Mountain River Tract 4 1405 King Bend Road Cumberland Gap, Claiborne County TN 37724

Pending
Property Details

Mountain River Tract 4 1405 King Bend Road Cumberland Gap, Claiborne County TN 37724

Residential
Pending
Description

Waterfront East Tennessee Land | MTNR-TR4-CP

- Cumberland Gap TN

6 Acres –  This land would make a great weekend getaway or you could live there year round. This is a great opportunity to own waterfront land in beautiful East Tennessee. The property is only minutes from Cumberland Gap National Park so there are plenty of recreational activities to do in the area.  Lincoln Memorial University is also only a few minutes away. The property has 200′ of frontage on the Powell River. The Powell river is the second most biologicaly diverse river in the nation (great fishing). It is a shallow river in this area and can be waded in most places. The Powell River feeds Norris Lake which extends into 5 counties. The property has a flat terraced area near the road and it slopes down steeply to the river. Trails/switchbacks would need to be cut in to more easily access the water. There are massive Beech trees leading down to the river that would be ideal for a network of interconnected tree houses leading to and overlooking the river. There is a small, unfinished shed and a RV parking area (with power pole) near the road. City water is available at the road and there also appears to be a spring near the center of the property.

Financing Options:

 Percent Down

Down Payment

APR

Monthly Payment

0% Down

$0

8.5%

$246.05

5% Down

$1,600

7.5%

$212.56

10% Down

$3,200

6.5%

$182.04

15% Down

$4,800

5.5%

$154.44

20% Down

$6,400

4.5%

$129.71

These payments are based on a 30 year loan but we can go shorter to suit the buyer. There are no pre-payment penalties and any extra paid per month goes to principal. Contact us to calculate other terms.

Property Video:

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Location And Approximate Property Outline:

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