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13.1 acres w/ mature woods near Lake Malone-Owner Financing Available

$64,500 • 13.19 Acres +/-

Drakesboro, KY • Muhlenberg County

7000 Forest Oak Church Road Drakesboro, KY 42337

Listing ID:11602

Posted Feb 25, 2022
Owner Financing Available

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Welcome to Forest Oak Farms in Muhlenberg County Kentucky.

13.1885 wooded acres that have some nice mature trees. This property has 401’ of lightly traveled blacktop road frontage that is maintained by the county. The public waterline is serviced by Muhlenberg County Water and the electric is serviced by Pennyrile Electric. This property would be an amazing place to build a rural homestead/recreation/or off grid living. The title work has been done and the title is clear and we will be transferring the property to you via a General Warranty Deed which is the best form of ownership.

Owner Financing Available!!!!!

Located near Drakesboro, Lake Malone and Rochester Boat Ramp on the Green River, only 20 minutes to Greenville, 45 minutes to Bowling Green or Madisonville, 1 hour to Hopkinsville, 1:20 to Elizabethtown.

If you would like to view the property you can GPS Forest Oak Church Road Drakesboro Kentucky and that will take you to where you will see the yellow and black real estate sign.

Recent survey has been completed. Additional acreage is available.

Easy Terms Owner Financing with Easy approval.
If you choose to use our owner financing the terms will be as follow:
$64,500 purchase price, $500 closing cost (due at contract signing), $3,075.00 down payment (due at closing), 8.95% interest on 20 year term with 5/1 ARM = $549.34/month, $0 early termination penalty

You can get a lesser interest rate if you choose to do a higher down payment (inquire with sales person).

-this loan is a non-residential loan which means we will be asking you to wait until we are paid off to use the property as your primary residence-this is like this because of the way all owner financiers are regulated…this typically is not a problem because if you do use the land as your primary residence and if you get a loan for the residence (cabin, house, mobile home) that lender will require you to combing the land loan with the home loan giving you a land-home package. This regulation does not exist for any property that is 25 acres or more. This regulation of course does not exist if you pay cash for the property or get your own loan from a bank and it also will not exist after we are paid off if you use our owner financing.


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If you have any additional questions I can be reached by email, text or telephone at eight-seven-seven-three-three-one-four-eight-eight-eight. Ask for Dwight.

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