Discovering 20 Hillcrest Dr: Your Dream Home in Paris, Kentucky!

Paris, Kentucky Home at 20 Hillcrest Drive Not Currently Listed for Sale

Paris, Kentucky – A residential property situated at 20 Hillcrest Drive is presently not available for purchase.The home, a single-family dwelling, offers 1,864 square feet of living space.

Property Details

The residence boasts a layout comprising three bedrooms and two bathrooms. It is located in the 40361 zip code area of Paris, Kentucky.

Property Feature	detail
Address	20 Hillcrest Dr,Paris,KY 40361
Property Type	Single-Family Home
Square Footage	1,864 sq ft
bedrooms	3
Bathrooms	2
Sale Status	Not For Sale

According to recent data from Redfin,the median sale price of homes in Paris,Kentucky,has increased by 8.2% year-over-year as of october 2023. Redfin. This suggests a competitive market for buyers, despite individual properties like the one on Hillcrest Drive currently being held off the market.

Did You Know? The typical home in Bourbon County, where Paris is located, spends approximately 45 days on the market.

Pro Tip: If you’re considering selling your home in the Paris, KY area, working with a local real estate agent can provide valuable insights into current market conditions and help you price your property effectively.

Understanding the Local Real Estate Market

The housing market in Paris, Kentucky, has been experiencing consistent growth in recent years, fueled by its proximity to Lexington and its attractive small-town atmosphere. While inventory levels remain relatively low, the demand for homes continues to be strong.

Do you believe the current market conditions in Paris, Kentucky, are favorable for potential home buyers? What factors might influence your decision to buy or sell in this area?

Long-Term Trends in the Paris, Kentucky Housing Market

Historically, Paris, Kentucky, has maintained a stable housing market with moderate price appreciation. its appeal lies in its blend of rural charm and convenient access to urban amenities. Looking ahead, experts predict continued growth, but stress the importance of monitoring interest rates and economic indicators.

Frequently Asked Questions About the Paris, Kentucky Real Estate Market

• What is the average home price in Paris, Kentucky? The median sale price as of late 2023 is approximately $275,000.
• is Paris, Kentucky a good place to live? Paris offers a high quality of life with excellent schools, low crime rates, and a strong sense of community.
• How competitive is the housing market in Paris, Kentucky? The market is currently considered moderately competitive, with homes often receiving multiple offers.
• what are the property taxes like in Bourbon County? Property taxes are generally lower then the national average.
• Are ther many new construction homes available in Paris, Kentucky? New construction is occurring, but inventory remains limited.

Share your thoughts on the Paris, Kentucky real estate market in the comments below. We encourage you to engage in a constructive discussion and share your insights with our community.

What impact does the proximity to bourbon distilleries have on property values in the Hillcrest Drive neighborhood?

A Prime Location in Bourbon County

20 Hillcrest Dr, Paris, Kentucky, presents a unique possibility to own a piece of the Bluegrass State’s charm. Situated in Bourbon County, known for its rich history, horse farms, and distilleries, this property offers a blend of rural tranquility and convenient access to local amenities. For those seeking Paris, Kentucky real estate, this address consistently ranks high due to its desirable location and potential for a fulfilling lifestyle.

Neighborhood Highlights & Local Attractions

The Hillcrest Drive neighborhood is characterized by well-maintained homes and a strong sense of community. Residents enjoy:

Proximity to Downtown Paris: A short drive brings you to the heart of Paris, offering boutique shops, antique stores, and award-winning restaurants.

Paris Landing Park: Perfect for outdoor enthusiasts, this park provides walking trails, picnic areas, and scenic views of the Kentucky River.

Bourbon Distillery Tours: Immerse yourself in Kentucky’s signature spirit with tours and tastings at nearby distilleries like Woodford reserve and Buffalo Trace.

Horse Farm Country: Experience the beauty of thoroughbred horse farms, a defining feature of the region. Consider a guided tour for an insider’s outlook.

Excellent Schools: Bourbon County schools are highly regarded, making this location ideal for families.

Property Features & Potential

While specific details of 20 Hillcrest Dr will vary depending on the current listing, properties in this area typically boast features appealing to a wide range of homebuyers. Understanding these commonalities can definitely help you assess the potential of this paris,KY home for sale.

Typical home Characteristics

Spacious Lots: Many homes on hillcrest Drive feature generously sized lots, offering privacy and room for outdoor activities.

Ranch-Style or Traditional Two-Story Homes: Architectural styles are generally classic and well-suited to the Kentucky landscape.

Mature Landscaping: Established trees and gardens contribute to the curb appeal and create a welcoming atmosphere.

Attached Garages: Providing convenience and security.

Potential for Renovations: Many properties offer opportunities for customization and upgrades to reflect your personal style.

Investment Potential & Property Value

The paris, Kentucky housing market has demonstrated steady growth in recent years. Investing in a property like 20 Hillcrest Dr can be a sound financial decision.

Appreciation Potential: bourbon County’s desirability and limited inventory suggest continued property value appreciation.

Rental Income Opportunities: Depending on local regulations, the property could be suitable for long-term or short-term rentals, particularly catering to visitors interested in bourbon tourism.

Comparable Sales Analysis: Reviewing recent sales of similar properties in the area (a comparative market analysis or CMA) is crucial for determining a fair market value. A local Paris, KY realtor can provide this data.

Living in Paris, Kentucky: A Lifestyle Overview

Paris, Kentucky, offers a unique quality of life that blends small-town charm with access to big-city amenities.

Community & Events

Paris Bourbon Festival: An annual celebration of Kentucky’s bourbon heritage, attracting visitors from around the world.

Local Farmers Markets: Offering fresh produce, artisanal goods, and a sense of community.

Community Events: Throughout the year, Paris hosts various events, including concerts, festivals, and holiday celebrations.

Active Civic Organizations: Opportunities to get involved and contribute to the local community.

Practical Considerations

Cost of Living: Generally lower then the national average, making Paris an affordable place to live.

Healthcare Access: Several healthcare facilities and providers are located in and around Paris.

Transportation: Convenient access to major highways, including I-75 and I-64.

employment Opportunities: While primarily a residential community, Paris offers employment opportunities in healthcare, education, and tourism. Lexington, KY, is a short commute away, expanding job prospects.

Finding the Right Real Estate Agent

Navigating the Paris, KY real estate market requires the expertise of a knowledgeable local agent.

local Expertise: An agent familiar with bourbon County can provide valuable insights into neighborhoods, property values, and market trends.

Negotiation Skills: A skilled negotiator can help you secure the best possible price and terms.

Network of Professionals: Access to a network of lenders, inspectors, and other professionals to streamline the home-buying process.

Consider a Realtor specializing in Bourbon County properties for the best results.

Resources for Your Home Search

Bourbon County Board of Realtors: https://www.bourboncountyrealtors.com/

City of Paris, Kentucky: https://www.parisky.gov/

Paris-Bourbon County Tourism: https://www.parisbourbontourism.com/

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