$650,000
$690,900
5.9%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
3 Baths
2,985 SqFt
SOLD DATE : 02/01/2024
Key Details
Sold Price $650,000
Property Type Single Family Home
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 2,985 sqft
Price per Sqft $217
Subdivision Mallard Baye Phase 1
MLS Listing ID 1242385
Sold Date 02/01/24
Style Contemporary
Bedrooms 3
Full Baths 3
HOA Fees $8/ann
Originating Board East Tennessee REALTORS® MLS
Year Built 1992
Lot Size 0.530 Acres
Acres 0.53
Property Description
A one owner home which has never been on the market before. Cherokee Lake main channel views and year-round lakefront access. At a sales price lower than what neighboring homes have sold for. Is this what you've been searching for?
We listed, and sold, a smaller home, in this same community a few months ago for a higher price. Further away from the main channel, in a cove, where access to the lake disappears during the fall, winter and early spring months. That home was listed for $769,900. This home has more square footage, better unobstructed views of Cherokee Lake, and access to the main channel of Cherokee Lake year-round. Why is this one listed for less? The bathrooms, kitchen, and living spaces could be updated. So, the listing price reflects this. If it wasn't for that, the sales price would be in the vicinity of $800,000. And if you try to build this square footage on this lakefront lot the price would be even higher. So, take the savings and update the home all at once, or a bit at a time. Your call. However, one of the most expensive items to replace in a home is the roof. The roof was replaced in 2021. That's a major expense that you will not have to deal with. The heat pump has been refurbished. The large windows facing the road have been replaced. The dishwasher is one year old. The washer and dryer, five years. The refrigerator and range, ten years old. So, the guts of the home are good. The updating will be left up to the buyer to design as they so choose.
A main feature of the home is its backyard which flows straight into Cherokee Lake. You want to put in a swimming pool? You have the space for it. You want to build your own boat ramp? You can. You want your own private dock? You can. What does that mean? On most TVA controlled lakefronts, Cherokee Lake included, TVA will not grant you a permit to place a private dock. Various reasons why TVA has designated those areas as non-dockable. But TVA rules, so we must abide by their restrictions. But, with this home, you can have your own private dock. A bonus to the backyard is that it is level enough to put your boats in the water without having to build a boat ramp.
The home has three levels of living space, with plenty of privacy for family members, but ease of living and access. The living area, kitchen, laundry room, fireplace, primary bedroom, and bathroom, and a second bedroom are on the main level. As well as access to the deck facing Cherokee Lake. There is another bedroom on the upper level, with its own private deck, and another bathroom. And in the basement, there is a fourth room being used as a fourth bedroom, a third bathroom, and more living space with its own fireplace. The basement is fully completed and finished with its own entrance, so you don't have to fool with stairs. Have friends that wish to spend the night? They can. Family members that want their own privacy? They can. A one car attached garage on the main level, with another garage facing the lake that can be used for water toys, storage, or as the current owner has done, a workshop.
Tennessee, which has NO State Income Tax and some of the lowest property taxes in the nation. Four full, mild seasons. When there is 4 feet of snow on the ground up north, the ground is barely moist here! Within an 8-hour drive of 20 states, and the Great Smoky Mountains in its backyard. Located in Grainger County, with its scenic farmland, but close to all necessary amenities. Jefferson Memorial Hospital is 12.8 miles. Walmart and Lowe's are 14 miles. Cherokee Dam, with facilities for docking, grilling, a public beach, walking trails, restrooms, a pavilion, and campground is 9 miles. See accompanying photos. Grainger County Park with pavilions for family gatherings, walking trails, playgrounds, and boat ramp is less than 3 miles. Knoxville is 37 miles. So, if you work in Knoxville, settle in Grainger County, where you pay lower property taxes and get more property for the money.
Location
State TN
County Grainger County - 45
Area 0.53
Rooms
Family Room Yes
Other Rooms Basement Rec Room, LaundryUtility, Workshop, Bedroom Main Level, Extra Storage, Breakfast Room, Family Room, Mstr Bedroom Main Level
Basement Finished, Plumbed, Walkout
Dining Room Eat-in Kitchen, Breakfast Room
Interior
Interior Features Cathedral Ceiling(s), Island in Kitchen, Pantry, Walk-In Closet(s), Eat-in Kitchen
Heating Heat Pump, Propane, Electric
Cooling Central Cooling, Ceiling Fan(s)
Flooring Laminate, Carpet, Vinyl, Tile
Fireplaces Number 2
Fireplaces Type Gas Log
Fireplace Yes
Window Features Drapes
Appliance Dishwasher, Dryer, Handicapped Equipped, Self Cleaning Oven, Refrigerator, Microwave, Washer
Heat Source Heat Pump, Propane, Electric
Laundry true
Exterior
Exterior Feature Porch - Covered, Deck, Cable Available (TV Only)
Parking Features On-Street Parking, Garage Door Opener, Attached, Main Level, Off-Street Parking
Garage Spaces 1.0
Garage Description Attached, On-Street Parking, Garage Door Opener, Main Level, Off-Street Parking, Attached
View Mountain View, Lake
Total Parking Spaces 1
Garage Yes
Building
Lot Description Lakefront, Lake Access
Faces Off Lakeshore Drive enter Mallard Baye and make an immediate right. Follow the curve, the home will be on the left.
Sewer Septic Tank
Water Well
Architectural Style Contemporary
Structure Type Vinyl Siding,Block
Others
HOA Fee Include Grounds Maintenance
Restrictions Yes
Tax ID 076D A 012.00
Energy Description Electric, Propane
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