NOT LISTED FOR SALE

1255 New Lake Rd Unit 23 Spring City, TN 37381

Estimated Value: $362,756 - $403,000

3 Beds
2.5 Baths
1,680 Sq Ft
$229/Sq Ft Est. Value

Last Sold May 24, 2019

Last sale price $188,000 $112 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $2,396/month

256 Days on Market

Highlights

  • Lake Front
  • Covered patio or porch
  • Zoned Heating and Cooling System
  • Deck
  • Tile Flooring

About This Home

As of May 2019

Ready to live the resort life, overlooking the gorgeous Watts Bar lake?! Luxury New Townhouse just completed this year (2018)!!! Central location for Knoxville or even Chattanooga. Large Open Floor plan on the main level, with a HUGE island in the kitchen, and gorgeous quartz countertops. 1/2 bath downstairs and two full baths on the second level. Plenty of room for entertaining friends and family! Perfect location for relaxation on the top {aluminum} deck off of the master suite with stunning year round lake views! Deck is waterproof & has a guttering system! Large walk in tile shower with a double vanity. Water resistant luxury vinyl tile on the main floor, perfect for coming in off the lake! Boat docks and PRIVATE boat ramp will be added later this year. FOUR BEDROOMS AVAILABLE ALSO!

Last Agent to Sell the Property

JoAnn Hoover

Tennessee Realty, LLC License #301714 Listed on: 07/11/2018

Last Buyer's Agent

Tyler Latham

Keller Williams Realty License #341818

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $500

Year Built

  • Built in 2018

Lot Details

  • Lot Dimensions are 20x57
  • Lake Front

HOA Fees

  • $125 Monthly HOA Fees

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,680 Sq Ft Home
  • Vinyl Clad Windows

Kitchen

  • <<microwave>>
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Deck
  • Covered patio or porch

Schools

  • Spring City Middle School
  • Rhea County High School

Utilities

  • Zoned Heating and Cooling System
  • Heat Pump System

Community Details

  • Hoover Landing Subdivision

Listing and Financial Details

  • Assessor Parcel Number 037b B 00202c004

Home Details

Home Type

Single Family

Est. Annual Taxes

$500

Year Built

Built in 2018

Lot Details

0

HOA Fees

$125 per month

Listing Details

  • Directions: from HWY 27 in Spring City, Tn Turn left by McDonalds, Go 1-1/2 mile, home is on left.. See New Townhomes on left. 4th one from road.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 2018
  • Road Frontage Type: Lakefront
  • Lot Size: 20x57
  • Subdivision Name: Hoover Landing
  • Architectural Style: Other
  • Property Attached Yn: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave
  • Has Basement: Slab
  • Fireplace: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Flooring: Carpet, Vinyl, Tile
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: Windows - Vinyl, Porch - Covered, Deck
  • Lot Features: Lakefront
  • Construction Type: Fiber Cement, Brick

Utilities

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

Condo/Co-op/Association

  • Association Fee: 125.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 037b B 00202c004

Tax Info

  • Tax Annual Amount: 500.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2018
Closed on
May 23, 2019
Sold by
Hoover Landing Llc
Bought by
Latham Melinda S
Seller's Agent
JoAnn Hoover
Tennessee Realty, LLC
Buyer's Agent
Tyler Latham
Keller Williams Realty
Sold Price
$188,000
Current Estimated Value
$384,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,189
Avg. Annual Appreciation
11.29%
Original Mortgage
$150,400
Outstanding Balance
$132,048
Interest Rate
3.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$230,832
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
Latham Melinda S $188,000 Crossland Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Latham Melinda S $150,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2019 05/24/19 Sold $188,000 -- $112 / 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 -- $93,125 $20,000 $73,125
2023 $1,795 $46,925 $8,500 $38,425
2022 $1,771 $46,925 $8,500 $38,425
2021 $1,738 $46,925 $8,500 $38,425
2020 $1,562 $46,925 $8,500 $38,425
2019 $1,562 $46,425 $8,500 $37,925
2018 $951 $28,775 $7,500 $21,275
Source: Public Records

Agents Affiliated with this Home

  • JoAnn Hoover

    Seller's Agent in 2019

    JoAnn Hoover

    Tennessee Realty, LLC

    (931) 267-7532

    3 in this area

    12 Total Sales

    JoAnn Hoover
    Section Image

  • T

    Buyer's Agent in 2019

    Tyler Latham

    Keller Williams Realty

See All Agents

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1048856

East Tennessee REALTORS® MLS

APN: 072037B B 00202C004

Tennessee Rhea County Spring City 37381

1255 New Lake Rd Unit 23, Spring City, TN

This home is located at 1255 New Lake Rd Unit 23, Spring City, TN 37381 since 11 July 2018 and is currently estimated at $384,189, approximately $228 per square foot. This property was built in 2018. 1255 New Lake Rd Unit 23 is a home located in Rhea County with nearby schools including Rhea County High School, King Memorial Seventh Day Adve, and Spring City Christian Academy.

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.

Nearby Homes