I purchased this lot from a Floridian couple that planned on building their dream home on this lake-view parcel, but then the subdivision  suffered from a bankruptcy  or the developer and the bonding company, so no-one was actively building, or even planning to build in this community.  When I bought the lot, you couldn't even drive to the lot.  Since then, the bankruptcy and the bankrupt bond issues have been resolved, they have installed and/or updated the roads to all the parcels in the neighborhood, which makes access to the property a breeze.  The road work was completed in in late Summer, and there hasn't even been time for the market to reflect the increase in property values.  This parcel is one of the ones that already has power lines on the road that is used to access the property, and a seasonal view of the lake (when the leaves don't cover the view) makes this one of the prime properties in the subdivision.  The Neighborhood is gated and features a community pond. Electric is located at the road, septic tank needed as well as rain collection or well water. There are lots of possibilities here for living off the grid, using as an RV lot or weekend getaway, or building your forever home with a breathtaking view! Come see for yourself!  First, let me show you the property.  I've got my "Walking Tour" below, followed by some maps, photos and more details about the property.  Then, I'll discuss the price and purchase terms. 

To start, here is my "Driving Tour" of the property (recorded in September 2021), starting at the front gate, and ending with a view of the property...

  

Here are some photos I took in September.  In the winter time, you can see a little bit of the lake through the trees.  But these photos are taken at street level.  the property slopes up to the right, and the previous owners said they had a great view of the lake.   In the middle photo, if you look closely, you can see a second yellow sign at the other corner of the property.  I used my iPhone and an app (LandGlide) to identify the corners of the parcel.  I would say they are probably within 6-10 feet of where the corner should be.  Click on any of the images to see a larger view.

You might like to find the property by typing the GPS coordinates into their smart phone or the car's GPS unit, and then allowing the moving map to direct you to the property.    Type in the following:    34.999103, -85.557863     (NOTE:  the comma and the minus sign before the second coordinate are important in most GPS units.  I typed these into GoogleMaps.com and here's what I got....

PLEASE NOTE :  The road coming from the Lake was washed out years ago, and is not likely to be restored, due to cost.  Therefore, the only way to drive to the parcel is to come in from the South, through Georgia and Dennis Road.  Directions and maps are below.  Here's where the wash out is in relationship to the parcel.   

Directions to the property:  If you are going to drive, here are turn by turn instructions coming from Trenton, Alabama.  PLEASE NOTE:  IF YOU USE A GPS, OFTEN IT WILL DIRECT YOU TO COME IN FROM THE NORTH SIDE OF THE SUBDIVISION.  THAT ROAD IS PERMANENTLY CLOSED DUE TO A WASHED OUT ROAD.  YOU MUST COME IN FROM THE SOUTH SIDE FROM DENNIS ROAD, THROUGH GEORGIA.  THE SUBDIVISION IS RIGHT ON THE TENNESSEE-GEORGIA BORDER.   Here are the directions.  The first two maps bring you (a) East on Hwy 24 from Nashville, or (b) West on Hwy 24 from Chattanooga.  The third map brings you from exit 17 on Hwy 59, towards the entrance to the subdivision on Dennis Road in Trenton, GA, and the last map brings you from the gate at Dennis road, to the  property.  PLEASE NOTE:  THERE IS A GATE TO THE SUBDIVISION, AND IT IS OFTEN LOCKED.  I SUGGEST YOU CALL ME FOR THE GATE LOCK CODE BEFORE YOU VISIT THE PROPERTY.  

Here is a map showing the topography of the parcel and the surrounding area.  Notice the fairly level spot at the top center of the parcel.  This should be a great place to build your home, allowing for great views of Lake Nickajack to the West.  Also notice that the land is more gently sloped on our side of the road, as opposed to the parcel across the street which runs downhill at a very steep slope.  I think this will help you preserve your view of the lake without someone building right across the street from your lot.

 Next, I am going to show you some screen shots that I use when I am researching a property, and I want you to have access to the same info - in three easy steps:

1. Go to TN Real Estate Assessment Data which can be found at ​​https://www.assessment.cot.tn.gov/RE_Assessment/  
2. ​Either click on the name of the county, or select it from the drop down list below the map.  In this case, we are selecting "Marion" county.
3. Input the following "Owner Name":    Stewart Laurence      
4. You should see the search results, including a few properties that I own in Marion County.  Find the line that shows Teludachee Trail, along with the parcel numbers, and other info. 
5. To see the details on your parcel, click the blue "Select" button to see the tax assessor information on the parcel.   - OR - click on the blue "View GIS" button to see the GIS satellite and map views, and use the measuring tools.
6.  From here, you can scroll in and out, use the buttons at the upper left to see the aerial photography image, the street map, and the FEMA Flood Map.

To save you some trouble, I'll include a couple of the maps in full size below these small screenshots - click on the image to make it bigger.

Here are two views, on the left is the street map and on the right is the aerial or satellite view.  By the way, the maps show a road at the top of the parcel, but this road was never developed, even after the county put in the recent road work.  You will see in the Plat Map below that this parcel is at the back of the subdivision.

Here is the same map, but with the FEMA Flood Zone tab selected.  Notice that there is no flood zone in the neighborhood, but there are flood zones down along Lake Nickajack.

I used the Measuring tool to measure the distance of about 237 feet across the front boundary and about 345 feet from front to back.

Finally, I've got an image of the subdivision plat map, showing our parcel.  Here it is...

OK - that's enough with the photos and maps.  Let's get to the details about the property...

• The parcel is 1.78 acres in size according to the county's GIS website.
• The property is zoned "Residential".  This means you can only build a single family home on this parcel. 

