Tennessee Land For Sale

[allen84]

SOLD!! No longer up for grabs.

[allen84]

Also, there is an existing block foundation that has never been built on. Approximately 28x40

[StressMan79]

Fwiw "block" foundations are usually lacking strength for log walls.

Sent from my Galaxy S4 using Forum Runner

[allen84]

It sits on/tied into solid rock. Corners have been filled with concrete.... I would still kind of agree with you though... my intent was to finish filling all the block and only use it as support for the floor and as a backer to form up a reinforced wall of stone, concrete and rebar. I've thought of a few other possibilities also... all that aside, the block foundation was not built by me and their original intent was to build a simple, no frills, A frame. I've decided to build on another property I own, that's where my heart is, I should have never changed directions.

[allen84]

For anyone interested, these are the terms I will offer... and yes they are negotiable.
I am asking $59,900 I will finance for 20% down (about $12,000) @ 4% interest
Payments would be about $230 a month on a 30 year note or $400 for 15 years.

I know most of us are trying to kill our bills but I am extending an offer that can help someone who can't get bank financing for land. They typically want 40% down.

[loghousenut]

Move it closer to home and I'll take it.

[allen84]

Add a few zeros to the check and consider it done, I'll order in the dump trucks :) Well.. I donno if I could do that. The whole community has strongly opposed a rock quarry for years. This is and will be even more of a prime area to live in years to come. Located very close to River/Lake/streams. All kinds of wildlife.. deer, turkey, coyote, cats and more. Less than an hour to Nashville but in the peace and quiet of the Tennessee hills.

[allen84]

We've had a few bites but no takers and have also debated keeping it. We're up in the air but willing to sell. I will extend an offer of 0% financing, with a 20% down payment, to folks from this site. Debt to be paid in 5 years @ 0% interest. Find a bank that will offer that! :)

[allen84]

I negotiated til I was blue in the face to get 0% owner financing on some other land I also own free and clear. Punch the numbers in a mortgage/ loan calculator and see how much money you will save.

[spiralsands]

5 acres for 59.9K??????? Seriously?????? Are the rocks made of gold?? Sorry to sound so cynical but YIKES!!!

[allen84]

Lots of rocks, don't think I've seen any gold ones. I live about 30 minutes closer to Nashville. The building lot down the street from my house (less than 1/4 acre) recently sold for over $40K. They've already built and sold a home for $265K. I have a neighbor from New York, he loves it here in Tennessee, says he'll never go back... Trust me, it's worth the high price to live here :)

[Mosseyme]

Occasional snow that clogs everything up and gives the northerners a chance to make fun of us until they get to try it down here. No mile high snowbanks. No state taxes. Some of the most reasonable cost of living cities in the country. Down home southern hi yall, and bless your hearts. Hard working folks that just get on with it.
A few years ago Nashville got 10-12" of rain in as many hours and was flooded so deep the General Jackson paddle wheel that was usually tied up to the dock near Opryland had to be tied off to the tops of the trees. Most of the country never heard about it. Almost no media, and almost no one in the country out side of TN even knew about it. No one stood on the street corners holding up "help us" signs and screaming and shooting at people trying to help. In severely flooded neighborhoods everyone just went to work digging out the most dangerously flooded homes, making sure everyone was ok, then moving on to the next in groups "gangs" if you will to help the next guy. It was an amazing thing to see given the yelling going on in other parts of the country at that same time for somebody else to fix it.
A few weeks later Anderson Cooper I think it was apologized and said he never even heard about the devastation in Nashville to report on it.
I know that there are many places in this country that also have self help people but just saying there are some great reasons for living in this hillbilly country. And yes in some areas the cost of land is skyrocketing precisely because people are discovering this.

[allen84]

Shhh, no state income tax is a secret. Ya, all that flooding, homes and businesses completely under water, nobody asking for handouts and no looting. Only downside to TN is just as you said, people are figuring it out... I've met a few outsiders lately that maybe should have stayed outside, they don't get it. There is also the humidity and a few sorry politicians, win some lose some I guess. I've lived other places, further north and further south, I wouldn't move away from Tennessee for anything.

[thoner7]

TN is great I would love to move there. Land is gett pricy though I've been watching it skyrocket the last few years.

[spiralsands]

Everything is hot on the market till it is not. Think Florida. I don't care if Tennessee is like heaven. I don't care if anyone likes it. I would not pay that kind of money for a lot anywhere. I looked all over this country for land. I saw Tennessee marketed heavily at home shows at high prices. LOts of Floridians had the the Tennessee dream about 10 years ago. That means it is highly speculative and the value will drop like one of those big rocks when another part of the economy drops out. Even in a steady market you can lose a lot of money on a land buy when the prices are high when you buy. Go ahead and do what you want. I'm not trying to talk anyone out of throwing money away. I'm just seeing a lot less economic sense here lately and a lot more popular thought.

