This 38.76 acres has timber.To cut the timber, you will have to build road off the entrance on Hwy 142. Property is at the back of Oak Meadows Sub-Division. 38.76 ac. has access on Hwy 142(will have to build road to the existing road on property).Surveyed (27 lots) survey on water approved. Soil test approved. Road bed built.Culverts in- ready to gravel. Come purchase, cut the timber and clear for a sub-division or resell.
From Selmer, take Hwy 45S to a left on Hwy 142. Take it to Stantonville, turn right onto Hwy 224 (Michie-Pebble Hill Rd.) - entrance into Oak Meadows is on the left. Turn left and go thru sub-division to the back - property starts at end of street.
The approximate monthly Principal & Interest payment for this property would be $490. This payment is based on a 30-year loan at a fixed rate of 3.85 % with a down payment of $11,000. Actual lender interest rates and loan programs may vary.
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