5 months on rocket

Backup Offers

401 Gernert Ct, Louisville, KY, 40217

$329,500

Home List Price

$3,913*

Closing Credit

0 Baths
4,644 SqFt
$71/SqFt
Multi

Location

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401 Gernert Ct, Louisville$329,500

Buyer Closing Credits

$3,913*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1925
HeatingNatural Gas
CoolingCentral Air
MLS #1666195
Lot Size0.05 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 401 Gernert Ct

Great investment! Fully occupied 4 plex apartment building. Centrally located near Germantown/ University of Louisville, and on a bus line. The building is Zoned Enterprise Zone, (which allows many uses). Total monthly rent is $3,447.00. Prospective buyers- take advantage of the new mortgage guidelines for owner- occupied 1-4 family apartment buildings ( 5% down payment). Note: Seller is a licensed real estate broker in the state of Kentucky. Agents: Please read agent notes.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1925
  • Living Area: 4,644 SqFt

Listing Office:

  • Office Name: Sentry Realty LC

Exterior Features

Exterior Information:

  • Exterior: Porch

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Preston to Gernert Court

Price Information

Listing Price Info

Price Summary:

  • List Price: $329,500
  • Price Per SqFt: $71/SqFt

Tax Information:

  • Annual Amount: $1,121
  • 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

401 Gernert Ct vs Louisville

161 DAYS ON ROCKET

+36 Days

$329,500

+$74.6K More

$71/SqFt

-$115 Less

KEY TAKEAWAY

This property is $74.6K more than the Median Sold Price and $115/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: #1666195

Listing Office:

  • Office Name: Sentry Realty LC

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: 12/30/2024, 11:51:03 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 28, 2009Home Sold
$50,001
Jan 18, 2007Home Sold
$121,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,121$81,600
2019$1,094$81,600
2018$1,063$81,600
2017$1,063$81,600

History based on county public records data.

Payment Calculator

$1,712

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,054

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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-2292761
1
/10

  • Shelby Elementary School

  • 735 Ziegler St

  • 0.29 miles

  • Public Magnet Grades KG-5

school-card-donut-2292762
1
/10

  • Cochran Elementary School

  • 500 W Gaulbert Ave

  • 0.80 miles

  • Public District Grades KG-5

school-card-donut-2292763
1
/10

  • Engelhard Elementary School

  • 1004 S 1st St

  • 1.00 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 $30,733. Most Louisville, KY residents have annual incomes less than $35k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Kentucky›Jefferson County›Louisville›40217›401 Gernert Ct

This home is located at 401 Gernert Ct in Louisville, KY and zip code 40217 in the Merriwether neighborhood. This 4,644 square foot home, which was built in 1925, sits on a 0.05 acre lot. It has been listed on Rocket Homes since July 22, 2024 and is currently priced at $329,500.

Over 183 listings were sold over their listed price in November 2024 in Louisville, KY. In the same period over 280 listings were sold below the listed price and 190 listings were sold for the listed price. Between October 2024 and November 2024, Louisville, KY real estate market has seen decrease in the number of listings by 3.1%. 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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