NOT LISTED FOR SALE

242 Bourbon Acres Rd Paris, KY 40361

Hutchinson-Monterey Neighborhood

Estimated Value: $526,000 - $632,000

2 Beds
3.5 Baths
2,936 Sq Ft
$196/Sq Ft Est. Value

Last Sold January 08, 2021

Last sale price $390,000 $133 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $3,225/month

66 Days on Market

Highlights

  • Guest House
  • Recreation Room
  • Wood Flooring
  • 5.2 Acre Lot
  • Wooded Lot
  • 6 Car Garage

About This Home

As of January 2021

Beautiful home in Bourbon County in a quite neighborhood that is only 17 miles to Lexington, 20 miles to Georgetown, and 4 miles to Paris. There is so much one could do with this size home and the detached garage that includes a studio and full bath. Primary bath includes 24 kt. paint on tiles around Jacuzzi, two washer and dryer hookups on both floors, gorgeous view of neighboring pond from back patio, and plenty of closet and storage space. Two rooms in lower could easily be used as bedrooms. Gas tank behind house is for grill and fireplace and home is heated and cooled via Geo-Thermal unit. Home also sits on one of two lots making it ideal to build another home or to keep the privacy and space all to yourself. Upgrades are listed on sellers disclosure. Back of property can be fenced in and horses are allowed.

Last Agent to Sell the Property

Kelly Lykins

The Agency License #221828 Listed on: 09/10/2020

The Agency

Last Buyer's Agent

Timothy R Lizer

Thwaites Realtors LLC License #212921

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1998

Lot Details

  • 5.2 Acre Lot
  • Wood Fence
  • Wire Fence
  • Wooded Lot
  • Many Trees

Parking

  • 6 Car Garage

Home Design

  • Brick Veneer
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Skylights
  • Gas Log Fireplace
  • Blinds
  • Window Screens
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Recreation Room
  • Utility Room
  • Washer and Gas Dryer Hookup
  • Finished Basement
  • Walk-Out Basement
  • Attic Access Panel

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite

Schools

  • Bourbon Central Elementary School
  • Bourbon Co Middle School
  • Bourbon Co High School

Utilities

  • Cooling Available
  • Geothermal Heating and Cooling
  • Geothermal Hot Water System
  • Septic Tank

Additional Features

  • Patio
  • Guest House

Community Details

  • Bourbon Acres Subdivision

Listing and Financial Details

  • Assessor Parcel Number 017-20-01-005.00

Home Details

Home Type

Single Family

Year Built

Built in 1998

Lot Details

0

Parking

6

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Year Built: 1998
  • Above Grade Finished Sq Ft: 1956.0
  • Levels: One
  • New Construction: No
  • Flooring:Carpet: Yes
  • Cooling:Geothermal: Yes
  • Water Source:Public: Yes
  • Appliances Microwave: Yes
  • Laundry Features:Washer Hookup: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Foundation Details:Block3: Yes
  • Flooring:Laminate: Yes
  • Fencing:Wood2: Yes
  • Roof:Shingle: Yes
  • Percent Basement Finished: Yes
  • Laundry Features:Gas Dryer Hookup: Yes
  • Other Structures:Guest House: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range
  • Interior Amenities: Ceiling Fan(s), In-Law Floorplan, Primary Downstairs, Walk-In Closet(s)
  • Flooring: Carpet, Laminate, Wood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Basement: Finished, Walk-Out Access
  • Basement: Yes
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 980.0
  • Fireplace Features: Gas Log, Living Room
  • Fireplace: Yes
  • LivingArea: 2936.0
  • Lot Size Area: 5.2
  • Window Features: Blinds, Screens, Skylight(s)
  • Fireplace Features:Gas Log: Yes
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:In-Law Floorplan: Yes
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Construction Materials: Brick Veneer
  • Fencing: Wood
  • Foundation Details: Block
  • List Price: 390000.0
  • Lot Features: Many Trees, Wooded
  • Other Structures: Guest House
  • Patio And Porch Features: Patio
  • Waterfront: No
  • Construction Materials:Brick Veneer: Yes
  • Window Features:Blinds: Yes
  • Window Features:Screens: Yes
  • Lot Features:Wooded: Yes
  • Window Features:Skylight(s): Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 6.0
  • Garage: Yes
  • Parking Features: Attached Garage, Detached Garage

