Looking for unrestricted mostly flat land? You have found the perfect corner lot. This land is ready for your home with some touch ups. Most of this lot has been excavated and trees cut. Per seller, land already has a septic tank from previous trailer that was on the land, a electric pole already in place and water available at the road. Call to view this rural piece of property before it is gone!
Property Details
Property Features
Listing Office:
Office Name: Revolution Realty, LLC
Office Phone: (606) 620-9777
Lot Features
Lot Information:
Lot Size: 1.50 Acres
Other
Directions Information:
Directions: from state hwy 1305 turn left onto old Way road. property on left.
Price Information
Listing Price Info
Price Summary:
List Price: $38,000
Tax Information:
Annual Amount: $58
Tax Year: 2019
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in London, KY.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$257
Per Month
Principal & Interest
$190
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$180
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Bush Elementary School
1832 E Laurel Rd
Distance between this listing and this school2.21 miles
Public District Grades PK-5
8
/10
Johnson Elementary School
1781 Mcwhorter Rd
Distance between this listing and this school4.07 miles
Public District Grades PK-5
9
/10
London Elementary School
600 N Main St
Distance between this listing and this school5.52 miles
Public District Grades PK-5
Nearby Schools
7
/10
North Laurel Middle School
101 Johnson Rd
Distance between this listing and this school3.61 miles
Public District Grades 6-8
5
/10
South Laurel Middle School
223 S Laurel Rd
Distance between this listing and this school5.01 miles
Public District Grades 6-8
6
/10
East Bernstadt Elementary School
296 E Highway 3094
Distance between this listing and this school8.09 miles
Public District Grades PK-8
Nearby Schools
5
/10
North Laurel High School
1300 East Daniel Boone
Distance between this listing and this school4.60 miles
Public District Grades 9-12
6
/10
South Laurel High School
201 S Laurel Rd
Distance between this listing and this school5.01 miles
Public District Grades 9-12
4
/10
Clay County High School
415 Clay County High Rd
Distance between this listing and this school12.59 miles
The neighbors living near this home have an average income of $49,773. The majority of London, KY residents have income less than $35k annually. The most common type of family is married, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1801 Old Way Rd
What is the listing price of this property?
The listing price of 1801 Old Way Rd property is $38,000.
What type of property is this?
The property 1801 Old Way Rd is land located in London, Kentucky, 40741.
Is this property for sale now?
Accepting Backup Offers: 1801 Old Way Rd is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What is the annual property tax for this property?
According to the records, the last property tax for 2019 is $58 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1801 Old Way Rd in London, KY and zip code 40741. This home sits on a 1.50 acre lot. It has been listed on Rocket Homes since April 06, 2024 and is currently priced at $38,000.
In April 2024, from all listings sold in London, KY there were more than 3 sold above asking price, over 13 sold below and more than 5 were sold right at the asked price. Between March 2024 and April 2024, London, KY real estate market has seen increase in the number of listings by 12.9%. While the average time on the market in April 2024 was 71 days, the median list price was $221,166.
From Rocket Homes Real Estate and based on county public records data.