4 months on rocket

111 Lake Ridge Rd, Somerset, KY, 42503

$599,900

Home List Price

$7,124*

Closing Credit

5 Bedrooms
3 Full Baths, 1 Partial
House
Schools Nearby

Location

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111 Lake Ridge Rd, Somerset$599,900

Buyer Closing Credits

$7,124*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built2020
HeatingElectric, Heat Pump
CoolingElectric, Heat Pump
MLS #23023991
Lot Size0.55 Acres
StatusActive

About 111 Lake Ridge Rd

Amazing newer brick 5 bedroom, 3.5 bath home with seasonal lake view and 3,874 sq ft, situated in The Vue, one of the most desirable and newest developments in Somerset! When you walk through the door, you will find so many elegant touches and amenities to love! First you will see the open-concept living, kitchen, and dining areas, perfect for entertaining guests or relaxing after a day on the lake. The kitchen features granite countertops, all stainless appliances, and lots of cabinetry. The primary bedroom is on the main level and has a large walk-in closet and en suite bathroom with double vanity, soaking tub, and shower. Two more bedrooms are also located on the main level. Downstairs in the completely finished walk-out basement is a second living area, office, and two more bedrooms! Outdoors, the home features an expansive two-level deck with pool, and a patio with TV. Backyard is fenced. Home has a main-level 2 car garage and a smaller basement garage. Also has a additional 50' long parking area. There are so many amenities this home that it is hard to list them all. If you are looking for an elegant home in a convenient location, this could be the perfect home for you

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 2020
  • Stories: 1

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • Flooring Type: Laminate, Tile
  • Interior: Bedroom First Floor, Ceiling Fan(s), Dining Area, Eat-in Kitchen, Primary First Floor, Security System Owned, Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Exterior: Deck, Patio

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.55 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: From Hwy 914, take Slate Branch Rd. Continue to Lakefield. Turn left onto Lakefield. Follow to Lake Ridge Rd approximately 1 mile on left. House is 6th house on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $599,900

Tax Information:

  • Annual Amount: $3,148
  • 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

$244.9K

Avg. Days On Market

57

# of Sold Homes

41

111 Lake Ridge Rd vs Somerset

132 DAYS ON ROCKET

+75 Days

$599,900

+$354.9K More

KEY TAKEAWAY

This property is $354.9K more than the Median Sold Price in Somerset, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #23023991

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: 5/2/2024, 11:20:36 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$3,148$383,000

History based on county public records data.

Payment Calculator

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

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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-5051970
10
/10

  • Southern Elementary School

  • 198 Enterprise Dr

  • 2.29 miles

  • Public District Grades KG-5

school-card-donut-5051971
7
/10

  • Oak Hill Elementary School

  • 1755 Wtlo Rd

  • 3.40 miles

  • Public District Grades KG-5

school-card-donut-5051972
6
/10

  • Burnside Elementary School

  • 435 E Lakeshore Dr

  • 3.62 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 $49,077. Residents of Somerset, KY typically earn between $35k-100k each year. Typical family type is married, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 111 Lake Ridge Rd

What is the listing price of this property?

The listing price of 111 Lake Ridge Rd property is $599,900.

What type of property is this?

The property 111 Lake Ridge Rd is a house located in Somerset, Kentucky, 42503.

Is this property for sale now?

Active Listing: 111 Lake Ridge 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 $3,148 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 111 Lake Ridge Rd has 5 bedrooms and 3 full and 1 half bathrooms.

Which year was this property built?

The year of construction for 111 Lake Ridge Rd is 2020.

Rocket Homes›Kentucky›Pulaski County›Somerset›42503›111 Lake Ridge Rd

This home is located at 111 Lake Ridge Rd in Somerset, KY and zip code 42503. This home, which was built in 2020, sits on a 0.55 acre lot. Features: 5 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since December 22, 2023 and is currently priced at $599,900.

While more than 1 listings in Somerset, KY in April 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 34 were sold below. Between March 2024 and April 2024, Somerset, KY real estate market has seen increase in the number of listings by 6.2%. The median list price of listings available in April 2024 was $244,983, while the average time on the real estate market was 57 days.

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

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