Score
0Louisville, KY
2100 Hounz Ln
253K
3 beds
1 baths
993 sqft
3 bd • 1 ba • 993 sf
This analysis was generated on 2/13/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 0:00
List Price
$253,000
Price/Sq.Ft
$255
Year Built
1956
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
• Affordable price per square foot: At $254.78 per square foot, the property is competitively priced compared to the Louisville average, which can range from $275 to $350 per square foot, making it an attractive option for budget-conscious buyers.
• Low flood and fire risk: The property has a minimal flood risk (1/10) and fire risk (1/10), translating to lower insurance costs and reduced concerns about potential damage from these hazards. The flood zone is X_UNSHADED.
• Convenient location with easy access to amenities: The property is situated in a desirable location with convenient access to shopping, dining, and entertainment options. The description highlights the 'Location, Location, Location!' aspect, emphasizing its prime positioning.
• Fenced backyard ideal for families and pets: The generously sized, fully fenced backyard offers a secure and private space for outdoor activities, making it appealing to families with children and/or pets.
The Bad
• Smaller square footage compared to the average Louisville home: At 993 sq ft, the property is smaller than the average single-family home in Louisville, which is typically around 1,500-2,000 sq ft. This may feel cramped for larger families or those accustomed to more living space.
• Only one bathroom: Having only one bathroom can be inconvenient for families, especially during peak morning and evening hours. Homes with multiple bathrooms tend to be more desirable.
• Lower ratings for middle and high schools: Westport Middle School (4/10) and Waggener High School (1/10) have lower ratings compared to other schools in the Louisville area. This may be a concern for buyers with school-aged children.
• Limited property features listed: The lack of specific property features in the listing may indicate a lack of modern amenities or upgrades. Buyers should inquire about the presence of desirable features like granite countertops, stainless steel appliances, or updated bathrooms.
The Ugly
• Significant price increase since the last sale in 2000: The property sold for $93,000 in 2000 and is now listed for $253,000, representing a substantial increase in value. While price appreciation is normal, buyers should carefully evaluate whether the current price is justified by market conditions and property improvements. A 177.3% increase from the January 2025 listing price of $93,000 is a red flag.
• Property description relies on generic phrases: The description uses phrases like 'cozy ranch-style home,' 'freshly painted walls,' and 'updated flooring,' which are common in real estate listings but lack specific details. Buyers should verify the quality and extent of these updates during a property viewing.
• Potential for outdated systems and appliances: Built in 1956, the property may have outdated systems and appliances that could require replacement or upgrades. Buyers should inquire about the age of the HVAC system, water heater, and appliances to assess potential maintenance costs.
• Rapid price changes: The property experienced a 1.9% price decrease after a 177.3% price increase. These rapid price fluctuations can indicate uncertainty about the property's market value.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
• Buyers seeking an affordable single-family home in Louisville: The property offers a relatively lower price point compared to the median home price in the area, potentially making it accessible for first-time buyers or those on a budget. The estimated monthly mortgage payments, coupled with property taxes and insurance, should be evaluated to ensure affordability.
• Individuals or small families prioritizing convenience and accessibility: The central location provides convenient access to local amenities, schools, and major roadways. The one-car attached garage and fenced backyard also offer practical benefits.
• Buyers interested in a property with rental income potential: With estimated 3-bedroom rental rates in the area around $1800/month, the property could serve as a source of passive income, especially if the buyer plans to live in it temporarily or rent it out in the future.
• Buyers comfortable with a property that may require updates or renovations: The property, built in 1956, might need some modernizing. Buyers should consider their willingness to undertake cosmetic improvements or renovations to align the property with current design preferences.
Not For
• Buyers seeking a modern, move-in-ready home without renovations: Given the property's age (built in 1956), some updates or renovations may be desired to align with modern design preferences. Buyers seeking a completely renovated home may find this property less appealing.
• Individuals or families prioritizing top-rated schools: While Bowen Elementary has a decent rating (6/10), the middle and high schools have lower ratings (4/10 and 1/10, respectively). Buyers with school-aged children who prioritize high-ranking schools may want to consider other neighborhoods.
• Buyers with multiple vehicles or storage needs: The property features a one-car attached garage. Buyers requiring ample parking or significant storage space may find the garage insufficient.
• Individuals highly sensitive to air quality: The property's air quality risk is rated as moderate (3/10), with an average of 2 bad air days per year. Buyers with respiratory issues may want to consider properties in areas with lower air quality risks.
Demographics
Area Median Income
$91,647
Property History
Price History
Ownership Timeline
Property Taxes
$1,164
2020 Tax Assessment
0.0%from previous year
Assessed Value$100,630
Tax Rate1.16%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
Data provided by Shadowmap
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Schools
Nearby school quality by education level
Middle
4.0/10
AverageHigh
1.0/10
Below AverageFinancials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,000
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$253,000
Price/sqft
$255
Layout
3 bd•1 ba
Days on market
26 daysat time of analysis
Stats in the Area
Based on 2 comparable properties nearby
Average Price
$162,500
55.7%
Your price is 55.7% above average
Median Price
$230,000
10.0%
Based on 2 recent sales
Price per Sq.Ft
$162
57.3%
Your price is 57.3% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 1816 Wickham Way, Louisville, KY 40223 | $230,000 | 1,053 | 3 | 1 | $21814.3% | 11/1/2024 |
| 9612 Westport Rd #9, Louisville, KY 40241 | $95,000 | 899 | 2 | 1 | $10658.5% | 9/21/2024 |
1816 Wickham Way, Louisville, KY 40223
Price: $230,000
Sq.Ft: 1,053
Beds/Baths: 3/1
$/Sq.Ft:
$21814.3%
Sale Date: 11/1/2024
9612 Westport Rd #9, Louisville, KY 40241
Price: $95,000
Sq.Ft: 899
Beds/Baths: 2/1
$/Sq.Ft:
$10658.5%
Sale Date: 9/21/2024
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