630 E Bourne Ave · Somerset, KY 42503

$195,000

3 bd · 1.0 ba · 1,540 sqft · SingleFamily public records · 130 Days on market

Built 1970 8,712 sqft lot $127/sqft · 41% above area Est $232k · 16% under

---

Why this score? — see what drove the F grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +14.8/15.0
• Cash flow +5.4/30.0
• Livability +3.4/5.0
• Schools +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.0/10.0
• DSCR +0.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

**Charming Modern Oasis in the Heart of the City!** Welcome to your dream home! This beautifully remodeled 4-bedroom, 3-bathroom gem is a perfect blend of contemporary elegance and cozy comfort, designed for today's discerning homeowner. Nestled in a prime location, this property offers not just a home, but a lifestyle—just steps away from downtown and all the vibrant city amenities you desire. **Key Features:** - **Spacious Living:** Step inside and be greeted by a generous floor plan that exudes warmth and style. The heart of the home is the large, open kitchen, perfect for both culinary adventures and family gatherings. With updated appliances, ample counter space, and a seamless flow into the dining and living areas, entertaining has never been easier. - **Stylish Updates:** This home boasts luxury vinyl plank flooring throughout, providing a modern look while ensuring durability. New lighting fixtures illuminate every corner, creating a bright and welcoming atmosphere. - **Serene Bedrooms:** Retreat to any of the four well-appointed bedrooms, each offering ample space and natural light. The master suite is a true sanctuary, featuring an ensuite bathroom that has been designed with relaxation in mind. - **Expansive Full Basement:** The full basement presents endless possibilities—create your dream entertainment space, a home gym, or additional storage. The options are limited only by your imagination! - **Outdoor Delight:** Enjoy the great outdoors in your nice, level lot, ideal for gardening, play, or simply unwinding after a long day. A charming storage building adds convenience, making organization a breeze. - **Prime Location:** Take advantage of being a stone's throw away from downtown, where trendy shops, delightful restaurants, and vibrant cultural events await. Walk to the park, enjoy a leisurely stroll through local markets, or savor a coffee at one of the nearby cafes—everything you need is just moments from your doorstep. **Additional Highlights:** - Recent renovation, ensuring all updates are modern and fresh - Energy-efficient features for lower utility costs - Ample parking space for guests - Family-friendly neighborhood with a strong sense of community This exceptional property is not just a house; it's a place to call home. Don't miss your chance to own this beautifully remodeled home that combines luxury, comfort, and convenience in one fabulous package. Schedule a private showing today and envision your future in this modern oasis!

Key facts

• Large open kitchen
• Nice level lot
• 8,712 sq ft lot

Tags

• LARGE OPEN KITCHEN
• LUXURY VINYL PLANK FLOORING
• EXPANSIVE FULL BASEMENT
• NICE LEVEL LOT
• CHARMING STORAGE BUILDING

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $195k.

Deal economics

• At list price, monthly cash flow is $-428 ($-5k/yr) — negative.
• To cash-flow at today's rent, offer at most $133k (31.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $116k (40.3% below list).
• Recommended offer: $116k (40.3% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 67/100 on livability (#208 in KY) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety B+, crime B; Watch: schools D+, amenities F, commute F.
• Somerset Independent (town): math 36% / reading 44% proficiency, ranked #42 of 165 in KY (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 291 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 100% of comp listings sitting > 30 days — soft ceiling on asking rent; 117 units permitted in Pulaski County in 2024 (50 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 130 days — a 12% lower offer ($172k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $30k; list at $195k implies a 550% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $116,446 (40.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 130 days. Have you received any prior offers? Is the seller open to a 40% concession, seller financing, or rate buy-down credit?
3. Built in 1970 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.60% ✗
• Cap rate: 3.66%
• Cash-on-cash: -9.40%
• DSCR: 0.58
• GRM: 14.0

