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River Rd 107.05 Acres of Residential Land Offered at $605,000 in Ten Mile, TN 37880

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INVESTMENT HIGHLIGHTS

  • Lake Views
  • Mountain Views
  • Privacy
  • Lake Access
  • Timber
  • Multi Rd Access

EXECUTIVE SUMMARY

107.5 acres on River Road about 15 minutes south of I-40 and Kingston in Roane County. Across River Road (TN 304) from Watts Bar Lake, close to Blue Spring Marina. The property is surrounded by nice waterfront houses
and is great for a nice retreat in the woods, great hunting land, a good timber investment, or a prepper's BOL.
Fronts a state highway and a paved county road on the back side. Power and plenty of public water are to the property. The property is rolling and has several sites where a nice house could be build with lake views. Lender is open to financing the purchase on great terms to a new owner. This is a Greenbelt property and has been set up to be transferable. 108 wooded acres with River Road frontage across from the Lake & 0.09 acres on the Watts Bar Lake-side of River Road. The property between this farm and Watts Bar Lake is state owned.
This property can be purchased in its entirety or in two separate plots. The rear ~32 acres is priced at $3,500/Ac while the front ~75 acres is priced at $7,000/Ac.
As seen in the documents for this property, there was a professionally prepared forest management plan done on this property in 2018 showing that it has not been logged in over 30 years. There is potential timber sales of a significant value on this land. This same study was additionally used to maintain the "Greenbelt" tax reduction that is in place.

PROPERTY FACTS

Price $605,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Planned Unit Development
  • Restaurant
Total Lot Size 107.05 AC
Zoning Lake View

1 LOT AVAILABLE

Lot

Price $605,000
Price Per AC $5,651.56
Lot Size 107.05 AC

107.5 acres on River Road about 15 minutes south of I-40 and Kingston in Roane County. Across River Road (TN 304) from Watts Bar Lake, close to Blue Spring Marina. The property is surrounded by nice waterfront houses.

DESCRIPTION

107.05 acres on River Road about 15 minutes south of I-40 and Kingston in Roane County. Located across River Road (TN 304) from Watts Bar Lake, close to Blue Spring Marina. This property can be purchased in its entirety or in two separate plots. The rear ~32 acres is priced at $3,500/Ac while the front ~75 acres is priced at $7,000/Ac. As seen in the documents for this property, there was a professionally prepared forest management plan done on this property in 2018 showing that it has not been logged in over 30 years. There is potential timber sales of a significant value on this land. This same study was additionally used to maintain the "Greenbelt" tax reduction that is in place.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
117-020.00
Land Assessment
$25,625
Improvements Assessment
$0
Total Assessment
$25,625
  • Listing ID: 9638721

  • Date on Market: 10/17/2017

  • Last Updated:

  • Address: River Rd, Ten Mile, TN 37880

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