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(SOLD) $1,301,274

5388 Winchester Road Lexington, KY  40509

Property Description for 5388 Winchester Road Lexington, KY 40509

Owned by the same family for more than a century, this 101-acre offering is most rare. A blank canvas of gently rolling Fayette County land, the farm boasts fine Maury Silt Loam soils throughout. Recently utilized for cropland, the farm is comprised of open Bluegrass meadowland. The fields are carpeted with wildflowers in the spring and include many native trees and plants. The property is well-equipped to build a significant residence or develop an equine or cattle operation. The farm maintains remarkable privacy despite its highly convenient location (7 miles from shopping & dining in Hamburg, 11 miles to downtown Lexington). With over 1,000 feet of road frontage on the desirable Winchester Pike & not yet encumbered by a conservation easement, potential abounds for this Fayette County treasure.

Address:5388 Winchester Road Lexington KY 40509
Status:Sold
Sold On: 7/5/2024
Price:$1,415,000
Bathrooms:0
Lot Size:101.03
County: Fayette
School System : Fayette County - 1
MLS #:24005981
Property Type:Farm

Lot Dimensions:4400867
Zoning:AR
Directions:From Lexington: Winchester Road outbound; farm is on the right just before Combs Ferry Road.

Loan Price
$7,330
Price And Interest $6,788/month
Property Tax $0/month
MTG INS $0/month
HOME INS $542/month
Price
$1,301,274
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$6,504 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Mandatory HOA Fee:$

Area: 003 - Fayette County SE
City:Lexington
Subdivision: Rural
Zip Code:40509

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

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 Zach Davis with Kirkpatrick & Company

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

84
Avg. DOM
$243
Avg. $ / Sq.Ft.
$ 407,500
Med. List Price

The house prices in Lexington are indeed dropping at the moment. There has been a decrease in price of $40,464.05. 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 $399,900.00 and the average price per square feet is $232.94 per square feet. At the moment, the amount of homes listed is exactly 12092 houses, with 431 with active status, 370 with pending status and 11291 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 69 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 2237 minutes ago.

At the moment we have 28 open houses that you can visit.

The cost of the most expensive home in Lexington is $10,500,000.00. 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 $89,000.00 . 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 Lexington in year 1794 and the newest built house is in year 9999.

The average size of properties in Lexington is 57.13 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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