$1,000,000
SOLD OCT 21, 2024

1323 Pea Ridge Rd Frankfort, KY 40601

7 Beds
6.5 Baths
9,483 Sq Ft
6 Acres

Recently Sold

$105 Per Sq Ft

26% Below List Price

55 Days on Market

Highlights

  • No HOA
  • 3 Car Attached Garage
  • Geothermal Heating and Cooling

About This Home

As of October 2024

Options abound in this magnificent 7 Bedroom home on over 6 acres. The lower level offers luxuries such as an in-home movie theater, dry sauna, elegant bar area, etc. The gourmet kitchen, equipped with luxury appliances, sets the stage for culinary excellence, while marble tile and Brazilian Cherry hardwood flooring execute timeless elegance. Discover your sanctuary of style and comfort in this remarkable retreat.

Last Agent to Sell the Property

Tamara Hurst

simpliHOM Kentucky, LLC License #272958 Listed on: 10/22/2024

Last Buyer's Agent

NON MEMBER

NON-MEMBER OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,655

Year Built

  • Built in 2005

Parking

  • 3 Car Attached Garage

Home Design

  • Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 2-Story Property
  • Basement

Bedrooms and Bathrooms

  • 7 Bedrooms

Utilities

  • Geothermal Heating and Cooling

Community Details

  • No Home Owners Association
  • Rural Subdivision

Listing and Financial Details

  • Tax Block 2
  • Assessor Parcel Number 035-00-00-034.01
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,655

Year Built

Built in 2005

Lot Details

0

Parking

3

Listing Details

  • Stories: 2
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Garage Yn: Yes
  • Subdivision Name: RURAL
  • Above Grade Finished Sq Ft: 6132.0
  • ResoBuildingAreaSource: Other
  • Dining Room Level: First
  • Full Bathroom Level: First
  • Half Bathroom Level: First
  • Rooms:Living Room5: Yes
  • Primary Bathroom Level: First
  • Primary Bedroom Level: First
  • Roof:Shingle: Yes
  • Rooms:Den: Yes
  • Special Features: None

Interior Features

  • Basement: Walkout Finished
  • Craft/Hobby Room Level: Basement
  • Den Level: Basement
  • Foyer Level: First
  • Great Room Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Office Level: First
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Below Grade Sq Ft: 3351.0
  • Total Bedrooms: 17
  • ResoLivingAreaSource: Other
  • Other Rooms:Office: Yes
  • Other Rooms:Foyer: Yes

Exterior Features

  • Roof: Shingle
  • Acres: 6.22
  • Construction Type: Brick Veneer, Aluminum Siding
  • Construction:Aluminum: Yes

Garage/Parking

  • Garage Spaces: 3.0
  • Attached Garage: Yes
  • Parking Features: Attached
  • General Property Description:Garage Spaces: 3
  • GarageParking:Attached: Yes

Utilities

  • Heating: Geothermal
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Geothermal: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 270943.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 035-00-00-034.01
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built: 2005

Tax Info

  • Tax Block: 2
  • Tax Lot: 00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2024
Closed on
Oct 21, 2024
Sold by
Roger Strunk Revocable Living Trust
Bought by
Lowe Timothy John
Seller's Agent
Tamara Hurst
simpliHOM Kentucky, LLC
Buyer's Agent
NON MEMBER
NON-MEMBER OFFICE
List Price
$1,350,000
Sold Price
$1,000,000
Premium/Discount to List
-$350,000
-25.93%
Total Days on Market
55
Views
105
Current Estimated Value
$1,032,695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,695
Avg. Annual Appreciation
5.33%
Original Mortgage
$900,000
Outstanding Balance
$895,475
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$137,220
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $1,000,000 Cosmopolitan Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $900,000 New Conventional
Previous Owner $141,500 Credit Line Revolving
Previous Owner $1,080,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2024 10/21/24 Sold $1,000,000 -13.0% $105 / Sq Ft
08/29/2024 08/29/24 Price Changed $1,150,000 -11.5% $121 / Sq Ft
08/12/2024 08/12/24 Price Changed $1,300,000 -3.7% $137 / Sq Ft
07/15/2024 07/15/24 For Sale $1,350,000 -- $142 / 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 $11,655 $1,012,000 $0 $0
2023 $12,591 $1,100,000 $0 $0
2022 $11,420 $1,005,000 $0 $0
2021 $11,328 $1,005,000 $0 $0
2020 $11,445 $1,005,000 $35,000 $970,000
2019 $7,692 $675,000 $25,000 $650,000
2018 $7,692 $675,000 $25,000 $650,000
2017 -- $675,000 $25,000 $650,000
2016 $7,278 $675,000 $25,000 $650,000
2015 $6,737 $675,000 $25,000 $650,000
2011 $6,737 $675,000 $25,000 $650,000
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 1665639

Metro Search (Greater Louisville Association of REALTORS®)

APN: 035-00-00-034.01