$740,000
$25K PRICE DROP

1480 Colston Ln Frankfort, KY 40601

Estimated payment $4,442/month

Total Views 25,723
54 Acres
$13,832 Price per Acre
2,330,460 Sq Ft Lot

Highlights

  • View of Trees or Woods
  • Ranch Style House
  • Living Room
  • 53.5 Acre Lot
  • Workshop
  • Tobacco Barn

About This Lot

Over 53 acres on Colston Lane located in the beautiful Forks of Elkhorn and Switzer area of Franklin County. This farm has so much possibility as it is already platted into two tracts with tons of road frontage. Charming stone farmhouse, barn, root cellar and metal building sit on a 12.95 acre tract with over 600 feet of road frontage. 40-acre tract has many good building spots and a well-established gravel driveway for access to the back of the farm with a good mixture of pasture and woods. Stone home could be a main residence, guest house, caretaker's home or a consistent rental income stream. Close to town, shopping and Lakeview Park but in a different world in terms of stargazing, bird watching, hunting and beautiful pastoral views. Quick trip down the road to Elkhorn Creek for kayaking and fishing and easy access to Georgetown Road (US 460). Lot lines on video and in photos for illustration purposes only. Please refer to plat.

Listing Agent

Joe Johnson

Bluegrass Realty & Investments Brokerage Email: joe@buybluegrass.com License #203912 Listed on: 01/06/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,169

Property Views

  • Woods
  • Farm

Home Design

  • Ranch Style House

Interior Spaces

  • Living Room
  • Workshop

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Elkhorn Elementary School
  • Elkhorn Middle School
  • Capital Day Middle School
  • Franklin Co High School

Utilities

  • Propane
  • Sewer Not Available

Additional Features

  • 53.5 Acre Lot
  • Tobacco Barn

Community Details

  • Rural Subdivision

Listing and Financial Details

  • Assessor Parcel Number 092-00-00-026.00

Property Details

Property Type

Land

Est. Annual Taxes

$4,169

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub-Type: Farm
  • Architectural Style: Ranch
  • Structure Type: House
  • Year Built: 9999
  • Above Grade Finished Sq Ft: 120.0
  • Levels: One
  • Attribution Contact: joe@buybluegrass.com
  • Location Tax Legal Info:Elementary School: Elkhorn Elem
  • Location Tax Legal Info:Middle or Junior School: Elkhorn Middle
  • Location Tax Legal Info:High School: Franklin Co
  • Location Tax Legal Info:Intermediate School: Capital Day School
  • Contract Info:On Market Date: 2025-01-06
  • General Property Description:Lot Size Acres: 53.5
  • General Property Description:Above Grade Finished Area: 916.0
  • Utilities:Propane3: Propane Connected
  • Utilities Sewer: Sewer Not Available
  • Structure Type:House: Yes
  • Water Source:Public: Yes
  • Architectural Style:Ranch: Yes
  • Stories:One: Yes
  • View:Trees: Yes
  • General Property Description:Approximate Living Area: 916.0
  • View:Farm: Yes
  • General Property Description:Above Grade Unfinished Area: 120.0
  • Sewer:None: Yes
  • Farm Improvements:Workshop: Yes
  • Farm Improvements:Tobacco Barn(s): Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 2
  • LivingArea: 916.0
  • Lot Size Area: 53.5
  • Possible Use: Recreation, Cattle

Exterior Features

  • List Price: 740000.0
  • View: Farm, Trees

Utilities

  • Sewer: None
  • Heating: Space Heater
  • Heating: Yes
  • Water Source: Public
  • Heating:Space Heater: Yes

Schools

  • Elementary School: Elkhorn Elem
  • High School: Franklin Co
  • Middle or Junior School: Elkhorn Middle

Lot Info

  • Current Use: Recreation
  • Lot Size Acres: 53.5
  • Lot Size Sq Ft: 2330460.0
  • Parcel Number: 092-00-00-026.00

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $4,169 $391,736 $0 $0
2023 $1,833 $199,736 $0 $0
2022 $1,885 $199,736 $0 $0
2021 $1,870 $199,736 $0 $0
2020 $1,901 $199,736 $19,736 $180,000
2019 $2,417 $199,736 $19,736 $180,000
2018 $2,330 $193,056 $18,056 $175,000
2017 -- $187,566 $12,566 $175,000
2016 $2,139 $187,566 $12,566 $175,000
2015 $1,872 $187,566 $12,566 $175,000
2011 $1,872 $187,566 $12,566 $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2025 06/07/25 Price Changed $740,000 -3.3% $808 / Sq Ft
01/06/2025 01/06/25 For Sale $765,000 -- $835 / Sq Ft
Source: ImagineMLS (Bluegrass REALTORS®)

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 25000331

ImagineMLS (Bluegrass REALTORS®)

APN: 092-00-00-026.00

Kentucky Franklin County Frankfort 40601

1480 Colston Ln, Frankfort, KY

This home is located at 1480 Colston Ln, Frankfort, KY 40601 and is currently priced at $740,000, approximately $807 per square foot. 1480 Colston Ln is a home located in Franklin County with nearby schools including Elkhorn Elementary School, Elkhorn Middle School, and Franklin County High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

ImagineMLS (Bluegrass REALTORS®) The information is being provided by LBAR Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 LBAR Multiple Listing Service. All Rights Reserved.

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Joe Johnson
Listing Agent
Joe Johnson
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Bluegrass Realty & Investments
(502) 305-7364