5507 Forest Lake Dr
Prospect, KY 40059
2 bd 2 ba 2,693 sqft Built 1985 condos
Most recent sale
$291,200
Apr 15, 2024
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Apr 15, 2024 | Sold | $291,200 | Louisville |
| Mar 20, 2024 | Listed | $299,000 | Louisville |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $291,200 | — | $291,200 | $3,249 |
| 2024 | $291,200 | — | $291,200 | $1,771 |
| 2023 | $202,000 | — | $202,000 | $1,802 |
| 2022 | $202,000 | — | $202,000 | $1,876 |
| 2021 | $142,690 | — | $142,690 | $1,282 |
| 2020 | $142,690 | — | $142,690 | $1,191 |
| 2019 | $142,690 | — | $142,690 | $1,167 |
| 2018 | $142,690 | — | $142,690 | $1,167 |
| 2017 | $142,690 | — | $142,690 | $1,102 |
| 2016 | $142,690 | — | $142,690 | $1,115 |
| 2015 | $155,790 | — | $155,790 | $1,257 |
| 2014 | $155,790 | — | $155,790 | $1,266 |
| 2013 | $155,790 | — | $155,790 | $1,266 |
| 2012 | $155,790 | — | $155,790 | $1,275 |
| 2011 | $155,790 | — | $155,790 | $1,247 |
| 2010 | — | — | $122,090 | $1,249 |
| 2009 | — | — | $122,090 | $1,212 |
Property facts
Year built
1985
Property type
condos
Stories
1
Beds
2
Baths
2
Living area
2,693 sqft
Lot size
—
ZIP code
40059
City
Prospect
Street
Forest Lake Dr
Coordinates
38.33024, -85.62605
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,747
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 5507 Forest Lake Dr last sell?
5507 Forest Lake Dr most recently sold on Apr 15, 2024 for $291,200.
What is the current tax assessment for 5507 Forest Lake Dr?
The most recent total assessment for 5507 Forest Lake Dr (year 2025) is $291,200 with $3,249 in property tax.
How does 5507 Forest Lake Dr's assessment compare to its last sale price?
The current assessment is 0.0% above the last sale price of $291,200.
When was 5507 Forest Lake Dr built?
5507 Forest Lake Dr was built in 1985.
How does 5507 Forest Lake Dr compare to others on Forest Lake Dr?
We track 8 other properties on Forest Lake Dr. Browse the list under "Other properties on Forest Lake Dr" to compare beds, baths, and sale history.
What are the property facts for 5507 Forest Lake Dr?
5507 Forest Lake Dr is a 2 bed, 2 bath, 2,693 sqft condos.
Is 5507 Forest Lake Dr a flip candidate?
No — 5507 Forest Lake Dr does not appear in our flips dataset.
Is 5507 Forest Lake Dr a tax-appeal candidate?
No — 5507 Forest Lake Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.2%
Implied 1-yr
+12.8%
2026 Q3
$971.5K
2026 Q4
$997.2K
ZIP 40059 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Forest Lake Dr