new - 3 days on rocket

314 Lake Forest Dr, Somerset, KY, 42503

$529,900

Home List Price

$6,293*

Closing Credit

4 Bedrooms
3 Full Baths, 1 Partial
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

314 Lake Forest Dr, Somerset$529,900

Buyer Closing Credits

$6,293*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built2004
HeatingHeat Pump
CoolingElectric
BasementYes
FireplaceFree Standing, Gas Fireplace, Kitchen
MLS #25000378
Lot Size0.62 Acres
StatusActive

About 314 Lake Forest Dr

What a beautiful brick in the lake community of Lake Forest. This home sits within walking distance of the community boat launch and is very close to Firebrook park with walking trails, play area and dog park along with the fire department. Home features include 3 bedrooms, 2.5 baths on the main level with open concept living room and dining. The large kitchen is equipped with ample cabinetry, stainless appliances, granite counters, a breakfast area and is convenient to Laundry room. Off the kitchen you have a large Florida room with lots of natural light and access to outside deck with egress. Attached 2 car garage at main level. The basement is finished out to include a full kitchen area with stainless appliances, a living room, the 4th bedroom and a full bathroom. A covered patio at the lower level provides relaxation and is perfect for entertaining. The lower garage is huge with lots of room for another car, lawn mower, workshop, tools and has a bar and can easily be a great entertaining/game room. Home provides an upper and lower driveway with nice curb appeal. New roof and gutters less than a year old.

Property Details

Property Features

Property Information:

  • Architectural Style: Craftsman
  • Year Built: 2004
  • Stories: 1

Listing Office:

  • Office Name: CENTURY 21 Advantage Realty
  • Office Phone: (606) 451-1021

Interior Features

Interior Information:

  • Appliances: Dishwasher, Refrigerator, Range, Microwave
  • Basement: Yes
  • Flooring Type: Carpet, Tile, Hardwood
  • Fireplace: Free Standing, Gas Fireplace, Kitchen

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.62 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Electric

Other

Directions Information:

  • Directions: Ferry road into Lake Forest. Home will be on the left with sign in yard

Price Information

Listing Price Info

Price Summary:

  • List Price: $529,900

Tax Information:

  • Annual Amount: $2,343
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Somerset, KY

City

Med. Sold Price

$251.8K

Med. Price/SqFt

$69

Avg. Days On Market

119

# of Sold Homes

20

314 Lake Forest Dr vs Somerset

3 DAYS ON ROCKET

-116 Days

$529,900

+$278K More

KEY TAKEAWAY

This property is $278K more than the Median Sold Price in Somerset, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #25000378

Listing Office:

  • Office Name: CENTURY 21 Advantage Realty
  • Office Phone: (606) 451-1021

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. © 2025 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: 1/11/2025, 1:21:01 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

Jul 29, 2010Home Sold
$270,000

Tax History

YEARPROP. TAXASSESSMENT
2021$2,343$285,000
2019$2,358$230,000
2018$1,935$230,000
2017$2,228$270,000

History based on county public records data.

Payment Calculator

$2,712

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,655

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

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-1910659
10
/10

  • Oak Hill Elementary School

  • 1755 Wtlo Rd

  • 3.87 miles

  • Public District Grades KG-5

school-card-donut-1910660
8
/10

  • Southern Elementary School

  • 198 Enterprise Dr

  • 4.44 miles

  • Public District Grades KG-5

school-card-donut-1910661
6
/10

  • Nancy Elementary School

  • 240 Highway 196

  • 5.12 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $69,811. The most common annual income of people living in Somerset, KY is between $35k-100k. The most common type of family is married, no kids. The majority of residents in this area have post secondary degree 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 314 Lake Forest Dr

What is the listing price of this property?

The listing price of 314 Lake Forest Dr property is $529,900.

What type of property is this?

The property 314 Lake Forest Dr is a house located in Somerset, Kentucky, 42503.

Is this property for sale now?

Active Listing: 314 Lake Forest Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,343 (source: MLS/based on county public records data).

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

The last sale was on July 29, 2010 for $270,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 314 Lake Forest Dr has 4 bedrooms and 3 full and 1 half bathrooms.

Which year was this property built?

The year of construction for 314 Lake Forest Dr is 2004.

Rocket Homes›Kentucky›Pulaski County›Somerset›42503›314 Lake Forest Dr

This home is located at 314 Lake Forest Dr in Somerset, KY and zip code 42503. This home, which was built in 2004, sits on a 0.62 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since January 07, 2025 and is currently priced at $529,900.

While more than 3 listings in Somerset, KY in December 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 16 were sold below. In December 2024 in Somerset, KY there were 6% more homes for sale than in November 2024. In December 2024, listings were on the market for 119 days. During the same period, the median list price in this real estate market was $251,812.

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

More Resources