• Restricted Address Rutledge, TN 37861

  • Vacant Land / Owner Financing

Property Details for null St, Rutledge, TN 37861

Facts

Sale Type

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

Description

Builder owned close out special! Only one lot available at this price. Owner Financing Available! No qualifying requirements and the high cost of applying for a bank mortgage. You can buy this lot and use the builder that owns the lot to build your home or not. You are not locked in to use this company. You can purchase this lot and not build, simply hold on to it as an investment. The lot has access to city water. This is important, as if you do not have this, a well system would need to be installed. The going cost for this is $15,000 to $20,000. Think about this. The sales price of this lot is $19,900. So, when you factor in the fact that a well can cost you that much, you are just about getting the lot for free. Lot 177 is also a large lot at .89 of an acre. This is the only lot in the community of Mallard Baye that you can access directly from Lakeshore Drive. No need to drive through the entire subdivision until you arrive at your property. The lot is wooded, creating the opportunity to leave enough mature trees to provide privacy, shade, and a luxurious canopy for your landscaping, as you build your home. The lot is not lakefront but you can walk to the lake in 5 minutes, and within 9 miles you can find 8 launching sites for your boat and 5 marinas to keep your boat year-round. Property taxes for this slice of paradise are less than $200 per year. Close to Jefferson City and Morristown. Jefferson Memorial Hospital is 12 miles away. Walmart is 15 miles. Restaurants, malls, theaters, schools, and retail shops are all nearby. And, if you want more things to do, Knoxville, Tennessee's third largest city with a population of 191,000 plus, is 37 miles away. Want to feel like a tourist? Pigeon Forge and Gatlinburg, recognized as the ''Gateway to the Smokies'', are 44 miles away. Tennessee, a state that offers the advantage of NO State Income Tax and some of the lowest property tax rates in the nation. 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 this and access to Cherokee Lake, with its world-renowned fishing, boating, and recreation activities. Live the Cherokee Lake Life!

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Property Brokerage: Cherokee Lake Realty 132 E Old Andrew Johnson Hwy Jefferson City TN 37760
Copyright 2024 Lakeway Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.



All information provided is deemed reliable, but is not guaranteed and should be independently verified.