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$1,376,000 ↓$34,400on 5/20/2024

518 Bailey Road Georgetown, KY  40324

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Property Description for 518 Bailey Road Georgetown, KY 40324

'Click on the Virtual Tour section to see the aerial video!' If you are looking for a farm with endless possibilities, then this is the one for you. Just five miles off US 62 on Bailey Road, this property consist of 344 +/- acres. The majority of this farm is wooded but does have a few open areas, with endless possibilities. The farm is currently in two parcels but could be further divided by the new owner. It would be a perfect place to build your dream home and still be able to enjoy your privacy. As you overlook the exceedingly large pond, you'll have the ability to capture all the potential wildlife that may pass you by. There are three gate entrances off Bailey Road which consist of nice driving trails. In addition, there is a gated access easement off Morris Road. A cell tower is located on the front of the property. The lease will transfer to the new purchaser, which will generate income once ownership is in effect.

Address:518 Bailey Road Georgetown KY 40324
Status:Active
on site: 274 days
Price:$1,376,000
Bathrooms:0
Lot Size:344.00
County: Scott
School System : Scott County - 5
MLS #:24003052
Property Type:Farm

Lot Dimensions:14984640
Utility Options:0, 1, 2, 3
Zoning:AR
Building Utilities:None
Water Source:Well, Pond(s)
Directions:From Georgetown take US 62 East, turn left onto Muddy Ford, turn right onto Barkley Road, right onto Bailey Road, property on the right.
Sq. Ft. Source:Public Records

Loan Price
$7,751
Price And Interest $7,178/month
Property Tax $0/month
MTG INS $0/month
HOME INS $573/month
Price
$1,376,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$6,876 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

DateOld PriceNew PricePercent Change
05/20/24 $1,410,400 $1,376,000 -2.4%
05/20/24 $1,410,400 $1,376,000 -2.4%

Mandatory HOA Fee:$

Area: 005 - Scott County
City:Georgetown
Subdivision: Rural
Zip Code:40324

School System:Scott County - 5
High School:Scott Co
Middle School:Royal Spring
Elementary School:Eastern

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 Kane Johnston with Hand in Hand Realty Central KY

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.





Georgetown, KY Market Report

189
Avg. DOM
$138.11
Avg. $ / Sq.Ft.
$ 406,725
Med. List Price

The house prices in Georgetown are indeed dropping at the moment. There has been a decrease in price of $10,921.16. 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 Georgetown are going Down. The average house price is $411,855.00 and the average price per square feet is $138.11 per square feet. At the moment, the amount of homes listed is exactly 1856 houses, with 252 with active status, 148 with pending status and 1456 sold in Georgetown .

The most popular place to buy a home in Georgetown is 005 - Scott County. 005 - Scott 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 Georgetown .

The average amount of property taxes you would have to pay for a home in Georgetown 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 Georgetown are staying listed for an average of 89 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 Georgetown was 2288 minutes ago.

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

The cost of the most expensive home in Georgetown is $3,200,000.00. 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 Georgetown is $115,000.00 . 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 Georgetown in year 1867 and the newest built house is in year 9999.

The average size of properties in Georgetown is 19.73 sq.ft. , the biggest one being 3320 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.

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