$2,700,000
SOLD NOV 18, 2022

5508 Russell Cave Rd Lexington, KY 40511

Loradale Neighborhood
4 Beds
3 Baths
6,000 Sq Ft
94.5 Acres

Recently Sold

$450 Per Sq Ft

10% Below List Price

88 Days on Market

Highlights

  • 94.5 Acre Lot
  • Wood Flooring
  • Cooling Available
  • Colonial Architecture
  • Fireplace
  • Entrance Foyer

About This Home

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

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $18,453

Year Built

  • Built in 1830

Lot Details

  • 94.5 Acre Lot
  • Fenced
  • Property is zoned AR

Parking

  • Garage

Home Design

  • Colonial Architecture

Interior Spaces

  • 6,000 Sq Ft Home
  • Fireplace
  • Entrance Foyer
  • Dining Room
  • Wood Flooring
  • Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Cooling Available
  • 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

Home Details

Home Type

Single Family

Est. Annual Taxes

$18,453

Year Built

Built in 1830

Lot Details

0

Listing Details

  • Property Type: Farm
  • Property Sub-Type: Farm
  • Architectural Style: Colonial
  • Structure Type: House
  • Year Built: 1830
  • Above Grade Finished Sq Ft: 6000.0
  • Levels: Two
  • New Construction: No
  • Structure Type:House: Yes
  • Flooring:Hardwood: Yes
  • Water Source:Public: Yes
  • Architectural Style:Colonial: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Entrance Foyer
  • Flooring: Hardwood
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Yes
  • Total Bedrooms: 4
  • Fireplace: Yes
  • LivingArea: 6000.0
  • Lot Size Area: 94.5
  • Possible Use: Residential, Horses
  • Interior Features:Entrance Foyer: Yes

Exterior Features

  • Disclosures: Restrictions, Inground Tank(s)
  • Fencing: Plank
  • List Price: 2995000.0
  • Lot Features: Gentle Sloping
  • View: Farm
  • View YN: Yes

Garage/Parking

  • Garage: Yes

Utilities

  • Sewer: Septic Tank
  • Heating: Forced Air, Geothermal, Hot Water, Steam, Other
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Yes
  • Utilities: Electricity Connected, Phone Available, Water Connected
  • Water Source: Public
  • Heating:Geothermal2: Yes
  • Heating:Forced Air: Yes
  • Sewer Septic Tank: Yes

Lot Info

  • Topography: Gentle Sloping
  • Lot Dimensions: 94.5 acres
  • Current Use: Horses
  • Horse Amenities: Hay Storage, Barn
  • Lot Size Acres: 94.5
  • Lot Size Sq Ft: 4116420.0
  • 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
$3,184,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$484,365
Avg. Annual Appreciation
6.03%

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
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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 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

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

    68 Total Sales

    Bill Justice
    Section Image
  • Zach Davis

    Seller's Agent in 2021

    Zach Davis

    Kirkpatrick & Company

    (859) 576-8195

    5 in this area

    94 Total Sales

    Zach Davis
    Section Image
See All Agents

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 and is currently priced at $2,700,000, approximately $450 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.

ImagineMLS (Bluegrass REALTORS®) The information is being provided by LBAR Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 LBAR Multiple Listing Service. All Rights Reserved.

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