Tract 5 is a great parcel as it is located directly along PigPen Hollow Road; the county road that fronts this beautiful development. You also have access just inside the entrance and there has been some partial clearing on this parcel. There is nice elevation change to this parcel as it has substantial level terrain along the main road eastern boundary and then has a gradual decrease in elevation towards the county road and into the hollow. Tree cover is moderate to heavy. With easy access, level to rolling moderate terrain, this would be the perfect parcel for a cabin, permanent residence or weekend getaway.
Land Specifics
The facts a title company would ask for. Fields render only when we have the data.
Acreage & Dimensions
6.45 acres
Road Access
Unmaintained road system established throughout the property, running down and across several ridges.
Terrain
Rolling hills with some mountainous terrain; roughly a dozen waterfalls on the property.
This scenic property is approximately 17 miles northeast of Waynesboro, Tennessee, 187 miles east of Memphis, Tennessee, and 94 miles southwest of Nashville, Tennessee.
What improvements have been made?
All property corners were marked at one time according to metes and bounds. In addition, all roads are dirt road construction including recorded easements which provide you permanent, legal access to your property. Professional Site Work – Conaway & Company (615)440-2193 <a href="http://www.conawaynco.com">www.conawaynco.com</a>. Note: For road maintenance, please see covenants.
What about utilities?
Currently, electric service is readily available along Pig Pen Hollow Road. Meriwether Lewis Electric Co-op, (931) 796-3116, Steve Skelton, <a href="http://www.mlec.com">www.mlec.com</a>. 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 Bryan Pope, Tennessee Dept of Environment and Conservation, (931) 722-9592. Contact a Licensed Tennessee Well driller for further information and proposed costs.
What will the road surface be like?
Maintained county road frontage to the property entrance and unmaintained dirt mountain roads to existing lots. Note: Roads can be a bit steep throughout; a 4WD vehicle is helpful, but not required. (varies per property)
Financing
What is the minimum down payment amount to purchase and are there closing costs?
A minimum of $999 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.
If I finance the property, to whom do I make my payments and how will I know I have received proper credit for my payments?
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 (https://www.classiccountryland.com/payment/card/) portal or sign up for Autopay.
May I use the land while I'm paying for it and when do I receive a deed to my property?
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.
Is there a penalty for paying off my land early?
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.
Does a buyer have to build a house within a certain time frame?
A buyer is never obligated to a timeframe to build on their property.
Can I resell my property in the future and make a profit?
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.
Can I make an offer and what kinds of discounts are available?
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.
Why are some properties more expensive than others?
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.
How does the contract-for-deed process work?
Once you and CCL agree on a property and payment plan, we send you a contract for deed to sign. After both parties sign, the land is yours to use while you make payments directly to us — no bank, no middleman. We hold the deed until the contract is paid in full, then convey it to you, completing your ownership.
Elevation & Weather
What is the average elevation of the property?
The average elevation is approximately 750 feet.
What is the average temperature throughout the year?
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec; 48° 53° 62° 71° 78° 85° 89° 89° 83° 72° 61° 50°
Zoning & Taxes
What zoning applies to the property, and what are the property taxes for the parcel?
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.
Land Use & Rights
Are mineral rights included?
By default, Classic Country Land retains the mineral rights where we hold them, so they don't automatically transfer with the land. But here's the good news: on many of our properties we do hold the mineral rights — and we're happy to sell them with your tract. If owning the minerals under your land matters to you, ask us: we'll tell you exactly what's available for this property and what it would add.
Is there an hoa or poa?
Not every property in our inventory carries the same restrictions. Many of our tracts have no HOA or POA at all, while some developments do include a property owners' association with its own dues and covenants. The recorded restrictions for your specific property control here — check the Restrictions document on this page, or give us a call and we'll walk you through exactly what applies to the parcel you're looking at.
Can I camp or park an rv on my land?
It depends on the property. Plenty of our land welcomes recreational camping and RV parking, especially while you're getting to know it before building — but some developments' recorded restrictions limit or prohibit it. Check the Restrictions document on this page for your specific property, or reach out and we'll tell you plainly what's allowed on the tract you're interested in.
Are mobile or manufactured homes allowed?
This varies by development. A number of our properties allow mobile or manufactured homes, while others' recorded restrictions call for site-built construction only. The Restrictions document on this page spells out what applies to your specific property — or just ask us and we'll give you a straight answer before you buy.
Is hunting allowed?
Many of our rural tracts are well suited to hunting, and plenty of owners use their land that way. Some developments' recorded restrictions do limit it, though, so this varies property to property. Check the Restrictions document on this page for your specific tract, or call us and we'll tell you exactly what's allowed.
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