3 months on rocket

1906 Dorothy Ave, Louisville, KY, 40205

$1,336,000

Home List Price

$10,000*

Closing Credit

0 Baths
7,806 SqFt
$171/SqFt
Condo

Location

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1906 Dorothy Ave, Louisville$1,336,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Garage8 spaces
Year Built1927
HeatingForced Air
MLS #1667280
StatusActive

About 1906 Dorothy Ave

This well maintained eight unit multifamily property is located in an extremely desirable section of The Highlands, steps from Cherokee Park on a quiet corner, and nestled among luxury single family homes - it does not get better. Each unit is quite large, approx. 850 SF, with a bedroom, a potential second bedroom (or sunroom), plus living room, dining room, kitchen and bathroom. There are hardwood floors throughout and charming built in storage, plus detached garage space for each tenant. LG&E is separately metered, with separate HVAC systems. Coin op laundry and additional tenant storage is also available on site. The roof is new from 2018. Rents are below market and there is significant room to increase revenue. This property is an excellent opportunity to invest in a rare, generational asset that will be a gem in any investment portfolio. The current tenants are mostly long term and pay well under-market rents. There is opportunity to increase revenue significantly.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1927
  • Living Area: 7,806 SqFt

Listing Office:

  • Office Name: PRG Commercial Property Advisors

Exterior Features

Exterior Information:

  • Exterior: Deck

Parking Information:

  • Garage Space: 8 spaces

Utilities

Utilities Information:

  • Heating: Forced Air

Other

Directions Information:

  • Directions: Cherokee Rd to Spring Dr. to Dorothy

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,336,000
  • Price Per SqFt: $171/SqFt

Tax Information:

  • Annual Amount: $8,245
  • 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

$252.6K

Med. Price/SqFt

$185

Avg. Days On Market

15

# of Sold Homes

750

1906 Dorothy Ave vs Louisville

106 DAYS ON ROCKET

+91 Days

$1,336,000

+$1.0M More

$171/SqFt

-$15 Less

KEY TAKEAWAY

This property is $1.0M more than the Median Sold Price and $15/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: #1667280

Listing Office:

  • Office Name: PRG Commercial Property Advisors

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: 11/18/2024, 3:20:55 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

Oct 10, 2019Home Sold
$600,000

Tax History

YEARPROP. TAXASSESSMENT
2020$8,245$600,000
2019$6,696$499,200
2018$6,506$499,200
2017$6,506$499,200

History based on county public records data.

Payment Calculator

$6,735

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,072

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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.

Nearby Schools

school-card-donut-811548
5
/10

  • Hawthorne Elementary School

  • 2301 Clarendon Ave

  • 1.46 miles

  • Public Magnet Grades KG-5

school-card-donut-811549
6
/10

  • Bloom Elementary School

  • 1627 Lucia Ave

  • 1.48 miles

  • Public District Grades KG-5

school-card-donut-811550
5
/10

  • Field Elementary School

  • 120 Sacred Heart Ln

  • 1.78 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $75,368. Residents of Louisville, KY typically earn between $35k-100k each year. Most families are single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1906 Dorothy Ave

What is the listing price of this property?

The listing price of 1906 Dorothy Ave property is $1,336,000.

What type of property is this?

The property 1906 Dorothy Ave is a condo located in Louisville, Kentucky, 40205.

Is this property for sale now?

Active Listing: 1906 Dorothy Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $8,245 (source: MLS/based on county public records data).

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

The last sale was on October 10, 2019 for $600,000. (source: MLS/tax record).

What is the square footage of this property?

The property 1906 Dorothy Ave is 7,806 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1906 Dorothy Ave is 1927.

Rocket Homes›Kentucky›Jefferson County›Louisville›40205›1906 Dorothy Ave

This home is located at 1906 Dorothy Ave in Louisville, KY and zip code 40205 in the Highlands Douglass neighborhood. This 7,806 square foot home was built in 1927. It has been listed on Rocket Homes since August 03, 2024 and is currently priced at $1,336,000.

While more than 211 listings in Louisville, KY in October 2024 were sold above asking price, there were more than 193 listings sold at asking price, and more than 346 were sold below. The inventory of homes for sale in Louisville, KY between September 2024 and October 2024 increased by 6.9%. In October 2024, listings were on the market for 15 days. During the same period, the median list price in this real estate market was $252,697.

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

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