For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $740,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,620 sqft
Price per Sqft $282
Subdivision Mallard Bay
MLS Listing ID 703975
Sold Date 06/28/24
Style Contemporary
Bedrooms 3
Full Baths 3
HOA Fees $100
Originating Board Lakeway Area Association of REALTORS®
Year Built 1996
Annual Tax Amount $2,274
Lot Size 0.770 Acres
Acres 0.77
Lot Dimensions 0.77
Property Description
This is only the second time this home has been on the market. The former home of Gordie Reed, a member of the American Power Boat Association's Hall of Fame and holder of three World Records in Power Boat Racing, the home was purchased as a vacation home by a doctor's family to use exclusively as a vacation home a little over three years ago. Rarely used, and with changing family priorities, the home is available for sale again.
The home sits on 0.77 of an acre with 172 feet of lakefront property. And, yes, the covered dock stays. The backyard is large enough to add a swimming pool, just as the neighbors have done recently. A Florida style design with a covered carport, the concrete driveway wraps around the rear of the home providing plenty of parking space for boats and/or recreational vehicles. 1,690 square feet of living space on the main level with an additional 1,690 square feet of basement. The home is being sold fully furnished, with just a few personal items that the family will keep. Three bedrooms and two bathrooms are on the main level. A covered main level rear deck provides views of Cherokee Lake, with the main bedroom also having its own private deck.
The basement is partially finished and includes two additional rooms recently converted into bedrooms. One with bunk beds as part of the furniture. That's five bedrooms for large family lake gatherings. There is a bathroom in the basement as well. Please note there was remodeling taking place as the photos were taken. The rooms will be completed in time for the new owners to take over. The basement can be accessed through the driveway, no need to climb steps, and providing its own private entryway. The remainder of the basement has been used as storage and includes a garage door for easier accessibility. The roof was replaced four years ago. The home was painted three years ago. The heat pump was serviced this month. The home has had little use and is in fine shape.
So, bottom line, this property presents opportunities for the new owners. As a vacation rental it provides plenty of space for renters with five rooms of bedroom furniture. As a vacation getaway for the owners, it has all that you need for lake living. Or, as a full-time residence, it allows you to live the lake life fulltime.
Tennessee, which has NO State Income Tax and some of the lowest property taxes in the nation. Four full, mild seasons. 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 within 14 miles. You can have all this and access to Cherokee Lake, with its fishing, boating, and recreation activities. Looking for Lake Life, East Tennessee style? This home is for you.
Live the Cherokee Lake Life!
Location
State TN
County Grainger
Community Mallard Bay
Direction Lakeshore Drive coming from Jefferson City, enter Mallard Baye on right. Make immediate right. Follow road, home will be on the left.
Rooms
Basement Bath/Stubbed, Block, Daylight, Exterior Entry, Full, Interior Entry, Partially Finished, Storage Space, Walk-Out Access, Walk-Up Access
Interior
Interior Features Breakfast Bar, Ceiling Fan(s), High Ceilings, High Speed Internet, Kitchen Island, Laminate Counters, Open Floorplan, Pantry, Walk-In Closet(s), Whirlpool Tub
Heating Heat Pump
Cooling Ceiling Fan(s), Heat Pump
Fireplaces Type Living Room
Fireplace Yes
Window Features Double Pane Windows
Exterior
Exterior Feature Balcony, Dock, Private Entrance, Rain Gutters
Garage Spaces 1.0
Utilities Available Cable Available, Electricity Available, Water Available, Fiber Internet
Amenities Available Laundry
Waterfront Description Lake Front
Roof Type Shingle
Porch Covered, Deck, Front Porch, Porch, Rear Porch
Total Parking Spaces 1
Garage Yes
Building
Lot Description Lake on Lot, Back Yard, Cleared, Front Yard, Landscaped, Views, Waterfront
Foundation Block, Slab
Architectural Style Contemporary
Structure Type Block,Concrete,Synthetic Stucco
New Construction No
Others
Senior Community No
Tax ID 008.00
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP