NOT LISTED FOR SALE

163 Lake Cliff Dr Somerset, KY 42503

Estimated Value: $490,000 - $653,000

4 Beds
4.5 Baths
7,612 Sq Ft
$77/Sq Ft Est. Value

Last Sold April 01, 2021

Last sale price $450,000 $59 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,365/month

230 Days on Market

Highlights

  • Public Water Access
  • 1 Acre Lot
  • Wood Flooring
  • Lake View
  • Contemporary Architecture
  • Double Oven

About This Home

As of April 2021

Talk about a deal!! Over 7000 sq ft, sits on 2 lots, has attached and detached garage as well as a view of the lake. Detached garage measures 45 x 35 with 10 foot tall doors. Attached garage is 30 ft deep and 28 ft wide, with 15 foot tall ceilings, plenty of space! Located in The Cliffs of Lake Forest, with year round lake view. Custom built home with 4 bedrooms/ 4.5 baths. Each bedroom has its own en suite. Office area, formal dining room, chef's kitchen with granite countertops, gas cooktop, double ovens, trash compactor. HUGE open full finished basement, room to entertain all your family and friends. Gas fireplace, walk out basement leads to a large patio. Kitchen/ bar area has ice maker and wine refrigerator. Home has a 2 car attached garage as an oversized 2 car detached garage to store extra lake toys, or whatever you need. This is a beautiful home in a well maintained attractive neighborhood, for a great price. Slate Branch Boat ramp nearby.

Last Agent to Sell the Property

Susan Hansford

Weichert Realtors Ford Brothers, Inc. License #215347 Listed on: 11/06/2020

Weichert Realtors Ford Brothers, Inc.

Last Buyer's Agent

Unknown Member

Non-Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,398

Year Built

  • Built in 2003

Lot Details

  • 1 Acre Lot
  • Many Trees

Property Views

  • Lake
  • Mountain

Home Design

  • Contemporary Architecture
  • Dimensional Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Skylights
  • Window Treatments
  • Living Room with Fireplace

Kitchen

  • Breakfast Bar
  • Double Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry on main level
  • Washer and Electric Dryer Hookup

Finished Basement

  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Fireplace in Basement

Parking

  • Garage
  • Garage Door Opener

Outdoor Features

  • Public Water Access
  • Patio

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating unit installed on the ceiling
  • Air Source Heat Pump
  • Heating System Powered By Leased Propane
  • Underground Utilities
  • Electric Water Heater
  • Septic Tank

Community Details

  • Cliffs Of Lake Forest Subdivision

Listing and Financial Details

  • Assessor Parcel Number 041-5-2-32

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,398

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Architectural Style: Contemporary
  • Year Built: 2003
  • Above Grade Finished Sq Ft: 3806.0
  • Levels: One
  • New Construction: No
  • Roof:Dimensional Style: Yes
  • Foundation Details:Concrete Perimeter: Yes
  • Flooring:Carpet: Yes
  • Flooring:Hardwood: Yes
  • Flooring:Tile2: Yes
  • Water Source:Public: Yes
  • Appliances Microwave: Yes
  • Laundry Features:Washer Hookup: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Laundry Features:Main Level: Yes
  • Appliances Refrigerators: Yes
  • Architectural Style:Contemporary: Yes
  • View:Mountains: Yes
  • Percent Basement Finished: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Double Oven, Microwave, Refrigerator
  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Walk-In Closet(s)
  • Flooring: Carpet, Hardwood, Tile
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bathrooms: 5
  • Basement: Finished, Full, Walk-Up Access
  • Basement: Yes
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 3806.0
  • Fireplace Features: Basement, Living Room
  • Fireplace: Yes
  • LivingArea: 7612.0
  • Lot Size Area: 1.0
  • Window Features: Skylight(s), Window Treatments
  • Full Basement: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Double Oven: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Breakfast Bar: Yes
  • Basement:Walk-Up Access: Yes

Exterior Features

  • Roof: Dimensional Style
  • Construction Materials: Other
  • Foundation Details: Concrete Perimeter
  • List Price: 494000.0
  • Lot Features: Many Trees
  • Patio And Porch Features: Patio
  • View: Lake, Mountain(s), Suburban
  • View YN: Yes
  • Water Body Name: Lake Cumberland
  • Waterfront: No
  • Window Features:Window Treatments: Yes
  • View:Lake: Yes
  • Window Features:Skylight(s): Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Attached Garage, Detached Garage, Garage Door Opener

Utilities

  • Sewer: Septic Tank
  • Heating: Ceiling, Electric, Forced Air, Propane Tank Leased
  • Cooling: Heat Pump
  • Cooling: Yes
  • Heating: Yes
  • Laundry Features: Electric Dryer Hookup, Main Level, Washer Hookup
  • Utilities: Underground Utilities
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Sewer Septic Tank: Yes
  • Heating:Propane Tank Leased: Yes
  • Heating:Ceiling: Yes

Lot Info

  • Lot Size Acres: 1.0
  • Lot Size Sq Ft: 43560.0
  • Parcel Number: 041-5-2-32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2020
Closed on
Apr 1, 2021
Sold by
Newell Allen and Newell Christy
Bought by
Makwana Hemraj and Makwana Renee Flanagan
Seller's Agent
Susan Hansford
Weichert Realtors Ford Brothers, Inc.
Buyer's Agent
Unknown Member
Non-Member Office
List Price
$499,000
Sold Price
$450,000
Premium/Discount to List
-$49,000
-9.82%
Current Estimated Value
$585,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,917
Avg. Annual Appreciation
5.95%
Original Mortgage
$427,500
Outstanding Balance
$385,520
Interest Rate
3.06%
Mortgage Type
Construction
Estimated Equity
$200,397

Purchase Details

Closed on
Jan 15, 2003
Sold by
Kenneth Ford and Kenneth Sue
Bought by
Allen Newell and Newell Christy
Source: Public Records

Range of Values:

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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
Makwana Hemraj $450,000 A Plus Title
Allen Newell $27,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Makwana Hemraj $427,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2021 04/01/21 Sold $450,000 -9.8% $59 / Sq Ft
02/08/2021 02/08/21 Pending -- -- --
06/22/2020 06/22/20 For Sale $499,000 -- $66 / 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
2025 $3,398 $550,000 $25,000 $525,000
2024 $3,330 $450,000 $25,000 $425,000
2023 $3,502 $450,000 $25,000 $425,000
2022 $3,550 $450,000 $25,000 $425,000
2021 $3,699 $450,000 $25,000 $425,000
2020 $3,724 $450,000 $450,000 $0
2019 $3,848 $450,000 $450,000 $0
2018 $3,787 $450,000 $450,000 $0
2017 $3,713 $450,000 $450,000 $0
2016 $3,713 $450,000 $450,000 $0
2015 $3,629 $450,000 $450,000 $0
2014 $3,533 $450,000 $450,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Susan Hansford

    Seller's Agent in 2021

    Susan Hansford

    Weichert Realtors Ford Brothers, Inc.

    (606) 219-3276

    54 in this area

    101 Total Sales

    Susan Hansford
    Section Image

  • U

    Buyer's Agent in 2021

    Unknown Member

    Non-Member Office

See All Agents

Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 3037460

ImagineMLS (Bluegrass REALTORS®)

APN: 041-5-2-32

Kentucky Pulaski County Somerset 42503

163 Lake Cliff Dr, Somerset, KY

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