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1062 Horn Bottom Road

 
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Bed: 3
Bath: 2
1/2 Bath: 0
Sq. Ft.: 980
Acreage: 14.20

$200,000

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Community: Forest City in Rutherford County

Bed: 3
Bath: 2
1/2 Bath: 0
Sq. Ft.: 980
Acreage: 14.20
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Wow, just Wow. This listing offers so many different opportunities. First of all the location. How can you be just 5 minutes from downtown Forest City and city life and at the same time find yourself in a unique county setting. What an unbelievable opportunity to make this 14 acres into something uniquely yours. For investors what a unique opportunity with countless possibilities. Property is within Forest City ETJ.

Listed by RE/MAX Journey
Attribution: leidyjd@gmail.com
Original Listing Price: 200,000
MLS #: ‍4228040
Listing Status: Active
Days on Market: 61
Buying Firm Commission: Test

Based on information submitted to the MLS GRID as of 2025-05-06 at 9:45AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Directions: From Main St. downtown Forest City. Go to Dollar General store, turn onto Vance St. which turns into Horn Bottom Rd. apro 1.7 miles - property on the left, sign at road.

Disclaimer: The map service includes search results such as listings and related information provided by third parties. Walnut Cove Realty makes no representations or warranties regarding the accuracy or completeness of the information provided by these third parties.

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Property Features

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Basement/Foundation: None
Water: Well
Year Built: 1993
Subdivision: None
Exterior Features: Storage
Garage/Carport: Driveway
Heating/Cooling: Heat Pump
Cooling: Central Air
Floors: Carpet,Vinyl
Sewer: Septic Installed
Lot Description: Cleared,Creek Front,Hilly

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Purchase Price:
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Down Payment:
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Interest Rate:
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Amortization Period:
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Results:
Monthly payment including interest:
$1,013.37
Estimated Monthly Payment:
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Annual Salary:
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Annual Property Tax:
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Results:
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PITI using 28% RATE B:
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The 36% income is based on the PITI (mortgage principal plus interest amount plus your monthly property tax and home insurance), PLUS any other debt payments you must pay every month.
RATE B
The 28% income is based on PITI (Principal + Interest + Tax + Insurance) or more specifically, the mortgage principal plus interest amount plus your monthly property tax and home insurance the lender typically holds in an escrow account for you.
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Property tax rate (1% = $1000/yr for 100K house):
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Mortgage Insurance Premium (generally between $1000 and $5000 per year):
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By making a down payment of $15,000.00 and paying $1,500.00 per month, you will able to afford a home that costs $220,780.58 . You will need to qualify for a loan of $205,780.58.

Summary of Your Monthly Payment
Principal and Interest:
$1,136.70
Taxes and Insurance:
$279.97
Mortgage Insurance:
$83.33
Calculators brought to you by: 
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Schools

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  • High School: Unspecified
  • Middle School: Unspecified
  • Elementary School: Unspecified
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