5 months on rocket

1025 Lakeway Dr, Russell Springs, KY, 42642

$550,000

Home List Price

$6,531*

Closing Credit

12 Bedrooms
6 Full Baths
Multi
Schools Nearby

Location

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1025 Lakeway Dr, Russell Springs$550,000

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking11 - 20 Spaces
Year Built1979
HeatingElectric
CoolingElectric
MLS #23021083
Lot Size0.37 Acres
StatusActive

About 1025 Lakeway Dr

Welcome to this updated 6-unit multifamily commercial property located near the picturesque Lake Cumberland in Russell Springs, Kentucky. This property offers a unique investment opportunity forthose seeking a lucrative venture. Residents of this property will enjoy easy access to a variety of recreational activities, including boating, fishing, and hiking. The serene surroundings and natural beauty of the area create a desirable living environment for tenants. Each unit within this multifamily property has been thoughtfully designed to provide comfortable and modern living spaces. Two newly renovated units feature spacious bedrooms, updated kitchens, and inviting living areas. Don't miss out on this chance to own a valuable piece of real estate in the thriving Kentucky market.

Property Details

Property Features

Property Information:

  • Year Built: 1979
  • Stories: 2

Listing Office:

  • Office Name: Coldwell Banker Legacy Group
  • Office Phone: (606) 678-4663

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 6
  • Total Bedroom Count: 12

Exterior Features

Parking Information:

  • Parking: 11 - 20 Spaces

Lot Features

Lot Information:

  • Lot Size: 0.37 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Electric

Other

Directions Information:

  • Directions: Exit 60 on Louis B Nunn Cumberland Parkway turn US-127 South then Right on Ky 430 Continue to 1025 Lakeway Drive.

Price Information

Listing Price Info

Price Summary:

  • List Price: $550,000

Tax Information:

  • Annual Amount: $1,974
  • Tax Year: 2021
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MLS Details

MLS Information:

  • MLS Number: #23021083

Listing Office:

  • Office Name: Coldwell Banker Legacy Group
  • Office Phone: (606) 678-4663

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 12:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Nov 23, 2015Home Sold
$200,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,974$200,000
2020$1,998$200,000
2018 - $200,000
2017 - $200,000

History based on county public records data.

Payment Calculator

$2,813

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1213327
7
/10

  • Russell Springs Elementary School

  • 1554 N Highway 127

  • 4.15 miles

  • Public District Grades PK-5

school-card-donut-1213328
6
/10

  • Salem Elementary School

  • 1409 S Highway 76

  • 5.07 miles

  • Public District Grades PK-5

school-card-donut-1213329
7
/10

  • Jamestown Elementary School

  • 342 S Main St

  • 5.41 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $15,179. Typical income of Russell County, KY residents is less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Kentucky›Russell County›Russell Springs›42642›1025 Lakeway Dr

This home is located at 1025 Lakeway Dr in Russell Springs, KY and zip code 42642. This home, which was built in 1979, sits on a 0.37 acre lot. Features: 12 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since October 31, 2023 and is currently priced at $550,000.

In March 2024, from all listings sold in Russell County, KY there were more than 0 sold above asking price, over 5 sold below and more than 0 were sold right at the asked price. In March 2024 in Russell County, KY there were 22.4% more homes for sale than in February 2024. While the average time on the market in March 2024 was 72 days, the median list price was $220,000.

From Rocket Homes Real Estate and based on county public records data.

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