NOT LISTED FOR SALE

1022 Majestic Oaks Way Simpsonville, KY 40067

Estimated Value: $1,018,800 - $1,302,000

4 Beds
5.5 Baths
7,187 Sq Ft
$161/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $910,000 $127 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $7,172/month

42 Days on Market

Highlights

  • Traditional Architecture
  • Porch
  • Patio
  • 2 Fireplaces
  • 3 Car Attached Garage
  • Forced Air Heating and Cooling System

About This Home

As of September 2023

NEW ROOF is approved and to be installed soon!
Buyers may select the roof color with an accepted offer! Welcome to this magnificent luxury home nestled on 6.32 acres in the tranquil Majestic Oaks gated community in Simpsonville. Located just minutes from I-64, this stunning property features over 7,100 square feet of living space, 4 bedrooms, and 5 ½ bathrooms, making it the ultimate dream home for those seeking luxury, privacy, and comfort. Step inside and be greeted by the breathtaking foyer, which leads to the great room featuring soaring 2 story ceilings and a cozy fireplace. The grand floor-to-ceiling windows allow for an abundance of natural light to flood the interior, creating a warm and inviting ambiance. The gourmet eat-in kitchen is a chef's delight with high-end appliances, wrap-around countertops, and an enormous center island, perfect for preparing meals and hosting large gatherings. The kitchen and hearth room opens out to the rear patio, ideal for grilling out and enjoying the warmer weather. The primary suite is ideally located on the first floor and features a spacious bedroom with large windows offering stunning views of the surrounding landscape. Complete with his and her walk-in closets and a spa-like bathroom with dual vanities, a soaking tub, and a separate shower. The stately office creates a sophisticated atmosphere with wood paneling and built-ins. Additionally, this first-floor space has an extra bedroom and bathroom. Upstairs you'll find 2 more large bedrooms and full bathrooms, providing the perfect accommodations for guests or extended family members. The walkout lower level is an entertainer's dream, with an open floor plan and ample space for a gaming area for a pool table, a movie theater room, with 2 rooms that can be used as additional bedrooms (no egress windows) and an additional full bath. The home sits on 6.32 acres of land with rolling hills and picturesque woods, perfect for those seeking an oasis of serenity and privacy. Majestic Oaks is a deed restricted community with underground utilities and over 450 acres of rolling terrain with lakes and woods. There are over 7 miles of riding trails in the community and 2 lakes for residents to use for fishing. The gated community has a staffed guard at the entry Monday through Fridays. The community allows for 2 horses for every 2 acres of property for each owner, allowing for 6 horses for this incomparable estate. Homeowners also can build a barn on the property compliant with the community's restrictions for their horses or toys.

Last Agent to Sell the Property

Jason Farabee

The Agency Louisville License #276464 Listed on: 07/15/2023

The Agency Louisville

Last Buyer's Agent

Sheri Davino

Nest Realty License #245842

Nest Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,372

Year Built

  • Built in 2000

Lot Details

  • 6

Parking

  • 3 Car Attached Garage
  • Side or Rear Entrance to Parking
  • Driveway

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • 2 Fireplaces
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Septic Tank

Community Details

  • Property has a Home Owners Association
  • Majestic Oaks Subdivision

Listing and Financial Details

  • Tax Block 010
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,372

Year Built

Built in 2000

Lot Details

0

Parking

3

Listing Details

  • Cooling System: Central Air
  • Stories: 2
  • Lot Dimensions: 50x820x325x520+/-
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Garage Yn: Yes
  • Subdivision Name: MAJESTIC OAKS
  • Above Grade Finished Sq Ft: 4402.0
  • Architectural Style: Traditional
  • ResoBuildingAreaSource: Appraiser
  • Utilities Electricity Connected: Yes
  • Dining Room Level: First
  • Full Bathroom Level: First
  • Primary Bathroom Level: First
  • Primary Bedroom Level: First
  • Roof:Shingle: Yes
  • Cooling Central Air: Yes
  • Lot Description:Wooded: Yes
  • Architectural Style Traditional: Yes
  • Special Features: None

