2500 E State Road 62 Canaan IN 47224

New Search

2500 E State Road 62

Canaan, IN 47224

Suburb: Shelby

$88,000

0bd

0 - 0ba

Active

15.93 acres - Must see. Hunters, Recreation, 4-wheeling & walking. Just the place to enjoy nature as you want to. Build your cabin for weekends & vacation or build your dream home. It's all here. Close to Madison, IN, the town that has it all, what a town.

Directions

Open in Maps

Property Details

General Information

Property Type	Land
Style
Suburb	Shelby
County	Jefferson
Zip Code	47224
School District	Madison Consolidated
MLS#	203779

Features

Total Acres	15.93
Lot Dimensions	15.93
Easements	None, Public Record
Best For	Hunting, Recreational, Resid. Single Family, Timber
Wooded	Heavily
Cleared Acreage	0
Wooded Acreage	19
Water	Public
Sewer	None
Gas	None
Semi-Annual Taxes	$20.36

Listings similar to 2500 E State Road 62 Canaan IN

Listings in other areas similar to 2500 E State Road 62 Canaan IN

More Info

To receive more information about this property, please fill out the form below.

Mortgage Calculator

To determine affordability and approximate loan payments, use the button below to reveal the mortage calculator. Please note that when using the form one of either the 'Down Payment Pct' or 'Amount of Loan' fields, but not both, must be set to zero to complete the calculation.

Mortgage Loan Calculator

Real Estate Price?:

Down Payment Pct?:

Amount of Loan?:

Enter a "0" (zero) for one unknown value above.

Monthly Payments?:

Annual Interest Rate?:

Points?:

Annual Prop. Taxes?:

Annual Insurance?:

Mortgage Ins. (PMI)?:

Payment Method?:

Monthly Payment:

Down Payment:

Total Interest:

Total P & I:

Mortgage Calculator Help

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 Southeast Indiana Board of REALTORS®. 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.

Schedule a Showing

To receive more information about this property, please complete the form below.