Lot 5 Mallard Baye, Rutledge, TN 37861

$129,900
List Price
$129,900
MLS#
609197
Status
ACTIVE
Type
Land
City
Rutledge
County
Grainger

Property Description

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 year-end. But until then, he is listing if for sale. If it sells fine. If not fine, he will build a lakefront home and sell it that way. And, even 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. More things to do? Knoxville is 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!

Additional Information

Acres
0.71
Lot Description
Lake Front
Subdivision
Mallard Bay

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Cherokee Lake Realty.