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Archived over 4 years ago

$28,550

1 bd 1 ba 0 sqft

Mitchell Creek Pointe, Allons, TN 38541

Residential SFR Off MLS

Current Rent **

$1

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Posted By:

Andy Bauman

Lake view lot in TN at 56% off

Market value up to $65,000

(see comps in pictures, two lots currently for sale in area for much more per acre)
Buy today for as little as $28,550
That is 56% off !!!

Options, options, options...
Do you want a scenic view with land to spread out, but be within 20 minutes of town?

Do you want a weekend retreat away from the city?

Do you want to split the parcel and sell the smaller pieces? This large lot has a lot of road frontage.

Property description:

This lot is inside of the Cornerstone at Mitchell Creek which is 350 acre secluded lake community that is heavily wooded with spectacular lake and mountain views. The home overlooks Dale Hollow lake which is rated by Boater's world as one of the top 50 lakes in the nation. Holding many of the top ten world records for Smallmouth Bass, this particular are of the Cumberland plateau is protected by the Army Corp of Engineers to prevent destruction of the shoreline of Dale Hollow Lake. You can cruise 630 miles of shoreline surrounding Dale Hollow Lake and never encounter a privately owned dock or home along its shores.

Cornerstone is 10 minutes by boat from Willow Grove Marina and Resort. City water, electric, paved streets and sand filtered waste treatment facility are all a bonus of owning property at this private community. Our roadways are private. Gates are open during daylight hours. After hours access is limited to our homeowners and their guests.

Area Information:

20 minutes Allons TN

40 minutes to Crossville

2 hours to Nashville

Seller financing available

Property Details:

State: Tennessee
County: Overton
APN (Assessor's Parcel Number): 011-008.25
Size: 5.22 acres
Zoning: Residential
Road Access: Road to property
Electricity: In road
Water: In road
Sewer: Unknown
Annual Taxes/ HOA Dues: $140.63 / $395 annual

** Notes on listing - The listing form required a rental amount > 0, which is why I put in $1. The lot size is 5.52 acres so I rounded up since it would only take round numbers. There are no bedrooms or bathrooms, however the form required those to be filled in.

Location:

Mitchell Creek Pointe, Allons, TN 38541

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.