I am running behind on listing some of my properties for sale, so I am putting up just the basic facts, and over the next few weeks, I hope to put up the drone video, my photos, maps and details about the property.

I purchased this parcel when there were no roads (not even a dirt road) running to the property.  I had to use a GPS unit and hike 1/2 a mile from a dirt trail to find the approximate corners of the property.  Since then, they have installed roads to all the parcels in the neighborhood, which makes access to the property a breeze.  The road work was completed in July, and there hasn't even been time for the market to reflect the increase in property values.  At this time, there is no power running to the parcel, but with the roads just installed, it would be a surprise to find the utility company installing power in the neighborhood to accommodate what will likely be a number of new homes built in the neighborhood.

For now, the Marion County Assessor shows the assessed value as $15,100.  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.

But here is some real data, based on Zillow.com as of August 15, 2021:
Zillow Shows value of this 1.66 acre parcel on Salolee Circle (in the Sequatchie Point Subdivision - Phase 3 - Lot #264) as $14,000 which seems below the actual market value.  Here is another listing from Zillow for a parcel about 1/2 mile away in the same area:

1.71 acres on Teludachee Trail (Lot #166) at the corner of Kyuga Dr is listed at $49,900
3.09 Acres at 47 Yona Land (within a mile or so) is listed at $23,000 for 3.09 acres

I am offering this parcel at just $22,500 (the lowest priced parcel in the subdivision), and will give you a 20% cash discount (whether you finance it, or write a check, I don't care).  So $22,500 minus the $4,500 discount makes the lot yours for just $18,000.  With the shortage of buildable property in Southeastern Tennessee, who knows how quickly this property might appreciate!

Or if you want to preserve your cash to build with, then I will offer owner financing (on a land contract) at ZERO PERCENT INTEREST.
So you can put as little as $1,500 down (plus a $300 doc fee), and the balance over 105 payments at $150 per month.  There is no interest and no pre-payment penalty.

I've got my customary video walking tour, drone footage, photos, details and maps, but for now, I wanted to get this on the website because people are calling me based on the sign I stuck on the property two weeks ago.  Call me if you have further questions.

Larry (423) 596-3196

Here are some photos I took a

​ I purchase these parcels with title insurance.

Not to be overlooked,   

I have
Also notice that the lots appear to be level.

Here are photos of houses occupied by the neighbor to the left, and the neighbor across the street.

​You can enter the latitude and longitude coordinates right into your laptop to see the property.  First - open GoogleMaps.com (be sure to use the comma between the coordinates, and enter a minus sign before the longitude), or enter them into your smart phone and get driving directions directly to the lot.  Here's the location as shown on Google Maps:  xxxxxxxxxxxxx
As an alternative, you can enter the address and see the same thing:  The parcel ox

Here is a map showing the topography of the parcel and the surrounding area, which 

Here's a closer map view showing the lot lines and existing houses.

Here is a satellite view of the parcel showing its proximity 

Here's a map showing the

Here is a much closer look at the property lines, with the red dot on 

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 "Van Buren" county.
3. Input the following "Owner Name":    xxxxxxxx       (Note:  Escrow just closed a couple of weeks ago, and my name isn't showing on the updated records yet.  If you try "xxxxxxxxxxn" and it doesn't yield any results, then the county has updated the records, and you should search "Stewart".
4. You should see the search results, including 8xxxxxxxx, along with the parcel numbers, and other info.  To see the details on your parcel, click the blue "Select" button to see the tax assessor information on the parcel.
5. The upper part of this page shows ownership info and valuations.  As you scroll down to the blue boxes at the bottom of the page, you will see a link to the "View GIS Map for this Parcel"  Click that to see the maps.
6. Now you will be looking at the parcel (outlined in blue) and the surrounding parcels.    You can see thexxxxx) .  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

Here is the street map showing the property lines, without the blue outline.  Our parcels xxxxxxxhe center of the map.

