540 Buchanan Peninsula Drive, Pickwick Lake, AL, 35616
$369,415
Land
Location
Property Highlights
Home TypeVacant Land
WaterfrontWaterfront
ViewWater
MLS #10067740
StatusActive
About 540 Buchanan Peninsula Drive
This beautiful deep water lot has 230 feet of waterfront in Bear Creek on Pickwick lake. Great building site in an exclusive neighborhood. This lot is one of only 47 in the neighborhood and affords tremendous sunset views, while also giving an expansive view of Bear Creek. Owner of this lot is also a 1/47 owner of a wooded section of Buchanan Peninsula. Neighborhood boat ramp. and can be permitted for a dock. This is a unique opportunity to own a lot in this neighborhood. Call today.
Property Details
Property Features
Listing Office:
Office Name: Crye-Leike Pickwick
Exterior Features
Exterior Information:
Waterfront: Waterfront
View: Water
Lot Features
Lot Information:
Lot: Waterfront, Irregular Lot
Other
Directions Information:
Directions: From Memphis Tn. go East on Highway 72 through Corinth Ms, then Iuka Ms. Turn left in about 8 miles from the Alabama/Mississippi line onto Riverton Rose Trail. Go to Buchanan Peninsula and then turn left. Lot on the right about 1/2 mile.
Price Information
Listing Price Info
Price Summary:
List Price: $369,415
What can I afford?
Understand what home price range makes sense for your budget.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,911
Per Month
Principal & Interest
$1,844
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,174
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Cherokee Elementary School
1305 North Pike
Distance between this listing and this school8.05 miles
Public District Grades PK-6
10
/10
New Bethel Elementary School
900 New Bethel Rd
Distance between this listing and this school21.61 miles
Public District Grades PK-6
8
/10
Underwood Elementary School
4725 Highway 157
Distance between this listing and this school22.06 miles
Public District Grades PK-6
Nearby Schools
4
/10
Pickwick Southside School
1970 Highway 57
Distance between this listing and this school20.84 miles
Public District Grades KG-8
4
/10
Hibbett School
1601 Appleby Blvd
Distance between this listing and this school21.92 miles
Public District Grades 5-6
4
/10
Sheffield Junior High School
1803 E 30th St
Distance between this listing and this school22.68 miles
Public District Grades 7-8
Nearby Schools
6
/10
Waterloo High School
311 School House Ln
Distance between this listing and this school5.89 miles
Public District Grades PK-12
4
/10
Cherokee High School
850 High School Dr
Distance between this listing and this school8.22 miles
Public District Grades 7-12
8
/10
Tishomingo County High School
701 Highway 72
Distance between this listing and this school10.24 miles
The neighbors living near this home have an average income of $38,611. Most Colbert County, AL residents have annual incomes less than $35k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 540 Buchanan Peninsula Drive
What is the listing price of this property?
The listing price of 540 Buchanan Peninsula Drive property is $369,415.
What type of property is this?
The property 540 Buchanan Peninsula Drive is land located in Pickwick Lake, Alabama, 35616.
Is this property for sale now?
Active Listing: 540 Buchanan Peninsula Drive is For Sale (Active/New) which means the seller is accepting offers.
Interested in 540 Buchanan Peninsula Drive? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 540 Buchanan Peninsula Drive in Pickwick Lake, AL and zip code 35616. It has been listed on Rocket Homes since March 28, 2021 and is currently priced at $369,415.
In October 2024 in Colbert County, AL there were 20% more homes for sale than in September 2024. The median list price of listings available in October 2024 was $251,000, while the average time on the real estate market was 140 days.
From Rocket Homes Real Estate and based on county public records data.