515 Forbes Dr, Shelbyville, KY 40065 (MLS# 1662737)

$47,000

515 Forbes Dr
Shelbyville, KY 40065
MLS# 1662737

1 / 1

Property Description
Wooded Fall Away Lot

Details

Maps

None

Current Price: $47,000

Contract Info

Original List Price: 47000

Listing Date: 2024-06-02

Listing Price: 47000

List Price/Acre: 47000

Property Sub Type: Residential Land

HOA Y/N: No

HOA Fee: No

Location Tax Legal Info

Street #: 515

Street: Forbes

St Suffix: Dr

Area: 30-Shelby County

County: Shelby

State/Province: KY

Zip Code: 40065

Subdivision/Condo: NONE

Geo Lat: 38.215074

Geo Lon: -85.164105

General Property Description

Dedicated Road?: Y

Frontage: 125

Acres: 1

Lot Dimensions: 125x350

Zoning: Residential

Restrictions: Yes

Flood Plain: No

Status Change Info

Status: Active

Property Features

Lot Description: Developed Lot; Fall Away; Wooded

Lot Access: County Road

Utilities: Other

Listing Office: Stanford Properties

Last Updated: November - 30 - 2024

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Mortgage Calculator Help

You can calculate the mortgage loan amount from the price of the real estate by providing the down payment percentage.

If you know the mortgage amount you can afford and the cash down payment percentage required, you can calculate the affordable real estate price.

Or if you know the price of the real estate and the loan amout and enter "0" for the down payment percentage, the calculator will calculate the down payment amount and percentage.

Points, Annual Property Taxes, Annual Insurance and Private Mortgage Ins. (PMI) are all optional. If you enter values, the periodic portion of each will be calculated and shown on the schedule. Property taxes and insurance are combined under escrow.

If a borrower does not have cash to cover at least 20% of the purchase price, some lenders will require the borrower to purchase private mortgage insurance (PMI) to cover against a possible default. Premiums are typically 0.5% to 2.0% of the original loan amount. The borrower can drop the insurance coverage once the mortgage balance is less than 80% of the original purchase price. The calculator handles this automatically. (There may be other conditions as well under which the lender will no longer require PMI. One such case might be apprciation of the real estate.)

Points are charges that are normally due at closing. Borrowers (normally only in USA) may select to pay a lender "points" up front in exchange for a lower interest rate. Points are expressed in percent and are calculated on the amount borrowed. 3 points on a $200,000 mortgage equals $6,000. If the user enters points, this calculator includes their value in the summary and as part of the total payment at loan origination on the payment schedule.

The term (duration) of the loan is expressed as a number of months.

60 months = 5 years

120 months = 10 years

180 months = 15 years

240 months = 20 years

360 months = 30 years

Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://AccurateCalculators.com/mortgage-calculator