NOT LISTED FOR SALE

5407 Farm Ridge Ln Prospect, KY 40059

Estimated Value: $1,642,000 - $2,120,000

6 Beds
5.5 Baths
9,058 Sq Ft
$214/Sq Ft Est. Value

Last Sold August 16, 2021

Last sale price $1,795,000 $198 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $12,279/month

1 Day on Market

Highlights

  • Traditional Architecture
  • Home Gym
  • 3 Car Attached Garage
  • Norton Elementary School Rated A-
  • Porch
  • Patio

About This Home

As of August 2021

Magnificent six bedroom 6 ½ bath home was custom built by John Waller who is known for his architectural designs, construction, fine trim work and mouldings. Each ceiling on the main level is unique and has been meticulously crafted, including the living room ceiling which was inspired by a piece of Henredon furniture. The carved wooden stair rail surrounding the curved staircase was also designed by the builder. Architecturally rich in detail, the soaring ceilings and large light-filled rooms with custom windows and fabulous built-ins give the home a gracious flow for large gatherings. The first level also has five fireplaces which add an element of coziness and ambiance. The home has a wide entry hall dividing the primary bedroom ensuite wing on one side from the gathering areas on the other. The primary suite has a coffee bar and a built-in desk and glass cabinets. There is an outside entrance from the primary suite that opens onto a lushly planted, private patio. An extraordinary bathroom suite features a gas fireplace, soaking tub, steam shower, and two large walk-in closets. The home has two separate offices which are conducive to working remotely from home. One of the offices has cherry wood paneling with glass French doors and the other is off the kitchen with a large built-in desk and file drawers. Also on the first floor is the dining room with built-in corner cabinets, a fabulous, well-equipped chef's kitchen with top of the line appliances, custom spice racks, two islands, vaulted hearth room and an adjoining breakfast room with a wet bar, refrigerator drawers and a second dishwasher. The laundry room is conveniently located as you enter from the three car garage.
Outside the breakfast room is a wonderful covered patio leading to a lower terrace with outdoor fireplace and built-in grill. The private yard is flat and fully fenced.

The second floor has a spacious media/ living room with a large screen projector and four unique bedrooms each with its own bathroom and ample closets. Especially nice is the second floor laundry!

The lower level is a lovely space with high ceilings and 2895 sq ft of finished space. Perfect for large gatherings, it has high ceilings, a kitchen, bar, pool table room, theatre room, bedroom with a full bath, exercise room and ample storage. There is also a tiled mud room with access to the garage and a built-in pet washing station.

The neighborhood is convenient to numerous schools, shopping and the Prospect/Gene Snyder ramp for easy access to other parts of the city.
This beautiful, custom built home has been meticulously maintained and offers lots of space to be together ... or to be apart.

Last Agent to Sell the Property

Barbara Tafel

Kentucky Select Properties Listed on: 06/17/2021

Last Buyer's Agent

Jon Mand

Lenihan Sotheby's International Realty License #212298

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,427

Year Built

  • Built in 2006

Lot Details

  • Property is Fully Fenced

Parking

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

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Poured Concrete
  • Shingle Roof
  • Stone Siding
  • Stucco

Interior Spaces

  • 2-Story Property
  • Home Gym
  • Basement

Bedrooms and Bathrooms

  • 6 Bedrooms

Outdoor Features

  • Patio
  • Porch

Utilities

  • Central Air
  • 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 0028 / 3649
  • Assessor Parcel Number 364900280000
  • Seller Concessions Not Offered

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,427

Year Built

Built in 2006

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
  • Subdivision Name: SPRING FARM PLACE
  • Above Grade Finished Sq Ft: 6163.0
  • Architectural Style: Traditional
  • ResoBuildingAreaSource: Appraiser
  • Utilities Electricity Connected: Yes
  • Dining Room Level: First
  • Primary Bedroom Level: First
  • Roof:Shingle: Yes
  • Cooling Central Air: Yes
  • Rooms Exercise Room2: Yes
  • Architectural Style Traditional: Yes
  • Sewer:Public Sewer: Yes
  • Special Features: None

Interior Features

  • Basement: Finished, Outside Entry
  • Bedroom Level: Second
  • Breakfast Room Level: First
  • Exercise Room Level: Basement
  • Family Room Level: First
  • Great Room Level: First
  • Kitchen Level: First
  • Laundry Level: First
  • Media Room Level: Second
  • Office Level: First
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 2895.0
  • Total Bedrooms: 18
  • ResoLivingAreaSource: Appraiser
  • Other Rooms:Family Room2: Yes
  • BasementFoundation:Poured Concrete: Yes
  • Basement Finished: Yes
  • Other Rooms:Office: Yes
  • Other Rooms:Breakfast Room: Yes

Exterior Features

  • Fencing: Full
  • Roof: Shingle
  • Acres: 0.57
  • Construction Type: Brick, Stucco, Stone
  • Foundation Details: Poured Concrete
  • Patio And Porch Features: Patio, Porch
  • Construction:Brick3: Yes
  • Exterior Features:Fencing - Full: Yes
  • Construction:Stone3: Yes
  • Construction:Stucco2: Yes
  • Patio and Porch Features:Porch2: Yes

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association Fee: 1070.0
  • Association: Yes

Schools

  • Junior High Dist: Jefferson

Lot Info

  • Lot Size Sq Ft: 24829.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 364900280000
  • ResoLotSizeUnits: Acres

Building Info

  • Year Built: 2006

Tax Info

  • Tax Block: 3649
  • Tax Lot: 0028

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2021
Closed on
Aug 15, 2021
Sold by
Hafele Tricia and Murphy Sean F
Bought by
Berman Gregory and Berman Ellyn Friedman
Seller's Agent
Barbara Tafel
Kentucky Select Properties
Buyer's Agent
Jon Mand
Lenihan Sotheby's International Realty
List Price
$1,795,000
Sold Price
$1,795,000
Current Estimated Value
$1,941,334

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,334
Avg. Annual Appreciation
5.00%

Purchase Details

Closed on
May 18, 2007
Sold by
Waller Custom Built Homes Inc
Bought by
Hafele Tricia
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
Berman Gregory $1,795,000 Louisville Title Agency Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Waller Custom Built Homes Inc $1,168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2021 08/16/21 Sold $1,795,000 0.0% $198 / Sq Ft
06/18/2021 06/18/21 Pending -- -- --
06/17/2021 06/17/21 For Sale $1,795,000 -- $198 / 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 $20,427 $1,795,000 $161,000 $1,634,000
2023 $20,786 $1,795,000 $161,000 $1,634,000
2022 $20,858 $1,631,330 $200,000 $1,431,330
2021 $20,472 $1,631,330 $200,000 $1,431,330
2020 $18,793 $1,631,330 $200,000 $1,431,330
2019 $18,414 $1,631,330 $200,000 $1,431,330
2018 $18,116 $1,631,330 $200,000 $1,431,330
2017 $17,121 $1,631,330 $200,000 $1,431,330
2013 $15,491 $1,549,100 $165,000 $1,384,100
Source: Public Records

Agents Affiliated with this Home

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Map

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

MLS Number: 1588501

Metro Search (Greater Louisville Association of REALTORS®)

APN: 364900280000