Most subdivisions  have some basic rules regarding construction, in order to preserve the look of the neighborhood, to keep anyone from creating an eye-sore, or allowing use that would distract from the quiet enjoyment of the neighbors.  These simple requirements help preserve your enjoyment of the subdivision, and the value of your investment.  The last thing you want next door is for someone to build a pyramid shaped house, and then paint their house purple with yellow trim,  As you can see by the following clip from the CC&R's for the subdivision...

• ​the minimum square footage for a one story home is 1,200 sf, or 1,800 sf for a two story home.
• The exterior of the house shall be painted in earth tones.
• The subdivision is supposed to approve your plans, to make sure they fit in with the other homes in the area.​​

The manager of the informal HOA wrote me a private message telling me two things about the CCR's:

1. "Dwelling [restrictions] are not being enforced.... with the exception of single wide trailers", and
2. "To the best of my recollection, I believe the setbacks are 40 feet from the street and 10 feet from the side and rear boundaries".

He did suggest checking with the County before proceeding with construction.
Here is the actual wording from that portion of the CCR document...

Let me tell you a little history about the Sequatchie Pointe subdivision...
The subdivision was established by a developer more than a decade ago.  Parcels sold for $50,000 or more (over $140,000 for bluff or lake view lots).  The developer put about $5,000,000 into a bond to guarantee the roads would get built.

Both the developer and the bond company went bankrupt.  There were only a hand full of full time residents in the subdivision, and the property development stalled for many years, until the county suited the bond company, and was finally awarded about 1/3 of the funds in a settlement a couple of years ago.  The county mayor oversaw the use of the funds, and that's when the existing roads were repaired, and the road that led to our property was newly constructed.

Now that the road construction is completed (late summer of 2021), owners can access their property, many for the first time ever.  Prior to the road project, I had to hike about half-an- hour using a compass, and my phone's GPS to find the parcel, which had no road access.  Now, you can drive all the way to the front of the property on a new road.

People that had been discouraged from building for years and years are now excited about moving forward with plans to build homes.
Other relevant things to know about the property..

• The old Home Owner Association (HOA) no longer exists.  The newly formed HOA is a little less formal, and they have agreed to request a $100 per year dues payment, which is voluntary, and is to be used to help maintain the subdivision
• There is electrical power running to some of the properties in the subdivision, and some do not have electrical power (yet). I am glad to report that electrical power lines run along the road, right across the from the front of our parcel, so that saves a substantial cost, and makes it very easy to build.
• There is no sewer, but I am told that at the time of development, all the parcels were  either "perk tested" for traditional septic systems, or there are provisions for some of the parcels (including this one, Lot 164) to have a combined septic system where several parcels are joined by a common line running into a larger septic system located downhill of all the lots.  I ask for a variance to see if they would allow a stand alone septic system, and my variance was denied.  The soil map shows that due to previous "cut and fill" disturbance of the soil, a traditional septic tank can not be installed on this parcel.  However, the notes indicate there is already approval for a unified septic tank line to connect a few properties to a septic tank to be located on a separate parcel.
• Neighbors have been able to drill water wells, but I am told the water is very hard, and most people use a filter system or use bottled water for drinking and cooking.

These factors make this a great investment for the future, assuming natural appreciation as the neighborhood develops, electrical power is brought into the area, and the supply of available residential real estate in Tennessee continues to shrink.

Let's talk about land value...  
For now, the Marion County Assessor shows the assessed value as $13,600.  Of course, annual property taxes are based on assessed value, so I want this figure to be as low as possible, and the assessed value for any county is not necessarily a good reflection on the actual market value.  In fact, I own another parcel without power in the neighborhood, with no view other than the surrounding forest, and it is appraised for more that this prime lake-view lot.  But that's fine with me - it keeps my taxes low for now.

But here is some real data on a pair of lots within 1/2 mile of our parcel (further from the lake), based on Zillow.com as of January 17, 2022:  
2.2 acres on Chesadu Circle (Lot #93 - originally sold for ??? unknown amount ???) is listed at $35,900 ($16,318 per acre)
1.92 acres on Chesadu Circle (Lot #107 - originally sold for $70,500) is listed at $49,900 ($25,989 per acre)
1.71 acres on Teludachee Trail (Lot #166 - originally sold for $104,900) is listed at $49,900 ($29,181 per acre) 
3.72 acres on Teludachee Trail (Lot #186 - originally sold for $45,000) is listed at $70,000 ($18,667 per acre)

And, on the "Sequatchie Pointe for Sale" Facebook Page, there is an owner selling a 2.1 acre lot on Salolee Circle (Lot #275 - originally sold for $70,500) is listed on the page at $90,000 ($42,857 per acre).  And this lot has no power lines to the area.

My lake-view parcel (Lot # 164) originally sold for $148,355 (that's 40-225% grater original value than any of the above listed lots), according to the county records. Of course, that was before the subdivision went through the bankruptcy process, and there was a road leading from the Tennessee side into the subdivision.

I am offering this parcel at just $19,900.  This is easily the best priced parcel in Sequatchie Point, and it has a seasonal lake view!
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Before you pull the trigger on this purchase, please read all the info I've provided on this page.  
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Then -- if you want to snatch up this property before anyone else does, call or text me at (423) 596-3196.  Thanks!

AFTER YOU HAVE READ EVERYTHING ON THIS PAGE, and the FAQ's page , if you need to clarify something, or have process related questions (e.g. can I buy this as a gift, do you take goats in trade, etc.) then please, give call the listing agent.

This property has been listed for sale by:
Hunter Denton
Realtor/Broker
RE/MAX Properties
2242 Encompass Dr Chattanooga, Tn 37421
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C:(423)708-4628    O:(423)894-2900    Text:(901)604-5474
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