2 months on rocket

5402 Farm Ridge Ln, Prospect, KY, 40059

$3,498,000

5 Bedrooms
6 Full Baths, 2 Partial
7,134 SqFt
$490/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingEntry Side
Garage3 spaces
Year Built2011
HeatingGeothermal
BasementYes
MLS #1669284
Lot Size0.69 Acres
StatusActive

About 5402 Farm Ridge Ln

Big price reduction on this fabulous architecturally designed estate home sitting on a large, private lot. Features 5 bedrooms, 6 full baths & 2 half baths. Main floor features a beautiful entry foyer, paneled wood Library with reclaimed walnut floors, large, formal Living room with ceiling beams from Man O War & War Admiral's barn & reclaimed chestnut floors. Fabulous custom Kitchen with top-of-the-line appliances, granite counter tops, opening up to a huge Great room with fireplace and breakfast room, office, powder room. fabulous master bedroom suite featuring his & hers master bathroom/shower, with steam & massage settings. Lots of custom moldings and custom iron works. The 2nd floor features 4 huge bedrooms, each with their own private baths, with fabulous custom murals. Level features another huge great room with granite wall art, game room, media room, wet bar area, a second office area, plus the 6th full bathroom. Outside, there's a large, covered porch overlooking the fabulous in-ground pool and playset. 3-car Garage with a huge parking area. If you have a buyer looking for something special, this may be it. With the Geo-Thermal system LG&E bills have averaged $332.95 over the last 13 months. This is an extraordinary home.

Property Details

Property Features

Property Information:

  • Year Built: 2011
  • Stories: 2
  • Living Area: 7,134 SqFt

Listing Office:

  • Office Name: Canfield Realty Group, LLC

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 6
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Patio, Pool - In Ground, Porch

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No
  • Parking: Entry Side

Lot Features

Lot Information:

  • Lot: Storm Sewer
  • Lot Size: 0.69 Acres

Utilities

Utilities Information:

  • Heating: Geothermal

Other

Directions Information:

  • Directions: Wolf Pen Branch Road to Spring Farm Road. Turn left onto Farm Spring Drive, right onto Farm Ridge Lane. The home is on your left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,498,000
  • Price Per SqFt: $490/SqFt

HOA Fees:

  • Amount: $1420
  • Frequency: Annually

Tax Information:

  • Annual Amount: $16,182
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Prospect, KY.

Med. Sold Price

$653K

Med. Price/SqFt

$240

# of Sold Homes

40

5402 Farm Ridge Ln vs Prospect

83 DAYS ON ROCKET

$3,498,000

+$2.8M More

$490/SqFt

+$249 More

KEY TAKEAWAY

This property is $2.8M more than the Median Sold Price and $249/SqFt more than other homes in Prospect, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Metro Search (Greater Louisville Association of REALTORS®)
  • MLS Number: #1669284

Listing Office:

  • Office Name: Canfield Realty Group, LLC

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search Multiple Listing Service. Real estate listings held by other Brokerage firms are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2024 Greater Louisville Association of Realtors. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 11:50:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$16,182$1,404,660
2019$15,855$1,404,660
2018$14,742$1,404,660
2017$14,742$1,404,660

History based on county public records data.

Payment Calculator

$17.6K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$10.5K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-481248
9
/10
  • Norton Elementary School

  • 8101 Brownsboro Rd

  • 1.62 miles

  • Public District Grades KG-5

school-card-donut-481249
5
/10
  • Norton Commons Elementary School

  • 10941 Kings Crown Dr

  • 2.02 miles

  • Public District Grades KG-5

school-card-donut-481250
2
/10
  • Zachary Taylor Elementary School

  • 9620 Westport Rd

  • 2.82 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $116,712. The most common annual income of people living in Prospect, KY is $200k+. Most families are married, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5402 Farm Ridge Ln

What is the listing price of this property?

The listing price of 5402 Farm Ridge Ln property is $3,498,000.

What type of property is this?

The property 5402 Farm Ridge Ln is a house located in Prospect, Kentucky, 40059.

Is this property for sale now?

Active Listing: 5402 Farm Ridge Ln is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $16,182 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5402 Farm Ridge Ln has 5 bedrooms and 6 full and 2 half bathrooms.

What is the square footage of this property?

The property 5402 Farm Ridge Ln is 7,134 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5402 Farm Ridge Ln is 2011.
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Rocket HomesKentuckyJefferson CountyProspect400595402 Farm Ridge Ln

This home is located at 5402 Farm Ridge Ln in Prospect, KY and zip code 40059 in the Spring Farm Place neighborhood. This 7,134 square foot home, which was built in 2011, sits on a 0.69 acre lot. Features: 5 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since August 30, 2024 and is currently priced at $3,498,000.

In October 2024, from all listings sold in Prospect, KY there were more than 8 sold above asking price, over 25 sold below and more than 7 were sold right at the asked price. The number of homes for sale in Prospect, KY increased by 1.6% between September 2024 and October 2024.

From Rocket Homes Real Estate and based on county public records data.

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