NOT LISTED FOR SALE

714 Lake Dr Benton, KY 42025

Estimated Value: $694,000 - $903,000

3 Beds
3 Baths
4,091 Sq Ft
$195/Sq Ft Est. Value

Last Sold October 02, 2020

Last sale price $575,000 $141 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,801/month

71 Days on Market

Highlights

  • Private Dock
  • Great Room with Fireplace
  • Bonus Room
  • Waterfront
  • Whirlpool Bathtub
  • Covered Patio or Porch

About This Home

As of October 2020

If you think architectural details were lost on newer construction, note the classic arches & interesting nooks in this custom built brick lake home. Built to withstand even the harshest elements with Insulated Concrete Forms (ICF) in the basement & Structural Insulate Panels (SIPS.org) for the exterior walls, these insightful owners created a home for the ages. Too many features to list here, but to name a few: Covered dock, finished basement with two huge spaces and a full bath. Open concept main floor contains 3 BR's, 2 full baths, foyer, huge living/dining space with gas log fireplace and vaulted ceilings, pantry, laundry room. Check out the "secret room" above the garage that could easily be finished and would overlook the great room!

Last Agent to Sell the Property

Becky Ray

Park Avenue Properties License #197791 Listed on: 06/15/2020

Last Buyer's Agent

Jeff Pierce

Better Homes & Gardens Fern Leaf Group License #261477

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2007

Lot Details

  • 10,454 Sq Ft Lot
  • Lot Dimensions are 107x104x102x98
  • Waterfront
  • Lot Has A Rolling Slope
  • Landscaped with Trees

HOA Fees

  • $8 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1-Story Property
  • Tray Ceiling
  • Sheet Rock Walls or Ceilings
  • Ceiling height of 9 feet or more
  • Ceiling Fan
  • Multiple Fireplaces
  • Thermal Pane Windows
  • Vinyl Clad Windows
  • Tilt-In Windows
  • Great Room with Fireplace
  • Family Room Downstairs
  • Combination Dining and Living Room
  • Bonus Room
  • Workshop
  • Utility Room
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Whirlpool Bathtub
  • Separate Shower

Laundry

  • Laundry in Utility Room
  • Washer and Dryer Hookup

Attic

  • Attic Floors
  • Storage In Attic
  • Pull Down Stairs to Attic

Finished Basement

  • Walk-Out Basement
  • Interior Basement Entry
  • Fireplace in Basement

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Circular Driveway

Outdoor Features

  • Private Dock
  • Covered Dock
  • Covered Patio or Porch
  • Exterior Lighting

Utilities

  • Heat Pump System
  • Property is located within a water district
  • Electric Water Heater
  • Septic System
  • High Speed Internet
  • Cable TV Available

Community Details

  • Association fees include common ground

Listing and Financial Details

  • Tax Lot 65

Home Details

Home Type

Single Family

Year Built

Built in 2007

Lot Details

10,454 Sq Ft Lot

HOA Fees

$8 per month

Listing Details

  • Class: Residential
  • Type: Single Family
  • Access: Paved Road, Public Road
  • Estimated Age: 11-20
  • Estimated Year Built: 2007
  • Estimated Sq Ft: 4000+
  • Finished Basement Sq Ft: 1800
  • Estimated Size Bedroom 3: 14'x13'
  • Bonus Room Level: U
  • Deed Book Page: 447/1
  • Dockage: Private Dock
  • Family Room Level: B
  • Fireplace Wood Stove: Basement, Great Room, Two or More
  • Great Room Estimated Size: 30x16
  • Estimated Kitchen Size: 22x15
  • Land Use Topography: Rolling
  • Laundry Location: Utility Room
  • Location2: County, Water View Year Round, Kentucky Lake
  • Main Level Sq Ft: 2291
  • Estimated Primary Bedroom Size: 16'2x16'2
  • Master Bed Level: M
  • Restrictions: Subdivision
  • Restrictions2: Y
  • Style: 1 Story
  • Tv Cable: Cable Available
  • Estimated Utility Size: 12'x6'
  • Utility Level: M
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 2007

