$44,900 Price Analysis Stillwater Lot 87Russell Springs, KY 42642 Unknown bed 0 bath unknown SqFt ($0/SqFt) 0.49 acre lot. Listed 2024-02-01 | Ⓧ USDA Ineligible due to property near Russell Springs |
Stillwater is a gater community about 10 mills from Russell Springs and 30 minutes to Somerset off the Cumberland Parkway. Lake Cumberland Marina is about 15 minuts away. This half acre lot is on a quiet loop in a cul-de-sac. The lots were initially sold (or oversold) in 'Grand Opening Day Sale' fashion, the true open market value of t is coming to light. Statisically the average loss in Stillwater is about 39%. Th is lot sold originally for $91, 900! So at $49, 900 it's a good buy.
There is a community path to the lake and a 2-hole practice course. It is peacefull there. If you are a builder, there are exceptional opportunities to spec out some lake homes. In that loss, equity is still there. If you build, the home should absorb that loss dfference. Call me and we can talk more about all this, Some restrictions as there is no local zoning. Minimum square footage is 1800 sq ft. No livestock. No mobile homes. Campers on a limited basis. Barndominiums acceptable with approval if they meet the design and material requirements. Could be combined with lot 87 MLS 23021860 for a stellar lot.
Presented by Brad Bigelow, Realtor at
Century 21 Advantage, A Robins.
Property MLS #24001775 from BLUEGRASS
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.