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

Sold $32,000
Property Details

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

Residential
Sold $32,000
Description

Waterfront East Tennessee Land | MTNR-TR4-CP

Sold - 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.

Property Video:

Interractive 360 Degree Video Of The Drive To The Property:

You can click and drag the view to look around.

Location And Approximate Property Outline:

Survey:

Topo Maps:

Approximate Perimeter Overlays And Angled Views:

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.

This tract is owned and financed through Country Places, Inc. Country Places offers 100% OWNER FINANCING on nearly all of our properties, nearly always requiring only $600 to cover all closing costs. We will finance a tract of land for up to 30 years with no prepayment penalties. In addition, anything paid over the regular payment will go towards the principal. The interest rate with nothing down starts at 8.5% and can be bought down with a down payment. Optionally, a down payment in increments of 5%, 10%, 15%, and 20% will each lower the interest rate by 1 point, to a maximum low of 4.5%. The lowest rate is 4.5% with at least 20% down. For those who wish to purchase 2 tracts, a 5% down payment is required. We offer this flexible owner financing to make it easier for people to purchase land. We keep our contracts simple and straightforward with no hidden fees. Everything can be done via mail with notarized signatures. Going to the bank for a land loan is often difficult, very time consuming and even with a sizeable down payment the interest rates are often very high. We are here to help you attain your dream of owning a little piece of the country.

  • No Down Payment On Most Properties
  • No Credit Check
  • Low Closing Cost – $600 in nearly all cases
  • Loan Terms up to 30 years
  • No Prepayment Penalties
  • Extra amounts paid are applied to loan principal
  • APR rates as low as 4.5%
  • Fixed interest rates
  • Simple and straightforward contracts
  • No hidden fees
  • All paperwork can be completed via mail or other delivery service with notarized signatures
  • Discounts available for current or prior military service – Thank You!
  • Discounts available for cash purchases

Be sure to ask us about our military and cash purchase discounts!

Andy Halavonich
Country Places, Inc. - Land Specialist/Explorer/Photographer
843-532-2946
Andy loves being outdoors and exploring new properties. If you see a picture on our sites, there's a 99% chance he took it. No one explores our properties more than him. He is a great source of knowledge when it comes to locating the property with unique features you want on your dream land. In his spare time, Andy is designing and building a custom, self-sufficient RV to enjoy the great outdoors with. Andy's father purchased the land he grew up on in Charleston through a program very similar to Country Places financing program. That land was the best investment his family ever made and it makes Andy a big believer in the Country Places program. "I've learned that nothing is more fun than a job you enjoy."
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