NOT LISTED FOR SALE

Estimated Value: $176,000 - $283,000

3 Beds
2 Baths
1,270 Sq Ft
$184/Sq Ft Est. Value

Sale Details

Date Sold: November 2, 2023

Last sale price $198,150 $156 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,316 / mo

75 Days on Market

Highlights

  • Docks
  • Lake Privileges
  • Traditional Architecture
  • Waterfront
  • Deck
  • No HOA

About This Home

As of November 2023

Nestled near the serene shores of Cherokee Lake, this 3-bedroom, 2-bathroom gem is the epitome of peaceful living with spectacular lake views that will take your breath away. Imagine waking up each morning to the gentle caress of the lake breeze and sipping your morning coffee on your large deck while soaking in the stunning panoramic vistas of Cherokee Lake. With a generous 1270 sq ft of finished space, there's ample room for your family to thrive and create unforgettable memories in this charming abode.
For water enthusiasts, the true magic of this property is its Cherokee Lake access. Feel the excitement of boating, fishing, and water sports. Plus, there are not one but two storage sheds to keep all your water toys, gardening tools, and outdoor gear organized. And that's not all - this home comes with a grandfathered dock, authorized by TVA (Tennessee Valley Authority), a true rarity and a priceless addition to your lakeside lifestyle. Spend your weekends basking in the sun or enjoying tranquil sunsets over the water, creating cherished moments with family and friends.

Looking to make this investment even more rewarding? The option for short-term rental potential opens up new possibilities, allowing you to generate extra income while not using the property. Your lakeside retreat can be a sought-after destination for vacationers, providing you with a great return on investment. With all these incredible features and priced at just $250,000, this property represents an unbeatable opportunity for anyone seeking a lake property that doubles as a wise investment. Embrace the tranquility of lake living, create memories that last a lifetime, and reap the rewards of this lucrative short-term rental potential.

Last Agent to Sell the Property

Amy Shrader

REMAX Real Estate Ten of Morristown License #324868 Listed on: 07/21/2023

REMAX Real Estate Ten of Morristown

Last Buyer's Agent

Non Member

Non Member

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Year Built

  • Built in 1961

Lot Details

  • 10,454 Sq Ft Lot
  • Waterfront
  • Level Lot
  • Property is in average condition

Parking

  • Driveway

Property Views

  • Water
  • Mountain

Home Design

  • Traditional Architecture
  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,270 Sq Ft Home
  • 1-Story Property
  • Wired For Data
  • Entrance Foyer
  • Living Room with Fireplace
  • Crawl Space

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Docks
  • Lake Privileges
  • Deck
  • Covered Patio or Porch
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 061e A 008.00

Home Details

Home Type

Single Family

Year Built

Built in 1961

Lot Details

10,454 Sq Ft Lot

Listing Details

  • Directions: Lakeshore Dr to left on Gilmore. Go up hill and then right on Slope. House on right.
  • Prop. Type: Residential
  • Year Built: 1961
  • Property Sub Type: Single Family Residence
  • Subdivision Name: Not Listed
  • Architectural Style: Ranch, Traditional
  • New Construction: No
  • Reso Structure Type: House
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.24
  • General Property Description Zoning2: Residential
  • General Property Description Elementary School3: Out Of Area
  • General Property Description Middle School2: Out Of Area
  • General Property Description High School3: Out Of Area
  • General Property Description HOA YN: No
  • Water Public: Yes
  • General Property Description Lot Dimensions: 106x118.8 IRR
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 1270.0
  • General Property Description Above Grade SqFt: 1270.0
  • AC Central Air: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • TopographyLot Description Level2: Yes
  • General Property Description Parcel ID2: 061e A 008.00
  • General Property Description # Fireplaces: 1
  • Style Ranch: Yes
  • Roof Shingle: Yes
  • General Property Description Stories2: 1
  • View Mountain(s): Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Carpet: Yes
  • Flooring Laminate: Yes
  • Other Rooms Laundry: Yes
  • Utilities Cable Available: Yes
  • Foundation Block6: Yes
  • View Water2: Yes
  • Property Condition Average: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Other Structures Storage2: Yes
  • Structure Type:House: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Electric Range, Microwave, Range, Refrigerator, Washer
  • Has Basement: Crawl Space
  • Flooring: Carpet, Laminate
  • Interior Amenities: Primary Downstairs, Entrance Foyer, Wired for Data
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Fireplaces: 1
  • General Property Description Baths - Full: 2
  • Appliances Range: Yes
  • Fireplace:Living Room: Yes
  • Interior Features:Entrance Foyer: Yes
  • Appliances:Electric Range: Yes
  • Basement:Crawl Space: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features:Wired for Data: Yes

Exterior Features

  • Property Condition: Average
  • Roof: Shingle
  • Other Structures: Storage
  • View: Water, Mountain(s)
  • Waterfront Features: Lake Privileges
  • Exterior Features: Dock
  • Acres: 0.24
  • Topography: Level
  • Waterfront: Yes
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Block
  • Patio And Porch Features: Covered, Deck, Porch
  • Exterior Finish Vinyl Siding: Yes
  • PorchPatioDeck Covered: Yes
  • PorchPatioDeck Deck: Yes
  • PorchPatioDeck Porch: Yes
  • Exterior Features:Dock: Yes
  • Waterfront Features:Lake Privileges: Yes

Garage/Parking

  • Parking Features: Driveway
  • Attached Garage: No
  • Parking Features:Driveway: Yes

Utilities

  • Heating: Central, Electric
  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Out Of Area
  • High School: Out Of Area
  • Middle Or Junior School: Out Of Area

Lot Info

  • Zoning: Residential
  • Lot Dimensions: 106x118.8 IRR
  • Lot Size Sq Ft: 10454.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 061e A 008.00
  • ResoLotSizeUnits: Acres

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2023
Closed on
Oct 30, 2023
Sold by
Bought by
Seller's Agent
Amy Shrader
REMAX Real Estate Ten of Morristown
Buyer's Agent
Non Member
Non Member
List Price
$250,000
Sold Price
$198,150
Premium/Discount to List
-$51,850
-20.74%
Views
337
Current Estimated Value
$233,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,315
Avg. Annual Appreciation
6.03%
Original Mortgage
$158,520
Outstanding Balance
$154,120
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$79,345

Purchase Details

Closed on
Aug 27, 2011
Sold by
Bought by

Purchase Details

Closed on
Sep 27, 2010
Sold by
Bought by

Purchase Details

Closed on
Nov 10, 1999
Sold by
Bought by

Purchase Details

Closed on
Jan 1, 1981
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$198,150 Admiral Title
-- --
-- --
$12,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $158,520
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/02/2023 11/02/23 Sold $198,150 -20.7% $156 / Sq Ft
10/05/2023 10/05/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $250,000 -- $197 / Sq Ft
Source: Tennessee/Virginia Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $401 $17,050 $4,525 $12,525
2024 $401 $17,050 $4,525 $12,525
2023 $401 $17,050 $4,525 $12,525
2022 $392 $17,050 $4,525 $12,525
2021 $392 $17,050 $4,525 $12,525
2020 $358 $17,050 $4,525 $12,525
2019 $358 $12,800 $3,275 $9,525
2018 $310 $12,800 $3,275 $9,525
2017 $310 $12,800 $3,275 $9,525
2016 $310 $12,800 $3,275 $9,525
2015 $286 $12,800 $3,275 $9,525
2014 $286 $11,429 $0 $0
Source: Public Records

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9954520

Tennessee/Virginia Regional MLS

APN: 061E-A-008.00

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