725 Boone Place Morehead, KY 40351
Estimated payment $332/month
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.
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
Map
Home Values in the Area
Average Home Value in this Area
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 |
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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $35,000 | Attorney |
Source: ImagineMLS (Bluegrass REALTORS®)
MLS Number: 25506760
APN: 081-10-00-121.00
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