Review of Highwood Condominium Association Louisville, KY

 

Small House in Greenland.

Highwood Condominium Association: Located off of Mellwood Avenue about 1/5th of a mile from the intersection of Mellwood and Zorn Avenues.

General Description: According to the Master Deed, this complex was built in the early 1980s and consists of eight, secured, two story, brick buildings holding 128 individual units. Each unit is a 1-bedroom (28), 2-bedroom (80) or 3-bedroom (20) ranch style dwelling. The two and three bedroom units have two full baths, while the one bedroom units have single bathrooms. The typical sizes of these units are 750, 1100 and 1250 square feet, respectively. There are no garages or covered parking and each unit is assigned one parking space. Owners may rent their units and dogs weighing less than 16 pounds are allowed. Every unit has a separate storage closet measuring about 6’x6’x8’. Highwood also offers an on-site manager, which is unusual, but very helpful.

 

Common Area Features: This complex includes an in ground swimming pool and a clubhouse with a lounge and coin operated laundry.

 

Neighborhood Features: Very convenient to downtown Louisville (10 minutes). Interstate 71 is two minutes away, which connects to other expressways running in every direction. There are two malls, restaurants, and grocery shopping, just minutes away. You are also very close to the bridges leading to Indiana.

Recent Sales (Updated info): During the year ended 12/26/13, a total of 9 units were sold: three 1-bedrooms,  five 2-bedrooms and one 3-bedrooms. The contract prices on the 1-bedroom units ranged from $55,000 to $64,500. The 2-bedroom units ranged from $67,000 to $84,000, with one sold at $75k being a foreclosure. The three bedroom unit sold for $95.0k. The maintenance fees range from $140 to $240 per month, depending on the size of the unit.  Not FHA approved as of December 2013.

Suitability for Downsizers (New Info) : This condo complex is suitable for persons in the process of downsizing, due to its very convenient location and the general safety of the immediate neighborhood. Here is a link to a prior post which discusses important issues to be considered, prior to making an offer on a condominium. It is based upon my 11+ years of experience as a Realtor and my 16+ years as an owner and occasional board member at Hurstbourne Ridge Condominiums.

As shown by the map, the area north of Brownsboro Road has some issues, however. Here’s a link to the criminal activity that occurred in that general area between 11/1/2011 and 11/1/2012. http://bit.ly/U7itID

Feel free to add your comments, if you have additional useful information about this complex.

Photo courtesy of Flickr.com and I Love Greenland’s Photostream.

Typical view of building.

 

 

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