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(SOLD) $1,850,000

525 Lucas Lane Frankfort, KY  40601

  • 5 Beds
  • 5 Baths
  • 21,359 sq. Ft

Property Description for 525 Lucas Lane Frankfort, KY 40601

Located in KY's capital city and just 30 minutes from Lexington, this spacious 7400+/- sf custom built home has been recently renovated. Brazilian hardwood floors, tall ceilings, gourmet kitchen, luxurious primary suite add to its desirability. This 20-acre estate also offers a detached garage with apartment, a quaint 4 stall barn, and a salt water pool all with access to a private lake

Address:525 Lucas Lane Frankfort KY 40601
Status:Sold
Sold On: 10/9/2024
Price:$1,950,000
Bedrooms:5 Beds
Bathrooms:4 Full Baths, 1 Half Baths
Sq. Feet:21,359
Year Built:2004
Lot Size:20.00
County: Franklin
School System : Franklin County - 14
MLS #:24013160
Property Type:Farm

Lot Dimensions:871200
Water Source:Public
Directions:From Lexington, US 60 W, Right on HWY 460, Right on Switzer, Left on Lucas Lane- Home on Left
Abv. Grnd. Sq. Ft. :7,400
Total Sq. Ft. :21,359

Loan Price
$10,421
Price And Interest $9,650/month
Property Tax $0/month
MTG INS $0/month
HOME INS $771/month
Price
$1,850,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$9,252 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Mandatory HOA Fee:$

Area: 014 - Franklin County
City:Frankfort
Subdivision: Rural
Zip Code:40601

School System:Franklin County - 14
High School:Franklin Co
Middle School:Elkhorn Middle
Elementary School:Peaks Mill

Total Sq. Ft.:21,359
Heat:Forced Air, Electric, Natural Gas, Propane Tank Owned
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Bill Justice with Justice Real Estate

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.





Frankfort, KY Market Report

135
Avg. DOM
$204.66
Avg. $ / Sq.Ft.
$ 337,450
Med. List Price

The house prices in Frankfort are indeed dropping at the moment. There has been a decrease in price of $872.54. 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 Frankfort are going Down. The average house price is $332,500.00 and the average price per square feet is $199.99 per square feet. At the moment, the amount of homes listed is exactly 551 houses, with 144 with active status, 63 with pending status and 344 sold in Frankfort .

The most popular place to buy a home in Frankfort is 014 - Franklin County. 014 - Franklin County 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 Frankfort .

The average amount of property taxes you would have to pay for a home in Frankfort 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 Frankfort are staying listed for an average of 67 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 Frankfort was 3667 minutes ago.

At the moment we have 5 open houses that you can visit.

The cost of the most expensive home in Frankfort is $1,500,000.00. 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 Frankfort is $49,000.00 . 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 Frankfort in year 1878 and the newest built house is in year 9999.

The average size of properties in Frankfort is 334.47 sq.ft. , the biggest one being 5482 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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