235 Chippewa Lane
About This Property
Don't miss this one-level home located in the peaceful Volunteer Overlook subdivision near Cherokee Lake. Featuring 3 bedrooms and 2 full baths, this thoughtfully designed residence offers open-concept living and modern touches. The home is a quality build that incorporates beautiful granite countertops, LVP flooring, kitchen pantry, and more! The laundry room is accessible via the primary walk-in closet and main hallway! A generous 2 car garage and long concrete driveway ensures ample parking. Enjoy the best of small-town living with no HOA fees, generous half-acre lot, and mountain views.
Conveniently located near Cherokee Lake, Grainger County Park and public boat launch, and the renowned Grainger County tomato farms, this home provides the perfect mix of tranquility and community charm.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 13, 2026 | Sold | ||
| Sold | |||
| Mar 15, 2026 | In contract | - | |
| In contract | |||
| Jan 11, 2026 | Listed by Mountain Home Realty | $374,000 | |
| Listed by Mountain Home Realty | |||
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Attractive New Construction in Rutledge! Welcome to 199 Chippewa Lane, a thoughtfully designed 3-bedroom, 2-full-bath home offering 1,724sqft of stylish, low-maintenance living. Enjoy the open-concept kitchen and living area featuring granite countertops,, a walk-in shelved pantry and a new appliance package which includes dishwasher, microwave, and range. The primary bedroom offers a walk-in closet with shelving, an access to the laundry room, and a sleek ensuite boasting a walk-in shower, water closet, and double vanity with granite countertops. LVP flooring runs throughout the home for easy care and durability. This quality-built home by Roots Construction is conveniently located near Cherokee Lake and 3 minutes to the nearest public boat ramp. A short 15-30-minute commute to shopping and restaurants in Jefferson City and Morristown.
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| Jun 3, 2025 | Listed by Mountain Home Realty | $389,900 | |
| Listed by Mountain Home Realty | |||
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Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3536448
Brokerage email: [email protected]
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