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Brandeis home sells for nearly $2 million less than list price

May 6, 2014

The Louisville home where the late U.S. Supreme Court Justice Louis Brandeis spent his childhood has been sold at auction and appears likely to continue to be used as medical offices.

More than 25 individuals attended the auction on April 24 inside the home at 310 E. Broadway in Louisville. The auction lasted about 40 minutes with 10 registered bidders participating.

SVN Auction Services handled the sale of the property.

“It will be a cherished treasure in downtown Louisville for years to come,” said Bill Menish, senior advisor at SVN.  

Although the property had attracted a lot of interest, the final selling price was $880,000, substantially lower than the listed price of $2.85 million. However, Menish attributed the lower figure to the glut of office space currently in the Louisville market.

The house has not been used as a home for several decades. After the Brandeis family moved out of the house, a German social group eventually bought the property and built a gymnasium connected to the back of the building. Since the 1980s, the house has contained doctors’ offices and a medical laboratory.

Menish did not identify the buyer but said the building, which is near the University of Louisville medical campus, will remain physicians’ offices.

The sale is expected to close in the next couple of weeks.


 

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