$865,000
SOLD JAN 27, 2023

607 Peninsula Point Rutledge, TN 37861

3 Beds
2.5 Baths
2,796 Sq Ft
1.02 Acres

Recently Sold

$309 Per Sq Ft

1% Below List Price

55 Days on Market

Highlights

  • Lake Front
  • Lake Privileges
  • Deck
  • RV Access or Parking
  • Community Lake
  • Contemporary Architecture

About This Home

As of January 2023

Move to Cherokee Lake. No devasting hurricanes, flooding, tornadoes, blizzards, sharks, alligators, or pythons in this part of the country to fear and deal with. When there is four feet of snow on the ground up north, the ground is barely moist here! Four full mild seasons within an 8-hour drive of 20 neighboring states! And, NO state income tax & low property taxes! When gas is $7 in California, it's half that in East TN! This home was sold in July. Health issues have now required the new owners stay in Illinois to be with family. Purchased as their retirement home it is now for sale again, and as they said, “hopefully what was to be our dream home will be enjoyed by another family as their dream home.” How do we define a location as a Paradise setting? 172' of Cherokee Lakefront property? Views? Shade trees with a hammock swaying in the breeze? A 52-foot deck for entertaining? YOUR boat anchored to YOUR backyard, ready to go cruising, fishing, or to dock at the nearest restaurant? This setting fits the bill, because it checks all the boxes! The exterior is framed with cement board siding. The interior is Easter Pine. Enter through the 8' front door and immediately experience Cherokee Lake through an open floor plan allowing year-round views. MOST OF THE FURNITURE CONVEYS. 3 bedrooms with more rooms that can be used as offices, sleeping areas, etc. Energy efficient, the previous owners' electric bills averaged $67 per month in the summer and $41 in the winter. Fiber internet. No HOA! This area of Cherokee Lake does not allow a permanent dock to be built in your backyard, but as mentioned, your boat can be anchored to shore year-round if you so choose. 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 8 miles. Hospitals within 13 miles. Walmart and Lowe's are 15 miles. Paradise setting? Yep!

Last Agent to Sell the Property

Felix Valdes

Cherokee Lake Realty License #314535 Listed on: 10/07/2022

Last Buyer's Agent

Ben Cantwell

The Realty House, Inc License #360377

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,830

Year Built

  • Built in 2016

Lot Details

  • 1.02 Acre Lot
  • Lake Front
  • Cul-De-Sac
  • Level Lot
  • Wooded Lot

Parking

  • 2 Car Garage
  • Parking Accessed On Kitchen Level
  • Garage Door Opener
  • RV Access or Parking

Property Views

  • Lake
  • Mountain

Home Design

  • Contemporary Architecture
  • 2-Story Property
  • Concrete Foundation
  • Slab Foundation
  • Shingle Roof
  • HardiePlank Type

Interior Spaces

  • 2,796 Sq Ft Home
  • Central Vacuum
  • Skylights
  • Gas Log Fireplace
  • Double Pane Windows
  • Vinyl Clad Windows
  • Insulated Windows
  • Window Treatments
  • Family Room with Fireplace
  • Living Room
  • Bonus Room
  • Basement
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer

Outdoor Features

  • Lake Privileges
  • Deck
  • Covered Patio or Porch

Utilities

  • Cooling Available
  • Heat Pump System
  • Propane
  • Well
  • Tankless Water Heater
  • Water Softener
  • Septic Tank
  • Fiber Optics Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 020.01

Community Details

Overview

  • No Home Owners Association
  • Peninsula Point Estates Subdivision
  • Community Lake

