NOT LISTED FOR SALE

541 E Ormsby Ave Louisville, KY 40203

Shelby Park Neighborhood

Estimated Value: $164,000 - $183,438

-- Bed
2 Baths
3,440 Sq Ft
$50/Sq Ft Est. Value

Last Sold October 10, 2024

Last sale price $152,500 $44 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,070/month

126 Days on Market

Highlights

  • No HOA
  • Patio
  • Heating System Uses Natural Gas
  • Meyzeek Middle School Rated A-
  • 1 Car Garage

About This Home

As of October 2024

An exceptional development opportunity in the heart of Shelby Park. This corner commercial unit, with C2 zoning, is strategically located 3 blocks from Shelby Street, surrounded by a thriving residential community. The property's prime location offers an unparalleled opportunity for investors and developers. This property presents a unique canvas with variances already secured for the demolition and reconstruction of an accessory rear unit and a front exterior awning.

Priced competitively, this property offers diverse potential uses, including residential units, short-term rentals (Airbnb), and/or commercial uses. Its adaptable layout and zoning designation provide a rare chance to capitalize on the burgeoning demand for mixed-use spaces in this sought-after neighborhood.

Last Agent to Sell the Property

Jonathan Klunk

EXP Realty LLC License #251476 Listed on: 05/14/2024

EXP Realty LLC

Last Buyer's Agent

Ryan Brown

RE/MAX Premier Properties License #219755

RE/MAX Premier Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1906

Lot Details

  • 3,049

Parking

  • 1 Car Garage

Home Design

  • Triplex
  • Shingle Roof
  • Vinyl Siding

Outdoor Features

  • Patio
  • Outbuilding

Additional Features

  • Lot Dimensions are 135' x 25'
  • Heating System Uses Natural Gas
  • Basement

Community Details

  • No Home Owners Association
  • Shelby Park Subdivision

Listing and Financial Details

  • Legal Lot and Block 0128 / 023D
  • Assessor Parcel Number 023D01280000
  • Seller Concessions Not Offered

Property Details

Home Type

Multi-Family

Year Built

Built in 1906

Lot Details

0

Parking

1

Listing Details

  • Lot Dimensions: 135' X 25'
  • Property Sub Type: Triplex
  • Property Type: MultiFamily
  • Garage Yn: Yes
  • Subdivision Name: SHELBY PARK
  • Above Grade Finished Sq Ft: 3140.0
  • Architectural Style: Tri-Level
  • ResoBuildingAreaSource: Other
  • Utilities Electricity Connected: Yes
  • Roof:Shingle: Yes
  • Utilities City Sewer: Yes
  • Special Features: None

Interior Features

  • Basement YN: Yes
  • Below Grade Sq Ft: 300.0

Exterior Features

  • Roof: Shingle
  • Acres: 0.08
  • Construction Type: Wood Frame, Vinyl Siding
  • Exterior Features: Patio, Out Buildings
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Garage Spaces: 1.0

Utilities

  • Utilities: City Sewer, City Water, Electricity Connected, Fuel:Natural
  • Heating: Natural Gas
  • HeatingYN: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 3375.0
  • ResoLotSizeUnits: Square Feet
  • Parcel #: 023D01280000
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Year Built: 1906

Tax Info

  • Tax Block: 023D
  • Tax Lot: 0128

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2024
Closed on
Oct 10, 2024
Sold by
541 E Ormsby Ave Llc
Bought by
Ormsby Property Llc
Seller's Agent
Jonathan Klunk
EXP Realty LLC
Buyer's Agent
Ryan Brown
RE/MAX Premier Properties
List Price
$215,000
Sold Price
$152,500
Premium/Discount to List
-$62,500
-29.07%
Views
102
Current Estimated Value
$173,719

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,219
Avg. Annual Appreciation
11.57%

Purchase Details

Listed on
Oct 21, 2019
Closed on
Jan 3, 2020
Sold by
Cleary Mary Beth
Bought by
541 E Ormsby Llc
Seller's Agent
Kim Farris
Schuler Bauer Real Estate Services ERA Powered
Buyer's Agent
Kathleen Messenger
Keller Williams Collective
List Price
$84,900
Sold Price
$70,000
Premium/Discount to List
-$14,900
-17.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.73%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ormsby Property Llc $152,500 None Listed On Document
541 E Ormsby Llc $70,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2024 10/10/24 Sold $152,500 -7.6% $44 / Sq Ft
09/18/2024 09/18/24 Pending -- -- --
09/04/2024 09/04/24 Price Changed $165,000 -10.8% $48 / Sq Ft
08/05/2024 08/05/24 Price Changed $185,000 -2.6% $54 / Sq Ft
07/22/2024 07/22/24 Price Changed $190,000 -2.6% $55 / Sq Ft
07/01/2024 07/01/24 Price Changed $195,000 -9.3% $57 / Sq Ft
05/14/2024 05/14/24 For Sale $215,000 +207.1% $63 / Sq Ft
01/03/2020 01/03/20 Sold $70,000 -17.6% $25 / Sq Ft View Prior Sale
10/29/2019 10/29/19 Pending -- -- --
10/18/2019 10/18/19 For Sale $84,900 -- $30 / 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
2025 $1,922 $152,500 $22,000 $130,500
2024 $1,224 $95,340 $22,000 $73,340
2023 $1,332 $99,230 $22,000 $77,230
2022 $1,350 $99,230 $22,000 $77,230
2021 $1,429 $99,230 $22,000 $77,230
2020 $1,116 $81,230 $14,000 $67,230
2019 $1,090 $81,230 $14,000 $67,230
2018 $1,076 $81,230 $14,000 $67,230
2017 $1,059 $81,230 $14,000 $67,230
2013 $788 $78,780 $18,680 $60,100
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Klunk

    Seller's Agent in 2024

    Jonathan Klunk

    EXP Realty LLC

    (502) 410-8181

    1 in this area

    108 Total Sales

    Jonathan Klunk
    Section Image

  • R

    Buyer's Agent in 2024

    Ryan Brown

    RE/MAX

    (502) 889-0122

    2 in this area

    53 Total Sales

    Ryan Brown
    Section Image

  • J

    Buyer's Agent in 2024

    James Brown

    Semonin Realty

  • K

    Seller's Agent in 2020

    Kim Farris

    Schuler Bauer Real Estate Services ERA Powered

    (502) 644-4117

    44 Total Sales

    Kim Farris
    Section Image

  • K

    Buyer's Agent in 2020

    Kathleen Messenger

    Keller Williams Collective

See All Agents

Map

Source: Metro Search, Inc.

MLS Number: 1660773

Metro Search, Inc.

APN: 023D01280000

Kentucky Jefferson County Louisville 40203 Shelby Park

541 E Ormsby Ave, Louisville, KY

Not Listed for Sale

MultiFamily

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