$1,600,000
Estimated Payment$7,557/mo
Farm For Sale
Price Drop -$200,000

495/ 507 Rapids Road, Franklin, KY 42134

3Beds
2Baths
2,160Sq. Ft.
3-Bedroom Farm In Franklin

This 83 acre tract starts 1/2 mile down on Rapids Road and continues off of Elmore Gregory Road. This convenient location is just 1/2 mile outside Franklin city limits; 2 miles from 1-65. 30 minutes from Nashville Tennessee, and 15 minutes from Bowling Green Kentucky. This land is well suited for development, Business, or farming. The rear of the property is on Drakes Creek and has approximately 3000 feet of frontage. This property includes 2 homes. The first one fronts Rapids Road and is a 3 bedroom 1 bath home built in 1850 with 2160 square feet. It is tenant occupied and is in the process of being remodeled. The second home is 1/2 mile down Elmore Gregory Road and is a 3 bedroom 2 bath home with a 3 car garage. It was built in 1920 and has 1565 sq/ft. It is occupied. There is a 46' X 28' retail building in the front of the farm just off of Rapids Road and is a operating business. There are also 3 barns on the property, with some needed repair. Over the bridge of the creek branch in the rear of the farm is the growing area for the business "Little Bent Farm". The 3 high tunnels and caterpillar tunnel can be purchased separately or remain on property. The 10 acres adjacent to growing area will be certified for organic growing in April of 2022. Owner will divide property with acceptable offer.

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495/ 507 Rapids Road
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Location
495/ 507 Rapids Road Franklin, KY 42134
Home Details

Listing Details

General

  • Disclaimer: Copyright 2021 Realtor Association of Southern Kentucky, Inc All rights reserved All information provided by the listing agent broker is deemed reliable but is not guaranteed and should be independently verified

    Interior Details

    Utilities

    • Heating Details: Fireplace Forced Air
    • Cooling Details: Central A C, Heat Pumps

    Rooms

    • Rooms: Bedroom, Breakfast Room, Family Room, Full Bath
    • Full Bathrooms: 2

    General

    • Interior Features: true
    • Fireplace : Yes
    • Flooring: Carpet, Hardwood, Laminate
    • Fireplace: True

    Property Details

    Construction Details

    • Roof: Composition Shingle
    • Architectural Style: Other

    General

    • Patio & Porch Features: true

      Parking

      • Parking Features: Garage Detached
      • Other Parking: Garage Detached

      MLS Details

      General

      • Days on Homes.com: 54
      • MLS Number: RA20214559
      • Listed: 10/15/2021
      • Last Updated: 12/8/2021
      • Offered By: Century 21 Premier Realty Partners
      • Listing Source: Realtors® Association of Southern Kentucky (via Listhub)
      Monthly Payment Calculator

      $7,557

      Estimated Mortgage
      Principal & Interest
      $5,397
      Insurance
      $560
      Taxes
      $1,600
      Mortgage Insurance
      $0
      i
      Include PMI: Private Mortgage Insurance (PMI) is required by lenders if the down payment is less than 20% of the home price. It is recommended to include this field if your down payment is less than 20% of the home price.
      i
      If you or your spouse are active or retired military you may be eligible for special VA loan programs for veterans. The VA loan programs include benefits like no down payment and no private mortgage insurance (PMI).
      Price History
      • DateEventPrice
      • 10/29/2021$200,000$1,600,000
        Source: REALTORS® Association of Southern Kentucky (via Listhub)
      • 10/15/2021listed$1,800,000
        Source: REALTORS® Association of Southern Kentucky (via Listhub)
      Nearby Schools
      • Faith Baptist Academy
        Class size: 6
      • Portland Montessori Academy
      • Highland Academy
        Class size: 6
      • Franklin Mennonite School
        Class size: 12
      • Oakwood Parochial School
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      Listing Agent
      Jerri Ferrell
      Century 21 Premier Realty Partners
      Franklin, KY
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      $1,600,000

      3 Beds2 Baths2,160 Sq. Ft.

      495/ 507 Rapids Road

      Franklin, KY 42134

      Jerri Ferrell
      Century 21 Premier Realty Partners