NOT LISTED FOR SALE

260 Lake Cliff Dr Somerset, KY 42503

Estimated Value: $252,217 - $391,000

0.5 Acre
$663,478 Price per Acre
21,780 Sq Ft Lot

Last Sold September 02, 2022

Last sale price $192,000

Est. 63% increase in value since last sale

Current estimated payment $1,769/month

379 Days on Market

Highlights

  • Waterfront
  • Wooded Lot
  • Agricultural

About This Lot

As of September 2022

Great waterfront lot in a restricted lake community, one of the best lake views you will find, ideal for a walkout basement, walking distance of the lake and a boat ramp.

Last Agent to Sell the Property

Michael Hines

Lake Cumberland Real Estate Professionals License #206380 Listed on: 05/02/2022

Co-Listed By

Vicki Hines

Lake Cumberland Real Estate Professionals License #188701

Last Buyer's Agent

Michael Hines

Lake Cumberland Real Estate Professionals License #206380 Listed on: 05/02/2022

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,510

Lot Details

  • 0.5 Acre Lot
  • Waterfront
  • Wooded Lot

Farming

  • Agricultural

Community Details

  • Rural Subdivision

Listing and Financial Details

  • Assessor Parcel Number 041-5-2-46

Property Details

Property Type

Land

Est. Annual Taxes

$1,510

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub-Type: Agriculture
  • New Construction: No
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Lot Size Area: 0.5
  • Possible Use: Residential

Exterior Features

  • List Price: 199900.0
  • Lot Features: Wooded, Waterfront
  • Lot Features:Wooded: Yes

Utilities

  • Utilities: Electricity Available, Water Available

Lot Info

  • Topography: Wooded
  • Current Use: Other
  • Lot Size Acres: 0.5
  • Lot Size Sq Ft: 21780.0
  • Parcel Number: 041-5-2-46

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2022
Closed on
Sep 1, 2022
Sold by
Muregesan Natarahan
Bought by
Gilbert Keith
Seller's Agent
Michael Hines
Lake Cumberland Real Estate Professionals
Buyer's Agent
Michael Hines
Lake Cumberland Real Estate Professionals
List Price
$199,900
Sold Price
$192,000
Premium/Discount to List
-$7,900
-3.95%
Views
17
Current Estimated Value
$312,498

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,498
Avg. Annual Appreciation
18.96%

Purchase Details

Closed on
Sep 9, 2015
Bought by
Natarajan Murugesan and Murugesan Mullai N
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
Gilbert Keith $192,000 Attorney Only
Natarajan Murugesan $200,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2022 09/02/22 Sold $192,000 -4.0% --
08/19/2022 08/19/22 Pending -- -- --
05/02/2022 05/02/22 For Sale $199,900 +4.1% --
04/30/2022 04/30/22 Off Market $192,000 -- --
02/01/2022 02/01/22 For Sale -- -- --
01/30/2022 01/30/22 Off Market $192,000 -- --
08/04/2021 08/04/21 For Sale $199,900 -- --
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 $1,510 $950,000 $200,000 $750,000
2024 $1,480 $200,000 $200,000 $0
2023 $1,556 $200,000 $200,000 $0
2022 $1,578 $200,000 $200,000 $0
2021 $1,644 $200,000 $200,000 $0
2020 $1,655 $200,000 $200,000 $0
2019 $1,710 $200,000 $200,000 $0
2018 $1,683 $200,000 $200,000 $0
2017 $1,650 $200,000 $200,000 $0
2016 $1,650 $200,000 $200,000 $0
2015 $1,613 $200,000 $200,000 $0
2014 $1,570 $200,000 $200,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 20115593

ImagineMLS (Bluegrass REALTORS®)

APN: 041-5-2-46