NOT LISTED FOR SALE

491 Lum Derossett Branch East Point, KY 41216

Estimated Value: $162,000 - $185,000

2 Beds
1.5 Baths
1,050 Sq Ft
$162/Sq Ft Est. Value

Last Sold February 04, 2021

Last sale price $125,000 $119 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $953/month

247 Days on Market

Highlights

  • 51 Acre Lot
  • Covered Patio or Porch
  • Double Pane Windows
  • Ranch Style House
  • 2 Car Detached Garage
  • Garden

About This Home

As of February 2021

Ranch style home with LOTS of privacy. 2 bedroom, 1.5 bath situated on 51 acres +/-. Large 2 car detached garage and level acreage as well as hillside.

Last Agent to Sell the Property

Rachael Nicole Johnson

Century 21 American Way Realty License #248653 Listed on: 01/10/2020

Century 21 American Way Realty

Last Buyer's Agent

Non-Member Non-Member

Non-Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $675

Year Built

  • Built in 1972

Lot Details

  • 51 Acre Lot
  • Garden

Parking

  • 2 Car Detached Garage

Home Design

  • Ranch Style House
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,050 Sq Ft Home
  • Ceiling Fan
  • Double Pane Windows
  • Crawl Space

Kitchen

  • Stove
  • Microwave

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Covered Patio or Porch

Schools

  • Prestonsburg High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Well
  • Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$675

Year Built

Built in 1972

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 51
  • Lot Size: 2.00
  • Subdivision Name: None
  • Directions: From US 23 and Rt. 114 intersection, travel towards Paintsville 2.3 miles and turn left onto Little Paint Creek. In 1.2 miles turn right onto Lum DeRossett Branch. House is .75 miles on the left.
  • Above Grade Finished Sq Ft: 1050
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Year Built: 1972
  • Special Features: None

Interior Features

  • Appliances: Electric, Refrigerator, Microwave, Stove
  • Has Basement: Crawl Space
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Flooring: Laminate, Carpet
  • Interior Amenities: 1st Floor Bedroom, Ceiling Fan(s)
  • Living Area: 1050
  • Window Features: Double Pane Windows

Exterior Features

  • Disclosures: Sellers Disclosure
  • Construction Type: Vinyl Siding
  • Exterior Features: Garden
  • Patio And Porch Features: Patio, Front Covered
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Detached, 2 Car Garage
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas, Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well

Schools

  • High School: Prestonsburg

Lot Info

  • Lot Size Sq Ft: 2221560
  • Zoning: Unknown
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2020
Closed on
Feb 4, 2021
Sold by
Campbell Phyllis
Bought by
Shepherd Tackett Virginia Alice
Seller's Agent
Rachael Nicole Johnson
Century 21 American Way Realty
Buyer's Agent
Non-Member Non-Member
Non-Member
List Price
$145,000
Sold Price
$125,000
Premium/Discount to List
-$20,000
-13.79%
Current Estimated Value
$169,672

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,672
Avg. Annual Appreciation
6.70%
Original Mortgage
$122,735
Outstanding Balance
$109,773
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$59,899

Purchase Details

Closed on
Mar 13, 2007
Sold by
Stephens Bonnie and Campbell Bonnie
Bought by
Campbell Garnard and Campbell Phyllis
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
Shepherd Tackett Virginia Alice $125,000 Signature Title Llc
Campbell Garnard -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shepherd Tackett Virginia Alice $122,735
Closed Shepherd Tackett Virginia Alice $6,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/04/2021 02/04/21 Sold $125,000 -13.8% $119 / Sq Ft
09/14/2020 09/14/20 Pending -- -- --
01/10/2020 01/10/20 For Sale $145,000 -- $138 / Sq Ft
Source: Eastern Kentucky Association of 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 $675 $102,350 $32,350 $70,000
2023 $497 $102,350 $0 $0
2022 $569 $46,901 $0 $0
2021 $1,246 $61,901 $0 $0
2020 $768 $155,000 $0 $0
2019 $765 $63,050 $0 $0
2018 $248 $90,000 $0 $0
2017 $233 $90,000 $0 $0
2016 $233 $90,000 $0 $0
2015 $242 $90,000 $0 $0
2014 $242 $58,000 $0 $0
2013 $242 $58,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rachael Nicole Johnson

    Seller's Agent in 2021

    Rachael Nicole Johnson

    Century 21 American Way Realty

    (606) 371-4889

    166 Total Sales

    Rachael Nicole Johnson
    Section Image

  • N

    Buyer's Agent in 2021

    Non-Member Non-Member

    Non-Member

See All Agents

Map

Source: Eastern Kentucky Association of REALTORS®

MLS Number: 113378

APN: 6175

Kentucky Floyd County 41216

491 Lum Derossett Branch, KY

This home is located at 491 Lum Derossett Branch, East Point, KY 41216 since 10 January 2020 and is currently estimated at $169,672, approximately $161 per square foot. This property was built in 1972. 491 Lum Derossett Branch is a home located in Floyd County with nearby schools including Prestonsburg Elementary School, Adams Middle School, and Prestonsburg High School.

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