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Listed by Felix Valdes • Cherokee Lake Realty
$649,900
Est. payment /mo
1,184,832 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Farm
Listing Status Active
Purchase Type For Sale
Square Footage 1,184,832 sqft
Price per Sqft $0
MLS Listing ID 712511
Annual Tax Amount $658
Lot Size 27.200 Acres
Acres 27.2
Lot Dimensions 27.2
Property Sub-Type Farm
Source Lakeway Area Association of REALTORS®
Property Description
If you have been looking for multi-acre, prime land, within walking distance of Cherokee Lake this one might check all your boxes.
More than 27 acres of land gives you so many possibilities and creates an incredible investment opportunity. The lakeview 27+ acres are mostly cleared, saving on the cost of clearing so much land. Currently categorized as a farm, whoever purchases the land has many other options. A private, single-family homestead can be built with horses and cattle grazing. Agricultural use may include a vineyard and pastureland for hay. Or it can be developed into several home sites. There are no restrictions on the land. It is up to the buyer(s) to decide in what direction they wish to take this unique property. One additional money-saving advantage is that the land has access to public water. No need to go through the expenses of digging and creating a well, or wells. The going cost of creating ONE well will currently run you over $20,000.
Located off Lakeshore Drive and Hoppers Bluff, with access to the cities of Morristown and Jefferson City. Two Walmart's are within 18 miles. Two major hospitals are within 17 miles. Tennessee, which has NO State Income Tax and exempts all forms of retirement income, including social security benefits, tax pensions, 401K, or IRA distributions from state taxation. Located in Grainger County with its scenic farmland, with some of the lowest property taxes in the nation. There are no city property taxes on this land. This part of Tennessee has four full, mild seasons, no flooding issues, or the constant threat of tornadoes like other areas. Knoxville, Tennessee's 3rd largest city, and the Great Smoky Mountains are nearby. And if you are relocating from another state, East Tennessee is within an 8-hour drive of 20 states, so friends and family will still be close.
Whatever your plans are for this special parcel of land, you can't go wrong, because as they say, they're not creating land like this anymore.
More than 27 acres of land gives you so many possibilities and creates an incredible investment opportunity. The lakeview 27+ acres are mostly cleared, saving on the cost of clearing so much land. Currently categorized as a farm, whoever purchases the land has many other options. A private, single-family homestead can be built with horses and cattle grazing. Agricultural use may include a vineyard and pastureland for hay. Or it can be developed into several home sites. There are no restrictions on the land. It is up to the buyer(s) to decide in what direction they wish to take this unique property. One additional money-saving advantage is that the land has access to public water. No need to go through the expenses of digging and creating a well, or wells. The going cost of creating ONE well will currently run you over $20,000.
Located off Lakeshore Drive and Hoppers Bluff, with access to the cities of Morristown and Jefferson City. Two Walmart's are within 18 miles. Two major hospitals are within 17 miles. Tennessee, which has NO State Income Tax and exempts all forms of retirement income, including social security benefits, tax pensions, 401K, or IRA distributions from state taxation. Located in Grainger County with its scenic farmland, with some of the lowest property taxes in the nation. There are no city property taxes on this land. This part of Tennessee has four full, mild seasons, no flooding issues, or the constant threat of tornadoes like other areas. Knoxville, Tennessee's 3rd largest city, and the Great Smoky Mountains are nearby. And if you are relocating from another state, East Tennessee is within an 8-hour drive of 20 states, so friends and family will still be close.
Whatever your plans are for this special parcel of land, you can't go wrong, because as they say, they're not creating land like this anymore.
Location
State TN
County Grainger
Direction Off Lakeshore Drive, turn on Hoppers Bluff, sign will be at the right.
Exterior
Utilities Available Cable Available, Electricity Available, Water Available, Fiber Internet
Building
Lot Description Cleared, Farm, Pasture, Views
Water Public
Others
Senior Community No
Tax ID Parcel ID/Tax ID 061 023.15
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