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Backup Offers

508 Locust Grove Rd, Shelbyville, KY, 40065

$560,000

Home List Price

$6,650*

Closing Credit

3 Bedrooms
2 Full Baths, 1 Partial
1,623 SqFt
$345/SqFt
House
Schools Nearby

Location

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508 Locust Grove Rd, Shelbyville$560,000

Buyer Closing Credits

$6,650*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached, Driveway
Attached Garage2 spaces
Year Built1988
HeatingElectric, Forced Air, Propane
CoolingCentral Air
BasementYes
MLS #1658009
Lot Size5.50 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 508 Locust Grove Rd

Do not enter the property without an appointment. This ranch home offers 3 bedrooms and 2.5 baths. The seller has transformed the large living room to showcase the fireplace by adding a custom-made bookcase on either side of a working gas fire and surround. There is a big eat in kitchen, a large pantry and laundry area. The kitchen gives you a view of riding arena and stables and acres of green pastures. There is a formal dining area, a hallway leads to 2 bedrooms, full bath and a primary bedroom with ensuite. The lower level has a family room, office or 4th bedroom, and a half bath. There is a bonus room that would be a needle room or walking closet. This beautiful property has multiple four board fencing, 5 stall barn w/ run-in area and storage. There is a 160x190 outdoor arena for training and exercise which can be raked and brought back. This 3 bedroom, 2.5 bath walkout ranch home includes front porch with dual seating which has been rebuilt and improved. The back deck was extended and covered. Large patio, mature trees and wonderful landscaping. The septic tank has been located, risers installed and finished with an accessible cap by Hartman Septic and Excavating. See all the improvements listed on the listing.

Property Details

Property Features

Property Information:

  • Year Built: 1988
  • Stories: 1
  • Living Area: 1,623 SqFt

Listing Office:

  • Office Name: United Real Estate Louisville

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached, Driveway

Lot Features

Lot Information:

  • Lot Size: 5.50 Acres

Utilities

Utilities Information:

  • Heating: Electric, Forced Air, Propane
  • Cooling: Central Air

Other

Directions Information:

  • Directions: I-64 take exit 32b. At Hwy 60 take a right. Follow to Mack Walters/Zaring Mill Rd and turn right. Go to Locust Creek and turn left. Property on left. OR I-64 to Exit 35. south on Hwy 53 2 miles to right on McMakin-McMullen road. 2 miles to Locust Grove. Right on Locust Grove to property on right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $560,000
  • Price Per SqFt: $345/SqFt

Tax Information:

  • Annual Amount: $3,361
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$300K

Med. Price/SqFt

$176

Avg. Days On Market

78

# of Sold Homes

29

508 Locust Grove Rd vs Shelbyville

23 DAYS ON ROCKET

-55 Days

$560,000

+$260K More

$345/SqFt

+$168 More

KEY TAKEAWAY

This property is $260K more than the Median Sold Price and $168/SqFt more than other homes 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: #1658009

Listing Office:

  • Office Name: United Real Estate Louisville

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: 4/29/2024, 11:20:22 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 23, 2018Home Sold
$320,000
Oct 30, 2008Home Sold
$230,000

Tax History

YEARPROP. TAXASSESSMENT
2020$3,361$320,000
2019$3,385$320,000
2018$3,453$320,000
2017$3,453$290,000

History based on county public records data.

Payment Calculator

$2,862

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,745

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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-3389993
6
/10
  • Clear Creek Elementary School

  • 279 Chapel Hill Rd

  • 4.67 miles

  • Public District Grades KG-5

school-card-donut-3389994
3
/10
  • Southside Elementary School

  • 728 Ginkgo Dr

  • 4.92 miles

  • Public District Grades KG-5

school-card-donut-3389995
6
/10
  • Wright Elementary School

  • 500 Rocket Ln

  • 6.41 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $84,194. Residents of Shelbyville, KY typically earn between $35k-100k each year. The most common type of family is married, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 508 Locust Grove Rd

What is the listing price of this property?

The listing price of 508 Locust Grove Rd property is $560,000.

What type of property is this?

The property 508 Locust Grove Rd is a house located in Shelbyville, Kentucky, 40065.

Is this property for sale now?

Accepting Backup Offers: 508 Locust Grove Rd is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $3,361 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 23, 2018 for $320,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 508 Locust Grove Rd has 3 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 508 Locust Grove Rd is 1,623 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 508 Locust Grove Rd is 1988.

Rocket Homes›Kentucky›Shelby County›Shelbyville›40065›508 Locust Grove Rd

This home is located at 508 Locust Grove Rd in Shelbyville, KY and zip code 40065. This 1,623 square foot home, which was built in 1988, sits on a 5.50 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 06, 2024 and is currently priced at $560,000.

Shelbyville, KY housing market in March 2024 saw over 6 listings sold above listed price, more than 11 sold at listed price and over 12 sold below. The number of listings in Shelbyville, KY increased by 5.4% between February 2024 and March 2024. The median list price of listings available in March 2024 was $300,000, while the average time on the real estate market was 78 days.

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

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