NOT LISTED FOR SALE

503 Prospect St Berea, KY 40403

Berea Area

Estimated Value: $210,000 - $262,517

2 Beds
1 Bath
1,350 Sq Ft
$168/Sq Ft Est. Value

Sale Details

Date Sold: May 7, 2024

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

Est. 10% increase in value since last sale

Current estimated payment $1,444 / mo

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

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 Details

Home Type

  • Single Family

Year Built

  • Built in 1929

Lot Details

  • 18,913 Sq Ft 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
  • Lot: Lot Size Acres: 0.434
  • Lot: Lot Size Square Feet: 18912.5
  • Tax Legal: Elementary School: Berea Community
  • Tax Legal: Middle Or Junior School: Berea Community
  • Tax Legal: High School: Berea Community
  • Community Features: Park: Yes
  • Community Features: Tennis Court(s): Yes
  • Levels: One and One Half: Yes
  • Water Heater: Gas: Yes
  • Other Sold Info: New Construction YN: No
  • Cooling: Electric: Yes
  • Patio And Porch Features: Deck: Yes
  • Lot: View YN: Yes
  • Patio And Porch Features: Porch: Yes
  • View: Trees/Woods: 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
  • Interior: Basement YN: Yes
  • Interior: Fireplace YN: Yes
  • Fireplace Features: Living Room: Yes
  • Interior Features: Ceiling Fan(s): Yes
  • Attic Features: Access Only: 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
  • Lot: Waterfront YN: No
  • Community Features: Pool: Yes
  • Lot: Pool Private YN: Yes
  • Private Pool Features: Above Ground: Yes
  • Roof: Metal: Yes

Garage/Parking

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

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
  • Utilities: Cooling YN: Yes
  • Utilities: Heating YN: Yes
  • Utilities: Electricity Connected: Yes
  • Utilities: Natural Gas Connected: Yes
  • Heating: Natural Gas: Yes
  • Utilities: Sewer Connected: Yes
  • Utilities: Water Connected: Yes

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2024
Closed on
May 7, 2024
Sold by
Bought by
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
$226,129

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,129
Avg. Annual Appreciation
4.48%
Original Mortgage
$205,000
Outstanding Balance
$200,311
Interest Rate
6.79%
Mortgage Type
VA
Estimated Equity
$25,818

Purchase Details

Closed on
Dec 17, 2022
Sold by
Bought by

Purchase Details

Closed on
Dec 4, 2019
Sold by
Bought by

Purchase Details

Closed on
Apr 17, 2007
Sold by
Bought by

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Berea, KY

  • Debbie Clark Real Estate Agent - CENTURY 21 Advantage Realty

    Debbie Clark

    CENTURY 21 Advantage Realty

    (859) 809-2507

    37 Total Sales

    3 in Berea

    $175K - $265K Price Range

    Debbie Clark
     Section Image
  • Jessica Vincent Real Estate Agent - CENTURY 21 Advantage Realty

    Jessica Vincent

    Responds Quickly

    CENTURY 21 Advantage Realty

    (606) 687-5562

    99 Total Sales

    2 in Berea

    $250K - $290K Price Range

    Jessica Vincent
     Section Image
  • Thomas White Real Estate Agent - White Realty, LLC

    Thomas White

    White Realty, LLC

    (859) 715-0879

    35 Total Sales

    6 in Berea

    $175K - $355K Price Range

    Thomas White
     Section Image
  • Clarissa R Barber Real Estate Agent - Berkshire Hathaway de Movellan Properties

    Clarissa R Barber

    Responds Quickly

    Berkshire Hathaway de Movellan Properties

    (859) 800-3178

    132 Total Sales

    1 in Berea

    $249,900 Price

    Clarissa R Barber
     Section Image
  • Nik Markovich Real Estate Agent - GSP Homes

    Nik Markovich

    GSP Homes

    (859) 710-9284

    122 Total Sales

    1 in Berea

    $394,400 Price

    Nik Markovich
     Section Image
  • Cassie Beach Real Estate Agent - RE/MAX Elite Realty

    Cassie Beach

    RE/MAX Elite Realty

    (859) 376-5994

    113 Total Sales

    20 in Berea

    $41K - $625K Price Range

    Cassie Beach
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$205,000 Bluegrass Land Title
$50,000 None Listed On Document
-- None Available
$108,100 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $205,000
Previous Owner $108,100
Previous Owner $88,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

    96 Total Sales

    Jessie Smith
    Section Image

  • J

    Buyer's Agent in 2024

    JAMIE KARR

    Premier Properties of Lake Cumberland, Inc.

    (606) 308-4232

    132 Total Sales

    JAMIE KARR
    Section Image
  • Rick Szaks Real Estate Agent - Lincoln Real Estate

    Seller's Agent in 2013

    Rick Szaks

    Lincoln Real Estate

    (859) 221-2222

    62 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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

ImagineMLS (Bluegrass REALTORS®) The information is being provided by LBAR Multiple Listing Service. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 LBAR Multiple Listing Service. All Rights Reserved.

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