Lot 7 Shiloh Springs Road

Closed 1/30/26
Closed 1/30/26
Lot 7 Shiloh Springs Road 1
Lot 7 Shiloh Springs Road 2
Shiloh dock 1
Shiloh dock 2
Shiloh Springs subdivision photo 2
Shiloh Springs subdivision photo 3
Shiloh Springs subdivision photo 4
Shiloh Springs subdivision photo 1
Closed
Last Sold Price
$19,000
Refinance your loan
43,124 Lot Size0.99 Acres

Lot 7 Shiloh Springs Rd, Rutledge, TN 37861

Description

Owner Financing! Instant Approval ! Own a one-acre parcel of land at one of Cherokee Lake's most desirable lakefront communities, Shiloh Springs, for less than $20,000! Seller will provide owner financing with 20% down, which equates to a $3,980 down payment. The Seller will then finance the property for five years at 5.99% interest. Payments will be $307.70. There will be no prepayment penalty, so if you wish to pay off the loan before year five, you can do it. Also, there will be no high loan costs...Owner Financing! Instant Approval ! Own a one-acre parcel of land at one of Cherokee Lake's most desirable lakefront communities, Shiloh Springs, for less than $20,000! Seller will provide owner financing with 20% down, which equates to a $3,980 down payment. The Seller will then finance the property for five years at 5.99% interest. Payments will be $307.70. There will be no prepayment penalty, so if you wish to pay off the loan before year five, you can do it. Also, there will be no high loan costs since a mortgage company/bank is not being used to finance the loan. Instant approval, no credit check, appraisals, and all the other costs that can add up to thousands of dollars with a mortgage company. Closing will be done at a local title company with closing costs typically averaging less than $300. The sales price is firm; you will not find a parcel of land this size in a gated community that offers all Shiloh Springs offer for a better price. The price was going to be set higher with some wiggle room to negotiate but it was decided to set it a lower price and hold firm. The land has some brush and trees, allowing you to decide what to clear and not clear, providing you with a degree of privacy when you build, as opposed to a totally cleared lot where you have to start from scratch with new planting and landscaping. At just under one acre, 0.99, there is plenty of space to determine where to build. Lot 7 has easy access to the Shiloh Springs main gate, no need to wind your way through the development to arrive or depart from your property. Once you own the property you can use all the amenities that Shiloh Springs offers its residents. You are now an official member of the Shiloh Springs community. Even before you build your home, you will be able to use the private residents only boat ramp for launching your boat and/or jet skis. You may use the boat slips to dock your vessel. The photos of the boat slips were taken before additions were made. This year's expansion will provide 22 boat slips for residents to use. Shiloh Springs also has a picnic area and walking trails for its owners. And there is a designated area where you can park your boat and trailers for you to use. All these amenities are covered by your HOA fees which are $90 every three months. When you decide to build your property, the home only needs to be 1,200 square feet. That's it. No manufactured homes are allowed, however. And yes, the home can be larger if you choose. In fact, when Shiloh Springs was developed Lot 7 was approved for a 4-bedroom septic system. Very few lots were approved for these many bedrooms at Shiloh Springs. Property taxes in 2024 for this lot were $199.75. There are no city property taxes, only the county taxes. Located in Grainger County, with its scenic farmland but close to everything. If you are relocating from another state, this area is within an 8-hour drive of 20 of the 50 states, allowing you to remain close to family members. It is conveniently located to the cities of Morristown & Jefferson City. Walmart in Jefferson City is 18 miles away. Walmart in Morristown is 16 miles. Hospitals? Both Morristown-Hamblen and Jefferson Memorial are also 16 miles away. Schools, shopping and dining are all close by. Buy your land now, build now or build later and have it paid off by then. Buy it as an investment if you prefer. Land is always recognized as a great investment. As they say, they're not building any more of it. The options are many.
LandProperty Type
0.99 acresLot Size
$90 / quarterHOA Fees
  • Listed by: Felix Valdes 865.471.8222 Felix@cherokeelakerealty.com • Cherokee Lake Realty
Listing closed: 01/30/2026 01:00 AM
Source: Lakeway Area AOR, MLS#: 709783
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Recent comparable sales

