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864 Stonegate Way, Townsend, TN, 37882

$97,000

0.88 Acres
Land

Location

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Property Highlights

Home TypeOther
MLS #1279303
Lot Size0.88 Acres
StatusActive

About 864 Stonegate Way

Located in the heart of a prestigious gated community, this lot offers an exceptional opportunity to build your dream home in a serene and picturesque setting. This particular lot boasts one of the highest elevations in Stonegate, providing breathtaking seasonal mountain views when the trees are full of leaves and evolves into gorgeous mountain views as the leaves fall. Clear a few trees to create the view you desire. The wooded surroundings create a sense of privacy and tranquility, perfect for those seeking a peaceful retreat from the hustle and bustle of everyday life. As you drive to the property, you'll immediately notice the well-maintained private roads, a testament to the community's commitment to preserving the area's natural beauty and ensuring residents' comfort. A partial roughed in path (roughed in driveway) leads to a prime building site approximately 220 feet up the slope. You'll need to walk this, as it is not finished for driving. This thoughtful preparation allows you to envision your future home's placement with ease. The lot is permitted for a three-bedroom dwelling, offering ample space for a comfortable family residence or a luxurious vacation home. One of the most appealing aspects of this property, besides the beauty and privacy, is its convenient location. Situated less than 10 minutes from Townsend's charming restaurants, diverse shopping options, and exciting attractions, you'll have easy access to modern amenities while still enjoying the tranquility of your mountain hideaway. For those with an adventurous spirit, the property borders an undeveloped 600-acre tract, and an old logging road adjacent to the lot beckons for hiking and exploration. Imagine stepping out of your front door and immediately immersing yourself in nature's wonders. For nature enthusiasts, the proximity to the Great Smoky Mountains is a dream come true, providing endless opportunities for outdoor adventures and exploration. Gatlinburg, Knoxville, and the Regional airport are all within easy access as well. The lot's infrastructure is ready for development, with easy access to city water and underground electricity. This eliminates many of the challenges often associated with rural property development, allowing you to focus on designing your ideal home. The Stonegate community takes pride in maintaining its roads and protecting property values through a homeowners association. With a current annual fee of $457, you can rest assured that the neighborhood will remain well-maintained and preserve its charm for years to come. One unique feature that sets this lot apart is its potential for short-term rentals. This flexibility allows you to generate income from your property when you're not using it, making it an attractive option for investors or those looking for a vacation home with revenue potential. As you walk the property, you'll notice fluorescent pink flags marking the approximate property lines. These markers, placed by the sellers, help you visualize the expanse of your potential new home site. In summary, this beautiful lot in Stonegate offers a rare combination of natural beauty, privacy, and convenience. With its high elevation, potential for stunning views, and proximity to both nature and local amenities, it's an ideal canvas for creating your personal mountain retreat. Whether you're looking for a permanent residence or a vacation home with investment potential, this property presents an exciting opportunity to turn your vision into reality. Don't miss your chance to stake your claim in this slice of Tennessee paradise!

Property Details

Property Features

Listing Office:

  • Office Name: Realty Executives Associates
  • Office Phone: (865) 983-0011

Lot Features

Lot Information:

  • Lot: Rolling/Hilly, Wooded, Irregular Lot
  • Lot Size: 0.88 Acres

Other

Directions Information:

  • Directions: Highway 321 toward Townsend. Right on Myers Road. Right on Fox Hollow Road. Continue through Stonegaate entrance. Continue to stop sign. Turn left. Lot is locatd on the right (across from 857 Stonegate)

Price Information

Listing Price Info

Price Summary:

  • List Price: $97,000

HOA Fees:

  • Amount: $457
  • Frequency: Annually
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Housing Market Comparison

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

Med. Sold Price

$439.9K

Med. Price/SqFt

$302

Avg. Days On Market

102

# of Sold Homes

6

864 Stonegate Way vs Townsend

42 DAYS ON ROCKET

-60 Days

$97,000

-$342.9K Less

KEY TAKEAWAY

This property is $342.9K less than the Median Sold Price in Townsend, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1279303

Listing Office:

  • Office Name: Realty Executives Associates
  • Office Phone: (865) 983-0011

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 Knoxville Area Association of REALTORS® Multiple Listing Service. 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. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.

The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

Copyright © 2024 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/24/2024, 8:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$590

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$357

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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.

Nearby Schools

school-card-donut-1123038
5
/10
  • Townsend Elementary School

  • 140 Tiger Dr

  • 0.86 miles

  • Public District Grades PK-5

school-card-donut-1123039
5
/10
  • Walland Elementary School

  • 247 E Millers Cove Rd

  • 5.76 miles

  • Public District Grades PK-5

school-card-donut-1123040
3
/10
  • Pigeon Forge Primary School

  • 1766 Waldens Creek Rd

  • 11.23 miles

  • Public District Grades PK-3

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,099. The majority of Townsend, TN residents have income between $35k-100k annually. The most common type of family is married, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 864 Stonegate Way

What is the listing price of this property?

The listing price of 864 Stonegate Way property is $97,000.

What type of property is this?

The property 864 Stonegate Way is land located in Townsend, Tennessee, 37882.

Is this property for sale now?

Active Listing: 864 Stonegate Way is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 864 Stonegate Way is 0.88 acres.
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Rocket HomesTennesseeBlount CountyTownsend37882864 Stonegate Way

This home is located at 864 Stonegate Way in Townsend, TN and zip code 37882 in the Stonegate neighborhood. This home sits on a 0.88 acre lot. It has been listed on Rocket Homes since October 12, 2024 and is currently priced at $97,000.

While more than 0 listings in Townsend, TN in October 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 5 were sold below. The inventory of homes for sale in Townsend, TN between September 2024 and October 2024 increased by 15.6%. In October 2024 median list price was $439,900 and the average listing age was 102 days.

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

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