LOT 1 Lakeshore Dr, Rutledge TN - Owner Finance Home
Owner Finance

LOT 1 Lakeshore Dr

Rutledge, TN 37861

🛏️

Bedrooms

🚿

Bathrooms

📏

Sq Ft

📅

Year Built

About This Property

Owner financing available. Call for information on the terms. Rare opportunity to own a parcel of land with direct access to Lakeshore Drive. All the adjacent lots were sold years ago and have very nice homes built on them. Lot 1 was held by the developer to build a personal home but is now being made available. On one side of the lot is the private entrance to the gated Shiloh Springs Subdivision. A nice group of mature trees will provide shade and extreme privacy on that side. The building area of the land is cleared saving you the thousands of dollars it takes to clear a lot of this size. The short distance to Lakeshore Drive will also save you the cost of concrete when building a driveway. Plus, public water is available. This is huge as the current cost of building a well will run you $20,000 plus. When you take into consideration the savings on clearing the land, cost of a driveway, and well drilling when you get ready to build your home, this lot is a steal. Lakeshore Drive in one direction will take you to the city of Morristown. The other direction will take you to Jefferson City. Conveniently located to shopping and medical facilities in both cities. There are two Walmarts and two Lowe's within 18 miles. Hospitals? There are also two within 16 miles. Schools, shopping, golf courses, and dining are all close by. Tennessee, a state that offers the advantage of NO State Income Tax and some of the lowest property tax rates in the nation. 4 full, mild seasons, and no destructive hurricanes, or flooding with this lot. You can have all this and have close access to Cherokee Lake, with its world-renowned fishing, boating, and recreation! Live the Cherokee Lake Life!

Property Details

Property Type

Land

HOA

None

Listed Price

$54,900

Owner Financing Terms

Why Owner Financing?

  • No bank qualifying
  • Bad credit OK
  • Fast closing
  • Flexible terms
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Frequently Asked Questions About Owner Financing in Rutledge

What is owner financing for LOT 1 Lakeshore Dr?

Owner financing means the seller of LOT 1 Lakeshore Dr acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. This property in Rutledge, TN is available with owner financing terms.

Do I need good credit for owner financing?

No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.

How much is the down payment for this Rutledge home?

Down payment terms are negotiable. Sign up for free to get the specific financing details for this Rutledge property.