1 Lower Cumberland Rd Pike Twp OH 45154

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1 Lower Cumberland Rd

Pike Twp, OH 45154

Suburb: Pike Twp

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Property offered for sale at public auction on October 12,2024. Rare opportunity to purchase high producing farm land 412.67+- acres with huge amount of road frontage on 2 roads

Directions

From Tri-County Highway to Upper Cumberland right on New Harmony Shiloh then left on Lower Cumberland Road.

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Property Details

General Information

Property Type	Land
Style	Acreage
Suburb	Pike Twp
County	Brown
Zip Code	45154
School District	Western Brown Local
MLS#	1816716

Features

Total Acres	412.67
Easements	Of Record
Frontage	0
Best For	Farming
Elevation	Rolling
Wooded	Partly
Cleared Acreage	0
Wooded Acreage	0
Water	Public
Sewer	None
Gas	None
Semi-Annual Taxes	$1,690.30

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You can calculate the mortgage loan amount from the price of the real estate by providing the down payment percentage.

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Points, Annual Property Taxes, Annual Insurance and Private Mortgage Ins. (PMI) are all optional. If you enter values, the periodic portion of each will be calculated and shown on the schedule. Property taxes and insurance are combined under escrow.

If a borrower does not have cash to cover at least 20% of the purchase price, some lenders will require the borrower to purchase private mortgage insurance (PMI) to cover against a possible default. Premiums are typically 0.5% to 2.0% of the original loan amount. The borrower can drop the insurance coverage once the mortgage balance is less than 80% of the original purchase price. The calculator handles this automatically. (There may be other conditions as well under which the lender will no longer require PMI. One such case might be apprciation of the real estate.)

Points are charges that are normally due at closing. Borrowers (normally only in USA) may select to pay a lender "points" up front in exchange for a lower interest rate. Points are expressed in percent and are calculated on the amount borrowed. 3 points on a $200,000 mortgage equals $6,000. If the user enters points, this calculator includes their value in the summary and as part of the total payment at loan origination on the payment schedule.

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120 months = 10 years
180 months = 15 years
240 months = 20 years
360 months = 30 years

Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://AccurateCalculators.com/mortgage-calculator

The data relating to the real estate for sale on this web site comes in part from the Broker Reciprocity program of the MLS of Greater Cincinnati, Inc. Real estate listings held by brokerage firms other than Comey & Shepherd Realtors are marked with the Broker Reciprocity logo or Broker Reciprocity house icon. The properties displayed may not be all the properties available through Broker Reciprocity.

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