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Sold for $122,000 on 08/11/23
  • $122,000

    LOT 5 Mallard Baye, Rutledge, TN 37861

    --beds
    --baths
    0.71Acres
    Single Family Residence, Land
    Built in ----
    0.71 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    Not available

    Zestimate® history
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    What's special

    Looking for land that is lakefront on Cherokee Lake? Check! That can have a private dock on the property? Check! Not in a flood zone? Check! Close to an acre of land with ample room for a front and backyard? Check! At a great community? Check! At a lower price than other available lakefront lots? Check! With low property taxes? Check! Well, quit looking. This parcel of land checks all the boxes! Buy this lot to build on or buy it and hold on to it as an investment. Your call! Lot 5 has sold twice within the last year, each time turning a profit for the seller. It is now owned by a developer that will be building on it in spring. But until then, he is listing if for sale. If it sells fine. If not fine. Then he will build a lakefront home and sell it that way. And, though he is obviously selling it for more than what he paid, this lot is still undervalued. Lakefront lots that can have a dock on the property are becoming rare. There is not a comparable lakefront lot in the area selling at this price! Total property taxes in 2021 were only $230. The lot has enough mature landscaping for you to create privacy between you and neighbors. Pick and choose what trees you wish to keep. Located in Grainger County, with its scenic farmland but close to everything. Cherokee Dam, with year-round facilities for unloading your boat, grilling stations, a public beach, restrooms, pavilion, and campground is within 8 miles. Jefferson Memorial Hospital, a 4-star nationally ranked health care provider, is 12 miles. Shopping? 15 miles from Walmart and Lowe's. Knoxville is within 37 miles. Pigeon Forge, less than an hour. Tennessee offers the advantage of NO State Income Tax and some of the lowest property tax rates anywhere. Four full, mild seasons, within a day's drive of most of the nation, and the Great Smoky Mountains in its backyard. You can have all this and access to Cherokee Lake, with its world-renowned fishing, and boating activities. Live the Cherokee Lake Life!

    Zillow last checked: 8 hours ago

    Listing updated: August 29, 2024 at 12:50am

    Listed by:

    Felix Valdes 865-471-8222,

    Cherokee Lake Realty

    Bought with:

    Felix Valdes, 314535

    Cherokee Lake Realty

    Source: Lakeway Area AOR,MLS#: 609197MLS Logo

    Facts & features

    Property

    Features
    • Fencing: None
    • Has view: Yes
    • View description: Lake, Mountain(s)
    • Has water view: Yes
    • Water view: Lake
    • Waterfront features: Lake Front
    • Body of water: Cherokee Lake
    Lot
    • Size: 0.71 Acres
    • Dimensions: 119/249/134/234
    • Features: Gentle Sloping, Other
    Details
    • Parcel number: 5.00

    Utilities & green energy

    • Sewer: Septic Needed
    • Water: Well Needed
    • Utilities for property: Electricity Available, DSL Internet, Fiber Internet, Satellite Internet, Other

    Community & neighborhood

    Community
    • Community features: Other
    Location
    • Region: Rutledge
    • Subdivision: Mallard Bay

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $6 monthly
    • Association name: Mallard Baye

    Price history

    DateEventPrice
    8/11/2023Sold$122,000-9.6%
    Source: Lakeway Area AOR #609197
    7/19/2023Pending sale$134,900
    Source: Lakeway Area AOR #609197
    6/26/2023Price change$134,900+3.8%
    Source: Lakeway Area AOR #609197
    7/31/2022Listed for sale$129,900+58.4%
    Source: Lakeway Area AOR #609197
    7/15/2022Sold$82,000-1.1%
    Source: Lakeway Area AOR #608626

    Public tax history

    Tax history is unavailable.

    Neighborhood: 37861

    Nearby schools

    GreatSchools rating