4.6 Acres in Memphis, IN – Wooded, Creek, and Close to Expressway

A creek runs through the back portion of the property. There are 1.5 acres starting at the road and going back towards the creek that are not in the flood plain. Plenty of room for a house and septic field. Most of the remaining acreage is in flood plain due to creek.

Located in an area of homes with acreage but still close to the expressway. I-65 is less than 5 minutes away while maintaining the country feel.

Electric and water are available at the road. Mobile homes are not allowed on the land per a deed restriction.

Purchasing Options:

Seller Financing: $69,900.00. $7,000.00 down and $998.14 a month for 108 months. The total monthly payment includes: $955.09 of principal & interest, $20.00 loan servicing fee, $23.05 property taxes, and $0.00 HOA dues. There are no prepayment penalties!

** Monthly principal & interest of $955.09 based on a financed purchase price of $69,900.00 less the downpayment of $7,000.00 for a net amount financed of $62,900.00 that is payable over 108 of equal installments with an amortized interest rate of 12%.

Discounted Cash Price: $68,000.00.

Nearby Attractions:

Falls of the Ohio: Located on the banks of the Ohio River at 201 West Riverside Drive, Clarksville, Indiana, is Falls of the Ohio State Park. The 390-million-year-old fossil beds are among the largest exposed Devonian fossil beds in the world. The park features a spectacular interpretive center overlooking the fossil beds featuring new interactive, immersive exhibits.

Visit Louisville, KY: Yes, Bourbon is a spirit that comes in a glass, but it’s also a spirit that defines our culture and compassion, our arts and parks, our creative energy. It’s this same spirit that continued and created Louisville itself – a city that combines heritage with innovation, authenticity with originality, quirkiness with friendliness in a way that’s completely unique to our region.

Hoosier National Forest: Hoosier National Forest, in the hills of south central Indiana, provides a wide mix of opportunities and resources for people to enjoy. Rolling hills, back-country trails, and rural crossroad communities make this small but beautiful 203,000 acre Forest a local treasure. Forest managers work with the public to develop a shared vision of stewardship focused on restoring, maintaining, and interpreting the cultural and natural resources of our public lands.

Property Details:

NEAREST LARGE CITY: Louisville, KY
STATE: Indiana (IN)
COUNTY: Clark
ADDRESS: 517 Biggs Rd, Memphis, IN 47143
SIZE: 4.60 Acres
APN(s): 10-10-23-700-041.000-032 / 0 / 0 / 0 / 0 / 0
GPS COORDINATES: 38.501741,-85.778572
PROPERTY ELEVATION: 480 feet above sea level
TAXES: No back taxes, approximately $ 276.64 per year total
HOA Dues: Approximately $0.00 per year total
ACCESS: Paved
ZONING: Agricultural
SEWER: Would be Onsite Septic
WATER: City Water
DISTANCE TO ELECTRIC: available along the road
FEMA FLOOD ZONE: Yes
TERRAIN: Level
CONVEYANCE: Warranty Deed
TITLE: Free and Clear
FSL ID: IN-CLA-89128