Nestled on a peaceful 0. 54-acre lot in Gray, TN, this wooded parcel with rolling topography overlooks beautiful Boone Lake. With power nearby, paved access, and a septic permit in place (per seller), this property offers an ideal spot to build your dream home without HOA restrictions. Conveniently located to Johnson City, Gray, and Kingsport, this lot combines tranquility with accessibility to town amenities. House number in the listing is not actual but was used for mapping purposes. The lot is adjacent to (West) 182 Trail Ln, Gray, TN 37615. You will be assigned an official street/house number from the county when you build and develop the land.
This is a flat fee limited-service listing. Please call the number on the listing and that will connect you with the correct person to inquire about the property. I make it my policy to put all known information about each lot in the write-up details, so if you don’t see the answer you’re looking for, please contact the county to gather additional information. Please understand that when buying or selling vacant/raw land this is usually the case. The listing agent does not guarantee the accuracy of the information in this listing and is to be held harmless of any misrepresentations. Buyers are encouraged to do their own due diligence to make sure the lot is a good fit. Sellers have stated that they wish to select the title agency for closing. They are willing to cover that cost at closing. Thank you for looking
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $27,999 | $27,999 | $27,999 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.551% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $186 | $186 | $236 |
Total Monthly Payment | $261 | $261 | $311 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.