6 months on rocket

Demory Rd, Lafollette, TN, 37766

$35,000

0.48 Acres
Land

Location

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Property Highlights

Home TypeOther
MLS #1260025
Lot Size0.48 Acres
StatusActive

About Demory Rd

Here's an opportunity you won't want to miss: your chance to own one, or all three exceptional lots boasting stunning lake views and exclusive deeded private lake access. These gently rolling parcels offer the perfect setting for your dream home and come complete with gated entry to a private boat launch, dock, and picnic area. With a combined acreage of 1.41 acres (MLS 1260022), there's ample space to create your lakeside oasis. Lot #3 is .48acres , Lot #4 is .46acres Lot #5 is .47acres. According to the original subdivision survey, each lot is currently approved for a 3-bedroom septic system, providing both convenience and peace of mind. Plus, you'll appreciate the minimal restrictions and low annual HOA fees of just $225, along with favorable tax rates. Whether you choose to purchase one lot or all three, you'll enjoy prime access, corner lot positioning, and the potential for breathtaking views. What's more, these lots are conveniently located just up the road from a newly planned 60+ slip marina, promising even more convenience and amenities for lake enthusiasts. Beyond your property's borders, there's a wealth of attractions to explore. Navigate the nearby Fork Bend TVA wildlife sanctuary and Chuck Swan State Park by kayak, or take advantage of the easy access to I75 and essential amenities at Demory Market. Just a short distance from Shanghai Resort, you can dine and access marina services with ease. Norris Lake itself offers limitless recreational opportunities, from water sports to ATV trails at Windrock and Royal Blue. And when you're ready for a change of scenery, day trips to the Bourbon Trail or the Great Smoky Mountains are within reach. Lot lines approximated, Drone Footage Utilized. Interested in even more land? Lots 1 and 2 totaling an additional 1.14acres are available allowing you the opportunity to own 2.55acres!

Property Details

Property Features

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Phone: (888) 519-5113

Lot Features

Lot Information:

  • Lot: Rolling/Hilly, Wooded
  • Lot Size: 0.48 Acres

Other

Directions Information:

  • Directions: From Downtown LaFollette, Turn left onto Hunters Branch Rd. Bear right onto Demory Rd. Keep left to stay on Demory Rd. The last intersection before your destination is Camp Galilee Rd. Arrive at Demory Rd. Signs on property If you reach Shanghai Landing Ln, you've gone too far.

Price Information

Listing Price Info

Price Summary:

  • List Price: $35,000
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Housing Market Comparison

See how this home compares to others in La Follette, TN.

Med. Sold Price

$260K

Med. Price/SqFt

$176

Avg. Days On Market

46

# of Sold Homes

16

Demory Rd vs La Follette

209 DAYS ON ROCKET

+163 Days

$35,000

-$225K Less

KEY TAKEAWAY

This property is $225K less than the Median Sold Price in La Follette, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1260025

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Phone: (888) 519-5113

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: 11/15/2024, 6:20:56 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

Feb 06, 1992Home Sold
$60,000
Feb 04, 1992Home Sold
$60,000

History based on county public records data.

Payment Calculator

$242

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$171

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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-17784
4
/10
  • LaFollette Elementary School

  • 195 Myers Ln

  • 6.20 miles

  • Public District Grades PK-5

school-card-donut-17785
6
/10
  • Valley View Elementary School

  • 1187 Old Middlesboro Hwy

  • 7.06 miles

  • Public District Grades PK-5

school-card-donut-17786
7
/10
  • Jacksboro Elementary School

  • 164 Jacksboro Elem School Rd

  • 7.60 miles

  • Public District Grades PK-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,518. Residents of La Follette, TN typically earn less than $35k each year. The most common type of family is married, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About Demory Rd

What is the listing price of this property?

The listing price of Demory Rd property is $35,000.

What type of property is this?

The property Demory Rd is land located in Lafollette, Tennessee, 37766.

Is this property for sale now?

Active Listing: Demory Rd is For Sale (Active/New) which means the seller is accepting offers.

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

The last sale was on February 6, 1992 for $60,000. (source: MLS/tax record).

How much acreage is this property?

The property Demory Rd is 0.48 acres.
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Rocket HomesTennesseeCampbell CountyLa Follette37766Demory Rd

This home is located at Demory Rd in Lafollette, TN and zip code 37766. This home sits on a 0.48 acre lot. It has been listed on Rocket Homes since April 20, 2024 and is currently priced at $35,000.

Over 5 listings were sold over their listed price in October 2024 in La Follette, TN. In the same period over 6 listings were sold below the listed price and 5 listings were sold for the listed price. The number of listings in La Follette, TN increased by 2.4% between September 2024 and October 2024. While the average time on the market in October 2024 was 46 days, the median list price was $260,000.

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

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