Cottage / Storybook home in Saint Matthews, KY
Set in Saint Matthews, KY, this Cottage home provides 3 bedrooms and 2 bathrooms across 1,987 square feet. It sits within the greater Louisville, KY area.
| Price | $399,000 |
|---|
| Beds | 3 |
|---|
| Baths | 2 |
|---|
| Sqft | 1987 |
|---|
| Architectural style | Cottage / Storybook (50% match) |
|---|
| Address | 203 Iola Rd, Saint Matthews, KY 40207 |
|---|
Why buy this home
- Confirmed Cottage / Storybook architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Trulia.
Is this a good buy?
Priced above comparable homes.
- At $399K, this home is 38% above the $290K median for 265 similar Cottage / Storybook homes in Louisville, KY.
- That works out to $201 per square foot, 7% above the $188 comparable rate.
- New to market (3 days), so expect competition.
| This home | $399,000 |
|---|
| Cottage / Storybook median in Louisville, KY | $289,900 (265 homes) |
|---|
| Price per sq ft | $201 vs. $188 comps median |
|---|
Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $2,620/month with 20% down at a 7.28% 30-year fixed rate. You would need about $112,268 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $2,184/mo |
|---|
| Property tax (new-buyer reassessed rate) | $286/mo |
|---|
| Homeowners insurance | $150/mo |
|---|
| Total monthly | $2,620/mo |
|---|
| Down payment (20%) | $79,800 |
|---|
| Income needed | $112,268/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home C- (52 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | C- (52/100) |
|---|
| Beats renting in | 6% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $158,885 |
|---|
| Range (10th to 90th pct) | $84,218 to $245,564 |
|---|
A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Louisville, KY where local data is thin.
Local home values
Typical home values in Louisville, KY have risen about 22% over the past 5 years (+2% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Trulia