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(SOLD) $835,000

5403 Farm Ridge Ln Prospect, KY  40059

  • 6 Beds
  • 5 Baths
  • 6,578 sq. Ft

Property Description for 5403 Farm Ridge Ln Prospect, KY 40059

This elegant and stately home is situated in the prestigious Prospect subdivision of Spring Farm Place and has been just been extensively updated with the latest trends in color. The first floor includes a two story foyer and a large great room with sensational lake views. You'll also find a very large and inviting kitchen that's open to a wonderful morning room complete with a fireplace hearth and also offers beautiful lake views. The first floor master suite is impressive and large and you'll also find on the first floor a private office study, and a truly gorgeous formal dining room. The walk out lower level is wonderful! You find a large family room as well as the 5th bedroom, plus a 6th bedroom currently set up as a full exercise room. Other features include a three car attached

Address:5403 Farm Ridge Ln Prospect KY 40059
Status:Sold
Sold On: 5/26/2020
Price:$920,000
Bedrooms:6 Beds
Bathrooms:4 Full Baths, 1 Half Baths
Sq. Feet:6,578
Year Built:2005
Lot Size:0.74
County: Jefferson
MLS #:1527319
Property Type:Single Family Residence

Lot Dimensions:32234.4
Lot Features:0, 1, 2
Utility Options:0, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59
Building Utilities:Electricity Connected, Fuel:Natural, Public Sewer, Public Water
Directions:Us 42 or Springdale Road to Wolf Pen Branch to Spring Farm Road to subdivision
Abv. Grnd. Sq. Ft. :4,026
Total Sq. Ft. :6,578
Garage:

Loan Price
$4,704
Price And Interest $4,356/month
Property Tax $0/month
MTG INS $0/month
HOME INS $348/month
Price
$835,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$4,176 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Foyer First
Great Room First
Other First
Kitchen First
Laundry First
Primary Bedroom First
Primary Bathroom First
Half Bathroom First
Bedroom Second
Bedroom Second
Bedroom Second
Full Bathroom Second
Full Bathroom Second
Family Room Basement
Other Basement
Bedroom Basement
Bedroom Basement

Mandatory HOA Fee:$1,050

Area: 09-Anchrg/Glnvw/Lyndn/Prospct
Subdivision: SPRING FARM PLACE
Zip Code:40059

Total Sq. Ft.:6,578
Exterior Features:Patio, Screened in Porch, Deck, Balcony
Exterior Type:Brk/Ven
Cool:Central Air
Heat:Forced Air, Natural Gas
Total Rooms:17
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 Joe McLaughlin with Lenihan 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.





Prospect, KY Market Report

412
Avg. DOM
$243.03
Avg. $ / Sq.Ft.
$ 749,000
Med. List Price

The house prices in Prospect are indeed dropping at the moment. There has been a decrease in price of $67,872.86. 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 Prospect are going Down. The average house price is $775,000.00 and the average price per square feet is $244.32 per square feet. At the moment, the amount of homes listed is exactly 1151 houses, with 269 with active status, 25 with pending status and 857 sold in Prospect .

The most popular place to buy a home in Prospect is 09-Anchrg/Glnvw/Lyndn/Prospct. 09-Anchrg/Glnvw/Lyndn/Prospct 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 Prospect .

The average amount of property taxes you would have to pay for a home in Prospect 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 Prospect are staying listed for an average of 68 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 Prospect was 5050 minutes ago.

At the moment we have 2 open houses that you can visit.

The cost of the most expensive home in Prospect is $6,995,000.00. 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 Prospect is $1.00 . 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 Prospect in year 1950 and the newest built house is in year 2024.

The average size of properties in Prospect is 4189.85 sq.ft. , the biggest one being 14709 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.