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    28-40 Magnolia Ave Millersburg, KY 40348

    Sponsored
    For Sale
    $200,000

    LAND - Millersburg, KY

    Lot size:
    3.20 Acres
    Days on Market:
    89
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 28-40 Magnolia Ave

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    R-1
    APN
    051-20-20-002.00
    Lot size
    3.20 Acres

    Utilities

    Utilities
    Water Available

    The Real Estate Co. (859) 979-1508

    Listing agent David C Sparks (859) 979-1508

    Listing date Oct 9, 2025

    MLS# 25501942 Listing URL

    Copyright © 2026 ImagineMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Residential Land Development Opportunity

    This property presents a development opportunity in Bourbon County, featuring approximately 3.2 acres with 14 lots. The site is part of a partially developed residential subdivision. Much of the groundwork has been completed, including installed water, sewer, and electric lines, as well as paved roadways that require a small amount of additional blacktop for completion. A few trunk sewer lines will be required to service four of the lots. Several homes are already built and occupied within the subdivision, establishing a neighborhood setting. This property is suitable for builders, developers, or investors seeking a residential project in Bourbon County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Millersburg
    County
    Bourbon
    State
    Kentucky
    Longitude
    -84.137499
    Latitude
    38.310088

    FAQs

    What type of property is this?
    Residential land & home lot - 3.2 acres with 14 lots in Bourbon County.
    Where is this residential land & home lot located?
    The property is located at 28-40 Magnolia Ave Millersburg, KY.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: - Partially developed residential subdivision with **14 lots on approximately 3.2 acres.**; - Utilities (water, sewer, and electric lines) are already installed.; - Paved roadways are in place, requiring only minor blacktop completion.
    (859) 473-0881
    Request Owner's contact information
    28-40 Magnolia Ave Millersburg, KY 40348
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    Millersburg, KY 40348
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    28-40 Magnolia Ave Millersburg, KY 40348
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