[Mosseyme]

Economic's include a lot more than just the price of the land. We have 10 acres and a 3000 sf home with no additional charges for garbage pickup and all our water for no extra charge 3 miles from town and our property tax is less than $1000 a year. We don't pay state income tax and while our sales taxes are more than some the difference is narrowing lately. We are within a days drive of the Atlantic, the Gulf, Canada and as far as Colorado. Our fuel prices are usually .50 to a 1.00 less than a lot of the country and milk can still be found for less than $3.00 a gallon. Lots of different reasons people chose different places to live and isn't it great. If everyone wanted to live in upstate NY you wouldn't have been able to get such a great price on your land and likewise most people had not yet discovered the beauty of the mountains of WNC when we found our place for less than $1000 an acre. I would love to live in Montana or Oregon or Idaho or Colorado or any of a dozen other places. We had to chose one. The rest we will have to visit.

[BoFuller]

Different strokes for different folks. Lots of reasons for deciding. Cost was high on our list, but close to grandkids was also. We got 40 acres for $32,500.
Yes I would enjoy Tenn, Montana, Idaho, Col, but those are all too far from grandkids. AZ was the only thing that made sense for us.

[Mosseyme]

Agreed! Almost all else pales to the need to be with those grandkids. Earlier this week we drove 3 hours after work to spend 2 hours with some of ours.

[thoner7]

What town are you in Mossey?

[thoner7]

oops for double post

[thoner7]

5 acres for 59.9K??????? Seriously?????? Are the rocks made of gold?? Sorry to sound so cynical but YIKES!!!

That's nothing, just down the street from me they are selling a 1/3 of an acre lot for 52k http://rochester.craigslist.org/reo/4970322682.html

[Mosseyme]

Half way between Knoxville and NC.

[allen84]

It's all relative like anything else. Do you want the chicken nuggets or the filet? There was an auction nearby about last august or so I think. Bids were per acre. I think everything sold for around 14k-17k per acre give ortake. Even the tract that was 20-25 acres went for that. I watched, too deep for my pockets. Land doesn't grow on trees, some might argue that money can. Truth, very little. I'd say one can live from what the tree bears... Price of land will forever go up.

[allen84]

Hot market or not. In time, value will inevitably increase.

[Mosseyme]

Yes it does come down to what you want and what your pockets can and are willing to pay. The guy next to us in NC had a lot of bad mouthing to do about us getting our land so cheap. "Oh they are going to go divide it all up and we will have cabins all over the place and it will be ruined." So fast forward 5 years and he divides his 69 acres into 5-10 acre lots and markets them in Fla. for $20,000 and acre. He got a couple of takers pushed our property taxes up x 5 then 2008 happened and they have been sitting there since then until this last year. He sold the one next to us and now we have neighbors but the last I saw the prices were around $5,000 and acre. You have to understand though, this is 2 miles up a NF road and 8 miles to the nearest gas pump and 15 miles to the nearest town. When we bought it the grid was 3 miles away. Now we have 7 transformer boxes along the road on our land. Guy next door spent a lot of money getting the grid to his place then the guy up the road a mile past us spent another $60,000 getting the grid to his place. We are not real popular with either one of them because we refused to contribute. Grid brings people and we came out here to get away from all that. With the Harrahs opening this fall we expect they will end up paving the 8 miles of gravel road through here so they can bring the TN crowd in easily and our taxes will triple again and we will have unending traffic. I think way up there where you can get cheap land in Canada with no roads and fly in access is the only place you might get away from the crowds for a few more years. Regardless we were looking for 10-20 acres of somewhat private land 20 years ago when we started looking so whatever happens we have had some beautiful peaceful moments out here that we would not have had. Saved my sanity in the chaos of life many times.

[allen84]

You can't complain though... taxes might have gone up but so did your property value. They re-assessed the property values in this county last year. Property values and taxes increased quite a bit and there was a big stink about it. They shouldn't do it again for at least 5 years I think. Taxes on this 5 acres right now is under $400 a year. About $350 if I recall correctly.

[Mosseyme]

Actually I can complain. Increased land value is only good if you plan to sale. We don't. Ever. Our property tax went from $600 to over $8,000 and mostly because he jacked the price up so high and marketed it to Fla where folk thought it was a good deal compared to what they would pay down there. Now he is trying to sale it for 25% of what he jacked it up to but the reduction of the price on it did not translate to a reduction of 75% tax rate that they jacked it up to

[spiralsands]

$8000!!!! holy curse word!!!!

[donjuedo]

Can you appeal, Mossey?

[Mosseyme]

Some of the neighbors have already tried the appeal. They reassessed and went down a little for 1 year then upped the mil and it was right back almost up to where it had been. We have a brand new correction facility and every law enforcement person has a brand new Charger and there are a lot more of them. This is on over 200 acres but at the moment it is considered unimproved. It seems like an appeal would be a good idea because 9 out of 10 acres is 45 degree slope or greater but so is the acreage of the neighbors that have appealed.

