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1201 Cherry Grove Rd, Somerset, KY, 42501

$229,000

Home List Price

$2,719*

Closing Credit

2 Bedrooms
1 Full Bath
House

Location

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1201 Cherry Grove Rd, Somerset$229,000

Buyer Closing Credits

$2,719*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built2018
HeatingHeat Pump
CoolingHeat Pump
MLS #24019788
Lot Size5.04 Acres
StatusAccepting Backup Offers
(Contingent)

About 1201 Cherry Grove Rd

WOW! This is the private countryside retreat you have been searching for. Check out this spectacular Furnished house nestled on 5+/- acres of beautiful, unrestricted flat land. Built in 2018, this house has many modern amenities including an open floor plan and great natural lighting. The perfect Retirement, Vacation, or Investment property only minutes away from Lake Cumberland. Enjoy the views of the mountains & wildlife from your back porch or huge covered front patio. This property is connected to Southeastern Water Company so no need to worry about maintaining a well. There is a large storage room attached to the primary bedroom that would make a great space for a Master Bathroom! Schedule your showing today!!

Property Details

Property Features

Property Information:

  • Year Built: 2018
  • Stories: 1

Listing Office:

  • Office Name: Lake Cumberland Real Estate Professionals
  • Office Email: lcrealestatepros@gmail.com

Interior Features

Interior Information:

  • Flooring Type: Hardwood, Vinyl

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Lot Features

Lot Information:

  • Lot Size: 5.04 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Heat Pump

Other

Directions Information:

  • Directions: Turn off of HWY 914 onto Hwy 192, take a right onto Cherry Grove Rd. The property is a little over a mile on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $229,000

Tax Information:

  • Annual Amount: $658
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Somerset, KY.

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Somerset, KY

City

Med. Sold Price

$249.8K

Med. Price/SqFt

$75

Avg. Days On Market

62

# of Sold Homes

35

1201 Cherry Grove Rd vs Somerset

61 DAYS ON ROCKET

-1 Day

$229,000

-$20.8K Less

KEY TAKEAWAY

This property is $20.8K less than the Median Sold Price in Somerset, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24019788

Listing Office:

  • Office Name: Lake Cumberland Real Estate Professionals
  • Office Email: lcrealestatepros@gmail.com

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/18/2024, 12:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 13, 2012Home Sold
$30,000

Tax History

YEARPROP. TAXASSESSMENT
2021$658$80,000
2019$662$80,000
2018$277$33,000
2017$272$33,000

History based on county public records data.

Payment Calculator

$1,210

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$753

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-798796
8
/10

  • Hopkins Elementary School

  • 210 May St

  • 3.21 miles

  • Public District Grades PK-4

school-card-donut-798797
8
/10

  • Pulaski Elementary School

  • 107 W University Dr

  • 4.37 miles

  • Public District Grades KG-5

school-card-donut-798798
8
/10

  • Southern Elementary School

  • 198 Enterprise Dr

  • 5.09 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,725. The majority of Somerset, KY residents have income less than $35k annually. The majority of families are married, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Living In Somerset, KY

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Somerset, KY?

The housing landscape in Somerset, Pulaski, Kentucky, is characterized by a mix of single-family homes and multi-family residences, with single-family homes being the more prevalent. Architectural styles in the area range from traditional to contemporary, reflecting the region's historical roots and modern growth. The market composition includes a variety of living spaces, with a notable number of properties built in the latter half of the 20th century.

Is Somerset, KY a good place to live?

Somerset prides itself on its welcoming community atmosphere and the blend of small-town charm with growing urban amenities. The area is celebrated for its annual Master Musicians Festival, which showcases the rich cultural fabric and artistic talent within the community. Residents enjoy a lifestyle that balances outdoor recreation with cultural events, contributing to the area's unique character.

Are things conveniently located in Somerset, KY?

The community is served by a number of public schools, providing educational opportunities from elementary through high school levels. Healthcare services are available, with facilities offering primary care and specialized medical services. Somerset also features a public library system that supports the educational and informational needs of its residents. Retail and dining options in the area reflect the local culture, with a mix of national chains and locally-owned businesses.

What does the transportation in Somerset, KY look like?

Transportation in Somerset includes a network of roads that connect residents to nearby cities and attractions, with the Cumberland Parkway being a notable route for commuters. Public transportation options are available, providing residents with alternatives to private vehicle use. The community is also making strides in enhancing walkability in certain areas, promoting a pedestrian-friendly environment. While specific ride-sharing statistics are not mentioned, such services are typically available in urbanized areas.

Frequently Asked Questions About 1201 Cherry Grove Rd

What is the listing price of this property?

The listing price of 1201 Cherry Grove Rd property is $229,000.

What type of property is this?

The property 1201 Cherry Grove Rd is a house located in Somerset, Kentucky, 42501.

Is this property for sale now?

Accepting Backup Offers: 1201 Cherry Grove Rd is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $658 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on November 13, 2012 for $30,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1201 Cherry Grove Rd has 2 bedrooms and 1 bathroom.

Which year was this property built?

The year of construction for 1201 Cherry Grove Rd is 2018.

Rocket Homes›Kentucky›Pulaski County›Somerset›42501›1201 Cherry Grove Rd

This home is located at 1201 Cherry Grove Rd in Somerset, KY and zip code 42501. This home, which was built in 2018, sits on a 5.04 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since September 18, 2024 and is currently priced at $229,000.

In October 2024, from all listings sold in Somerset, KY there were more than 3 sold above asking price, over 30 sold below and more than 2 were sold right at the asked price. The number of listings in Somerset, KY increased by 9% between September 2024 and October 2024. The median list price of listings available in October 2024 was $249,833, while the average time on the real estate market was 62 days.

From Rocket Homes Real Estate and based on county public records data.

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