NOT LISTED FOR SALE

8978 Ky Route 40 W Oil Springs, KY 41238

Estimated Value: $72,000 - $137,000

2 Beds
1 Bath
1,272 Sq Ft
$79/Sq Ft Est. Value

Last Sold October 15, 2021

Last sale price $67,000 $53 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $606/month

416 Days on Market

Highlights

  • Ranch Style House
  • Double Pane Windows
  • Central Air
  • Covered Patio or Porch
  • Outdoor Storage
  • Wood Siding

About This Home

As of October 2021

This is the perfect starter home! This home features a large dine-in kitchen, spacious bedrooms, and a large living room. It also has a room that could easily be converted to a third bedroom. A large back yard also features a storage building. This won't last long! Call to schedule your appointment today!

Last Agent to Sell the Property

Jeremy Duncan

Redd, Brown & Williams Real Estate Services(Paint) License #72422 Listed on: 06/29/2020

Last Buyer's Agent

Doug Wireman

First Choice Realty & Assoc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $717

Year Built

  • Built in 1960

Lot Details

  • 9,148 Sq Ft Lot

Home Design

  • Ranch Style House
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1,272 Sq Ft Home
  • Double Pane Windows
  • Crawl Space
  • Stove

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Johnson Central High School

Utilities

  • Central Air
  • Heat Pump System
  • Septic Tank

Home Details

Home Type

Single Family

Est. Annual Taxes

$717

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.21
  • Subdivision Name: None
  • Directions: From KY RT 40/US 460 intersection, take KY RT 40 for 8.5 miles. Property on your right. SIY
  • Above Grade Finished Sq Ft: 1272
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Stove
  • Has Basement: Crawl Space
  • Total Bedrooms: 2
  • Flooring: Carpet, Vinyl
  • Interior Amenities: 1st Floor Bedroom
  • Window Features: Double Pane Windows

Exterior Features

  • Disclosures: Sellers Disclosure
  • Construction Type: Wood Siding
  • Other Structures: Storage
  • Patio And Porch Features: Front Covered, Porch
  • Roof: Shingle

Garage/Parking

  • Attached Garage: No
  • Parking Features: None

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Heat Pump, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Schools

  • High School: Johnson Central

Lot Info

  • Lot Size Sq Ft: 9147.6
  • Zoning: None
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Above Grade Finished Area Units: Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2020
Closed on
Oct 15, 2021
Sold by
Johnson and Rebecca
Bought by
Patrick Natalie
Seller's Agent
Jeremy Duncan
Redd, Brown & Williams Real Estate Services(Paint)
Buyer's Agent
Doug Wireman
First Choice Realty & Assoc.
List Price
$75,000
Sold Price
$67,000
Premium/Discount to List
-$8,000
-10.67%
Current Estimated Value
$100,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$33,269
Avg. Annual Appreciation
12.62%
Original Mortgage
$64,990
Outstanding Balance
$60,050
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$45,815

Purchase Details

Closed on
Jan 11, 2007
Sold by
Patliff Gary Lee
Bought by
Johnson Bennie and Johnson Rebecca
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
Patrick Natalie $67,000 Limestone Title
Johnson Bennie $59,360 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patrick Natalie $64,990
Previous Owner Johnson Bennie J $58,829
Closed Patrick Natalie $5,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/15/2021 10/15/21 Sold $67,000 -10.7% $53 / Sq Ft
08/20/2021 08/20/21 Pending -- -- --
06/29/2020 06/29/20 For Sale $75,000 -- $59 / Sq Ft
Source: Eastern Kentucky Association of 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
2024 $717 $67,000 $0 $0
2023 $712 $67,000 $0 $0
2022 $702 $67,000 $10,000 $57,000
2021 $702 $67,800 $0 $0
2020 $661 $67,800 $10,000 $57,800
2019 $646 $67,800 $10,000 $57,800
2018 $639 $67,800 $10,000 $57,800
2017 $617 $67,800 $10,000 $57,800
2016 $623 $67,800 $10,000 $57,800
2015 $587 $65,000 $10,000 $55,000
2013 $502 $65,000 $10,000 $55,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jeremy Duncan

    Redd, Brown & Williams Real Estate Services(Paint)

    (606) 367-1151

    37 Total Sales

    Jeremy Duncan
    Section Image

  • D

    Buyer's Agent in 2021

    Doug Wireman

    First Choice Realty & Assoc.

    (606) 205-6630

    98 Total Sales

    Doug Wireman
    Section Image
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Map

Source: Eastern Kentucky Association of REALTORS®

MLS Number: 114073

APN: 009-01-01-005.00

Kentucky Johnson County 41238

8978 Ky Route 40 W, KY

This home is located at 8978 Ky Route 40 W, Oil Springs, KY 41238 since 29 June 2020 and is currently estimated at $100,269, approximately $78 per square foot. This property was built in 1960. 8978 Ky Route 40 W is a home located in Johnson County with nearby schools including Johnson Central High School.

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