NOT LISTED FOR SALE

507 Prospect St Berea, KY 40403

Estimated Value: $229,000 - $282,000

3 Beds
2 Baths
1,721 Sq Ft
$149/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $249,900 $145 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,591/month

7 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Porch
  • Ranch Style House
  • Neighborhood Views
  • Eat-In Kitchen

About This Home

As of June 2024

Nestled in the vibrant heart of Berea, this charming 3 bedroom, 2 full bath home offers a perfect blend of comfort, style, and convenience! Just past Berea College, you will find this ideal property on a spacious corner lot that stands out with its inviting open concept floor plan, which seamlessly integrates living, cooking, and dining spaces, perfect for modern living! In addition, a versatile bonus room adds to the home's appeal, offering use as a formal dining room, home office, or a cozy den, depending on your lifestyle needs! The allure extends beyond the home's interior, with a great outdoor entertainment area, complete with a privacy fence that is perfect for gatherings and relaxation (and maybe a chicken or two ;). The property also boasts a 10x20 storage building, complete with electric, offering ample space for tools, hobbies, and additional storage needs. This home is not just a place to live; it's a haven that offers a perfect blend of functionality and charm where the seller has created SO many wonderful memories, and you will too! It's a must-see for anyone looking to find their dream home in Berea, Kentucky! Schedule your tour today!

Last Agent to Sell the Property

Anita O. Brown

United Real Estate Bluegrass License #219927 Listed on: 05/22/2024

United Real Estate Bluegrass

Last Buyer's Agent

Cassie Beach

RE/MAX Elite Realty License #295331

RE/MAX Elite Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1992

Lot Details

  • 0.26 Acre Lot
  • Wood Fence
  • Wire Fence

Home Design

  • Ranch Style House
  • Block Foundation
  • Dimensional Roof
  • Stone

Interior Spaces

  • 1,721 Sq Ft Home
  • Ceiling Fan
  • Electric Fireplace
  • Insulated Windows
  • Blinds
  • Insulated Doors
  • Neighborhood Views
  • Pull Down Stairs to Attic
  • Washer and Electric Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Attached Carport Space
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Deck
  • Shed
  • Porch

Schools

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

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater

Community Details

  • Downtown Subdivision

Listing and Financial Details

  • Assessor Parcel Number B010-0009-0002

Home Details

Home Type

Single Family

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Architectural Style: Ranch
  • Structure Type: House
  • Year Built: 1992
  • Above Grade Finished Sq Ft: 1721.0
  • Levels: One
  • New Construction: No
  • Structure Type:House: Yes
  • View:Neighborhood: Yes
  • Roof:Dimensional Style: Yes
  • Flooring:Hardwood: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Appliances Microwave: Yes
  • Laundry Features:Washer Hookup: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Architectural Style:Ranch: Yes
  • Foundation Details:Block3: Yes
  • Appliances Refrigerators: Yes
  • Fencing:Wood2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Eat-in Kitchen
  • Flooring: Hardwood, Vinyl
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: No
  • Total Bedrooms: 3
  • Fireplace Features: Electric
  • Fireplace: Yes
  • LivingArea: 1721.0
  • Lot Size Area: 0.26
  • Window Features: Blinds, Insulated Windows
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Interior Features:Breakfast Bar: Yes

Exterior Features

  • Roof: Dimensional Style
  • Construction Materials: Stone
  • Fencing: Wood
  • Foundation Details: Block
  • List Price: 249900.0
  • Other Structures: Shed(s)
  • Patio And Porch Features: Deck, Porch
  • View: Neighborhood
  • View YN: Yes
  • Waterfront: No
  • Window Features:Blinds: Yes
  • Window Features:Insulated Windows: Yes

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1.0
  • Carport: Yes
  • Garage: No
  • Parking Features: Attached Carport, Driveway, Off Street
  • Parking Features:Driveway: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air, Natural Gas
  • Cooling: Electric
  • Cooling: Yes
  • Heating: Yes
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Water Source: Public
  • Heating:Forced Air: Yes

