Riverbend Tract 22 - Raw Land For Sale

This scenic property is located in Wayne County, 22 miles northeast of Somerset, Kentucky, 100 miles south of Lexington, Kentucky, and 150 miles southeast of Louisville, Kentucky.

This property has been professionally surveyed. All corners have been staked and pinned. County and unmaintained dirt roads are established for access to all existing lots.

Currently, there are no power lines established on this property. South Kentucky Rural Electric Cooperative Corporation provides 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 Kentucky Well driller for further information and proposed costs. Emergency services can be reached by contacting Lucas Murphy or Corey Byrd at 1-606-307-3833

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

A minimum of $199 down payment is required for purchase. Closing costs are currently a nominal $199.00 for us to prepare all of the legal documents required for the contract for deed. Note: Our Basic Package ($199 Down) only applies to properties up to $49,999.

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. Note: There is an $18 monthly servicing fee on all contracts; this fee can be waived if the buyer elects easy monthly automated payments.

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 732 feet.

The zoning allows Residential/Recreational. The approximate annual property taxes are less than $3 per acre per year and are current.