516 East Ormsby Avenue

Local assessors in Louisville, KY have categorized 516 East Ormsby Avenue as a residential type of property. The home was built in 1895 and is 129 years old. The property's lot size has been calculated to be 3,598 square feet. The linear feet between the front and back of the lot was measured at 1,440 ft and the front of the lot was measured at 250 ft. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 516 East Ormsby Avenue has a total of 2,158 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - C. Residents rely on no air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Feb 22, 2023 for $282,500. That's $130.91 per sqft. Prior to that sales transaction, the property was also sold in Apr 27, 2021 for $205,000. 516 East Ormsby Avenue was last assessed in 2023. The total value of the property was assessed at $205,000. Specifically, the land the property is located on was valued at $15,500. While improvements on the property were assessed at a total of $189,500. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $2,751. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.