Owner Financed Land With Creek

Land Description

This sale is for Tract 4 Gibson Station which is 5.6 acres for $27,400.00. We Owner Finance which removes the hassle and worries of trying to get a loan from a bank. Our terms are as easy as paying the closing costs ($400 for a single tract) signing a contract, making your monthly payment and immediately enjoying your land. No background or credit checks.

This tract of land is in Gibson Station, VA. (Lee Co.) and is off of Hwy.58 (Daniel Boone Parkway) just minutes from Middlesboro KY, Harrogate TN, and Jonesville VA. Convenience...grocery stores, pharmacies, banks, restaurants, all of your needs just minutes away. The land is wooded with a creek on the entire front of the property that runs parallel with Blakemore Mill Rd...a maintained road. Your driveway would have to cross the creek with an incline from Blakemore Mill Rd. that would take you to the top of the property where you would select a homesite. The surrounding views are beautiful, with the Cumberland Mountains where you are minutes from the Cumberland Gap National Park with 24,000 acres, spectacular overlooks, waterfalls, extensive hiking trail system, camping and historic cabins, all ready for you to enjoy! If you ever wanted to live in the country, yet be convenient to all necessities, this is your opportunity. OWNER FINANCE...EASY TERMS...MAKE PAYMENTS AND OWN YOUR LAND

Examples of monthly payments are as follows based on the purchase price of $27,400.00. If you pay the closing costs of $400 and put nothing down, the interest rate would be 10.25%. The interest rate can be reduced with a down payment. For each 5% down payment, it reduces the interest rate by 1%. If you put 20% down, your interest rate would be 6.25% which is the lowest rate available. There are no prepayment penalties, and anything you pay above the monthly payment would apply to the principal. The following monthly payments are based on 30 year financing.

- Pay closing costs... no down payment% - $245.53/mo.

- 5% down ($% - $214.14/mo.

-10% down ($% - $185.26/mo.

- 15% down ($% - $158.88 /mo.

- 20% down ($% - $134.97/mo.

Monthly payments are made until the contract is paid in full, at which time the deed is provided free and clear. Upon signature of the contract to purchase the land, you can start enjoying your property immediately. Great Opportunity! Owner Financing! Low Payments! You can own secluded...peaceful wooded acreage with a creek, beautifully surrounded by the Cumberland Mountains, close to all your necessities. I (Ron) can be reached ator to discuss this tract or other land available in KY, VA, TN.