NOT LISTED FOR SALE

118 Ponderosa Dr Madisonville, TN 37354

Estimated Value: $338,013 - $366,000

3 Beds
2 Baths
1,744 Sq Ft
$203/Sq Ft Est. Value

Last Sold March 15, 2024

Last sale price $350,000 $201 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,029/month

7 Days on Market

Highlights

  • Countryside Views
  • Traditional Architecture
  • Wood Flooring
  • Deck
  • Cathedral Ceiling
  • Main Floor Primary Bedroom

About This Home

As of March 2024

Looking for a spacious and cozy ranch house in a peaceful neighborhood? Look no further than this 3 bedroom 2 bath beauty on half an acre of land. This house features an open concept floor plan with attached garage, fenced in back yard, and split bedrooms for privacy. Mountain views from the subdivision, located just minutes to town, and only ten minutes to Tellico Lake, where you can enjoy fishing, boating, swimming, and more! Don't miss this opportunity to own your own home. Schedule a showing today!

Last Agent to Sell the Property

Melissa Anderson

Realty Executives Main Street License #297853 Listed on: 02/05/2024

Realty Executives Main Street

Last Buyer's Agent

Eric Best

East Tennessee Properties, LLC License #335912

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $866

Year Built

  • Built in 2007

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 108.42 x 201.76
  • Level Lot

Home Design

  • Traditional Architecture
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,744 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Vinyl Clad Windows
  • Great Room
  • Combination Dining and Living Room
  • Storage
  • Countryside Views
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Parking

  • Attached Garage
  • Parking Available
  • Garage Door Opener
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered patio or porch

Schools

  • Madisonville Middle School
  • Sequoyah High School

Utilities

  • Zoned Heating and Cooling System
  • Septic Tank
  • Internet Available

Community Details

  • No Home Owners Association
  • Mountain Valley Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 068A D 012.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$866

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Directions: From Madisonville: Take Ball Play Rd to Povo Rd.. Turn left into Mountain Valley Estates Subdivision. House is on the right. Sign on property.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 2007
  • Lot Size Acres: 0.5
  • Lot Size: 108.42 x 201.76
  • Subdivision Name: Mountain Valley Estates
  • Architectural Style: Traditional
  • Property Attached Yn: No
  • Lot Description:Rolling Slope: Yes
  • General Property Description:Lot Size SqFt: 21780.0
  • General Property Description:Fireplace: No
  • General Property Description:SqFt - Main Lvl: 1744.0
  • General Property Description:HOA: No
  • General Property Description:Basement: No
  • General Property Description:Bonus Room: No
  • General Property Description:Extra Storage: Yes
  • AtchdDtchd Type:Detached: Yes
  • Siding:Vinyl2: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Cooling: Yes
  • Floors:Carpet: Yes
  • Floors:Hardwood: Yes
  • Fuel:Electric: Yes
  • Heat:Central: Yes
  • Dining Area:Eat-in Kitchen: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Misc Features:Internet Available: Yes
  • Misc Features:Walk-in Closets: Yes
  • Misc Features:WasherDryer Connect: Yes
  • Water:Public: Yes
  • Dining Area:Living RmDining Rm: Yes
  • Floors:Tile2: Yes
  • Misc Features:Cathedral Ceiling: Yes
  • Dining Area:Breakfast Bar: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Self Cleaning Oven, Refrigerator, Microwave
  • Has Basement: Crawl Space
  • Fireplace: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Flooring: Carpet, Hardwood, Tile
  • Basement:Crawl Space: Yes
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Other Rooms:LaundryUtility: Yes
  • Other Rooms:Mstr Bdrm Main Level: Yes
  • Fireplace:None15: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Other Rooms:Great Room: Yes
  • Misc Features:Island in Kitchen: Yes
  • Other Rooms:Split Bedroom: Yes

Exterior Features

  • Exterior Features: Windows - Vinyl, Porch - Covered, Deck
  • View: Country Setting
  • Lot Features: Level, Rolling Slope
  • Construction Type: Vinyl Siding, Frame
  • Construction:Frame: Yes
  • Exterior Features:Deck: Yes
  • Exterior Features:Porch - Covered: Yes
  • Exterior Features:Windows - Vinyl: Yes

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Garage Door Opener, Attached, Main Level, Off-Street Parking
  • GarageParking:Attached2: Yes
  • GarageParking:Garage Door Opener: Yes
  • GarageParking:Off-Street Parking: Yes
  • GarageParking:Main Level: Yes

Utilities

  • Cooling: Central Cooling, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes

Schools

  • High School: Sequoyah
  • Middle Or Junior School: Madisonville Middle

Lot Info

  • Lot Size Sq Ft: 21780.0
  • Parcel #: 068A D 012.00
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2024
Closed on
Mar 15, 2024
Sold by
Leming James Derrick
Bought by
Leming James Derrick and Leming Latasha
Seller's Agent
Melissa Anderson
Realty Executives Main Street
Buyer's Agent
Eric Best
East Tennessee Properties, LLC
List Price
$350,000
Sold Price
$350,000
Views
45
Current Estimated Value
$353,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,253
Avg. Annual Appreciation
3.07%
Original Mortgage
$353,535
Outstanding Balance
$349,347
Interest Rate
6.63%
Mortgage Type
Credit Line Revolving
Estimated Equity
$15,260

Purchase Details

Listed on
May 10, 2012
Closed on
Jul 2, 2012
Sold by
Federal National Mortgage Association
Bought by
Pace Amber Dawn
Seller's Agent
Philip Rodgers
Century 21 Legacy
Buyer's Agent
Melissa Anderson
Realty Executives Associates
Sold Price
$129,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.90%
Original Mortgage
$131,632
Interest Rate
3.76%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 14, 2011
Sold by
Christopher Joseph E
Bought by
Federal National Mtg Associati

Purchase Details

Closed on
Mar 24, 2008
Sold by
Tallent Timmy L
Bought by
Christopher Joseph E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.22%

Purchase Details

Closed on
Sep 4, 2007
Sold by
Odell Terry A
Bought by
Ralph Tallent
Source: Public Records

Range of Values:

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Average Value
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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
Leming James Derrick -- Skyway Title
Leming James Derrick $350,000 None Listed On Document
Pace Amber Dawn $129,000 --
Federal National Mtg Associati $118,000 --
Christopher Joseph E $135,000 --
Tallent Timmy L -- --
Ralph Tallent $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leming James Derrick $353,535
Closed Leming James Derrick $6,000
Previous Owner Joslin Bryce D $1,707,000
Previous Owner Pace Amber Dawn $131,632
Previous Owner Christopher Joseph E $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $350,000 0.0% $201 / Sq Ft
02/13/2024 02/13/24 Pending -- -- --
02/05/2024 02/05/24 For Sale $350,000 +171.3% $201 / Sq Ft
07/02/2012 07/02/12 Sold $129,000 -- $74 / 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 $866 $56,875 $5,125 $51,750
2023 $866 $56,875 $5,125 $51,750
2022 $739 $33,000 $4,500 $28,500
2021 $739 $33,000 $4,500 $28,500
2020 $739 $33,000 $4,500 $28,500
2019 $653 $33,000 $4,500 $28,500
2018 $653 $33,000 $4,500 $28,500
2017 $672 $32,100 $4,000 $28,100
2016 $672 $32,100 $4,000 $28,100
2015 $672 $32,100 $4,000 $28,100
2014 $672 $32,092 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1251831

East Tennessee REALTORS® MLS

APN: 068A-D-012.00