Introducing a fantastic opportunity to own a prime piece of land in Lancaster, KY - 55 River Run Drive! This 1.21-acre plot of cleared land is perfect for new construction and is situated in a rapidly growing neighborhood. Offering the perfect blend of rural charm and modern convenience being less than an hour from Lexington. With no HOA fees to worry about, and neighborhood building covenants and restrictions maintaining the area's high-quality appeal; this is an ideal location to build the home of your dreams. Located within the neighborhood of River Run Estates, this expansive lot provides ample space to create your perfect custom home and enjoy a sense of tranquility without sacrificing the convenience of nearby amenities. With electric connections already in place and public water... ...access, this land is ready for building and has already undergone a PERC test. The versatile 1+ acre size of this property offers plenty of space for your home, outdoor living areas, and landscaping to make your new residence a true oasis. The cleared land ensures minimal preparation work, so you can break ground as soon as your plans are approved. You are invited to show up at any time to tour the property and envision the potential it holds for your future. The build-to-suit nature of this opportunity means that your dream home can be designed and built exactly as you envision it. Don't let this incredible chance to build your perfect home in a growing neighborhood slip away - 55 River Run Drive is waiting for you. Act now to secure this fantastic investment and make your dreams a reality.
Property Details
Property Features
Listing Office:
Office Name: United Real Estate Louisville
Lot Features
Lot Information:
Lot: Cleared
Lot Size: 1.21 Acres
School Info
Assigned Schools Information:
Garrard County High School, Public District Grades 9-12
Garrard Middle School, Public District Grades 6-8
Camp Dick Robinson Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: FROM SOUTH ON US-27 ACROSS FROM KENTUCKY RIVER TURN RIGHT ONTO HWY-1845/ROGERS ROAD. HEAD STRAIGHT ABOUT .5 MILES AND MAKE A RIGHT INTO RIVER RUN SUBDIVISION. MAKE A RIGHT AT THE STOP SIGN, AND LOT IS 3RD ON THE RIGHT.
Price Information
Listing Price Info
Price Summary:
List Price: $77,000
What can I afford?
Understand what home price range makes sense for your budget.
MLS Details
MLS Information:
MLS Name: Metro Search (Greater Louisville Association of REALTORS®)
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$452
Per Month
Principal & Interest
$385
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
$297
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.
Elementary School
8
/10
Camp Dick Robinson Elementary School
7541 Lexington Rd
Distance between this listing and this school4.49 miles
Public District Grades PK-5
Middle School
4
/10
Garrard Middle School
304 W Maple Ave
Distance between this listing and this school9.36 miles
Public District Grades 6-8
High School
3
/10
Garrard County High School
599 Industry Rd
Distance between this listing and this school10.89 miles
Public District Grades 9-12
Assigned Schools
8
/10
Camp Dick Robinson Elementary School
7541 Lexington Rd
Distance between this listing and this school4.49 miles
Public District Grades PK-5
Nearby Schools
7
/10
Wilmore Elementary School
150 Campground Ln
Distance between this listing and this school7.23 miles
Public District Grades 1-5
5
/10
Rosenwald Dunbar Elementary School
1500 Wilmore Rd
Distance between this listing and this school9.14 miles
Public District Grades 1-5
Assigned Schools
4
/10
Garrard Middle School
304 W Maple Ave
Distance between this listing and this school9.36 miles
Public District Grades 6-8
Nearby Schools
5
/10
West Jessamine Middle School
1400 Wilmore Rd
Distance between this listing and this school9.15 miles
Public District Grades 6-8
2
/10
East Jessamine Middle School
901 Union Mill Rd
Distance between this listing and this school10.19 miles
Public District Grades 6-8
Assigned Schools
3
/10
Garrard County High School
599 Industry Rd
Distance between this listing and this school10.89 miles
Public District Grades 9-12
Nearby Schools
7
/10
West Jessamine High School
2101 Wilmore Rd
Distance between this listing and this school9.19 miles
Public District Grades 9-12
5
/10
East Jessamine High School
815 Sulphur Well Pike
Distance between this listing and this school9.38 miles
The neighbors living near this home have an average income of $61,923. Typical income of Garrard County, KY residents is between $35k-100k annually. The most common type of family is married, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 55 River Run Dr
What is the listing price of this property?
The listing price of 55 River Run Dr property is $77,000.
What type of property is this?
The property 55 River Run Dr is land located in Lancaster, Kentucky, 40444.
Is this property for sale now?
Active Listing: 55 River Run Dr is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 55 River Run Dr are: Camp Dick Robinson Elementary School: GreatSchools Rating 8/10Garrard Middle School: GreatSchools Rating 4/10Garrard County High School: GreatSchools Rating 3/10
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 55 River Run Dr in Lancaster, KY and zip code 40444. This home sits on a 1.21 acre lot. It has been listed on Rocket Homes since June 10, 2023 and is currently priced at $77,000.
Over 3 listings were sold over their listed price in April 2024 in Garrard County, KY. In the same period over 8 listings were sold below the listed price and 4 listings were sold for the listed price. The inventory of homes for sale in Garrard County, KY between March 2024 and April 2024 increased by 7.6%. In April 2024, listings were on the market for 50 days. During the same period, the median list price in this real estate market was $260,000.
From Rocket Homes Real Estate and based on county public records data.