Tract #5 Taylorsville Rd, Shelbyville, KY 40065 (MLS# 1666763)

$450,000

Tract #5 Taylorsville Rd
Shelbyville, KY 40065
MLS# 1666763

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Property Description
Prime commercial land opportunity! This 2.52-acre corner lot in Shelby County boasts exceptional visibility and high traffic exposure on busy Taylorsville Rd. Ideal for a range of business ventures, this property benefits from its strategic location and ease of access. Note: No gas station or grocery store allowed. Don't miss out on this versatile and valuable investment opportunity!

Details

Maps

Documents

None

Current Price: $450,000

Contract Info

Original List Price: 450000

Listing Date: 2024-07-29

Listing Price: 450000

List Price/Acre: 178571.43

Property Sub Type: Residential Land

HOA Y/N: No

HOA Fee: No

Location Tax Legal Info

Street #: Tract #5

Street: Taylorsville

St Suffix: Rd

Area: 30-Shelby County

County: Shelby

State/Province: KY

Zip Code: 40065

Subdivision/Condo: NONE

Geo Lat: 38.201415

Geo Lon: -85.266423

General Property Description

Dedicated Road?: N

Frontage: 50

Acres: 2.52

Lot Dimensions: 2.52

Zoning: Commercial

Restrictions: Yes

Flood Plain: Yes

Lake/Pond: No

Sold As-Is: Yes

Status Change Info

Status: Active

Property Features

Lot Description: Cleared; Corner

Lot Access: Near Interstate Exit; No Access

Utilities: None

Documents Available: Survey

Listing Documents

Survey

Listing Office: Schuler Bauer Real Estate Services ERA Powered

Last Updated: September - 17 - 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.

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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

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360 months = 30 years

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