14 days on rocket

Sale Pending

5240 Frankfort Rd, Shelbyville, KY, 40065

$1,800,000

120.26 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeResidential Land
ViewTrees/Woods
MLS #1660798
Lot Size120.26 Acres
StatusSale Pending
(Pending)

About 5240 Frankfort Rd

Welcome to the serene beauty of Shelby County, Kentucky, where this extraordinary 120-acre farm awaits its new steward. Divided into two parcels - one spanning 40 acres, the other an expansive 80 acres - this property offers a unique blend of open land and wooded areas, nestled against the scenic knobs of Shelby County. One of the standout features of this farm is its <B>ample road frontage, boasting 1150 linear feet</B>, which allows for convenient division into various tracts. Imagine owning your own slice of paradise - whether it's a <B>charming 9-acre retreat</B>, an <B>expansive 22-acre lot (Newly renovated dock, complete with a stone fireplace and ample seating, sets the stage for unforgettable gatherings and tranquil moments)</B> featuring a picturesque 5-acre lake with a barn, or perhaps a <B>cozy 1-acre plot, zoned for residential use</B>. This isn't just any farm - it's a versatile investment opportunity. <B>Zoned for mixed use, including agricultural and residential zoning</B>, the possibilities are endless. The seller has taken the initiative to invest in the <B>feasibility of dividing the property</B>, offering potential buyers the flexibility to keep the entire farm or subdivide and sell off individual tracts. Conveniently located just five minutes from Interstate 64, this farm offers both <B>seclusion and accessibility</B> - a rare combination. Whether you're looking to escape the hustle and bustle of city life or embark on a new venture in agriculture, this farm presents an unparalleled opportunity. *Note address is not official... used for GPS purposes only.

Property Details

Property Features

Listing Office:

  • Office Name: Torrey Smith Realty Co., LLC

Exterior Features

Exterior Information:

  • View: Trees/Woods

Lot Features

Lot Information:

  • Lot: Wooded, Easement, Rolling/Hilly
  • Lot Size: 120.26 Acres

Other

Directions Information:

  • Directions: I-64; Exit 43; 1.5 Miles North on HWY 395; Travel West on US 60 at Caution Light (Peytona Garage on your right); Travel 3 miles; Property is on your right, Stone Gated Entry - Look for #5240

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,800,000
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Housing Market Comparison

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

Med. Sold Price

$300K

Med. Price/SqFt

$178

Avg. Days On Market

39

# of Sold Homes

26

5240 Frankfort Rd vs Shelbyville

14 DAYS ON ROCKET

-25 Days

$1,800,000

+$1.5M More

KEY TAKEAWAY

This property is $1.5M more than the Median Sold Price in Shelbyville, 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: #1660798

Listing Office:

  • Office Name: Torrey Smith Realty Co., 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: 5/28/2024, 10:20:39 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$9,051

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,463

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NMLS#3030

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-4013019
4
/10
  • Heritage Elementary School

  • 8300 Frankfort Rd

  • 3.13 miles

  • Public District Grades KG-5

school-card-donut-4013020
3
/10
  • Wright Elementary School

  • 500 Rocket Ln

  • 3.76 miles

  • Public District Grades KG-5

school-card-donut-4013021
2
/10
  • Clear Creek Elementary School

  • 279 Chapel Hill Rd

  • 5.57 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $75,000. Residents of Shelbyville, KY typically earn between $35k-100k each year. Most families are married, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5240 Frankfort Rd

What is the listing price of this property?

The listing price of 5240 Frankfort Rd property is $1,800,000.

What type of property is this?

The property 5240 Frankfort Rd is land located in Shelbyville, Kentucky, 40065.

Is this property for sale now?

Sale Pending: 5240 Frankfort Rd is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

How much acreage is this property?

The property 5240 Frankfort Rd is 120.26 acres.
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Rocket HomesKentuckyShelby CountyShelbyville400655240 Frankfort Rd

This home is located at 5240 Frankfort Rd in Shelbyville, KY and zip code 40065. This home sits on a 120.26 acre lot. It has been listed on Rocket Homes since May 14, 2024 and is currently priced at $1,800,000.

Shelbyville, KY housing market in April 2024 saw over 7 listings sold above listed price, more than 8 sold at listed price and over 11 sold below. Between March 2024 and April 2024, Shelbyville, KY real estate market has seen increase in the number of listings by 5.8%. While the average time on the market in April 2024 was 39 days, the median list price was $300,000.

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

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