$5,000
$6,500
23.1%For more information regarding the value of a property, please contact us for a free consultation.
Lot 75 Edgewater Russell Springs, KY 42642
0.51 Acres Lot
Key Details
Sold Price $5,000
Property Type Vacant Land
Sub Type Lot
Listing Status Sold
Purchase Type For Sale
Subdivision Edgewater
MLS Listing ID 23014554
Sold Date 09/11/23
Lot Size 0.510 Acres
Property Sub-Type Lot
Property Description
Nestled in the forest on this half acre lot, this lot is ready for your cabin home plans. Right around the corner from the Purdy Hill ramp you can be at the lake in no time from this lot. Due to how the lots were initially sold (or oversold) in 'Grand Opening Day Sale' fashion, the true value of the lots on the open market is coming to light. Statistically the average loss in Edgewater is about 64%. This lot sold originally for $12,900! So at $6,500 it's a very good buy. Home size to be min 1600 sq ft. No campers or mobile homes. If you are a builder, there are great opportunities to spec out some lake homes. In that loss, equity is still there. If you build, the home should absorb that loss difference. Call me and we can talk more about all this.
Location
State KY
County Russell
Exterior
View Y/N Y
View Trees
Building
Sewer Septic Tank
New Construction No
Schools
Elementary Schools Russell Co
Middle Schools Russell Co
High Schools Russell Co
School District Russell County - 46
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