NOT LISTED FOR SALE

503 Prospect St Berea, KY 40403

Estimated Value: $203,000 - $240,000

2 Beds
1 Bath
1,350 Sq Ft
$162/Sq Ft Est. Value

Last Sold May 07, 2024

Last sale price $205,000 $152 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,331/month

2 Days on Market

Highlights

  • Above Ground Pool
  • Craftsman Architecture
  • Wood Flooring
  • View of Trees or Woods
  • Deck
  • Tennis Courts

About This Home

As of May 2024

Adorable home in the heart of Berea! Great location close to Berea College and Boone Tavern making this a highly desirable area. This older home has been well maintained and is full of charm. The 2 bedroom (possibly 3 bedroom), 1 bath home has been updated with modern finishes and a new metal roof. The deck overlooks the large private backyard which has a detached garage and above ground pool making it your perfect own oasis. The unfinished basement offers ample storage and an additional wash/dryer hookup. This home is perfect for first time buyers, investors and would make a great short-term rental. Don't miss your chance to own one of the cutest homes in Berea schedule your showing today! Inspections welcome but selling as is.

Last Agent to Sell the Property

Jessie Smith

Bluegrass Properties Group License #251086 Listed on: 03/29/2024

Last Buyer's Agent

JAMIE KARR

Premier Properties of Lake Cumberland, Inc. License #266412

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1929

Lot Details

  • 0.43 Acre Lot
  • Privacy Fence

Property Views

  • Woods
  • Neighborhood

Home Design

  • Craftsman Architecture
  • Metal Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,350 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Dining Room
  • Utility Room
  • Electric Dryer Hookup
  • Basement
  • Sump Pump
  • Attic Access Panel

Kitchen

  • Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Detached Garage
  • Driveway

Outdoor Features

  • Above Ground Pool
  • Deck
  • Porch

Schools

  • Berea Community Elementary And Middle School
  • Berea Community High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number B010-0009-003

Community Details

Overview

  • Downtown Subdivision

Recreation

  • Tennis Courts
  • Community Pool
  • Park

Home Details

Home Type

Single Family

Year Built

Built in 1929

Lot Details

0.43 Acres

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Architectural Style: Craftsman
  • Structure Type: House
  • Year Built: 1929
  • Above Grade Finished Sq Ft: 1350.0
  • Levels: One and One Half
  • New Construction: No
  • Structure Type:House: Yes
  • View:Neighborhood: Yes
  • Foundation Details:Concrete Perimeter: Yes
  • Flooring:Hardwood: Yes
  • Flooring:Tile2: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Appliances Microwave: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Fencing:Privacy: Yes
  • Architectural Style:Craftsman: Yes
  • Cooling:Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Oven
  • Interior Amenities: Ceiling Fan(s)
  • Flooring: Hardwood, Tile
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: Concrete, Sump Pump
  • Basement: Yes
  • Total Bedrooms: 2
  • Fireplace Features: Living Room
  • Fireplace: Yes
  • LivingArea: 1350.0
  • Lot Size Area: 0.43
  • Basement:Concrete: Yes
  • Appliances Dishwasher: Yes
  • Appliances:Oven: Yes
  • Basement:Sump Pump: Yes

Exterior Features

  • Roof: Metal
  • Construction Materials: Vinyl Siding
  • Fencing: Privacy
  • Foundation Details: Concrete Perimeter
  • List Price: 199999.0
  • Patio And Porch Features: Deck, Porch
  • Pool Features: Above Ground
  • Pool Private: Yes
  • View: Neighborhood, Trees/Woods
  • View YN: Yes
  • Waterfront: No
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • Attached Garage: No
  • Carport: No
  • Garage: Yes
  • Parking Features: Detached Garage, Driveway
  • Parking Features:Driveway: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Natural Gas
  • Cooling: Electric, Window Unit(s)
  • Cooling: Yes
  • Heating: Yes
  • Laundry Features: Electric Dryer Hookup
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Park, Pool, Tennis Court(s)

Schools

  • Elementary School: Berea Community
  • High School: Berea Community
  • Middle or Junior School: Berea Community

Lot Info

  • Lot Size Acres: 0.43
  • Lot Size Sq Ft: 18912.5
  • Parcel Number: B010-0009-003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2024
Closed on
May 7, 2024
Sold by
Clements Christy and Tipton Kyle Mark
Bought by
Fennell John Alex
Seller's Agent
Jessie Smith
Bluegrass Properties Group
Buyer's Agent
JAMIE KARR
Premier Properties of Lake Cumberland, Inc.
List Price
$199,999
Sold Price
$205,000
Premium/Discount to List
$5,001
2.5%
Views
37
Current Estimated Value
$219,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,009
Avg. Annual Appreciation
3.66%
Original Mortgage
$205,000
Outstanding Balance
$201,498
Interest Rate
6.79%
Mortgage Type
VA
Estimated Equity
$17,511

Purchase Details

Closed on
Dec 17, 2022
Sold by
Webb Orville and Webb Donna
Bought by
Webb Kevin and Webb Christy

Purchase Details

Closed on
Dec 4, 2019
Sold by
Clements Christy and Tipton Kyle
Bought by
Blevins Law Pllc

Purchase Details

Closed on
Apr 17, 2007
Sold by
Vince Antony
Bought by
Wagoner Charles C and Wagoner Lesle E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,100
Interest Rate
6.11%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Fennell John Alex $205,000 Bluegrass Land Title
Webb Kevin $50,000 None Listed On Document
Webb Kevin $50,000 None Listed On Document
Blevins Law Pllc -- None Available
Wagoner Charles C $108,100 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fennell John Alex $205,000
Previous Owner Wagoner Charles C $108,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/07/2024 05/07/24 Sold $205,000 +2.5% $152 / Sq Ft
04/01/2024 04/01/24 Pending -- -- --
03/29/2024 03/29/24 For Sale $199,999 +174.7% $148 / Sq Ft
03/05/2013 03/05/13 Sold $72,800 0.0% $82 / Sq Ft View Prior Sale
01/08/2013 01/08/13 Pending -- -- --
11/09/2012 11/09/12 For Sale $72,800 -- $82 / Sq Ft
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 $2,444 $205,000 $0 $0
2024 $1,318 $112,000 $0 $0
2023 $1,138 $87,000 $0 $0
2022 $1,104 $87,000 $0 $0
2021 $1,171 $87,000 $0 $0
2020 $1,145 $87,000 $0 $0
2019 $1,087 $80,000 $0 $0
2018 $1,066 $80,000 $0 $0
2017 $1,044 $80,000 $0 $0
2016 $1,016 $80,000 $0 $0
2015 $993 $80,000 $0 $0
2014 $1,396 $80,000 $0 $0
2012 $1,396 $108,100 $108,100 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jessie Smith

    Bluegrass Properties Group

    (859) 582-8834

    3 in this area

    98 Total Sales

    Jessie Smith
    Section Image

  • J

    Buyer's Agent in 2024

    JAMIE KARR

    Premier Properties of Lake Cumberland, Inc.

    (606) 308-4232

    4 in this area

    130 Total Sales

    JAMIE KARR
    Section Image
  • Rick Szaks

    Seller's Agent in 2013

    Rick Szaks

    Lincoln Real Estate

    (859) 221-2222

    66 Total Sales

    Rick Szaks
    Section Image

  • N

    Buyer's Agent in 2013

    Null Non-Member

    Non-Member Office

See All Agents

Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 24005881

ImagineMLS (Bluegrass REALTORS®)

APN: B010-0009-0003

Kentucky Madison County Berea 40403

503 Prospect St, Berea, KY

Not Listed for Sale

Detached

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