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Property Listing: Status: Active (Listed on: 11/17/2022)

6.7 acres of beautiful rolling land- Owner Financing Available

Listing ID:
17046
Price:
$39,500
6.75 Acres +/-
 
Owner Financing Available
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General Location:
Caldwell County Kentucky
Address:
4600 Princeton Olney Road
City, State Zip:
Princeton , KY 42445
County:
Caldwell County
MLS #:
Listing ID:
17046
Description:
Welcome to Princeton Farms located at the 4600 block of Princeton Olney Road in Caldwell County Kentucky.

6.7482 acres with beautiful rolling open land that has a waterline that is serviced by Caldwell County Water and the electric that is serviced by Kinergy Electric. This property has 266' of lightly traveled blacktop road frontage that is maintained by the county. This property would be an amazing place to build a rural homestead. 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.

The property is restricted to no more than one mobile home on the property and no junk yards (see salesperson for details).

Owner Financing Available!!!!!

Located near Princeton Kentucky, 30 minutes from Madisonville, 45 minutes to Hopkinsville, 1 hour to Henderson or Paducah, 1:20 to Bowling Green or Owensboro, 1:45 to Nashville Tennessee or Marion Illinois.

If you would like to view the property you can GPS 4600 Princeton Olney Road Princeton Kentucky and that will take you to the property and you will see the yellow and black real estate sign.

Recent survey has been completed.

Easy Terms Owner Financing with Easy approval.
If you choose to use our owner financing the terms will be as follow:
$39,500 purchase price, $500 closing cost (due at contract signing), $2,000.00 down payment (due at closing), 8.95% interest on 10 year term with 5/1 ARM = $379.24/month, $0 early termination penalty

-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.

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

To view additional information about this property you can go to
Web Link


To view additional rural land listings please visit our website at Web Link

If you have any additional questions or would like to set up a private showing I can be reached by email, text or telephone at 877-331-4888. Ask for Dwight
Directions:
GPS 4600 Princeton Olney Road and you will see the yellow and black real estate sign.
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