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$2,397.00

0.12 acres | Residential Zoning

This 5227 square foot property is located at 623 Dr. Martin Luther King Jr. Dr. in beautiful Jackson, Tennessee. The lot is flat and on a paved road, with electricity along the street. The property is with in the city limits of Jackson, so good possibility that utilities are city provided, but verification of this is recommended. The neighborhood seems to be established. There is a church east of the property, other vacant lots and not far from other commercial areas. Don’t miss out on this opportunity today!

Land Specifics

Property Number 11458
Size 0.12 acres
Dimensions 50' x 100'
Road Access Paved Road
Slope Description Mostly Flat
Zoning Residential
Zoning Code RG-1 (General Residential)
Zoning Definition

RG-1 (General Residential): Permitted uses include Detached single-family dwellings but not including trailers or mobile homes, Agriculture crops, but not the raising of farm animals or poultry, Two-family dwellings. Property setbacks: Front 25 ft, Side 8 ft, Rear 10 ft. Lot area: single family 7,500 sq ft; two family 9,000 sq ft. Max lot coverage 30%. Max height 2 ½ stories.

On Property Usage/Potential
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Location

County Madison
State Tennessee
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Additional Information

Assessor Parcel Number (APN) 057087B N 016.00
Estimated Annual Taxes $6.00
Legal Description

BEGINNING at a stake in the north margin of Madison Street 58 feet, more or less, east of the east margin of an alley known as First Street, the beginning point also being the fence erected between this property and the property heretofore conveyed to W.L. Boon by Joe VarnellJr; runs thence east with the north margin of Madison Street 50 feet, more or less, to a stake and another fence erected between this property and the property on the corner of Madison Street and Middle Avenue; thence north 100 feet, more or less, to a stake in Pollard's (formerly Casey's) south line; thence West with Pollard's South boundary line 50 feet, more or less, to a stake; thence south along said fence first above mentioned 100 feet, more or less, to the point of beginning in the City of Jackson, Madison County, State of Tennessee.

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Finance Terms

Purchase Price $2,397.00
Interest Rate 9.7%
Loan Term 2 years 6 months
Total Monthly Payment $95.16

Due Today

Down Payment $149.00
Document Fee $149.00
Transfer Tax $8.87
Total Due Today: $306.87

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Purchase Price $2,397.00
Your Pay in Full Discount -$479.40
Your Price Today = $1,917.60
Document Fee + $149.00
Transfer Tax + $8.87
Total Due Today $2,075.47
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