NOT LISTED FOR SALE

1000 Old Furnace Rd Tellico Plains, TN 37385

Estimated Value: $376,000 - $811,000

3 Beds
2 Baths
2,100 Sq Ft
$272/Sq Ft Est. Value

Last Sold April 05, 2017

Last sale price $285,000 $136 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $2,817/month

26 Days on Market

Highlights

  • Wooded Lot
  • Log Cabin
  • Ceiling Fan
  • 2 Fireplaces
  • Cooling Available
  • 2 Car Garage

About This Home

As of April 2017

This secluded mountain retreat is located in the quiet community of Tellico Plains which sets just a little over an hour drive from Knoxville and Chattanooga. Entering the 16 acre wooded retreat from a winding private drive, it quickly become apparent that at the end of the road lies a residence that is as warm and comfortable as it is a compliment to its natural surroundings. An open floor plan on the main level is designed for ease of entertaining family/friends and features a large kitchen w/ pantry and dining area. Central to the the living area is a cozy wood stove. Two decks (one screened) and a sunroom are currently used as additional living/entertaining space. They are well sited for growing plants and provide natural light to the interior of this home. An open floor plan on the main level is designed for ease of entertaining family and friends and features a large kitchen with a pantry and dining area which are open to the living area and sun room. Central to the the area is a cozy wood stove. Two enclosed decks are currently used as additional living/entertaining space. They are well sited for growing house plants and provide natural light to the interior of the home. The master bed and bath can be closed off to the living space and they complete this level of the home. The lower level offers a flexible floor plan and two additional bedrooms one of which is being used as an office/library by the current owners. Amenities on this level include a propane fireplace, a storm shelter that can easily be used for a craft room or extra storage. This home includes a detached garage with a work room, a potting shed/green house, 10,000 watt propane generator and a 250 gallon rainwater harvesting system and storage tank. Outdoor recreational activities are plentiful in the area. Bald River Falls, the Cherohala Skyway, the Cherokee National Forest, the Tellico River, the Citico Wilderness area, gold panning, fly fishing, hunting, hiking trails and places to raft or

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $683

Year Built

  • Built in 2001

Lot Details

  • 16 Acre Lot
  • Lot Has A Rolling Slope
  • Wooded Lot

Parking

  • 2 Car Garage

Home Design

  • Log Cabin
  • Frame Construction
  • Log Siding

Interior Spaces

  • Property has 2 Levels
  • Ceiling Fan
  • 2 Fireplaces
  • Finished Basement

Kitchen

  • Dishwasher
  • Trash Compactor

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Coker Creek Elementary School
  • Tellico Plains Junior High School
  • Tellico Plains High School

Utilities

  • Cooling Available
  • Heat Pump System

Community Details

  • Property has a Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 177 09022 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$683

Year Built

Built in 2001

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Log
  • Year Built: 2001
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: EXIST
  • Special Features: None
  • Stories: 2

Interior Features

  • Interior Amenities: Ceiling Fan(s), Primary Bedroom Main Floor
  • Appliances: Dishwasher, Refrigerator, Trash Compactor
  • Fireplace: Yes
  • Fireplaces: 2
  • Flooring: Carpet, Wood, Laminate
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Has Basement: Finished
  • Above Grade Finished Sq Ft: 1050
  • Below Grade Sq Ft: 1050
  • Building Area Units: Square Feet
  • Living Area: 2100
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Frame, Log
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup, Electric Dryer Hookup

Condo/Co-op/Association

  • Association: Yes
  • Senior Community: No

Lot Info

  • Lot Features: Private, Wooded, Other, Rolling Slope
  • Lot Size Acres: 16
  • Lot Size Units: Acres
  • Parcel #: 177 09022 000
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 683

MLS Schools

  • Elementary School: Coker Creek Elementary
  • High School: Tellico Plains High School
  • Middle Or Junior School: Tellico Plains Junior High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2017
Closed on
Apr 5, 2017
Sold by
Charest Don G
Bought by
Cain Bandy K and Cain Tonya L
List Price
$249,900
Sold Price
$285,000
Premium/Discount to List
$35,100
14.05%
Current Estimated Value
$496,726

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$211,726
Avg. Annual Appreciation
7.22%
Original Mortgage
$160,000
Outstanding Balance
$134,086
Interest Rate
4.21%
Mortgage Type
New Conventional
Estimated Equity
$376,531

Purchase Details

Closed on
Jan 7, 2000
Bought by
Charest Don G and Charest Linda P
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cain Bandy K $285,000 --
Charest Don G $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cain Bandy K $160,000
Previous Owner Charest Don G $100,000
Previous Owner Charest Don G $90,000
Previous Owner Charest Don G $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2017 04/05/17 Sold $285,000 +14.0% $136 / Sq Ft
02/10/2017 02/10/17 Pending -- -- --
01/15/2017 01/15/17 For Sale $249,900 -- $119 / Sq Ft
Source: Realtracs

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,324 $86,925 $17,600 $69,325
2023 $1,324 $86,925 $17,600 $69,325
2022 $1,022 $45,625 $14,100 $31,525
2021 $975 $43,525 $14,100 $29,425
2020 $975 $43,525 $14,100 $29,425
2019 $862 $43,525 $14,100 $29,425
2018 $862 $43,525 $14,100 $29,425
2017 $798 $38,125 $14,100 $24,025
2016 $683 $32,625 $14,100 $18,525
2015 $683 $32,625 $14,100 $18,525
2014 $683 $32,623 $0 $0
Source: Public Records

Map

Source: Realtracs

MLS Number: 2911964

Realtracs

APN: 177-090.22