$526,000
SOLD AUG 27, 2025

506 Ann St Frankfort, KY 40601

3 Beds
2.5 Baths
2,633 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$200 Per Sq Ft

10% Below List Price

18 Days on Market

Highlights

  • View of Trees or Woods
  • Wood Flooring
  • No HOA
  • Deck
  • Attic
  • 3-minute walk to Parks Department

About This Home

As of August 2025

Welcome to 506 Ann St! A beautifully preserved historic gem located in the heart of downtown Frankfort. Upon arrival you will be drawn to the covered front porch, mature trees, and wrought iron gated front yard. Inside you'll be captivated by the original hardwood floors, intricate millwork, and classic architectural details. Enjoy nights in the spacious living room and sunroom giving an abundance of natural light. The large kitchen is equipped with a gas range, built-in refrigerator and freezer, and plenty of space to cook and entertain. The first floor also features a formal living room which could be used as a bedroom with a full bathroom just down the hall. Upstairs there are 3 generous sized bedrooms with fireplaces and a shared bathroom. The basement offers even more living potential with a custom bar, ideal for entertaining or cozy evenings at home and a bathroom. Outdoors, you'll find a large backyard with a back deck and detached 2 car garage with plenty of potential. Don't miss out on this incredible opportunity just steps from the capital and only 1 mile from Buffalo Trace distillery and much more. Call today for a private showing!

Last Agent to Sell the Property

Mark Musgove

The Brokerage License #244663 Listed on: 07/09/2025

The Brokerage

Last Buyer's Agent

Sandy Moore

CENTURY 21 Simpson & Associates License #193627

CENTURY 21 Simpson & Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,375

Year Built

  • Built in 1900

Lot Details

  • 10,019 Sq Ft Lot
  • Privacy Fence

Parking

  • 2 Car Detached Garage
  • Driveway
  • Off-Street Parking

Home Design

  • Brick or Stone Mason
  • Stone Foundation
  • Composition Roof
  • Metal Roof
  • Aluminum Siding
  • Vinyl Siding
  • Stone

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Insulated Windows
  • Insulated Doors
  • Entrance Foyer
  • Family Room
  • Living Room
  • Dining Room
  • Utility Room
  • Washer and Gas Dryer Hookup
  • Wood Flooring
  • Views of Woods
  • Basement Fills Entire Space Under The House
  • Pull Down Stairs to Attic
  • Storm Windows

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Gas Range
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Deck
  • Patio

Schools

  • Second St Elementary School
  • Second St Middle School
  • Frankfort High School

Utilities

  • Dehumidifier
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Heat Pump System

Community Details

  • No Home Owners Association
  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number 061-42-02-007.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,375

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Structure Type: House
  • Year Built: 1900
  • Above Grade Finished Sq Ft: 2633.0
  • Levels: Two
  • New Construction: No
  • Structure Type:House: Yes
  • Flooring:Hardwood: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Laundry Features:Washer Hookup: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Appliances Refrigerators: Yes
  • Roof:Composition: Yes
  • Fencing:Privacy: Yes
  • Laundry Features:Gas Dryer Hookup: Yes
  • Other Equipment:Dehumidifier: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Disposal, Gas Range, Range, Refrigerator
  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Entrance Foyer, Walk-In Closet(s)
  • Flooring: Hardwood
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Basement: Concrete, Full
  • Basement: Yes
  • Total Bedrooms: 3
  • LivingArea: 2633.0
  • Lot Size Area: 0.23
  • Other Equipment: Dehumidifier
  • Window Features: Insulated Windows, Storm Window(s)
  • Basement:Concrete: Yes
  • Full Basement: Yes
  • Appliances Range: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Gas Range: Yes

Exterior Features

  • Roof: Composition, Metal
  • Construction Materials: Aluminum Siding, Stone, Vinyl Siding
  • Fencing: Privacy
  • Foundation Details: Stone
  • List Price: 585000.0
  • Patio And Porch Features: Deck, Patio
  • View: Suburban, Trees/Woods
  • View YN: Yes
  • Waterfront: No
  • Window Features:Insulated Windows: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Construction Materials:Aluminum Siding: Yes
  • Window Features:Storm Window(s): Yes

Garage/Parking

  • Attached Garage: No
  • Carport: No
  • Garage Spaces: 2.0
  • Garage: Yes
  • Parking Features: Detached Garage, Driveway, Off Street
  • Parking Features:Driveway: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Natural Gas
  • Cooling: Heat Pump
  • Cooling: Yes
  • Heating: Yes
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Water Source: Public
  • Heating:Forced Air: Yes

Schools

  • Elementary School: Second St
  • High School: Frankfort
  • Middle or Junior School: Second St Middle

Lot Info

  • Lot Size Acres: 0.23
  • Lot Size Sq Ft: 10019.0
  • Parcel Number: 061-42-02-007.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 31, 2020
Sold by
Wallis Kimberly H and Wallis Ross
Bought by
Wallis Kimberly H and Wallis Ross

Purchase Details

Listed on
Aug 29, 2020
Closed on
Sep 30, 2020
Sold by
Brooks Bruce W and Harp Edward C
Bought by
Wallis Kimberly H and Wallis Ross
Seller's Agent
Harry Carver
Bluegrass Realty & Investments
Buyer's Agent
Harry Carver
Bluegrass Realty & Investments
List Price
$299,000
Sold Price
$295,000
Premium/Discount to List
-$4,000
-1.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.31%
Original Mortgage
$130,000
Outstanding Balance
$115,889
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$453,762

Purchase Details

Closed on
Jun 13, 2007
Sold by
Myatt Jean Ann
Bought by
Brooks Ii Bruce W and Harp Edward C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Deed $295,000 None Available
Deed $187,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $130,000 New Conventional
Previous Owner $177,000 Unknown
Previous Owner $142,500 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2025 08/27/25 Sold $526,000 -10.1% $200 / Sq Ft
07/27/2025 07/27/25 Pending -- -- --
07/09/2025 07/09/25 For Sale $585,000 +98.3% $222 / Sq Ft
09/30/2020 09/30/20 Sold $295,000 -1.3% $112 / Sq Ft
08/30/2020 08/30/20 Pending -- -- --
08/29/2020 08/29/20 For Sale $299,000 -- $114 / 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 $1,375 $295,000 $0 $0
2023 $1,398 $295,000 $0 $0
2022 $3,575 $295,000 $0 $0
2021 $1,404 $295,000 $0 $0
2020 $903 $187,500 $30,000 $157,500
2019 $903 $187,500 $30,000 $157,500
2018 $922 $187,500 $30,000 $157,500
2017 $2,049 $187,500 $30,000 $157,500
2016 $875 $187,500 $30,000 $157,500
2015 $2,559 $187,500 $30,000 $157,500
2011 $2,559 $187,500 $30,000 $157,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 25014770

ImagineMLS (Bluegrass REALTORS®)

APN: 061-42-02-007.00