Home for Sale at 3431 Morgantown Road, Franklin, KY 42134

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3431 Morgantown Road
Franklin, KY 42134

Jeff Britt with United Country, Heartland Realty & Auction, LLC, original listing - (270) 783-3000

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Property Details

List Price:	$5,250,000
Beds:	3
Baths:	Full: 3
Status:	Active
SqFt:	2844 Square Feet
Agency:	United Country, Heartland Realty & Auction, LLC
Agency Phone:	(270) 783-3000

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Description/Comments

Lot Size:	156 acre(s)
Garage:	Garage
Property Type:	Residential-Farm
Year Built:	1994
Notes:	Welcome to a Premier 156-Acre Equestrian Estate in Franklin, KY Discover the rare opportunity to own this stunning farm, thoughtfully designed for both equestrian excellence and luxurious country living. The property features: 18-stall bam complete with a tack room and loft Six paddocks, each equipped with shelters and automatic waterers Over half a mile of turf riding track, ideal for exercising horses 17 acres of hay fields nestled within the track A true standout feature is the 3,400-foot private landing strip, paired with an 80 X 100 hangar featuring a power lift door—perfect for aviafion enthusiasts. As you enter through the gated drive, you're greeted by breathtaking views and a 2,840 sq ft brick home, complemented by: An in-ground pool with a charming pool house Multiple bams, a workshop, and a tool shed Fenced and cross-fenced pastures for optimal land use Located in Franklin, Kentucky, home of Kentucky Downs and just 45 minutes north of Nashville, TN, this estate offers the perfect blend of tranquility, functionality, and accessibility.
MlsNumber:	--
ListingId:	RA20255514

Listing Provided By:	United Country, Heartland Realty & Auction, LLC, original listing
Phone:	(270) 776-0287
Office Phone:	(270) 783-3000
Agent Name:	Jeff Britt
Disclaimer:	Copyright © 2025 REALTOR® Association of Southern Kentucky, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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.

Free Foreclosure Listings

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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.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

Property Details

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Description/Comments

USHUD.com on the Go!

HUD Foreclosures

Free Foreclosure Listings

Foreclosure Listings Increasing