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3950 Lily Rd, London, KY, 40744

2beds
1baths
864sqft
$165,000
$191price/sqft
$1,212/moest. monthly cost
$48,480/yrincome needed

About This Home

Welcome to this charming corner lot property, offering the perfect blend of spacious living and modern convenience on 2 fenced in acres! This beautifully remodeled home boasts 2 bedrooms, including a primary bedroom that's easily convertible into two separate rooms, providing flexibility to suit your needs. The open layout maximizes natural light and provides a welcoming atmosphere for both relaxation and entertainment. Outside, the property features a storage building, ideal for your tools, equipment, or extra belongings. Enjoy the tranquility of rural living with the convenience of being close to town, schools, shopping, and other amenities. Whether you're seeking a peaceful retreat or a home with potential for customization, this property offers a rare opportunity to enjoy both. Don't miss your chance to make this exquisite corner lot home yours!

Getting Around

8
WalkingCar-Dependent
0
TransitVery Limited Transit
21
BikeSomewhat Bikeable

Schools

7/10
8/10
--
Mcdaniel Learning CenterGrades 9-125.3 mi

Construction

Condition

  • Year built: 1923

Materials

  • Foundation: Block
  • Roof: Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Microwave,Refrigerator,Range

Basement

  • Has basement: Yes
  • Basement: Unfinished

Bathroom1

  • Level: First

Bedroom2

  • Level: First

Bedroom3

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Laminate
  • Finished area below ground: 0
  • Finished area above ground: 864

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Electric

Interior Area

  • Total structure area: 864
  • Total interior livable area: 864 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Master Bedroom

  • Level: First

Property

Details

  • Parcel number: 1081000006.02

Features

  • Levels: One
  • Fencing: Chain Link
  • Has view: Yes
  • View description: Rural
  • Horses can be raised: Yes

Lot

  • Lot size: 2 Acres

Parking

  • Parking features: Driveway
  • Has uncovered spaces: Yes

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 WaveVery High
  • Winter Weather
    Winter WeatherVery High
  • Hail
    HailRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Cold Wave
Winter Weather
Hail
Lightning
Strong Wind
Tornado
Heat Wave
Inland Flooding
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 $834$10,008
Home Insurance *$118$1,416
Property Taxes $106$1,272
Electricity $154$1,850
Total$1,212$14,544
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$41,554/yr
40% on housing$36,360/yr
45% on housing$32,320/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

$191This listing

vs Other Active Listings

Avg $/sqft

ZIP 40744$103
Laurel County$125

vs Homes Sold Last Month

Median $/sqft

ZIP 40744$153
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
2026-08-17Price change$160,000
2026-08-03Listed for sale$165,000

For Sale by Agent

AgentAbigail Harris
BrokerageCENTURY 21 Advantage Realty

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