Lot 361 Cherry Lane Florence KY 41042

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Lot 361 Cherry Lane

Florence, KY 41042

Suburb: Florence

$10,000

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Under Contract

0.367 Acres, Lot #361, Cherry Lane, of the Highland Acres Subdivision. Subdivision was originally split when I-75 was initially constructed. Lot does not front on Highland Drive. Access to property is from Highland Drive. (Must see Survey for details.) Bring your Creativity and see what you can do. BUYER TO VERIFY USES AND UTILITIES.

Directions

I-75 Mt. Zion Exit #178, E on Hwy 536 (Mt. Zion Rd), Left onto Tiburon Drive, Left onto Highland Drive, Access Point location to Property on Right between 10287 Highland Drive &10331 Highland Drive.

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Property Details

General Information

Property Type	Land
Style	Single Family Residence
Suburb	Florence
County	Boone
Zip Code	41042
School District	Boone Co Public
MLS#	618385

Features

Total Acres	0.37
Lot Dimensions	80' x 200'
Water	None
Sewer	None
Semi-Annual Taxes

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

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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.

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60 months = 5 years
120 months = 10 years
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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

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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