CMA / ARV

• ARV (median comp): $232,453
• List price: $195,000
• Delta: -16.11%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
402 Clements Ave	0.28mi	3/2.0	1,500 (-3%)	1mo	$266,000	$177	77
628 Bourne Ave	0.02mi	4/2.0 (+1)	1,595 (+4%)	14mo	$195,000	$122	73
108 Grande Ave Ave	0.48mi	3/1.0	1,569 (+2%)	6mo	$169,000	$108	69
408 Clements Ave	0.28mi	3/2.0	1,386 (-10%)	4mo	$218,000	$157	63
152 Crawford Ave	0.32mi	2/1.0 (-1)	1,400 (-9%)	10mo	$185,000	$132	57
304 Tennessee Ave	0.25mi	3/3.0	1,608 (+4%)	20mo	$199,900	$124	56
200 Cotter Ave	0.43mi	3/2.0	1,736 (+13%)	6mo	$215,000	$124	50
114 Grande Ave	0.45mi	2/1.0 (-1)	1,400 (-9%)	20mo	$168,000	$120	42
107 Volunteer Dr	0.47mi	3/2.0	1,761 (+14%)	19mo	$300,000	$170	34
103 Jarvis Ave	0.52mi	2/1.0 (-1)	1,705 (+11%)	23mo	$76,500	$45	34
119 N Central Ave	0.69mi	3/1.0	1,736 (+13%)	16mo	$198,000	$114	33
127 Ashurst St	0.71mi	2/1.5 (-1)	1,348 (-12%)	12mo	$156,000	$116	29

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -33.1%
• Equity multiple: -0.08×
• Total profit: $-58,820
• Equity at exit: $29,075

10-year hold

• IRR: -39.8%
• Equity multiple: -0.58×
• Total profit: $-86,222
• Equity at exit: $16,860

Cash invested: $54,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Kentucky: 83 Strongly Landlord-Friendly · R+16
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit (URLTA cities); generally landlord-friendly.

Methodology + full state rankings →

ZIP-level market 42503

• Home prices YoY: -8.4%
• Active inventory: 291
• Price-to-rent: 14.0×

Monthly cashflow live

• Estimated rent: $1,164 medium
• Mortgage (P&I): −$1,023
• Tax est. 1.5%: −$244 /mo · $2,925/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$245
• Net cashflow: $-428

Break-even live

Break-even rent $1,706

Max offer price $133,114

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $48,750
• Closing costs: $5,850
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
108 Hines Addition Somerset, KY	3.0	1.0	1300	$1,100	$0.85	43d	1	0.34mi
207 Beecher St Unit 1 Somerset, KY	3.0	1.0	1500	$1,300	$0.87	43d	1	1.02mi
706 W Columbia St Somerset, KY	3.0	2.0	1400	$1,200	$0.86	43d	1	1.15mi

Listing history 21 events

1. 2026-06-18
   days on market $195,000 Active 130 DOM
2. 2026-06-17
   days on market $195,000 Active 129 DOM
3. 2026-06-16
   days on market $195,000 Active 128 DOM
4. 2026-06-15
   days on market $195,000 Active 127 DOM
5. 2026-06-13
   days on market $195,000 Active 125 DOM
6. 2026-06-12
   days on market $195,000 Active 124 DOM
7. 2026-06-09
   days on market $195,000 Active 121 DOM
8. 2026-06-08
   days on market $195,000 Active 120 DOM
9. 2026-06-07
   days on market $195,000 Active 119 DOM
10. 2026-06-07
    days on market $195,000 Active 118 DOM
11. 2026-06-04
    days on market $195,000 Active 115 DOM
12. 2026-06-02
    days on market $195,000 Active 114 DOM
13. 2026-06-01
    days on market $195,000 Active 113 DOM
14. 2026-05-31
    days on market $195,000 Active 112 DOM
15. 2026-05-31
    days on market $195,000 Active 111 DOM
16. 2026-04-30
    price $195,000 2525-char remark

