9 months on rocket

357 Russell Ln, Decatur, TN, 37322

$875,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths
2,100 SqFt
$417/SqFt
House

Location

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357 Russell Ln, Decatur$875,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage Faces Front, Kitchen Level, Off Street
Year Built1991
HeatingCentral, Electric
CoolingCentral Air, Electric
BasementYes
MLS #1388656
Lot Size0.35 Acres
StatusActive

About 357 Russell Ln

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.

Property Details

Property Features

Property Information:

  • Year Built: 1991
  • Stories: 2
  • Living Area: 2,100 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices J Douglas Properties
  • Office Phone: (423) 498-5800

Interior Features

Interior Information:

  • Appliances: Refrigerator, Microwave, Electric Range, Electric Water Heater, Disposal, Dishwasher
  • Basement: Yes
  • Flooring Type: Hardwood, Tile, Vinyl
  • Interior: Granite Counters, Open Floorplan, Pantry, Primary Downstairs, Separate Shower, Tub/shower Combo, Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Boat Dock, Porch/Covered, Deck, Patio

Parking Information:

  • Attached Garage: No
  • Parking: Garage Faces Front, Kitchen Level, Off Street

Lot Features

Lot Information:

  • Lot: Cul-De-Sac, Sloped, Wooded, Other
  • Lot Size: 0.35 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Electric

Other

Directions Information:

  • Directions: Starting onto TN-58 E/TN-153 S. Go for 0.9 mi. Take exit 5A toward TN-58 N/Decatur onto TN-17 N/TN-58 E. Go for 31.4 mi. Turn left onto Cottonport Rd. Go for 1.8 mi. Turn left onto Cottonport Rd. Go for 2.1 mi. Turn left onto Holly Glen Ln. Go for 0.8 mi. Turn slightly right onto Russell Ln. Go for 0.2 mi.

Price Information

Listing Price Info

Price Summary:

  • List Price: $875,000
  • Price Per SqFt: $417/SqFt

Tax Information:

  • Annual Amount: $959
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Decatur, TN.

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Decatur, TN

City

Med. Sold Price

$264.5K

Med. Price/SqFt

$183

Avg. Days On Market

74

# of Sold Homes

15

357 Russell Ln vs Decatur

278 DAYS ON ROCKET

+204 Days

$875,000

+$610.5K More

$417/SqFt

+$234 More

KEY TAKEAWAY

This property is $610.5K more than the Median Sold Price and $234/SqFt more than other homes in Decatur, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Greater Chattanooga REALTORS®
  • MLS Number: #1388656

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices J Douglas Properties
  • Office Phone: (423) 498-5800

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 11:51:09 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jul 01, 2014Home Sold
$129,900

Tax History

YEARPROP. TAXASSESSMENT
2020$959$52,825
2019$959$48,400
2018$959$48,400
2017$959$48,400

History based on county public records data.

Payment Calculator

$4,435

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,690

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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.

Nearby Schools

school-card-donut-883773
7
/10

  • Frazier Elementary School

  • 3900 Double S Rd

  • 3.06 miles

  • Public District Grades KG-5

school-card-donut-883774
7
/10

  • Meigs South Elementary School

  • 9638 State Highway 58 S

  • 4.04 miles

  • Public District Grades PK-5

school-card-donut-883775
5
/10

  • Rhea Central Elementary School

  • 1005 Delaware Ave

  • 7.70 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $32,246. The majority of Decatur, TN residents have income less than $35k annually. 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 357 Russell Ln

What is the listing price of this property?

The listing price of 357 Russell Ln property is $875,000.

What type of property is this?

The property 357 Russell Ln is a house located in Decatur, Tennessee, 37322.

Is this property for sale now?

Active Listing: 357 Russell Ln 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 $959 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on July 1, 2014 for $129,900. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 357 Russell Ln has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 357 Russell Ln is 2,100 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 357 Russell Ln is 1991.

Rocket Homes›Tennessee›Meigs County›Decatur›37322›357 Russell Ln

This home is located at 357 Russell Ln in Decatur, TN and zip code 37322. This 2,100 square foot home, which was built in 1991, sits on a 0.35 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 18, 2024 and is currently priced at $875,000.

Decatur, TN housing market in November 2024 saw over 4 listings sold above listed price, more than 1 sold at listed price and over 10 sold below. The number of homes for sale in Decatur, TN increased by 18.8% between October 2024 and November 2024. Listings spent 74 days on the market in November 2024, and had a median list price of $264,500 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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