NOT LISTED FOR SALE

1040 Ellis Cove Rd South Pittsburg, TN 37380

Martin Springs Neighborhood

Estimated Value: $287,000 - $3,636,504

494.4 Acres
$4,366 Price per Acre
21,536,060 Sq Ft Lot

Last Sold October 16, 2012

Last sale price $669,500 $510 Per Sq Ft

Est. 222% increase in value since last sale

Current estimated payment $11,487/month

186 Days on Market

Highlights

  • Barn
  • 494.4 Acre Lot
  • Orchard
  • Waterfront
  • Creek or Stream View
  • 1-minute walk to Adventure Off Road Park

About This Lot

As of October 2012

Foreclosure. This is a spectacular 494+ acre bank owned farm minutes from Chattanooga, TN. The property has over 6,000 feet of year-round water on Battle Creek. Approx 100 acres is in pasture land and the rest is in hardwoods. 1 small pond, creeks, stunning level farm land, year-round water on Battle Creek, over 2900 feet on Ellis Cove Road. The value is in the land but there is a 1300 square foot (per tax records) 2 BR home that is included in this transaction along with an older barn. Property has been surveyed. The farm was featured in the IMAX Movie (Our Country). Property will be sold in its ''As Is'' condition.

Last Agent to Sell the Property

Clint Carroll

Mossy Oak Properties Land Sales , LLC License #311021 Listed on: 03/29/2012

Last Buyer's Agent

Clint Carroll

Mossy Oak Properties Land Sales , LLC License #311021 Listed on: 03/29/2012

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,266

Lot Details

  • 494.4 Acre Lot
  • Waterfront
  • Property fronts a county road
  • Rural Setting
  • Level Lot
  • Irregular Lot
  • Orchard
  • Cleared Lot
  • Wooded Lot

Parking

  • Driveway

Additional Features

  • Creek or Stream Views
  • Flood Zone Lot
  • Barn

Listing and Financial Details

  • Assessor Parcel Number 110 008.00

Community Details

Overview

  • No Home Owners Association
  • Westbrookpicket Association

Recreation

  • Pond

Property Details

Property Type

Land

Est. Annual Taxes

$2,266

Lot Details

0

Listing Details

  • Property Sub Type: Farm
  • Prop. Type: Land
  • Lot Size Acres: 494.4
  • Lot Size: 494.46
  • Road Frontage Type: County Road
  • Subdivision Name: None
  • Directions: Traveling on I-24W from Chattanooga take Exit-152(Kimball). At the bottom of the ramp turn right on Hwy-72. At the next red light take a left on Hwy-2 (Directly beside Krystals). You will travel approx 3 miles passing back over I-24 take the next right on Ellis Road. Go approx .7 miles and turn right on Ellis Cove Road. The house is at the very end of this road but the property begins just after you pass over the bridge. Call listing agent before showing.
  • Location Tax and Legal Parcel Number2: 110 008.00
  • General Property Information Lot Size Acres: 494.4
  • General Property Information Lot Size Square Feet2: 21536064.0
  • General Property Information Lot Size Dimensions: 494.46
  • General Property Information View YN2: Yes
  • General Property Information Waterfront YN: Yes
  • Utilities:Electricity Available: Yes
  • General Property Information Flood Zone YN2: Partial
  • View:Water2: Yes
  • Lot Features Rural: Yes
  • Lot Features Partially Cleared: Yes
  • Road Frontage Type County Road: Yes
  • Exterior Features Driveway2: Yes
  • Other Structures:Barn(s): Yes
  • View CreekStream2: Yes
  • Status Change Information Association Name 2: WestbrookPicket
  • Other Structures Residence: Yes
  • Special Features: None

Exterior Features

  • Lot Features: Brow Lot, Irregular Lot, Level, Orchard(s), Pond On Lot, Rural, Wooded, Other, Partially Cleared, Will Not Divide
  • View: Creek/Stream, Water
  • View: Yes
  • Waterfront: Yes
  • Exterior Features: Driveway
  • Other Structures: Barn(s), Residence
  • Lot Features:Level: Yes
  • Lot Features:Wooded: Yes
  • Lot Features:Irregular Lot: Yes
  • Lot Features:Pond On Lot: Yes
  • Lot Features:Orchard(s): Yes

