1 S County Rd 390 West Connersville IN 47331

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1 S County Rd 390 West

Connersville, IN 47331

Suburb: Columbia

$166,500

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Rare opportunity in scenic Columbia Township, Fayette County! This 18.526-acre parcel on South County Rd 390 West offers a peaceful retreat perfect for agricultural or recreational use. Accessed via a recorded easement, this land is ideal for farming, hunting, or weekend getaways. Please note: Fayette County will not issue building permits for this parcel due to lack of road frontage, limiting it to non-residential uses. Embrace the beauty of nature and make the most of this unique, unspoiled acreage!

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Property Details

General Information

Property Type	Land
Style
Suburb	Columbia
County	Fayette
Zip Code	47331
School District	Fayette County
MLS#	204027

Features

Total Acres	18.53
Lot Dimensions	18.526
Easements	Agriculture, Driveway, Ingress/Egress, Public Record
Best For	Farming, Hunting, Recreational
Cleared Acreage	0
Wooded Acreage	0
Water	None
Sewer	None
Gas	None
Semi-Annual Taxes	$262.02

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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.

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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 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.

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