    Show marketing remark (2525 chars)

    **Charming Modern Oasis in the Heart of the City!** Welcome to your dream home! This beautifully remodeled 4-bedroom, 3-bathroom gem is a perfect blend of contemporary elegance and cozy comfort, designed for today's discerning homeowner. Nestled in a prime location, this property offers not just a home, but a lifestyle—just steps away from downtown and all the vibrant city amenities you desire. **Key Features:** - **Spacious Living:** Step inside and be greeted by a generous floor plan that exudes warmth and style. The heart of the home is the large, open kitchen, perfect for both culinary adventures and family gatherings. With updated appliances, ample counter space, and a seamless flow into the dining and living areas, entertaining has never been easier. - **Stylish Updates:** This home boasts luxury vinyl plank flooring throughout, providing a modern look while ensuring durability. New lighting fixtures illuminate every corner, creating a bright and welcoming atmosphere. - **Serene Bedrooms:** Retreat to any of the four well-appointed bedrooms, each offering ample space and natural light. The master suite is a true sanctuary, featuring an ensuite bathroom that has been designed with relaxation in mind. - **Expansive Full Basement:** The full basement presents endless possibilities—create your dream entertainment space, a home gym, or additional storage. The options are limited only by your imagination! - **Outdoor Delight:** Enjoy the great outdoors in your nice, level lot, ideal for gardening, play, or simply unwinding after a long day. A charming storage building adds convenience, making organization a breeze. - **Prime Location:** Take advantage of being a stone's throw away from downtown, where trendy shops, delightful restaurants, and vibrant cultural events await. Walk to the park, enjoy a leisurely stroll through local markets, or savor a coffee at one of the nearby cafes—everything you need is just moments from your doorstep. **Additional Highlights:** - Recent renovation, ensuring all updates are modern and fresh - Energy-efficient features for lower utility costs - Ample parking space for guests - Family-friendly neighborhood with a strong sense of community This exceptional property is not just a house; it's a place to call home. Don't miss your chance to own this beautifully remodeled home that combines luxury, comfort, and convenience in one fabulous package. Schedule a private showing today and envision your future in this modern oasis!

17. 2026-02-26
    status Active 2525-char remark

    Show marketing remark (2525 chars)

    **Charming Modern Oasis in the Heart of the City!** Welcome to your dream home! This beautifully remodeled 4-bedroom, 3-bathroom gem is a perfect blend of contemporary elegance and cozy comfort, designed for today's discerning homeowner. Nestled in a prime location, this property offers not just a home, but a lifestyle—just steps away from downtown and all the vibrant city amenities you desire. **Key Features:** - **Spacious Living:** Step inside and be greeted by a generous floor plan that exudes warmth and style. The heart of the home is the large, open kitchen, perfect for both culinary adventures and family gatherings. With updated appliances, ample counter space, and a seamless flow into the dining and living areas, entertaining has never been easier. - **Stylish Updates:** This home boasts luxury vinyl plank flooring throughout, providing a modern look while ensuring durability. New lighting fixtures illuminate every corner, creating a bright and welcoming atmosphere. - **Serene Bedrooms:** Retreat to any of the four well-appointed bedrooms, each offering ample space and natural light. The master suite is a true sanctuary, featuring an ensuite bathroom that has been designed with relaxation in mind. - **Expansive Full Basement:** The full basement presents endless possibilities—create your dream entertainment space, a home gym, or additional storage. The options are limited only by your imagination! - **Outdoor Delight:** Enjoy the great outdoors in your nice, level lot, ideal for gardening, play, or simply unwinding after a long day. A charming storage building adds convenience, making organization a breeze. - **Prime Location:** Take advantage of being a stone's throw away from downtown, where trendy shops, delightful restaurants, and vibrant cultural events await. Walk to the park, enjoy a leisurely stroll through local markets, or savor a coffee at one of the nearby cafes—everything you need is just moments from your doorstep. **Additional Highlights:** - Recent renovation, ensuring all updates are modern and fresh - Energy-efficient features for lower utility costs - Ample parking space for guests - Family-friendly neighborhood with a strong sense of community This exceptional property is not just a house; it's a place to call home. Don't miss your chance to own this beautifully remodeled home that combines luxury, comfort, and convenience in one fabulous package. Schedule a private showing today and envision your future in this modern oasis!

