Acreage, Lake Access, Wooded Lot
2013 House on 3 Wooded Acres, 15 Minutes from Lake Cumberland — $149,000
7
out of 10
HousesUnder150K Score
Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%
| Category | Wt. | Score | Detail |
|---|---|---|---|
| Property Merit | 50% | 8 | 3.01 wooded acres, 4 beds, Lake Cumberland proximity, vacation/Airbnb potential |
| Condition | 25% | 5 | Built 2013 but no system updates listed; description vague, no photos referenced |
| Price / Sq Ft | 15% | 5 | Listing $138/sqft vs zip median $118/sqft — 17% above median; thin 7-comp dataset |
| Price vs. Market | 5% | 4 | $149K vs zip median $159,931 — ~7% below median, within 10% band |
| Market Conditions | 5% | 8 | Strong buyer's market — 52% price drops, 93.3% sale-to-list, DOM 64 vs 12 here |
Three acres of mostly wooded land this close to Lake Cumberland for under $150K is the thing that makes you stop. Conley Bottom Resort is about 15 minutes out, which puts this property in real proximity to one of the bigger recreational draws in southern Kentucky. If you want to run it as a short-term rental during lake season, the location gives you something to work with. If you just want a house with trees and room around you, that works too.
The house itself is a 2013 build, so the bones are relatively recent. Four bedrooms in 1,080 square feet is tight. One bathroom for four bedrooms is tighter. The math on space is honest: this is a small house. You are not getting a sprawling country home. You are getting a functional, modestly sized house that happens to sit on a good piece of land.
The listing description is thin. No system details, no mention of updates, no interior photos referenced in the data. That vagueness is worth paying attention to. A 2013 build should have mechanicals that are still in reasonable shape, but without specifics you are walking in without a clear picture of condition. That is the thing to nail down before you get attached.
On price: at $149,000, you are 17% above the per-square-foot median for the zip code. The house itself is not a bargain at that rate for 1,080 square feet. What you are paying for, realistically, is the acreage and the location. Whether that trade makes sense depends on what you plan to do here. As a primary residence, the price-per-foot is a stretch. As a short-term rental or a lake-adjacent weekend property, the calculus shifts.
The market around Monticello is leaning toward buyers right now. More than half the listings in the area have taken price drops, and average days on market runs around 64. This one has moved faster than that, so there is some demand here. But the conditions give you room to negotiate if the inspection turns up questions about condition.
The land is the story. Three wooded acres near a major recreational lake for this price is not a combination that comes up constantly. The house is what it is.