Interior Features

  • Floor Covering: Carpet, Ceramic Tile, Concrete
  • Appliances: Dishwasher, Microwave, Refrigerator, Stove
  • Interior Amenities: Attic Storage, Ceiling Fan(s), Closet Light(s), Garage Door Opener, Smoke Alarm, Tray/Vaulted Ceiling, Walk-In Closet, Washer/Dryer Hookup, Workshop, Circuit Breakers, Ceilings 9+ feet
  • Total Bathrooms: 3
  • Basement: Exterior Entrance, Fully Finished, Interior Entrance, Walk Out
  • Dining Kitchen: Breakfast Area, Living/Dining
  • Estimated Total Sq Ft: 4091
  • Attic: Floored, Pull-Down Stairs
  • Bathroom Features: Separate Shower, Whirlpool
  • Bedroom 2 Level: M
  • Bedroom 3 Level: M
  • Dining Room Level: M
  • Doors and Windows: Thermal Pane Windows, Tilt Windows, Vinyl Frame
  • Great Room Level: M
  • HOA Frequency: Yearly
  • Kitchen Level: M
  • Full Bathrooms: 3
  • Number Of Bedrooms: 3
  • Walls: Dry Wall
  • Basement 2: Yes

Exterior Features

  • Construction: Concrete
  • Exterior Features: Circular Drive, Concrete Drive, Covered Porch, Dock - Covered, Exterior Lights, Patio, Sidewalks, Trees
  • Exterior Finish: Brick/Siding
  • Roof: Dimensional Shingle

Garage/Parking

  • Garage Type: Attached
  • Garage Capacity: 2

Utilities

  • Electric Company: Western KY RECC
  • Cooling: Heat Pump
  • Gas Company: Propane
  • Heating: Heat Pump
  • Sewer: Septic
  • Utilities Available: Garbage - Private, Natural Gas Available, DSL/High Speed Internet
  • Water: Water District
  • Water Company: Jonathan Creek
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Fees: 100
  • HOA: Y
  • HOA Includes: Common Ground

Lot Info

  • Lot Number: 65
  • Estimated Lot Size: 107x104x102x98
  • Estimated Number of Acres: 0.24
  • Easements: TVA/Corps of Engineers
  • Location: Waterfront

Tax Info

  • Tax District: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2020
Closed on
Oct 2, 2020
Sold by
Mcdonald Tracy J and Peyton Irrevocable Trust
Bought by
Bright Richard J and Richard J Bright Revocable Trust
Seller's Agent
Becky Ray
Park Avenue Properties
Buyer's Agent
Jeff Pierce
Better Homes & Gardens Fern Leaf Group
List Price
$650,000
Sold Price
$575,000
Premium/Discount to List
-$75,000
-11.54%
Current Estimated Value
$798,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,774
Avg. Annual Appreciation
6.16%
Original Mortgage
$312,500
Outstanding Balance
$276,061
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$522,713

Purchase Details

Closed on
Oct 5, 2016
Sold by
Mcdonald Tracy J and Mcdonald Harvey
Bought by
Mcdonald Tracy J and The Peyton Irrevocable Trust

Purchase Details

Closed on
Apr 30, 2015
Sold by
Peyton Jack W and Peyton Donna J
Bought by
Mcdonald Tracy J

Purchase Details

Closed on
Aug 18, 2006
Sold by
Stephenson Charles D and Stephenson Norma P
Bought by
Petyon Jack W and Petyon Donna J
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Bright Richard J $575,000 None Available
Mcdonald Tracy J -- None Available
Mcdonald Tracy J -- None Available
Petyon Jack W $95,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bright Richard J $312,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2020 10/02/20 Sold $575,000 -11.5% $141 / Sq Ft
06/15/2020 06/15/20 For Sale $650,000 -- $159 / Sq Ft
Source: Western Kentucky Regional MLS

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 $6,293 $635,000 $175,000 $460,000
2024 $6,388 $635,000 $175,000 $460,000
2023 $5,986 $575,000 $175,000 $400,000
2022 $6,227 $575,000 $175,000 $400,000
2021 $6,305 $575,000 $175,000 $400,000
2020 $4,074 $368,750 $90,000 $278,750
2019 $4,075 $368,750 $90,000 $278,750
2018 $4,091 $368,750 $90,000 $278,750
2017 $4,095 $368,750 $90,000 $278,750
2016 $4,101 $368,750 $90,000 $278,750
2015 $3,652 $368,750 $90,000 $278,750
2014 $3,655 $368,750 $0 $0
2010 -- $368,750 $90,000 $278,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Western Kentucky Regional MLS

MLS Number: 107964

Western Kentucky Regional MLS

APN: 76-0A-04-065.000000

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