These 115 acres has 1, 366' frontage on Gentry Rd & 1, 800' frontage on both sides of Carrington Lane. There are no restrictions as per county. It can be sub-divided as per county once they review your plans. The land is currently in AG tax rating. If new owner keeps it in AG as it is currently, taxes will stay as is. Roll Back taxes will come in once the status is changed. New owner will be responsible for the adjusted Roll Back Taxes. A single-family home only changes Roll Back taxes on the one acre if you keep the rest in AG. If you sub-divide into multiple lots the Roll Back taxes will change as per county. This property is located just off Hwy 81 and a very easy drive into Anderson for shopping. The nearest school is just at 1 mile. The land has many options to work with. There is a creek located at one end and is great if you have livestock. Horses and or cattle will love it here once you clear off a little more acreage. The property lays well as to further development. Many great building sites are here. One has to see this and feel it as you walk this acreage. There are driving trails already cut in. City water is available. If you enjoy the peaceful atmosphere, this is it.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $960,000 | $960,000 | $960,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.148% | 6.760% | 6.806% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,307 | $6,147 | $8,429 |
Total Monthly Payment | $6,432 | $6,272 | $8,554 |
* 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.