18. 2026-02-18
    historical Contingent 2525-char remark

    Show marketing remark (2525 chars)

    **Charming Modern Oasis in the Heart of the City!** Welcome to your dream home! This beautifully remodeled 4-bedroom, 3-bathroom gem is a perfect blend of contemporary elegance and cozy comfort, designed for today's discerning homeowner. Nestled in a prime location, this property offers not just a home, but a lifestyle—just steps away from downtown and all the vibrant city amenities you desire. **Key Features:** - **Spacious Living:** Step inside and be greeted by a generous floor plan that exudes warmth and style. The heart of the home is the large, open kitchen, perfect for both culinary adventures and family gatherings. With updated appliances, ample counter space, and a seamless flow into the dining and living areas, entertaining has never been easier. - **Stylish Updates:** This home boasts luxury vinyl plank flooring throughout, providing a modern look while ensuring durability. New lighting fixtures illuminate every corner, creating a bright and welcoming atmosphere. - **Serene Bedrooms:** Retreat to any of the four well-appointed bedrooms, each offering ample space and natural light. The master suite is a true sanctuary, featuring an ensuite bathroom that has been designed with relaxation in mind. - **Expansive Full Basement:** The full basement presents endless possibilities—create your dream entertainment space, a home gym, or additional storage. The options are limited only by your imagination! - **Outdoor Delight:** Enjoy the great outdoors in your nice, level lot, ideal for gardening, play, or simply unwinding after a long day. A charming storage building adds convenience, making organization a breeze. - **Prime Location:** Take advantage of being a stone's throw away from downtown, where trendy shops, delightful restaurants, and vibrant cultural events await. Walk to the park, enjoy a leisurely stroll through local markets, or savor a coffee at one of the nearby cafes—everything you need is just moments from your doorstep. **Additional Highlights:** - Recent renovation, ensuring all updates are modern and fresh - Energy-efficient features for lower utility costs - Ample parking space for guests - Family-friendly neighborhood with a strong sense of community This exceptional property is not just a house; it's a place to call home. Don't miss your chance to own this beautifully remodeled home that combines luxury, comfort, and convenience in one fabulous package. Schedule a private showing today and envision your future in this modern oasis!

19. 2026-02-08
    listed $199,900 Active 2525-char remark

    Show marketing remark (2525 chars)

    **Charming Modern Oasis in the Heart of the City!** Welcome to your dream home! This beautifully remodeled 4-bedroom, 3-bathroom gem is a perfect blend of contemporary elegance and cozy comfort, designed for today's discerning homeowner. Nestled in a prime location, this property offers not just a home, but a lifestyle—just steps away from downtown and all the vibrant city amenities you desire. **Key Features:** - **Spacious Living:** Step inside and be greeted by a generous floor plan that exudes warmth and style. The heart of the home is the large, open kitchen, perfect for both culinary adventures and family gatherings. With updated appliances, ample counter space, and a seamless flow into the dining and living areas, entertaining has never been easier. - **Stylish Updates:** This home boasts luxury vinyl plank flooring throughout, providing a modern look while ensuring durability. New lighting fixtures illuminate every corner, creating a bright and welcoming atmosphere. - **Serene Bedrooms:** Retreat to any of the four well-appointed bedrooms, each offering ample space and natural light. The master suite is a true sanctuary, featuring an ensuite bathroom that has been designed with relaxation in mind. - **Expansive Full Basement:** The full basement presents endless possibilities—create your dream entertainment space, a home gym, or additional storage. The options are limited only by your imagination! - **Outdoor Delight:** Enjoy the great outdoors in your nice, level lot, ideal for gardening, play, or simply unwinding after a long day. A charming storage building adds convenience, making organization a breeze. - **Prime Location:** Take advantage of being a stone's throw away from downtown, where trendy shops, delightful restaurants, and vibrant cultural events await. Walk to the park, enjoy a leisurely stroll through local markets, or savor a coffee at one of the nearby cafes—everything you need is just moments from your doorstep. **Additional Highlights:** - Recent renovation, ensuring all updates are modern and fresh - Energy-efficient features for lower utility costs - Ample parking space for guests - Family-friendly neighborhood with a strong sense of community This exceptional property is not just a house; it's a place to call home. Don't miss your chance to own this beautifully remodeled home that combines luxury, comfort, and convenience in one fabulous package. Schedule a private showing today and envision your future in this modern oasis!

