NOT LISTED FOR SALE

5406 Farm Ridge Ln Prospect, KY 40059

Estimated Value: $1,606,000 - $2,032,000

4 Beds
5.5 Baths
8,284 Sq Ft
$227/Sq Ft Est. Value

Last Sold November 06, 2020

Last sale price $1,515,000 $183 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $11,667/month

14 Days on Market

Highlights

  • In Ground Pool
  • Deck
  • 2 Fireplaces
  • Norton Elementary School Rated A-
  • Traditional Architecture
  • Home Gym

About This Home

As of November 2020

THIS HOUSE HAS IT ALL! Absolutely stunning move in ready dream house with a total of 8,284 sq ft! Sellers have added a spectacular swimming pool, theater room and sunroom since their purchase in 2017. The fabulous design is so conducive to our new Covid lives: plenty of rooms for togetherness and recreation, but also plenty of separation for home offices and schooling! Lovely high-end finishes, custom millwork, coffered ceilings and beautiful hardwood floors! Lower level has theater room, family room, game room, wet bar, exercise room and play room (2,700 sq ft total finished in lower level). Outdoor kitchen! Spectacular top of the line condition! And the lovely convivial & convenient Spring Farm Place subdivision even has a stocked pond if you decide to hang a ''gone fishing'' sign at the door.

Last Agent to Sell the Property

Joanne Owen

Kentucky Select Properties License #181860 Listed on: 09/14/2020

Kentucky Select Properties

Last Buyer's Agent

Ryan Davis

Kentucky Select Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,241

Year Built

  • Built in 2008

Lot Details

  • Partially Fenced Property

Parking

  • 3 Car Attached Garage
  • Side or Rear Entrance to Parking
  • Driveway

Home Design

  • Traditional Architecture
  • Poured Concrete
  • Shingle Roof
  • Stone Siding

Interior Spaces

  • 2-Story Property
  • 2 Fireplaces
  • Home Gym
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • In Ground Pool
  • Deck
  • Patio
  • Porch

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 0035 / 3649
  • Assessor Parcel Number 364900350000
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,241

Year Built

Built in 2008

Lot Details

0

Parking

3

Listing Details

  • Cooling System: Central Air
  • Stories: 2
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Garage Yn: Yes
  • ResoPoolFeatures: In Ground
  • Subdivision Name: SPRING FARM PLACE
  • Above Grade Finished Sq Ft: 5584.0
  • Architectural Style: Traditional
  • ResoBuildingAreaSource: Appraiser
  • Utilities Electricity Connected: Yes
  • Dining Room Level: First
  • Full Bathroom Level: Second
  • Half Bathroom Level: First
  • Primary Bathroom Level: First
  • Primary Bedroom Level: First
  • Roof:Shingle: Yes
  • Cooling Central Air: Yes
  • Rooms Exercise Room2: Yes
  • Pool Features In Ground: Yes
  • Architectural Style Traditional: Yes
  • Sewer:Public Sewer: Yes
  • Special Features: VirtualTour

Interior Features

  • Basement: Partially Finished
  • Fireplaces Level 1: 2
  • Bedroom Level: Second
  • Exercise Room Level: Basement
  • Family Room Level: First
  • Game Room Level: Basement
  • Great Room Level: First
  • Kitchen Level: First
  • Laundry Level: First
  • Media Room Level: Basement
  • Study Level: First
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 2700.0
  • Fireplaces: 2
  • Total Bedrooms: 20
  • ResoLivingAreaSource: Appraiser
  • Other Rooms:Family Room2: Yes
  • BasementFoundation:Poured Concrete: Yes
  • Basement:Partially Finished: Yes
  • Other Rooms:Study: Yes

