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Property Description
Only 15 minutes from Murfreesboro with all the modern conveniences — hospitals, restaurants, Costco, and more — this magical 48.5-acre property offers gorgeous forest and meadow where a home can be built in a completely secluded setting. A recently cleared access way meets the road where an electric pole is perfectly situated to pull from. From there, a quarter mile of mulched pathway — ready to be finished as a proper driveway — winds through the Cedar Glade before opening into a beautiful sun-filled meadow, which is the designated house site, with ample room for a garden, orchard, and walking trails. The land is an ecological gem with a seasonal creek that winds through the heart of the property, its smooth limestone bed and dry-stacked limestone walls making it a notable and distinctive feature on the land. A cedar glade occupies one section — a rare, globally unique ecosystem found almost exclusively in Tennessee's Central Basin. On the other side of the creek, an oak-hickory forest opens up, its floor rich with woodland wildflowers and wild Paw Paw trees. The Paw Paw is the largest native fruit in North America and thrives in exactly this kind of sheltered forest understory. An old carriage road runs through this section, providing additional access to the property. A hilltop on the property offers sweeping views and would make a natural spot for a platform or sitting area. Soil work is complete and a three-bedroom septic permit is in hand for the house site.
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Assumptions and Disclosures
- Interest rates and APRs presented are based on current market rates, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables - call for details.
- This is not a credit decision or a commitment to lend.
- Depending on loan guidelines, mortgage insurance may be required
- If mortgage insurance is required, the mortgage insurance premium could increase the APR and the monthly mortgage payment. Additional loan programs may be available.
- APR (annual percentage rate) reflects the effective cost of your loan on a yearly basis, taking into account such items as interest, most closing costs, discount points (also referred to as "points"), and loan-origination fees. One point is 1% of the mortgage amount (e.g., $1,000 on a $100,000 loan).
- Your monthly payment is not based on APR, but instead on the interest rate on your Note.
- Adjustable Rate Mortgage (ARM) rates assume no increase in the financial index after the initial fixed period. ARM rates and monthly payments are subject to increase after the fixed period.
- These special rates presented here are only available when you pre-qualify and are not guaranteed until lock-in.
- Amounts may be rounded up. Additional fees and closing costs apply. If the down payment is less than 20%, mortgage insurance may be needed, which could increase the monthly payment and APR.
- Calculations are generated by Open Source mortgage calculation software tools using common mathematical formulas. All calculations should be independently verified.
- Please contact a loan specialist to get specific payment examples and information regarding your particular needs.
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