$55,000
PENDING

725 Boone Place Morehead, KY 40351

Estimated payment $332/month

3 Beds
1 Bath
960 Sq Ft
$57 Price per Sq Ft

Highlights

  • Ranch Style House
  • Brick Veneer
  • Living Room
  • No HOA
  • Window Unit Cooling System
  • Bathroom on Main Level

About This Home

Discover a tremendous investment opportunity in Downtown Morehead! This 3-bedroom, 1-bathroom brick ranch is priced to reflect its current condition offering plenty of room for the improvements and repairs needed to bring it back to life. With its central location, great flat yard and included storage shed this property is ideal for investors, flippers or anyone looking for a project with strong potential. The home is heated with electric baseboard heat which is currently functional and two window A/C units are present; however the seller has no knowledge of their condition or operation. All appliances—including the washer and dryer—will remain with the property but the seller makes no guarantee regarding their functionality. This property is located in a flood area and will require flood insurance if you ever finance. Please note: this home will require extensive repairs including areas of missing subfloor. Inspections are welcome but selling AS IS. Cash or in-house/portfolio loans only—no secondary market financing will be considered including FHA, VA, USDA or Rural Housing. For safety and liability purposes the Hold Harmless form attached to the Seller Disclosure must be signed and returned to the listing agent prior to appointment approval and the listing agent must accompany all showings.

Listing Agent

Shannon Malone

HomeLand Real Estate Inc License #262698 Listed on: 11/22/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $506

Year Built

  • Built in 1995

Parking

  • Driveway

Home Design

  • Ranch Style House
  • Brick Veneer
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 960 Sq Ft Home
  • Living Room
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom

Schools

  • Rowan Co Elementary And Middle School
  • Rowan Co High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Additional Features

  • Shed
  • 8,712 Sq Ft Lot

Community Details

  • No Home Owners Association
  • Boone Hollan Subdivision

Listing and Financial Details

  • Assessor Parcel Number 081-10 00 121.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$506

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Single Family Residence
  • Architectural Style: Ranch
  • Structure Type: House
  • Year Built: 1995
  • Above Grade Finished Sq Ft: 960.0
  • Levels: One
  • Structure Type:House: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Architectural Style:Ranch: Yes
  • Foundation Details:Block3: Yes
  • Roof:Shingle: Yes
  • Cooling:Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Vinyl
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Basement: No
  • Total Bedrooms: 3
  • Fireplace: No
  • LivingArea: 960.0
  • Lot Size Area: 0.2

Exterior Features

  • Roof: Shingle
  • Construction Materials: Brick Veneer
  • Foundation Details: Block
  • Horse: No
  • List Price: 55000.0
  • Other Structures: Shed(s)
  • Pool Private: No
  • Waterfront: No
  • Construction Materials:Brick Veneer: Yes

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Heating: Baseboard, Electric
  • Cooling: Window Unit(s)
  • Cooling: Yes
  • Heating: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Rowan Co
  • High School: Rowan Co
  • Middle or Junior School: Rowan Co

Lot Info

  • Lot Size Acres: 0.2
  • Lot Size Sq Ft: 8712.0
  • Parcel Number: 081-10 00 121.00

Map

Range of Values:

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Value Increase
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Percent Increase
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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

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 $506 $60,500 $12,500 $48,000
2024 $348 $40,800 $12,000 $28,800
2023 $348 $40,800 $12,000 $28,800
2022 $353 $40,800 $12,000 $28,800
2021 $361 $40,800 $12,000 $28,800
2020 $316 $35,000 $0 $35,000
2019 $319 $35,000 $0 $35,000
2018 $318 $35,000 $0 $35,000
2017 -- $39,000 $0 $39,000
2016 -- $39,000 $0 $39,000
2014 $330 $39,000 $0 $0
2013 $330 $39,000 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/22/2025 11/22/25 Pending -- -- --
11/22/2025 11/22/25 For Sale $55,000 -- $57 / Sq Ft
Source: ImagineMLS (Bluegrass REALTORS®)

Purchase History

Date Type Sale Price Title Company
Deed $35,000 Attorney
Source: Public Records

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 25506760

ImagineMLS (Bluegrass REALTORS®)

APN: 081-10-00-121.00