new - 2 days on rocket

TRACT5 Newell Rd, Somerset, KY, 42503

$59,000

3.94 Acres
Land

Location

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Property Highlights

Home TypeVacant Lot
MLS #24024074
Lot Size3.94 Acres
StatusActive

About TRACT5 Newell Rd

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
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Housing Market Comparison

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

Med. Sold Price

$249.8K

Med. Price/SqFt

$75

Avg. Days On Market

62

# of Sold Homes

35

TRACT5 Newell Rd vs Somerset

2 DAYS ON ROCKET

-60 Days

$59,000

-$190.8K Less

KEY TAKEAWAY

This property is $190.8K less than the Median Sold Price in Somerset, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24024074

Listing Office:

  • Office Name: Weichert Realtors Ford Brothers, Inc.
  • Office Phone: (606) 679-2656

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, 8:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$362

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$243

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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-697394
8
/10
  • Southern Elementary School

  • 198 Enterprise Dr

  • 4.00 miles

  • Public District Grades KG-5

school-card-donut-697395
7
/10
  • Burnside Elementary School

  • 435 E Lakeshore Dr

  • 4.01 miles

  • Public District Grades PK-5

school-card-donut-697396
10
/10
  • Oak Hill Elementary School

  • 1755 Wtlo Rd

  • 4.70 miles

  • Public District Grades KG-5

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. Residents typically live in married, no kids family. 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 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.

How much acreage is this property?

The property TRACT5 Newell Rd is 3.94 acres.
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Rocket Homes›Kentucky›Pulaski County›Somerset›42503›TRACT5 Newell Rd

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.

While more than 3 listings in Somerset, KY in October 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 30 were sold below. Between September 2024 and October 2024, Somerset, KY real estate market has seen increase in the number of listings by 9%. While the average time on the market in October 2024 was 62 days, the median list price was $249,833.

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

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