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    000 Homewood Dr Madisonville, KY 42431

    Sponsored
    For Sale
    $199,900

    48 Acres, Residential Zoning, Investment Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 48-acre property located at 000 Homewood Drive, Madisonville, KY 42431 presents a unique opportunity for both estate living and investment. Situated within city limits, this land boasts multiple access points from north, south, and west, offering unparalleled convenience and flexibility. The property is zoned residential, allowing for potential development into individual lots, making it an attractive investment prospect. Approximately 5 acres are cleared and have been previously used for crop cultivation, while the remaining acreage is wooded, providing a blend of open and natural landscapes. All utilities are either readily available or already present on the site, simplifying development plans. This expansive parcel offers the rare combination of a tranquil, spacious setting with the advantages of city proximity. The property's size and zoning make it ideal for a large estate, a subdivision project, or a combination of both. With its versatile nature and prime location, this land presents a compelling opportunity for discerning buyers seeking a significant investment or a remarkable place to build their dream home. The property's latitude and longitude coordinates are 37.3162147, -87.5043388.

    Property Features for 000 Homewood Dr

    General Information

    Property type
    Land
    Lot Size
    2,090,880 SF

    HighLights

    • 48‑acre property in Madisonville, KY, zoned residential.
    • Multiple access points from north, south, and west.
    • Approximately 5 acres cleared, remainder wooded.
    • Utilities readily available.
    • Suitable for estate living, subdivision, or a combination.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Madisonville
    County
    Hopkins
    State
    Kentucky
    Longitude
    -87.5043388
    Latitude
    37.3162147

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    FAQs

    What type of property is this?
    Land - 48 Acres, Residential Zoning, Investment Potential
    Where is this land located?
    The property is located at 000 Homewood Dr Madisonville, KY.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: 48-acre property in Madisonville, KY, zoned residential.; Multiple access points from north, south, and west.; Approximately 5 acres cleared, remainder wooded.
    (270) 836-1119
    Request Owner's contact information
    000 Homewood Dr Madisonville, KY 42431
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    Madisonville, KY 42431
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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
    000 Homewood Dr Madisonville, KY 42431
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