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    4696 KY 206 Dunnville, KY 42528

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    For Sale
    $279,000

    Farm / Farmhouse, House w/Accessory - Dunnville, KY

    Type:Farm
    Lot size:
    10.50 Acres
    Added:
    Oct 18, 2025
    Days on Market:
    201
    Last Refresh:
    May 6 at 4:06 pm

    Property Features for 4696 KY 206

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Bedrooms
    5
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen, Living Room
    Parking features
    Garage
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dryer, Microwave, Refrigerator
    Standard status
    Active
    Lot size
    10.50 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Electric (Heating), Fireplace(s), Propane (Heating), Wood (Heating), Wood Stove
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    1997
    Year renovated
    1997
    Floors in Building
    2
    Flooring type
    Laminate
    Building materials
    Vinyl Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Karen Goode

    Listing agent Karen Goode

    Listing office Land of Liberty Real Estate, LLC. 470 Green River Valley Road, Liberty, KY

    Listing date Oct 18, 2025

    MLS# 11592743 Listing URL

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

    HighLights

    • Spacious farmhouse featuring a large living room and open kitchen/dining area, perfect for family gatherings.
    • Enjoy the outdoors with a pond and woods, offering potential for farm animals.
    • Multiple heating options include a gas fireplace, wood stove, and mini‑split units.
    • Functional outdoor spaces: Relax on the boxed‑in back porch, concrete patio, and front porch with views.
    • Convenient circle driveway for easy access.
    • Unfinished walk‑out basement offers customization potential.

    Overview

    Farmhouse with Acreage and Pond

    Located in a rural setting, this farmhouse offers ample space and recreational opportunities. The 10.5-acre property includes room for farm animals, wooded areas for exploration, and a pond. A circle driveway provides easy access to the home. The spacious farmhouse features a large living room, an open kitchen and dining area, a full bath, and a bedroom or office on the ground floor. Upstairs, there are three bedrooms and a common area bathroom, as well as a master suite with a large dressing area and a private master bath. Note that none of the bedrooms have built-in closets. Multiple mini-split units, a gas fireplace, and a wood stove provide heating and cooling. Additional features include a large boxed-in back porch, an unfinished walk-out basement, and a front porch with views of the property and local wildlife. A concrete patio offers an outdoor entertaining area. The property is located in Dunnville, KY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Furniture & Home Goods Clothing & Fashion Store (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dunnville
    County
    Casey
    State
    Kentucky
    Longitude
    -85.044778
    Latitude
    37.215539

    Nearby Similar for Sale

    • $929,000

      Dunnville Farm with Cozy Cottage

      110-acre farm featuring a remodeled cottage and agricultural amenities.
      4348 Brock Road, Dunnville, KY 42528
      View Details
    • $256,000

      Equine Hobby Farm with Durable Infrastructure

      13.91-acre farm featuring oil-pipe construction, outbuildings, and full fencing.
      2880 Ewing Ridge Rd, Dunnville, KY 42528
      View Details

    FAQs

    What type of property is this?
    Farm - Spacious farmhouse on 10.5 acres with pond and woods.
    Where is this farm located?
    The property is located at 4696 KY 206 Dunnville, KY.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: Spacious farmhouse featuring a large living room and open kitchen/dining area, perfect for family gatherings.; Enjoy the outdoors with a pond and woods, offering potential for farm animals.; Multiple heating options include a gas fireplace, wood stove, and mini‑split units.
    (606) 706-1847
    We can help!
    Listing Contact
    Karen Goode
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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