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,830

Year Built

Built in 2016

Lot Details

0

Parking

2

Listing Details

  • Carport Y N: No
  • Year Built: 2016
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.02
  • Lot Size: 75/360/172/357
  • Water Body Name: Cherokee Lake
  • Subdivision Name: Peninsula Point Estates
  • Directions: Off Lakeshore Drive, turn into Peninsula Pointe. Drive to the end of the cul-de-sac, home on the left. Look for sign.
  • Above Grade Finished Sq Ft: 2796.0
  • Architectural Style: Contemporary, Ranch
  • New Construction: No
  • Efficiency: Lighting
  • Location Tax and Legal:Tax Annual Amount: 1830.39
  • Location Tax and Legal:Tax Year2: 2021
  • Location Tax and Legal:Parcel Number2: 020.01
  • General Property Information:Lot Size Acres: 1.02
  • General Property Information:Lot Size Dimensions: 75/360/172/357
  • General Property Information:Waterfront YN: Yes
  • General Property Information:Bathrooms Half: 1
  • General Property Information:Living Area2: 2796.0
  • General Property Information:Above Grade Finished Area: 2796.0
  • General Property Information:New Construction YN: No
  • General Property Information:Fireplace YN: Yes
  • General Property Information:Spa YN: No
  • General Property Information:Home Warranty YN: No
  • Additional Dwelling:Additional Dwelling YN: No
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Architectural Style:Ranch: Yes
  • Cooling:Heat Pump: Yes
  • Flooring:Carpet: Yes
  • Flooring:Tile: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Laundry Features:Washer Hookup: Yes
  • Roof:Shingle: Yes
  • Room Types:Living Room2: Yes
  • General Property Information:Basement YN: Yes
  • Flooring:Hardwood: Yes
  • Levels:Two: Yes
  • Security Features:Smoke Detector(s): Yes
  • View:Mountain(s): Yes
  • Cooling:Electric: Yes
  • Foundation Details:Slab: Yes
  • Laundry Features:Laundry Room: Yes
  • Room Types:Bonus Room: Yes
  • Utilities:Fiber Internet: Yes
  • Appliances Microwave: Yes
  • Water Softeners: Yes
  • Architectural Style:Contemporary: Yes
  • Laundry Features:Main Level: Yes
  • Utilities:Propane3: Yes
  • View:Lake3: Yes
  • Water Source:Well: Yes
  • Room Types:Laundry: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Hardwood, Tile
  • Appliances: Dishwasher, Dryer, Electric Oven, Electric Water Heater, Microwave, Range, Refrigerator, Tankless Water Heater, Washer, Water Purifier, Water Softener
  • Basement: Concrete, Crawl Space
  • Levels: Two
  • Interior Amenities: Central Vacuum, Pantry, Solid Surface Counters, Walk-In Closet(s), Other
  • Private Spa: No
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Family Room, Gas Log
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 2796.0
  • Window Features: Double Pane Windows, Insulated Windows, Skylight(s), Vinyl Clad Frames, Window Treatments
  • Appliances Dishwasher: Yes
  • Appliances:Electric Oven: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Fireplace Features:Gas Log: Yes
  • Basement:Crawl Space: Yes
  • Appliances Range: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Solid Surface Counters: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Electric Water Heater: Yes
  • Fireplace Features:Family Room: Yes
  • Interior Features:Central Vacuum: Yes
  • Basement:Concrete: Yes
  • Appliances:Water Purifier: Yes
  • Interior Features:Other19: Yes
  • Appliances:Tankless Water Heater: Yes
  • Community Features:Other9: Yes
  • Community Features:Lake: Yes

Exterior Features

  • Roof: Shingle
  • Lot Features: Cul-De-Sac, Level, Wooded, Other
  • Waterfront Features: Lake Front, Lake Privileges, Navigable Water
  • Waterfront: Yes
  • Home Warranty: No
  • Construction Type: HardiPlank Type
  • Foundation Details: Slab
  • Other Structures: None
  • Patio And Porch Features: Covered, Deck
  • Lot Features:Level: Yes
  • Patio And Porch Features:Deck2: Yes
  • Window Features:Double Pane Windows: Yes
  • Patio And Porch Features:Covered2: Yes
  • Lot Features:Other21: Yes
  • Waterfront Features:Lake Front: Yes
  • Waterfront Features:Lake Privileges: Yes
  • Waterfront Features:Navigable Water: Yes
  • Window Features:Window Treatments: Yes
  • Window Features:Vinyl Clad Frames: Yes
  • Lot Features:Wooded: Yes
  • Lot Features:Cul-De-Sac: Yes
  • Window Features:Skylight(s): Yes
  • Window Features:Insulated Windows: Yes
  • Construction Materials:HardiPlank Type: Yes

