Kentucky farms for sale?

[sirena_chaucer]

SO has a possible opportunity in Louisville KY and I was wondering what $200-$250k would buy you in the area? Small farms, would it be decent horse property or need to be totally redone? 10 acres possible or is that like 2 acre price range?

Anything within an hour of Louisville though we’d prefer to be closer to the Lexington side (I read its about an 1.5 hour drive from Louisville?) of things or Midway … in other words if he had a 40 min drive to Louisville and I had a 40 min drive into Lexington area … what would that area look like for farms?

Just starting research. This may not pan out but I wondered what COTHers had to say!

[clanter]

you are looking at Shelby County on I-64 if you are commuting both ways (maybe also Mercer County)

[Jersey_Fresh]

You would be hard pressed to find anything in Lexington/Midway/Versailles for that budget. Scott County (Georgetown, Stamping Ground) or Frankfort area would be more likely. Woodford County is WAY more expensive than Lexington.

We had a budget twice that and struggled to find anything decent in the 5-15 acre range. At the $500-600k range we still found that most properties needed major home renovations or barn repairs. But that being said, we wanted a 3-4 bedroom house in the 2500-3500 sq ft range so if you are looking for smaller and aren’t picky about updates you might be able to find something on the out skirts of Woodford County but for sure not in Midway.

We ended up spending our budget on a property with a house and putting another $90k or so to build the horse part.

Search Woodford County on LBAR to pull up midway properties. If you use the advanced search you can set county, acreage and house specs to see what is available.

http://www.lbar.com/

[Jersey_Fresh]

Properties tend to be cheaper in Scott county, so that may be an option. Parts of Georgetown and Stamping Ground aren’t far from Midway and are near 64.

[gumtree]

I lived in Lexington for over 20 years. These are link to real-estate agencies that I work with. Their listing will give you and idea of things. As far as driving to Louisville, I have made it from Lex to Louisville in less than an hour at times with average traffic. But I moved over 10 years ago. Traffic may have changed.

http://biedermanrealestate.com/location-category/scott/?orderby=price-desc

http://www.turftown.com/farms-and-lots.php

http://www.justicerealestate.com/

http://kirkfarms.com/farms/

[Buford]

I like looking with Realtor.com using the filters to get minimum acreage and distance from the zip code you want. Simpsonville is 40067, then add 5 or 10 miles, at 5 or more acres.
Actual horse farms here are not moving very fast and I would think there are some deals to be made.
From Simpsonville it is only 30 min to downtown Louisville, 50 min to the horse park. Woodford/Midway is about the greatest place in the world, but 250k wont buy much there.
There are a ton of 5-15 acre farms in Shelby. Shelby planning and zoning loves wrecking the county with 5 acre lots.

[ReSomething]

Prices for single family residential seem to have gone up 10% just in the last year and horse farms have held steady at more than $400K for a decent 10+ acre place for a while. Agree that you can forget about Woodford County, Franklin maybe, Shelby maybe, Scott maybe. Anderson also but there is the question of terrain, I think of it as more wooded.

It’s always possible to find that diamond, but you will have to find it, and it may come with a double wide and converted tobacco barn to be the lower price. Still perfectly useable.

[Buford]

A quick look gave me nothing in Simpsonville below $400k. Might want to look at Waddy, Bagdad, Taylorsville. Still plenty of horses around those areas with a lot less cost.

[clanter]

other than the requirement to get to Lexington you might want to look at southern Indiana since the new east bridge has been opened

I grew up in Oldham Co, nothing close to Louisville has been cheap since UPS made it their air hub

[ndirish07]

I live in Louisville and was just looking for 5-15 acre farms in Oldham or Shelby County. I think you’ll be really hard pressed to find a house and farm for that budget… being honest I don’t think you can get just the land for that–maybe further out in Shelby county possibly (admittedly I didn’t look there as my job is in Louisville and it’d be too far of a commute). My family had a lot of farmland and is now kicking themselves for selling it off due to the amount land is going per acre. If you wanted cheaper land/farms you might want to look out in between Cincinnati and Lexington off 75. I would imagine land can be had for much cheaper.

[PossumHorse]

What you are looking for exists in Oldham and Shelby counties, but is likely quite rare on the market (I’m not selling right now). Try one county further out like Henry county. Schools don’t have as good of a reputation, but land prices are much lower and it’s still within your 1 hour limit.

[ReSomething]

You can kill yourself getting to the freeway from some places. Just be aware of that. The property may be located near the freeway with a looong drive to the nearest exit, or the State Hwy may be like Bald Knob, 420 west outside of Frankfort, which is a great motorcycle route through Franklin County. I drove that to Lexington at 6AM in the winter, white knuckles the whole way. Moved as fast as I could. Castle Hwy, the end of 420 heading towards Louisville through Henry County, is lovely with nice laying land. 420 runs east to north of Midway and then Lexington through lovely nice laying land, but not so affordable.

[Holly_Jeanne]

you are looking at Shelby County on I-64 if you are commuting both ways (maybe also Mercer County)

Try Anderson County. It’s not too far off 64 and before you get to Frankfort.

[ReSomething]

Sry, I get my road numbers mixed up, it’s 421 is the one with the deceptively twisty section, although plenty of locals drive that to work in Frankfort all the time, just not at 6AM after the night shift. They have nice civilized day jobs with the State. Just get out the maps. I came to visit and spent a week driving to all the potential places I had found homes to see if the drive was really worth doing. Some of them were just as bad as where I had moved from, I wasn’t looking to spend an hour and a half each way although people in this state will do that and not blink, partly because it’s not usually stop and go or commute type traffic. It’s still that much time out of your life.