Good catch on those numbers! While the total footprint including the basement is much larger, the 1,850 sq ft of above-grade living space is the metric that will drive your appraisal. In this pocket of Louisville, a renovated home of this size is a strong asset.
Based on recent sales for upgraded properties in 40215, you are looking at a target range of $135 to $155 per square foot. If you maximize the layout and—most importantly—add a second bathroom, your exit price looks very promising compared to your $145,000 purchase price.
| Property Detail | Estimated Value |
| :--- | :--- |
| Conservative ARV | $250,000 |
| Aggressive ARV | $285,000 |
| Price Per Sq Ft | $135 - $154 |
| Potential Monthly Rent | $1,450 - $1,650 |
To hit the higher end of that valuation, keep these tips in mind:
The Second Bath is Key: A 3-bed, 1-bath at 1,850 sq ft is a mismatch. Adding a primary suite bathroom is your single biggest value-add.
Highlight the Character: The listing mentions ornate trim and wood finishes. Restoring these rather than replacing them with cheap modern finishes will appeal to the neighborhood's buyers.
Basement Utility: Since there is an exterior entry, even keeping the basement unfinished but clean and dry adds massive storage value for renters or future buyers.