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159 And 163 Peggy Ln, Corbin, KY, 40701

5beds
3baths
2,050sqft
$145,000
$71price/sqft
$1,059/moest. monthly cost
$42,360/yrincome needed

About This Home

*This is currently being used as rental property with two incomes.* Only Minuit's from the Lake this is a great investment opportunity in Corbin, KY! This property features two mobile homes that are currently tenant-occupied and producing income, making it an excellent option for investors looking to expand their rental portfolio. Both homes are already rented, offering immediate cash flow from day one. Conveniently located in Corbin and just minutes from the lake, the property offers a desirable setting that appeals to renters who enjoy easy access to outdoor recreation, fishing, and boating while still being close to town amenities. With steady rental potential and a location near one of the area's most popular attractions, this property presents a solid opportunity for those seeking an income-producing investment. Buyer to verify all aspects of property.

Getting Around

3
WalkingCar-Dependent
0
TransitVery Limited Transit
16
BikeSomewhat Bikeable

Schools

8/10
8/10
8/10
Whitley County High SchoolGrades 9-1210.9 mi

Construction

Condition

  • Property condition: New Construction

Materials

  • Foundation: Block
  • Construction materials: Aluminum Siding,Vinyl Siding

Type & Style

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

Interior

Bathroom1

  • Level: First

Bathroom2

  • Level: First

Bathroom3

  • Level: First

Bedroom1

  • Level: First

Bedroom2

  • Level: First

Bedroom3

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Flooring: Carpet,Laminate
  • Finished area below ground: 0
  • Finished area above ground: 2,050

Heating & Cooling

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

Interior Area

  • Total structure area: 2,050
  • Total interior livable area: 2,050 sqft

Kitchen

  • Level: First

Kitchen

  • Level: First

Living Room

  • Level: First

Living Room

  • Level: First

Master Bedroom

  • Level: First

Master Bedroom

  • Level: First

Utility Room

  • Level: First

Utility Room

  • Level: First

Property

Accessibility

  • Accessibility features: Accessible Approach with Ramp

Details

  • Parcel number: 0340000041.00

Lot

  • Lot size: 1 Acres

Parking

  • Total spaces: 2
  • Parking features: Carport
  • Covered spaces: 2
  • 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

  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Wildfire
    WildfireModerate

How This Home’s Risks Compare

Winter Weather
Cold Wave
Lightning
Strong Wind
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 $733$8,796
Home Insurance *$97$1,164
Property Taxes $68$816
Electricity $161$1,942
Total$1,059$12,708
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$36,308/yr
40% on housing$31,770/yr
45% on housing$28,240/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

$71This listing

vs Other Active Listings

Avg $/sqft

ZIP 40701$120
Whitley County$127

vs Homes Sold Last Month

Median $/sqft

ZIP 40701$123
Whitley County$96

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
2026-03-17Listed for sale$149,999

For Sale by Agent

AgentClayton Henson
BrokerageCENTURY 21 Advantage Realty

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