42 Oakleaf Trail Tracy City, TN 37387
Estimated payment $3,473/month
Total Views
5,828
2
Beds
2
Baths
840
Sq Ft
$696
Price per Sq Ft
Highlights
- Deck
- Cooling Available
- Central Heating
- Porch
- Community Playground
- Ceiling Fan
About This Home
One Property, Two Income-Generating Units! This unique opportunity in Tracy City, TN offers two fully furnished short-term rental homes on a single property, making it the perfect setup for maximizing rental income while minimizing management effort. Backed by a solid 3-year rental history, this investment is turnkey and ready to perform from day one. Located in The Retreat at Waters Edge in Tracy City, TN—just an hour from Chattanooga and 1.5 hours from Nashville—this prime investment offers not just one, but TWO completely furnished income-generating properties. With a strong three year rental history, this hidden gem demonstrates consistent demand and reliable income and is drawing both vacationers and savvy investors seeking profitable, experience-driven stays. With two rental-ready properties, you have the potential to double your revenue stream, maximize occupancy, and cater to the growing demand for nature-inspired getaways. Guests will enjoy serene lakefront views, community docks, a playground, and cozy communal firepits, plus nearby access to Deer Lick Falls, Sunset Bluff, and 12,000+ acres of South Cumberland State Park for endless outdoor adventures. Each of these highly desirable tiny homes features 1 bed, 1 bath, a loft, and built-in bunk beds, comfortably sleeping six guests—now, double that, and you have space for a group of twelve—ideal for larger gatherings. Thoughtful upgrades including an electric fireplace, screened in porches, full kitchen, personal firepits and and an in-unit washer/dryer enhancing guest comfort and rental appeal. Located in a thriving rental-friendly community, this property sits on a serene 75-acre calm water lake, offering sought-after outdoor activities like fishing, kayaking, and canoeing. Guests can also enjoy nearby hiking trails including the popular Fiery Gizzard, antiquing, zip-lining, and concerts at The Caverns—all top attractions in the area. With its prime location near the University of the Sou
Listing Agent
Greater Chattanooga Realty, Keller Williams Realty License #354254,327548 Listed on: 04/01/2025
Co-Listing Agent
Greater Chattanooga Realty, Keller Williams Realty License #1538970,385145,338916
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,627
Year Built
- Built in 2021
Lot Details
- 0.51 Acre Lot
- Lot Dimensions are 76x304
HOA Fees
- $100 Monthly HOA Fees
Parking
- Gravel Driveway
Home Design
- Metal Roof
- Vinyl Siding
Interior Spaces
- 840 Sq Ft Home
- Property has 3 Levels
- Ceiling Fan
- Electric Fireplace
Kitchen
- Oven or Range
- Microwave
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Deck
- Porch
Schools
- Tracy Elementary
- Grundy Co High School
Utilities
- Cooling Available
- Central Heating
Listing and Financial Details
- Assessor Parcel Number 102J E 00700 000
Community Details
Overview
- Association fees include ground maintenance
- The Retreat At Waters Edge Subdivision
Recreation
- Community Playground
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $1,628 | $90,650 | $7,300 | $83,350 |
| 2023 | $1,628 | $90,650 | $7,300 | $83,350 |
| 2022 | $1,188 | $53,675 | $4,775 | $48,900 |
| 2021 | $132 | $53,675 | $4,775 | $48,900 |
| 2020 | $132 | $4,775 | $4,775 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/23/2025 04/23/25 | For Sale | $599,900 | +14.3% | $714 / Sq Ft |
| 05/03/2022 05/03/22 | Sold | $525,000 | 0.0% | $656 / Sq Ft |
| 03/25/2022 03/25/22 | Pending | -- | -- | -- |
| 03/24/2022 03/24/22 | For Sale | $525,000 | -- | $656 / Sq Ft |
Source: Realtracs
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $367,500 | New Conventional | |
| Closed | $0 | New Conventional |
Source: Public Records
Similar Homes in Tracy City, TN
Source: Realtracs
MLS Number: 2811428
APN: 031102J E 00700
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