NOT LISTED FOR SALE

101 Lake Forest Ln Spring City, TN 37381

Estimated Value: $479,969 - $524,000

3 Beds
2 Baths
1,800 Sq Ft
$278/Sq Ft Est. Value

Last Sold May 25, 2017

Last sale price $275,000 $153 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $2,728/month

7 Days on Market

Highlights

  • Lake Front
  • Deck
  • Patio
  • Docks
  • No HOA
  • Central Heating and Cooling System

About This Home

As of May 2017

Welcome to the lake! Situated on two lots, this home boasts great lake views and covered dock with boat lift. Open floor plan is perfect for entertaining and leads to large deck for outdoor living area. Lower level could be separate living quarters or makes for the perfect private spot for your guests. There is also a 16x20 storage shed, great spot for the toys. Energy efficient with all new doors and windows! Welcome home to lake living!

Last Agent to Sell the Property

Tim West

Greater Chattanooga Realty, Keller Williams Realty Brokerage Phone: 4237631001 License #283095 Listed on: 04/13/2017

Greater Chattanooga Realty, Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $165

Year Built

  • Built in 1985

Lot Details

  • 0.67 Acre Lot
  • Lake Front

Interior Spaces

  • Property has 2 Levels
  • Ceiling Fan
  • ENERGY STAR Qualified Windows
  • Carpet
  • Fire and Smoke Detector
  • Washer and Gas Dryer Hookup
  • Finished Basement

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Docks
  • Deck
  • Patio

Schools

  • Spring City Elementary School
  • Spring City Middle School
  • Rhea County High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Septic Tank

Community Details

  • No Home Owners Association
  • Lake Forest Subdivision

Listing and Financial Details

  • Assessor Parcel Number 044B A 01100 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$165

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1985
  • Unit Levels: Two
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Owner
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Interior Amenities: Ceiling Fan(s), Primary Bedroom Main Floor
  • Appliances: Microwave, Dishwasher
  • Fireplace: No
  • Flooring: Carpet, Other
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Has Basement: Finished
  • Above Grade Finished Sq Ft: 1080
  • Below Grade Sq Ft: 720
  • Building Area Units: Square Feet
  • Living Area: 1800
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: Dock
  • Construction Type: Other
  • Patio And Porch Features: Deck, Patio
  • Pool Private: No
  • Roof: Other
  • View: No
  • Waterfront Features: Lake Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Detached

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Natural Gas
  • Heating Yn: Yes
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Security: Smoke Detector(s)
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Green Features

  • Efficiency: Windows

Lot Info

  • Lot Features: Other
  • Lot Size Acres: 0.67
  • Lot Size: 13.07X373.8 IRR.
  • Lot Size Units: Acres
  • Parcel #: 044B A 01100 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 165

MLS Schools

  • Elementary School: Spring City Elementary
  • High School: Rhea County High School
  • Middle Or Junior School: Spring City Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2017
Closed on
May 25, 2017
Sold by
Slater Theresa W
Bought by
Hale Brian J and Hale Bailey J
Seller's Agent
Tim West
Greater Chattanooga Realty, Keller Williams Realty
List Price
$275,000
Sold Price
$275,000
Current Estimated Value
$499,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,992
Avg. Annual Appreciation
7.34%
Original Mortgage
$220,000
Outstanding Balance
$182,605
Interest Rate
4.03%
Mortgage Type
New Conventional
Estimated Equity
$317,387

Purchase Details

Closed on
Jul 2, 1998
Sold by
Slater Otto W
Bought by
Slater William O

Purchase Details

Closed on
Jun 25, 1998
Bought by
Slater Theresa W

Purchase Details

Closed on
Aug 24, 1990
Bought by
Slater Otto W and Slater Kimberly B

Purchase Details

Closed on
Dec 5, 1986
Bought by
Hogue Donald C

Purchase Details

Closed on
Aug 15, 1984

Purchase Details

Closed on
Sep 1, 1982

Purchase Details

Closed on
Apr 24, 1977
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
Hale Brian J $275,000 --
Slater William O $66,205 --
Slater Theresa W $66,200 --
Slater Otto W $65,000 --
Hogue Donald C $45,600 --
-- -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hale Brian J $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2017 05/25/17 Sold $275,000 0.0% $153 / Sq Ft
04/20/2017 04/20/17 Pending -- -- --
04/13/2017 04/13/17 For Sale $275,000 -- $153 / 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 $1,329 $98,525 $41,250 $57,275
2023 $1,595 $70,750 $35,000 $35,750
2022 $1,595 $70,750 $35,000 $35,750
2021 $1,595 $70,750 $35,000 $35,750
2020 $1,353 $70,750 $35,000 $35,750
2019 $1,353 $60,000 $35,000 $25,000
2018 $932 $42,425 $22,500 $19,925
2017 $932 $42,425 $22,500 $19,925
2016 $945 $43,025 $22,500 $20,525
2015 $909 $43,025 $22,500 $20,525
2014 $909 $43,350 $22,500 $20,850
2013 -- $43,350 $22,500 $20,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2322933

Realtracs

APN: 044B-A-010.00