5.24+/-acres centrally located between Chattanooga and Knoxville. Come build your dream home in a quiet country setting with breathtaking views of the Tennessee River. This property is partially wooded with multiple building sites. Easy commute to Volkswagen and Amazon. Also convenient to Hamilton Place Mall and an abundance of other shopping centers and restaurants. Access to the river is less than a mile from the property using a state-maintained boat ramp. Electricity available at the road. Seller will owner finance with reasonable down payment ****Buyer is responsible to do their due diligence to verify that all information is correct.
Property Details
Property Features
Listing Office:
Office Name: Mossy Oak Properties Land Sales , LLC
Exterior Features
Exterior Information:
View: Rural, Trees/Woods
Lot Features
Lot Information:
Lot: Level, Rural Area, Sloped, Wooded
Lot Size: 5.24 Acres
Other
Directions Information:
Directions: From Chattanooga, TN take I-75 north to Exit 49, Turn left onto Highway 30 toward Decatur, TN, go 9.5 miles and turn right onto Highway 58, go 0.38 miles and turn left onto River Road, go 2.5 miles turn left onto dirt road go approximately 0.12of a mile and the property is on the left.
Price Information
Listing Price Info
Price Summary:
List Price: $50,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Decatur, TN.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$317
Per Month
Principal & Interest
$250
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$216
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Meigs North Elementary School
22015 State Highway 58 N
Distance between this listing and this school2.26 miles
Public District Grades PK-5
6
/10
Spring City Elementary School
270 E Jackson Ave
Distance between this listing and this school8.08 miles
Public District Grades PK-5
7
/10
Frazier Elementary School
3900 Double S Rd
Distance between this listing and this school11.14 miles
Public District Grades KG-5
Nearby Schools
6
/10
Meigs Middle School
586 N Main St
Distance between this listing and this school4.67 miles
Public District Grades 6-8
5
/10
Spring City Middle School
751 Wassom Memorial Hwy # 68
Distance between this listing and this school8.46 miles
Public District Grades 6-8
4
/10
Rhea Middle School
405 Pierce Rd
Distance between this listing and this school8.64 miles
Public District Grades 6-8
Nearby Schools
7
/10
Meigs County High School
105 Abel Ave
Distance between this listing and this school4.95 miles
Public District Grades 9-12
5
/10
Rhea County High School
885 Eagle Ln
Distance between this listing and this school8.71 miles
Public District Grades 9-12
4
/10
McMinn High School
2215 Congress Pkwy S
Distance between this listing and this school13.46 miles
The neighbors living near this home have an average income of $33,750. Residents of Decatur, TN typically earn less than $35k each year. The majority of families are married, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About TRACT8 River Rd Unit 8
What is the listing price of this property?
The listing price of TRACT8 River Rd Unit 8 property is $50,000.
What type of property is this?
The property TRACT8 River Rd Unit 8 is land located in Decatur, Tennessee, 37322.
Is this property for sale now?
Accepting Backup Offers: TRACT8 River Rd Unit 8 is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
How much acreage is this property?
The property TRACT8 River Rd Unit 8 is 5.24 acres.
Interested in TRACT8 River Rd Unit 8? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at TRACT8 River Rd Unit 8 in Decatur, TN and zip code 37322. This home sits on a 5.24 acre lot. It has been listed on Rocket Homes since February 21, 2024 and is currently priced at $50,000.
Decatur, TN housing market in April 2024 saw over 1 listings sold above listed price, more than 0 sold at listed price and over 5 sold below. Between March 2024 and April 2024, Decatur, TN real estate market has seen increase in the number of listings by 6.3%. In April 2024, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $267,000.
From Rocket Homes Real Estate and based on county public records data.