636 Grassy Lick Road, Mt Sterling, KY 40353

$1,515,108
Property Type: Farm Bedrooms: 4 Baths: 3 Square Footage: 3,650 Lot Size (sq. ft.): 1,339,471 Status: Closed
Current Price: $1,515,108 List Date: 9/12/2019 Last Modified: 9/03/2025

Overview

Description

Location is more than a real estate maxim. It is a key to your successful investment. This 30.75+- tract, in the heart of Montgomery County's growth, has 940 ft of road frontage on the by-pass/KY HWY 686. The Grassy Lick Rd side has 1,250 ft of road frontage. The tract, with reasonable belief, located in the county without zoning, could foreseeably become a part of both Mt Sterling's commercial and residential growth. The city's 2015 Comprehensive Plan encouraged development along the by-pass. The property is very near anchored development as well as other viable businesses and I 64. Presently, there is a stately 3,650 sq ft house that awaits your personal touches. Reminiscent of the gracious living of eras before us. Also, on the property is a smaller auxiliary/rental house. Contact listing agent for area data regarding growth and unemployment rates as well as labor market stats. LOCATION IS A KEY''! Look for coming photos!

Listing Details MLS# 1921601

Listing Information

Property Sub Type
Farm

Status Change Information

Price Change Timestamp
2019-11-24T01:03:44Z
Status Change Timestamp
2019-11-23
Purchase Contract Date
2019-10-02
Close Date
2019-11-12
Close Price
1515108
Buyer Financing
Cash
Sale Type
Arms Length Sale
Concessions Comments
No

Address

County
Montgomery
Street Number
636
Street Name
Grassy Lick
Street Suffix
Road
State
KY
Zip Code
40353

Contract

Original List Price
1475000
Start Showing Date
2019-09-10
Listing Contract Date
2019-09-10
Listing Agreement
Exclusive Right To Sell
Occupant Type
Vacant
Office Exclusive YN
No
List Price/Acre
47967.48
List Price/SqFt
404.11
Sold Price/Acre
49271.8
Sold Price/SqFt
415.1
SP/LP
1.03

Tax Legal

MLS Area Major
018 - Montgomery County
Subdivision Name
Rural
High School District
Montgomery County - 18

Interior

Bedrooms Total
4
Bathrooms Total
3
Bathrooms Full
3
Above Grade Finished Area
3650
Living Area
3650
Fireplace YN
Yes
Bathrooms Half
0
Above Grade Unfinished Area
0

More Information

Parking Information

Garage YN
Yes

Lot

Lot Size Source
Assessor
Lot Size Acres
30.75
Lot Size Square Feet
1339471.23
Conservation Easement YN
No

Utilities

Heating YN
Yes
Cable Available
Yes
Electricity Connected
Yes
Natural Gas Connected
Yes
Water Connected
Yes

Remarks

Public Remarks
Location is more than a real estate maxim. It is a key to your successful investment. This 30.75+- tract, in the heart of Montgomery County's growth, has 940 ft of road frontage on the by-pass/KY HWY 686. The Grassy Lick Rd side has 1,250 ft of road frontage. The tract, with reasonable belief, located in the county without zoning, could foreseeably become a part of both Mt Sterling's commercial and residential growth. The city's 2015 Comprehensive Plan encouraged development along the by-pass. The property is very near anchored development as well as other viable businesses and I 64. Presently, there is a stately 3,650 sq ft house that awaits your personal touches. Reminiscent of the gracious living of eras before us. Also, on the property is a smaller auxiliary/rental house. Contact listing agent for area data regarding growth and unemployment rates as well as labor market stats. LOCATION IS A KEY''! Look for coming photos!

Land Details

Number Of Fields
Yes

Tax & Legal

Elementary School
Mapleton
Middle Or Junior School
McNabb
High School
Montgomery Co
Tax Rate
10.97
Directions
From I-64, travel S. on US Hwy. 460 for .2 miles, turn right onto Indian Mound Dr. (KY-686 E.). Drive 1.4 miles, turn right onto Grassy Lick Rd. Drive 400 ft. to 636 Grassy Lick Rd.

Fencing

Wire
Yes

Flooring

Carpet
Yes
Hardwood
Yes

Heating

Electric
Yes
Natural Gas
Yes
Steam
Yes

Levels

Two
Yes

Lot Features

Gentle Sloping
Yes
Level
Yes

Sewer

Septic Tank
Yes

Water Source

Public
Yes

Current Use

Pasture
Yes

Possible Use

Cattle
Yes
Commercial
Yes
Horses
Yes
Residential
Yes

Housing

Main
Yes
Tenant(s)
Yes

Possession Auxiliary Dwelling

Negotiable
Yes

Possession Farm Land

Negotiable
Yes

Possession Main House

Negotiable
Yes

Room Types

Bathroom 1
Yes
Bathroom 2
Yes
Bedroom 1
Yes
Bedroom 2
Yes
Bonus Room
Yes
Den
Yes
Dining Room
Yes
Family Room
Yes
Foyer
Yes
Kitchen
Yes
Living Room
Yes
Primary Bedroom
Yes
Utility Room
Yes

Property Features

Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Water Connected; Cable Available; Electricity Connected; Natural Gas Connected; Water Connected Current Use: Pasture Fencing: Wire Flooring: Carpet; Hardwood Heating: Electric; Natural Gas; Steam Housing: Main; Tenant(s) Levels: Two Lot Features: Gentle Sloping; Level Possession Auxiliary Dwelling: Negotiable Possession Farm Land: Negotiable Possession Main House: Negotiable Possible Use: Cattle; Commercial; Horses; Residential Sewer: Septic Tank Water Source: Public Room Types: Bathroom 1; Bathroom 2; Bedroom 1; Bedroom 2; Bonus Room; Den; Dining Room; Family Room; Foyer; Kitchen; Living Room; Primary Bedroom; Utility Room

Room Information

Room Name Remarks
Den
Dining Room
Family Room
Bonus Room
Bedroom 1
Foyer
Kitchen
Living Room
Primary Bedroom
Utility Room
Bedroom 2
Bathroom 1 Full Bath
Bathroom 2 Full Bath
Listing Office: Caswell Prewitt Realty, Inc
Last Updated: September - 03 - 2025
Information deemed reliable but not guaranteed.