NOT LISTED FOR SALE

11301 Covered Bridge Rd Prospect, KY 40059

Estimated Value: $3,935,726

1 Bed
1 Bath
750 Sq Ft
$5,248/Sq Ft Est. Value

Last Sold October 16, 2018

Last sale price $2,500,000 $3,333 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $20,628/month

40 Days on Market

Highlights

  • No HOA
  • Porch
  • Wood Fence
  • Goshen at Hillcrest Elementary School Rated A
  • Cooling Available
  • Heating Available

About This Home

As of October 2018

Once in a lifetime opportunity to acquire a fabulous property known as Sylvan Pastures which has been in the same family for 83 years. Bordered by Covered Bridge Road to the south and Harrods Creek to the north. Side parcels are Covered Bridge Crossing (old Boy Scout Camp) and the Overlook Covered Bridge (old Peacock Farm) Zoned agricultural, the property includes a treasure, a beautiful old brick barn based on the design of a traditional English Hill barn (4 stalls) which was built in 1934/1935. Great horse trails including one riding ring which is enclosed by 4-board fencing plus 3 pastures enclosed by 4-board fencing for grazing. Approximately 80 acres of woods including frontage on Covered Bridge and woods running above and along Harrods Creek. Several creeks and a small pond are home to wildlife including a golden eagle, 2 red-tailed hawks, a heron, white tailed deer and wild turkey. The seller will entertain offers containing a zoning contingency, with a 48 hour right of refusal. If seller receives an offer without a zoning contingency, first buyer will be notified and has 48 hours to remove the zoning contingency. Buyer with a zoning contingency must have financing approval when zoning contingency removed. Property will be shown by appointment only to serious and qualified buyers, please.

Last Agent to Sell the Property

Sandy Gulick

Kentucky Select Properties License #181963 Listed on: 07/20/2018

Kentucky Select Properties

Co-Listed By

Russell Smith

Kentucky Select Properties License #219894

Last Buyer's Agent

John Stough

Kentucky Select Properties License #178294

Kentucky Select Properties

Property Details

Property Type

  • Other

Year Built

  • Built in 1957

Lot Details

  • 179

Home Design

  • Farm
  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof

Interior Spaces

  • 750 Sq Ft Home
  • 1-Story Property
  • Basement

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Additional Features

  • Porch
  • Wood Fence

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 06000024
  • Seller Concessions Not Offered

Property Details

Property Type

Other

Year Built

Built in 1957

Lot Details

179 Acres

Listing Details

  • Cooling System: Other
  • Pasture Acres: 20.0
  • Tillable Acres: 78.0
  • Timber Acres: 81.45
  • Stories: 1
  • Property Sub Type: Farm
  • Property Type: Residential
  • Co List Office Phone: 502-271-5000
  • Subdivision Name: NONE
  • Above Grade Finished Sq Ft: 750.0
  • Reso Other Structures: Outbuilding
  • ResoBuildingAreaSource: Appraiser
  • Utilities Electricity Connected: Yes
  • Full Bathroom Level: First
  • Rooms:Living Room5: Yes
  • Roof:Shingle: Yes
  • Fencing Wood4: Yes
  • Lot Description:Pond: Yes
  • Special Features: None

Interior Features

  • Basement: Unfinished
  • Bedroom Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • ResoLivingAreaSource: Appraiser
  • BasementFoundation:Poured Concrete: Yes
  • Basement:Unfinished: Yes

Exterior Features

  • Fencing: Other, Wood
  • Roof: Shingle
  • Acres: 179.0
  • Waterfront Features: Creek
  • Waterfront: Yes
  • Construction Type: Brick
  • Foundation Details: Poured Concrete
  • Patio And Porch Features: Porch
  • Construction:Brick3: Yes
  • Patio and Porch Features:Porch2: Yes
  • Waterfront Features:Creek: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • GarageParking:Off-Street Parking: Yes

Utilities

  • Utilities: Electricity Connected
  • Cooling Y N: Yes
  • Heating: Other
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Oldham

Lot Info

  • Lot Size Sq Ft: 7797240.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 06000024
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built: 1957

Tax Info

  • Tax Block: 0
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2018
Closed on
Oct 10, 2018
Sold by
Sylvan Pastures Partnership Ltd
Bought by
Ye Sarah B and Abel William S
Seller's Agent
Sandy Gulick
Kentucky Select Properties
Buyer's Agent
John Stough
Kentucky Select Properties
List Price
$2,900,000
Sold Price
$2,500,000
Premium/Discount to List
-$400,000
-13.79%
Current Estimated Value
$3,935,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,435,726
Avg. Annual Appreciation
6.38%
Source: Public Records
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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
Ye Sarah B $2,500,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2018 10/16/18 Sold $2,500,000 -13.8% $3,333 / Sq Ft
08/29/2018 08/29/18 Pending -- -- --
07/20/2018 07/20/18 For Sale $2,900,000 -- $3,867 / Sq Ft
Source: Metro Search, Inc.

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
2025 $2,277 $181,000 $81,000 $100,000
2024 $1,303 $101,500 $81,000 $20,500
2023 $1,309 $101,500 $81,000 $20,500
2022 $1,288 $101,500 $81,000 $20,500
2021 $1,277 $101,500 $81,000 $20,500
2020 $1,280 $2,430,000 $2,409,500 $20,500
2019 $2,117 $171,500 $81,000 $90,500
2018 $2,093 $169,500 $0 $0
2017 $1,656 $134,500 $0 $0
2013 $1,464 $134,500 $44,000 $90,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro Search, Inc.

MLS Number: 1509550

Metro Search, Inc.

APN: 06-00-00-24

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