NOT LISTED FOR SALE

5508 Russell Cave Rd Lexington, KY 40511

Loradale Neighborhood

Estimated Value: $3,154,029

95 Acres
$33,376 Price per Acre
4,116,420 Sq Ft Lot

Last Sold November 18, 2022

Last sale price $2,700,000 $450 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $18,277/month

88 Days on Market

Highlights

  • 94.5 Acre Lot
  • Colonial Architecture
  • Fireplace
  • Views of a Farm
  • Wood Flooring
  • Entrance Foyer

About This Lot

As of November 2022

Location!! Size!! History!! Immediate neighbors include Mt. Brilliant and Hester Equine. Completely-restored c.1830's colonial home with 6,000 +/- SF, 4 bedrooms, 3 baths, gourmet kitchen, luxurious primary bath, elevator. 13 stall horse barn, equipment building, run-in sheds, plank fencing, and great soils!!

Last Agent to Sell the Property

Bill Justice

Justice Real Estate License #223731 Listed on: 07/27/2022

Last Buyer's Agent

Bill Justice

Justice Real Estate License #223731 Listed on: 07/27/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $18,453

Year Built

  • Built in 1830

Lot Details

  • 94.5 Acre Lot
  • Plank Fence
  • Fenced
  • Gentle Sloping Lot
  • Property is zoned AR

Parking

  • Garage

Home Design

  • Colonial Architecture

Interior Spaces

  • 6,000 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Entrance Foyer
  • Dining Room
  • Wood Flooring
  • Views of a Farm
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Schools

  • Not Applicable Middle School

Farming

  • Horse or Livestock Barn
  • Equipment Barn

Horse Facilities and Amenities

  • Hay Storage

Utilities

  • Forced Air Heating and Cooling System
  • Hot Water Heating System
  • Geothermal Heating and Cooling
  • Heating System Uses Steam
  • Septic Tank
  • Phone Available

Community Details

  • Rural Subdivision

Listing and Financial Details

  • Assessor Parcel Number 26170350

Property Details

Property Type

Land

Est. Annual Taxes

$18,453

Year Built

Built in 1830

Lot Details

0

Listing Details

  • Property Type: Land - Farm/Land
  • Property Sub-Type: Farm
  • Architectural Style: Colonial
  • Structure Type: House
  • Year Built: 1830
  • Levels: Two
  • New Construction: No
  • Water: Water Connected
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • LivingArea: 6000.0
  • Lot Size Area: 94.5
  • Main Residence Features:Dining Room4: Yes

Exterior Features

  • Disclosures: Inground Tanks, Restrictions
  • Fencing: Plank
  • List Price: 2995000.0
  • View: Farm

Garage/Parking

  • Main Residence Features:Garage5: Yes

Utilities

  • Sewer: Septic Tank
  • Heating: Combination, Forced Air, Hot Water, Steam, Geothermal
  • Heating: Yes
  • Utilities: Telephone
  • Water Source: Public
  • Heating:Geothermal2: Yes
  • Heating:Forced Air: Yes
  • Sewer Septic Tank: Yes
  • Heating:Combination2: Yes
  • Heating:Steam2: Yes
  • Heating:Hot Water: Yes

Lot Info

  • Topography: {"Gently Rolling":true}
  • Lot Size Acres: 94.5
  • Lot Size Sq Ft: 4116420.0
  • Parcel Number: 26170350
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2022
Closed on
Nov 18, 2022
Sold by
Arrow Land & Cattle Llc
Bought by
Ceahorse Llc
Seller's Agent
Bill Justice
Justice Real Estate
Buyer's Agent
Bill Justice
Justice Real Estate
List Price
$2,995,000
Sold Price
$2,700,000
Premium/Discount to List
-$295,000
-9.85%
Total Days on Market
88
Views
88
Current Estimated Value
$3,154,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$454,029
Avg. Annual Appreciation
6.34%

Purchase Details

Listed on
Mar 31, 2021
Closed on
Aug 9, 2021
Sold by
Hanover Katherine Delight Tr and Katherine Delight Hanover
Bought by
Arrow Land & Cattle Llc
Seller's Agent
Zach Davis
Kirkpatrick & Company
Buyer's Agent
Bill Justice
Justice Real Estate
List Price
$2,399,000
Sold Price
$2,132,500
Premium/Discount to List
-$266,500
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.57%
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
Ceahorse Llc $2,700,000 None Listed On Document
Arrow Land & Cattle Llc $2,132,500 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2022 11/18/22 Sold $2,700,000 -9.8% $450 / Sq Ft
10/24/2022 10/24/22 Pending -- -- --
07/27/2022 07/27/22 For Sale $2,995,000 +40.4% $499 / Sq Ft
07/23/2021 07/23/21 Sold $2,132,500 -11.1% $355 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
03/31/2021 03/31/21 For Sale $2,399,000 -- $400 / 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 $18,453 $2,700,000 $0 $0
2023 $18,453 $2,700,000 $0 $0
2022 $14,865 $2,132,500 $0 $0
2021 $12,638 $2,467,000 $0 $0
2020 $12,651 $2,467,000 $0 $0
2019 $12,651 $2,467,000 $0 $0
2018 $12,670 $2,467,000 $0 $0
2017 $11,981 $1,185,100 $0 $0
2015 $11,102 $1,174,100 $0 $0
2014 $11,102 $1,174,100 $0 $0
2012 $11,102 $2,467,000 $1,336,900 $1,130,100
Source: Public Records

Agents Affiliated with this Home

  • Bill Justice

    Seller's Agent in 2022

    Bill Justice

    Justice Real Estate

    (859) 255-3657

    9 in this area

    71 Total Sales

    Bill Justice
    Section Image
  • Zach Davis

    Seller's Agent in 2021

    Zach Davis

    Kirkpatrick & Company

    (859) 576-8195

    5 in this area

    99 Total Sales

    Zach Davis
    Section Image
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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 22016630

ImagineMLS (Bluegrass REALTORS®)

APN: 26170350

Kentucky Fayette County Lexington 40511 Loradale

5508 Russell Cave Rd, Lexington, KY

This home is located at 5508 Russell Cave Rd, Lexington, KY 40511 since 27 July 2022 and is currently estimated at $3,154,029, approximately $525 per square foot. This property was built in 1830. 5508 Russell Cave Rd is a home located in Fayette County with nearby schools including Russell Cave Elementary School, Winburn Middle School, and Bryan Station 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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