2 months on rocket

514 Parkers Mill Rd, Somerset, KY, 42501

$332,000

Home List Price

$3,943*

Closing Credit

3 Bedrooms
2 Full Baths
House

Location

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514 Parkers Mill Rd, Somerset$332,000

Buyer Closing Credits

$3,943*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built1985
HeatingElectric, Heat Pump
CoolingHeat Pump, Electric
BasementYes
MLS #24019074
Lot Size0.75 Acres
StatusActive

About 514 Parkers Mill Rd

Welcome to this beautifully renovated 3-bed, 2 bath brick home, where classic charm meets contemporary comfort. Boasting a formal living room and a spacious, beautiful kitchen with new appliances. The kitchen opens to a dining area, making meal times and entertaining a breeze.The expansive 14x28 family room is a standout feature. Adjacent to the family room, you'll find a large screened-in porch that extends your living space outdoors.With 1,600 sq ft of partially finished basement space, you'll have plenty of room for a variety of uses. The home features hardwood and tile flooring throughout and is equipped with a brand-new central heating and cooling system.Outside, you'll find a circle concrete driveway and a versatile 22x28 detached garage, perfect for a workshop or boat storage, in addition to an 18x24 attached garage. The fenced-in backyard offers privacy and space for outdoor activities on a generous lot size of 175x200.Located less than 5 miles from several boat ramps and conveniently close to shopping, dining, and more, this home combines convenience with tranquility. Don't miss your chance to make this fantastic property your new home!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1985
  • Stories: 1

Listing Office:

  • Office Name: Lake Cumberland Real Estate Professionals
  • Office Phone: (606) 677-0059

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Water Heater, Refrigerator, Range, Microwave
  • Basement: Yes
  • Flooring Type: Hardwood, Tile
  • Interior: Dining Area, Bedroom First Floor, Ceiling Fan(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Patio, Porch

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.75 Acres

Utilities

Utilities Information:

  • Heating: Electric, Heat Pump
  • Cooling: Heat Pump, Electric

Other

Directions Information:

  • Directions: Turn East at Stop light #22(Parkers Mill Road) go 1/4 mile to 514 Parkers Mill Road on left going East, or on right is going West. Sign in the yard.

Price Information

Listing Price Info

Price Summary:

  • List Price: $332,000

Tax Information:

  • Annual Amount: $736
  • 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

$250K

Med. Price/SqFt

$69

Avg. Days On Market

63

# of Sold Homes

27

514 Parkers Mill Rd vs Somerset

84 DAYS ON ROCKET

+21 Days

$332,000

+$82K More

KEY TAKEAWAY

This property is $82K more than the Median Sold Price in Somerset, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24019074

Listing Office:

  • Office Name: Lake Cumberland Real Estate Professionals
  • Office Phone: (606) 677-0059

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: 12/3/2024, 1:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$736$130,000
2019$751$110,000
2018$609$110,000
2017$597$110,000

History based on county public records data.

Payment Calculator

$1,724

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,062

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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-3509032
8
/10

  • Southern Elementary School

  • 198 Enterprise Dr

  • 0.37 miles

  • Public District Grades KG-5

school-card-donut-3509033
10
/10

  • Oak Hill Elementary School

  • 1755 Wtlo Rd

  • 2.68 miles

  • Public District Grades KG-5

school-card-donut-3509034
7
/10

  • Burnside Elementary School

  • 435 E Lakeshore Dr

  • 3.38 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 $39,600. Residents of Somerset, KY typically earn less than $35k each year. The majority of families are single, no kids. The majority of residents in this area 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.

Types of housing 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.

What is it like to live in Somerset, KY?

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.

Is it easy to get around Somerset, KY without a car?

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.

Transportation in Somerset, KY.

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 514 Parkers Mill Rd

What is the listing price of this property?

The listing price of 514 Parkers Mill Rd property is $332,000.

What type of property is this?

The property 514 Parkers Mill Rd is a house located in Somerset, Kentucky, 42501.

Is this property for sale now?

Active Listing: 514 Parkers Mill Rd 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 $736 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 514 Parkers Mill Rd has 3 bedrooms and 2 bathrooms.

Which year was this property built?

The year of construction for 514 Parkers Mill Rd is 1985.

Rocket Homes›Kentucky›Pulaski County›Somerset›42501›514 Parkers Mill Rd

This home is located at 514 Parkers Mill Rd in Somerset, KY and zip code 42501. This home, which was built in 1985, sits on a 0.75 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 10, 2024 and is currently priced at $332,000.

In November 2024 more than 2 listings in Somerset, KY were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 23 were sold below. The inventory of homes for sale in Somerset, KY between October 2024 and November 2024 increased by 2.8%. The median list price of listings available in November 2024 was $250,000, while the average time on the real estate market was 63 days.

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

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