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Old 05-16-2008, 07:50 PM
 
10 posts, read 61,330 times
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Hello all,
I want to purchase some land in Corbin or London. However, I have been browsing realtor.com and have seen some prices at $8K-$10K. Are these realistic prices for a decent neighborhood? I cannot afford much more at this point in my life. Should I wait a little longer and purchase something more expensive? Are there no bad neighborhoods in these towns? I searched the forum and couldn't find any threads that matched my concerns.

Lastly, are there a lot of covenants and restrictions in either town? I intially tried NE Georgia and ran up against a mountain of restrictions that basically meant I could not build a contemporary home in any of the decent neighborhoods. So any suggestions or advice would be helpful. Thanks in advance for your help.
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Old 05-16-2008, 08:09 PM
 
Location: Kentucky
2,927 posts, read 7,397,498 times
Reputation: 1301
Quote:
Originally Posted by rolaren1 View Post
Hello all,
I want to purchase some land in Corbin or London. However, I have been browsing realtor.com and have seen some prices at $8K-$10K. Are these realistic prices for a decent neighborhood? I cannot afford much more at this point in my life. Should I wait a little longer and purchase something more expensive? Are there no bad neighborhoods in these towns? I searched the forum and couldn't find any threads that matched my concerns.

Lastly, are there a lot of covenants and restrictions in either town? I intially tried NE Georgia and ran up against a mountain of restrictions that basically meant I could not build a contemporary home in any of the decent neighborhoods. So any suggestions or advice would be helpful. Thanks in advance for your help.
Hmmm, I'd say you'd have to spend more than that for a nice neighborhood. As far as bad neighborhoods, well I would just avoid the East Bernstadt area just north of London. It's the only known "bad" part of the county. There's more growth going on in London than Corbin, with several new subdivisions mainly west of town along Highway 192. There are restrictions in the city limits of both towns of course but not so much outside of the city unless you live in one of the neighborhoods that has a homeowner's association. Corbin seems to have some really interesting contemporary homes and I don't really see much of that in London. The really nice areas of Corbin are along Highway 727 (known as 5th Street Road) and along Highway 1629 (Ohler Rd).
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Old 05-16-2008, 08:48 PM
 
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Thanks in InLondon. I am driving up in early September to check out the area and your advice is helpful in weeding out places to avoid. BTW do you know what should be my starting price for land in a good neighborhood?
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Old 05-16-2008, 09:00 PM
 
Location: Kentucky
2,927 posts, read 7,397,498 times
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Quote:
Originally Posted by rolaren1 View Post
Thanks in InLondon. I am driving up in early September to check out the area and your advice is helpful in weeding out places to avoid. BTW do you know what should be my starting price for land in a good neighborhood?
I just so happen to have a "homes book" that has homes for sale in the area. I see some nice neighborhoods with half acre lots for $12,500 up to $20,000 in London. And then there are the half acre lots that are $54,000, quite a big difference in price. These neighborhoods don't have the contemporary type housing that you're looking for though.

Corbin has several contemporary homes just about in the same area off 7th Street and along Bacon Avenue. I don't know of any lots for sale out there though since it's in town.
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Old 05-16-2008, 09:21 PM
 
10 posts, read 61,330 times
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Thanks again InLondon for your quick responses. They have been a major help. The prices you quoted are pretty reasonable. I feel a lot better now. I was worried that I'd have to pony up $80K or more. I am glad to see there something out there I can afford.
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Old 05-16-2008, 09:25 PM
 
Location: Kentucky
2,927 posts, read 7,397,498 times
Reputation: 1301
Quote:
Originally Posted by rolaren1 View Post
Thanks again InLondon for your quick responses. They have been a major help. The prices you quoted are pretty reasonable. I feel a lot better now. I was worried that I'd have to pony up $80K or more. I am glad to see there something out there I can afford.
You're welcome, ask me anything about the area. I know a lot about this area of the state, hehe.
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Old 12-22-2008, 08:32 AM
 
Location: MI
101 posts, read 241,313 times
Reputation: 30
Default Retiring in Corbin or London

Quote:
Originally Posted by InLondon View Post
You're welcome, ask me anything about the area. I know a lot about this area of the state, hehe.
InLondon:

My husband and I live in Michigan. We're going to be retiring in the Corbin or London area. His parents lived in Corbin, but it was yearssss ago. We both love the state.

We will be purchasing a new manufactured home and are looking for a "quieter" area, hopefully with lower crime to purchase land.

Any ideas would be helpful.

Thank you, in advance,
Cat
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Old 12-22-2008, 02:32 PM
 
Location: The Bluegrass State
330 posts, read 621,305 times
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Cat48328

How much land are you looking for?
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Old 12-22-2008, 03:24 PM
 
Location: MI
101 posts, read 241,313 times
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Quote:
Originally Posted by xxmagex View Post
Cat48328

How much land are you looking for?
Probably about a half acre.
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Old 12-22-2008, 10:06 PM
 
Location: Near L.A.
4,114 posts, read 8,907,149 times
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London: MUCH nicer than Corbin. Choose London. If you choose Corbin, you'll be nuts.

London has: a cleaner community, more community pride, more economically progressive mindset, better restaurants, more downtown vibrancy, more positive growth, low community crime rate. London does have a large contingent of what I call poor white trash, but it's nothing compared to Corbin. London is just a much better community than Corbin with a higher quality of life, IMHO.
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