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741 Middle Way, Louisville, KY, 40206

4beds
4baths
3,166sqft
$615,000
$194price/sqft
$4,331/moest. monthly cost
$173,240/yrincome needed

About This Home

Welcome to 741 Middle Way — a beautifully maintained home in one of Louisville's most sought-after neighborhoods, just steps from Cherokee Park. This 4-bedroom, 3.5-bath home offers over 3,000 square feet of comfortable living space with a thoughtful floor plan designed for both daily life and entertaining. The spacious great room features abundant natural light and an easy flow to the dining and kitchen areas. A partially finished walk-up basement provides flexible space for a home office, recreation room, or playroom, along with ample storage. Outside, the fenced backyard offers privacy and a peaceful retreat, perfect for outdoor gatherings or play. Set on a quiet, tree-lined street, this home combines the charm of established St. Matthews living with the convenience of nearby parks, re staurants, and shops. Experience the best of location and lifestyle at 741 Middle Way.

Getting Around

31
WalkingCar-Dependent
0
TransitVery Limited Transit
24
BikeSomewhat Bikeable

Schools

5/10
Field Elementary SchoolGrades K-50.9 mi
5/10
Highland Middle SchoolGrades 6-81.6 mi
8/10
Atherton High SchoolGrades 9-122.1 mi

Construction

Condition

  • Year built: 1978

Materials

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • Construction materials: Vinyl Siding,Wood Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Partially Finished

Bedroom

  • Level: First

Bedroom

  • Level: Second

Bedroom

  • Level: Second

Bedroom

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Dining Room

  • Level: First

Family Room

  • Level: Second

Family Room

  • Level: Basement

Features

  • Finished area below ground: 580
  • Finished area above ground: 2,586

Full Bathroom

  • Level: First

Full Bathroom

  • Level: Second

Full Bathroom

  • Level: Second

Half Bathroom

  • Level: First

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,586
  • Total interior livable area: 3,166 sqft

Kitchen

  • Level: First

Laundry

  • Level: First

Living Room

  • Level: First

Property

Details

  • Parcel number: 05074B00670000

Features

  • Stories: 2
  • Patio & porch: Patio
  • Fencing: Partial

Lot

  • Lot size: 0.27 Acres
  • Features: Corner Lot,Cleared,Level

Parking

  • Total spaces: 2
  • Parking features: Attached,Entry Side,Driveway
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingRelatively High
  • Tornado
    TornadoRelatively High
  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Inland Flooding
Tornado
Earthquake
Heat Wave

FEMA Declared Disasters Across Kentucky Counties

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,109$37,308
Home Insurance *$355$4,260
Property Taxes $617$7,404
Electricity $250$3,000
Total$4,331$51,972
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$148,491/yr
40% on housing$129,930/yr
45% on housing$115,493/yr

Kentucky FAIR Plan Programs

Kentucky FAIR Plan Reinsurance Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,102Commercial: 175
Total Premiums$2.55M
Total Exposure$206.09M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.3%
6.3%
0%30.0%
Electricity Growth Rate10-year average: 6.0%
6.0%
0%15.0%
Property Taxes Growth Rate2-year average: 2.4%
2.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$194This listing

vs Other Active Listings

Avg $/sqft

ZIP 40206$143
Jefferson County$145

vs Homes Sold Last Month

Median $/sqft

ZIP 40206$219
Jefferson County$160

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-05Price change$625,000
2026-01-17Price change$650,000
2025-10-23Listed for sale$670,000
1994-11-29Sold$178,500

For Sale by Agent

AgentChristine Vaughan
BrokerageLegacy Home REALTORS

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