5 Acres, East Tn, Owner Financing
Old Springs Road : Maynardville, TN 37807
Union County, Tennessee
Land Description
This is 5 mostly wooded acres just outside of Maynardville, TN. This is approximately 30 minutes north of Knoxville, TN and just a short drive over to Norris Lake. This is in Union County, TN.
This 5 acres is at the end of an old gravel drive. There is power at the front of the property. A well would be needed for water. There is already a SEPTIC tank installed on the property for sewer. Most of the land is wooded with the exception of a couple open areas towards the front. There are some really nice homesites on this property.
We offer 100% OWNER FINANCING. All that is needed up front is that covers all closing costs. Interest rate starts at 11.5% and can be bought down to a low of 6.5%. For every 5% down, the interest rate is lowered 1%. Examples of payments are as follows:
nothing down at 11.5% is monthly
5% down at 10.5% is monthly
10% down at 9.5% is monthly
15% down at 8.5% is monthly
20% down at 7.5% is monthly
25% down at 6.5% is monthly
All payments are figured on 20 year financing. You can go longer or shorter to get a payment that fits your finances. There are no prepayment penalties and anything paid extra over the regular monthly payment all goes towards the principal. A warranty deed is provided when the land is paid off.
This is a great opportunity to get some affordable acreage so close to town but still in a private, country setting.
