Douglas lake has 550 miles of shoreline, most of which is privately owned. The many secluded coves around the lake offer a sense of privacy. Douglas Lake offers breathtaking mountain views, plentiful sports fishing, and recreational boating activities.
The majority of the homes on the market in the Dandridge - Douglas Lake area are permanent residences. Rental cabins and condos used for investment make up a small percentage.
CURRENT MARKET: We are experiencing a buyer's market in the residential, vacation home and cabin/condo investment property markets. Inventory remains high.
Foreclosures and short sales represent a good opportunity for buyers. For an example of Dandridge and Douglas Lake foreclosures visit our website below.
Residential home loans appear be getting easier to obtain these days. However, lenders are now requiring more money down for second home and condo loans due to recent changes in the mortgage insurance industry. If you are interested in purchasing a foreclosure or short sale, be sure to get your pre-approval letter before shopping. Most banks require pre-approval letters/proof of funds and a minimum amount of earnest money with any offers submitted. Don't let your dream property get away due to lack of preparation. Get ahead of the game and speak with your lender before looking at property.
There are currently 237 single family homes and 9 Condominiums on the market in the Dandridge area (including Douglas Lake) .
There were 17 residential home sales in the Dandridge area (including Douglas Lake) during the month of December, 2011. Ten of these sales were bank owned foreclosures, all in Douglas Lake Resort. The average sales price was $136,176. There were no condominiums sold in December.
We have had many questions regarding area property tax rates, especially from our Florida buyers. Both Jefferson and Sevier Counties have some of the lowest property tax rates in Tennessee. When buyers work through us, we include the tax information in the listings we send.
Can't find the right property? We are authorized by the listing Realtors® to assist buyers with any property listed (per our MLS). We are then paid by a split in the listing sales commission with no additional charge to you, the buyer. Tell us what you are looking for and let us do the searching for you. Contact us today for details!
*Listing and sales information based on the Great Smoky Mountain Association of Realtors MLS
ZIP Code: 37725 Location Characteristics: Historic Dandridge is the second oldest town in Tennessee. Dandridge offers new subdivisions and traditional neighborhoods as well as scenic lakefront property.
Dandridge is located at the foothills of the Great Smoky Mountains and convenient to Sevierville, Knoxville, Pigeon Forge and Gatlinburg.
About Autumn & David Hackney:
We are a husband and wife real estate team. David specializes in cabins, chalets and condos used as investment rental properties. Autumn handles the residential market and acts as David's assistant. Together we can handle most real estate needs for buyers and sellers. Why have one agent, when you can have two?
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
