Score
0Lexington, KY
2849 Walnut Hill Rd
640K
4 beds
3 baths
1,998 sqft
4 bd • 3 ba • 1,998 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$639,900
Price/Sq.Ft
$320
Year Built
2014
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
This stunning log home offers a rare combination of rural charm and modern amenities. Situated on 3 gorgeous acres adjacent to one of Lexington's most beautiful horse farms, it provides unparalleled equestrian views and a serene country lifestyle. At $320.27/sqft, it's priced competitively compared to the Lexington median of $331/sqft. The 1,998 sqft layout is spacious and well-designed, featuring 4 bedrooms and 3 bathrooms, making it suitable for families or those needing extra space. Built in 2014, it's relatively new and benefits from modern construction standards. The home boasts high-end finishes including marble countertops, stainless steel appliances, and custom tiled showers. The finished basement adds valuable living space, effectively increasing the usable area. The property's flood risk score of 1/10 is exceptionally low, significantly reducing insurance costs and long-term risks. The home's appreciation from $145,000 in 2018 to its current listing of $639,900 represents a remarkable 341% increase over 7 years, averaging 48.7% annual appreciation.
The Bad
The property has been on the market for 49 days, which is slightly above the Lexington average of 41 days, suggesting it may be slightly overpriced or have limited appeal. The estimated insurance cost of $2,303.64/year is relatively high, likely due to the log construction and rural location. The moderate fire risk (4/10) and wind risk (3/10) contribute to these higher insurance premiums. The heat risk score of 4/10, with 7 hot days per year over 101°F, indicates potential comfort issues and higher cooling costs during summer months. The property's rural location, while appealing to some, may be a drawback for buyers seeking closer proximity to urban amenities. The nearest schools are 3-6.2 miles away, which could be a concern for families with school-age children.
The Ugly
The log construction, while charming, can present significant maintenance challenges and higher long-term costs. Log homes require regular sealing, staining, and inspections for pest infestations, which can add thousands to annual maintenance costs. The wood-burning fireplace, while cozy, poses increased fire risks and may lead to higher insurance premiums. The rural location may have limited internet and cellular coverage, potentially affecting work-from-home capabilities. The property's dramatic appreciation since 2018 (341%) may indicate an unsustainable price increase, potentially limiting future appreciation or even risking a market correction. The reliance on well water and septic systems (typical for rural properties) can lead to unexpected and costly repairs, with septic system replacements potentially costing $20,000-$30,000.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is ideal for buyers seeking a rural lifestyle with equestrian views, valuing privacy and space over urban conveniences. It's well-suited for families or individuals who work from home and don't require daily commutes. The spacious layout and finished basement make it perfect for those who entertain frequently or need separate office space. Horse enthusiasts or those involved in the equestrian industry will particularly appreciate the proximity to Juddmonte Farms. Buyers with a household income of $150,000+ would comfortably afford the property, assuming a 20% down payment and factoring in the higher maintenance costs associated with log homes and rural properties.
Not For
This property is not suitable for buyers seeking an urban lifestyle with walkable amenities. Commuters who work in downtown Lexington may find the location inconvenient. First-time homebuyers might be overwhelmed by the maintenance requirements of a log home and rural property. Those sensitive to allergens may struggle with the rural setting and potential for increased pollen. Investors looking for low-maintenance rental properties should look elsewhere, as the unique features and rural location may limit the tenant pool and increase property management costs.
Demographics
Area Median Income
$79,401
Property History
Price History
Ownership Timeline
$145,000Cash Purchase
Jan 1, 1970Travis Stine, Sarah StineDon B Tr White, Sarah Stine
Deed
Standard Sale (Purchase/Resales)
Property Taxes
$1,104
2020 Tax Assessment
0.0%from previous year
Assessed Value$100,000
Tax Rate1.10%
Sunlight Analysis
Visualize how sunlight affects this property throughout the day and year.
Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
6.0/10
GoodMiddle
8.0/10
ExcellentHigh
6.0/10
GoodFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$850
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$639,900
Price/sqft
$320
Layout
4 bd•3 ba
Days on market
49 daysat time of analysis
Stats in the Area
Based on 5 comparable properties nearby
Average Price
$169,075
278.5%
Your price is 278.5% above average
Median Price
$175,000
265.7%
Based on 5 recent sales
Price per Sq.Ft
$87
268.1%
Your price is 268.1% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 536 Meadowcrest Park, Lexington, KY 40515 | $195,875 | 2,256 | 4 | 3 | $8772.9% | 9/29/2024 |
| 4151 Bridle Ridge Lane, Lexington, KY 40515 | $215,000 | N/A | N/A | N/A | N/A | 11/17/2024 |
| 4137 Shelby Lane, Lexington, KY 40515 | $175,000 | N/A | N/A | N/A | N/A | 11/16/2024 |
| 4150 Bridle Ridge Lane, Lexington, KY 40515 | $174,500 | N/A | N/A | N/A | N/A | 11/7/2024 |
| 108 Stirling Lane, Nicholasville, KY 40515 | $85,000 | N/A | N/A | N/A | N/A | 11/7/2024 |
536 Meadowcrest Park, Lexington, KY 40515
Price: $195,875
Sq.Ft: 2,256
Beds/Baths: 4/3
$/Sq.Ft:
$8772.9%
Sale Date: 9/29/2024
4151 Bridle Ridge Lane, Lexington, KY 40515
Price: $215,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 11/17/2024
4137 Shelby Lane, Lexington, KY 40515
Price: $175,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 11/16/2024
4150 Bridle Ridge Lane, Lexington, KY 40515
Price: $174,500
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 11/7/2024
108 Stirling Lane, Nicholasville, KY 40515
Price: $85,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 11/7/2024
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