Here is the same map, but with the Aerial Photography tab selected.  Notice that s

Here is a map and I used to Measuring tool to outline the two lots together.  The tools shows th

And finally, I feel the following map is very important for any parcel in Tennessee.  This FEMA Flood Map shows thatxxxxxxxxxxxxxxxx is in an area of minimal flood hazard (FEMA Zone X Minimal Flood Risk).   If you want to see what a elevated risk flood zone looks like, look at Highway 75 just north of the highway and south of the Volkswagen plant in Chattanooga, TN.  There you will see "Zone AE" which is a high-risk floodplain.  Please do your own due diligence, but based on the maps, I don't see any concern.

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

The parcelxxxxxxx acre in size.

The property is zoned "Residential".  This means you can only build a single family home on this parcel.  

In xxx

As you could see in the photos, the parcels have electrical power available at the street.  I am told that the parcels have access to gas, water and telephone.   Sewer is not available in this area



The schools seem to be better than average for Tennessee.  GreatSchools rates xxx out of 10 rating.

And I have a few documents that I have downloaded, and want to make them available to you.  At the bottom of this webpage, you will see the following documents you can download, or open them up and read them on-line.  These are:

• The

Let's talk about land value...  
As you can see from the property tax records above, the County Assessor values the property at just $xxxxer parcel.  In a minute, I'll show you what others value the parcel at, but first, let's talk about the Assessor value.  Every land or home owner wants their property to be worth as much as possible, but they want their assessor to value their property as low as possible, because this assessed value is a factor of how much the property tax will be.  Any property owner can call the assessor and ask them to revalue their property, and I could ask to have a valuation of $xxxxx, but that would forever increase my property taxes.  So I am happy to have the xxxxxCounty Assessor show the value at only $xxxx

However, when I bring up Redfin.com and look at the lots for sale in this section ofxxxxx.   Notice that Redfin is more up to date than the other county websites, as it lists my name and email addresses as the owner to the right.  

​

​​However, there are other parcels in other parts of the area, some of which are a long way from the lake, and/or are located on gravel roads, or are less likely to have sewer access in the near future, or are less desirable for one reason or another.  These parcels are available for much lower prices.  And if you only want to have access to the resort amenities, and never plan to build, and don't care about resale value, then one of the cheaper lots might be perfect for you.   But, if you do care about these things, then please, continue on.

If I were interested in maximizing my return on investment, I would list these properties with a Realtor, and if I wait long enough, I would likely get about $xxxxxxxxxxxt.  BUT, I am an investor, and I would rather sell this quickly, make less money, but free me up to invest in the next lot as soon as possible, so I always sell my lots at a lower cost, and/or, offer them with very attractive financing.   So here's what I an offering on these lots...

​You can buy xxxxxxxxx  at only $ xxxxxxxxxx less a 20% discount for cash, making it $xxxxxxxx.

xx

If you are paying cash, I suggest we use the same escrow service  that I used when I purchased the property.  They already did the title search, and I purchased the parcels with Title Insurance, which means you can also get title insurance which will be important for long-term investment purposes, and especially if you want to secure a bank loan for financing the construction of your dream home.

I am also offering owner financing for someone that wants thexxxxxx but needs to spread the payments out, and doesn't want to pay interest.

You can purchase both parcels on a land contract, with a down payment of $3,500 (plus a one time $300 document fee)  which is applied towards the purhase price of $35,000) to be followed by 90 monthly payments of $350 per month.  That's a total of $35,000 paid (plus the $300 doc fee), with ZERO INTEREST!   During the purchase term, seller will be responsible for payment of property taxes, and buyer will be responsible for POA fees and assessments, which could include a special assessment for sewer, if they proceed with this during the payment term.

That's the most of the important info.  Below, you will find some additional information that I have accumulated.  I am providing you with all the info I have.  If you have additional questions, do your own due diligence.  Feel free to call the county, the property owner association, an attorney, an accountant, etc.  

Before you pull the trigger on this purchase, please read all the info I've provided on this page.  And if you are going to pay with the zero percent financing option, please click here and read that info before making a decision.  There are qualifications, but they are easy.

