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Key Details
Sold Price $20,000
Property Type Vacant Land
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 36,154 sqft
Price per Sqft $0
Subdivision Mallard Bay
MLS Listing ID 588231
Sold Date 04/22/22
HOA Fees $6
Originating Board Lakeway Area Association of REALTORS®
Lot Size 0.830 Acres
Acres 0.83
Lot Dimensions 0.83
Property Description
Owner Financing! Quit looking at homes where you must settle for what someone else designed. Build your permanent home or your vacation home, just the way you want it Unique opportunity to own 3 parcels of land, side by side, in the exclusive Cherokee Lake community of Mallard Baye. Buy one, two, or all three. And the current owner will Owner Finance! The lots have seasonal views of Cherokee Lake. the mountains, and yes, the Great Smoky Mountains! The land is cleared, saving the thousands of dollars that it takes to clear a parcel of this size for building a home. The lots are not lakefront but within 9 miles you can find 8 launching sites for your boat and 5 marinas to keep you boat year-round if you wish. Lot 158 is .84 of an acre and is selling for $19,900. Lot 159 is .83 of an acre and is also selling for $19,900. Lot 188 is one of the largest lots available in Mallard Baye at 1.2 acres and is selling for $49,900. If you purchase all three lots the owner will reduce the total price by $5,000, for a total price of $84,700. And, if you don't need the Owner Financing part, the price will be reduced even further to $80,000. Combined that is 2.87 acres of land. Unheard of in a Cherokee Lake community. You can build one, two, three homes on each lot. Or build on one lot and give yourself some space between you and your neighbors and hang on to the other parcels as an investment. You decide. But let's get back to the Owner Financing part. The owner is offering to finance all three lots with a $10,000 down payment at NO INTEREST, for 5 years. That's correct, you read correctly, 0 INTEREST! 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!
Location
State TN
County Grainger
Community Mallard Bay
Direction Lakeshore Drive to Mallard Baye Subdivision, enter and turn right. Follow Mallard Baye, property will be on the right.
Exterior
Community Features Curbs, Sidewalks, Other
Utilities Available Cable Available, Electricity Available, DSL Internet, Fiber Internet, Satellite Internet, Other
Building
Lot Description Cleared, Gentle Sloping
Others
Senior Community No
Tax ID 8
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