NOT LISTED FOR SALE

Georgetown, KY 40324

South Scott County Neighborhood

Estimated Value: $2,181,467 - $3,238,000

4 Beds
3 Baths
4,484 Sq Ft
$604/Sq Ft Est. Value

Last Sold April 30, 2024

Last sale price $3,500,000 $781 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $14,607/month

Highlights

  • Water Views
  • 14 Paddocks and Pastures
  • 160.21 Acre Lot
  • Guest House
  • 32 Horse Stalls
  • Farm

About This Home

As of April 2024

Historic ''Alta Mont'' was constructed ca. 1802-1816 by John Downing on land purchased from Walker Sanders. Overlooking the bucolic Cane Run, it was owned by Downing descendants until 1886. Today it enjoys frontage on both Lexington Road and Etter Lane, and is only three miles from the Kentucky Horse Park. Two horse barns (32 stalls) are supported by five fields and fourteen paddocks. Additional features include a 4BR/3BA brick manager's home, employee residence, and tobacco barn.

Last Agent to Sell the Property

Zach Davis

Kirkpatrick & Company License #207039 Listed on: 05/01/2024

Last Buyer's Agent

Roy Cornett

Cornett & Associates License #181720

Property Details

Property Type

  • Other

Lot Details

  • 160.21

Property Views

  • Water
  • Rural

Home Design

  • 4,484 Sq Ft Home
  • Farm

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • 14 Paddocks and Pastures
  • 160.21 Acre Lot
  • Guest House
  • Farm
  • 32 Horse Stalls

Community Details

  • Rural Subdivision

Listing and Financial Details

  • Assessor Parcel Number 169-10-059.000

Property Details

Property Type

Other

Lot Details

0

Listing Details

  • Property Type: Farm
  • Property Sub-Type: Farm
  • Above Grade Finished Sq Ft: 4484.0
  • New Construction: No
  • View:Rural: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bedrooms: 4
  • LivingArea: 4484.0
  • Lot Size Area: 160.21
  • Possible Use: Pasture, Horses, Cattle, Agricultural

Exterior Features

  • List Price: 3760000.0
  • View: Farm, Rural, Water
  • View YN: Yes

Lot Info

  • Lot Dimensions: 160.205 acres
  • Current Use: Pasture, Horses, Agricultural
  • Lot Size Acres: 160.21
  • Lot Size Sq Ft: 6978530.0
  • Parcel Number: 169-10-059.000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2024
Closed on
Apr 30, 2024
Sold by
Blue Grass Community Foundation Real Est
Bought by
Old Friends Inc
Seller's Agent
Zach Davis
Kirkpatrick & Company
Buyer's Agent
Roy Cornett
Cornett & Associates
List Price
$3,760,000
Sold Price
$3,500,000
Premium/Discount to List
-$260,000
-6.91%
Current Estimated Value
$2,709,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$790,266
Avg. Annual Appreciation
-14.37%
Original Mortgage
$3,000,000
Outstanding Balance
$2,831,436
Interest Rate
6.21%
Mortgage Type
New Conventional
Estimated Equity
-$121,702

Purchase Details

Closed on
Dec 29, 2022
Sold by
Dwyer James N and Dwyer Candace M
Bought by
Blue Grass Community Foundation Real Estate H

Purchase Details

Closed on
May 27, 2011
Sold by
Sexton Hargus and Sexton Sandra
Bought by
Sexton Hargus S and Hargus S Sexton Revocable Trust

Purchase Details

Closed on
May 25, 2011
Sold by
United State Of America
Bought by
Sexton Hargus
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Old Friends Inc $3,500,000 None Listed On Document
Blue Grass Community Foundation Real Estate H $3,500,000 --
Blue Grass Community Foundation Real Estate H $3,500,000 None Listed On Document
Sexton Hargus S -- None Available
Sexton Hargus $1,585,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Old Friends Inc $3,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2024 05/01/24 For Sale $3,760,000 +7.4% $839 / Sq Ft
04/30/2024 04/30/24 Sold $3,500,000 -- $781 / Sq Ft
04/30/2024 04/30/24 Pending -- -- --
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 $4,421 $982,140 $0 $0
2023 $4,458 $491,649 $33,249 $458,400
2022 $4,120 $484,518 $28,118 $456,400
2021 $3,837 $437,518 $384,618 $52,900
2020 $3,736 $434,843 $25,443 $409,400
2019 $3,739 $428,443 $0 $0
2018 $3,718 $428,443 $0 $0
2017 $3,736 $428,443 $0 $0
2016 $3,471 $431,111 $0 $0
2015 $3,449 $431,111 $0 $0
2014 $3,141 $411,112 $0 $0
2011 $3,952 $543,608 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Zach Davis

    Seller's Agent in 2024

    Zach Davis

    Kirkpatrick & Company

    (859) 576-8195

    1 in this area

    95 Total Sales

    Zach Davis
    Section Image

  • R

    Buyer's Agent in 2024

    Roy Cornett

    Cornett & Associates

    (859) 806-2788

    3 in this area

    15 Total Sales

    Roy Cornett
    Section Image
See All Agents

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 24008414

ImagineMLS (Bluegrass REALTORS®)

APN: 169-10-059.000

Kentucky Scott County Georgetown 40324

South Scott County

Not Listed for Sale

Other

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