Utilities

  • Sewer: Septic Tank
  • Heating: Electric, Geothermal
  • Cooling: Electric, Geothermal
  • Cooling: Yes
  • Heating: Yes
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Utilities: Electricity Connected
  • Water Source: Public
  • Heating:Geothermal2: Yes
  • Sewer Septic Tank: Yes

Schools

  • Elementary School: Bourbon Central
  • High School: Bourbon Co
  • Middle or Junior School: Bourbon Co

Lot Info

  • Lot Size Acres: 5.2
  • Lot Size Sq Ft: 226512.21
  • Parcel Number: 017-20-01-005.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 10, 2020
Closed on
Jan 8, 2021
Sold by
Graham Rex and Estate Of Merle Mark Wasson
Bought by
Lizer Timothy R and Lizer Elizabeth C
Seller's Agent
Kelly Lykins
The Agency
Buyer's Agent
Timothy R Lizer
Thwaites Realtors LLC
List Price
$429,000
Sold Price
$390,000
Premium/Discount to List
-$39,000
-9.09%
Current Estimated Value
$546,798

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$156,798
Avg. Annual Appreciation
7.98%
Original Mortgage
$350,610
Outstanding Balance
$250,961
Interest Rate
2.71%
Mortgage Type
Commercial
Estimated Equity
$323,319

Purchase Details

Closed on
Nov 7, 2016
Sold by
Rabon Wayne Burke and Rabon Patricia Florence
Bought by
Wasson Merle M
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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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
Lizer Timothy R $390,000 None Available
Wasson Merle M $20,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lizer Timothy R $350,610
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2021 01/08/21 Sold $390,000 -4.9% $133 / Sq Ft
11/14/2020 11/14/20 Pending -- -- --
11/09/2020 11/09/20 Price Changed $410,000 -3.3% $140 / Sq Ft
11/02/2020 11/02/20 Price Changed $424,000 -1.2% $144 / Sq Ft
10/04/2020 10/04/20 For Sale $429,000 0.0% $146 / Sq Ft
10/04/2020 10/04/20 Price Changed $429,000 -2.3% $146 / Sq Ft
09/11/2020 09/11/20 Pending -- -- --
09/09/2020 09/09/20 For Sale $439,000 -- $150 / 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 $4,727 $460,000 $120,000 $340,000
2024 $3,500 $450,000 $110,000 $340,000
2023 $3,313 $425,000 $110,000 $315,000
2022 $3,229 $425,000 $110,000 $315,000
2021 $2,800 $349,100 $75,000 $274,100
2020 $2,373 $253,200 $55,000 $198,200
2019 $2,142 $253,200 $55,000 $198,200
2018 $2,254 $254,800 $78,800 $176,000
2017 $2,229 $254,800 $78,800 $176,000
2016 $2,011 $234,800 $58,800 $176,000
2015 $1,965 $234,800 $58,800 $176,000
2014 $1,908 $234,800 $58,800 $176,000
2011 $1,908 $234,800 $58,800 $176,000
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kelly Lykins

    The Agency

    Section Image

  • T

    Buyer's Agent in 2021

    Timothy R Lizer

    Thwaites Realtors LLC

    (859) 987-9119

    1 Total Sale

    Timothy R Lizer
    Section Image
See All Agents

Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 20018840

ImagineMLS (Bluegrass REALTORS®)

APN: 017-20-01-005.00

Kentucky Bourbon County Paris 40361 Hutchinson-Monterey

242 Bourbon Acres Rd, Paris, KY

Not Listed for Sale

Detached

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