NOT LISTED FOR SALE

159 Old Wallaceton Rd Berea, KY 40403

Estimated Value: $243,000 - $420,000

3 Beds
1 Bath
1,080 Sq Ft
$302/Sq Ft Est. Value

Last Sold March 08, 2023

Last sale price $425,000 $394 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $1,782/month

6 Days on Market

Highlights

  • 58 Acre Lot
  • Views of a Farm
  • Tobacco Barn
  • Shannon Johnson Elementary School Rated A-
  • Farm
  • Vinyl Fence

About This Home

As of March 2023

Whoa! What a terrific view! Looking for PRIME location to build your dream home... look no further. This 58+/- acre farm has everything you could want within close range of the interstate... literally 3 mins! At the top of this secluded acreage one can look down and enjoy the view of the small city of Berea. Perfect for multiple home sites, and great for hay, cattle, and prime hunting property! Check it out today! This farm has 1 tobacco barn and 1 old home that sits on the property. The old home is a 3 bedroom, 1 bath, with about 1,080sf and is currently being leased out to a long term tenant. Great spot to build your Dream Home!
This property can also be purchased with the adjoining 1 acre parcel at 141 Wallaceton, which features a 1,952sf 1 story manufactured home, with 4 bedrooms, 2 full baths, and has been recently updated, with a huge 26x26 detached garage. Live in this property while you build your Dream Home!!! Check it out today!

Last Agent to Sell the Property

W Jesse Kerr

Keller Williams Commonwealth License #208306 Listed on: 02/23/2023

Keller Williams Commonwealth

Co-Listed By

Teri Kerr

Keller Williams Commonwealth License #202977

Last Buyer's Agent

Aundrea Damrell

KY Real Estate Professionals, LLC License #207119

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $686

Lot Details

  • 58 Acre Lot
  • Plank Fence
  • Vinyl Fence
  • Wire Fence
  • Gentle Sloping Lot

Interior Spaces

  • 1,080 Sq Ft Home
  • Views of a Farm

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Farming

  • Tobacco Barn
  • Farm

Utilities

  • Heat Pump System
  • Septic Tank

Community Details

  • Rural Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0048-0000-0048

Home Details

Home Type

Single Family

Est. Annual Taxes

$686

Lot Details

0

Listing Details

  • Property Type: Farm
  • Property Sub-Type: Farm
  • Structure Type: House
  • Above Grade Finished Sq Ft: 1080.0
  • New Construction: No
  • Structure Type:House: Yes
  • Water Source:Public: Yes
  • Fencing:Wire: Yes
  • Farm Improvements:Tobacco Barn(s): Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • LivingArea: 1080.0
  • Lot Size Area: 58.0
  • Possible Use: Residential, Recreational, Pasture, Horses, Cattle, Agricultural

Exterior Features

  • Fencing: Wire, Plank
  • List Price: 450000.0
  • Lot Features: Gentle Sloping
  • View: Farm
  • View YN: Yes

Utilities

  • Sewer: Septic Tank
  • Heating: Heat Pump
  • Heating: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes

Lot Info

  • Topography: Gentle Sloping
  • Lot Dimensions: 58 acres
  • Current Use: Recreational, Pasture
  • Lot Size Acres: 58.0
  • Lot Size Sq Ft: 2526480.0
  • Parcel Number: 0048-0000-0048

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 23, 2023
Closed on
Mar 28, 2023
Sold by
Adams Derek Glen and Adams Maryjudith
Bought by
Tn Farms Llc
Seller's Agent
W Jesse Kerr
Keller Williams Commonwealth
Buyer's Agent
Aundrea Damrell
KY Real Estate Professionals, LLC
List Price
$450,000
Sold Price
$425,000
Premium/Discount to List
-$25,000
-5.56%
Views
88
Current Estimated Value
$326,309

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$98,691
Avg. Annual Appreciation
-9.56%
Original Mortgage
$340,000
Outstanding Balance
$188,996
Interest Rate
6.32%
Mortgage Type
Credit Line Revolving
Estimated Equity
$137,313

Purchase Details

Closed on
Aug 11, 2021
Sold by
Madison Circuit Court
Bought by
Taxmerchants Llc

Purchase Details

Listed on
Sep 6, 2016
Closed on
Feb 23, 2017
Sold by
Stinson Kenneth Kyle
Bought by
Stinson Jill G and Kelsey Stinson Testaments Trust
Seller's Agent
Joshua Barrett
Keller Williams Commonwealth
Buyer's Agent
Sara Charles
Keller Williams Commonwealth
List Price
$225,000
Sold Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.38%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Tn Farms Llc $425,000 --
Taxmerchants Llc $1,220,790 None Listed On Document
Stinson Jill G $215,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tn Farms Llc $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/10/2024 11/10/24 Off Market $425,000 -- --
03/08/2023 03/08/23 Sold $425,000 -5.6% $394 / Sq Ft
03/02/2023 03/02/23 Pending -- -- --
02/23/2023 02/23/23 For Sale $450,000 +100.0% $417 / Sq Ft
02/24/2017 02/24/17 Sold $225,000 0.0% $208 / Sq Ft View Prior Sale
10/14/2016 10/14/16 Pending -- -- --
09/02/2016 09/02/16 For Sale $225,000 -- $208 / Sq Ft
Source: ImagineMLS (Bluegrass REALTORS®)

Tax History Compared to Growth

Source: Public Records

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
2024 $686 $71,600 $0 $0
2023 $695 $71,600 $0 $0
2022 $697 $71,600 $0 $0
2021 $710 $71,600 $0 $0
2020 $724 $71,600 $0 $0
2019 $728 $71,600 $0 $0
2018 $728 $71,600 $0 $0
2017 $720 $71,600 $0 $0
2016 $465 $46,600 $0 $0
2015 $453 $46,600 $0 $0
2014 $446 $46,600 $0 $0
2012 $446 $46,600 $21,600 $25,000
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2023

    W Jesse Kerr

    Keller Williams Commonwealth

    (859) 229-1763

    78 Total Sales

    W Jesse Kerr
    Section Image
  • Teri Kerr

    Seller Co-Listing Agent in 2023

    Teri Kerr

    Keller Williams Commonwealth

    (859) 983-8811

    50 Total Sales

    Teri Kerr
    Section Image
  • Aundrea Damrell

    Buyer's Agent in 2023

    Aundrea Damrell

    KY Real Estate Professionals, LLC

    (859) 661-3967

    83 Total Sales

    Aundrea Damrell
    Section Image

  • J

    Seller's Agent in 2017

    Joshua Barrett

    Keller Williams Commonwealth

  • S

    Buyer's Agent in 2017

    Sara Charles

    Keller Williams Commonwealth

See All Agents

Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 23003247

ImagineMLS (Bluegrass REALTORS®)

APN: 0048-0000-0048

Kentucky Madison County Berea 40403

159 Old Wallaceton Rd, Berea, KY

This home is located at 159 Old Wallaceton Rd, Berea, KY 40403 since 23 February 2023 and is currently estimated at $326,309, approximately $302 per square foot. 159 Old Wallaceton Rd is a home located in Madison County with nearby schools including Shannon Johnson Elementary School, Foley Middle School, and Madison Southern High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

ImagineMLS (Bluegrass REALTORS®) The information is being provided by LBAR Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 LBAR Multiple Listing Service. All Rights Reserved.

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