NOT LISTED FOR SALE

5301 Old Richmond Rd Lexington, KY 40515

Coletown Neighborhood

Estimated Value: $1,576,000

10.14 Acres
$155,424 Price per Acre
441,698 Sq Ft Lot

Last Sold February 22, 2024

Last sale price $1,600,000 $310 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $9,700/month

173 Days on Market

About This Lot

As of February 2024

Welcome to Rose Arbor Farm, the perfect Lexington property for the equine enthusiast. The excellent amenities include a 5,200 sq ft exceptionally maintained main residence, a separate garage apartment (not included in res sqft), 10 stalls in 2 barns, 7 paddocks with excellent fencing, asphalt roadways and much more. The property is extremely well designed for easy management and care of your horses. The location is fantastic, near Juddmonte, Woods Edge and Champagne Run. This is an extraordinary property in a superior location.

Last Agent to Sell the Property

Tom Biederman

Biederman Real Estate License #186255 Listed on: 06/16/2023

Last Buyer's Agent

Lindsay Barsotti

ERA Select Real Estate License #222144

ERA Select Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,551

Year Built

  • 1903

Lot Details

  • 10.14

Additional Features

  • 3 Bathrooms
  • 10.14 Acre Lot

Community Details

  • Rural Subdivision

Listing and Financial Details

  • Assessor Parcel Number 20475953

Property Details

Property Type

Land

Est. Annual Taxes

$13,551

Year Built

1903

Lot Details

0

Listing Details

  • Property Type: Land
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1903

Interior Features

  • Total Bathrooms: 3
  • Lot Size Area: 10.14
  • Possible Use: Residential

Exterior Features

  • List Price: 1650000.0
  • Lot Features: Gentle Sloping, Level, Rolling Slope

Lot Info

  • Topography: Gentle Sloping, Rolling Slope, Level
  • Lot Dimensions: 10.14 acres
  • Lot Size Acres: 10.14
  • Lot Size Sq Ft: 441698.0
  • Parcel Number: 20475953

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2023
Closed on
Feb 20, 2024
Sold by
Blount Joellen Fisher
Bought by
Velicovich Joyce W
Seller's Agent
Tom Biederman
Biederman Real Estate
Buyer's Agent
Lindsay Barsotti
ERA Select Real Estate
List Price
$1,650,000
Sold Price
$1,600,000
Premium/Discount to List
-$50,000
-3.03%
Views
758
Current Estimated Value
$1,576,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$24,000
Original Mortgage
$1,270,000
Outstanding Balance
$1,250,218
Interest Rate
6.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2010
Sold by
Koffler Margaret L and Koffler Bruce H
Bought by
Blount Joellen Fisher
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
Velicovich Joyce W $1,600,000 None Listed On Document
Blount Joellen Fisher $1,600,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velicovich Joyce W $1,270,000
Previous Owner Koffler Margaret L $254,000
Previous Owner Koffler Margaret L $100,000
Previous Owner Koffler Margaret L $700,000
Previous Owner Koffler Margaret A $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2024 02/22/24 Sold $1,600,000 -3.0% $310 / Sq Ft
12/07/2023 12/07/23 Pending -- -- --
06/16/2023 06/16/23 For Sale $1,650,000 -- $320 / 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 $13,551 $1,600,000 $0 $0
2023 $11,443 $1,402,700 $0 $0
2022 $11,909 $1,365,700 $0 $0
2021 $11,909 $1,365,700 $0 $0
2020 $11,922 $1,365,700 $0 $0
2019 $11,922 $1,365,700 $0 $0
2018 $11,941 $1,365,700 $0 $0
2017 $11,292 $1,119,100 $0 $0
2015 $10,258 $1,117,800 $0 $0
2014 $10,258 $1,084,800 $0 $0
2012 $10,258 $1,332,652 $258,922 $1,073,730
Source: Public Records

Agents Affiliated with this Home

  • Tom Biederman

    Seller's Agent in 2024

    Tom Biederman

    Biederman Real Estate

    (859) 312-0606

    3 in this area

    94 Total Sales

    Tom Biederman
    Section Image
  • Lindsay Barsotti

    Buyer's Agent in 2024

    Lindsay Barsotti

    ERA Select Real Estate

    (859) 351-6446

    2 in this area

    151 Total Sales

    Lindsay Barsotti
    Section Image
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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 23011243

ImagineMLS (Bluegrass REALTORS®)

APN: 20475953

Kentucky Fayette County Lexington 40515 Coletown

5301 Old Richmond Rd, Lexington, KY

This home is located at 5301 Old Richmond Rd, Lexington, KY 40515 since 16 June 2023 and is currently priced at $1,576,000, approximately $305 per square foot. This property was built in 1903. 5301 Old Richmond Rd is a home located in Fayette County with nearby schools including Brenda Cowan Elementary School, Edythe Jones Hayes Middle School, and Henry Clay High 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.

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