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2953 Gravel Lick Branch Road

2953 Gravel Lick Branch Road, Berea, KY 40403
House in Madison
Sold May 19, 2021
$249,900
$149,900 by Quicken Loans Llc
Mortgage Due Jun 01, 2036
Sold Jun 13, 2017
$173,500
$154,825 by Central Bank & Trust Co
Mortgage Due Jul 01, 2047
Local assessors in Berea, KY have categorized 2953 Gravel Lick Branch Road as a residential type of property. The property's lot size has been calculated to be 131,551 square feet. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2953 Gravel Lick Branch Road has a total of 1,980 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2953 Gravel Lick Branch Road sold most recently in May 14, 2021 for a total of $249,900. If you work out the math, that's approximately a cost of $126.21 per sqft. Before that, the property was also sold for $173,500 in Jun 9, 2017. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,569 in taxes each year. 2953 Gravel Lick Branch Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $349,900. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Brick Venner Exterior
Vinyl Siding

Parking

Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Bedroom Count: 0
  • Exterior Walls Type: Alum/Vinyl siding
  • Floor Count: 2
  • Basement Type: Unspecified basement
  • Basement Area: 1,320
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 131,551
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,980
  • Building Area: 1,980
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,980
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 3.02
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT 1-B (3.02 ACRES)

Ownership

  • Current Owner : SHOEMAKER MARK
  • Current Owner 2: SHOEMAKER MARTI LYNN
  • Previous Owner : GARRISON JAMES D
  • Previous Owner 2: GARRISON LINDSEY
  • Owner Before Previous Owner: MEANS JOHN
  • Owner Before Previous Owner 2: MEANS CLOYA BROOKE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Madison County School District
  • Census Tract: 011103

Geography

  • Account Number: 139546
  • District: 01
  • Subdivision Tract Number: 1
  • Parcel: 0113-0000-0011
  • Municipality: COUNTY
  • Latitude: 37.5866
  • Longitude: -84.1737

    Address

  • Full Address: 2953 Gravel Lick Branch Rd
  • Address - House Number: 2953
  • Address - Street Name: Gravel Lick Branch
  • Address - Suffix Type: Rd
  • State: KY
  • City Name: Berea
  • Carrier Code: R002
  • 4-Digit Zip Code: 8229
  • Zip Code: 40403

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,569
  • Tax Rate Code Area: 01

    Appraisal Valuation

  • Standard Deviation: 0.2357
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 67
  • Final Value: 320,633
  • High Value: 396,208
  • Low Value: 245,058

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $149,900
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: May 19, 2021
  • First Open Lien Mortgage Loan Amount: $149,900
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2036

    Market Valuation

  • Market Total Value: $349,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $349,900

    Sales

  • Current Sale Contract Date: May 14, 2021
  • Current Sale Recording Date: May 19, 2021
  • Current Sale Transaction ID: 11837061267
  • Current Sale Price: $249,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2014037387
  • Previous Sale Recording Date: Jun 13, 2017
  • Previous Sale Contract Date: Jun 09, 2017
  • Previous Sale Amount: $173,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS LLC
  • First Mortgage Transaction Date: May 19, 2021
  • First Mortgage Loan Amount: $149,900
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jun 01, 2036

    Previous Mortgages

  • Previous Mortgage Lender: CENTRAL BANK & TRUST CO
  • Previous Mortgage Transaction Date: Jun 13, 2017
  • Previous Mortgage Loan Amount: $154,825
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2047

About Madison



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Frequently Asked Questions

What neighborhood is 2953 Gravel Lick Branch Road located in?
The 2953 Gravel Lick Branch Road is a house located in the neighborhood of Madison in Madison, Berea.
What is the average sales price for listings in 2953 Gravel Lick Branch Road?
The average sales price for units in 2953 Gravel Lick Branch Road is $0 currently.

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