NOT LISTED FOR SALE

2830 Lowe Dr Talbott, TN 37877

Estimated Value: $310,000 - $410,000

57 Acres
$6,199 Price per Acre
2,482,920 Sq Ft Lot

Last Sold October 03, 2022

Last sale price $2,200,000 $849 Per Sq Ft

Current estimated payment $1,945/month

30 Days on Market

Highlights

  • Lake Front
  • 57 Acre Lot
  • Community Lake
  • Lake On Lot
  • Property fronts a channel
  • Wooded Lot

About This Lot

As of October 2022

If you have been on Cherokee Lake, like a lot of us, you have seen these mysterious sections of undeveloped land and wondered who owns them. Are they TVA owned? Privately owned? How can such lakefront land not be owned by someone? And why are they not developed, when prime land fronting Cherokee Lake has become so scarce? As the saying goes, they just ain't building any more of it. Well, this 57-acre parcel is one of these undeveloped, privately owned gems. 2,475 feet of prime Cherokee Lake main channel land between Cherokee Dam and Panther Creek State Park, owned by the same family since 1961. And for the first time in over sixty years available for sale now. Wow! Consisting of 6 parcels of land. Sales price is for all of the 57 acres. Main parcel consists of 53 acres. Parcels may be priced separately, call for information. Unlike some lake property that is for sale out there, this is main channel water. For those that don't know Cherokee Lake, and what this means - the water does not go away as TVA drops water levels in the fall and winter months. It does not disappear or dry up because it is at the tail end section of Cherokee Lake like some properties. Or vanish because the land sits on a cove. This is year-round water. There is nothing like this parcel of land available for sale on Cherokee lake. Nothing. Go look at other land for sale during the fall and winter months. There is no comparison. This is Cherokee Lake main channel land, year-round. And, what a prime location for future residents. Tennessee, a state that has NO State Income Tax and some of the lowest property taxes in the nation. Property is less than 6 miles to Walmart, Chili's, and Texas Roadhouse. 10 miles to health care and hospitals. You get the idea. Close to everything. So, who's a buyer? A family that wants to create a family compound? An investor? A developer looking for unrestricted non-HOA controlled land to build homes, townhomes, condominiums? Possibly a campground? We'll find out!

Last Agent to Sell the Property

Felix Valdes

Cherokee Lake Realty License #314535 Listed on: 06/07/2022

Last Buyer's Agent

Lauren Castle

CASTLE & ASSOCIATES REAL ESTATE License #268079

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,305

Lot Details

  • 57 Acre Lot
  • Property fronts a channel
  • Lake Front
  • Lot Has A Rolling Slope
  • Wooded Lot

Property Views

  • Lake
  • Mountain

Mobile Home

  • Mobile Home Allowed

Utilities

  • Septic Needed
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1.0

Community Details

Overview

  • No Home Owners Association
  • Community Lake

Recreation

  • Lake On Lot
  • Lake Privileges

Property Details

Property Type

Land

Est. Annual Taxes

$1,305

Lot Details

0

Listing Details

  • Possible Use: Farm, Multi-Family, Residential, Single Family, Subdevelopment
  • Fencing: None
  • Property Sub Type: Farm
  • Prop. Type: Land
  • Lot Size Acres: 57.0
  • Lot Size: 140/2769/2475/3762
  • Water Body Name: Cherokee Lake
  • Subdivision Name: n/a
  • Directions: Off Lowe Drive, Evolene Circle, and Island Park Circle. Land can be accessed by boat. Terrain can be treacherous as is wooded and rocky at some points. If you wish to walk it, do so coming in from Island Park Circle, closest point to the Lake.
  • Location Tax and Legal:Tax Annual Amount: 1305.13
  • Location Tax and Legal:Tax Year2: 2021
  • Location Tax and Legal:Parcel Number2: 1.0
  • General Property Information:Lot Size Acres: 57.0
  • General Property Information:Lot Size Dimensions: 140/2769/2475/3762
  • General Property Information:Waterfront YN: Yes
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Water Source:Public: Yes
  • Mobile Home Allowed:Mobile Home Allowed: Yes
  • View:Mountain(s): Yes
  • View:Lake3: Yes
  • Utilities:Satellite Internet: Yes
  • Utilities:Water Available: Yes
  • Sewer:Septic Needed: Yes
  • Lot Features Lake on Lot2: Yes
  • Special Features: VirtualTour

Interior Features

  • Community Features:Lake: Yes

Exterior Features

  • Lot Features: Lake on Lot, Rolling Slope, Subdivided, Wooded, Other
  • Waterfront Features: Lake Front, Lake Privileges, Main Channel
  • Waterfront: Yes
  • Disclosures: None
  • Lot Features:Rolling Slope: Yes
  • Lot Features:Other21: Yes
  • Waterfront Features:Lake Front: Yes
  • Waterfront Features:Lake Privileges: Yes
  • Lot Features:Wooded: Yes
  • Lot Features:Subdivided: Yes
  • Waterfront Features:Main Channel: Yes

Utilities

  • Sewer: Septic Needed
  • Utilities: Cable Available, Electricity Available, Water Available, Satellite Internet, Other

Condo/Co-op/Association

  • Community Features: Lake
  • Association Fee Frequency: Monthly
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • General Property Information:Association Fee Frequency: Monthly

Lot Info

  • Current Use: Recreational
  • Lot Size Sq Ft: 2482920.0
  • Parcel #: 1.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1305.13
  • Tax Map Number: 038
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 26, 1998
Sold by
Myers Richard L and Myers Carolyn
Bought by
Bussell Lynn
Current Estimated Value
$353,361

Purchase Details

Closed on
Aug 27, 1992
Bought by
Myers Richard L and Myers Carolyn D

Purchase Details

Closed on
Jun 14, 1975
Bought by
Motte Charles and Motte Lucy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bussell Lynn $70,000 --
Myers Richard L $76,000 --
Motte Charles $6,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2022 10/03/22 Sold $2,200,000 -3.5% $849 / Sq Ft
07/07/2022 07/07/22 Pending -- -- --
06/07/2022 06/07/22 For Sale $2,280,000 -- $880 / Sq Ft
Source: Lakeway Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

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 $1,111 $75,600 $18,000 $57,600
2024 $675 $34,250 $7,100 $27,150
2023 $675 $34,250 $0 $0
2022 $675 $34,250 $7,100 $27,150
2021 $675 $34,250 $7,100 $27,150
2020 $675 $34,250 $7,100 $27,150
2019 $585 $27,475 $7,100 $20,375
2018 $585 $27,475 $7,100 $20,375
2017 $585 $27,475 $7,100 $20,375
2016 $547 $27,475 $7,100 $20,375
2015 $508 $27,475 $7,100 $20,375
2014 -- $27,475 $7,100 $20,375
2013 -- $30,425 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lakeway Area Association of REALTORS®

MLS Number: 608786

Lakeway Area Association of REALTORS®

APN: 038-008.00