506 Ann St Frankfort, KY 40601
3
Beds
2
Baths
2,682
Sq Ft
10,019
Sq Ft Lot
Highlights
- Deck
- Attic
- No HOA
- Wood Flooring
- Bonus Room
- 3-minute walk to Parks Department
About This Home
As of September 2020Downtown living at its best - enjoy the convenience and fun of Frankfort's heart. No work to be done - move right into this carefully renovated home. Amazing kitchen to cook in with room to gather and a huge dining room for dinners with friends and family. Grand foyer, living room, sun room and bath finish the first floor. Three bedrooms and a bath upstairs with a huge closet off front bedroom. Wonderful details from built-ins, extensive molding, stained glass window to fireplaces galore. Watch the world go by from the front porch or relax in your backyard oasis in the middle of town - with a two car garage at the rear! A rare, functioning downtown basement completes this home you won't want to miss. All within easy commuting range of Lexington, Georgetown and Louisville. Come see it today!
Last Agent to Sell the Property
Bluegrass Realty & Investments License #210314 Listed on: 08/29/2020
Last Buyer's Agent
Harry Carver
ERA Summit
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
Home Design
- Stone Foundation
- Composition Roof
- Aluminum Siding
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Ceiling Fan
- Gas Log Fireplace
- Fireplace Features Masonry
- Insulated Windows
- Insulated Doors
- Entrance Foyer
- Living Room
- Dining Room
- Bonus Room
- Wood Flooring
- Basement Fills Entire Space Under The House
- Pull Down Stairs to Attic
Kitchen
- Eat-In Kitchen
- Cooktop
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
- 2 Full Bathrooms
Outdoor Features
- Deck
- Patio
Schools
- Second St Elementary School
- Second St Middle School
- Not Applicable Middle School
- Frankfort High School
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Natural Gas Connected
- Gas Water Heater
Community Details
- No Home Owners Association
- Downtown Subdivision
Listing and Financial Details
- Assessor 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
7.87%
Original Mortgage
$130,000
Outstanding Balance
$115,889
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$311,784
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
Similar Homes in Frankfort, KY
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 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% | $110 / Sq Ft |
| 08/30/2020 08/30/20 | Pending | -- | -- | -- |
| 08/29/2020 08/29/20 | For Sale | $299,000 | -- | $111 / Sq Ft |
Source: ImagineMLS (Bluegrass REALTORS®)
Tax History Compared to Growth
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
-
Mark Musgove
Seller's Agent in 2025
Mark Musgove
The Brokerage
(859) 963-8120
52 Total Sales
-
Harry Carver
Seller's Agent in 2020
Harry Carver
Bluegrass Realty & Investments
(502) 330-1737
42 Total Sales
Map
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 20017914
APN: 061-42-02-007.00
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