4 months on rocket

Backup Offers

2053 May Ave, Louisville, KY, 40217

$200,000

Home List Price

$2,375*

Closing Credit

0 Baths
1,193 SqFt
$168/SqFt
Multi

Location

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2053 May Ave, Louisville$200,000

Buyer Closing Credits

$2,375*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1924
HeatingForced Air, Natural Gas
CoolingCentral Air
MLS #1668303
Lot Size0.08 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 2053 May Ave

If you are looking for 2 units in a phenomenal area of Louisville, KY then you have FOUND IT! This duplex is the definition of RENOVATED and READY TO GO! This property consists of a 2 bed, 1 bath house and a studio in the back. This is your chance to acquire a property that should have little maintenance and capex items due to the significant amount of renovations done by the owner. With a current rent roll of $1930, this property has a great foundation in place that can only be made better by increasing the rents-which is your value add opportunity! The best part of this property is LOCATION, LOCATION, LOCATION as it is in a phenomenal area for all types of investment properties: student housing, long term rentals, mid term rentals, etc. The possibilities are limited only by your own This area is also great on value-having seen a 42% increase in sales price over the last 5 years. This investment has everything you want in a property-so what are you waiting for? Make an offer today, before it's gone!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1924
  • Living Area: 1,193 SqFt

Listing Office:

  • Office Name: Keller Williams Louisville East

Exterior Features

Exterior Information:

  • Exterior: None

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: I65 to Exit 134 to Arthur St. Turn on E Brandeis Ave. Turn on S Preston St. Turn right onto E Barbee Ave. Turn left on May Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $200,000
  • Price Per SqFt: $168/SqFt

Tax Information:

  • Annual Amount: $1,054
  • 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

$254.8K

Med. Price/SqFt

$186

Avg. Days On Market

125

# of Sold Homes

653

2053 May Ave vs Louisville

127 DAYS ON ROCKET

+2 Days

$200,000

-$54.8K Less

$168/SqFt

-$18 Less

KEY TAKEAWAY

This property is $54.8K less than the Median Sold Price and $18/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: #1668303

Listing Office:

  • Office Name: Keller Williams Louisville East

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: 12/22/2024, 7:21:04 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

May 26, 2020Home Sold
$55,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,054$76,720
2019$1,029$76,720
2018$1,000$76,720
2017$1,000$76,720

History based on county public records data.

Payment Calculator

$1,066

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$666

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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-908817
1
/10

  • Shelby Elementary School

  • 735 Ziegler St

  • 0.44 miles

  • Public Magnet Grades KG-5

school-card-donut-908818
1
/10

  • Cochran Elementary School

  • 500 W Gaulbert Ave

  • 1.03 miles

  • Public District Grades KG-5

school-card-donut-908819
7
/10

  • Audubon Traditional Elementary School

  • 1051 Hess Ln

  • 1.12 miles

  • Public Magnet Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,924. Typical income of Louisville, KY residents is between $35k-100k annually. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Kentucky›Jefferson County›Louisville›40217›2053 May Ave

This home is located at 2053 May Ave in Louisville, KY and zip code 40217 in the Saint Joseph neighborhood. This 1,193 square foot home, which was built in 1924, sits on a 0.08 acre lot. It has been listed on Rocket Homes since August 17, 2024 and is currently priced at $200,000.

Louisville, KY housing market in November 2024 saw over 183 listings sold above listed price, more than 190 sold at listed price and over 280 sold below. In November 2024 in Louisville, KY there were 3.1% less homes for sale than in October 2024. While the average time on the market in November 2024 was 125 days, the median list price was $254,840.

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

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