NOT LISTED FOR SALE

5403 Farm Ridge Ln Prospect, KY 40059

Estimated Value: $1,123,446 - $1,225,000

6 Beds
4.5 Baths
6,578 Sq Ft
$179/Sq Ft Est. Value

Last Sold May 26, 2020

Last sale price $835,000 $127 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $6,848/month

399 Days on Market

Highlights

  • Deck
  • Traditional Architecture
  • Screened Porch
  • Norton Elementary School Rated A-
  • 1 Fireplace
  • Balcony

About This Home

As of May 2020

This elegant and stately home is situated in the prestigious Prospect subdivision of Spring Farm Place and has been just been extensively updated with the latest trends in color. The first floor includes a two story foyer and a large great room with sensational lake views. You'll also find a very large and inviting kitchen that's open to a wonderful morning room complete with a fireplace hearth and also offers beautiful lake views. The first floor master suite is impressive and large and you'll also find on the first floor a private office study, and a truly gorgeous formal dining room. The walk out lower level is wonderful! You find a large family room as well as the 5th bedroom, plus a 6th bedroom currently set up as a full exercise room. Other features include a three car attached garage, circular driveway, irrigation system, extensive millwork....the list of upgrades is endless. The beautifully landscaped yard overlooks the stocked pond and can be enjoyed from the screened porch, upper deck and lower level patio. Very proudly shown by appointment...call today!

Last Agent to Sell the Property

Joe Mclaughlin

Keller Williams Collective License #191620 Listed on: 03/22/2019

Keller Williams Collective

Last Buyer's Agent

Matt Hoagland

RE/MAX Premier Properties License #218854

RE/MAX Premier Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2005

Lot Details

  • 0.74

Parking

  • 3 Car Garage
  • Side or Rear Entrance to Parking

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Shingle Roof

Interior Spaces

  • 2-Story Property
  • 1 Fireplace
  • Screened Porch
  • Basement

Bedrooms and Bathrooms

  • 6 Bedrooms

Outdoor Features

  • Balcony
  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • Property has a Home Owners Association
  • Spring Farm Place Subdivision

Listing and Financial Details

  • Legal Lot and Block 30 / 3649
  • Assessor Parcel Number 364900300000
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Year Built

Built in 2005

Lot Details

0.74 Acres

Parking

3

Listing Details

  • Cooling System: Central Air
  • Stories: 2
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Garage Yn: Yes
  • Subdivision Name: SPRING FARM PLACE
  • Above Grade Finished Sq Ft: 4026.0
  • Architectural Style: Traditional
  • ResoBuildingAreaSource: Appraiser
  • Utilities Electricity Connected: Yes
  • Full Bathroom Level: Second
  • Half Bathroom Level: First
  • Primary Bathroom Level: First
  • Primary Bedroom Level: First
  • Roof:Shingle: Yes
  • Cooling Central Air: Yes
  • Architectural Style Traditional: Yes
  • Sewer:Public Sewer: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Walkout Finished, Walkout Part Fin
  • Bedroom Level: Second
  • Family Room Level: Basement
  • Foyer Level: First
  • Great Room Level: First
  • Kitchen Level: First
  • Laundry Level: First
  • Other Level: First
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 2552.0
  • Fireplaces: 1
  • ResoLivingAreaSource: Appraiser
  • Other Rooms:Family Room2: Yes
  • BasementFoundation:Poured Concrete: Yes
  • Other Rooms:Foyer: Yes

Exterior Features

  • Fencing: None
  • Roof: Shingle
  • Acres: 0.74
  • Construction Type: Brick Veneer
  • Exterior Features: Balcony
  • Foundation Details: Poured Concrete
  • Patio And Porch Features: Screened Porch, Deck, Patio
  • Patio And Porch Features:Deck2: Yes

Garage/Parking

  • Garage Spaces: 3.0
  • Attached Garage: No
  • Parking Features: Entry Side

Utilities

  • Utilities: Electricity Connected, Fuel:Natural
  • Cooling Y N: Yes
  • Heating: Forced Air, Natural Gas
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Sub Condo Amenities Year Building Built: 2006
  • Association Fee: 1050.0
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 32234.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 364900300000
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built: 2005

