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Property Listing: Status: Active (Listed on: 04/18/2023)

7.75 acres of mostly pasture-35 minutes to Lexington-Owner Financing Available

Listing ID:
19151
Price:
$90,000
7.76 Acres +/-
 
Owner Financing Available
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General Location:
Clark County Kentucky
Address:
6825 Wades Mill Road
City, State Zip:
Winchester, KY 40391
County:
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MLS #:
Listing ID:
19151
Description:
Welcome to Wades Mill Farms in Clark County Kentucky.

7.7572 acres with a really nice already cleared building site and the property is mostly open pasture. This property has 1,959’ of road frontage on a lightly traveled blacktop road that is maintained by the county. The public waterline is serviced by Judy Water Association and the electric is serviced by Clark Energy. This property would be an amazing place to build a rural homestead/recreation/or a wonderful place to put your horses. 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 Winchester and only 30 minutes to Lexington.

If you would like to view the property you can GPS 6825 Wades Mill Road Winchester Kentucky and that will take you to where 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:
$90,000 purchase price, $500 closing cost (due at contract signing), $4,500.00 down payment (due at closing), 8.95% interest on 20 year term with 5/1 ARM = $766.52/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.


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 I can be reached by email, text or telephone at eight-seven-seven-three-three-one-four-eight-eight-eight. Ask for Dwight.
Directions:
GPS 6725 Wades Mill Road Winchester Kentucky and you will see our yellow and black real estate sign.
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