Then -- if you want to snatch up this property before anyone else does, then be the first one to click one of these four  buttons to lock up the property.  Note:  I respond as quickly as I can, and remove the purchase buttons ASAP when someone has purchased the property, but it's possible that someone else may have purchased the property in the few hours before you pressed the button.  If that should happen, I will reject your payment, and let  you know that someone else has already purchased the parcel(s).

If you want to check with me before you press the button, feel free to call or text me at (423) 596-3196.  Thanks!

Before proceeding, I highly recommend you jump over to the FAQ's page, and read through that info.  At the bottom of that page is more info about the purchase options (cash or terms) and you can download the actual forms we use.  But for now, let's look at more details about the four buying options shown above.

Assuming you are the first to click the button, I will be accepting your payment, and will let you know by email that I have accepted your payment and will proceed with the transaction as described below.

If you are not the first, or if someone pressed the button while they were drunk last night, and when they sobered up, they contacted me and asked to back out, then you might still have a chance to purchase the property.  Otherwise, if someone is moving forward with the payment, I will reject your payment, but will let you know, and I will offer keep your info on file in case there is a problem with the first purchase.

​$300 EARNEST MONEY DEPOSIT ON ONE VACANT LOT: xxxxx
When you click this "Add to Cart" button, and complete the transaction in the "Shopping Cart", you are paying a $300 Earnest Money Deposit, and committing to purchasing the vacant lot at xxxxxxxxxxx for cash.  I will send you a simple purchase agreement (available for download at the very bottom of this page) to sign and send back to me (usually you can print it out, sign it, then take a picture with your phone and send it back to me by email or text.  Then, I will forward this signed purchase agreement to the escrow company I used when I purchased the property (First Crossville Title Company, 396 South Main Street, Crossville, TN  Phone: 931-484-4533) and let them know that I have collected the $300 earnest money deposit.  In addition to the remaining $xxxxx for the purchase, you can expect to pay about $500 for the escrow settlement fee, title search, title insurance premium, the Lake Tansi POA new member fee, and miscellaneous taxes and fees.  Upon settlement, you will receive a Warranty Deed for the property, and a Title Insurance Policy.  If you don't live in the area, you don't have to make a trip to Crossville for the settlement.  Upon your request, the escrow agent will offer to send you (usually by email) a few documents for you to print and sign, and will arrange to have you overnight the documents back to the escrow office, along with bank wire transfer instructions, so you can make the payment and complete the transaction.  I generally drive to attend the escrow closing in person, so if you are able to attend in person, I'll get a chance to meet you at that time.   If you have any questions about this process, please feel free to call me and ask.

x

$3,500 DOWN PAYMENT AND DOC FEE - SET UP A LAND CONTRACT
This option is very different than the "cash purchase" process, and I want you to read through instructions and associated forms completely before deciding to proceed.  Please jump over to the FAQ's page now.

When you download the agreements (you can download them from the bottom of the FAQ's page , the you will need to know what information to write into the blanks before you sign the documents.

HERE IS THAT INFO FOR THE CASH SALE OF ONE PARCEL: VACANT LAND PURCHASE AGREEMENT
ONE THIS DATE OF:  Enter today's date.
OFFICIAL ____ COUNTY:    For this property enter "Cumberland"
APN:  "149C G 019.00" (for 8212 Cherokee Trail) or
APN:  "149C G 020.00" (for 8214 Cherokee Trail)
TOTAL ACREAGE OF:  " 0.3 " Acres
PURCHASE PRICE OF:  "$4,000"   (which includes the 20% cash discount off the wholesale $5,000 purchase price)
RECEIPT OF:  "$300"

HERE IS THAT INFO FOR THE CASH SALE OF BOTH PARCELS: VACANT LAND PURCHASE AGREEMENT
ONE THIS DATE OF:  Enter today's date.
OFFICIAL ____ COUNTY:    For this property enter "Cumberland"
APN:  "149C G 019.00 and 149C G 020.00" 
TOTAL ACREAGE OF:  " 0.6 " Acres
PURCHASE PRICE OF:  "$6,400.00"   (which includes the 20% cash discount off the wholesale $8,000 purchase price)
RECEIPT OF:  "$300"

