NOT LISTED FOR SALE

Estimated Value: $274,000 - $469,000

0.58 Acre
$647,762 Price per Acre
25,265 Sq Ft Lot

Last Sold June 21, 2023

Last sale price $350,000

Est. 7% increase in value since last sale

Current estimated payment $2,170/month

Highlights

  • Lake Front
  • Golf Course Community
  • Gated Community
  • Boat Ramp
  • Fitness Center
  • 0.58 Acre Lot

About This Lot

As of June 2023

Awaken to the best sun rises on this beautiful, Main channel, gently sloped homesite, extra large to accommodate any size home. Private dock rights allow buyers to apply for private dock for just the $500.00 fee. Dock location sketch is in documents. Full Golf membership can transfer at no charge to buyer so a $25,000 bonus to buyers who golf! Home 2 doors down is on the market at 2.5 million....build for less your own dream home the way you want it! Rarity Bay has it all with Golf, putting greens and driving range, pool, tennis, pickle ball, boat rentals, equestrian opportunities, walking trails.....''what's not to lake!''

Last Agent to Sell the Property

Karen Millikan

Lakefront Living, On the Lake License #278019 Listed on: 06/01/2023

Last Buyer's Agent

Polly Harrison

Lakefront Living, On the Lake License #351395

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $607

Lot Details

  • 0.58 Acre Lot
  • Lot Dimensions are 48x34x42x188x232x194
  • Lake Front
  • Property fronts a private road
  • Cleared Lot
  • Finished Lot(s)
  • Zoning described as Zoned Residential

HOA Fees

  • $88 Monthly HOA Fees

Property Views

  • Lake
  • Mountain

Utilities

  • Gas Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 078J A 011.00

Community Details

Overview

  • Rarity Bay Subdivision
  • Community Lake

Amenities

  • Clubhouse
  • Community Storage Space

Recreation

  • Boat Ramp
  • Boat Dock
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities
  • Fitness Center
  • Community Pool
  • Putting Green

Security

  • Security Service
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$607

Lot Details

0

HOA Fees

$88 per month

Listing Details

  • Directions: Highway 72W to Rarity Bay, ask for directions at gate.
  • Prop. Type: Lots & Acreage
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 0.58
  • Lot Size: 48x34x42x188x232x194
  • Subdivision Name: Rarity Bay
  • Improvements:Utilities on Site: Yes
  • View:Mountain View: Yes
  • Utilities Available:Cable TV2: Yes
  • Utilities Available:Electricity4: Yes
  • Utilities Available:Gas3: Yes
  • Utilities Available:Water5: Yes
  • Utilities Available:Sewer6: Yes
  • Property Sub-Type:Lake Front: Yes
  • Road Frontage:Private3: Yes
  • Lot Description:Lakefront: Yes
  • View:Lakefront2: Yes
  • Topography:Cleared: Yes
  • Lot Description:Golf Community: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain View
  • Lot Features: Golf Community, Lakefront
  • Topography: {"Level":true,"Graded":true,"Cleared":true}

Utilities

  • Security: Gated Community

Condo/Co-op/Association

  • Amenities: Clubhouse, Storage, Golf Course, Recreation Facilities, Security, Pool, Tennis Court(s)
  • Association Fee: 1050.0
  • Association Fee Frequency: Yearly

Association/Amenities

  • Community Amenities:Gated Community: Yes
  • Community Amenities:Architect Restricted: Yes
  • Community Amenities:Club House2: Yes
  • Community Amenities:Swimming Pool: Yes
  • Community Amenities:Boat Ramp: Yes
  • Community Amenities:Dock2: Yes
  • Community Amenities:Lake Access2: Yes
  • Community Amenities:Exercise Room: Yes
  • Community Amenities:Extra Storage4: Yes
  • Community Amenities:Golf Course2: Yes
  • Community Amenities:Putting Greens: Yes
  • Community Amenities:Rec Facilities: Yes
  • Community Amenities:Security2: Yes
  • Community Amenities:Tennis Courts: Yes
  • Community Amenities:Other45: Yes

Lot Info

  • Lot Size Sq Ft: 25264.8
  • Parcel #: 078J A 011.00
  • Zoning Description: Zoned Residential
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2023
Closed on
Jun 19, 2023
Sold by
Werner Walter V and Werner Carolyn A
Bought by
Charles L Morello Trust
Seller's Agent
Karen Millikan
Lakefront Living, On the Lake
Buyer's Agent
Polly Harrison
Lakefront Living, On the Lake
List Price
$350,000
Sold Price
$350,000
Views
1
Current Estimated Value
$375,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,702
Avg. Annual Appreciation
3.30%

Purchase Details

Closed on
Jan 9, 2023
Sold by
Werner Carolyn A and Werner Walter V
Bought by
Hollis Robert A and Hollis Lisa D

Purchase Details

Closed on
Feb 10, 2012
Sold by
Citizens National Bank
Bought by
Werner Walter V and Werner Carolyn A

Purchase Details

Closed on
Dec 2, 2010
Sold by
Tellico Lake Properties Lp
Bought by
Citizens National Bank

Purchase Details

Closed on
Jun 27, 2003
Bought by
Tellico Lake Properties Lp

Purchase Details

Closed on
Jun 26, 1998
Bought by
Kidd Robert J A
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
Charles L Morello Trust $350,000 Admiral Title Inc
Hollis Robert A $2,160,000 Tellico Title Services
Werner Walter V $154,000 --
Citizens National Bank $150,000 --
Tellico Lake Properties Lp $260,000 --
Kidd Robert J A $500,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2023 06/21/23 Sold $350,000 0.0% --
06/01/2023 06/01/23 Pending -- -- --
06/01/2023 06/01/23 For Sale $350,000 -- --
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
2025 $607 $40,000 $40,000 --
2023 $607 $40,000 $0 $0
2022 $607 $40,000 $40,000 $0
2021 $607 $40,000 $40,000 $0
2020 $676 $40,000 $40,000 $0
2019 $676 $37,500 $37,500 $0
2018 $676 $37,500 $37,500 $0
2017 $676 $37,500 $37,500 $0
2016 $697 $37,500 $37,500 $0
2015 $697 $37,500 $37,500 $0
2014 $697 $37,500 $37,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1228860

East Tennessee REALTORS® MLS

APN: 078J-A-011.00