Utilities

  • Utilities: Electricity Available

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Current Use: Agricultural
  • Lot Size Sq Ft: 21536064.0
  • Parcel #: 110 008.00
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2018
Sold by
Bakpak Real Estate Holdings Llc
Bought by
Lovett Travis
Current Estimated Value
$2,158,501

Purchase Details

Closed on
Jan 3, 2018
Sold by
Westbrook Pickett Holdings Gp
Bought by
Bakpak Real Estate Holdings Llc

Purchase Details

Closed on
Feb 18, 2014
Sold by
Cdl Properties Llc
Bought by
Shores Thomas P

Purchase Details

Closed on
Oct 1, 2013
Sold by
Ellis Kelley Douglas
Bought by
Douglas Ellis Paul Steven and O Kelley Douglas C

Purchase Details

Listed on
Mar 29, 2012
Closed on
Oct 16, 2012
Sold by
United Community Bank
Bought by
Westbrook Pickett Holdings Gp
Seller's Agent
Clint Carroll
Mossy Oak Properties Land Sales , LLC
Buyer's Agent
Clint Carroll
Mossy Oak Properties Land Sales , LLC
List Price
$990,000
Sold Price
$669,500
Premium/Discount to List
-$320,500
-32.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.39%
Original Mortgage
$535,600
Interest Rate
3.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 14, 2012
Sold by
Mountain Town Road Develop
Bought by
United Community Bank

Purchase Details

Closed on
Feb 27, 2007
Bought by
Mountain Town Rd Dev Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,609,513
Interest Rate
6.3%

Purchase Details

Closed on
Mar 30, 2006
Sold by
Sexton Norman F
Bought by
Bcmb Llc

Purchase Details

Closed on
Jul 1, 1998
Sold by
Mae Ellis Edith
Bought by
Sexton Norman F and Sexton Judy A

Purchase Details

Closed on
Jun 9, 1998
Bought by
Marion County Tennessee

Purchase Details

Closed on
Jun 15, 1984

Purchase Details

Closed on
Jun 19, 1981

Purchase Details

Closed on
Jan 11, 1980
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lovett Travis $1,000 None Available
Bakpak Real Estate Holdings Llc $1,850,000 None Available
Shores Thomas P $2,500 --
Douglas Ellis Paul Steven -- --
Westbrook Pickett Holdings Gp $669,500 --
United Community Bank $1,084,000 --
Mountain Town Rd Dev Llc $1,878,900 --
Bcmb Llc $1,000,000 --
Sexton Norman F $375,000 --
Marion County Tennessee -- --
-- -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Westbrook Pickett Holdings Gp $535,600
Previous Owner Not Available $1,609,513
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2012 10/16/12 Sold $669,500 -32.4% $510 / Sq Ft
10/01/2012 10/01/12 Pending -- -- --
03/29/2012 03/29/12 For Sale $990,000 -- $755 / Sq Ft
Source: Greater Chattanooga REALTORS®

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 $2,266 $128,700 $101,650 $27,050
2023 $2,266 $128,700 $0 $0
2022 $4,349 $247,075 $220,025 $27,050
2021 $4,349 $247,075 $220,025 $27,050
2020 $5,157 $247,075 $220,025 $27,050
2019 $5,157 $237,825 $224,625 $13,200
2018 $5,184 $237,825 $224,625 $13,200
2017 $5,184 $239,050 $225,850 $13,200
2016 $5,191 $239,050 $0 $0
2015 $4,587 $239,375 $0 $0
2014 $4,587 $211,517 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Clint Carroll

    Seller's Agent in 2012

    Clint Carroll

    Mossy Oak Properties Land Sales , LLC

    (423) 648-1008

    18 in this area

    524 Total Sales

    Clint Carroll
    Section Image
See All Agents

Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1176376

Greater Chattanooga REALTORS®

APN: 110-008.00

Tennessee Marion County South Pittsburg 37380 Martin Springs

1040 Ellis Cove Rd, South Pittsburg, TN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Greater Chattanooga REALTORS® IDX information is provided exclusively for consumers’ personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data is deemed reliable but is not guaranteed accurate by the MLS.

Ten-X does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. Some or all of the listings displayed may not belong to the firm whose website is being visited

Copyright© 2025 by Chattanooga Association of REALTORS®

Nearby Homes