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(SOLD) $249,900

507 Prospect Street Berea, KY  40403

  • 3 Beds
  • 2 Baths

Property Description for 507 Prospect Street Berea, KY 40403

Nestled in the vibrant heart of Berea, this charming 3 bedroom, 2 full bath home offers a perfect blend of comfort, style, and convenience! Just past Berea College, you will find this ideal property on a spacious corner lot that stands out with its inviting open concept floor plan, which seamlessly integrates living, cooking, and dining spaces, perfect for modern living! In addition, a versatile bonus room adds to the home's appeal, offering use as a formal dining room, home office, or a cozy den, depending on your lifestyle needs! The allure extends beyond the home's interior, with a great outdoor entertainment area, complete with a privacy fence that is perfect for gatherings and relaxation (and maybe a chicken or two ;). The property also boasts a 10x20 storage building, complete with electric, offering ample space for tools, hobbies, and additional storage needs. This home is not just a place to live; it's a haven that offers a perfect blend of functionality and charm where the seller has created SO many wonderful memories, and you will too! It's a must-see for anyone looking to find their dream home in Berea, Kentucky! Schedule your tour today!
QuickBuy option for home selling

Address:507 Prospect Street Berea KY 40403
Status:Sold
Sold On: 6/28/2024
Price:$249,900
Bedrooms:3 Beds
Bathrooms:2 Full Baths
Year Built:1992
Lot Size:0.26
County: Madison
School System : Madison County - 8
MLS #:24009169
Property Type:Single Family Residence

Lot Dimensions:11264
Water Source:Public
Directions:From Boone Tavern in Berea, take Prospect Street approximately .4 miles to the corner of Prospect and Dinsmore. Home will be on your left. Map app is correct.
Abv. Grnd. Sq. Ft. :1,721
Sq. Ft. Source:Public Records

Loan Price
$1,408
Price And Interest $1,304/month
Property Tax $0/month
MTG INS $0/month
HOME INS $104/month
Price
$249,900
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$1,248 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
Primary Bedroom Info Not Available
Bedroom Info Not Available
Bedroom Info Not Available
Full Bath Info Not Available
Full Bath Info Not Available
Kitchen Info Not Available
Dining Room Info Not Available
Living Room Info Not Available
Utility Room Info Not Available

Mandatory HOA Fee:$

Area: 008 - Madison County
City:Berea
Subdivision: Downtown
Zip Code:40403

School System:Madison County - 8
High School:Berea Community
Middle School:Berea Community
Elementary School:Berea Community

Interior Features:Eat-in Kitchen, Breakfast Bar, Dining Area, Bedroom First Floor, Ceiling Fan(s)
Exterior Type:Stone
Heat:Forced Air, Natural Gas
Total Rooms:4
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Anita Brown with Keller Williams Legacy Group

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





Berea, KY Market Report

88
Avg. DOM
$165.79
Avg. $ / Sq.Ft.
$ 266,950
Med. List Price

The house prices in Berea are indeed dropping at the moment. There has been a decrease in price of $995.02. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in Berea are going Down. The average house price is $259,900.00 and the average price per square feet is $165.79 per square feet. At the moment, the amount of homes listed is exactly 947 houses, with 94 with active status, 44 with pending status and 809 sold in Berea .

The most popular place to buy a home in Berea is 008 - Madison County. 008 - Madison County is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in Berea .

The average amount of property taxes you would have to pay for a home in Berea is $0.00. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in Berea are staying listed for an average of 76 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in Berea was 3497 minutes ago.

At the moment we have 6 open houses that you can visit.

The cost of the most expensive home in Berea is $829,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in Berea is $65,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in Berea in year 1930 and the newest built house is in year 9999.

The average size of properties in Berea is 17.32 sq.ft. , the biggest one being 1628 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.