6 months on rocket

Cove Point Rd, Lafollette, TN, 37766

$2,100,000

120.00 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeOther
WaterfrontLake Access
ViewLake, Mountain(s), Other
MLS #1243836
Lot Size120.00 Acres
StatusActive

About Cove Point Rd

A rare gem awaits in the heart of the Big Creek area, boasting 121 acres of pristine land with incredible potential for subdivision development. Nestled near Norris Lake, this expansive property offers breathtaking views of the lake and surrounding mountains from its elevated upper areas. Surrounded by the esteemed Race Track Hollow subdivision, this parcel holds promise for those seeking an exclusive and picturesque community. Land Size: 121 Acres Location: Big Creek, Norris Lake Area Development Potential: Ideal for subdivision development, this expansive parcel presents a unique opportunity for crafting a stunning residential community. Scenic Views: The upper areas of the land showcase remarkable views of Norris Lake and the majestic mountains, providing a captivating backdrop for future homes. Zoning: Currently zoned for agriculture, offering a canvas for transformation into a thoughtfully designed and upscale residential enclave. Utilities: Infrastructure readiness is assured with existing access to electric, water, and gas services, streamlining the development process. Wildlife Sanctuary: Embrace the natural beauty surrounding the property, with abundant wildlife, including deer, wild turkey, and other captivating species. This rare find in Big Creek is not just a parcel of land; it's an opportunity to create an exceptional community that harmonizes with its stunning natural surroundings. Envision a lifestyle defined by scenic beauty and tranquility. For further details or to embark on this visionary journey, contact [Insert Contact Information]. Seize the chance to shape the future of this remarkable 121-acre canvas in the coveted Norris Lake region. The conveyance of timber rights shall not convey with the property. Sellers have the timber rights for the entire tract of property until the job is completed approximately nine months from the signed listing agreement. Buyer to verify all information.

Property Details

Property Features

Listing Office:

  • Office Name: Realty Executives Associates
  • Office Phone: (865) 588-3232

Exterior Features

Exterior Information:

  • Waterfront: Lake Access
  • View: Lake, Mountain(s), Other

Lot Features

Lot Information:

  • Lot: Private, Rolling/Hilly
  • Lot Size: 120.00 Acres

School Info

Assigned Schools Information:

  • Campbell County Comprehensive High School, Public District Grades 9-12
  • Jellico High School, Public District Grades 9-12
  • Jacksboro Middle School, Public District Grades 6-8
  • LaFollette Middle School, Public District Grades 6-8
  • Jacksboro Elementary School, Public District Grades PK-5
  • LaFollette Elementary School, Public District Grades PK-5
  • Caryville Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Take I-75 to exit 134 from I-75 N 27 min (29.7 mi) Continue on US-25W to Demory Rd turn right on Demory Rd to Cove Pointe Rd. sign is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,100,000
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Housing Market Comparison

See how this home compares to others in La Follette, TN.

Med. Sold Price

$217.4K

Med. Price/SqFt

$166

Avg. Days On Market

64

# of Sold Homes

23

Cove Point Rd vs La Follette

193 DAYS ON ROCKET

+129 Days

$2,100,000

+$1.8M More

KEY TAKEAWAY

This property is $1.8M more than the Median Sold Price in La Follette, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1243836

Listing Office:

  • Office Name: Realty Executives Associates
  • Office Phone: (865) 588-3232

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 Knoxville Area Association of REALTORS® Multiple Listing Service. 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. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.

The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

Copyright © 2024 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/5/2024, 8:20:40 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$10.5K

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$6,362

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NMLS#3030

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.

Elementary School

school-card-donut-6393876
7
/10
  • Jacksboro Elementary School

  • 164 Jacksboro Elem School Rd

  • 6.77 miles

  • Public District Grades PK-5

school-card-donut-6393877
4
/10
  • LaFollette Elementary School

  • 195 Myers Ln

  • 7.98 miles

  • Public District Grades PK-5

school-card-donut-6393878
4
/10
  • Caryville Elementary School

  • 120 Cardinal Ln

  • 8.14 miles

  • Public District Grades PK-5

Middle School

school-card-donut-6393879
5
/10
  • Jacksboro Middle School

  • 150 Eagle Rock Rd

  • 7.50 miles

  • Public District Grades 6-8

school-card-donut-6393880
1
/10
  • LaFollette Middle School

  • 1309 E Central Ave

  • 7.83 miles

  • Public District Grades 6-8

High School

school-card-donut-6393881
4
/10
  • Campbell County Comprehensive High School

  • 150 Cougar Ln

  • 6.46 miles

  • Public District Grades 9-12

school-card-donut-6393882
5
/10
  • Jellico High School

  • 141 High School Ln

  • 20.85 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,696. Typical income of La Follette, TN residents is between $35k-100k annually. Residents typically live in married, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About Cove Point Rd

What is the listing price of this property?

The listing price of Cove Point Rd property is $2,100,000.

What type of property is this?

The property Cove Point Rd is land located in Lafollette, Tennessee, 37766.

Is this property for sale now?

Active Listing: Cove Point Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for Cove Point Rd are:
Jacksboro Elementary School: GreatSchools Rating 7/10
LaFollette Elementary School: GreatSchools Rating 4/10
Caryville Elementary School: GreatSchools Rating 4/10
Jacksboro Middle School: GreatSchools Rating 5/10
LaFollette Middle School: GreatSchools Rating 1/10
Campbell County Comprehensive High School: GreatSchools Rating 4/10
Jellico High School: GreatSchools Rating 5/10

How much acreage is this property?

The property Cove Point Rd is 120.00 acres.
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Rocket HomesTennesseeCampbell CountyLa Follette37766Cove Point Rd

This home is located at Cove Point Rd in Lafollette, TN and zip code 37766 in the Cove Pointe neighborhood. This home sits on a 120.00 acre lot. It has been listed on Rocket Homes since October 25, 2023 and is currently priced at $2,100,000.

In April 2024, from all listings sold in La Follette, TN there were more than 9 sold above asking price, over 9 sold below and more than 5 were sold right at the asked price. The number of listings in La Follette, TN decreased by 1% between March 2024 and April 2024. In April 2024 median list price was $217,416 and the average listing age was 64 days.

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

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