1 acre Davis Ln & Grand National Blvd Walton KY 41094

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1 acre Davis Ln & Grand National Blvd

Walton, KY 41094

Suburb: Walton

$400,000

0bd

0 - 0ba

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1 acre Davis Ln & Grand National Blvd - MLS# 619653

1 acre lot zoned PF (Public Facility) which includes a conditional use of Eating and Drinking Establishments and a permitted use of a Daycare. See documents for a list of planning and zoning uses. Lot is located at the corner of Grand National Blvd and Davis Lane.

Directions

Exit 175 Richwood West on KY 338, south on Grand National Blvd at roundabout. Subject is on corner of Grand National Blvd and Davis Lane.

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Property Details

General Information

Property Type	Land
Style	Commercial Lot
Suburb	Walton
County	Boone
Zip Code	41094
School District	Boone Co Public
MLS#	619653

Features

Lot Dimensions	250x240
Best For	Professional/Office, Restaurant, Retail, See Remarks
Water	Public
Sewer	At Street
Semi-Annual Taxes

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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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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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