Tract 5 offers 3.94 acres in the newest development in the Slate Branch area off Newell Rd. Scenic View Estates offers very light restrictions that gives you the opportunity to build your dream barndo, farm house or a vacation get away close to the lake and Slate Branch boat ram
Property Details
Property Features
Listing Office:
Office Name: Weichert Realtors Ford Brothers, Inc.
Office Phone: (606) 679-2656
Lot Features
Lot Information:
Lot Size: 3.94 Acres
Other
Directions Information:
Directions: From the 914 bypass turn onto Slate Branch Rd. for about 5 miles then left onto Newell Rd. the development will be at the end of the road, signs posted
Price Information
Listing Price Info
Price Summary:
List Price: $59,000
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.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$362
Per Month
Principal & Interest
$295
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$243
Powered By
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Southern Elementary School
198 Enterprise Dr
Distance between this listing and this school4.00 miles
Public District Grades KG-5
7
/10
Burnside Elementary School
435 E Lakeshore Dr
Distance between this listing and this school4.01 miles
Public District Grades PK-5
10
/10
Oak Hill Elementary School
1755 Wtlo Rd
Distance between this listing and this school4.70 miles
Public District Grades KG-5
Nearby Schools
9
/10
Southern Middle School
200 Enterprise Dr
Distance between this listing and this school3.90 miles
Public District Grades 6-8
6
/10
Meece Middle School
210 Barnett St
Distance between this listing and this school8.40 miles
Public District Grades 5-8
7
/10
Northern Middle School
650 Oak Leaf Ln
Distance between this listing and this school9.16 miles
Public District Grades 6-8
Nearby Schools
6
/10
Southwestern High School
1765 Wtlo Rd
Distance between this listing and this school4.67 miles
Public District Grades 9-12
2
/10
Pulaski Day Treatment~Eagle Academy
300 Chandler St
Distance between this listing and this school7.20 miles
Public District Grades 6-12
6
/10
Somerset High School
301 College St
Distance between this listing and this school7.96 miles
The neighbors living near this home have an average income of $69,811. Residents of Somerset, KY typically earn between $35k-100k each year. Residents typically live in married, no kids family. Typical level of education for residents in this area is post secondary degree.
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 TRACT5 Newell Rd
What is the listing price of this property?
The listing price of TRACT5 Newell Rd property is $59,000.
What type of property is this?
The property TRACT5 Newell Rd is land located in Somerset, Kentucky, 42503.
Is this property for sale now?
Active Listing: TRACT5 Newell Rd is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at TRACT5 Newell Rd in Somerset, KY and zip code 42503. This home sits on a 3.94 acre lot. It has been listed on Rocket Homes since November 15, 2024 and is currently priced at $59,000.
In November 2024, from all listings sold in Somerset, KY there were more than 2 sold above asking price, over 23 sold below and more than 2 were sold right at the asked price. The number of homes for sale in Somerset, KY increased by 2.8% between October 2024 and November 2024. Listings spent 63 days on the market in November 2024, and had a median list price of $250,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.
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.
Soccer
Soccer
Extreme Sports
NASCAR
Old Navy
Academy Sports & Outdoors
Dollar General
Jimmy Johns
Little Caesars
Cracker Barrel
GMC
Chevrolet
Ram
New Country
Country