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$3,500,000

5088 Leestown Road Lexington, KY  40511

  • 8 Beds
  • 5,409 sq. Ft

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Property Description for 5088 Leestown Road Lexington, KY 40511

Available for the first time in over 5 generations, here is your opportunity to own 225 acres of prime Fayette County farm land less than 10 miles from both the Kentucky Horse Park and Keeneland! The property neighbors the UK Golf Course. This PDR-protected farm boasts flat to rolling acreage with 2 homes already on it and the possibility to add an additional 4 homes. A historic home dating to 1850 with approximately 3120 finished square feet, an attached garage and in-ground swimming pool, all overlooking a picturesque 5-acre lake. The second home is a brick ranch that boasts a 2289 ft finished main level, and unfinished 2289 sq ft basement. There are 2 additional shops/detached garages. There are five barns (3 tobacco barns) in need of repair, one silo, one grain bin, and one hoop barn for hay storage. All acreage is fenced. There is also a stone cottage dating to the early 1800s that could possibly be restored. Blacktop drives to both homes, new water lines from road recently installed, new roofs on both homes. Proximity to all of the equine events would make this a prime layover location and could support many residential and/or business endeavors.

Address:5088 Leestown Road Lexington KY 40511
Status:Active
on site: 257 days
Price:$3,500,000
Bedrooms:8 Beds
Bathrooms:0
Sq. Feet:5,409
Lot Size:225.00
County: Fayette
School System : Fayette County - 1
MLS #:23016974
Property Type:Farm

Lot Dimensions:9801000
Zoning:AR
Water Source:Public
Directions:From New Circle take Leestown Rd northwest approximately 6 miles, just past the University of Kentucky Golf Course on the left.
Abv. Grnd. Sq. Ft. :5,409
Total Sq. Ft. :5,409
Sq. Ft. Source:Public Records

Loan Price
$19,716
Price And Interest $18,258/month
Property Tax $0/month
MTG INS $0/month
HOME INS $1,458/month
Price
$3,500,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$17,496 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Mandatory HOA Fee:$

Area: 004 - Fayette County SW
Subdivision: Rural
Zip Code:40511

School System:Fayette County - 1
High School:Bryan Station
Middle School:Leestown
Elementary School:Sandersville

Total Sq. Ft.:5,409
Heat:Propane Tank Leased
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 5088 Leestown Road Lexington, KY  40511


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Listing provided courtesy of Joshua Webb with Real Broker, LLC

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 1797 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.