Cash Offers Only/ Property will not qualify for traditional financing. Investor Alert! Don't miss this income-producing opportunity at 975 California Hollow Rd in Gray, KY. This property offers strong rental potential in a desirable rural setting with convenient access to town, making it attractive to long-term tenants seeking affordability and privacy. Situated on a spacious lot, this home provides room for outdoor enjoyment, future improvements, or added value through updates. With steady demand for rentals in the area, this property is ideal for investors looking to expand their portfolio or for buyers seeking a budget-friendly home with income potential. Whether you're searching for a long-term rental, a cash-flow opportunity, or a value-add investment, this property checks the boxes. Affordable entry point, additional rooms that could be converted to bedrooms, quiet location, and solid rental demand make this a smart addition to any investment strategy. Schedule your showing today and explore the potential this property has to offer!
Single-familyProperty Type
1 acresLot Size
$79Est. Price/Sq.Ft.
Listed by Whitney Hubbard• New Beginnings Real Estate LLC
Listed by Josh Trosper• New Beginnings Real Estate LLC
Bought with Jamie Sizemore• RE/MAX LakeTime Realty London
Bought with Josh Trosper• New Beginnings Real Estate LLC
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Market trends in 40734, KY
Last updated September 2026
Buyer's Market
Seller's Market
Balanced market
Sale-to-list price
96.8%
2.3% MoM
Median sale price
$185K
$49K MoM
Avg. days on market
84d
27 days MoM
Recently sold homes
7
1 MoM
Provided by Redfin
Sale history for 975 California Hollow Rd
Date
Event
Price
ImagineMLS #25508545
Mar 13, 2026
Sold
$35,000
$26/sq ft
Mar 6, 2026
Pending
—
Dec 29, 2025
Price Changed
$39,900
$30/sq ft
Dec 29, 2025
Price Changed
$39,000
$29/sq ft
Dec 15, 2025
Listed
$35,000
$26/sq ft
ImagineMLS #25504985
Nov 24, 2025
Sold
$30,000
$22/sq ft
Nov 17, 2025
Pending
—
Nov 5, 2025
Contingent
—
Oct 30, 2025
Listed
$30,000
$22/sq ft
+18
Welcome to 975 California Hollow Road in Gray, Kentucky! This property offers a unique opportunity for those seeking an affordable foothold in the Appalachian region—whether for full-time living, a future build site, or an investment. The existing residence consists of two manufactured homes joined into one structure and is being sold AS-IS. The home requires significant repairs; however, the real value lies in the land, setting, and potential. Situated on a gently sloping lot with mature trees along the rear boundary, the property provides a peaceful country feel with a scenic view of the open fields and farmland across the road—a beautiful backdrop that captures the charm of Southeastern Kentucky. Out-of-state buyers will appreciate the quiet surroundings, low property taxes, and the opportunity to create a custom retreat, small homestead, or rental investment in a serene rural setting just a short drive to Corbin, Barbourville, I-75, and local conveniences. Whether you choose to renovate the existing structure for personal use or rental income, or clear the site and build something new, this property is a rare chance to secure a buildable lot with road frontage and utilities already in place. A small outbuilding is also included for storage or workshop use. If you've been searching for a project with potential—look no further. Bring your vision, your contractor, or your house plans. Schedule your showing today and imagine the possibilities of creating something truly special on this charming Kentucky property.
Year
Property tax
Land + Additions
Assessment*
2025
$208 (+1.4%)
2024
$205 (−2.2%)
2022
$209
2021
$209 (−0.5%)
2020
$211 (−0.5%)
2019
$212 (+504.5%)
2018
$35
2017
$35
2016
$35
Tax history for 975 California Hollow Rd
Year
Property tax
Land + Additions
Assessment*
2025
$208 (+1.4%)
2024
$205 (−2.2%)
2022
$209
2021
$209 (−0.5%)
2020
$211 (−0.5%)
2019
$212 (+504.5%)
2018
$35
2017
$35
2016
$35
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
1 Acre
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Mobile/Manufactured Home
County
Knox County
APN
6367
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 16, 2026.
Property details
Parking
Parking Information
Parking Features: Driveway
Interior
Bathroom Information
Bathrooms (Full): 2
Heating & Cooling
Has Heating
Heating: Electric, Heat Pump
Cooling: Ceiling Fan(s), Electric, Heat Pump
Interior Features
Interior Features: Entrance Foyer, Ceiling Fan(s)
Flooring: Laminate, Vinyl, Wood
Laundry Features: Electric Dryer Hookup, Washer Hookup, Lower Level
Room Information
Rooms (Total): 8
Fireplace: No
Exterior
Exterior Features
Exterior Features: Awning(s)
Other Structures: Shed(s), Workshop
Foundation Details: Block, Other, Stone
Roof: Shingle
Construction Materials: Aluminum Siding, Vinyl Siding
Fencing: Chain Link, Partial, Wire
Lot Information
Lot Features: Wooded, Few Trees
Lot Size Square Feet: 43,560
Lot Size Acres: 1
Lot Size Source: Public Records
Water Source: Public
On Waterfront: No
Has View: Yes
View: Rural, Trees/Woods, Mountain(s), Farm, Water
Property Information
Structure Type: Manufactured House
Levels: One
Building Information
Building Area Total: 1,344
Financial
Tax Information
Parcel Number: 088-00-00-051.05
Utilities
Utility Information
Sewer: Private Sewer, Septic Tank
Utilities: Cable Available, Electricity Available, Sewer Connected, Water Available
Location
School Information
Elementary School: Jesse D. Lay
Middle Or Junior School: Knox
High School: Knox Central
High School District: Knox County - 67
Location Information
County Or Parish: Knox
Directions: From US-25E in Gray, turn onto California Hollow Road. Continue straight to 975 California Hollow Road. House is on a fenced in corner lot
Subdivision Name: City Limits
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 1 acres
Style: Mobile/Manufactured Home
Year Built: —
Year Renovated: —
County: Knox County
APN: 6367
Home facts updated by county records on Sep 16, 2026
Other
Listing Information
Is New Construction
Around this home
Schools
Jesse D Lay Elementary School
Public PreK-5 • Assigned • 1.8mi
6/10
Knox County Middle School
Public 6-8 • Assigned • 1.9mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 101° expected this year, 20 days in 30 years
2/10 Wind Factor
3% chance of strong winds in next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Gray, KY • 40734
Average low and high temperatures (°F)
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65
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71
49
60
42
50
34
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Apr
May
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Jul
Aug
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.