5508 Russell Cave Rd Lexington, KY 40511
Loradale Neighborhood
95
Acres
$22,547
Price per Acre
4,119,905
Sq Ft Lot
Highlights
- 94.58 Acre Lot
- Geothermal Heating and Cooling
- Fenced
- Forced Air Heating System
About This Lot
As of November 2022This farm is fully functional with prime soils! Situated down a long, mature tree-lined drive, The Talbott House is a classic Kentucky style home built in 1830. It features a copper roof and offers today's amenities in a historic & beautiful setting. The 5,999 sq.ft. home has a fabulous chef's kitchen, beautiful enclosed sun porch overlooking the garden and numerous parlors, all in an open & inviting floor plan. Additional features include an elevator, master suite with patio, and an expansive master bath. The well-executed 13 stall barn has a heated office, lavatory and hot water in office. Also: 3BR/2BA manager's home, 66-foot round pen, two run-in sheds, Varnan heated field waterers, and metal equipment barn. Immediate neighbors include: Castleton, Dixiana, Hester Equestrian, Mt. Brilliant and Spendthrift. The farm is only 20 min. to Downtown and 10 min. to the KY Horse Park; an extremely sought after location at the height of convenience.
Last Agent to Sell the Property
Kirkpatrick & Company License #207039 Listed on: 03/31/2021
Property Details
Property Type
- Land
Est. Annual Taxes
- $18,453
Lot Details
- 94.58 Acre Lot
- Fenced
- Property is zoned AR
Home Design
- 5,999 Sq Ft Home
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
Schools
- Russell Cave Elementary School
- Winburn Middle School
- Bryan Station High School
Utilities
- Forced Air Heating System
- Geothermal Heating and Cooling
- Heating System Uses Steam
- Septic Tank
Community Details
- Rural Subdivision
Listing and Financial Details
- Assessor Parcel Number 26170350
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%
Views
88
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$467,089
Avg. Annual Appreciation
5.68%
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%
Similar Property in Lexington, KY
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $2,700,000 | None Listed On Document | |
| Deed | $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
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
-
Seller's Agent in 2022
Bill Justice
Justice Real Estate
(859) 255-3657
9 in this area
71 Total Sales
-
Seller's Agent in 2021
Zach Davis
Kirkpatrick & Company
(859) 576-8195
5 in this area
93 Total Sales
Map
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 20105657
APN: 26170350
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