Schools

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

Lot Info

  • Lot Size Acres: 0.26
  • Lot Size Sq Ft: 11264.0
  • Parcel Number: B010-0009-0002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2024
Closed on
Jun 28, 2024
Sold by
Welsh Stella K and Kirkpatrick Benjamin
Bought by
Morris Caleb
Seller's Agent
Anita O. Brown
United Real Estate Bluegrass
Buyer's Agent
Cassie Beach
RE/MAX Elite Realty
List Price
$249,900
Sold Price
$249,900
Views
27
Current Estimated Value
$256,875

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,975
Avg. Annual Appreciation
1.83%
Original Mortgage
$249,900
Outstanding Balance
$235,717
Interest Rate
6.88%
Mortgage Type
New Conventional
Estimated Equity
$21,158

Purchase Details

Listed on
Aug 15, 2020
Closed on
Oct 15, 2020
Sold by
Brown Tony and Brown Brinkley
Bought by
Welsh Stella K
Seller's Agent
Lisa Scully
CENTURY 21 Advantage Realty
Buyer's Agent
Anita O. Brown
Keller Williams Legacy Group
List Price
$189,000
Sold Price
$192,000
Premium/Discount to List
$3,000
1.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.38%
Original Mortgage
$192,000
Interest Rate
2.9%
Mortgage Type
USDA

Purchase Details

Listed on
Sep 5, 2017
Closed on
Dec 5, 2017
Sold by
Madison Properties 2 Llc
Bought by
Brown Tony Scott and Brown Brinkley
Seller's Agent
Amanda Devere-Hembree
RE/MAX Unlimited
Buyer's Agent
Amanda Devere-Hembree
RE/MAX Elite Realty
List Price
$155,000
Sold Price
$155,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.77%
Original Mortgage
$152,192
Interest Rate
4.5%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 3, 2017
Sold by
Kaylor Rick and Kaylor Ricky L
Bought by
Madison Properties 2 Llc

Purchase Details

Closed on
Jan 31, 2011
Sold by
Baker Kimberly Renee and Baker Kim
Bought by
Kaylor Ricky Lewis and Kaylor Rick
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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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
Morris Caleb $249,900 True Title
Welsh Stella K $192,000 None Available
Brown Tony Scott $155,000 None Available
Madison Properties 2 Llc $90,000 None Available
Kaylor Ricky Lewis -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morris Caleb $249,900
Previous Owner Welsh Stella K $192,000
Previous Owner Brown Tony Scott $152,192
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/28/2024 06/28/24 Sold $249,900 0.0% $145 / Sq Ft
05/30/2024 05/30/24 Pending -- -- --
05/22/2024 05/22/24 For Sale $249,900 +30.2% $145 / Sq Ft
10/15/2020 10/15/20 Sold $192,000 +1.6% $112 / Sq Ft View Prior Sale
08/16/2020 08/16/20 Pending -- -- --
08/15/2020 08/15/20 For Sale $189,000 +21.9% $110 / Sq Ft
12/05/2017 12/05/17 Sold $155,000 0.0% $90 / Sq Ft View Prior Sale
11/01/2017 11/01/17 Pending -- -- --
09/05/2017 09/05/17 For Sale $155,000 -- $90 / 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 $2,979 $249,900 $0 $0
2024 $2,260 $192,000 $0 $0
2023 $2,511 $192,000 $0 $0
2022 $2,436 $192,000 $0 $0
2021 $2,584 $192,000 $0 $0
2020 $2,039 $155,000 $0 $0
2019 $2,106 $155,000 $0 $0
2018 $2,065 $155,000 $0 $0
2017 $1,371 $105,000 $0 $0
2016 $1,334 $105,000 $0 $0
2015 $1,737 $105,000 $0 $0
2014 $1,091 $105,000 $0 $0
2012 $1,091 $84,500 $84,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 24009169

ImagineMLS (Bluegrass REALTORS®)

APN: B010-0009-0002