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Lot 1 Lakeshore, Rutledge, TN 37861

$54,900
  • Lot 1 Lakeshore, Rutledge, TN 37861 Main Photo

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New to the Market Active
LOT SIZE 0.540 acres MLS#712446
STATUSActive PROPERTY TYPELand - Residential

Property Description

Owner financing available. Call for information on the terms.Rare opportunity to own a parcel of land with direct access to Lakeshore Drive. All the adjacent lots were sold years ago and have very nice homes built on them. Lot 1 was held by the developer to build a personal home but is now being made available. On one side of the lot is the private entrance to the gated Shiloh Springs Subdivision. A nice group of mature trees will provide shade and extreme privacy on that side. The building area of the land is cleared saving you the thousands of dollars it takes to clear a lot of this size. The short distance to Lakeshore Drive will also save you the cost of concrete when building a driveway. Plus, public water is available. This is huge as the current cost of building a well will run you $20,000 plus. When you take into consideration the savings on clearing the land, cost of a driveway, and well drilling when you get ready to build your home, this lot is a steal. Lakeshore Drive in one direction will take you to the city of Morristown. The other direction will take you to Jefferson City. Conveniently located to shopping and medical facilities in both cities. There are two Walmarts and two Lowe's within 18 miles. Hospitals? There are also two within 16 miles. Schools, shopping, golf courses, and dining are all close by. Tennessee, a state that offers the advantage of NO State Income Tax and some of the lowest property tax rates in the nation. 4 full, mild seasons, and no destructive hurricanes, or flooding with this lot. You can have all this and have close access to Cherokee Lake, with its world-renowned fishing, boating, and recreation! Live the Cherokee Lake Life!

Lot 1 Lakeshore | MLS# 712446

This land located at Lot 1 Lakeshore, Rutledge, TN 37861 is currently listed for sale with an asking price of $54,900. The property has approximately 0.54 Acres. Search Rutledge real estate on www.franklinrealty.com today.

Property Features

Property Type: Land - Residential
Lot Size: 0.54 Acres

Feature Descriptions

Days on Site: 6
HOA Y/N: No
Lot: Cleared
Parcel #: 061F B 00100 000
Possible Use: Single Family
Sewer: Septic Needed
Special View Info: Hills, Valley, Mountain(s)
View: Hills, Valley, Mountain(s)
Water: Public

Listed By / Shown By

Listed By

Agency Name: Cherokee Lake Realty
Agency Phone: (865) 471-8222

Shown By

Agency Title: Franklin Realty Inc.
Agency Phone: 865-484-0660

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Estimate Your Payment

Estimated Payment

$ 352.61 per month $336.60 Principal & Interest $0.00 Property Tax (data not provided by mls) $16.01 Homeowner's Insurance

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