​HERE IS THAT INFO FOR THE TERMS SALE OF BOTH PARCELS: LAND CONTRACT and ASSOCIATED DOCUMENTS
​Here are the instructions for filling out the PROMISSORY NOTE:

1. On the first line, fill in the date of the agreement (Example:  7/1/2021).
2. On the second line, fill in your name(s) as the Buyer (Example:  Bill and Susan Jones).
3. On the third line, fill in your best email address:  (Example:  BillSusan@fastmail.com).
4. On the fourth line, fill in your mailing address (Example: 123 Main St, City, State, Zip)
5. On the last line of the first paragraph, fill in the full purchase price of the parcels ($10,000).
6. On the first line of the second paragraph, enter the amount of the initial payment already made to purchase the property:  ( $1,300.00).
7. On item #1, Payment, enter the number of monthly payments: (36) and the amount of the payments: ($250.00)
8. On the last page, print the name(s) of the Borrowers (Buyers), and then sign the agreement.

 
Here are the instructions for filling out the LAND SALE CONTRACT:

1. On the first line, fill in the date of the agreement (Example:  7/1/2020).
2. On the second line, fill in your name(s) as the Buyer (Example:  Bill and Susan Jones).
3. On the fifth line, fill in the name of the county where the parcel is located (Cumberland), and the number of acres of the parcel (0.6)  because this includes both parcels.
4. On the seventh line, fill in the APN ( 149C G 019.00 and 149C G 020.00)
5. Where indicated, print the Buyer’s Address, Phone Number and E-mail
6. On the last blank on this page, fill in the full purchase price of the parcel  ($10,000.00).
7. In the middle of the third page, write your initials (if two buyers, then both need to initial) indicating you have read and understand the terms.
8. Near the bottom of the third page, fill in the following:

• Total Purchase Price,  ($10,000)
• Initial Payment Amount, ($1,000)
• Document Preparation Fee, ($300)
• Total amount financed, ($9,000)
• Monthly Payments of, ($250)
• Period of, (36) month

​     9.   On the last page, print the name(s) of the Borrowers (Buyers), and then sign the agreement.
 
Here are the instructions for filling out the AGREEMENT FOR THE SALE AND
PURCHASE OF REAL ESTATE – NO BROKER – VACANT RESIDENTIAL LAND:

1. On the first line, fill in the date of the agreement (Example:  7/1/2020).
2. On the second line, fill in your name(s) as the Buyer (Example:  Bill and Susan Jones).
3. On the third line, fill in your best email address:  (Example:  BillSusan@fastmail.com).
4. On the fourth line, fill in your mailing address (Example: 123 Main St, City, ST Zip)
5. On item #1, fill in the number of acres (0.6), the county where the property is located (Cumberland), and the state (Tennessee), and the APN or Assessors Parcel Number ( 149C G 019.00 and 149C G 020.00)
6. On item #2, fill in the Total Purchase Price: ($10,000), and the initial payment amount ($1.000), and the Doc Fee ($300)
7. On item #3, fill in the amount financed, which is the total purchase price minus the initial payment amount (Example $9,000),  the number of monthly payments: (Example: 36) the amount of the payments: ($250.00), and the amount of estimated annual property taxes (Example $ 138.00) per year
8. On item #4, fill in the initial payment amount ($1,000.00),
9. On the last page, print the name(s) of the Borrowers (Buyers), and then sign the agreement.
10. On item #10,  put an ( x ) in the first space, because the Seller DID purchase with a title insurance policy.
11. On the last page, print the name(s) of the Borrowers (Buyers), and then sign the agreement.

 

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 us a call.  (By the way, we don't take goats in trade.)

MORE INFO:
If you find any information on this web page to be incorrect, please let me know so I can make a correction ASAP.  After you have read ALL the information on this page (which means you know everything I know about the property), feel free to call me if you have any additional questions or need to clarify anything.  My name is Larry Stewart and my personal cell phone number is (423) 596-3196

Here are some PDF copies of documents you may want to review...​

• The deed used to transfer ownership of the parcels to me, and​​