Exterior Features

  • Fencing: Partial
  • Roof: Shingle
  • Acres: 0.55
  • Construction Type: Brick Veneer, Stone
  • Foundation Details: Poured Concrete
  • Patio And Porch Features: Deck, Patio, Porch
  • Construction:Stone3: Yes
  • Patio And Porch Features:Deck2: Yes
  • Patio and Porch Features:Porch2: Yes

Garage/Parking

  • Garage Spaces: 3.0
  • Attached Garage: Yes
  • Parking Features: On Street, Attached, Entry Side, Driveway
  • General Property Description:Garage Spaces: 3
  • GarageParking:Attached: Yes
  • Garageparkingdriveway: Yes

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

  • Association Fee: 1070.0
  • Association: Yes

Schools

  • Junior High Dist: Jefferson

Lot Info

  • Lot Size Sq Ft: 23958.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 364900350000
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built: 2008

Tax Info

  • Tax Block: 3649
  • Tax Lot: 0035

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2017
Closed on
Jun 20, 2017
Sold by
Louisville Cor Partner Rev Trsut
Bought by
Ballard Mark R and Ballard Eunju Yang
Seller's Agent
Terri Bass
Lenihan Sotheby's International Realty
Buyer's Agent
Joanne Owen
Kentucky Select Properties
List Price
$1,400,000
Sold Price
$1,365,000
Premium/Discount to List
-$35,000
-2.5%
Current Estimated Value
$1,877,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$512,575
Avg. Annual Appreciation
4.09%
Original Mortgage
$1,050,000
Outstanding Balance
$746,688
Interest Rate
4.02%
Mortgage Type
Commercial
Estimated Equity
$1,146,903

Purchase Details

Closed on
Apr 22, 2011
Sold by
Buddy Cox Builders Llc
Bought by
Sealscott Johanna and Sealscott Tige J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$784,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 8, 2008
Sold by
Waller Custom Built Homes Inc
Bought by
Buddy Cox Builders Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
6.17%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 12, 2007
Sold by
Sterling Development Group Ltd
Bought by
Waller Custom Built Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6.3%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
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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
Ballard Mark R $1,365,000 None Available
Sealscott Johanna $980,000 None Available
Buddy Cox Builders Llc $223,000 None Available
Waller Custom Built Homes Inc $210,000 First American
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ballard Mark R $1,050,000
Previous Owner Sealscott Johanna $770,000
Previous Owner Sealscott Johanna $784,000
Previous Owner Buddy Cox Builders Llc $850,000
Previous Owner Buddy Cox Builders Llc $222,000
Previous Owner Waller Custom Built Homes Inc $210,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2020 11/06/20 Sold $1,515,000 -10.9% $183 / Sq Ft
09/28/2020 09/28/20 Pending -- -- --
09/14/2020 09/14/20 For Sale $1,700,000 +24.5% $205 / Sq Ft
06/20/2017 06/20/17 Sold $1,365,000 -2.5% $167 / Sq Ft
04/15/2017 04/15/17 Pending -- -- --
04/14/2017 04/14/17 For Sale $1,400,000 +13.8% $171 / Sq Ft
12/11/2015 12/11/15 Sold $1,230,000 -12.1% $150 / Sq Ft
10/24/2015 10/24/15 Pending -- -- --
05/22/2015 05/22/15 For Sale $1,399,000 -- $171 / Sq Ft
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 $17,241 $1,515,000 $200,000 $1,315,000
2023 $17,544 $1,515,000 $200,000 $1,315,000
2022 $17,604 $1,515,000 $200,000 $1,315,000
2021 $18,935 $1,515,000 $200,000 $1,315,000
2020 $15,725 $1,365,000 $200,000 $1,165,000
2019 $15,408 $1,365,000 $200,000 $1,165,000
2018 $15,158 $1,365,000 $200,000 $1,165,000
2017 $12,909 $1,230,000 $223,000 $1,007,000
2013 $9,800 $980,000 $223,000 $757,000
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 1569200

Metro Search (Greater Louisville Association of REALTORS®)

APN: 364900350000