NOT LISTED FOR SALE

406 Water Cliff Dr Somerset, KY 42503

Estimated Value: $416,000 - $515,000

5 Beds
2.5 Baths
3,000 Sq Ft
$161/Sq Ft Est. Value

Last Sold August 18, 2021

Last sale price $424,000 $141 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $2,756/month

131 Days on Market

Highlights

  • New Construction
  • 1.02 Acre Lot
  • Heat Pump System
  • Lake View
  • Attached Garage

About This Home

As of August 2021

New Construction! Lake Living or Full time you choose! This Gorgeous 2 Story Home features 5BR's 2.5 Ba's Gorgeous Cabinetry, Lights and Flooring, Crown Moulding and much more! Bonus Room in Basement w/ a Bonus Garage. Partial Lake views and a golf cart ride to the Boat Ramp. Situated on an acre lot in a Desirable Subdivision. This home wont last long.

Last Agent to Sell the Property

Millie King Weaver

Keller Williams Bluegrass Realty - Lake Cumberland License #208856 Listed on: 07/21/2021

Last Buyer's Agent

The Millie - Millie Weaver

Lake Cumberland Real Estate Professionals License #208856

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,643

Year Built

  • Built in 2021 | New Construction

Lot Details

  • 1.02

Home Design

  • Dimensional Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Lake Views

Bedrooms and Bathrooms

  • 5 Bedrooms

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Attached Garage
  • Basement Garage

Additional Features

  • 1.02 Acre Lot
  • Heat Pump System

Community Details

  • Lake Forest Subdivision

Listing and Financial Details

  • Assessor Parcel Number 041-5-1-43.1

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,643

Year Built

Built in 2021 | New Construction

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Year Built: 2021
  • Above Grade Finished Sq Ft: 3000.0
  • Levels: Two
  • New Construction: Yes
  • Roof:Dimensional Style: Yes
  • Foundation Details:Concrete Perimeter: Yes
  • Percent Basement Finished: Yes
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Basement: Finished, Full, Walk-Out Access
  • Basement: Yes
  • Total Bedrooms: 5
  • LivingArea: 3000.0
  • Lot Size Area: 1.02
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes

Exterior Features

  • Roof: Dimensional Style
  • Construction Materials: Vinyl Siding, Other
  • Foundation Details: Concrete Perimeter
  • List Price: 429900.0
  • Property Condition: New Construction
  • View: Lake
  • View YN: Yes
  • Water Body Name: Lake Cumberland
  • Waterfront: No
  • Construction Materials:Vinyl Siding: Yes
  • View:Lake: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Attached Garage, Basement

Utilities

  • Heating: Heat Pump
  • Heating: Yes
  • Heating:Heat Pump2: Yes

Lot Info

  • Lot Size Acres: 1.02
  • Lot Size Sq Ft: 44431.0
  • Parcel Number: 041-5-1-43.1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2021
Closed on
Aug 18, 2021
Sold by
Gleason William S
Bought by
Aberle Ryan and Aberle Anita
Seller's Agent
Millie King Weaver
Keller Williams Bluegrass Realty - Lake Cumberland
Buyer's Agent
The Millie - Millie Weaver
Lake Cumberland Real Estate Professionals
List Price
$449,900
Sold Price
$424,000
Premium/Discount to List
-$25,900
-5.76%
Current Estimated Value
$481,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,972
Avg. Annual Appreciation
3.10%

Purchase Details

Closed on
Jul 27, 2012
Sold by
Holloway Sammy K and Holloway Glenna F
Bought by
Stevens Edward W
Source: Public Records

Range of Values:

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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
Aberle Ryan $350,000 Attorney Only
Stevens Edward W $25,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/18/2021 08/18/21 Sold $424,000 -5.8% $141 / Sq Ft
08/03/2021 08/03/21 Pending -- -- --
03/24/2021 03/24/21 For Sale $449,900 -- $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 $2,643 $375,000 $50,000 $325,000
2024 $2,590 $350,000 $50,000 $300,000
2023 $2,723 $350,000 $50,000 $300,000
2022 $2,761 $350,000 $50,000 $300,000
2021 $164 $20,000 $20,000 $0
2020 $207 $25,000 $25,000 $0
2019 $214 $25,000 $25,000 $0
2018 $210 $25,000 $25,000 $0
2017 $206 $25,000 $25,000 $0
2016 $206 $25,000 $25,000 $0
2015 $202 $25,000 $25,000 $0
2014 $196 $25,000 $25,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 3039617

ImagineMLS (Bluegrass REALTORS®)

APN: 041-5-1-43