(502) 442-2030[email protected]
For Sale

516 Colorado Ave, Louisville, KY 40208, Louisville KY 40208

$1,800
3 bed · 2,000 sqft

This wonderful 3 bedroom, 2 full bath house is walking distance to UofL and close to the fraternities/sororities. It has easy access to downtown, the medical complex and a short drive to The Highlands. The bedrooms are all a nice size and have private access. This house features hardwood floors, central air, a remodeled kitchen, remodeled bathrooms, dishwasher, microwave, stove, refrigerator and washer ad dryer. There is a large fenced in yard with a deck. There is also an unfinished walkout basement and a one car garage. Laundry/mudroom on first floor. Pets considered. Available May 1, 2026

516 Colorado Ave, Louisville, KY 40208516 Colorado Ave, Louisville, KY 40208516 Colorado Ave, Louisville, KY 40208516 Colorado Ave, Louisville, KY 40208516 Colorado Ave, Louisville, KY 40208516 Colorado Ave, Louisville, KY 40208

CloseDaily local analysis

Facts and context beyond the MLS description

The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.

Current market context

How this home compares in Louisville

This home is offered at $1 per square foot, compared with a $169 median for active 3-bedroom homes in Louisville. Its asking price falls near the 1st percentile of that active group. The comparison uses 1,516 active or publicly marketable listings from the same local MLS source, filtered to the same bedroom group rather than mixing every property type and size together.

The property has been tracked for 0 days, while the current cohort averages 30 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.

$1Listing $/sqft
$169Cohort median $/sqft
1,516Comparable active listings
30 daysAverage market time

Nearby closed sales

Recent sold homes near this property

The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $46,600, and the median is $34 per square foot where square footage was reported.

Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.

AddressSoldHomeSold priceDistance
603 Montana Ave, Louisville, KY 40208 Jun 13, 2026 3 bd · 1,148 sqft $44,000 0.2 mi
616 Montana Ave, Louisville, KY 40208 Jun 13, 2026 2 bd · 1,166 sqft $25,000 0.2 mi
719 Compton St, Louisville, KY 40208 Jun 13, 2026 2 bd · 1,100 sqft $61,860 0.2 mi
423 Montana Ave, Louisville, KY 40208 Jun 13, 2026 3 bd · 975 sqft $30,000 0.2 mi
723 Compton St, Louisville, KY 40208 Jun 13, 2026 3 bd · 1,339 sqft $51,000 0.2 mi
2520 S Third St 500, Louisville, KY 40208 Jun 13, 2026 1 bd · 917 sqft $175,000 0.2 mi
513 M St, Louisville, KY 40208 Jun 13, 2026 3 bd · 1,640 sqft $49,200 0.3 mi
2715 S 3rd St, Louisville, KY 40202 Jun 13, 2026 2 bd · 1,724 sqft $30,000 0.4 mi

MLS timeline

Price and status history

This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.

  1. $1,800 · Active

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Similar active homes in Louisville

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