NOT LISTED FOR SALE

1200 Clearfork N Morehead, KY 40351

Estimated Value: $307,000 - $1,379,929

Studio
-- Bath
8,400 Sq Ft
$100/Sq Ft Est. Value

Last Sold November 22, 2021

Last sale price $1,000,000 $119 Per Sq Ft

Est. 35% decrease in value since last sale

Current estimated payment $3,825/month

211 Days on Market

Highlights

  • Waterfront
  • Wood Burning Stove
  • Hilly Lot
  • 350 Acre Lot
  • Contemporary Architecture
  • Wooded Lot

About This Home

As of November 2021

Ever dreamed of owning your own resort or retreat,your opportunity has arrived. Former Golf Course and Event Center located 1.1 mile up Clearfork Road. 350 Acres +/- (Approx. 89 Acres cleared and Approx. 261 Wooded Acres with Marketable Timber) 8,400 Square Feet Clubhouse/Residence - Many Multi Use Rooms/Bedrooms/Offices, Mens and Womens Locker Rooms with Showers, Mens and Womens Restrooms on Each Floor, 2 Kitchens (One on Each Level) 1st Floor Kitchen is Commercial, Large Gathering Room in Basement with Bar, Banquet Room on 1st Floor, 2 Real Stone Fireplaces (Basement and 1st Floor) Central Heat and Air on Each Level, Foyers on Each Level, Hardwood, Tile Flooring, Very good Condition and to many potential uses to list. Acreage is level and rolling with concrete floored barn, one small pond and a large pond, there is abundant building sites and development opportunities. There is another 120 Acres +/- Available. One of the most unique properties to come available in Rowan County.

Last Agent to Sell the Property

Damon Ballinger

C Roger Lewis Agency License #201292 Listed on: 02/22/2021

Last Buyer's Agent

David Barber

C Roger Lewis Agency License #196479

Property Details

Property Type

  • Other

Lot Details

  • 350 Acre Lot
  • Waterfront
  • Level Lot
  • Hilly Lot
  • Cleared Lot
  • Wooded Lot

Home Design

  • Contemporary Architecture
  • Farm

Interior Spaces

  • Wood Burning Stove
  • Entrance Foyer
  • Wood Flooring
  • Basement

Schools

  • Rowan Co Elementary And Middle School
  • Rowan Co High School

Farming

  • Equipment Barn

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Septic Tank
  • Phone Available
  • Cable TV Available

Community Details

  • Rural Subdivision

Property Details

Property Type

Other

Lot Details

0

Listing Details

  • Property Type: Farm
  • Property Sub-Type: Farm
  • Architectural Style: Contemporary
  • Above Grade Finished Sq Ft: 4200.0
  • New Construction: No
  • Flooring:Hardwood: Yes
  • Water Source:Public: Yes
  • Architectural Style:Contemporary: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Interior Amenities: Entrance Foyer
  • Flooring: Hardwood
  • Basement: Yes
  • Below Grade Sq Ft: 4200.0
  • LivingArea: 8400.0
  • Lot Size Area: 350.0
  • Possible Use: Residential, Recreational, Commercial
  • Interior Features:Entrance Foyer: Yes

Exterior Features

  • List Price: 1200000.0
  • Lot Features: Wooded, Cleared, Hilly, Level, Waterfront
  • Lot Features:Wooded: Yes

Utilities

  • Sewer: Septic Tank
  • Heating: Electric, Forced Air, Heat Pump, Wood Stove
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Yes
  • Utilities: Cable Available, Electricity Connected, Phone Available, Water Connected
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes
  • Heating:Wood Stove: Yes

Schools

  • Elementary School: Rowan Co
  • High School: Rowan Co
  • Middle or Junior School: Rowan Co

Lot Info

  • Topography: Hilly, Wooded, Level, Cleared
  • Current Use: Other, Recreational
  • Lot Size Acres: 350.0
  • Lot Size Sq Ft: 15246014.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2021
Closed on
Nov 22, 2021
Sold by
Sheltowee Trail Country Club Inc
Bought by
Hicks James and Hicks Wendy
Seller's Agent
Damon Ballinger
C Roger Lewis Agency
Buyer's Agent
David Barber
C Roger Lewis Agency
List Price
$1,200,000
Sold Price
$1,000,000
Premium/Discount to List
-$200,000
-16.67%
Current Estimated Value
$647,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$352,583
Avg. Annual Appreciation
-3.99%
Original Mortgage
$725,000
Outstanding Balance
$614,912
Interest Rate
2.99%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$228,553
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Hicks James $1,000,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hicks James $725,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2021 11/22/21 Sold $1,000,000 -16.7% $119 / Sq Ft
09/14/2021 09/14/21 Pending -- -- --
02/15/2021 02/15/21 For Sale $1,200,000 -- $143 / Sq Ft
Source: ImagineMLS (Bluegrass REALTORS®)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,467 $653,137 $653,137 $0
2024 $5,571 $653,137 $653,137 $0
2023 $5,565 $653,137 $653,137 $0
2022 $5,643 $653,137 $653,137 $0
2021 $5,266 $594,370 $510,870 $83,500
2020 $5,361 $880,319 $363,424 $516,895
2019 $5,421 $880,319 $363,424 $516,895
2018 $5,397 $825,319 $825,319 $0
2017 -- $825,319 $825,319 $0
2016 -- $594,370 $594,370 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 20103014

ImagineMLS (Bluegrass REALTORS®)

APN: 058-00-00-004.00