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5302 Farm Ridge Lane

5302 Farm Ridge Lane, Prospect, KY 40059
House in Prospect
Sold Jun 09, 2021
$1,450,000
$1,377,500 by Mercantile Bank Of Michigan
Mortgage Due Jul 01, 2051
Sold Aug 24, 2016
$1,262,159
$1,009,727 by Pnc Mortgage Llc
Mortgage Due Sep 01, 2046
5302 Farm Ridge Lane has been categorized by the local assessors in Prospect, KY as a residential type of property. The area measurement of the land has been determined as 34,748 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. The property was last sold in Jun 1, 2021 for $1,450,000. Prior to that sales transaction, the property was also sold in Aug 19, 2016 for $1,262,159. 5302 Farm Ridge Lane was last assessed in 2023. The total value of the property was assessed at $1,450,000. Specifically, the land the property is located on was valued at $165,000. While improvements on the property were assessed at a total of $1,285,000. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $16,791. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Driveway

Driveway

Parking

Attached Garage

Exterior

Wood Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 34,748
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SPRING FARM LAKE SUBDIVISION
  • Land Acres: 0.798
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Vehicles general
  • Legal Description 1: LOT 9 SPRING FARM LAKE SUBDIVISION, SEC 1, PB. 54, PG. 61, 0.7977 AC +/-

Ownership

  • Current Owner : ZEMMAR AJMAL
  • Previous Owner : JACKSON ARAN
  • Previous Owner 2: JACKSON THERESA M
  • Owner Before Previous Owner: LANDIS HOMES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Jefferson County School District
  • Census Tract: 010313

Geography

  • Account Number: 91035626
  • District: 500020
  • Section: 1
  • Parcel: 21364901090000
  • Lot: 9
  • Municipality: HARRODS CREEK
  • Latitude: 38.3197
  • Longitude: -85.599

    Address

  • Full Address: 5302 Farm Ridge Ln
  • Address - House Number: 5302
  • Address - Street Name: Farm Ridge
  • Address - Suffix Type: Ln
  • State: KY
  • City Name: Prospect
  • Carrier Code: R002
  • 4-Digit Zip Code: 7649
  • Zip Code: 40059

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $16,791
  • Tax Rate Code Area: 20

    Appraisal Valuation

  • Standard Deviation: 0.1923
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 74
  • Final Value: 1,442,270
  • High Value: 1,719,623
  • Low Value: 1,164,918

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,377,500
  • First Open Lien Mortgage Lender: MERCANTILE BANK OF MICHIGAN
  • First Open Lien Mortgage Recording Date: Jun 09, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,377,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2051

    Market Valuation

  • Market Total Value: $1,450,000
  • Market Land Value: $165,000
  • Market Improvement Value: $1,285,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,450,000
  • Assessed Land Value: $165,000
  • Assessed Improvements Value: $1,285,000

    Sales

  • Current Sale Contract Date: Jun 01, 2021
  • Current Sale Recording Date: Jun 09, 2021
  • Current Sale Transaction ID: 11842383087
  • Current Sale Price: $1,450,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2021141243
  • Previous Sale Recording Date: Aug 24, 2016
  • Previous Sale Contract Date: Aug 19, 2016
  • Previous Sale Amount: $1,262,159
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MERCANTILE BANK OF MICHIGAN
  • First Mortgage Transaction Date: Jun 09, 2021
  • First Mortgage Loan Amount: $1,377,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: PNC MORTGAGE LLC
  • Previous Mortgage Transaction Date: Aug 24, 2016
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,009,727
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Sep 01, 2046

About Prospect



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Frequently Asked Questions

What neighborhood is 5302 Farm Ridge Lane located in?
The 5302 Farm Ridge Lane is a house located in the neighborhood of Prospect in Prospect, Prospect.
What is the average sales price for listings in 5302 Farm Ridge Lane?
The average sales price for units in 5302 Farm Ridge Lane is $0 currently.

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