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502 W 3rd St, Corbin, KY, 40701

$115,000

Home List Price

$1,366*

Closing Credit

2 Bedrooms
1 Full Bath
House

Location

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502 W 3rd St, Corbin$115,000

Buyer Closing Credits

$1,366*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built1959
HeatingNatural Gas, Forced Air
CoolingHeat Pump, Electric
BasementYes
MLS #24024529
Lot Size0.14 Acres
StatusActive

About 502 W 3rd St

Charming and timeless, this 2 bedroom, 1 bathroom brick home sits in the heart of downtown Corbin; centrally located to almost everything Corbin has to offer. The spacious living room flows seamlessly into a cozy dining room, both showcasing beautiful original hardwood floors. The primary bedroom features a convenient second door leading directly to the kitchen-perfect for those late night snack runs! The basement offers ample space for storage, laundry, or hobbies, while the built-in storage area beneath the deck provides a practical solution for outdoor equipment and more. This property would be perfect for those looking for their first home, looking to downsize, or adding to your rental portfolio.

Property Details

Property Features

Property Information:

  • Year Built: 1959
  • Stories: 1

Listing Office:

  • Office Name: Sallie Davidson, Realtors
  • Office Phone: (606) 877-3000

Interior Features

Interior Information:

  • Appliances: Microwave, Refrigerator, Range
  • Basement: Yes
  • Flooring Type: Hardwood, Laminate
  • Interior: Dining Area, Primary First Floor, Bedroom First Floor, Ceiling Fan(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Porch

Parking Information:

  • Parking: Driveway

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Heat Pump, Electric

Other

Directions Information:

  • Directions: From Central Baptist Church on S KY Ave, turn right onto W 4th St. Continue .2 mi then turn right onto S Sycamore St. Continue .03 mi then turn right onto W 3rd St. The property will be on the left at the corner of W 3rd St and Gilliam St. The driveway is behind the home and entrance is on Gilliam St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $115,000

Tax Information:

  • Annual Amount: $197
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Corbin, KY.

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Corbin, KY

City

Med. Sold Price

$200K

Med. Price/SqFt

$43

Avg. Days On Market

56

# of Sold Homes

12

502 W 3rd St vs Corbin

52 DAYS ON ROCKET

-4 Days

$115,000

-$85K Less

KEY TAKEAWAY

This property is $85K less than the Median Sold Price in Corbin, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24024529

Listing Office:

  • Office Name: Sallie Davidson, Realtors
  • Office Phone: (606) 877-3000

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. © 2025 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: 1/13/2025, 8:21:00 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

Oct 06, 2008Home Sold
$22,000

Tax History

YEARPROP. TAXASSESSMENT
2020$197$55,000
2019$197$55,000
2017 - $49,900

History based on county public records data.

Payment Calculator

$641

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$411

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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-2237436
8
/10

  • Corbin Primary School

  • 3551 5th Street Rd

  • 2.95 miles

  • Public District Grades KG-3

school-card-donut-2237437
10
/10

  • Hunter Hills Elementary School

  • 8325 S US 25

  • 3.69 miles

  • Public District Grades PK-5

school-card-donut-2237438
8
/10

  • Oak Grove Elementary School

  • 4505 Cumberland Falls Hwy

  • 4.43 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,703. The majority of Corbin, KY residents have income less than $35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Living In Corbin, KY

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Corbin, KY.

The housing landscape in Corbin, Kentucky, features a selection of single-family homes, which are prevalent, reflecting the area's suburban character. Architectural styles vary, with a mix of traditional and ranch-style homes commonly found. The market also includes a modest number of apartments and townhouses, providing options for different housing needs. The majority of homes were built in the latter half of the 20th century, with a focus on family living spaces.

What is it like to live in Corbin, KY?

Corbin is celebrated for its small-town charm and close-knit community atmosphere. The city takes pride in its rich history and cultural heritage, with annual events that bring residents together to celebrate local traditions and foster a sense of community. The downtown area retains a quaint character, with local businesses and historic buildings that contribute to the city's unique identity.

Is it easy to get around Corbin, KY without a car?

Corbin offers a range of essential services to its residents. The educational system includes several public schools, catering to different age groups, and a few private institutions that complement the public offerings. Healthcare is accessible through local clinics and a regional hospital that provides various medical services. The city also has a public library system that serves as a resource for education and community engagement. Retail and dining options reflect the local culture, with a mix of family-owned shops and restaurants.

Transportation in Corbin, KY.

Transportation in Corbin includes a network of roads that connect residents to nearby cities and attractions. While public transit options are limited, the community is served by a few bus routes that facilitate local travel. The area is moderately walkable, with certain neighborhoods offering more pedestrian-friendly environments. For those relying on private transport, major highways provide convenient access for commuting and travel. The city is also accessible to ride-sharing services, enhancing mobility for residents and visitors.

Frequently Asked Questions About 502 W 3rd St

What is the listing price of this property?

The listing price of 502 W 3rd St property is $115,000.

What type of property is this?

The property 502 W 3rd St is a house located in Corbin, Kentucky, 40701.

Is this property for sale now?

Active Listing: 502 W 3rd St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $197 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on October 6, 2008 for $22,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 502 W 3rd St has 2 bedrooms and 1 bathroom.

Which year was this property built?

The year of construction for 502 W 3rd St is 1959.

Rocket Homes›Kentucky›Whitley County›Corbin›40701›502 W 3rd St

This home is located at 502 W 3rd St in Corbin, KY and zip code 40701. This home, which was built in 1959, sits on a 0.14 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since November 22, 2024 and is currently priced at $115,000.

While more than 4 listings in Corbin, KY in December 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 6 were sold below. The inventory of homes for sale in Corbin, KY between November 2024 and December 2024 decreased by 1.8%. While the average time on the market in December 2024 was 56 days, the median list price was $200,000.

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

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