NOT LISTED FOR SALE

525 Lucas Ln Frankfort, KY 40601

Estimated Value: $1,270,874 - $2,062,000

5 Beds
4.5 Baths
7,400 Sq Ft
$236/Sq Ft Est. Value

Last Sold October 09, 2024

Last sale price $1,850,000 $250 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $10,542/month

56 Days on Market

Highlights

  • Water Views
  • Colonial Architecture
  • Forced Air Heating System
  • 7 Horse Stalls
  • Farm

About This Home

As of October 2024

Located in KY's capital city and just 30 minutes from Lexington, this spacious 7400+/- sf custom built home has been recently renovated. Brazilian hardwood floors, tall ceilings, gourmet kitchen, luxurious primary suite add to its desirability. This 20-acre estate also offers a detached garage with apartment, a quaint 4 stall barn, and a salt water pool all with access to a private lake

Last Agent to Sell the Property

Bill Justice

Justice Real Estate License #223731 Listed on: 06/26/2024

Last Buyer's Agent

Bo Goodman

Justice Real Estate License #280694

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2004

Lot Details

  • 20

Property Views

  • Water
  • Farm

Home Design

  • Colonial Architecture

Interior Spaces

  • 7,400 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms

Schools

  • Peaks Mill Elementary School
  • Elkhorn Middle School
  • Franklin Co High School

Utilities

  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Heating System Powered By Owned Propane
  • Septic Tank

Additional Features

  • 20 Acre Lot
  • Farm
  • 7 Horse Stalls

Community Details

  • Rural Subdivision

Listing and Financial Details

  • Assessor Parcel Number 093-00-00-004.42

Home Details

Home Type

Single Family

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Type: Farm
  • Property Sub-Type: Farm
  • Architectural Style: Colonial
  • Structure Type: House
  • Year Built: 2004
  • Above Grade Finished Sq Ft: 7400.0
  • Levels: Two
  • New Construction: No
  • Structure Type:House: Yes
  • Water Source:Public: Yes
  • Architectural Style:Colonial: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Total Bedrooms: 5
  • LivingArea: 7400.0
  • Lot Size Area: 20.0

Exterior Features

  • List Price: 1950000.0
  • View: Farm, Water
  • View YN: Yes

Utilities

  • Sewer: Septic Tank
  • Heating: Electric, Forced Air, Natural Gas, Propane Tank Owned
  • Heating: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Sewer Septic Tank: Yes
  • Heating:Propane Tank Owned: Yes

Schools

  • Elementary School: Peaks Mill
  • High School: Franklin Co
  • Middle or Junior School: Elkhorn Middle

Lot Info

  • Lot Dimensions: 0
  • Lot Size Acres: 20.0
  • Lot Size Sq Ft: 871200.0
  • Parcel Number: 093-00-00-004.42

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2025
Sold by
Gumaer Lynley
Bought by
Dickerson David C
Current Estimated Value
$1,747,958

Purchase Details

Closed on
Aug 14, 2020
Sold by
Hudgeon Kimberly Jacoby and Hudgeon Michael
Bought by
Big Dog Holdings Ll

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,147,500
Interest Rate
3%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Dickerson David C $60,000 None Listed On Document
Dickerson David C $60,000 None Listed On Document
Big Dog Holdings Ll $1,350,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Big Dog Holdings Ll $1,147,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2024 10/09/24 Sold $1,850,000 -5.1% $250 / Sq Ft
08/22/2024 08/22/24 Pending -- -- --
07/23/2024 07/23/24 Price Changed $1,950,000 -11.4% $264 / Sq Ft
06/26/2024 06/26/24 For Sale $2,200,000 -- $297 / Sq Ft
Source: ImagineMLS (Bluegrass REALTORS®)

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
2025 $17,359 $1,448,984 $0 $0
2024 $11,997 $993,984 $0 $0
2023 $11,878 $993,984 $0 $0
2022 $11,769 $993,984 $0 $0
2019 $8,825 $729,384 $8,984 $720,400
2018 $8,671 $718,517 $8,117 $710,400
2016 $8,167 $716,093 $5,693 $710,400
Source: Public Records

Agents Affiliated with this Home

  • Bill Justice

    Seller's Agent in 2024

    Bill Justice

    Justice Real Estate

    (859) 255-3657

    67 Total Sales

    Bill Justice
    Section Image
  • Bo Goodman

    Buyer's Agent in 2024

    Bo Goodman

    Justice Real Estate

    (859) 509-0582

    7 Total Sales

    Bo Goodman
    Section Image
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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 24013160

ImagineMLS (Bluegrass REALTORS®)

APN: 093-00-00-004.42

Kentucky Franklin County Frankfort 40601

525 Lucas Ln, Frankfort, KY

Not Listed for Sale

Detached

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