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The City of St. Matthews
The City of St. Matthews is in Louisville's East End. You will find established, quiet family-friendly neighborhoods that are within convenient proximity to one of Louisville's major shopping areas. St. Matthews features classic housing with price ranges from the low $100,000's to $1 million plus.
Two major shopping malls are situated in the St. Matthews area.
Oxmoor Center features Macy's, Von Maur, Dick's Sporting Goods, Banana Republic, and Coach, California Pizza Kitchen and Panera Bread, along with over 100 other specialty shops and restaurants. The 1.1 million square ft. Mall St. Matthews has more than 30 retailers not found elsewhere in the market including Brooks Brothers, Williams-Sonoma, and bebe. There are many smaller shopping centers and individual stores along the main corridor, Shelbyville Road.
There are three hospitals in St. Matthews: Baptist East Hospital , Norton Suburban Hospital , and Jewish Hospital East .
Brown Park is located on St. Matthew's Browns Lane, and features many asphalt walking trails, a pavilion with picnic tables, BBQ grills, and open areas for your enjoyment. It is situated on historic Beargrass Creek. Seneca Park at 3151 Pee Wee Reese Road has basketball courts, a 3.1 mile cross-country trail, a 2.1 mile walking path, horseback riding trails, picnic tables, playground and more.
St. Matthews Community Park is located just off Shelbyville Rd. and is home to St. Matthews Little Leauge. It has a children's play area, grills, natural walking paths and more.
Real Estate Tips
Pricing >Value Added Features
A recent study conducted by the National Center for Real Estate Research evaluated the features of a home based on what each contributes to the selling price.
According to the study, the feature that can most dramatically increase the value of a home is an additional full bathroom, upping the selling price by a remarkable 24 percent. Installing an extra half-bath can add 15 percent to the selling price. A garage, a fireplace and a central air conditioning unit each add a little more than 12 percent to the home's market value. A laundry room located on the main floor of the home increases its value by 15 percent, while a basement laundry room can potentially reduce the home's overall value. Homes with raised or vaulted ceilings sell for 6.2 percent more than identical homes with standard ceilings. Each extra bedroom increases the price by 4.1 percent. A family room adds 7.3 percent, and a dining room is worth 6.2 percent. A view of the water adds 7.8 percent, but a golf course view is better at 8.1 percent. A home built on the waterfront is worth 18 percent more than the same home in a landlocked location.
Every real estate market is different, so consult your real estate agent regarding the resale value of your home's special features.
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Real Estate Trivia
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What is considered one of the key elements of the American dream?
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| A |
Home ownership is considered to a key to the American dream; more than 2 million first-time buyers bought property last year. |
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