2 months on rocket

850 Parkside Rd, London, KY, 40744

$1,944,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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850 Parkside Rd, London$1,944,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built9999
MLS #24017866
Lot Size51.81 Acres
StatusActive

About 850 Parkside Rd

Beautiful 51.80 acres, 5 rental homes, tobacco barn and 28 stall horse barn. This land is perfect for a development. The land lays perfectly for this. Great location between London and Corbin Ky. Located just off Hwy25 and hwy 1189. All rentals are presently month to month so rent can be increased at new owners discretion. This is an estate sale and Real Estate Broker is a Co-owner. This property has a cap rate of almost 4% if purchased at the listing price. Could be much more if rent is increased.

Property Details

Property Features

Property Information:

  • Year Built: 9999

Listing Office:

  • Office Name: Kentucky Wide Realty
  • Office Phone: (859) 224-4343

Lot Features

Lot Information:

  • Lot Size: 51.81 Acres

Other

Directions Information:

  • Directions: From London, head south on hwy 25 turn left onto hwy 1189. Property will be directly in front of you (colonial home) and everything to the left. Look for signs. The last home will be on the left where all other properties will be on the same side of Colonial home.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,944,000
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Housing Market Comparison

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

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London, KY

City

Med. Sold Price

$229.8K

Med. Price/SqFt

$118

Avg. Days On Market

55

# of Sold Homes

23

850 Parkside Rd vs London

81 DAYS ON ROCKET

+26 Days

$1,944,000

+$1.7M More

KEY TAKEAWAY

This property is $1.7M more than the Median Sold Price in London, KY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24017866

Listing Office:

  • Office Name: Kentucky Wide Realty
  • Office Phone: (859) 224-4343

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: 11/15/2024, 1:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$9,770

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,895

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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.

Nearby Schools

school-card-donut-371083
7
/10

  • Camp Ground Elementary School

  • 6800 Barbourville Rd

  • 2.60 miles

  • Public District Grades PK-5

school-card-donut-371084
10
/10

  • Sublimity Elementary School

  • 900 Sublimity School Rd

  • 3.20 miles

  • Public District Grades PK-5

school-card-donut-371085
10
/10

  • Bush Elementary School

  • 1832 E Laurel Rd

  • 3.41 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 $54,261. Most London, KY residents have annual incomes between $35k-100k. Most families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Kentucky›Laurel County›London›40744›850 Parkside Rd

This home is located at 850 Parkside Rd in London, KY and zip code 40744. This home, which was built in 9999, sits on a 51.81 acre lot. It has been listed on Rocket Homes since August 25, 2024 and is currently priced at $1,944,000.

While more than 4 listings in London, KY in October 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 16 were sold below. The number of listings in London, KY increased by 4.9% between September 2024 and October 2024. In October 2024, listings were on the market for 55 days. During the same period, the median list price in this real estate market was $229,833.

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

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