[thoner7]

Wow $8000 a year? That can't e right for TN. That's like an average track home around me in NY.

Why don't you go for the green belt tax deduction?

[Mosseyme]

This is in NC.

[spiralsands]

...The guy next to us in NC had a lot of bad mouthing to do about us getting our land so cheap. "Oh they are going to go divide it all up and we will have cabins all over the place and it will be ruined." So fast forward 5 years and he divides his 69 acres into 5-10 acre lots and markets them in Fla. for $20,000 and acre. He got a couple of takers pushed our property taxes up x 5 then 2008 happened and they have been sitting there since then until this last year. He sold the one next to us and now we have neighbors but the last I saw the prices were around $5,000 and acre. You have to understand though, this is 2 miles up a NF road and 8 miles to the nearest gas pump and 15 miles to the nearest town. When we bought it the grid was 3 miles away. Now we have 7 transformer boxes along the road on our land. Guy next door spent a lot of money getting the grid to his place then the guy up the road a mile past us spent another $60,000 getting the grid to his place. We are not real popular with either one of them because we refused to contribute. Grid brings people and we came out here to get away from all that. With the Harrahs opening this fall we expect they will end up paving the 8 miles of gravel road through here so they can bring the TN crowd in easily and our taxes will triple again and we will have unending traffic. I think way up there where you can get cheap land in Canada with no roads and fly in access is the only place you might get away from the crowds for a few more years. Regardless we were looking for 10-20 acres of somewhat private land 20 years ago when we started looking so whatever happens we have had some beautiful peaceful moments out here that we would not have had. Saved my sanity in the chaos of life many times.

You have beautifully stated why I was appalled at the homeshows in Florida. I did not want to follow the Florida lemmings to the "dream life" in either NC or TN. I looked in all 50 states and water was my priority. Where I ended up is not and never will be a popular destination for Floridians or Long Islanders. (I say that because I have friends from both places who went to either TN and NC from NY or FL and are always suggesting that I follow them there.) Upstate NY is a well kept secret in my opinion. What's happening where you are happened in Florida 40 years ago. You'll never hear anyone say, "Hey I really want to live in Fulton county NY." And that's the way I like it. My place in Oppenheim, NY is considered too remote and boringly unpopulated by most everyone I know and they have worked on me to give it up and follow the crowd. Not much has changed in that area except for the models of cars. Outsiders are rare in Oppenheim and when one comes in, everybody knows it. I'm sorry this is happening to you now Mossey.

[Mosseyme]

Thanks I am sorry about the taxes to and hope to figure out that. I will never be sorry about buying this place. It is where my sanity lives. And it is close enough to my grandchildren that I can visit them frequently.

[allen84]

I considered going greenbelt on some other property I own but, currently, the taxes are very reasonable... Also, if I understand correctly (I could be completely wrong), if/when you sell the property you may be liable for the taxes you saved for all the years you got the deduction.

[allen84]

Bump for some price reductions/additions!

[John W]

Just saw a piece of land with a fairly ratty cabin in upstate NY. 33 acres, with the cabin, septic and well for $44,900. Off the grid though, no electric. Good enough for you to live in while you built your cabin.

[spiralsands]

Not a bad deal John, but where "upstate"?

[allen84]

BRRRRR, NY sounds soo cold, much less describing it as far north NY. We have had some brutal heat this past week, so that almost sounds really nice! There have been a few lookers this past week... But I started moving things around today to get ready for the inspector to come out and "inspect". We are expecting a new addition to the family in January and already running out of room in our current house. I think we are going to go ahead and proceed with the build!

[rreidnauer]

Not a bad deal John, but where "upstate"?
Far enough up that the locals say things like, "New York ya say, aye?"

[John W]

I search LandsofNewYork all the time, and saw it yesterday. Went to googlemaps and looked at where it was. Yup, way up north, in between sections of the Adirondack Park or one of the others up there. Went in just now, same search parameters, and don't see it, not even in the Sold section. Sorry folks, don't know why it's gone.

[allen84]

Buyers made a decent down payment. Financed them for 5 years at $40K.

[edkemper]

I'm very glad to hear that is behind you. Now to the future.

[soonerfan85]

WOW. Location Location Location.

I need to have my wife read this thread. She's balking at paying $3,500 per acre for 29 acres of gently rolling land in South Arkansas with a 3 acre pond, roads with culverts and hundreds of 20 to 30 year old loblolly pines right off paved state highway. Even has utilities at front of the tract. Lots of deer and turkey too. Perfect recreational tract and a couple of nice building spots. It is across the highway from the local airport, but I doubt the 3 commercial flights a day by a single engine Cessna Caravan will be much of a nuisance. :D Cleared land that's ready to build on goes for $5K/acre here.