Median sold price

$38,000

Avg days on market

259

Sale-to-list ratio

83.9%

Rutledge, TN

9 comparable properties found

$23,500 | Lot 56 Cow Poke Lane, Rutledge, TN 37861
1/15
1

$23,500

Sold 08/11/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.71
Acres

Lot 56 Cow Poke Lane, Rutledge, TN 37861

$25,000 | Lot 20 Aidans Trail, Rutledge, TN 37861
1/11
2

$25,000

Sold 03/03/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.17
Acres

Lot 20 Aidans Trail, Rutledge, TN 37861

$27,500 | Lot 133 Saddleback Ridge Road, Rutledge, TN 37861
1/21
3

$27,500

Sold 02/27/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.73
Acres

Lot 133 Saddleback Ridge Road, Rutledge, TN 37861

$15,500 | 1.75-acre Deer Ridge Drive, Rutledge, TN 37861
1/4
4

$15,500

Sold 02/12/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.75
Acres

1.75-acre Deer Ridge Drive, Rutledge, TN 37861

$66,000 | 114 Cow Poke Lane, Rutledge, TN 37861
1/14
5

$66,000

Sold 11/10/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.85
Acres

114 Cow Poke Lane, Rutledge, TN 37861

$38,000 | Lot 96 Cow Poke Lane, Rutledge, TN 37861
1/22
6

$38,000

Sold 01/10/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.65
Acres

Lot 96 Cow Poke Lane, Rutledge, TN 37861

$49,500 | Lot 120 Cow Poke Lane, Rutledge, TN 37861
1/19
7

$49,500

Sold 07/25/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.75
Acres

Lot 120 Cow Poke Lane, Rutledge, TN 37861

$67,900 | 30-31 Shiloh Springs Road, Rutledge, TN 37861
1/12
8

$67,900

Sold 02/03/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.83
Acres

30-31 Shiloh Springs Road, Rutledge, TN 37861

$52,000 | Lot 86 Shiloh Springs Road, Rutledge, TN 37861
1/5
9

$52,000

Sold 12/31/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.58
Acres

Lot 86 Shiloh Springs Road, Rutledge, TN 37861

Location

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Property information

Lot 7 Shiloh Springs Road

Property Details

  • Taxes: $200 / year
  • MLS Type: Land / Single Family Residence
  • County: Grainger County
  • Subdivision Name: Shiloh Springs
  • Has Waterfront: No
  • Zoning: Residential

Building Information

  • Lot Size: 0.99 AC

Summary

Location and General Information

  • Directions: Off Lakeshore Drive enter Shiloh Springs. Lot will be on right.

Taxes and HOA

  • Association Fee: $90.00
  • Association Fee Frequency: Quarterly
  • Association Fee Includes: Maintenance Grounds, Maintenance Structure
  • Association: Yes
  • Association Fee Monthly: $30.00
  • Parcel Number: 007.00
  • Tax Annual Amount: $199.75
  • Tax Map Number: 061G
  • Tax Year: 2024

Property

Lot Information

  • Lot Features: Sloped, Gentle Sloping, Views
  • Lot Size Acres: 0.99
  • Lot Size Area: 0.99
  • Lot Size Square Feet: 43124.4
  • Lot Size Units: Acres
  • Road Surface Type: Paved

Property and Assessments

  • Possible Use: Residential, Single Family
  • Property Sub Type: Single Family Residence
  • Property Type: Land

Utilities

  • Sewer: Septic Needed

Interior and Exterior Features

Exterior Features

  • Association Amenities: Boat Slip, Gated, Picnic Area, Parking, Storage, Trail(s)

Property History

Lot 7 Shiloh Springs Road

DateEventPrice
Jan 30, 2026

Closed

Lakeway Area AOR #709783

$19,000
Jan 19, 2026

Contract - Not Showing

Lakeway Area AOR #709783

—
Dec 2, 2025

Listed (Active)

Lakeway Area AOR #709783

$19,900
DateEventPrice
01/30/2026

Closed

Lakeway Area AOR #709783

$19,000
01/19/2026

Contract - Not Showing

Lakeway Area AOR #709783

—
12/02/2025

Listed (Active)

Lakeway Area AOR #709783

$19,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools

Near Lot 7 Shiloh Springs Road

This home is within Grainger County School District.

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: Lot 7 Shiloh Springs Road, Rutledge, TN 37861
$19,000
–
–
–
43,124
Lot 7 Shiloh Springs Road, Unit 7, Rutledge, TN 37861
$14,000
–
–
–
43,124
Lot 8 Shiloh Springs, Rutledge, TN 37861
$12,756
–
–
–
51,400
Lot 28 Shiloh Springs Road, Rutledge, TN 37861
$45,000
–
–
–
52,707
Lot 48 Shiloh Springs, Rutledge, TN 37861
$50,000
–
–
–
42,253
Lot 82 Shiloh Springs Road, Rutledge, TN 37861
$37,500
–
–
–
25,700

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Cherokee Lake Realty, Felix Valdes (865.471.8222)

The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the Lakeway Area Association of REALTORS®. 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. Real estate listings held by brokerage firms other than Compass and its related brokerages, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright ©2026 Lakeway Area Association of REALTORS®. All Rights Reserved.