14 days on rocket

541 E Ormsby Ave, Louisville, KY, 40203

$215,000

Home List Price

$2,553*

Closing Credit

0 Baths
3,140 SqFt
$68/SqFt
Multi
Schools Nearby

Location

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541 E Ormsby Ave, Louisville$215,000

Buyer Closing Credits

$2,553*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Garage1 space
Year Built1906
HeatingNatural Gas
MLS #1660773
Lot Size0.08 Acres
StatusActive

About 541 E Ormsby Ave

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Tri-Level
  • Year Built: 1906
  • Living Area: 3,140 SqFt

Listing Office:

  • Office Name: EXP Realty LLC

Exterior Features

Exterior Information:

  • Exterior: Patio, Out Buildings

Parking Information:

  • Garage Space: 1 space

Lot Features

Lot Information:

  • Lot: Corner Lot, Sidewalk
  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas

School Info

Assigned Schools Information:

  • Brown School, Public District Grades KG-12
  • Atherton High School, Public District Grades 9-12
  • Meyzeek Middle School, Public Magnet Grades 6-8
  • Western 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: Jackson St to E Ormsby

Price Information

Listing Price Info

Price Summary:

  • List Price: $215,000
  • Price Per SqFt: $68/SqFt

Tax Information:

  • Annual Amount: $1,116
  • 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

$245.9K

Med. Price/SqFt

$179

Avg. Days On Market

18

# of Sold Homes

754

541 E Ormsby Ave vs Louisville

14 DAYS ON ROCKET

-4 Days

$215,000

-$30.9K Less

$68/SqFt

-$112 Less

KEY TAKEAWAY

This property is $30.9K less than the Median Sold Price and $112/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: #1660773

Listing Office:

  • Office Name: EXP Realty LLC

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: 5/29/2024, 12:50:39 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

Jan 07, 2020Home Sold
$70,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,116$81,230
2019$1,089$81,230
2018$1,059$81,230
2017$1,059$81,230

History based on county public records data.

Payment Calculator

$1,141

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$711

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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-4233500
1
/10

  • Engelhard Elementary School

  • 1004 S 1st St

  • 0.70 miles

  • Public District Grades PK-5

school-card-donut-4233501
4
/10

  • Lincoln Elementary Performing Arts

  • 930 E Main St

  • 1.69 miles

  • Public District Grades KG-5

Middle School

school-card-donut-4233502
5
/10

  • Meyzeek Middle School

  • 828 S Jackson St

  • 0.72 miles

  • Public Magnet Grades 6-8

school-card-donut-4233503
3
/10

  • Western Middle School

  • 2201 W Main St

  • 3.03 miles

  • Public District Grades 6-8

High School

school-card-donut-4233504
10
/10

  • Brown School

  • 546 S 1st St

  • 1.36 miles

  • Public District Grades KG-12

school-card-donut-4233505
9
/10

  • Atherton High School

  • 3000 Dundee Rd

  • 3.35 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,092. Residents of Louisville, KY typically earn between $35k-100k each year. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Kentucky›Jefferson County›Louisville›40203›541 E Ormsby Ave

This home is located at 541 E Ormsby Ave in Louisville, KY and zip code 40203 in the Shelby Park neighborhood. This 3,140 square foot home, which was built in 1906, sits on a 0.08 acre lot. It has been listed on Rocket Homes since May 14, 2024 and is currently priced at $215,000.

In April 2024, from all listings sold in Louisville, KY there were more than 237 sold above asking price, over 318 sold below and more than 199 were sold right at the asked price. The inventory of homes for sale in Louisville, KY between March 2024 and April 2024 increased by 3.6%. In April 2024 median list price was $245,988 and the average listing age was 18 days.

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

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