357 Russell Lane, Decatur, TN 37322

$875,000 Asking Price

3 beds
3 baths
2,100  sqft
Built in 1991

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.

Features & Amenities

Interior

General:
Granite Counters, Open Floorplan, Pantry, Primary Downstairs, Separate Shower, Tub/shower Combo, Walk-In Closet(s)
Appliances:
Refrigerator, Microwave, Free-Standing Electric Range, Electric Water Heater, Disposal, Dishwasher
Laundry:
Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room, Washer Hookup
Basement:
Finished
Flooring:
Hardwood, Tile, Vinyl
A/C:
true, Central Air, Electric
Heating:
true, Central, Electric

Exterior

General:
Dock - Stationary
Parking:
Garage Faces Front, Kitchen Level, Off Street

Construction

Roofing:
Asphalt
Windows:
Vinyl Frames
General:
Brick, Stone, Other, Two, Block

Location

Originating MLS:
Greater Chattanooga REALTORS®
County:
Meigs

Lot

Zoning:
Subdivision Holly Glen Shores Plat Book/Page 1/42 Block/Lot /8 District/Ward 02, 050c A 041.00

Utilities

Utilities:
Cable Available, Electricity Available, Phone Available
Water:
Public
Sewer:
Septic Tank

Financial

Source:
Greater Chattanooga REALTORS®

This listing courtesy of:
Berkshire Hathaway HomeServices J Douglas Properties

About Decatur, TN

Housing

Number of Units
4,285
Median Home Value
$151,520
Median Rent
$505

24.09% of housing units are renter occupied.

11.53% are vacant.

Commute

Car
89.10%
Public Transportation
0.55%
Walk to Work
0.23%
Work from Home
8.15%
Other
0.79%

The median travel time to work is 29 minutes.

People

Population
9,243
Median Age
45.30
Median Household Size
2.66

Education

High School
42.46%
Associate’s Degree
8.11%
Bachelor’s Degree
6.38%
Graduate Degree
4.07%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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