4 months on rocket

Sale Pending

1279 S Preston St, Louisville, KY, 40203

$435,000

Home List Price

$5,166*

Closing Credit

0 Baths
4,688 SqFt
$93/SqFt
Condo
Schools Nearby

Location

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1279 S Preston St, Louisville$435,000

Buyer Closing Credits

$5,166*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Year Built1890
HeatingElectric, Forced Air, Natural Gas, Heat Pump, Zoned, Ductless
CoolingCentral Air
MLS #1653753
StatusSale Pending
(Pending)

About 1279 S Preston St

Check out this updated cash flowing 7 Plex with $6,000/month of rental income. This building has been significantly renovated over the past several years with five units rehabbed and rented out to Veterans using the metro section 8 voucher program. The C2 zoning allows for a great deal of flexibility with this building for opportunities for short term rentals, retail, office space or continued multifamily housing. 2024 voucher increases are a plus for this building and opportunity to rehab and increase rents for several more units. Located in the up and coming area of Shelby Park, this multifamily is a perfect addition to an existing portfolio or a great way to start to build a portfolio. Property Professionally managed. Current rent roll is $5,000/month with gross potential after renting last unit increases to $5,925/month. Property has electric water heater paid by owner. All units metered out for electric. Rent Roll and financials available upon request.

Property Details

Property Features

Property Information:

  • Architectural Style: Select One
  • Year Built: 1890
  • Living Area: 4,688 SqFt

Listing Office:

  • Office Name: PML Real Estate Group LLC

Exterior Features

Exterior Information:

  • Exterior: None

Utilities

Utilities Information:

  • Heating: Electric, Forced Air, Natural Gas, Heat Pump, Zoned, Ductless
  • Cooling: Central Air

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: Take St Catherine W off I-65 S. Turn right onto St Catherine. Turn left onto S First. Left onto E Oak St. Right onto S Preston. Property is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $435,000
  • Price Per SqFt: $93/SqFt

Tax Information:

  • Annual Amount: $2,817
  • 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

$249.2K

Med. Price/SqFt

$181

Avg. Days On Market

30

# of Sold Homes

837

1279 S Preston St vs Louisville

128 DAYS ON ROCKET

+98 Days

$435,000

+$185.7K More

$93/SqFt

-$88 Less

KEY TAKEAWAY

This property is $185.7K more than the Median Sold Price and $88/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: #1653753

Listing Office:

  • Office Name: PML Real Estate Group 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: 6/9/2024, 5:20:54 PM 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 30, 2021Home Sold
$30,000
Apr 16, 2018Home Sold
$295,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,817$205,000
2019$2,750$205,000
2018$3,959$303,750
2017$3,959$303,750

History based on county public records data.

Payment Calculator

$2,239

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,371

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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-3040943
1
/10

  • Engelhard Elementary School

  • 1004 S 1st St

  • 0.57 miles

  • Public District Grades PK-5

school-card-donut-3040944
4
/10

  • Lincoln Elementary Performing Arts

  • 930 E Main St

  • 1.75 miles

  • Public District Grades KG-5

Middle School

school-card-donut-3040945
5
/10

  • Meyzeek Middle School

  • 828 S Jackson St

  • 0.71 miles

  • Public Magnet Grades 6-8

school-card-donut-3040946
3
/10

  • Western Middle School

  • 2201 W Main St

  • 2.88 miles

  • Public District Grades 6-8

High School

school-card-donut-3040947
10
/10

  • Brown School

  • 546 S 1st St

  • 1.30 miles

  • Public District Grades KG-12

school-card-donut-3040948
9
/10

  • Atherton High School

  • 3000 Dundee Rd

  • 3.53 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

Frequently Asked Questions About 1279 S Preston St

What is the listing price of this property?

The listing price of 1279 S Preston St property is $435,000.

What type of property is this?

The property 1279 S Preston St is a condo located in Louisville, Kentucky, 40203.

Is this property for sale now?

Sale Pending: 1279 S Preston 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 1279 S Preston St are:
Engelhard Elementary School: GreatSchools Rating 1/10
Lincoln Elementary Performing Arts: GreatSchools Rating 4/10
Meyzeek Middle School: GreatSchools Rating 5/10
Western Middle School: GreatSchools Rating 3/10
Brown School: GreatSchools Rating 10/10
Atherton High School: GreatSchools Rating 9/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,817 (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 30, 2021 for $30,000. (source: MLS/tax record).

What is the square footage of this property?

The property 1279 S Preston St is 4,688 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1279 S Preston St is 1890.

Rocket Homes›Kentucky›Jefferson County›Louisville›40203›1279 S Preston St

This home is located at 1279 S Preston St in Louisville, KY and zip code 40203 in the Shelby Park neighborhood. This 4,688 square foot home was built in 1890. It has been listed on Rocket Homes since February 01, 2024 and is currently priced at $435,000.

Over 278 listings were sold over their listed price in May 2024 in Louisville, KY. In the same period over 325 listings were sold below the listed price and 234 listings were sold for the listed price. The number of homes for sale in Louisville, KY increased by 5.3% between April 2024 and May 2024. While the average time on the market in May 2024 was 30 days, the median list price was $249,242.

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

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