NOT LISTED FOR SALE

1850 Slate Branch Rd Somerset, KY 42503

Estimated Value: $44,000

-- Bed
-- Bath
-- Sq Ft
56 Acres

Last Sold April 05, 2022

Last sale price $376,000

Current estimated payment $278/month

207 Days on Market

Highlights

  • Waterfront
  • Wooded Lot
  • Farm
  • 56 Acre Lot

About This Home

As of April 2022

Prime location with abundance of lake frontage. You can even walk to the water. Just minutes from town, this kind of property does not come available very often. Nearly 2,000 feet of lake frontage.

Last Agent to Sell the Property

Matt Ford

Weichert Realtors Ford Brothers, Inc. License #200610 Listed on: 12/10/2021

Weichert Realtors Ford Brothers, Inc.

Last Buyer's Agent

Eric Stewart

Coldwell Banker Legacy Group License #214174

Coldwell Banker Legacy Group

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $567

Lot Details

  • 56 Acre Lot
  • Waterfront
  • Cleared Lot
  • Wooded Lot

Home Design

  • Farm

Community Details

  • Rural Subdivision

Listing and Financial Details

  • Assessor Parcel Number 042-4-0-35

Property Details

Property Type

Other

Est. Annual Taxes

$567

Lot Details

0

Listing Details

  • Property Type: Farm
  • Property Sub-Type: Farm
  • New Construction: No
  • Water Source:Public: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Lot Size Area: 56.0

Exterior Features

  • List Price: 449900.0
  • Lot Features: Wooded, Cleared, Waterfront
  • Lot Features:Wooded: Yes

Utilities

  • Utilities: Water Available
  • Water Source: Public

Lot Info

  • Topography: Wooded, Cleared
  • Lot Dimensions: N/A
  • Current Use: Other
  • Lot Size Acres: 56.0
  • Lot Size Sq Ft: 2439360.0
  • Parcel Number: 042-4-0-35

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2021
Closed on
Mar 31, 2022
Sold by
Hurst Hugh T Trust
Bought by
Stewart Eric and Stewart Leisha
Seller's Agent
Matt Ford
Weichert Realtors Ford Brothers, Inc.
Buyer's Agent
Eric Stewart
Coldwell Banker Legacy Group
Sold Price
$376,000
Current Estimated Value
$44,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$332,000
Original Mortgage
$276,000
Outstanding Balance
$223,525
Interest Rate
3.39%
Mortgage Type
Construction
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
Stewart Eric $376,000 Bluegrass Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stewart Eric $276,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2022 04/05/22 Sold $376,000 0.0% --
02/28/2022 02/28/22 Pending -- -- --
12/10/2021 12/10/21 For Sale -- -- --
11/18/2021 11/18/21 Off Market $376,000 -- --
08/04/2021 08/04/21 For Sale $550,000 -- --
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 $567 $545,000 $75,000 $470,000
2024 $556 $300,000 $300,000 $0
2023 $779 $400,000 $400,000 $0
2022 $947 $441,000 $441,000 $0
2021 $3,288 $400,000 $400,000 $0
2020 $2,483 $300,000 $300,000 $0
2019 $2,565 $300,000 $300,000 $0
2018 $210 $300,000 $300,000 $0
2017 $206 $300,000 $300,000 $0
2016 $207 $25,000 $25,000 $0
2015 $202 $25,000 $25,000 $0
2014 -- $300,000 $300,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 20115531

ImagineMLS (Bluegrass REALTORS®)

APN: 042-4-0-35