357 Russell Lane Decatur, TN $ 875,000
357 Russell Lane
$ 875,000
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357 Russell Lane

Decatur, TN, 37322
$ 875,000
Bedrooms3 Baths3.0 Sq 2,100

Monthly Estimate*

$ 6,112

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Single Family Home for sale in Decatur, TN

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.

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Single Family Active

Price

$ 875,000

Bedrooms

3

Full Bath

3

Property Type

Single Family

Taxes

$ 1,202

Style

Lot Size

0.35

Year Built

1991

Town/City

Decatur

County/Region

Meigs

MLS | Web ID

20241085

Features
General
Interior 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
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Interior
Basement 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
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Exterior
Parking 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
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* Excluded Features
List By
Grace Edrington

Listing Agent

Berkshire Hathaway J Douglas Properties

Broker

grace@jdouglasproperties.com

Email

Affordability Calculator

$6,212
Per Month
98%
2%
0%
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.
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The time to sell is now
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Nearby
1937769 Elementary School
1937783 Middle School
Meigs County High School High School
Pricing History
DatePricePrice ChangeDescription
3/19/2024$875,000 Listed Price

Map


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357 Russell Lane, Decatur, TN, 37322 is a Single Family Home for sale at $875,000 with 2,100 sqft and a lot size of 0.35. 357 Russell Lane has 3 bedrooms, 3.0 baths, and was built in 1991. The property's zip code is 37322 which is in Decatur, TN