Garage/Parking

  • Garage Yn: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Concrete, Garage, Garage Door Opener, Kitchen Level, RV Access/Parking
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Concrete4: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Kitchen Level: Yes
  • General Property Information:Carport YN: No
  • Parking Features:RV AccessParking: Yes

Utilities

  • Cooling: Electric, Heat Pump
  • Heating: Electric, Heat Pump
  • Sewer: Septic Tank
  • Laundry Features: Electric Dryer Hookup, Laundry Room, Main Level, Washer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Propane, Fiber Internet
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes
  • Heating:Electric4: Yes

Condo/Co-op/Association

  • Community Features: Lake, Other
  • Amenities: Cable TV, Laundry
  • Association Fee Frequency: Monthly
  • Association Name: N/A
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • General Property Information:Association Fee Frequency: Monthly
  • General Property Information:Association Name: N/A
  • Association Amenities:Cable TV: Yes
  • Horse Amenities:None10: Yes

Lot Info

  • Horse Amenities: None
  • Lot Size Sq Ft: 44431.2
  • Parcel #: 020.01
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Efficient:Lighting2: Yes

Tax Info

  • Tax Annual Amount: 1830.39
  • Tax Map Number: 069L
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2022
Closed on
Jan 24, 2023
Sold by
David C Tinsman Self Declaration Of Trus
Bought by
Home Rentals Tn Llc and Home Rentals Tennessee Llc
Seller's Agent
Felix Valdes
Cherokee Lake Realty
Buyer's Agent
Ben Cantwell
The Realty House, Inc
List Price
$874,900
Sold Price
$865,000
Premium/Discount to List
-$9,900
-1.13%
Current Estimated Value
$846,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,296
Avg. Annual Appreciation
-0.80%
Original Mortgage
$465,000
Outstanding Balance
$443,526
Interest Rate
6.31%
Mortgage Type
New Conventional
Estimated Equity
$403,178

Purchase Details

Listed on
Jun 9, 2022
Closed on
Jul 11, 2022
Sold by
Snyder and Nancy
Bought by
Joy Tinsman Self Declaration Of Trust
Seller's Agent
Felix Valdes
Cherokee Lake Realty
Buyer's Agent
George Francisco
Century 21 Legacy
List Price
$849,900
Sold Price
$864,900
Premium/Discount to List
$15,000
1.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.02%

Purchase Details

Closed on
Jun 22, 2016
Sold by
Pirro Steven A
Bought by
Snyder Duane and Snyder Nancy
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $865,000 --
Warranty Deed $864,900 None Listed On Document
Warranty Deed $75,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $465,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/27/2023 01/27/23 Sold $865,000 -1.1% $309 / Sq Ft
12/01/2022 12/01/22 Pending -- -- --
10/07/2022 10/07/22 For Sale $874,900 +1.2% $313 / Sq Ft
07/06/2022 07/06/22 Sold $864,900 +1.8% $309 / Sq Ft
06/18/2022 06/18/22 Pending -- -- --
06/09/2022 06/09/22 For Sale $849,900 -- $304 / 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
2024 $1,873 $79,700 $31,700 $48,000
2023 $1,873 $79,700 $31,700 $48,000
2022 $1,830 $79,700 $31,700 $48,000
2021 $1,830 $79,700 $31,700 $48,000
2020 $1,575 $79,700 $31,700 $48,000
2019 $1,575 $56,250 $16,225 $40,025
2018 $1,361 $56,250 $16,225 $40,025
2017 $1,361 $56,250 $16,225 $40,025
2016 $393 $16,225 $16,225 $0
2015 $571 $16,225 $16,225 $0
2014 $571 $22,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lakeway Area Association of REALTORS®

MLS Number: 610229

Lakeway Area Association of REALTORS®

APN: 069L-A-020.01