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SECLUDED 5.1 ACRES SURROUNDED BY CEDARS OF LEBANON STATE FOREST, TENNESSEE
$89,000 • 5.10 Acres +/-
Lebanon, TN • Wilson County
W Richmond Shop Rd Lebanon, TN 37090
Listing ID:3409
Posted Aug 30, 2020
Owner Financing Available
MLS #: 2192479

Market Value: $135,000
Lucky Dog Price: $89,000
Savings of 34%!!
Nestled on the outskirts of the Cedars of Lebanon State Forest, just off W Richmond Shop Rd in Lebanon, this lot is indeed a nature lover’s gem! Perfect for anyone who wants to escape the hustle and bustle of the city life, but not be too far away from the everyday comforts. This property has a unique shape spreading across 5.09 pristine acres, allowing for endless possibilities. Tell the kids to pack the ATVs! Makes a great campsite for those priceless family memories. Go exploring in your own backyard or relax and enjoy the clear, starlit sky at night. The West and North sides of the property border the Cedars of Lebanon State Forest for 1,930 +/- f). The State Forest is known for its beautiful cedar trees throughout the area and cave exploration. Similar lots in the area are selling for $120k-200k. Priced well below market value, this deal won’t last long! Seller financing available.
Ideal location for an easy commute to Nashville, Murfreesboro, or Lebanon, all within a 20-35 minute drive. You are only a couple miles in either direction from I-840 or US-231/Lebanon Pike (Murfreesboro Rd). Partially cleared and ready to start building that dream home and bring in a new double-wide manufactured home. New homes being built in the area. Plenty of street frontage (130+/- ft.) on W Richmond Shop Rd. Home values have risen 3.2% in the last 12 months in this area and is predicted to increase another 2.4% in the next year. The median single-family home value in this neighborhood is $298,257.
Optional Seller Financing with down payment of $50,000. Property sold at retail market value ($135,000), if seller financed. Payments start as low as $842 for 360 months. Other payment options available. No pre-payment penalty. Notes are held at 11.5% annual interest. Seller financing options require a $12/mo note service fee. A one-time $299 document fee applies to all cash and financing sales.
Site Address: W RICHMOND SHOP RD - LEBANON, TN 37090
Parcel Size: 5.09 Acres (221,720 sq. ft.)
Parcel Number: 123-058.03
County: Wilson
Zoned: A-1 Agricultural. Allows single family, two family dwellings, and mobile homes.
Water: City (Water Authority of Wilson County)
Sewer: Septic, not installed.
Electric: At lot line (Middle Tennessee Electric Membership Co-op)
Flood Zone: No
HOA: No
Annual Taxes: $324
Elevation: 649 ft
Flood Zone: No
Property Access: Paved Road
Schools:
Southside Elementary | KPK-8 (7.54 mi.)
Wilson Central High School | 9-12 (3.5 mi.)
Plat Map: Available (see photos)
Survey: Yes, available upon request.
Property Access: Paved Road
Title Provided: Warranty Deed w/ Title Insurance
Closing Costs: Buyer pays all closing costs, including a one-time doc fee of $299. Any down payment or funds received are NON-REFUNDABLE.
Center GPS Coordinates: 36.091681, -86.365719
This property is currently in escrow with the registered owner and being pre-marketed under the agreed upon purchase terms. Property will be transferred with Warranty Deed and title insurance. Buyer to pay all closing costs. Any down payment or funds received are NON-REFUNDABLE. Lucky Dog Land Deals is a national real estate investment company and in most cases we have not viewed the property in person. All of the information for this property that we are aware of has been disclosed within the listing details on our website. Please direct any additional questions regarding this property to the associated city/county governmental agency. Buyer is responsible for performing their own due diligence to verify all information is accurate and to be sure the property fits their current needs.
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