Interior Features

  • Basement: Finished, Walkout Finished
  • Fireplaces Level 1: 2
  • Bedroom Level: First
  • Family Room Level: Basement
  • Great Room Level: First
  • Kitchen Level: First
  • Laundry Level: First
  • Office Level: Basement
  • Other Level: First
  • Study Level: First
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 2785.0
  • Fireplaces: 2
  • Total Bedrooms: 19
  • ResoLivingAreaSource: Appraiser
  • Other Rooms:Family Room2: Yes
  • BasementFoundation:Poured Concrete: Yes
  • Basement Finished: Yes
  • Other Rooms:Office: Yes
  • Other Rooms:Study: Yes

Exterior Features

  • Fencing: None
  • Roof: Shingle
  • Acres: 6.38
  • Construction Type: Brick Veneer, Brick
  • Foundation Details: Poured Concrete
  • Patio And Porch Features: Patio, Porch
  • Construction:Brick3: Yes
  • Patio and Porch Features:Porch2: Yes

Garage/Parking

  • Garage Spaces: 3.0
  • Attached Garage: Yes
  • Parking Features: Attached, Entry Side, Driveway
  • General Property Description:Garage Spaces: 3
  • GarageParking:Attached: Yes
  • Garageparkingdriveway: Yes

Utilities

  • Utilities: Electricity Connected, Fuel:Natural
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association Fee: 2380.0
  • Association: Yes

Schools

  • Junior High Dist: Shelby

Lot Info

  • Lot Size Sq Ft: 277912.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 0
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built: 2000

Tax Info

  • Tax Block: 010
  • Tax Lot: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2023
Closed on
Sep 29, 2023
Sold by
Gray Robert J and Gray Jan L
Bought by
Dupree Jacob and Dupree Tracy
Seller's Agent
Jason Farabee
The Agency Louisville
Buyer's Agent
Sheri Davino
Nest Realty
List Price
$1,069,900
Sold Price
$910,000
Premium/Discount to List
-$159,900
-14.95%
Views
88
Current Estimated Value
$1,157,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$247,700
Avg. Annual Appreciation
15.91%
Original Mortgage
$726,000
Interest Rate
7.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 3, 2021
Closed on
Nov 17, 2021
Sold by
The Whittier Trust Company Of Nevada Inc
Bought by
Gray Robert J and Gray Jan L
Seller's Agent
Julie Beam
Lenihan Sotheby's International Realty
Buyer's Agent
Jason Farabee
Lenihan Sotheby's International Realty
List Price
$1,250,000
Sold Price
$1,075,000
Premium/Discount to List
-$175,000
-14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.53%
Original Mortgage
$600,000
Interest Rate
2.23%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Dupree Jacob $910,000 None Listed On Document
Gray Robert J $1,075,000 Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dupree Jacob Ryan $550,000
Closed Dupree Jacob $726,000
Previous Owner Gray Robert J $775,000
Previous Owner Gray Robert J $600,000
Previous Owner Heritage Legacy Iii Llc $836,825
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $910,000 -13.3% $127 / Sq Ft
08/25/2023 08/25/23 Pending -- -- --
08/02/2023 08/02/23 Price Changed $1,050,000 -1.9% $146 / Sq Ft
07/14/2023 07/14/23 For Sale $1,069,900 -0.5% $149 / Sq Ft
11/17/2021 11/17/21 Sold $1,075,000 -6.5% $150 / Sq Ft
10/27/2021 10/27/21 Pending -- -- --
09/24/2021 09/24/21 Price Changed $1,150,000 -8.0% $160 / Sq Ft
09/03/2021 09/03/21 For Sale $1,250,000 -- $174 / Sq Ft
Source: Metro Search (Greater Louisville Association of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $10,372 $910,000 $0 $0
2023 $12,416 $1,075,000 $0 $0
2022 $12,470 $1,075,000 $0 $0
2021 $8,287 $695,000 $0 $0
2020 $8,310 $695,000 $0 $0
2019 $8,310 $695,000 $110,000 $585,000
2018 $8,276 $695,000 $110,000 $585,000
2017 $8,290 $695,000 $0 $0
2016 $8,220 $695,000 $0 $0
2015 $7,522 $645,000 $110,000 $535,000
2014 $7,522 $645,000 $110,000 $535,000
2013 $7,522 $645,000 $110,000 $535,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro Search (Greater Louisville Association of REALTORS®)

MLS Number: 1640995

Metro Search (Greater Louisville Association of REALTORS®)

APN: 010-00-036Y