507 Rapids Rd Franklin, KY 42134
Estimated Value: $263,000 - $383,000
3
Beds
2
Baths
2,160
Sq Ft
$140/Sq Ft
Est. Value
Highlights
- Waterfront
- Mature Trees
- Wood Burning Stove
- 83 Acre Lot
- Deck
- Farm
About This Home
As of July 2022This 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.
Last Agent to Sell the Property
Century 21 Premier Realty Part License #184939 Listed on: 10/09/2021
Property Details
Property Type
- Other
Est. Annual Taxes
- $2,328
Year Built
- Built in 1920
Lot Details
- 83 Acre Lot
- Waterfront
- Property fronts a highway
- Street terminates at a dead end
- Partially Fenced Property
- Barbed Wire
- Level Lot
- Mature Trees
- Partially Wooded Lot
- Garden
Parking
- Detached Garage
Home Design
- Farmhouse Style Home
- Farm
- Block Foundation
- Shingle Roof
- Pier And Beam
- Vinyl Construction Material
Interior Spaces
- 2,160 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Wood Burning Stove
- Heatilator
- Flue
- Blinds
- Insulated Doors
- Family Room
- Storage In Attic
- Laundry Room
Kitchen
- Eat-In Country Kitchen
- Breakfast Area or Nook
- Self-Cleaning Oven
- Electric Range
- Range Hood
- Microwave
Flooring
- Wood
- Carpet
- Laminate
Bedrooms and Bathrooms
- 3 Bedrooms
- Primary Bedroom on Main
- Bathroom on Main Level
- 2 Full Bathrooms
- Secondary bathroom tub or shower combo
- Bathtub
- Separate Shower
Home Security
- Home Security System
- Fire and Smoke Detector
Outdoor Features
- Stream or River on Lot
- Deck
- Patio
- Exterior Lighting
- Outdoor Storage
- Porch
Schools
- Franklin Simpson Elementary And Middle School
- Franklin Simpson High School
Utilities
- Ductless Heating Or Cooling System
- Forced Air Zoned Heating and Cooling System
- Heat Pump System
- Electric Water Heater
- Septic System
- Satellite Dish
Additional Features
- Outside City Limits
- Farm
Listing and Financial Details
- Assessor Parcel Number 0420000007100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 20, 2018
Sold by
Summers Homes Llc
Bought by
Bell Richele
Total Days on Market
105
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,963
Interest Rate
4.9%
Mortgage Type
FHA
Similar Homes in Franklin, KY
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bell Richele | $215,000 | Foreman Watson Land Ttl Llc |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bell Richele | $204,517 | |
| Closed | Bell Richele | $207,963 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2022 07/15/22 | Sold | $1,245,000 | 0.0% | $576 / Sq Ft |
| 02/01/2022 02/01/22 | Off Market | $1,245,000 | -- | -- |
| 01/22/2022 01/22/22 | Pending | -- | -- | -- |
| 10/28/2021 10/28/21 | Price Changed | $1,600,000 | -11.1% | $741 / Sq Ft |
| 10/09/2021 10/09/21 | For Sale | $1,800,000 | -- | $833 / Sq Ft |
Source: Real Estate Information Services (REALTOR® Association of Southern Kentucky)
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 | $2,328 | $263,000 | $0 | $0 |
| 2023 | $2,002 | $215,000 | $0 | $0 |
| 2022 | $1,881 | $215,000 | $0 | $0 |
| 2021 | $1,866 | $215,000 | $0 | $0 |
| 2020 | $1,884 | $215,000 | $0 | $0 |
| 2019 | $1,921 | $215,000 | $0 | $0 |
| 2018 | $151 | $17,500 | $0 | $0 |
| 2017 | $152 | $17,000 | $0 | $0 |
| 2016 | $151 | $17,500 | $0 | $0 |
| 2015 | -- | $17,500 | $0 | $0 |
| 2013 | -- | $148,500 | $0 | $148,500 |
Source: Public Records
Agents Affiliated with this Home
-
Jerri Ferrell
Seller's Agent in 2022
Jerri Ferrell
Century 21 Premier Realty Part
(270) 776-0547
15 Total Sales
-
Joe Wade
Buyer's Agent in 2022
Joe Wade
Crye-Leike
(270) 303-0272
255 Total Sales
Map
Source: Real Estate Information Services (REALTOR® Association of Southern Kentucky)
MLS Number: RA20214559
APN: 042-00-00-034.00
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