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1615 Vaughn Ridge Rd, London, KY, 40741

4beds
2baths
1,200sqft
$130,000
$108price/sqft
$1,000/moest. monthly cost
$40,000/yrincome needed

About This Home

Brick ranch home situated on 1.15 peaceful acres with scenic views of neighboring farmland and two ponds. This 4-bedroom, 2-bath property offers excellent potential for the right buyer. The owner began renovations but was unable to complete them, leaving a great opportunity to customize and add value. The home is in need of extensive repairs, including flooring, making it ideal for investors, renovators, or buyers looking for a fixer-upper with strong upside. Cash or Conventional only. Several major features are already in place, including newer windows and a wood-burning stove. Outside, you'll find a detached 24x24 metal garage, perfect for a workshop or easily adaptable for barn use, along with a detached two-car carport. An additional small barn and fenced area provide space for horses or other animals. A spacious yard and quiet rural setting complete this value-driven property with endless possibilities.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
3
BikeSomewhat Bikeable

Schools

7/10
Colony Elementary SchoolGrades PK-51.4 mi

Construction

Materials

  • Foundation: Block
  • Roof: Metal
  • Construction materials: Brick Veneer

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch,Split Level
  • Property subType: Single Family Residence

Interior

Appliances

  • Laundry features: Electric Dryer Hookup,Washer Hookup

Basement

  • Basement: Crawl Space

Bathroom1

  • Level: First

Bathroom2

  • Level: First

Bedroom2

  • Level: First

Bedroom3

  • Level: Lower

Bedroom4

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Ceiling Fan(s)
  • Flooring: Vinyl
  • Finished area below ground: 0
  • Finished area above ground: 1,200

Heating & Cooling

  • Heating features: Electric,Wood Stove
  • Cooling features: Electric

Interior Area

  • Total structure area: 1,200
  • Total interior livable area: 1,200 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Master Bedroom

  • Level: Lower

Property

Details

  • Parcel number: 0470000069.00

Features

  • Levels: Multi/Split
  • Fencing: Wood,Wire
  • Has view: Yes
  • View description: Rural,Farm,Water
  • Has water view: Yes
  • Water view: Water
  • Horses can be raised: Yes

Lot

  • Lot size: 1.18 Acres
  • Features: Few Trees

Parking

  • Total spaces: 4
  • Parking features: Attached Carport,Detached Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 4
  • Carport: Yes
  • Carport spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Landslide
    LandslideModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Cold Wave
Hail
Lightning
Strong Wind
Tornado
Winter Weather
Heat Wave
Landslide
Wildfire

FEMA Declared Disasters Across Kentucky Counties

Flood
Mud Landslide
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $657$7,884
Home Insurance *$106$1,272
Property Taxes $83$996
Electricity $154$1,850
Total$1,000$12,000
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$34,285/yr
40% on housing$30,000/yr
45% on housing$26,666/yr

Kentucky FAIR Plan Programs

Kentucky FAIR Plan Reinsurance Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,102Commercial: 175
Total Premiums$2.55M
Total Exposure$206.09M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.5%
9.5%
0%30.0%
Electricity Growth Rate10-year average: 6.0%
6.0%
0%15.0%
Property Taxes Growth Rate2-year average: 4.0%
4.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$108This listing

vs Other Active Listings

Avg $/sqft

ZIP 40741$147
Laurel County$126

vs Homes Sold Last Month

Median $/sqft

ZIP 40741$134
Laurel County$129

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-24Price change$132,000
2026-04-10Price change$135,000
2026-03-24Price change$138,000
2026-03-16Price change$140,000
2026-02-08Price change$159,000
2026-01-25Listed for sale$169,000

For Sale by Agent

AgentKrystil Greer
BrokerageCENTURY 21 Advantage Realty

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