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$45,000 $10,000on 11/7/2024

5124 Bee Creek Road Corbin, KY  40701

  • 1 Beds
  • 1 Baths

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Property Description for 5124 Bee Creek Road Corbin, KY 40701

Unlock the potential of this unique investment opportunity featuring a cabin situated on .82 acres of scenic land. Though currently uninhabitable and in need of a complete remodel, this property offers a promising canvas for transformation. Located just 7 minutes from Laurel Lake and 6 minutes from the Mouth of Laurel Boat Ramp, it is perfectly positioned for those seeking adventure and tranquility. Enjoy the benefits of being close to Laurel Lake, a popular spot for water activities, and the nearby Mouth of Laurel Boat Ramp on the Cumberland River. The property is also just a short walk or drive from the stunning Daniel Boone National Forest, offering endless outdoor recreation opportunities. Given the property's location and the growing interest in vacation rentals near natural attractions, this investment offers significant upside potential. Renovate and market it as a serene getaway or long-term rental in a sought-after area. Shown by appointment only

Address:5124 Bee Creek Road Corbin KY 40701
Status:Active
on site: 69 days
Price:$45,000
Bedrooms:1 Beds
Bathrooms:1 Full Baths
Year Built:9999
Lot Size:0.82
County: Whitley
School System : Whitley County - 68
MLS #:24019297
Property Type:Single Family Residence

Lot Dimensions:35719
Lot Features:0
Water Source:Public
Directions:From I-75 Exit 25 take US-25W south 4.7 miles turn right on KY-1193(Bee Creek Rd) travel approx. 5 miles to Cabin on Right
Sq. Ft. Source:Public Records

Loan Price
$254
Price And Interest $235/month
Property Tax $0/month
MTG INS $0/month
HOME INS $19/month
Price
$45,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$228 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
11/07/24 $55,000 $45,000 -18.2%

RoomSizeLevel
Primary Bedroom Info Not Available
Full Bath Info Not Available
Living Room Info Not Available
Kitchen Info Not Available

Mandatory HOA Fee:$

Area: 068 - Whitley County
City:Corbin
Subdivision: Rural
Zip Code:40701

School System:Whitley County - 68
High School:Whitley County
Middle School:Whitley County
Elementary School:Oak Grove

Exterior Type:Wood Siding
Heat:None
Total Rooms:2
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

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Listing provided courtesy of Jason Rains 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.





Corbin, KY Market Report

93
Avg. DOM
$135.44
Avg. $ / Sq.Ft.
$ 262,200
Med. List Price

The house prices in Corbin are not dropping at the moment. There has been a increase in price of $65,060.12. 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 Corbin are going Up. The average house price is $274,900.00 and the average price per square feet is $135.44 per square feet. At the moment, the amount of homes listed is exactly 527 houses, with 87 with active status, 30 with pending status and 410 sold in Corbin .

The most popular place to buy a home in Corbin is 068 - Whitley County. 068 - Whitley 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 Corbin .

The average amount of property taxes you would have to pay for a home in Corbin 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 Corbin are staying listed for an average of 86 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 Corbin was 4983 minutes ago.

At the moment we have 3 open houses that you can visit.

The cost of the most expensive home in Corbin is $1,200,000.00. 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 Corbin is $40,000.00 . 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 Corbin in year 1949 and the newest built house is in year 9999.

The average size of properties in Corbin is 33.86 sq.ft. , the biggest one being 2946 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.