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342 Tilleys Ln, Wellington, KY, 40387

2beds
1baths
1,100sqft
$79,900
$73price/sqft
$671/moest. monthly cost
$26,840/yrincome needed

About This Home

Charming Country Cottage in Morgan View and on Tilley's Lane. Close to Cave Run Lake. Minutes from Longbow Marina, Bangor Boat Ramp, Clay Lick and Warix Boat Ramps. Home has a bedroom downstairs with a huge upstairs that is open but could be split easily into 2 bedrooms. Downstairs has a mini-split heating / air system. upstairs has a like new window AC. Front porch sitting or large rear porch for sipping your coffee or favorite beverage will have you relaxing the way you wish to. Property backs up to Daniel Boone National Forest. Cabin is furnished for your ease of settling in. Storage Building on site remains with the property. Selling 'as is' but inspections are welcome! Don't Delay!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
0
BikeNot Bike Friendly

Schools

7/10
Ezel Elementary SchoolGrades PK-58.5 mi
4/10
3/10
Morgan County High SchoolGrades 9-1211.5 mi

Construction

Materials

  • Foundation: Pillar/Post/Pier
  • Roof: Metal
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Contemporary
  • Property subType: Cabin

Interior

Appliances

  • Appliances included: Refrigerator,Range
  • Laundry features: Electric Dryer Hookup,Main Level,Washer Hookup

Basement

  • Basement: Crawl Space

Bathroom1

  • Level: First

Bedroom1

  • Level: Second

Bedroom2

  • Level: Second

Bedrooms & Bathrooms

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

Features

  • Ceiling Fan(s)
  • Flooring: Laminate
  • Finished area below ground: 0
  • Finished area above ground: 1,100

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 1,100
  • Total interior livable area: 1,100 sqft

Kitchen

  • Level: First

Master Bedroom

  • Level: First

Other

  • Level: Second

Other

  • Level: Second

Property

Features

  • Levels: One and One Half
  • Has view: Yes
  • View description: Rural,Trees/Woods

Lot

  • Lot size: 0.58 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

  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Landslide
    LandslideModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Winter Weather
Inland Flooding
Landslide
Lightning
Strong Wind
Tornado
Wildfire

FEMA Declared Disasters Across Kentucky Counties

Flood
Hurricane
Mud Landslide
Severe Storm
Straight Line Winds
Tornado
Tropical Storm
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 $404$4,848
Home Insurance *$78$936
Property Taxes $35$420
Electricity $154$1,850
Total$671$8,052
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$23,005/yr
40% on housing$20,130/yr
45% on housing$17,893/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: 5.0%
5.0%
0%30.0%
Electricity Growth Rate10-year average: 6.0%
6.0%
0%15.0%
Property Taxes Growth Rate2-year average: -5.7%
-5.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$73This listing

vs Other Active Listings

Avg $/sqft

ZIP 40387$183
Morgan County$170

vs Homes Sold Last Month

Median $/sqft

ZIP 40387$133
Morgan County$87

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
2025-12-22Listed for sale$89,900
2025-12-09Listing removed$89,900
2025-10-18Price change$89,900
2025-06-13Price change$99,500
2025-06-08Listed for sale$105,000
2025-03-01Listing removed$119,000
2024-09-01Listed for sale$119,000

For Sale by Agent

AgentRandy Newsome
BrokerageUnited Real Estate Bluegrass

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