357 Russell Ln
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.
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FeaturesExteriorLot Description Cul-De-Sac Sloping Water - Year Round Deep Water Access Wooded
Exterior Masonry Siding
Water/Sewer Public Water Septic Tank
Foundation Block
Lot Size Dimensions 76x191 IR
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GeneralHeating Central Electric
Cooling Central Electric
Utilities Cable Lines/Above Ground Electric Lines/Above Ground Telephone Lines/Above Ground
Roof Asphalt
Appliances Dishwasher Disposal Electric Range - Free Standing Microwave Refrigerator Water Heater - Electric
Exterior Features Dock - Stationary Out Building Patio/Deck Patio/Deck Covered
Windows Vinyl
Status Active
Full Baths 3
Half Baths 0
Year Built 1991
HOA Fee N/A
Rooms Bedroom Full Bathroom Kitchen Laundry Living Room Master Bedroom
Property Type A
Property SubType Residential
Home Warranty No
Financing Available Cash Conventional
Garage Features Front Loading Main Level Off Street Parking
Builders Warranty No
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InteriorEquipment Smoke Detector
Basement Finished
Interior Features Granite Counter Tops Laundry Room Pantry Walk-in Closet Washer & Dryer Hookup
Floors Hardwood Solid Tile Vinyl
Number of Rooms 6
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* Excluded FeaturesList ByBerkshire Hathaway Homeservices 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 $575,966
Percent of Sale Price 34%
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.
1547620 Elementary School
1547312 Middle School
Meigs County High High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/18/2024 | $875,000 | | Listed Price |