315 MONTAGUE ST, FRANKLIN, KY
List Price
$216,900
Availability
For sale
Pre-bid checklist3/9
The property
From the seller's description. Not a guarantee of condition.
Market demand: Real Estate like this sell about 27% of the time, typically ~3 bids. Based on 2,386 completed sales over the last year.
- This is the asking price set from that appraisal, not a below-market auction bid - a fair price for the home, not a guaranteed bargain.
- The real edge of a government REO is a clean sale: clear, insurable title with any past-due property taxes settled at closing.
- Sold as-is with no seller repairs, so budget an inspection and repairs on top of the price.
The appraisal reflects the home's condition when it was inspected; values change over time. Not an independent valuation or investment advice - always inspect and confirm the numbers before you make an offer.
- This listing: conveys with clear, insurable title. Past-due property taxes are settled at closing by the seller, there is no redemption period, and no former owner can reclaim it.
- County tax sales in Kentucky: Kentucky is a tax lien state. The county sells the unpaid tax debt, not the house. You buy a certificate that earns interest, and you only get the property if the owner never repays. The former owner then has 1 year to reclaim the property. Title here usually needs a quiet-title action before it is insurable or resellable. None of that applies to this listing.
We do not estimate what a specific property owes. Lien and back-tax amounts live in county records and only a title search returns the real number, so any figure produced without one is a guess you should not bid against. Compare all 51 state tax-sale regimes. State-level rules, not legal advice.
Financing
Need funding for this flip?
Auction homes usually need cash or a short-term rehab loan. Kiavi funds fix-and-flip and rental (DSCR) purchases for real-estate investors, including the rehab budget.
New borrowers get a $350 credit on their first closed loan.
See fix-and-flip loan options →Advertising disclosure: this is a paid partner link. GovAuctions may earn a referral fee if you take a loan, at no cost to you. We are not a lender or financial adviser.
Seller
Fannie Mae
Condition: REO / sold as-is
Full Description
Fannie Mae HomePath REO property at 315 MONTAGUE ST, KY 42134. Single Family, 3 bed, 2 bath, 1,686 sqft, built 1870. Sold as-is by Fannie Mae.
Pickup information
Fannie Mae
- This is the asking price set from that appraisal, not a below-market auction bid - a fair price for the home, not a guaranteed bargain.
- The real edge of a government REO is a clean sale: clear, insurable title with any past-due property taxes settled at closing.
- Sold as-is with no seller repairs, so budget an inspection and repairs on top of the price.
The appraisal reflects the home's condition when it was inspected; values change over time. Not an independent valuation or investment advice - always inspect and confirm the numbers before you make an offer.
- This listing: conveys with clear, insurable title. Past-due property taxes are settled at closing by the seller, there is no redemption period, and no former owner can reclaim it.
- County tax sales in Kentucky: Kentucky is a tax lien state. The county sells the unpaid tax debt, not the house. You buy a certificate that earns interest, and you only get the property if the owner never repays. The former owner then has 1 year to reclaim the property. Title here usually needs a quiet-title action before it is insurable or resellable. None of that applies to this listing.
We do not estimate what a specific property owes. Lien and back-tax amounts live in county records and only a title search returns the real number, so any figure produced without one is a guess you should not bid against. Compare all 51 state tax-sale regimes. State-level rules, not legal advice.
Financing
Need funding for this flip?
Auction homes usually need cash or a short-term rehab loan. Kiavi funds fix-and-flip and rental (DSCR) purchases for real-estate investors, including the rehab budget.
New borrowers get a $350 credit on their first closed loan.
See fix-and-flip loan options →Advertising disclosure: this is a paid partner link. GovAuctions may earn a referral fee if you take a loan, at no cost to you. We are not a lender or financial adviser.
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