Discover the perfect opportunity to build your dream home on this desirable lakefront lot in Morristown, TN. Situated on over half an acre, this Cherokee Lake property offers year-round water access just off the main channel. The lot has undergone thorough soil testing, confirming its buildable status, and utilities are conveniently located at the road. Don't miss out on the chance to enjoy lakefront living with the assurance that this prime lot provides. Make it yours today!
Property Details
Property Features
Listing Office:
Office Name: Greater Impact Realty Lakeway
Office Phone: (423) 586-0376
Listing Agent: Ben Cantwell
Exterior Features
Exterior Information:
Waterfront: Lake Front, Lake Access
View: Mountain(s), Water
Lot Features
Lot Information:
Lot: Sloped
Lot Size: 0.60 Acres
Other
Directions Information:
Directions: From Andrew Johnson Hwy. Turn left onto N Cumberland St. Turn left onto Rader St. Keep left onto Shields Ferry Rd. Continue onto Spout Springs Rd. Take a sharp right turn onto Hill Trail Dr. The property is on your right
Price Information
Listing Price Info
Price Summary:
List Price: $135,900
Tax Information:
Annual Amount: $166
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Morristown, TN.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$746
Per Month
Principal & Interest
$679
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$474
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Fairview Marguerite
2125 Fairview Rd
Distance between this listing and this school1.51 miles
Public District Grades KG-5
5
/10
West Elementary School
235 W Converse St
Distance between this listing and this school2.59 miles
Public District Grades PK-5
5
/10
John Hay Elementary School
501 Britton Ct
Distance between this listing and this school2.64 miles
Public District Grades KG-5
Nearby Schools
5
/10
Meadowview Middle School
1623 Meadowview Ln
Distance between this listing and this school2.25 miles
Public District Grades 6-8
5
/10
Lincoln Heights Middle School
219 Lincoln Ave
Distance between this listing and this school3.96 miles
Public District Grades 6-8
7
/10
East Ridge Middle School
6595 Saint Clair Rd
Distance between this listing and this school5.90 miles
Public District Grades 6-8
Nearby Schools
4
/10
Morristown East High School
1 Hurricane Ln
Distance between this listing and this school3.11 miles
Public District Grades 9-12
1
/10
Hamblen County Alternative School
376 Snyder Rd
Distance between this listing and this school3.17 miles
Public District Grades KG-12
5
/10
Morristown West High School
1 Trojan Trl
Distance between this listing and this school4.07 miles
The neighbors living near this home have an average income of $51,884. Most Morristown, TN residents have annual incomes between $35k-100k. Most families are married, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 2061 Lakewood Dr
What is the listing price of this property?
The listing price of 2061 Lakewood Dr property is $135,900.
What type of property is this?
The property 2061 Lakewood Dr is land located in Morristown, Tennessee, 37814.
Is this property for sale now?
Active Listing: 2061 Lakewood Dr is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $166 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on December 8, 1992 for $10,600. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 2061 Lakewood Dr in Morristown, TN and zip code 37814. This home sits on a 0.60 acre lot. It has been listed on Rocket Homes since August 27, 2024 and is currently priced at $135,900.
Morristown, TN housing market in October 2024 saw over 5 listings sold above listed price, more than 3 sold at listed price and over 9 sold below. The number of listings in Morristown, TN increased by 3.5% between September 2024 and October 2024. Listings spent 70 days on the market in October 2024, and had a median list price of $279,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Figure Skating
Figure Skating
NASCAR
Extreme Sports
Kmart
Dollar General
Academy Sports & Outdoors
Bob Evans
Cracker Barrel
Little Caesars
Buick
Ram
Chevrolet
Oldies
Classic Country