1 / Sq Ft |
| 03/11/2025 03/11/25 | Price Changed | $850 | -5.6% | $1 / Sq Ft |
| 02/27/2025 02/27/25 | For Rent | $900 | -- | -- |
Source: Metro Search (Greater Louisville Association of REALTORS®)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $25,000 | Borders & Borders | |
| Quit Claim Deed | -- | Freibert & Mattingly Title G | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $52,800 | New Conventional | |
| Closed | $61,600 | New Conventional | |
| Closed | $52,200 | Construction |
Source: Public Records
Similar Homes in Louisville, KY
Source: Metro Search (Greater Louisville Association of REALTORS®)
MLS Number: 1686598
APN: 050J01080000
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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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