NOT LISTED FOR SALE

485 Smith Dr Somerset, KY 42501

Estimated Value: $65,901 - $194,000

7.24 Acres
$16,892 Price per Acre
315,374 Sq Ft Lot

Last Sold April 27, 2021

Last sale price $45,000

Est. 172% increase in value since last sale

Current estimated payment $672/month

174 Days on Market

About This Lot

As of April 2021

Absolutely beautiful unrestricted 7.24 acres with seasonal lake view!! This is a perfect place to bring your camper, place a mobile home, or build a cabin in the woods for a great weekend getaway or a permanent place to hang your hat!! You will find a brand new septic system already in place as well as your electric, and a new cistern. Gorgeous mountain views are all around. You feel as though you are miles away but are only minutes from town. This property is only a few miles from Burnside Marina, and Burnside Island. A perfect place to bring your lake toys and and your ATV's.

Last Agent to Sell the Property

Ronda Tipton

Realty World Dowell & Associates License #245195 Listed on: 04/21/2021

Last Buyer's Agent

Matthew Fouch

Realty World Dowell & Associates License #264821

Property Details

Property Type

  • Land

Lot Details

  • 7.24 Acre Lot
  • Wooded Lot

Farming

  • Agricultural

Community Details

  • Rural Subdivision

Listing and Financial Details

  • Assessor Parcel Number 078-5-1-01

Property Details

Property Type

Land

Lot Details

7.24 Acres

Listing Details

  • Property Type: Land
  • Property Sub-Type: Agriculture
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Lot Size Area: 7.24
  • Possible Use: Residential

Exterior Features

  • List Price: 50000.0
  • Lot Features: Wooded
  • Lot Features:Wooded: Yes

Lot Info

  • Topography: Wooded
  • Lot Size Acres: 7.24
  • Lot Size Sq Ft: 315374.0
  • Parcel Number: 078-5-1-01

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2020
Closed on
Mar 10, 2020
Sold by
Hughes Anthony
Bought by
Caldwell Anetha K
Seller's Agent
Roy Woodward
CENTURY 21 Advantage Realty
Buyer's Agent
Roy Woodward
CENTURY 21 Advantage Realty
List Price
$19,900
Sold Price
$16,500
Premium/Discount to List
-$3,400
-17.09%
Current Estimated Value
$122,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,800
Avg. Annual Appreciation
39.33%

Purchase Details

Closed on
Feb 21, 2019
Sold by
Marie Floyd
Bought by
Edwards William J
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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Purchase History

Date Buyer Sale Price Title Company
Caldwell Anetha K $16,500 --
Edwards William J $8,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/27/2021 04/27/21 Sold $45,000 -18.2% --
04/20/2021 04/20/21 Pending -- -- --
10/27/2020 10/27/20 For Sale $55,000 +233.3% --
03/10/2020 03/10/20 Sold $16,500 -17.1% -- View Prior Sale
02/24/2020 02/24/20 Pending -- -- --
01/26/2020 01/26/20 For Sale $19,900 -- --
Source: ImagineMLS (Bluegrass REALTORS®)

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 $340 $45,000 $45,000 $0
2024 $3 $45,000 $45,000 $0
2023 $350 $45,000 $45,000 $0
2022 $355 $45,000 $45,000 $0
2021 $136 $16,500 $16,500 $0
2020 $137 $16,500 $16,500 $0
2019 $68 $8,000 $8,000 $0
2018 $21 $2,500 $2,500 $0
2017 $21 $2,500 $2,500 $0
2016 $21 $2,500 $2,500 $0
2015 $20 $2,500 $2,500 $0
2014 $20 $2,500 $2,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 3038601

ImagineMLS (Bluegrass REALTORS®)

APN: 078-5-1-01

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