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Sold for $120,000
  • Tax assessed value
    $120,000

    39747 State Highway 194 E, Phelps, KY 41553

    4beds
    2,356sqft
    SingleFamily
    Built in 1976
    4 Acres Lot
    $-- Zestimate®
    $51/sqft
    $1,753 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,753/mo

    Zestimate® history
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    What's special

    Gas fireplaceBack patio area
    Set On 5 acres , Prime Investment Opportunity Near the Hatfield-McCoy Trail System Located at 39747 State Highway 194 East, Phelps, KY 41553, this versatile property presents a rare opportunity for investors, short-term rental operators, or outdoor-enthusiast-focused buyers. Set on 5t acres of developed, build-ready land, the property offers both immediate livability and long-term expansion potential. The existing home features 4 bedrooms, 2 full bathrooms, and two separate living rooms, one anchored by a gas fireplace-ideal for group stays, multi-family use, or guest accommodations. The flexible layout supports strong rental appeal, particularly for large parties and trail riders seeking comfort after a day in the mountains. Strategically positioned exactly 11 miles from the Hatfield-McCoy Trail System in Matewan, WV, this property is further enhanced by a private access point for trail riders, allowing direct and convenient entry into the mountains an increasingly sought-after feature in the ATV and adventure tourism market. An Additional 2.25 acres (highlighted in the aerial photo) provide ample room for future development, whether for additional cabins, RV hookups, storage, or expanded rental infrastructure (subject to local regulations). With growing demand for trail-adjacent lodging, this property is well-positioned to generate consistent returns while maintaining strong resale value. Investment Highlights: 4 Bedrooms 2 Full Bathrooms MOVE IN READY New (black metal) roof, gutter systems, HVAC system, back patio area Two Living Rooms (one with gas fireplace) 2.02 ADDITIONAL Acres of developed, build-ready land Access point to trials directly on property Exactly 11 miles to Hatfield-McCoy Trail System (Matewan, WV) Private trail access point for riders Ideal for short-term rental, lodge-style use, or expansion This property combines land, location, and lifestylemaking it a compelling opportunity in one of the region's most active outdoor recreation corridors. OPTIONS FOR SELLING: Home & All property outright $300k Additional 2.25 acres only (Highlighted in aerial photo) $85K 3- Home side only (39747 KY-194 on map) $225K

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Heat pump
    Cooling
    • Central
    Features
    • Basement: Partially finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 2,356 sqft

    Property

    Parking
    • Parking features: Garage - Attached, Garage - Detached, Off-street
    Features
    • Exterior features: Brick
    Lot
    • Size: 4 Acres
    Details
    • Parcel number: 8461

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • masonry
    • Foundation: Concrete Block
    • Roof: Composition
    Condition
    • Year built: 1976

    Community & HOA

    Location
    • Region: Phelps

    Financial & listing details

    • Price per square foot: $51/sqft
    • Tax assessed value: $120,000
    • Annual tax amount: $1,643

    Price history

    DateEventPrice
    5/13/2026Listing removed--
    Source: Owner Report a problem
    2/23/2026Price change$285,000-5%$121/sqft
    Source: Owner Report a problem
    1/9/2026Listed for sale$300,000+150%$127/sqft
    Source: Owner Report a problem
    1/3/2024Sold$120,000$51/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$1,643 +185.2%$120,000 +41.2%
    2023$576 -9.1%$85,000
    2022$634 -0.3%$85,000
    2021$635 -2.8%$85,000
    2020$654 -0.3%$85,000
    2019$656 -3.6%$85,000
    2018$680 +0.7%$85,000
    2017$675 +21.9%$85,000
    2016$554 +9.3%$85,000
    2015$507 +4.3%$85,000
    2014$486 -4.8%$85,000
    2012$510 $85,000
    2009-- --
    2008-- $85,000
    Find assessor info on the county website

    Neighborhood: 41553

    Nearby schools

    GreatSchools rating
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