NOT LISTED FOR SALE

3501 Georgetown Rd Lexington, KY 40511

Donerail Neighborhood

Estimated Value: $699,156 - $749,000

5 Beds
3 Baths
4,354 Sq Ft
$166/Sq Ft Est. Value

Last Sold August 02, 2022

Last sale price $580,000 $133 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,156/month

165 Days on Market

Highlights

  • Above Ground Pool
  • Colonial Architecture
  • Wood Flooring
  • 5.68 Acre Lot
  • Farm
  • Fireplace

About This Home

As of August 2022

Keep this Historic Landmark as a small hobby horse farm, or transform it into a revenue opportunity by utilizing it's short term rental possibilities driven by the Horse Park's close proximity, without much cash infusion. Could also be a destination bed and breakfast, equine Airbnb, or small winery. The Basye House is the last Towering Italianate Villa Known remaining in rural Fayette County, likely built by by distinquished architect John McMurtry
for T.D Basye. On the National Register of Historic Homes & The Bluegrass Trust this Circa-1870 beauty features 5 bedrooms,
3 baths, dining room, 2 main floor parlors, updated kitchen, laundry room, 6 fireplaces, and all the amenities for gracious living and entertaining - 4350 sq ft. It sits on a hill a picturesque view, on just over 5 acres with 8 stalls, and an all weather footing outdoor
arena (see below notes) This farm is 0.9 miles to the Horse Park, minutes to the equine hospitals and interstate, and only 10 minutes to downtown Lexington.. Arena Footing was added to last year with all weather racetrack surface from Turfway Park in Northern KY. The previous year we had added a poly fiber footing. When we had purchased the property the arena was overgrown and had been used as a turnout paddock, upon further inspection we discovered that it had been set up as an arena with drain tiles, etc. and at present has excellent drainage.

Last Agent to Sell the Property

Gene Williams

Lifstyl Real Estate License #190006 Listed on: 07/01/2022

Lifstyl Real Estate

Co-Listed By

Preeti Gupta

Lifstyl Real Estate License #265251

Last Buyer's Agent

NKAR Non-Member

NKAR Office - non member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,953

Year Built

  • Built in 1850

Lot Details

  • 5.68 Acre Lot
  • Property is zoned AR

Home Design

  • Colonial Architecture

Interior Spaces

  • 4,354 Sq Ft Home
  • 3-Story Property
  • Fireplace
  • Entrance Foyer
  • Family Room
  • Dining Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Pool

  • Above Ground Pool

Schools

  • Russell Cave Elementary School
  • Winburn Middle School
  • Bryan Station High School

Farming

  • Feed Barn
  • Horse or Livestock Barn
  • Farm

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Septic Tank

Community Details

  • Rural Subdivision

Listing and Financial Details

  • Assessor Parcel Number 23326000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,953

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Type: Farm
  • Property Sub-Type: Farm
  • Architectural Style: Colonial
  • Structure Type: House
  • Year Built: 1850
  • Above Grade Finished Sq Ft: 4354.0
  • Levels: Three Or More
  • New Construction: No
  • Structure Type:House: Yes
  • Flooring:Hardwood: Yes
  • Water Source:Public: Yes
  • Architectural Style:Colonial: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Entrance Foyer
  • Flooring: Hardwood
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace: Yes
  • LivingArea: 4354.0
  • Lot Size Area: 5.68
  • Possible Use: Other, Residential, Recreational, Horses, Commercial, Cattle
  • Interior Features:Entrance Foyer: Yes

Exterior Features

  • List Price: 679000.0
  • Pool Features: Above Ground

Utilities

  • Sewer: Septic Tank
  • Heating: Electric, Natural Gas
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Yes
  • Water Source: Public
  • Sewer Septic Tank: Yes

Schools

  • Elementary School: Russell Cave
  • High School: Bryan Station
  • Middle or Junior School: Winburn

Lot Info

  • Lot Dimensions: 2241ft,2289ft,350ft
  • Current Use: Other, Recreational, Horses, Cattle
  • Horse Amenities: Barn
  • Lot Size Acres: 5.68
  • Lot Size Sq Ft: 247421.0
  • Parcel Number: 23326000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2022
Closed on
Aug 2, 2022
Sold by
Lee That Craig A and Stoochnoff Kelly
Bought by
Jolly Properties-3501 Georgetown Llc
Seller's Agent
Gene Williams
Lifstyl Real Estate
Buyer's Agent
NKAR Non-Member
NKAR Office - non member
List Price
$679,000
Sold Price
$580,000
Premium/Discount to List
-$99,000
-14.58%
Current Estimated Value
$724,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,078
Avg. Annual Appreciation
7.16%
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
Jolly Properties-3501 Georgetown Llc $580,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/02/2022 08/02/22 Sold $580,000 -14.6% $133 / Sq Ft
07/03/2022 07/03/22 Pending -- -- --
07/01/2022 07/01/22 For Sale $679,000 +17.1% $156 / Sq Ft
06/30/2022 06/30/22 Off Market $580,000 -- --
03/27/2022 03/27/22 Price Changed $679,000 -3.0% $156 / Sq Ft
01/18/2022 01/18/22 For Sale $700,000 +159.3% $161 / Sq Ft
09/30/2016 09/30/16 Sold $270,000 0.0% $62 / Sq Ft View Prior Sale
09/16/2016 09/16/16 Pending -- -- --
04/26/2016 04/26/16 For Sale $270,000 -- $62 / 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 $3,953 $369,900 $0 $0
2023 $3,953 $369,900 $0 $0
2022 $3,036 $275,000 $0 $0
2021 $3,036 $275,000 $0 $0
2020 $3,036 $275,000 $0 $0
2019 $3,036 $275,000 $0 $0
2018 $3,036 $275,000 $0 $0
2017 $2,871 $275,000 $0 $0
2015 $4,728 $500,000 $0 $0
2014 $4,728 $500,000 $0 $0
2012 $4,728 $500,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Gene Williams

    Lifstyl Real Estate

    Section Image
  • Preeti Gupta

    Seller Co-Listing Agent in 2022

    Preeti Gupta

    Lifstyl Real Estate

    (859) 278-7501

    1 in this area

    48 Total Sales

    Preeti Gupta
    Section Image

  • N

    Buyer's Agent in 2022

    NKAR Non-Member

    NKAR Office - non member

  • C

    Seller's Agent in 2016

    Chuck Hendricks

    Hendricks Real Estate Team

    (859) 421-6200

    68 Total Sales

    Chuck Hendricks
    Section Image

  • M

    Buyer's Agent in 2016

    Maggie Taylor

    RE/MAX Creative Realty

See All Agents

Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 22000903

ImagineMLS (Bluegrass REALTORS®)

APN: 23326000

Kentucky Fayette County Lexington 40511 Donerail

3501 Georgetown Rd, Lexington, KY

This home is located at 3501 Georgetown Rd, Lexington, KY 40511 since 01 July 2022 and is currently estimated at $724,078, approximately $166 per square foot. This property was built in 1850. 3501 Georgetown Rd is a home located in Fayette County with nearby schools including Russell Cave Elementary School, Winburn Middle School, and Bryan Station 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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