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(SOLD) $220,000

20 Davis Lake Road Owenton, KY  40359

  • 3 Beds
  • 2 Baths

Property Description for 20 Davis Lake Road Owenton, KY 40359

Excellent income producing lakefront Short-Term Rental priced under recent appraisal! Conveniently located between the Ark Encounter, Kentucky Speedway and the Bourbon Trail, this vacation rental is a home-run! Generated $38,000 in revenue in 2023 from Airbnb & VRBO bookings. Located right next to the boat ramp, this double lot property is in a prime location on Elmer Davis Lake. With all furnishings and a local cleaning person in place, you can start renting immediately or make your desired improvements to increase nightly rate for even more revenue. Owen County is a very investor-friendly county for short-term rentals with no prohibitive local government requirements or hoops to jump through. Hard to find a more profitable STR at this price point that books over 250 nights per year. In a tough economy, an affordable rental in a peaceful, unique setting close to attractions that see 1 million+ visitors per year is the winning recipe! Serious, qualified buyers welcome to schedule showings around current rental bookings. Owner is a licensed real estate agent in Kentucky.

Address:20 Davis Lake Road Owenton KY 40359
Status:Sold
Sold On: 12/6/2024
Price:$220,000
Bedrooms:3 Beds
Bathrooms:1 Full Baths, 1 Half Baths
Year Built:9999
Lot Size:1.00
County: Owen
School System : Owen County - 15
MLS #:24018451
Property Type:Single Family Residence

Lot Dimensions:43560
Lot Features:0
Water Source:Public
Directions:From downtown Owenton, take 22 to Davis Lake Rd. (Brown sign says Elmer Davis Lake). Stay on that road approximately 3 miles to the boat ramp and property is just to the left of the parking lot.
Abv. Grnd. Sq. Ft. :832
Sq. Ft. Source:Assessor

Loan Price
$1,240
Price And Interest $1,148/month
Property Tax $0/month
MTG INS $0/month
HOME INS $92/month
Price
$220,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$0/month
Home Owner Insurance
$1,104 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

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

Mandatory HOA Fee:$

Area: 015 - Owen County
City:Owenton
Subdivision: Rural
Zip Code:40359

School System:Owen County - 15
High School:Owen Co
Middle School:Maurice Bowling
Elementary School:Owen Co

Interior Features:Dining Area
Exterior Type:Aluminum Siding
Heat:Forced Air, Propane Tank Owned
Total Rooms:4
Tucker Customer Care, REALTOR®/Broker, F. C. Tucker Company
Tucker Customer Care
Additional Phone (317) 954-4768
F.C. Tucker Company

Listing provided courtesy of Jessica Noto with Century 21 Advantage Realty - Georgetown

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.





Owenton, KY Market Report

275
Avg. DOM
$150.55
Avg. $ / Sq.Ft.
$ 304,450
Med. List Price

The house prices in Owenton are indeed dropping at the moment. There has been a decrease in price of $450,000.00. 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 Owenton are going Down. The average house price is $304,450.00 and the average price per square feet is $151.40 per square feet. At the moment, the amount of homes listed is exactly 44 houses, with 18 with active status, 5 with pending status and 21 sold in Owenton .

The most popular place to buy a home in Owenton is 12-Other Counties. 12-Other Counties 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 Owenton .

The average amount of property taxes you would have to pay for a home in Owenton 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 Owenton 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 Owenton was 25968 minutes ago.

At the moment we have 0 open houses that you can visit.

The cost of the most expensive home in Owenton is $749,800.00. 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 Owenton is $59,900.00 . 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 Owenton in year 1891 and the newest built house is in year 9999.

The average size of properties in Owenton is 1606.72 sq.ft. , the biggest one being 3752 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.