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357 Russell Ln, Decatur, TN, 37322

$875,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths
2,100 SqFt
$417/SqFt
House
Schools Nearby

Location

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357 Russell Ln, Decatur$875,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingFront Loading, Main Level, Off Street Parking
Year Built1991
HeatingCentral, Electric
CoolingCentral Air, Electric
BasementYes
ViewTrees/Woods
MLS #1388656
Lot Size0.35 Acres
StatusActive

About 357 Russell Ln

This fully furnished, 3-bedroom, 3-bathroom, home presents an enticing opportunity on the Tennessee River's main channel. Nestled in the Cottonport area, it offers a captivating view of the Tennessee River against the backdrop of majestic mountains. With a spacious 2100 sq ft floor plan, this residence additionally boasts of versatile rooms suitable for guests, an office, or media purposes. Inside, the main level features a galley kitchen, a welcoming living area, a bedroom, and a bathroom. Upstairs, two more bedrooms and a full bath await. The lower level adds to the property's appeal, offering a bar area and separate living spaces. The outdoor amenities are equally enticing, with a spacious covered boat dock complete with a boat lift and ample deck space for hosting gatherings while enjoying the riverfront views. A charming fire pit by the water's edge adds a cozy touch, perfect for watching the sunset after a long day. The property's versatility makes it an ideal primary residence, weekend getaway, or investment property. Notably, this home is currently utilized as a short-term rental, generating an annual gross income exceeding $50,000, making it an attractive prospect for investors seeking rental income. This property's convenient location provides easy access to Chattanooga and allows for day trips to popular destinations like Gatlinburg, Pigeon Forge, and the Ocoee Rafting Center. Whether as a peaceful residence or a lucrative investment, this Tennessee River home offers a wealth of possibilities. Prospective buyers and investors should conduct thorough due diligence to assess its suitability for their specific needs and aspirations. Look at the phots and call for your private showing.

Property Details

Property Features

Property Information:

  • Architectural Style: 2 Level, Site Built
  • Year Built: 1991
  • Living Area: 2,100 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices J Douglas Properties

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Electric Range, Microwave, Refrigerator, Electric Water Heater
  • Basement: Yes
  • Flooring Type: Hardwood Solid, Tile, Vinyl
  • Interior: Granite Counter Tops, Laundry Room, Pantry, Walk-in Closet, Washer & Dryer Hookup

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Trees/Woods
  • Exterior: Dock - Stationary, Out Building, Patio/Deck, Patio/Deck Covered

Parking Information:

  • Attached Garage: No
  • Parking: Front Loading, Main Level, Off Street Parking

Lot Features

Lot Information:

  • Lot: Cul-De-Sac, Sloped, Wooded
  • Lot Size: 0.35 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: Starting onto TN-58 E/TN-153 S. Go for 0.9 mi.Take exit 5A toward TN-58 N/Decatur onto TN-17 N/TN-58 E. Go for 31.4 mi.Turn left onto Cottonport Rd. Go for 1.8 mi.Turn left onto Cottonport Rd. Go for 2.1 mi.Turn left onto Holly Glen Ln. Go for 0.8 mi.Turn slightly right onto Russell Ln. Go for 0.2 mi.

Price Information

Listing Price Info

Price Summary:

  • List Price: $875,000
  • Price Per SqFt: $417/SqFt

Tax Information:

  • Annual Amount: $959
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Decatur, TN.

Med. Sold Price

$272.5K

Med. Price/SqFt

$170

Avg. Days On Market

41

# of Sold Homes

6

357 Russell Ln vs Decatur

39 DAYS ON ROCKET

-2 Days

$875,000

+$602.5K More

$417/SqFt

+$246 More

KEY TAKEAWAY

This property is $602.5K more than the Median Sold Price and $246/SqFt more than other homes in Decatur, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #1388656

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices J Douglas Properties

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 3:25:15 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 01, 2014Home Sold
$129,900

Tax History

YEARPROP. TAXASSESSMENT
2020$959$52,825
2019$959$48,400
2018$959$48,400
2017$959$48,400

History based on county public records data.

Payment Calculator

$4,435

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,690

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1012982
7
/10
  • Frazier Elementary School

  • 3900 Double S Rd

  • 3.06 miles

  • Public District Grades KG-5

school-card-donut-1012983
7
/10
  • Meigs South Elementary School

  • 9638 State Highway 58 S

  • 4.04 miles

  • Public District Grades PK-5

school-card-donut-1012984
5
/10
  • Rhea Central Elementary School

  • 1005 Delaware Ave

  • 7.69 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,246. Most Decatur, TN residents have annual incomes less than $35k. Residents typically live in married, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 357 Russell Ln

What is the listing price of this property?

The listing price of 357 Russell Ln property is $875,000.

What type of property is this?

The property 357 Russell Ln is a house located in Decatur, Tennessee, 37322.

Is this property for sale now?

Active Listing: 357 Russell Ln is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $959 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 1, 2014 for $129,900. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 357 Russell Ln has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 357 Russell Ln is 2,100 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 357 Russell Ln is 1991.

Rocket HomesTennesseeMeigs CountyDecatur37322357 Russell Ln

This home is located at 357 Russell Ln in Decatur, TN and zip code 37322. This 2,100 square foot home, which was built in 1991, sits on a 0.35 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 18, 2024 and is currently priced at $875,000.

In March 2024 more than 1 listings in Decatur, TN were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 4 were sold below. The number of listings in Decatur, TN increased by 15.4% between February 2024 and March 2024. The median list price of listings available in March 2024 was $272,500, while the average time on the real estate market was 41 days.

From Rocket Homes Real Estate and based on county public records data.

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