East Tn, 5 Acres, Owner Financing

Farm Description

5 Mostly Wooded Acres in East Tennessee

Owner Financing with simple terms

Great land for home, cabin, modular, camping, etc.

Location: This 5 acres is located in Morgan County, TN in the small community of Sunbright. Sunbright is approximately an hour north and west of Knoxville, TN. It is right between Wartburg and Oneida, TN. These 2 towns would have most everything you need including groceries, shopping, banking, pharmacies, etc.

Property Description: This 5 acres lies exceptionally well. Most all of the acreage lies fairly flat to gently rolling and has great homesites all over. The back part of the property going towards the back line slopes down more to give it more of a roll to the land. Most of the property is wooded with the exception of the front near the road which is covered mostly with smaller brush. The 5 acres has approximately 200 feet!! of paved road frontage on a county maintained road. It then goes back over 1000 feet!! into the woods for some great privacy. Power and phone are at the paved road. A septic system and well will be needed for sewer and water. All pictures are of the property itself.

Restrictions: Restrictions are fairly minimal. There can be one home per 2.5 acres. No pig/chicken farms or junk/salvage yards or like nuisances. The owner can build a home/cabin, move a modular home on, camp, or even just enjoy for recreation.

We have been selling rural and recreational property for over 20 years. We want to help make people's dreams of owning land come true and make the process as simple and comfortable as possible.

The total price for this 5 acres is only

All you need up front is which covers all your closing costs. First payment wouldn't be due for a month after that.

We are providing 100% OWNER FINANCING for this auction. Interest rate with nothing down starts at 11.5% and can be bought down. For every 5% put down on the property the rate is lowered 1% to a low of 6.5%. Examples of payments are as follows:

Nothing down at 11.5% is monthly.

5% down is monthly at 10.5%.

10% down is monthly at 9.5%.

15% down is monthly at 8.5%.

20% down is monthly at 7.5%.

25% down is monthly at 6.5%.

These payments are figured on 20 years. You can go longer or shorter depending on your budget. Anything paid over the regular monthly payment goes towards the principal. There are no prepayment penalties and a warranty deed is provided when land is paid off.

This is some absolutely gorgeous TN land conveniently located to town but still with a country setting. It is a great opportunity to own some affordable acreage that gives the buyer some peace and quiet yet still just a short drive from various attractions.

.**OPTION** The new owner will have the option to add an ownership in a 294 acre nature preserve that is just a short drive away. Total price for an ownership alone is but for the winning bidder of this auction it will be only This is not required but only a chance for the winning bidder to own some additional acreage in East Tennessee. This is great land approx 20 minutes from the 5 acres. It has everything an outdoor enthusiast could want. The land is level, rolling, and has great rock bluffs and even caves for exploring. Most of the 294 acres are wooded although there are a couple of open areas as well. There is over 2 miles of creek frontage on the Clear Creek that fronts this property as well. The creek is great for canoeing, fishing, and swimming and the views around the creek bed are fantastic. Wildlife is abundant on this protected tract. Hunting will only be allowed under controlled circumstances if animal population was to get out of control. This 294 acre tract is to remain in its natural state with no development. It is intended for nature lovers, hikers, and general outdoors people to enjoy without wo