NOT LISTED FOR SALE

5300 Farm Ridge Ln Prospect, KY 40059

Estimated Value: $862,000 - $1,379,992

1.01 Acres
$1,167,984 Price per Acre
43,996 Sq Ft Lot

Last Sold November 04, 2015

Last sale price $235,000

Est. 407% increase in value since last sale

Current estimated payment $7,389/month

577 Days on Market

About This Lot

As of November 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 1/3 to 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

James Ernst

HomeSourceFirst

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $10,381

Lot Details

Community Details

  • Spring Farm Lake Subdivision

Listing and Financial Details

  • Legal Lot and Block 0137 / w006
  • Assessor Parcel Number w00601370010

Property Details

Property Type

Land

Est. Annual Taxes

$10,381

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: 1.01

Utilities

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

Lot Info

  • Lot Size Sq Ft: 43995.6
  • ResoLotSizeUnits: Acres
  • Parcel #: w00601370010
  • 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
Sep 9, 2016
Sold by
Prestige Builders Inc
Bought by
Kentucky Corporation
Current Estimated Value
$1,191,566

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Outstanding Balance
$376,445
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$716,970
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
Kentucky Corporation $820,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kentucky Corporation $460,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2015 11/04/15 Sold $235,000 -6.0% --
09/17/2015 09/17/15 Pending -- -- --
02/17/2014 02/17/14 For Sale $250,000 -- --
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 $10,381 $912,240 $186,450 $725,790
2023 $10,564 $912,240 $186,450 $725,790
2022 $9,579 $820,000 $235,000 $585,000
2021 $10,290 $820,000 $235,000 $585,000
2020 $9,446 $820,000 $235,000 $585,000
2019 $9,256 $820,000 $235,000 $585,000
2018 $9,106 $820,000 $235,000 $585,000
2017 $8,606 $820,000 $235,000 $585,000
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

    35 Total Sales

    Section Image

  • J

    Buyer's Agent in 2015

    James Ernst

    HomeSourceFirst

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Map

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

MLS Number: 1381782

Metro Search (Greater Louisville Association of REALTORS®)

APN: 364901100000

Kentucky Jefferson County Prospect 40059

5300 Farm Ridge Ln, Prospect, KY

This home is located at 5300 Farm Ridge Ln, Prospect, KY 40059 since 17 February 2014 and is currently estimated at $1,179,664. 5300 Farm Ridge Ln 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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