1805 Independence Road Independence KY 41051

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1805 Independence Road

Independence, KY 41051

Suburb: Independence

$389,000

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Beautiful 7+ acres in Independence. There are at least 3 building locations to chose from, maybe more.. Owner has cleared a large portion, but there is still plenty of woods. Perk test has been performed and passed where current owner was considering building, you'll see the stakes. There is a creek that runs along back and side or property. Gas line is a couple houses away. Water at Independence Rd. Electric at Independence RD or on neighbors acreage whichever is best. Please don't enter property without your REALTOR having an appt or without contacting listing agent.

Directions

Madison Pike ( highway 17) to Right on Independence Road.

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Property Details

General Information

Property Type	Land
Style	Single Family Residence
Suburb	Independence
County	Kenton
Zip Code	41051
School District	Kenton Co Public
MLS#	614524

Features

Total Acres	7.75
Lot Dimensions	See Plat
Water	Cistern, Public
Sewer	Septic Needed
Semi-Annual Taxes

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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.

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The data relating to the real estate for sale on this web site comes in part from the Broker Reciprocity program of the Northern Kentucky Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Comey & Shepherd Realtors are marked with the Broker Reciprocity logo or Broker Reciprocity house icon. The properties displayed may not be all the properties available through Broker Reciprocity.

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