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For sale
  • $464,900

    120 Pine Fork Rd, Rutledge, TN 37861

    2beds
    1,392sqft
    : 
    $2,734/mo
    Get pre-qualified
    Single Family Residence, Residential
    Built in 1975
    0.8 Acres Lot
    $442,800 Zestimate®
    $334/sqft
    $-- HOA

    What's special

    Views of cherokee lakeNew kitchen countertopsDesirable double corner lot
    Unique opportunity to purchase a turnkey, ready-to-go, vacation rental property with views and access to Cherokee Lake. The home was purchased by the current owners as a remodeling project with the goal of using it as an income producing short-term rental. With other ongoing projects, the sellers have decided to put the home on the market as the remodeling wraps up. The home has never been occupied by any renters. HOWEVER, the home does not need to be used as a rental. It can be the new owner's primary residence. It can be the new owners' vacation get-away. Or it can be used as a vacation rental. Your choice. The property is in a tucked away, private community. Sitting on a desirable double corner lot, the home is not lakefront, but the lake is immediately in front of the home, providing excellent views of Cherokee Lake. The covered deck, which faces Cherokee Lake, provides plenty of sitting area, enhancing the views. The home has access to high-speed fiber internet, cable, public water (not a well!) and there is no HOA. A residents-only boat ramp is directly across the street for easy access to launch your boat, jet ski, kayak, or floats. Or simply stroll a few steps to the lake and do some fishing. A shed conveys, for storing gardening tools or lake equipment. There is also a one-car garage which could be used to store a boat or as a workshop. As mentioned earlier, the home has been extensively remodeled. Here is an abbreviated list of some of the new features: Plumbing updated to PEX pipe throughout. Updated wiring with new LED ceiling light fixtures. New ceiling fans inside and new outdoor ceiling fan on porch. New waterproof LVP flooring in living room, bedrooms, and downstairs. New ceramic tile flooring in kitchen, both bathrooms, and laundry room. New sheetrock in living room, kitchen, and both bathrooms. New shiplap siding on two living room walls, one kitchen wall, upstairs bathroom, and on a downstairs wall. New kitchen countertops. New kitchen sink and faucet. Painted cabinets, with new cabinet hardware in kitchen. Painted cabinet, and new hardware in upstairs bathroom. Two new walk-in showers with ceramic tiles and new shower faucets. Updated six-panel doors with new hardware and passage locks throughout. New stair-treads, railings, and balusters. Brand new, never used, furniture and table lamps have been added to the living room and bedrooms (the furniture tags are still attached). Televisions which were going to be added to the bedrooms and living spaces are still in their boxes. No need to purchase anything, simply move in and enjoy. As a plus, the roof, windows, and HVAC are less than nine years old. In fact, the HVAC was recently serviced and the coil replaced. There are two bedrooms upstairs and a full-size bathroom. The living room has a sleeper sofa. The basement has another full-size bathroom as well as another sleeper sofa. The main level and the basement have their own individual driveways and entrances. This gives you the opportunity to have two sets of renters at the same time. Or use one part of the home and rent the other. As of now, the home has sleeping arrangements for eight guests. Set up a bunk bed or two and this will easily increase the capacity to 10-12. While short-term rentals are common in Gatlinburg, they are less prevalent on Cherokee Lake. With weekenders, fishing tournament participants, and vacationers, desiring to stay close to Cherokee Lake, rental opportunities abound. Enjoy this home year-round, rent it part-time, or keep it as your own vacation retreat. With its many possibilities and an attractive list price, the choice is yours. It's time to live the Cherokee Lake Life!
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    Zillow last checked:

    Listing updated:

    Listed by:

    Felix Valdes 865-471-8222,

    Cherokee Lake Realty 865-471-8222

    Source: Lakeway Area AOR,MLS#: 712343MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      • Main level bathrooms: 2
      • Main level bedrooms: 2
      Primary bedroom
      • Level: Main
      Primary bathroom
      • Level: Main
      Basement
      • Level: Basement
      Kitchen
      • Level: Main
      Living room
      • Level: Main
      Heating
      • Heat Pump
      Cooling
      • Ceiling Fan(s), Heat Pump
      Appliances
      • Included: Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer
      • Laundry: Laundry Room
      Features
      • Ceiling Fan(s), High Speed Internet, Kitchen Island
      • Flooring: Luxury Vinyl, Tile
      • Basement: Bath/Stubbed,Exterior Entry,Finished,Full,Interior Entry,Walk-Out Access,Walk-Up Access
      • Has fireplace: No
      Interior area
      • Total structure area: 1,824
      • Total interior livable area: 1,392 sqft
      • Finished area above ground: 912
      • Finished area below ground: 480

      Property

      Parking
      • Total spaces: 1
      • Parking features: Garage - Attached
      • Attached garage spaces: 1
      Features
      • Patio & porch: Covered, Deck, Rear Porch, Wrap Around
      • Has view: Yes
      • View description: Lake, Mountain(s)
      • Has water view: Yes
      • Water view: Lake
      • Waterfront features: Lake Privileges
      Lot
      • Size: 0.8 Acres
      • Dimensions: 195 x 178
      • Features: Back Yard, Corner Lot, Front Yard, Landscaped, Split Possible, Views
      Details
      • Additional structures: Shed(s)
      • Parcel number: 061L A 01300 000

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence, Residential
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1975

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Cable Available, Electricity Connected, Water Connected, Fiber Internet

      Community & HOA

      Community
      • Subdivision: Hopper Bluff
      HOA
      • Has HOA: No
      Location
      • Region: Rutledge

      Financial & listing details

      • Price per square foot: $334/sqft
      • Tax assessed value: $116,200
      • Annual tax amount: $682
      • Date on market: 7/27/2026
      • Electric utility on property: Yes

        Estimated market value

        $442,800

        $421,000 - $465,000

        $1,707/mo

        Price history

        DateEventPrice
        7/27/2026Listed for sale$464,900+126.8%$334/sqft
        Source: Lakeway Area AOR #712343 Report a problem
        6/6/2024Sold$205,000$147/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$683 $29,050
        2024$683 $29,050
        2023$683 +2.3%$29,050
        2022$667 $29,050
        2021-- $29,050 +22.1%
        2020$666 $23,800
        2019$666 +15.7%$23,800
        2018$576 0%$23,800
        2017$576 $23,800
        2016$576 -6.6%$23,800
        2015$616 $23,800 -3.5%
        2014$616 $24,656
        2013$616 $24,656
        2012$616 $24,656
        2011-- $24,656
        2010-- $24,656 -5%
        2009$659 +8.8%$25,950 +24.6%
        2008$606 +25.4%$20,823 +25.4%
        2007$483 +27.1%$16,605
        2006$380 +43.1%$16,605 +43.1%
        2005$266 -44.6%$11,605 -30.1%
        2004$480 +53.6%$16,605 +22.2%
        2002$313 $13,588
        2001-- $13,588 -75%
        2000-- $54,351
        Find assessor info on the county website

        Monthly payment

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        Payment breakdown

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 37861

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