20. 2025-12-02
    listed $215,000 Active 114-char remark

    Show marketing remark (114 chars)

    This is a 4 bedroom, 3.0 bathroom, single family home. This home is located at 630 Bourne Ave, Somerset, KY 42501.

21. 2016-08-12
    soldstatus $30,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 5/10 Major 7 d/yr ≥102°F today · 20 d/yr by 30 yrs out
• 💨 Wind 3/10 Moderate 5% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,974
• − Mortgage interest: −$10,923
• − Property taxes: −$2,925
• − Insurance: −$975
• − Repairs & maintenance: −$1,118
• − Management: −$1,118
• − Depreciation: −$5,673
• Taxable loss: −$8,758
• Est. tax savings @ 24.0%: +$2,102
• After-tax cash flow: $-3,030/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Somerset Independent
• NCES district ID: 2105430
• Math proficiency: 36% ▼ -17.00%
• Reading proficiency: 44% ▼ -18.00%
• Median HH income: $28,554
• Composite: 32.42/100
• National rank: #5727
• State rank: #42 of 165 in KY

Livability — Somerset

• Score: 67/100
• State rank: #208
• US rank: #10207

Category grades

Amenities F Commute F Cost of living A+ Crime B Employment F Housing B Health & safety B+ User ratings C

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Somerset, KY
• Population (ZIP): 25,638

Population outlook (Pulaski County) Hauer SSP2

• Today (2025): 65,414 people
• By 2030: 65,828 · +0.6%
• By 2040: 65,972 · +0.9%
• By 2050: 65,108 · -0.5%
• By 2075: 61,647 · -5.8%
• By 2100: 53,613 · -18.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Hispanic / Latino 4% Two or more races 2% Asian 1%
• Common ancestry: Lithuanian 2% Italian 2% Slovak 1%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 3% Other Indo-European 1% Other Asian/Pacific 1%

Political lean MEDSL · Pulaski

• 2024 margin: Solid R (+65.2) · D 16.9% · R 82.1% · Other 1.0%
• 2008→2024 swing: -9.9pp toward R · 2008: -55.4pp · 2024: -65.2pp
• All cycles: 2024: R+65.2 2020: R+62.7 2016: R+66.7 2012: R+60.5 2008: R+55.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -27.16%
• Current HPI: 294.5958
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.81%
• F500 in state: 4

Industry mix (Fortune 500 HQ in KY)

Industry	F500 HQs	Revenue
▸Healthcare	1	$118B
▸Food / Beverage	1	$7B

Price history

+550.0% since first listed

6 events — show timeline

• 2026-04-30 Price Changed $195,000 ImagineMLS
• 2026-02-26 Relisted — ImagineMLS
• 2026-02-18 Contingent — ImagineMLS
• 2026-02-08 Listed $199,900 ImagineMLS
• 2025-12-02 Listed $215,000 Fizber.com
• 2016-08-12 Sold (Public Records) $30,000 Public Records

Property tax history

-5.5%/yr

Latest (2025): $172 · -2.7% YoY. Source: county tax records.