4758 Fowler Creek Road Covington KY 41017

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4758 Fowler Creek Road

Covington, KY 41017

Suburb: Covington

$49,900

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0 - 0ba

Under Contract

4.5+ Acres Just Minutes from I-275 - Just a few minutes to Route 17/Madison Pike - Very Heavily Wooded - great recreational site or with a little clean up could be a good building site! Might be a good place for a garage (contact Covington Planning & Zoning to Verify Approval) Old Mobile Home on the property - but, in major disrepair - needs to be removed - City sewer is at Fowler Creek Rd -currently no city water, but possible in the future. Property is being sold by the Administrator of an estate who knows no specifics about the property - interested parties should verify all information - per the neighbor, the graveled driveway is on his property and the driveway to the property for sale is to the right and needs work. Please do not go into the mobile home and please do not block the neighbors driveway - suv is best to get to the site.

Directions

I-275 to the Covington/Independence Exit*South on Route 17/Madison Pike * L on Fowler Creek Rd, Destination will be on L.

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Property Details

General Information

Property Type	Land
Style	Single Family Residence
Suburb	Covington
County	Kenton
Zip Code	41017
School District	Kenton Co Public
MLS#	625303

Features

Total Acres	4.56
Lot Dimensions	4.56 Acres
Best For	Recreational, Residential, See Remarks
Wooded Acreage	4
Water	Cistern
Sewer	Public Sewer
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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