Home for Sale at 290 McMakin-McMullen Rd, Shelbyville, KY 40065

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290 Mcmakin-mcmullen Rd
Shelbyville, KY 40065

Patrick Hargadon with Weichert Realtors-H. Barry Smith Co., original listing - (502) 633-2746

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Property Details

List Price:	$1,350,000
Beds:	3
Baths:	Full: 2
Status:	Active
SqFt:	2400 Square Feet
Agency:	Weichert Realtors-H. Barry Smith Co.
Agency Phone:	(502) 633-2746

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Description/Comments

Lot Size:	18 acre(s)
Property Type:	Farm-Other
Year Built:	2024
Notes:	The Residence The heart of the estate is a stunning new custom-built home. Thoughtfully designed with high-end finishes and an open-concept layout, the residence is built to maximize the scenic vistas of the surrounding acreage. Large windows invite natural light throughout and spacious living areas that make it as suitable for entertaining as it is for quiet country evenings. Equestrian Designed for the serious horse enthusiast, the property's infrastructure includes, Indoor Riding Arena: Train year-round regardless of the weather in the massive, high-clearance indoor arena. Barn & Stalls: barn featuring multiple horse stalls, ample hay storage, and a dedicated tack room. Pasture & Fencing: 18 acres of rolling, fertile ground, much of which is fenced and ready for grazing.
MlsNumber:	--
ListingId:	1713987

Listing Provided By:	Weichert Realtors-H. Barry Smith Co., original listing
Phone:	(502) 220-0739
Office Phone:	(502) 633-2746
Agent Name:	Patrick Hargadon
Disclaimer:	Copyright © 2026 Greater Louisville Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

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