NOT LISTED FOR SALE

314 Melrose Ave Somerset, KY 42501

Estimated Value: $307,550 - $371,000

3 Beds
3.5 Baths
4,416 Sq Ft
$75/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $250,000 $57 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,956/month

17 Days on Market

Highlights

  • Ranch Style House
  • Great Room
  • Eat-In Kitchen
  • Bonus Room
  • Porch
  • Brick or Stone Mason

About This Home

As of April 2022

Look at this custom built home spacious enough for two families! It has 2 kitchens, 2 laundry areas, a fireplace on the main floor and in the finished basement, too! The home was custom built by D.C. Trimble LLC and has only been occupied by one family. The home sits on a large corner lot in a nice neighborhood (Southern Hills). The main floor features 3 bedrooms, 2 full baths, a Large formal living room with enough space for dining, a family room with a bar and fireplace, plus patio doors that lead onto a nice covered patio with a beautiful view! The main floor also has a laundry room with sink, a beautiful foyer with tile, and there is an attached garage with the door facing rear of home. The full finished basement has a kitchen, a laundry room, two rooms with closets that were used for bedrooms, and a large area for lounging, dining, working out, or entertaining. The area would be great for recreational activities or it could serve additional occupants of the home. Basement also has walk out access. The owners covered all the details when building this home!

Last Agent to Sell the Property

Morgan Harris

Eagle Realty & Development LLC Listed on: 02/01/2022

Co-Listed By

Tammy Price Anger

Eagle Realty & Development LLC License #242390

Last Buyer's Agent

Kathy Dick

Premier Properties of Lake Cumberland, Inc. License #287944

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,850

Year Built

  • Built in 1975

Lot Details

  • 0.36

Home Design

  • Ranch Style House
  • Brick or Stone Mason
  • Block Foundation
  • Dimensional Roof

Interior Spaces

  • Central Vacuum
  • Wood Burning Fireplace
  • Fireplace Features Blower Fan
  • Blinds
  • Entrance Foyer
  • Family Room with Fireplace
  • Great Room
  • Living Room
  • Bonus Room
  • Utility Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Oven
  • Microwave

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Fireplace in Basement

Parking

  • Garage
  • Rear-Facing Garage
  • Driveway
  • Off-Street Parking

Schools

  • Southern Elementary And Middle School
  • Southwestern High School

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heat Pump System
  • Septic Tank

Additional Features

  • Porch
  • 0.36 Acre Lot

Community Details

  • Southern Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number 062-5-2-48

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,850

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Architectural Style: Ranch
  • Structure Type: House
  • Year Built: 1975
  • Above Grade Finished Sq Ft: 2208.0
  • Levels: One
  • New Construction: No
  • Structure Type:House: Yes
  • Roof:Dimensional Style: Yes
  • Flooring:Carpet: Yes
  • Water Source:Public: Yes
  • Appliances Microwave: Yes
  • Laundry Features:Washer Hookup: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Architectural Style:Ranch: Yes
  • Foundation Details:Block3: Yes
  • Appliances Refrigerators: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Percent Basement Finished: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Microwave, Oven, Refrigerator, Washer
  • Interior Amenities: Breakfast Bar, Central Vacuum, Eat-in Kitchen, Entrance Foyer, Primary Downstairs
  • Flooring: Carpet, Vinyl
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4
  • Basement: Finished, Full, Sump Pump, Walk-Out Access
  • Basement: Yes
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 2208.0
  • Fireplace Features: Basement, Blower Fan, Family Room, Wood Burning
  • Fireplace: Yes
  • LivingArea: 4416.0
  • Lot Size Area: 0.36
  • Window Features: Blinds, Window Treatments
  • Full Basement: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:Central Vacuum: Yes
  • Fireplace Features:Wood Burning: Yes
  • Appliances:Oven: Yes
  • Basement:Sump Pump: Yes
  • Basement:Walk-Out Access: Yes
  • Fireplace Features:Blower Fan: Yes

Exterior Features

  • Roof: Dimensional Style
  • Construction Materials: Stone, Other
  • Fencing: None
  • Foundation Details: Block
  • List Price: 279900.0
  • Patio And Porch Features: Porch
  • Pool Private: No
  • Waterfront: No
  • Window Features:Blinds: Yes
  • Window Features:Window Treatments: Yes

Garage/Parking

  • Attached Garage: No
  • Carport: No
  • Garage: Yes
  • Parking Features: Attached Garage, Driveway, Garage Faces Rear, Off Street
  • Parking Features:Driveway: Yes

Utilities

  • Sewer: Septic Tank
  • Heating: Forced Air, Heat Pump
  • Cooling: Electric, Heat Pump
  • Cooling: Yes
  • Heating: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Water Source: Public
  • Heating:Forced Air: Yes
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes

Schools

  • Elementary School: Southern
  • High School: Southwestern
  • Middle or Junior School: Southern

Lot Info

  • Lot Size Acres: 0.36
  • Lot Size Sq Ft: 15682.0
  • Parcel Number: 062-5-2-48

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2022
Closed on
Apr 29, 2022
Sold by
Benham Wilda
Bought by
Edwards Michael James and Edwards Mary Elizabeth
Seller's Agent
Morgan Harris
Eagle Realty & Development LLC
Buyer's Agent
Kathy Dick
Premier Properties of Lake Cumberland, Inc.
Sold Price
$250,000
Current Estimated Value
$333,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,138
Avg. Annual Appreciation
8.95%
Original Mortgage
$145,000
Outstanding Balance
$137,614
Interest Rate
4.98%
Mortgage Type
Construction
Estimated Equity
$195,524

Purchase Details

Closed on
Aug 30, 2006
Sold by
Sears Grace A
Bought by
Benham Wilda
Source: Public Records

Range of Values:

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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
Edwards Michael James $250,000 Five Star Title
Benham Wilda $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edwards Michael James $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2022 04/29/22 Sold $250,000 -10.7% $57 / Sq Ft
02/07/2022 02/07/22 Pending -- -- --
02/01/2022 02/01/22 For Sale -- -- --
01/21/2022 01/21/22 Pending -- -- --
01/20/2022 01/20/22 For Sale $279,900 -- $63 / 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 $1,850 $250,000 $15,000 $235,000
2023 $1,945 $250,000 $15,000 $235,000
2022 $1,775 $225,000 $15,000 $210,000
2021 $1,480 $180,000 $15,000 $165,000
2020 $1,490 $180,000 $15,000 $165,000
2019 $1,539 $180,000 $180,000 $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: 22001022

ImagineMLS (Bluegrass REALTORS®)

APN: 062-5-2-48