NOT LISTED FOR SALE

Estimated Value: $268,000 - $1,341,000

0.65 Acre
$1,042,208 Price per Acre
28,314 Sq Ft Lot

Last Sold November 12, 2020

Last sale price $375,000

Est. 81% increase in value since last sale

Current estimated payment $4,164/month

380 Days on Market

Highlights

  • Lake Front
  • 0.65 Acre Lot
  • Dock Permitted
  • Golf Course Community
  • Mountain View
  • Lot Has A Rolling Slope

About This Lot

As of November 2020

Gorgeous lakefront lot with dock permit on file on Main Channel of Tellico Lake. Gently sloping and panoramic views of both lake and mountains! Upscale restricted neighborhood. 0.65 acres, survey available. Amenities include golf course, putting greens, driving range, boat ramp,and boat rentals, swimming pool, fitness center, tennis, PICKELBALL, Restaurant, and parties! Hiking, dining, horse riding and dozens of other clubs!

Last Agent to Sell the Property

Karen Millikan

Lakefront Living, On the Lake License #278019 Listed on: 08/30/2019

Co-Listed By

Kody Millikan

Lakefront Living, On the Lake License #342044

Last Buyer's Agent

Sam Allen

Lakefront Living, On the Lake License #340240

Property Details

Property Type

  • Land

Lot Details

  • 0.65 Acre Lot
  • Lake Front
  • Lot Has A Rolling Slope
  • Finished Lot(s)
  • Zoning described as Zoned Residential

HOA Fees

  • $73 Monthly HOA Fees

Property Views

  • Mountain Views

Listing and Financial Details

  • Assessor Parcel Number 078p B 044.00

Community Details

Overview

  • Rarity Bay Subdivision

Recreation

  • Golf Course Community
  • Dock Permitted

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$73 per month

Listing Details

  • Directions: From entrance of Rarity Bay take Rarity Bay Pkwy to R on Watercress Dr, then R on Killdeer Drive and another R on Cormorant Drive to lot on right, between 2 gorgeous homes!
  • Prop. Type: Lots & Acreage
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 0.65
  • Lot Size: 75Fx155L x214RX216R
  • Co List Office Phone: 423-519-3258
  • Subdivision Name: Rarity Bay
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain View
  • Lot Features: Current Dock Permit on File, Golf Community, Lakefront, Rolling
  • Topography: {"Graded":true,"Cleared":true}

Condo/Co-op/Association

  • Association Fee: 873.0
  • Association Fee Frequency: Yearly

Lot Info

  • Lot Size Sq Ft: 28314.0
  • Parcel #: 078p B 044.00
  • Zoning Description: Zoned Residential
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2019
Closed on
Nov 7, 2020
Sold by
Baker Michael H and Baker Cathryn L
Bought by
Zeno Jenifer L and Zeno Lawrence R
Seller's Agent
Karen Millikan
Lakefront Living, On the Lake
Buyer's Agent
Sam Allen
Lakefront Living, On the Lake
Sold Price
$375,000
Current Estimated Value
$677,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$302,435
Avg. Annual Appreciation
12.02%

Purchase Details

Listed on
Jan 12, 2015
Closed on
Apr 2, 2015
Sold by
Baker Michael H Cathryn L
Bought by
Baker Michael H & Baker Cathryn L Trustees
Seller's Agent
Luke Noe
Rarity Bay Real Estate Company, Inc.
Buyer's Agent
Susan Pollitte
Rarity Bay Real Estate Company, Inc.
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.14%
Original Mortgage
$205,000
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 12, 2015
Closed on
Feb 23, 2015
Sold by
Munk Charles F
Bought by
Baker Michael H and Baker Cathryn L
Seller's Agent
Luke Noe
Rarity Bay Real Estate Company, Inc.
Buyer's Agent
Susan Pollitte
Rarity Bay Real Estate Company, Inc.
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 3, 1998
Bought by
Munk Charles F
Source: Public Records
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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
Zeno Jenifer L $375,000 Tellico Title Services Inc
Baker Michael H & Baker Cathryn L Trustees -- --
Baker Michael H $450,000 --
Munk Charles F $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baker Michael H $205,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/12/2020 11/12/20 Sold $375,000 -16.7% --
02/25/2015 02/25/15 Sold $450,000 -- -- View Prior Sale
Source: East Tennessee REALTORS® MLS

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
2025 $6,842 $437,525 $93,750 $343,775
2024 $1,423 $93,750 $93,750 --
2023 $1,423 $93,750 $0 $0
2022 $1,423 $93,750 $93,750 $0
2021 $1,423 $93,750 $93,750 $0
2020 $2,029 $93,750 $93,750 $0
2019 $2,029 $112,500 $112,500 $0
2018 $2,029 $112,500 $112,500 $0
2017 $2,029 $112,500 $112,500 $0
2016 $2,091 $112,500 $112,500 $0
2015 $2,091 $112,500 $112,500 $0
2014 $2,091 $112,500 $112,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1092850

East Tennessee REALTORS® MLS

APN: 078P-B-044.00