118 Locust Ridge Rd Frankfort, KY 40601
Estimated payment $1,934/month
Highlights
- Deck
- Recreation Room
- Great Room
- Living Room with Fireplace
- Main Floor Primary Bedroom
- No HOA
About This Home
Discover the potential of this spacious 5-bedroom, 3-bathroom home in one of Frankfort's desirable neighborhoods! Located within walking distance to Peaks Mill Elementary, this property is perfect for families or investors alike. Being sold AS-IS, it does need some TLC — but that means opportunity. With a little vision, it could be transformed into a beautiful family home or a lucrative short-term rental along the Bourbon Trail. Prime location near schools, shopping, and major routes.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,217
Year Built
- Built in 1997
Lot Details
- 0.28 Acre Lot
- Wood Fence
- Wire Fence
Parking
- 2 Car Garage
Home Design
- Brick Veneer
- Vinyl Siding
- Concrete Perimeter Foundation
Interior Spaces
- Great Room
- Living Room with Fireplace
- 2 Fireplaces
- Dining Room
- Recreation Room
- Fireplace in Basement
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- Bathroom on Main Level
- 3 Full Bathrooms
Outdoor Features
- Deck
Schools
- Elkhorn Elementary School
- Elkhorn Middle School
- Franklin Co High School
Utilities
- Cooling Available
- Heating System Uses Natural Gas
- Natural Gas Connected
Community Details
- No Home Owners Association
- Arnold Ridge Estates Subdivision
Listing and Financial Details
- Assessor Parcel Number 073-40-02-007.10
Map
Home Values in the Area
Average Home Value in this Area
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 | $2,217 | $230,000 | $0 | $0 |
| 2023 | $2,195 | $230,000 | $0 | $0 |
| 2022 | $366 | $230,000 | $0 | $0 |
| 2021 | $2,226 | $230,000 | $0 | $0 |
| 2020 | $2,017 | $209,500 | $30,000 | $179,500 |
| 2019 | $2,059 | $209,500 | $30,000 | $179,500 |
| 2018 | $2,075 | $209,500 | $30,000 | $179,500 |
| 2017 | $417 | $209,500 | $30,000 | $179,500 |
| 2016 | $2,389 | $209,500 | $30,000 | $179,500 |
| 2015 | $2,537 | $209,500 | $30,000 | $179,500 |
| 2011 | $2,537 | $209,500 | $30,000 | $179,500 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/25/2025 09/25/25 | For Sale | $329,900 | -- | $79 / Sq Ft |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 25502175
APN: 073-40-02-007.10
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