NOT LISTED FOR SALE

197 Browns Mill Rd Versailles, KY 40383

Estimated Value: $774,000 - $1,230,000

3 Beds
2 Baths
3,038 Sq Ft
$324/Sq Ft Est. Value

Last Sold October 16, 2020

Last sale price $455,000 $150 Per Sq Ft

Est. 116% increase in value since last sale

Current estimated payment $5,568/month

115 Days on Market

Highlights

  • Wood Flooring
  • Fireplace
  • Living Room
  • Home Office
  • Cooling Available
  • Entrance Foyer

About This Home

As of October 2020

LOCATION and Opportunity. Brick home and 10 acres nestled by the Elkhorn Creek in bluegrass country. A well constructed brick ranch with 3 bedrooms, 2 full baths, an office, full sized two car garage and full unfinished basement. This property offers high quality soil for crop production, or grazing livestock. Zoning has been approved for one additional residential structure. The existing barn and shed make it a great property for agricultural or Equine pursuits. It truly offers a rural tranquility and environment while being centrally located between Lexington, Frankfort, Midway, Georgetown and just minutes from Interstate 64. Country and Convenient.

Last Agent to Sell the Property

Jason Sloan

Biederman Real Estate License #251969 Listed on: 05/06/2020

Last Buyer's Agent

Hill Parker

Turf Town Properties License #203313

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,852

Lot Details

  • Vinyl Fence
  • Wire Fence

Parking

  • Garage

Home Design

  • Farm

Interior Spaces

  • 3,038 Sq Ft Home
  • Fireplace
  • Entrance Foyer
  • Family Room
  • Living Room
  • Home Office
  • Basement

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Cooling Available
  • Heat Pump System

Additional Features

  • Tobacco Barn
  • Run-In Shed

Community Details

  • Rural Subdivision

Listing and Financial Details

  • Assessor Parcel Number 49-0000-028-00

Property Details

Property Type

Other

Est. Annual Taxes

$3,852

Lot Details

0

Listing Details

  • Property Type: Farm
  • Property Sub-Type: Farm
  • Above Grade Finished Sq Ft: 3038.0
  • Levels: One
  • New Construction: No
  • Flooring:Carpet: Yes
  • Flooring:Hardwood: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Fencing:Wire: Yes
  • Farm Improvements:Run In Shed(s): Yes
  • Farm Improvements:Tobacco Barn(s): Yes
  • Farm Improvements:Stock Barn(s): Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Hardwood
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Yes
  • Total Bedrooms: 3
  • Fireplace: Yes
  • LivingArea: 3038.0
  • Possible Use: Residential, Pasture, Horses, Commercial, Cattle, Agricultural

Exterior Features

  • Fencing: Wire, Plank
  • List Price: 585000.0
  • Lot Features: Bottomland, Cleared, Gentle Sloping

Garage/Parking

  • Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Yes
  • Utilities: Electricity Connected, Water Available
  • Water Source: Public
  • Heating:Heat Pump2: Yes

Lot Info

  • Topography: Gentle Sloping, Cleared
  • Current Use: Other
  • Horse Amenities: Hay Storage
  • Parcel Number: 49-0000-028-00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 3, 2024
Sold by
Fitz Farms Llc
Bought by
J T Barrett Land Holding Llc
Current Estimated Value
$984,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,704,000
Outstanding Balance
$4,367,711
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
-$3,382,966

Purchase Details

Closed on
Jan 15, 2021
Sold by
Bookout Timothy Ivan and Bookout Brittany G
Bought by
Josh Barrett Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$454,750
Interest Rate
2.71%
Mortgage Type
Construction

Purchase Details

Listed on
May 6, 2020
Closed on
Oct 16, 2020
Sold by
Pence Pauline J and Pence Mary Elaine
Bought by
Bookout Timothy Ivan and Bookout Brittany G
Seller's Agent
Jason Sloan
Biederman Real Estate
Buyer's Agent
Hill Parker
Turf Town Properties
List Price
$585,000
Sold Price
$455,000
Premium/Discount to List
-$130,000
-22.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.95%
Original Mortgage
$364,000
Interest Rate
2.8%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
J T Barrett Land Holding Llc $375,000 None Listed On Document
Josh Barrett Homes Llc $475,000 None Available
Bookout Timothy Ivan $455,000 Land Group Re Ttl & Closings
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sea Island Soil Co Llc $998,600
Closed Sea Island Soil Company Llc $300,000
Closed Sea Island Soil Co Llc $676,000
Open J T Barrett Land Holding Llc $4,704,000
Previous Owner Fitz Farms Llc $300,000
Previous Owner Josh Barrett Homes Llc $454,750
Previous Owner Bookout Timothy Ivan $364,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2020 10/16/20 Sold $455,000 -22.2% $150 / Sq Ft
08/18/2020 08/18/20 Pending -- -- --
04/25/2020 04/25/20 For Sale $585,000 -- $193 / Sq Ft
Source: ImagineMLS (Bluegrass 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 $3,852 $375,000 $0 $0
2023 $3,985 $375,000 $0 $0
2022 $3,959 $375,000 $0 $0
2021 $5,051 $475,000 $0 $0
2020 $1,364 $163,200 $0 $0
2019 $1,330 $166,200 $0 $0
2018 $1,330 $165,800 $0 $0
2017 $1,304 $165,800 $0 $0
2016 $1,310 $165,800 $0 $0
2015 $1,096 $145,800 $0 $0
2010 -- $144,700 $3,500 $141,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    Jason Sloan

    Biederman Real Estate

  • Hill Parker

    Buyer's Agent in 2020

    Hill Parker

    Turf Town Properties

    (859) 533-6598

    5 in this area

    150 Total Sales

    Hill Parker
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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 20008863

ImagineMLS (Bluegrass REALTORS®)

APN: 49-0000-028-00

Kentucky Woodford County Versailles 40383

197 Browns Mill Rd, Versailles, KY

This home is located at 197 Browns Mill Rd, Versailles, KY 40383 since 06 May 2020 and is currently estimated at $984,745, approximately $324 per square foot. 197 Browns Mill Rd is a home located in Woodford County with nearby schools including Woodford County High School.

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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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