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Off market
  • Tax assessed value
    $670,000

    502 Locust Ln, Shelbyville, KY 40065

    4beds
    3,276sqft
    SingleFamily
    Built in 1900
    93 Acres Lot
    $-- Zestimate®
    $205/sqft
    $3,461 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $3,461/mo

    Zestimate® history
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    What's special

    No need to move close to the park. Own it!! ''My Old Kentucky Farm.'' With an EXCELLANT Location. The Idyllic 92.27+/- Acre Farm is situated on the banks of Fox Run Creek. The Spring Fed lake affords you Beautiful Lake Views from the home featuring an open Country Kitchen, Dining area, Living Room and walk out Porch with million dollar views! This 4BR/5BA Home was the original 100+ years farm house. Current Updates include New Granite Counter Tops, New GE Profile Appliances and Ceramic Tile Flooring in the Eat-in Kitchen. The home was raised and a new basement was poured and the home was completely Renovated in 1984. The Renovations included: All New Anderson Windows, Gorgeous hardwood floors, Cherry cabinetry, new plumbing, septic system and electric. Seller preserved the original 100+ years Fireplace Mantle! The staircase was built to resemble the original and exudes elegant hand craftsmanship. 1st Floor Master. Each Bedroom has its own Full Bath. The acreage features multiple spring fed creeks and mature shade trees that trim the lake. Trails along the creeks for any kind of sport riding. This land can be anything you desire! Farm Improvements include: 4 Barns, Workshop, Currently being used for a few cattle and crops. This property can qualify for an Agricultural Tax Exemption. A possibility of 45 additional acres is available. This is a dead end street 1/2 mile to the By Pass and close to I-64. Nice location in between Louisville and Lexington. Beginning of the drive will be relocated per pending survey. Sellers have retired and found their Florida home. MOTIVATED!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 5
    • Full bathrooms: 5
    Heating
    • Forced air, Heat pump, Electric, Gas
    Cooling
    • Central
    Features
    • Basement: Partially Finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 3,276 sqft
    • Finished area below ground: 0.00

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Attached
    Features
    • Patio & porch: Porch
    • Exterior features: Brick
    • Fencing: Electric, Wood
    • On waterfront: Yes
    • Waterfront features: Lake, Creek
    Lot
    • Size: 93 Acres
    • Features: Level, Cleared, Irregular Lot, See Remarks, Covt/Restr, DeadEnd, AddLndAve
    • Topography: Level
    • Residential vegetation: Cleared
    • Land development status: Completed
    Details
    • Additional structures: Garage(s), Outbuilding
    • Parcel number: 03900010
    • Wooded area: 0

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Traditional
    Materials
    • Frame
    • Foundation: Concrete Block
    • Roof: Other
    Condition
    • Construction Complete
    • Year built: 1900

    Utilities & green energy

    • Gas: Propane
    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Water Connected, Septic System

    Community & HOA

    Location
    • Region: Shelbyville

    Financial & listing details

    • Price per square foot: $205/sqft
    • Tax assessed value: $670,000
    • Annual tax amount: $2,321

    Price history

    DateEventPrice
    6/2/2026Listing removed$1,900,000$580/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1695970 Report a problem
    12/15/2025Pending sale$1,900,000$580/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1695970 Report a problem
    11/21/2025Contingent$1,900,000$580/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1695970 Report a problem
    8/21/2025Price change$1,900,000-14.4%$580/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1695970 Report a problem
    7/21/2025Listed for sale$2,220,000+67.5%$678/sqft
    Source: Metro Search Inc. LLC DBA Apex MLS #1693127 Report a problem
    8/31/2019Listing removed$1,325,000$404/sqft
    Source: Semonin REALTORS #1524019 Report a problem
    5/1/2019Price change$1,325,000-8.6%$404/sqft
    Source: Semonin REALTORS #1524019 Report a problem
    4/8/2019Price change$1,450,000-3.3%$443/sqft
    Source: Semonin REALTORS #1524019 Report a problem
    2/4/2019Listed for sale$1,500,000-16.7%$458/sqft
    Source: Semonin REALTORS #1524019 Report a problem
    2/1/2017Listing removed$1,800,000$549/sqft
    Source: DG Schell Real Estate #1516063 Report a problem
    8/29/2016Listed for sale$1,800,000$549/sqft
    Source: DG Schell Real Estate #1516063 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2019$2,321 +1%$230,500
    2018$2,297 $230,500 +19.5%
    2017$2,297 +14.9%$192,900 -16.3%
    2016$2,000 $230,500 +24.3%
    2015$2,000 $185,500 -9.7%
    2014$2,000 $205,500
    Find assessor info on the county website

    Neighborhood: 40065

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Shelby County

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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