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Public Remarks: PRICES REDUCED! This listing is a parcel totaling ±360 acres split into 5 parcels ranging from ±55 to ±90 acres in size. The splits are located on Millstone Mountain Road in east Cumberland County. The attached map shows the proposed splits and the access road that all five splits will share a 50-foot easement for ingress and utilities. The seller has not installed electric utilities along the road and all buyers will be required to share the expense for installation. Tracts 1 and 5 have road frontage and will not necessarily have to share in the installation costs. Tracts 2, 3, and 4 will definitely need to have electricity along the access road. We have checked with Volunteer Electric and found the estimated total cost to be $42,000.00 to a point at the end of the easement. Further electric will be at each buyer's expense. A draft of the easement maintenance by the buyers can be found in the documents section on the website. Tract 1 (Sold) Tract 2 is approximately 40 acres of thinned pine plantation and 20 acres of hardwood. Tract 2 price is $5,000.00/acre or $300,000.00. Tract 3 is approximately 70 acres of thinned pine and the remaining acreage is SMZS. Tract 3 price is $4,000.00/acre or $352,000.00. Tract 4 is 81 acres of mostly pine plantation and is priced at $4,500.00/acre or $364,545.00. Tract 5 is 76 acres of a mix of pine and hardwood and is priced at $4500.00/acre or $340,065.00.
From the Westal exit go south on TN 299 0.5 miles, turn right on Pig Path Road 1.6 miles, turn right on Millstone Mountain Road 2.2 miles and tract is on the left. Lat/Long 35.913072 - -84.785494.
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This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. We can provide you names of Mortgage Loan Officers that will provide you more details on your payment and total down payment.
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