NOT LISTED FOR SALE

4951 Spring Farm Rd Prospect, KY 40059

Estimated Value: $673,000 - $1,328,621

0.74 Acre
$1,297,127 Price per Acre
32,234 Sq Ft Lot

Last Sold March 24, 2015

Last sale price $175,000

Est. 448% increase in value since last sale

Current estimated payment $6,072/month

362 Days on Market

About This Lot

As of March 2015

Spring Farm Lake is located off Wolf Pen Branch Road in Prospect, KY. This exclusive development is situated on 45 acres and features 42 estate size lots, averaging one acre each. The private park-like setting of this secluded neighborhood features a beautiful two-acre lake nestled in an open area. Lot prices begin in the $150,000s. Call today for deed restrictions, plats, and building details.

Last Agent to Sell the Property

John Lenihan

Lenihan Sotheby's International Realty License #189155 Listed on: 02/17/2014

Last Buyer's Agent

Bart Becker

The Metcalf Co. REALTORS License #214643

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,210

Lot Details

Community Details

  • Spring Farm Lake Subdivision

Listing and Financial Details

  • Legal Lot and Block 0137 / w006
  • Assessor Parcel Number w00601370002

Property Details

Property Type

Land

Est. Annual Taxes

$8,210

Lot Details

0

Listing Details

  • Lot Dimensions: 0
  • Property Sub Type: Residential Land
  • Property Type: Land/Lots
  • Subdivision Name: SPRING FARM LAKE
  • Utilities Electricity Connected: Yes
  • Special Features: None

Exterior Features

  • Acres: 0.74

Utilities

  • Utilities: Electricity Connected, Public Sewer, Gas: Natural, Public Water

Lot Info

  • Lot Size Sq Ft: 32234.4
  • ResoLotSizeUnits: Acres
  • Parcel #: w00601370002
  • Zoning Description: Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Block: w006
  • Tax Lot: 0137

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2021
Sold by
Jacobs Jack M and Corbett Judith M
Bought by
Peterson Ronald N
Total Days on Market
362
Current Estimated Value
$959,874

Purchase Details

Listed on
Feb 17, 2014
Closed on
Mar 24, 2015
Sold by
Spring Farm Lake Llc
Bought by
Jacobs Jack M and Corbett Judith M
Seller's Agent
John Lenihan
Lenihan Sotheby's International Realty
Buyer's Agent
Bart Becker
The Metcalf Co. REALTORS
List Price
$175,000
Sold Price
$175,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.26%
Original Mortgage
$132,000
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2010
Sold by
Tobe Patricia G
Bought by
Tobe John C and Tobe Patricia G

Purchase Details

Closed on
Dec 3, 2007
Sold by
Spring Farm Glen Llc
Bought by
Simpson Builders Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,452
Interest Rate
6.29%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 24, 2007
Sold by
Tobe Patricia G
Bought by
Tobe Patricia G and The Patricia G Tobe Living Trust

Purchase Details

Closed on
Nov 16, 2005
Sold by
Sterling Development Group Ltd
Bought by
Tobe Investments Of Florida Llc
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
Peterson Ronald N $209,000 None Available
Jacobs Jack M $175,000 Limestone Title & Escrow
Tobe John C -- Guardian Title
Simpson Builders Inc $169,950 None Available
Tobe Patricia G -- None Available
Tobe Investments Of Florida Llc $274,900 None Available
Sterling Development Group Ltd $250,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peterson Ronald N $631,805
Previous Owner Jacobs Jack M $132,000
Previous Owner Simpson Builders Inc $161,452
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2015 03/24/15 Sold $175,000 0.0% --
02/14/2015 02/14/15 Pending -- -- --
02/17/2014 02/17/14 For Sale $175,000 -- --
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 $8,210 $721,440 $209,000 $512,440
2023 $6,556 $566,180 $209,000 $357,180
2022 $2,536 $175,000 $175,000 $0
2021 $2,196 $175,000 $175,000 $0
2020 $2,016 $175,000 $175,000 $0
2019 $1,975 $175,000 $175,000 $0
2018 $1,943 $175,000 $175,000 $0
2017 $1,837 $175,000 $175,000 $0
Source: Public Records

Agents Affiliated with this Home

  • John Lenihan

    Seller's Agent in 2015

    John Lenihan

    Lenihan Sotheby's International Realty

    (502) 593-2024

    5 in this area

    36 Total Sales

    John Lenihan
    Section Image

  • B

    Buyer's Agent in 2015

    Bart Becker

    The Metcalf Co. REALTORS

    (502) 836-8215

    Bart Becker
    Section Image
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Map

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

MLS Number: 1381770

Metro Search (Greater Louisville Association of REALTORS®)

APN: 364901020000

Kentucky Jefferson County Prospect 40059

4951 Spring Farm Rd, Prospect, KY

This home is located at 4951 Spring Farm Rd, Prospect, KY 40059 since 17 February 2014 and is currently estimated at $959,874. 4951 Spring Farm Rd is a home located in Jefferson County with nearby schools including Wilder Elementary School, Dunn Elementary School, and Norton Elementary 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.

Metro Search (Greater Louisville Association of REALTORS®) The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than Ten-X are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker. Copyright 2025 Metro Search, Inc.

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