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Lot #55

Lot description:
50 acres @ $299 per acre, US$14950.

This land has level terrain with very gentle southern facing slope. The soil is sandy. Typical scenery is one of sparse shrubs, small trees, grassy meadows, level to gently undulating, creeks emptying into rivers. Annual property taxes amount to about US$50 per parcel. There is no obligation to farm. No building restrictions. No well drilling restrictions. View of river valley to the South, and distant Bahia escarpment to east.

These lots would have a direct access to river if adjoining riverfront lot is purchased. We have reserved a few riverfront lots to be purchased with 50 acre lots at a 10% overall discount!

Price:
50 acre parcels US$14,950 ($1495 down payment, 120 monthly payments of $138.29)
Principal borrowed: $13,455.00
Annual Payments: 12 Total Payments: 120
Annual interest rate: 13.99% Periodic interest rate: 1.1658%
Regular Payment amount: $208.83 Final Balloon Payment: $0.00

Or Owner will finance any of the properties at 10% simple interest rate with 20% down payment on a five year loan.

50 acre parcels US$14,950 ($2990 down payment, 60 monthly payments of $168.28)
Principal borrowed: $11,960.00
Annual Payments: 12 Total Payments: 60
Annual interest rate: 10.00% Periodic interest rate: 0.8333%
Regular Payment amount: $254.11 Final Balloon Payment: $0.00



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