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$2,995,000 ↓$405,000on 5/9/2024

2501 Royster Road Lexington, KY  40516

  • 3 Beds
  • 2 Baths
  • 2,787 sq. Ft

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Property Description for 2501 Royster Road Lexington, KY 40516

Mallory Farm is a great example of a classic, 127 acre Thoroughbred nursery with a proven track record of producing top quality racehorses through the years. Combining quality soils, gently rolling fields, massive trees, a well-designed layout and gracious living quarters, this farm sits in the heart of horse country just minutes to Hamburg Pavillion ! The main house, which was originally built as a log house in 1772, has been tastefully added on to through the years. The current structure is an elegant 3 bedroom, 2 bath home with dining room, living room, kitchen, etc.. This home is perfect for entertaining with a large, brick patio and a massive, flat yard- all in a park-like setting. There is a separate farm office with 3 offices, full bath and a 3-bay garage. Additionally, there is a 3 BR, 1.5 BA manager's home (4 entrances off Royster Rd - Main House, Managers House, Broodmare division, Yearling Division) The Broodmare Division offers a 19-stall mare barn, a 2-stall mare isolation barn with feed room and large fields for ample turnout. The Yearling Division offers 3 barns (23 stalls), a 5 bay, covered Eurociser and many individual paddocks for turnout as well. A must see!

Address:2501 Royster Road Lexington KY 40516
Status:Active
on site: 168 days
Price:$2,995,000
Bedrooms:3 Beds
Bathrooms:2 Full Baths
Sq. Feet:2,787
Year Built:1772
Lot Size:127.65
County: Fayette
School System : Fayette County - 1
MLS #:23022807
Property Type:Farm

Lot Dimensions:5560434
Zoning:AR
Water Source:Public
Directions:From Winchester Rd, take Royster Rd north for approx 2.5 miles to Mallory Farms on the right.
Abv. Grnd. Sq. Ft. :2,787
Total Sq. Ft. :2,787
Sq. Ft. Source:Public Records

Loan Price
$16,871
Price And Interest $15,623/month
Property Tax $0/month
MTG INS $0/month
HOME INS $1,248/month
Price
$2,995,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$14,976 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
05/09/24 $3,400,000 $2,995,000 -11.899999999999999%

Financial Disclosures:Inground Tanks
Mandatory HOA Fee:$

Area: 002 - Fayette County NE
City:Lexington
Subdivision: Rural
Zip Code:40516

School System:Fayette County - 1
High School:Frederick Douglass
Middle School:Crawford
Elementary School:Dixie Magnet

Total Sq. Ft.:2,787
Heat:Forced Air, Oil
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Schools in 2501 Royster Road Lexington, KY  40516


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Listing provided courtesy of Mike Morrison with Bluegrass Sotheby's International Realty

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.



Lexington, KY Market Report

80
Avg. DOM
$221.24
Avg. $ / Sq.Ft.
$ 440,000
Med. List Price

The house prices in Lexington are indeed dropping at the moment. There has been a decrease in price of $24,372.86. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Lexington are going Down. The average house price is $439,950.00 and the average price per square feet is $221.24 per square feet. At the moment, the amount of homes listed is exactly 4701 houses, with 272 with active status, 531 with pending status and 3898 sold in Lexington .

The most popular place to buy a home in Lexington is 003 - Fayette County SE. 003 - Fayette County SE is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Lexington .

The average amount of property taxes you would have to pay for a home in Lexington is $0.00. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Lexington are staying listed for an average of 74 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Lexington was 1058 minutes ago.

At the moment we have 6 open houses that you can visit.

The cost of the most expensive home in Lexington is $14,500,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Lexington is $49,900.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Lexington in year 1812 and the newest built house is in year 9999.

The average size of properties in Lexington is 76.43 sq.ft. , the biggest one being 3633 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.

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