Cherokee Lake and Mountain Views from this 0.62 acre lot in Chelaque. Corner lot lays mostly level and has been cleared. Electric and high speed internet at the road; well and septic needed. Chelaque is a gated community on Cherokee Lake that offers residents private boat ramp and marina. Subdivisions allows site built homes only with minimum 1400 sq ft. Home Owner Association Dues $575/year. Located just 20 minutes from Morristown or Rogersville; approx hour drive to Smoky Mtns. Priced below tax appraisal! Chelaque is gated so please schedule appointment with agent to show.
Lots and Land MLS#: 588427
and cleared, this 0.62 acre lake-view corner lot was designated in the original plat
as Lot #19 in Phase 1 of Chelaque Estates, a 640 acre gated community adjoining Cherokee Lake near Morristown, TN. Chelaque
is situated: 19 miles from Morristown; 51 miles from Knoxville; 57 miles from
Pigeon Forge; 64 miles from Gatlinburg; and 108 miles from Asheville, NC. Residents
of Chelaque have access to a boat launch, private marina and dock and to
a community pavilion and picnic area. If you like to fish, Cherokee is a large lake
(400 miles of shoreline) and is the home to 46 species of fish. If you like to golf, there are 60 golf
courses within a 50 mile radius of Morristown. If you love nature and like to hike, enjoy the
miles of road contained within the gated community or travel about 57 miles to
enter the Appalachian Trail near Cosby, TN.
It is not surprising to see a myriad wild life, including deer and
turkey, wandering Chelaque since it was previously a hunting preserve. The current sale price of $22,500 is well
below the property’s assessed value which in 2018 was $33,000. If you are looking for friendly people and a
beautiful spot to build a summer home, you’ve found it!
Home owner association dues of approximately $575 per year. 2019 taxes on the lot were $208.91 Chelaque is restricted to site built homes only with minimum square footage requirement of 1400 sq ft for one level homes. Well and septic needed. Information detailing the bylaws and
covenants and amenities offered by Chelaque Estates can be found on the web at www.Chelaque.org.
Tennessee has NO state income tax and some of the lowest property tax rates in the country.