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(SOLD) $450,000

1285 E Laurel Road London, KY  40741

Property Description for 1285 E Laurel Road London, KY 40741

Remarkable business opportunity ! Prime location , amazing potential for multiple businesses in addition to 2 completed apartments , ready for occupancy !! Located on busy East Laurel Road,former Massey Ferguson dealership , this prime property was built by the sellers , retirement is reason for selling . Perfect for almost any type of retail business requiring space , visibility, convenient location to Hwy 192 and Hal Rogers Parkway . Over 6000 square feet of usable space , this property , situated on an acre of land , could not be built for asking price . In addition to a 3 BR , 2 full bath apartment on upper level , there is a first floor 4 bedroom apartment complete with extra large family room . A few of the amenities include new flooring , new gas furnace , completely equipped kitchens in both apartments Plenty of room at entrance to building for retail business of choice . Large outdoor 3200 square foot metal building provides even more income potential. All of this ,plus a 1600 square foot garage , presently used for auto body work. Property is securely enclosed within a chain link fence . If you see the many possibilities offered by this unique property, don't wait !!

Address:1285 E Laurel Road London KY 40741
Status:Sold
Sold On: 12/4/2023
Price:$495,000
Bathrooms:0
Lot Size:1.00
County: Laurel
MLS #:22024882

Lot Dimensions:43560
Directions:East Laurel Road from Hwy 192, travel approximately 1 mile . Property is on the right . Look for company sign

Loan Price
$2,535
Price And Interest $2,347/month
Property Tax $0/month
MTG INS $0/month
HOME INS $188/month
Price
$450,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$2,256 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

Mandatory HOA Fee:$

Area: 044 - Laurel County
City:London
Subdivision: Rural
Zip Code:40741

Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Sue Thompson with WEICHERT REALTORS - Ford Brothers

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





London, KY Market Report

95
Avg. DOM
$333.33
Avg. $ / Sq.Ft.
$ 299,000
Med. List Price

The house prices in London are not dropping at the moment. There has been a increase in price of $9,796.67. There are several factors that can cause a price drop. Higher mortgage rates, lower demand, prices of comparable properties can all cause the price of a house to drop.

The housing market and house prices in London are going Up. The average house price is $299,450.00 and the average price per square feet is $333.33 per square feet. At the moment, the amount of homes listed is exactly 327 houses, with 108 with active status, 37 with pending status and 182 sold in London .

The most popular place to buy a home in London is 044 - Laurel County. 044 - Laurel County is where we have the most properties listed and there seems to be the most demand to buy a house. Some people love to live in the most popular areas of a city, and others prefer to live in an area that is less busy. Regardless of your preference, we have a vast variety of listings and agents to help you find a house in London .

The average amount of property taxes you would have to pay for a home in London is $0.00. It is important to consider property taxes when purchasing a home. Property taxes are tied to the value of the home. The more expensive the home is, the higher the taxes will be.

Properties in London are staying listed for an average of 93 days. A good way to tell if you are in a buyer's or seller's market is to look at the average days on market for homes in the area. A low number of average days on market indicate a seller's market whereas a high number of average days on market indicate a buyer's market.

The last home listed in London was 1736 minutes ago.

At the moment we have 6 open houses that you can visit.

The cost of the most expensive home in London is $1,850,000.00. There are several reasons to consider buying an expensive home. They typically have great amenities, will be in great condition, and have plenty of space inside and outside of the home. Expensive real estate usually appreciates very fast, making it a good investment if you can afford it.

The cost of the cheapest home in London is $85,000.00 . Buying a cheap house can have many benefits including keeping your payments low, allowing more room in your budget to customize or improve the house, as well as allowing you to pay of your mortgage faster.

The date of the oldest built home in London in year 1913 and the newest built house is in year 9999.

The average size of properties in London is 2.78 sq.ft. , the biggest one being 300 sq.ft. and the smaller being 0 sq.ft. . The size of your family and budget are important factors to consider when purchasing a home.