1 month on rocket

Sale Pending

1221 S 3rd St, Louisville, KY, 40203

$620,000

Home List Price

$7,363*

Closing Credit

0 Baths
4,500 SqFt
$138/SqFt
Condo
Schools Nearby

Location

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1221 S 3rd St, Louisville$620,000

Buyer Closing Credits

$7,363*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1972
HeatingForced Air, Natural Gas
CoolingCentral Air
MLS #1655905
Lot Size0.17 Acres
StatusSale Pending
(Pending)

About 1221 S 3rd St

Calling all investors! 1221 South 3rd Street presents a great opportunity to own an apartment building in the heart of Old Louisville. This brick building boasts 12 studio units, each featuring its own separate furnace and water heater, many of which have been recently upgraded. Situated in historic Old Louisville, residents have easy access to the University of Louisville, the hospital complex, easy interstate access, and the best of the neighborhood's restaurants, shops, and entertainment. Studios are easy to rent and rarely stay vacant, ensuring a steady stream of income. Residents enjoy the benefits of on-site paved off-street parking and easy access to public transportation. Don't miss out on this chance to own a piece of Louisville's thriving rental market! Contact us

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1972
  • Living Area: 4,500 SqFt

Listing Office:

  • Office Name: RE/MAX Premier Properties

Exterior Features

Exterior Information:

  • Exterior: Balcony, Deck

Lot Features

Lot Information:

  • Lot: Sidewalk
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Brown School, Public District Grades KG-12
  • Jeffersontown High School, Public Magnet Grades 9-12
  • Western Middle School, Public District Grades 6-8
  • Highland Middle School, Public District Grades 6-8
  • Engelhard Elementary School, Public District Grades PK-5
  • Lincoln Elementary Performing Arts, Public District Grades KG-5

Other

Directions Information:

  • Directions: South 3rd St, between E Oak and E Ormsby on left side of street. 3rd is One Way.

Price Information

Listing Price Info

Price Summary:

  • List Price: $620,000
  • Price Per SqFt: $138/SqFt

Tax Information:

  • Annual Amount: $4,699
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Louisville, KY.

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Louisville, KY

City

Med. Sold Price

$245.1K

Med. Price/SqFt

$178

# of Sold Homes

701

1221 S 3rd St vs Louisville

52 DAYS ON ROCKET

$620,000

+$374.8K More

$138/SqFt

-$41 Less

KEY TAKEAWAY

This property is $374.8K more than the Median Sold Price and $41/SqFt less than other homes in Louisville, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Metro Search (Greater Louisville Association of REALTORS®)
  • MLS Number: #1655905

Listing Office:

  • Office Name: RE/MAX Premier Properties

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 10:20:22 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 09, 2007Home Sold
$329,000

Tax History

YEARPROP. TAXASSESSMENT
2020$4,699$342,000
2019$4,587$342,000
2018$4,129$316,800
2017$4,129$316,800

History based on county public records data.

Payment Calculator

$3,162

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,925

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-1173762
2
/10

  • Engelhard Elementary School

  • 1004 S 1st St

  • 0.35 miles

  • Public District Grades PK-5

school-card-donut-1173763
5
/10

  • Lincoln Elementary Performing Arts

  • 930 E Main St

  • 1.86 miles

  • Public District Grades KG-5

Middle School

school-card-donut-1173764
4
/10

  • Western Middle School

  • 2201 W Main St

  • 2.41 miles

  • Public District Grades 6-8

school-card-donut-1173765
3
/10

  • Highland Middle School

  • 1700 Norris Pl

  • 2.92 miles

  • Public District Grades 6-8

High School

school-card-donut-1173766
8
/10

  • Brown School

  • 546 S 1st St

  • 1.13 miles

  • Public District Grades KG-12

school-card-donut-1173767
1
/10

  • Jeffersontown High School

  • 9600 Old Six Mile Ln

  • 9.87 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $20,369. Residents of Louisville, KY typically earn less than $35k each year. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1221 S 3rd St

What is the listing price of this property?

The listing price of 1221 S 3rd St property is $620,000.

What type of property is this?

The property 1221 S 3rd St is a condo located in Louisville, Kentucky, 40203.

Is this property for sale now?

Sale Pending: 1221 S 3rd St is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 1221 S 3rd St are:
Engelhard Elementary School: GreatSchools Rating 2/10
Lincoln Elementary Performing Arts: GreatSchools Rating 5/10
Western Middle School: GreatSchools Rating 4/10
Highland Middle School: GreatSchools Rating 3/10
Brown School: GreatSchools Rating 8/10
Jeffersontown High School: GreatSchools Rating 1/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $4,699 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on April 9, 2007 for $329,000. (source: MLS/tax record).

What is the square footage of this property?

The property 1221 S 3rd St is 4,500 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1221 S 3rd St is 1972.

Rocket Homes›Kentucky›Jefferson County›Louisville›40203›1221 S 3rd St

This home is located at 1221 S 3rd St in Louisville, KY and zip code 40203 in the Old Louisville neighborhood. This 4,500 square foot home, which was built in 1972, sits on a 0.17 acre lot. It has been listed on Rocket Homes since March 06, 2024 and is currently priced at $620,000.

In March 2024, from all listings sold in Louisville, KY there were more than 192 sold above asking price, over 317 sold below and more than 192 were sold right at the asked price. The number of listings in Louisville, KY increased by 6.7% between February 2024 and March 2024.

From Rocket Homes Real Estate and based on county public records data.

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