Tax Info

  • Tax Block: 3649
  • Tax Lot: 30

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2022
Sold by
Lovan Andrew K and Livin Rebecca
Bought by
Johnson Brian
Current Estimated Value
$1,179,612

Purchase Details

Closed on
Jul 26, 2022
Sold by
Lovan Andrew K and Lovan Rebecca A
Bought by
Andrew K Lovan And Rebecca A Lovan Living Tru and Lovan

Purchase Details

Listed on
Mar 22, 2019
Closed on
May 26, 2020
Sold by
Ramasubramanian Aparna and Vijaykrishnan Rajakrishanan
Bought by
Lovan Rebecca Ann and Lovan Andrew Kyle
Seller's Agent
Joe Mclaughlin
Keller Williams Collective
Buyer's Agent
Matt Hoagland
RE/MAX Premier Properties
List Price
$1,049,900
Sold Price
$835,000
Premium/Discount to List
-$214,900
-20.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.15%
Original Mortgage
$668,000
Interest Rate
3.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 10, 2011
Closed on
Jan 5, 2012
Sold by
Heitmann Erik and Heitmann Susan
Bought by
Williams Louie N and Williams Sheron R
Seller's Agent
Judie Parks
Prudential Parks & Weisberg
Buyer's Agent
Joe McLaughlin
RE/MAX Associates of Louisville
List Price
$895,000
Sold Price
$850,000
Premium/Discount to List
-$45,000
-5.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.21%
Original Mortgage
$300,000
Interest Rate
4.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 13, 2006
Sold by
Pat Durham Builders Inc
Bought by
Heitmann Erik and Heitmann Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
1%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Johnson Brian -- --
Andrew K Lovan And Rebecca A Lovan Living Tru -- None Listed On Document
Lovan Rebecca Ann $835,000 None Available
Williams Louie N $850,000 Mattingly Ford Title
Heitmann Erik $850,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lovan Rebecca Ann $668,000
Previous Owner Williams Louie N $300,000
Previous Owner Heitmann Erik $680,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/26/2020 05/26/20 Sold $835,000 -9.2% $127 / Sq Ft
10/11/2019 10/11/19 Price Changed $920,000 -4.2% $140 / Sq Ft
08/10/2019 08/10/19 Price Changed $959,900 -3.0% $146 / Sq Ft
08/02/2019 08/02/19 Price Changed $989,900 -0.5% $150 / Sq Ft
05/17/2019 05/17/19 Price Changed $995,000 -5.2% $151 / Sq Ft
03/22/2019 03/22/19 For Sale $1,049,900 +14.1% $160 / Sq Ft
10/22/2015 10/22/15 Sold $920,000 -0.5% $164 / Sq Ft View Prior Sale
09/13/2015 09/13/15 Pending -- -- --
09/11/2015 09/11/15 For Sale $925,000 +8.8% $165 / Sq Ft
01/05/2012 01/05/12 Sold $850,000 -5.0% $135 / Sq Ft View Prior Sale
12/08/2011 12/08/11 Pending -- -- --
04/14/2011 04/14/11 For Sale $895,000 -- $142 / Sq Ft
Source: Metro Search, Inc.

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 $9,319 $835,000 $200,000 $635,000
2024 $9,502 $835,000 $200,000 $635,000
2023 $9,669 $835,000 $200,000 $635,000
2022 $9,703 $835,000 $200,000 $635,000
2021 $10,522 $835,000 $200,000 $635,000
2020 $10,598 $920,000 $181,500 $738,500
2019 $10,385 $920,000 $181,500 $738,500
2018 $10,217 $920,000 $181,500 $738,500
2017 $9,655 $920,000 $181,500 $738,500
2013 $8,500 $850,000 $181,500 $668,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Metro Search, Inc.

MLS Number: 1527319

Metro Search, Inc.

APN: 364900300000

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