Olive Hill Tract 5 - Developed Land For Sale

This scenic property is located in Lamar County, approximately 12 miles west of Guin, Alabama, 18 miles south of Hamilton, Alabama, and 66 miles north of Tuscaloosa, Alabama.

This property has been professionally surveyed. All corners have been staked and pinned. County roads and unmaintained dirt roads have been established for access to all existing lots. Note: For road maintenance, please see covenants.

Currently, there are power lines in place for this property for certain lots along the county road. Alabama Power and Tombigbee Electric Cooperative provide power for this area, and electricity can be extended to the property at the buyer’s expense. You are entitled to drill a domestic well on your property at your own cost. Water is not guaranteed to be available at any specific depths, quantity, or quality. Contact a Licensed Alabama Well driller for further information and proposed costs.

Maintained county road frontage to the property entrance and unmaintained dirt mountain roads to existing lots.

A minimum of $199 down payment is required for purchase. Closing costs are currently a nominal $249.00 for us to prepare all of the legal documents required for the contract for deed.

We do not do credit checks and you are instantly qualified to purchase. We have our own in-house financing available. Your payments will be made to Classic Country Land, LLC. You can choose to make your monthly payments online on our Make A Payment portal or sign up for Autopay.

Yes, beginning the very day you sign the purchase contract, the land is yours to use and enjoy. You will receive your Warranty Deed once you pay off your property.

There is absolutely no prepayment penalty. Your monthly payment is applied to your account balance using simple interest on the unpaid balance. All extra monthly payments will be applied directly to the principal. All extra payments will directly lower your balance, reducing the overall interest you pay on your purchase.

A buyer is never obligated to a timeframe to build on their property.

While there is no guarantee of profit from any land sale, historically land prices have increased in value. We believe there are many reasons for this upward trend, including inflation, population growth, a decreasing land supply, the public’s desire for a more natural environment, the trend toward movement away from urban areas, and the increasing popularity of outdoor recreational activities.

Offers are discouraged as the properties are priced for immediate sale under our “No Haggle” pricing policy. Discounts are based on the finance plan that you choose.

The properties have been priced according to our “A B C” analysis and consideration of the proximity of the parcels to existing electricity. “A B C” stands for Access, Beauty, and Character. In other words, how good, quick, or easy is the access to the property from the main highway or county road. The beauty of the property mainly pertains to the vegetation and scenery. The character of the property refers mainly to its topography, for example: Is the parcel flat, rolling, steep, etc.

The average elevation is approximately 463 feet.

The zoning allows Residential/Recreational. Property taxes on rural, undeveloped land are generally very inexpensive; however, the amount can vary based on location and the value of surrounding properties. Please ask your sales associate if you need a more accurate estimation of a given tract.