Tract 7 US 127 N Tract 7 Glencoe KY 41046

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Tract 7 US 127 N Tract 7

Glencoe, KY 41046

Suburb: Glencoe

$48,000

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AUCTION. Seize the chance to own a piece of the stunning Owen County countryside at the Hickory Tree Farm multi-par auction. With tracts ranging from 7 to 156 acres available in any combination, this is your opportunity to tailor your dream property to your exact specifications. Opening bids start as low as $18,000, making this an accessible and exciting investment. Imagine the possibilities: build a cozy cabin or a modern barndominium, establish a homestead farm, raise cattle, hunt, and enjoy the serene natural beauty that surrounds you. With access to public water, your vision for the perfect rural retreat is within reach. Conveniently located just 5.5 miles from I-71 at the Glencoe exit, Beautiful Hickory Tree Farm combines tranquility with easy access to major routes. Enjoy the convenience of being just 30 minutes from Florence, 45 minutes from Frankfort, 1 hour from Louisville, and 1 hour from Georgetown. Don't miss out on this unique chance to embrace country living at its finest. Make plans to attend this LIVE AUCTION EVENT on Saturday, October 19, 2024, and make your dream a reality!

Directions

I-71 to Glencoe Exit, South on US 127 approximately 5.7 miles

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Property Details

General Information

Property Type	Land
Style	Agriculture
Suburb	Glencoe
County	Owen
Zip Code	41046
School District	Owen Co Public
MLS#	626250

Features

Total Acres	15.92
Lot Dimensions	irreg
Water	Public
Sewer	None
Semi-Annual Taxes

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

If you know the mortgage amount you can afford and the cash down payment percentage required, you can calculate the affordable real estate price.

Or if you know the price of the real estate and the loan amout and enter "0" for the down payment percentage, the calculator will calculate the down payment amount and percentage.

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.

The term (duration) of the loan is expressed as a number of months.

60 months = 5 years
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 Northern Kentucky Multiple Listing Service, 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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