9 Finished Lots - W. Emory Road

Vacant Land for Sale
Catylist Listing ID: 29942844
Property Subtypes: Residential (Single Family)
Gross Land Area: 2.20 Acres
Sale Price: $122,100
Unit Price: $55,500 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/5/2019

Overview / Comments

9 finished lots in this established Karns subdivision. Gently rolling terrain with excellent lake and mountain views. Positioned on a vista overlooking Emory Valley and Melton Hill Lake. Architecturally restricted subdivision.

1 Story Minimum Square Footage: 1400sf
2 Story Minimum Square Footage: 1600sf
Slab houses prohibited by CCR's - These will be basement or crawlspace builds.

Stable resale market in neighborhood with limited supply. At least five homes have sold in the past year, all in the $160k to $220k range. Average days on market is 90-110 days.

Standard lot size is 80'x115' but also includes eight lots that range from 300'-600' deep. Restrictive covenants in place. Ready to build.

Additional Details

Nearest MSA: Knoxville
County: Knox
Area Description: 1/2 mile north of Knox County Sportspark (Karns Valley Dr/Oak Ridge Hwy Intersection). 3 minutes (2.0 miles) from subdivision entrance to Pellissippi Parkway/Oak Ridge Highway interchange.

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,002 25,320 75,309
Median Age: 35.73 39.8 39.31
Households: 1,102 9,864 30,768


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