NOT LISTED FOR SALE

117 Lake Forest Ln Spring City, TN 37381

Estimated Value: $430,192 - $509,000

3 Beds
2.5 Baths
1,650 Sq Ft
$286/Sq Ft Est. Value

Last Sold January 29, 2016

Last sale price $265,000 $161 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $2,570/month

27 Days on Market

Highlights

  • Lake Front
  • Deck
  • Traditional Architecture
  • Countryside Views
  • Wooded Lot
  • Garage

About This Home

As of January 2016

Beautiful home on Watts Bar Lake. So much to offer in this open, ranch- basement home with a master loft suite with full bath, extra space for office or workout area. Main level has 2 bedrooms, 1 bath, open kitchen, dining and great room with large windows to enjoy the awesome view of Watts Bar Lake. Spacious deck that is perfect for entertaining guests and gathering at the family barbecues. Basement has a single car garage with laundry room and a half bath. It is equipped with a chair lift for someone with difficulties using the steps. There is also a 35x40 double detached garage/workshop with extra insulation and gas heat for year round projects and hobbies. Sit back and relax on the boat dock with a covered slip and enjoy the peaceful views of the Tennessee River!!

Last Agent to Sell the Property

Susan Crockett

Blue Key Properties License #278525 Listed on: 06/02/2015

Last Buyer's Agent

Gina Luhn

East Tennessee Waterfront Prop

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,220

Year Built

  • Built in 1988

Lot Details

  • Lot Dimensions are 113 x 269
  • Lake Front
  • Wooded Lot

Property Views

  • Countryside Views
  • Forest Views

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,650 Sq Ft Home
  • Vinyl Clad Windows
  • Fire and Smoke Detector
  • Dishwasher
  • Partially Finished Basement

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • Garage
  • Basement Garage

Outdoor Features

  • Deck
  • Patio

Schools

  • Spring City Middle School
  • Rhea County High School

Utilities

  • Central Heating and Cooling System

Community Details

  • Lake Forest Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 044b A 009.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,220

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Directions: Highway 27 North toward Spring City. Right onto Highway 68 (S) to left onto Wolf Creek Road. Go to the end (fork) and take a right onto Pinhook. Take a left onto Lake Forest. Right and then immediate left. House is located on Lake Forest Lane. Look for sign
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 1988
  • Road Frontage Type: Lakefront
  • Lot Size: 113 x 269
  • Subdivision Name: Lake Forest Estates
  • Architectural Style: Traditional
  • Property Attached Yn: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Smoke Detector
  • Has Basement: Partially Finished
  • Fireplace: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Flooring: Laminate, Carpet, Vinyl
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: Windows - Vinyl, Patio, Deck
  • View: Country Setting, Wooded
  • Lot Features: Waterfront Access, Lakefront, Wooded
  • Construction Type: Vinyl Siding

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Attached, Basement, Detached, 1 Car Garage, 2 Car Garage

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Schools

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

Lot Info

  • Parcel #: 044b A 009.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2015
Closed on
Jan 27, 2016
Sold by
Flanagan Tracy
Bought by
Raley Thomas R and Raley Kathy C
Seller's Agent
Susan Crockett
Blue Key Properties
Buyer's Agent
Gina Luhn
East Tennessee Waterfront Prop
Sold Price
$265,000
Current Estimated Value
$471,548

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$206,548
Avg. Annual Appreciation
6.08%
Original Mortgage
$212,000
Outstanding Balance
$85,873
Interest Rate
3.17%
Estimated Equity
$385,675

Purchase Details

Closed on
Aug 18, 1979
Bought by
Flanagan Michael and Flanagan Tracy
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
Raley Thomas R $265,000 --
Flanagan Michael -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Raley Thomas R $212,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2016 01/29/16 Sold $265,000 -- $161 / Sq Ft
Source: East Tennessee REALTORS® MLS

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 $1,220 $90,450 $42,500 $47,950
2023 $1,517 $67,275 $36,250 $31,025
2022 $1,517 $67,275 $36,250 $31,025
2021 $1,517 $67,275 $36,250 $31,025
2020 $1,561 $67,275 $36,250 $31,025
2019 $1,561 $69,225 $36,250 $32,975
2018 $1,282 $58,350 $32,500 $25,850
2017 $1,282 $58,350 $32,500 $25,850
2016 $1,282 $58,350 $32,500 $25,850
2015 $1,228 $58,350 $32,500 $25,850
2014 $1,228 $58,575 $32,500 $26,075
2013 -- $58,575 $32,500 $26,075
Source: Public Records

Agents Affiliated with this Home

  • Susan Crockett

    Seller's Agent in 2016

    Susan Crockett

    Blue Key Properties

    (423) 802-7515

    202 in this area

    286 Total Sales

    Susan Crockett
    Section Image

  • G

    Buyer's Agent in 2016

    Gina Luhn

    East Tennessee Waterfront Prop

See All Agents

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 927876

East Tennessee REALTORS® MLS

APN: 044B-A-009.00

Tennessee Rhea County Spring City 37381

117 Lake Forest Ln, Spring City, 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.

East Tennessee REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.

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