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314 Lake Forest Dr, Somerset, KY, 42503

$579,000

Home List Price

$6,876*

Closing Credit

4 Bedrooms
3 Full Baths, 1 Partial
House
Schools Nearby

Location

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314 Lake Forest Dr, Somerset$579,000

Buyer Closing Credits

$6,876*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built2004
HeatingHeat Pump
CoolingElectric
BasementYes
MLS #24004996
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

Property Details

Property Features

Property Information:

  • Year Built: 2004
  • Stories: 1

Listing Office:

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

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • Basement: Yes
  • Flooring Type: Carpet, Hardwood, Laminate, Tile

Bedroom and Bathroom Information:

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

Exterior Features

Exterior Information:

  • Exterior: Deck, Patio

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: $579,000

Tax Information:

  • Annual Amount: $2,343
  • 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

$245K

Avg. Days On Market

62

# of Sold Homes

33

314 Lake Forest Dr vs Somerset

39 DAYS ON ROCKET

-23 Days

$579,000

+$334K More

KEY TAKEAWAY

This property is $334K more than the Median Sold Price in Somerset, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24004996

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. © 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: 4/27/2024, 6:25:19 AM 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

$2,957

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,802

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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-1054111
7
/10

  • Oak Hill Elementary School

  • 1755 Wtlo Rd

  • 3.86 miles

  • Public District Grades KG-5

school-card-donut-1054112
10
/10

  • Southern Elementary School

  • 198 Enterprise Dr

  • 4.44 miles

  • Public District Grades KG-5

school-card-donut-1054113
6
/10

  • Nancy Elementary School

  • 240 Highway 196

  • 5.01 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 most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

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 $579,000.

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 March 19, 2024 and is currently priced at $579,000.

Over 4 listings were sold over their listed price in March 2024 in Somerset, KY. In the same period over 22 listings were sold below the listed price and 7 listings were sold for the listed price. The inventory of homes for sale in Somerset, KY between February 2024 and March 2024 increased by 22.4%. While the average time on the market in March 2024 was 62 days, the median list price was $245,000.

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

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