9 photos$54,900
LOT 1 Lakeshore Dr
Rutledge, TN 37861
Felix Valdes, Cherokee Lake Realty · (865) 471-8222
What the listing says
Owner financing available. Call for information on the terms. Rare opportunity to own a parcel of land with direct access to Lakeshore Drive. All the adjacent lots were sold years ago and have very nice homes built on them. Lot 1 was held by the developer to build a personal home but is now being made available. On one side of the lot is the private entrance to the gated Shiloh Springs Subdivision. A nice group of mature trees will provide shade and extreme privacy on that side. The building area of the land is cleared saving you the thousands of dollars it takes to clear a lot of this size. The short distance to Lakeshore Drive will also save you the cost of concrete when building a driveway. Plus, public water is available. This is huge as the current cost of building a well will run you $20,000 plus. When you take into consideration the savings on clearing the land, cost of a driveway, and well drilling when you get ready to build your home, this lot is a steal. Lakeshore Drive in one direction will take you to the city of Morristown. The other direction will take you to Jefferson City. Conveniently located to shopping and medical facilities in both cities. There are two Walmarts and two Lowe's within 18 miles. Hospitals? There are also two within 16 miles. Schools, shopping, golf courses, and dining are all close by. Tennessee, a state that offers the advantage of NO State Income Tax and some of the lowest property tax rates in the nation. 4 full, mild seasons, and no destructive hurricanes, or flooding with this lot. You can have all this and have close access to Cherokee Lake, with its world-renowned fishing, boating, and recreation! Live the Cherokee Lake Life!
See the original listing ↗This listing mentions owner financing. Terms are set by each seller and are negotiable. The description and numbers come from the listing and Zillow; confirm availability, the price and any financing with the seller or their agent.
Property Details
Property Type
Land
Lot Size
23,522 sq ft
HOA
None
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Questions about owner financing in Rutledge
What is owner financing for LOT 1 Lakeshore Dr?
Owner financing means the seller of LOT 1 Lakeshore Dr acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. The listing for this Rutledge, TN home mentions owner financing; confirm it with the seller.
Do I need good credit for owner financing?
There's no bank approval, but each seller sets their own requirements. Some check credit, income or references; others don't. Ask the seller or their agent what they need.
How much is the down payment for this Rutledge home?
There is no standard down payment. The seller of this Rutledge home sets their own, and it is negotiable. Ask the seller or their agent.











