357 Russell Lane
Decatur, TN, 37322 $ 875,000
Bedrooms3 Baths3.0 Sq 2,100 Monthly Estimate*
$ 6,112
for $875,000 with 3 bedrooms and 3 full baths. This 2,100 square foot home was built in 1991 on a lot size of 0.35.
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.
See more
FeaturesGeneralInterior Features Walk-In Closet(s) Pantry
Sewer Septic Tank
Heating Central Electric
Cooling Central Air
Utilities Electricity Available
Possession Close Of Escrow
Roof Shingle
Appliances Dishwasher Disposal Electric Range Microwave Refrigerator
Exterior Features Dock Fire Pit
Garage Spaces 2.0
Patio/Porch Features Covered Deck Patio
Architectural Style Other
Pool Features None
Construction Materials Stone Wood Siding Other
Year Built 1991
View Lake
Levels Two
Property SubType Single Family Residence
Community Features None
County Meigs
New Construction N
Property Type Residential
HOA / Comm Assn N
Attached Garage Y
Subdivision Name Holly Glen Shor
Garage Y/N Y
Other Structures Boat House Outbuilding
Status Active
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.
High School Meigs County
City Decatur
View Y/N Y
Lot Size Square Feet 15246.0
Waterfront Y/N Y
Carport Y/N N
Street Name Russell
Elementary School Meigs South
Land Lease Y/N N
Tax Annual Amount 1202.21
Middle/Junior High School Meigs County
Property Condition Updated/Remodeled
Days on Market 40
Structure Type Dock
Standard Status Active
See more
InteriorBasement Finished
Flooring Hardwood Tile Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 3
Half Baths 0
Laundry Features Laundry Room
Total Bedrooms 3
Total Baths 3
See more
ExteriorParking Features Driveway Garage Off Street
Lot Features Wooded Sloped Cul-De-Sac
Water Source Public
Lot Size Area 0.35
Foundation Details Block
Lot Size Acres 0.35
Road Surface Type Asphalt
Lot Size Units Acres
Road Frontage Type County Road
Open Parking Y/N N
Horse Y/N N
See more
* Excluded FeaturesList ByGrace EdringtonListing Agent
Berkshire Hathaway J Douglas PropertiesBroker
grace@jdouglasproperties.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,112
- Monthly Property Taxes
- $100
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Decatur, TN
Average List Price $585,305
Percent of Sale Price 33%
About Decatur, TN 1,669 Population
15% Since 2002
$ 38,416 Median Income
43.83 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
1937769 Elementary School
1937783 Middle School
Meigs County High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/19/2024 | $875,000 | | Listed Price |