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191 Chapel Ln, Berea, KY, 40403

1beds
2baths
900sqft
$619,000
$688price/sqft
$3,953/moest. monthly cost
$158,120/yrincome needed

About This Home

PHOTOS ARE VIRTUALLY STAGED to offer ideas for potential uses. Rare opportunity to own a truly unique 47+/- acre nature lover's paradise just 5 minutes from I-75, Exit 77 in Berea. Completely fenced with wire fencing, this versatile property offers an incredible blend of recreation, privacy, water features, open land, and wooded acreage. Enjoy two 30-foot-deep lakes stocked with bass, crappie, and bluegill, along with two fishing docks, lake views, and abundant wildlife including deer and turkey. Outdoor enthusiasts will appreciate the hunter's blind, deer feeder, wooded areas, hay fields, open clearings, and even the ability to practice target shooting from the rear deck. The property includes a 900 sq. ft. studio-style, open concept metal barndominium building featuring a kitchenette, laundry hookup, 1.5 baths, security system, and front and rear covered decks overlooking the scenic surroundings. With woods, fields, lake views, and Silver Creek located approximately one mile toward the rear of the property, the setting offers peaceful seclusion while still being conveniently accessible. The possibilities are wide open—use it as a sportsman's retreat, weekend getaway, Airbnb-style rental, business/office space, in-law or guest cottage, or explore future homesite potential with multiple clearings throughout the acreage. With good internet and cell service, this rare find combines rural beauty, recreational appeal, and practical convenience in one exceptional Berea property. ** Be sure to watch the property Video on this listing or on YouTube https://youtu.be/X9U4LWxVUdA ** NO manufactured homes may be placed on the property.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
1
BikeSomewhat Bikeable

Schools

9/10
Farristown Middle SchoolGrades 6-80.5 mi
8/10

Construction

Condition

  • Year built: 2013

Type & Style

  • Home type: SingleFamily
  • Architectural style: Barndominium,Ranch
  • Property subType: Farm

Interior

Bathroom1

  • Level: First

Bathroom2

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Finished area below ground: 0
  • Finished area above ground: 900

Great Room

  • Level: First

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 900
  • Total interior livable area: 900 sqft

Kitchen

  • Level: First

Master Bedroom

  • Level: First

Utility Room

  • Level: First

Property

Details

  • Parcel number: 0059000000343
  • Zoning: AR
  • Horse amenities: Pasture

Features

  • Levels: One
  • Fencing: Wire
  • Has view: Yes
  • View description: Rural,Trees/Woods,Farm,Lake,Water
  • Has water view: Yes
  • Water view: Lake,Water
  • Frontage type: Waterfront
  • Topography of land: Gentle Sloping, Wooded, Cleared

Lot

  • Lot size: 47.21 Acres
  • Features: Cleared,Irregular Lot,Wooded,Gentle Sloping

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningVery High
  • Cold Wave
    Cold WaveRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate

How This Home’s Risks Compare

Lightning
Cold Wave
Strong Wind
Tornado
Winter Weather
Hail
Inland Flooding
Ice Storm

FEMA Declared Disasters Across Kentucky Counties

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,130$37,560
Home Insurance *$303$3,636
Property Taxes $366$4,392
Electricity $154$1,850
Total$3,953$47,436
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$135,531/yr
40% on housing$118,590/yr
45% on housing$105,413/yr

Kentucky FAIR Plan Programs

Kentucky FAIR Plan Reinsurance Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,102Commercial: 175
Total Premiums$2.55M
Total Exposure$206.09M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.7%
6.7%
0%30.0%
Electricity Growth Rate10-year average: 6.0%
6.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$688This listing

vs Other Active Listings

Avg $/sqft

ZIP 40403$164
Madison County$164

vs Homes Sold Last Month

Median $/sqft

ZIP 40403$171
Madison County$177

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-21Listed for sale$619,000
2025-10-23Listing removed$625,000
2025-07-14Price change$625,000
2025-06-04Price change$675,000
2025-04-25Listed for sale$699,000

For Sale by Agent

AgentChristal Browning
BrokerageFour Seasons Realty

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