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Key Details
Sold Price $82,500
Property Type Vacant Land
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 43,560 sqft
Price per Sqft $1
Subdivision Shiloh Springs
MLS Listing ID 605877
Sold Date 04/23/24
HOA Fees $25
Originating Board Lakeway Area Association of REALTORS®
Annual Tax Amount $195
Lot Size 1.000 Acres
Acres 1.0
Lot Dimensions 1.0
Property Description
OWNER FINANCING AVAILABLE!
Looking for a nice sized, fully cleared, level lot that backs up to Cherokee Lake, providing you with frontage on the lake? For well under $100,000? Well, this might be your ticket!
Lot 95 is one acre, with 276 feet backing up to Cherokee Lake, granting lake access. Most lake access lots are in the 100-foot range, this one has just under three times that much access.
In this area of the lake TVA does not allow clearing of full-grown trees or building of permanent structures close to the lake bank. But a nice, cleared path leading you straight into the water is fine. Please see recent photos of this that were taken in winter. During spring and summer, as the lake levels rise, Cherokee Lake covers all the bare land shown, bringing the waters even closer to your backyard. You can tie up your boat to shore, swim, create a picnic area. And right down the street (viewable in one of the photos) Shiloh Springs offers a residents-only boat dock and launching ramp for boats. Allowing you to use a dock without the work of having to maintain it. No need to be constantly letting the dock out or bringing it in as the waters ebb and flow. No need to stain or replace warped deck boards. Shiloh does all this for you!
As mentioned, the land is cleared, saving you cost of clearing which can run in the thousands of dollars. Plus, this lot has access to city water, no well water to deal with, saving you the $20,000 cost of installing a well when you build! High-speed fiber internet is available. And underground utilities! No falling tree branches to knock out electricity or ugly power lines impacting your view of Cherokee Lake. Shiloh Springs also offers residents an area where they can park their boats, trailers, RVs, etc. This area is next to Lot 95. Some folks may see this as a negative, some as a positive. Positives include having your equipment next to your property for security and ease of use, without you having these use up all your garage space. You need to grab your mower, boats, trailers, they are immediately next to your lot. Or if you view this as a negative, the planting of Leyland Cypress trees is commonly used in creating a hedge for privacy from a neighboring lot, as they are a fast-growing, tall trees that stay green year-round.
Conveniently located close to shopping and medical facilities. Two Walmart's and Lowe's are within 18 miles. Hospitals? Two are also within 16 miles. Tennessee, a state that offers the advantage of NO State Income Tax and some of the lowest property tax rates in the nation. You can have all this and access to Cherokee Lake.
Live the Cherokee Lake Life!
Location
State TN
County Grainger
Community Shiloh Springs
Direction Off Lakeshore Drive enter Shiloh Springs Subdivision. Stay left on split, and stay on Cow Poke Lane. Property will be on the right, look for sign.
Exterior
Community Features Boat Ramp, Curbs, Gated, Lake
Utilities Available Cable Available, Electricity Available, Phone Available, Cable Internet, Fiber Internet
Amenities Available Boat Dock, Boat Slip, Maintenance Grounds, Parking, Picnic Area, RV/Boat Storage, Storage, Trail(s)
Waterfront Description Lake,Lake Front,Lake Privileges,Main Channel
Building
Lot Description Cleared, Gentle Sloping
Others
Senior Community No
Tax ID 1.00
Acceptable Financing Cash, Conventional, Owner Will Carry
Listing Terms Cash, Conventional, Owner Will Carry
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