NOT LISTED FOR SALE

86 Freedom Way Somerset, KY 42503

Estimated Value: $973,993

8 Beds
16 Baths
9,600 Sq Ft
$101/Sq Ft Est. Value

Last Sold July 21, 2023

Last sale price $850,000 $89 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $5,560/month

2 Days on Market

About This Home

As of July 2023

Calling all investors! What an opportunity!!! Two 4 plex brick buildings now on the market in a great location and all rented and ready for the new owners. Please call for your private showing today because this property is priced to SELL.

Last Agent to Sell the Property

Verlan Owens

Cumberland Realty Group & Auctions LLC License #212962 Listed on: 06/06/2023

Cumberland Realty Group & Auctions LLC

Last Buyer's Agent

Verlan Owens

Cumberland Realty Group & Auctions LLC License #212962 Listed on: 06/06/2023

Cumberland Realty Group & Auctions LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,934

Lot Details

  • 1 Acre Lot

Community Details

  • 2 Buildings
  • 8 Units
  • Rural Subdivision

Listing and Financial Details

  • Assessor Parcel Number 061-1-3-26 061-1-3-25

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,934

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 9999
  • New Construction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Lot Size Area: 1.0

Exterior Features

  • List Price: 989000.0

Lot Info

  • Lot Size Acres: 1.0
  • Lot Size Sq Ft: 43560.0
  • Parcel Number: 061-1-3-26 061-1-3-25
  • Zoning Description: Commercial

Multi Family

  • Number of Units Total: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2023
Closed on
Jul 21, 2023
Sold by
Fischer Steven J and Fischer Jan G
Bought by
Washam Investments Inc
Seller's Agent
Verlan Owens
Cumberland Realty Group & Auctions LLC
Buyer's Agent
Verlan Owens
Cumberland Realty Group & Auctions LLC
List Price
$989,000
Sold Price
$850,000
Premium/Discount to List
-$139,000
-14.05%
Views
13
Current Estimated Value
$973,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,993
Avg. Annual Appreciation
6.21%
Original Mortgage
$1,787,511
Outstanding Balance
$1,722,171
Interest Rate
6.71%
Mortgage Type
Construction
Estimated Equity
-$748,178
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Washam Investments Inc $850,000 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Washam Investments Inc $1,787,511
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2023 07/21/23 Sold $850,000 -14.1% $89 / Sq Ft
06/09/2023 06/09/23 Pending -- -- --
06/06/2023 06/06/23 For Sale $989,000 -- $103 / 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 $4,934 $425,000 $25,000 $400,000
2024 $1,070 $425,000 $25,000 $400,000
2023 $652 $250,000 $250,000 $0
2022 $2,973 $250,000 $250,000 $0
2021 $2,131 $180,000 $180,000 $0
2020 $480 $170,000 $170,000 $0
2019 $486 $170,000 $170,000 $0
2018 $484 $170,000 $170,000 $0
2017 $221 $170,000 $170,000 $0
2016 $483 $170,000 $170,000 $0
2015 $482 $170,000 $170,000 $0
2014 $479 $170,000 $170,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Verlan Owens

    Seller's Agent in 2023

    Verlan Owens

    RE/MAX

    (606) 305-8411

    28 in this area

    53 Total Sales

    Verlan Owens
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Map

Source: ImagineMLS (Bluegrass REALTORS®)

MLS Number: 23010374

ImagineMLS (Bluegrass REALTORS®)

APN: 061-1-3-26

Kentucky Pulaski County Somerset 42503

86 Freedom Way, Somerset, KY

This home is located at 86 Freedom Way, Somerset, KY 42503 since 06 June 2023 and is currently estimated at $973,993, approximately $101 per square foot. 86 Freedom Way is a home located in Pulaski County with nearby schools including Hopkins Elementary School, Meece Middle School, and Somerset High School.

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 2025 LBAR Multiple Listing Service. All Rights Reserved.

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