1092 Groover Rd Spring City, TN 37381
Estimated Value: $800,000 - $1,075,000
4
Beds
3
Baths
2,000
Sq Ft
$450/Sq Ft
Est. Value
Highlights
- Boathouse
- Boat Slip
- Waterfront
- Floating Dock
- Lake On Lot
- A-Frame Home
About This Home
As of August 2023****PRICED BELOW APPRAISED VALUE*****
Welcome to the lake! Custom built 4 bedroom 3 bath home on Watts Bar Lake with over 200 feet water frontage and includes an extra lot which provides more privacy or could be built upon. The large deck (1,800 square feet) leads you down to the double slip boathouse (2 lifts) with a 600 square foot dock. This home has been loving maintained and cared for by the original owner/builder. The large deck and boat house are grandfathered under TVA's restrictive construction guidelines. During the winter months when the water levels are lowered, the water level at the end of the docks remains at approximately 5-8 feet.
Bank letter or proof of funding is required for showings.
Last Agent to Sell the Property
Bridge City Realty, LLC License #293997 Listed on: 04/30/2023
Last Buyer's Agent
Comps Only
COMPS ONLY
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,756
Year Built
- Built in 1975
Lot Details
- 0.86 Acre Lot
- Waterfront
- Rural Setting
- Gentle Sloping Lot
- Front and Back Yard Sprinklers
Home Design
- A-Frame Home
- Block Foundation
- Shingle Roof
- Shingle Siding
Interior Spaces
- 2,000 Sq Ft Home
- 2-Story Property
- 1 Fireplace
- Living Room
- Formal Dining Room
- Water Views
- Washer and Gas Dryer Hookup
Kitchen
- Eat-In Kitchen
- Free-Standing Electric Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Full Bathrooms
- Bathtub with Shower
Parking
- Attached Garage
- Attached Carport
- Parking Accessed On Kitchen Level
- Off-Street Parking
Outdoor Features
- Boat Slip
- Boathouse
- Floating Dock
- Lake On Lot
- Deck
- Patio
Schools
- Rhea Central Elementary School
- Rhea County Middle School
- Rhea County High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
- Septic Tank
- Cable TV Available
Community Details
- No Home Owners Association
- Red Cloud Colony Subdivision
Listing and Financial Details
- Assessor Parcel Number 026d A 024.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 30, 2023
Closed on
Aug 4, 2023
Sold by
Turner Thomas A
Bought by
Heaney Christopher K and Watts Rachel E
Seller's Agent
Missy Emerling
Bridge City Realty, LLC
Buyer's Agent
Comps Only
COMPS ONLY
List Price
$1,100,000
Sold Price
$928,000
Premium/Discount to List
-$172,000
-15.64%
Total Days on Market
34
Views
70
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,134
Avg. Annual Appreciation
-1.67%
Original Mortgage
$640,000
Outstanding Balance
$628,283
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$271,583
Purchase Details
Closed on
Mar 6, 1971
Bought by
Turner Thomas A 1414 Continental Dr
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WATTS BAR YEAR-ROUND WATERFRONT!!This home/property has so much to offer starting with 3 private/secluded lots, just under 2 acres with a beautiful park-like setting, nearly 500 feet of shoreline, professional landscaping, adjacent community boat launch and an outdoor stone fire-pit/entertainment courtyard. This home has been completely renovated and ready for the new owner. The main level offers
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Heaney Christopher K | $928,000 | Title Specialists | |
| Turner Thomas A 1414 Continental Dr | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Heaney Christopher K | $640,000 | |
| Previous Owner | Turner Thomas A | $275,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/04/2023 08/04/23 | Sold | $928,000 | -6.2% | $464 / Sq Ft |
| 06/11/2023 06/11/23 | Off Market | $989,000 | -- | -- |
| 05/18/2023 05/18/23 | Price Changed | $989,000 | -10.1% | $495 / Sq Ft |
| 04/30/2023 04/30/23 | For Sale | $1,100,000 | -- | $550 / Sq Ft |
Source: Greater Chattanooga REALTORS®
Tax History Compared to Growth
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 | $1,810 | $134,200 | $37,500 | $96,700 |
| 2023 | $1,874 | $83,100 | $35,000 | $48,100 |
| 2022 | $1,756 | $77,900 | $35,000 | $42,900 |
| 2021 | $1,754 | $77,775 | $35,000 | $42,775 |
| 2020 | $1,754 | $77,775 | $35,000 | $42,775 |
| 2019 | $1,754 | $77,775 | $35,000 | $42,775 |
| 2018 | $1,557 | $70,875 | $35,000 | $35,875 |
| 2017 | $1,557 | $70,875 | $35,000 | $35,875 |
| 2016 | $1,512 | $70,875 | $35,000 | $35,875 |
| 2015 | $1,444 | $68,850 | $35,000 | $33,850 |
| 2014 | $1,444 | $68,850 | $35,000 | $33,850 |
| 2013 | -- | $68,850 | $35,000 | $33,850 |
Source: Public Records
Agents Affiliated with this Home
-
Missy Emerling
M
Seller's Agent in 2023
Missy Emerling
Bridge City Realty, LLC
(423) 290-9131
21 Total Sales
-
C
Buyer's Agent in 2023
Comps Only
COMPS ONLY
Map
Source: Greater Chattanooga REALTORS®
MLS Number: 1372738
APN: 026D-A-024.00
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