503 Wallace Ave
Louisville, KY, 40207
$
385,000
Bedrooms3
Baths2.0
Sq
2,320
Monthly Estimate*
$
2,431
for $385,000 with 3 bedrooms and 2 full baths. This 2,320 square foot home was built in 1941 on a lot size of 0.15.
Welcome to 503 Wallace Avenue, a charming Cape Cod nestled in the heart of St. Matthews, just moments from the area's most popular shops, restaurants, and everyday conveniences. This beautifully maintained home offers 3 bedrooms**, 2 full baths, and 1 half bath, along with a fully finished basement designed for entertaining and everyday living. Step inside to a warm and inviting family room featuring a lovely fireplace and a picturesque bay window overlooking the front yard. Just beyond the main living area, you'll find a spacious kitchen complete with a cozy breakfast nook, perfect for casual dining and morning coffee. Off the kitchen is a versatile mudroom/office space with direct access to the rear yard, driveway, detached garage, and covered carport. The remainder of the first floor includes two comfortable bedrooms and a beautifully appointed hall bath. Upstairs, you'll find the space currently utilized as the primary suite**, offering a peaceful retreat with two generous closets and a full bath. The fully finished basement creates the ultimate recreational space for family and friends, featuring a full wet bar, wine cooler, and ample room for gatherings, movie nights, or game days. A cozy gas fireplace anchors the rear corner across from the wet bar, complete with TV hookups above for the perfect entertainment setup. Tucked beneath the stairs, you'll also find an adorable play nook that adds both charm and functionality. The basement additionally offers excellent storage space alongside the laundry area. Outside, enjoy the wonderful rear yard complete with a stone fire pit area ideal for relaxing and entertaining year-round. The property also includes a detached one-car garage and covered carport for additional parking and storage. Conveniently located near downtown St. Matthews, this home perfectly blends classic Cape Cod charm with modern functionality and exceptional entertaining spaces. **Please note: The second-floor space (approximately 301 sqft) is considered nonconforming by the appraiser that measured the property. However, the current owners have utilized this area as a third bedroom/primary suite.
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Features
General
Heating
Natural Gas
Cooling
Central Air
Utilities
Electricity Connected
Fuel:Natural
Roof
Shingle
HOA Fee
0
Garage Spaces
1
Architectural Style
Cape Cod
Construction Materials
Brick
Year Built
1941
Stories Count
2
Property Subtype
Single Family Residence
County
Jefferson
Property Type
Residential
HOA
false
Attached Garage
false
Subdivision Name
BRECKENRIDGE VILLA
Garage Y/N
true
Other Structures
Garage(s)
Total Rooms
10
Full Baths
2
Status
Active Under Contract
Directions
Brownsboro Road to Chenoweth Lane to Breckinridge Lane to Willis Ave to Wallace Ave to house
City
Louisville
High School District
Jefferson
MLS Area
03-Clifton/Crescent Hill/St Matthews
Lot Size Units
Acres
Lot Size Square Feet
6421
MLS Area Minor
03-Clifton/Crescent Hill/St Matthews
Standard Status
Active Under Contract
Tax Lot
0043
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Interior
Basement
Partially Finished
Total Fireplaces
1
Air Conditioning Y/N
true
Heating Y/N
true
Fireplace Y/N
true
Above Grade Finished Area
1359
Half Baths
0
Total Bedrooms
3
Below Grade Finished Area
660
Total Baths
2
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Exterior
Fencing
Chain Link
Parking Features
Detached
Entry Rear
Driveway
Lot Features
Sidewalk
Level
Water Source
Public
Lot Size Area
0.15
Foundation Details
Poured Concrete
Building Area Total
1359
Lot Dimensions
< 1/4 ACRE
Lot Size Acres
0.15
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* Excluded Features
List By
Kentucky Select Properties
Broker
mbarlow@kyselectproperties.com
Email
Affordability Calculator
- Monthly Principal & Interest
- $2,431
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
Single family listings in Louisville, KY
Average List Price
$355,465
Percent of Sale Price
8%
About Louisville, KY
240,969
Population
-5%
Since 2002
$
37,029
Median Income
37.52
Median Age
22%
Households with Children
Trends Information provided by ATTOM Data Solutions.
0
Elementary School
0
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
5/28/2026
|
$385,000
|
|
Listed Price
|