Frequently Asked Questions

Are house prices dropping in Somerset?

The house prices in Somerset are indeed dropping at the moment. There has been a decrease in price of $0.00. 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.

What is the housing market like in Somerset at this time?

The housing market and house prices in Somerset are going down. The average house price is $189,000.00 and the average price per square feet is $105.04 per square foot. At the moment, there are 7 homes listed - 3 active, 0 pending, and 4 sold in Somerset.

What is the most popular place to buy a house in Somerset?

The most popular place to buy a home in Somerset is 8506 - Wabash - Waltz. 8506 - Wabash - Waltz has the most properties listed and appears to have the highest demand.

What is the amount of property taxes you have to pay for a house in Somerset?

The average amount of property taxes you would have to pay for a home in Somerset is $773.55. Property taxes are tied to the value of the home - the more expensive the home, the higher the taxes.

How fast are houses listed in Somerset being sold?

Properties in Somerset stay on the market for an average of 0 days. A lower number of days indicates a seller's market, while a higher number indicates a buyer's market.

How often are houses listed for sale in Somerset?

The last home listed in Somerset was 3003 minutes ago.

Can you visit houses in Somerset?

Currently, there are 0 open houses available for viewing in Somerset.

What is the most expensive house in Somerset?

The cost of the most expensive home in Somerset is $269,000.00. Expensive homes often come with better amenities, larger spaces, and faster appreciation.

What is the cheapest house in Somerset?

The cost of the cheapest home in Somerset is $59,900.00. Buying a cheaper home can keep payments low and leave room for customization.

How old are the homes in Somerset?

The oldest home in Somerset was built in 1955, and the newest in 1991.

How big are the homes in Somerset?

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The average property size in Somerset is 1616 sq.ft., the largest being 2664 sq.ft., and the smallest being 672 sq.ft.

Utility Options:

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Building Utilities:

Cable Available, Electricity Available, Sewer Available, Water Available

Directions:

From The Southeastern 914 Bypass Take 1247 For Approximately 2.4 Miles To Bend Of Lakes Road Travel 300 Feet To Cedar Grove Road Travel 250 Feet To Cedar Grove Esates Road The Lot Is On The Right The Lot Is Numbered

Tax and Financial Info

Quick View

Address:

Lot 8 Cedar Pointe Drive Somerset KY 42501

Status:

Active

On Site:

407 Days On Site

Price:

$40, 000

Lot Size:

0.57

County:

Pulaski

MLS #:

25010932

Property Type:

Unimproved Land

Community Information

Area:

905 Northeast Pulaski County

City:

Somerset

Subdivision:

Cedar Cove Estates

Zip Code:

42501

Active

$40,000

Beds

Baths

Sq. Ft.

Lot 8 Cedar Pointe Drive, Somerset, KY, 42501

Est. Payments: $0/mo

Land

Built in

407 days on Site

0.57 Lot Size

Additional Details

Contact Agent

Tucker Customer Care

F.C. Tucker Company, Inc.

(317) 954-4768

Description

Lake View Excellent Level Building Lot! Underground Utilites! Discover your perfect homesite in the prestigious Cedar Cove Estates community, ideally located between Burnside and Somerset. This level 0.58-acre lot offers a quiet neighborhood designed to protect your investment! Enjoy 10 minute access to Burnside Marina or Burnside Island ...

Source: LBAR as distributed by MLS GRID, MLS ID: 25010932

Listing provided courtesy of Lula Jean Burton with RE/MAX LakeTime Realty

Last Updated: 5/20/2026 | 9:39 PM

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About the Neighborhood

Zip Code 42501 is known for its calm, quiet environment with generally low noise levels and a relaxed atmosphere. The area features mostly single detached homes along with some mobile homes, offering a variety of architectural styles from different decades including the 1960s, 1970s, and 1990s. Secondary schools are conveniently accessible, adding to local educational resources. There are more than 50 restaurants providing diverse dining options throughout the neighborhood. Pharmacies are easily reached without a vehicle and generally carry staple food items, contributing convenience to everyday needs. This community supports easy access by car with plentiful parking and a short drive to a nearby highway.

Learn more about

Somerset Market Report

Avg. Days on Market

Avg. Price Per Sq. Ft.

163.26

Median List Price

$294,400

Homes Listed

Frequently Asked Questions

Contact Agent

Tucker Customer Care

F.C. Tucker Company, Inc.

(317) 954-4768

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