NOT LISTED FOR SALE

1480 Torbett Rd Spring City, TN 37381

Estimated Value: $293,000 - $359,000

3 Beds
2 Baths
1,575 Sq Ft
$207/Sq Ft Est. Value

Last Sold May 05, 2023

Last sale price $245,000 $156 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,743/month

15 Days on Market

Highlights

  • Wooded Lot
  • No HOA
  • Patio
  • Bamboo Flooring
  • 2 Car Attached Garage
  • Central Heating and Cooling System

About This Home

As of May 2023

This home is surrounded by acres of woods - a sub division that never happened. Quiet and secluded outside - inside you will find an open floor plan with exposed wood beams gracing a beautiful cathedral ceiling. Floors in the living/dining and kitchen area are Bamboo - for lasting beauty and easy care. The primary bedroom has an en-suite bath and a laundry room. A bonus room off the garage approx. 11' X 22" could be a 4th bedroom or home gym. Walk across the street to beautiful Watts Bar Lake - boating access is near by. Come see it soon!

Last Agent to Sell the Property

Terri Hammer

simpliHOM License #367630 Listed on: 03/07/2023

Last Buyer's Agent

Darren Miller

eXp Realty, LLC License #332611

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $795

Year Built

  • Built in 1995

Lot Details

  • 0.5 Acre Lot
  • Lot Dimensions are 135.38 x 161.8
  • Level Lot
  • Wooded Lot

Parking

  • 2 Car Attached Garage
  • Gravel Driveway

Home Design

  • Metal Roof

Interior Spaces

  • 1,575 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Bamboo
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio

Schools

  • Spring City Elementary School
  • Spring City Middle School
  • Rhea County High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association
  • Hide A Way Hill Subdivision

Listing and Financial Details

  • Tax Lot 75
  • Assessor Parcel Number 038J C 02000 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$795

Year Built

Built in 1995

Lot Details

0.5 Acres

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1995
  • Unit Levels: Three Or More
  • New Construction: No
  • Year Built Details: Existing
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Appliances: Dishwasher, Microwave, Refrigerator
  • Flooring: Bamboo, Carpet, Vinyl
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Has Basement: None
  • Building Area Units: Square Feet
  • Living Area: 1575
  • Living Area Units: Square Feet

Exterior Features

  • Patio And Porch Features: Patio
  • Pool Private: No
  • Roof: Metal
  • Topography: Wooded,Level
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Gravel
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Wooded, Level
  • Lot Size Acres: 0.5
  • Lot Size: 135.38 X 161.8
  • Lot Size Units: Acres
  • Parcel #: 038J C 02000 000
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 795
  • Tax Lot: 75

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2023
Closed on
May 5, 2023
Sold by
Koon Pamella K
Bought by
Cleary Richard Scott
Seller's Agent
Terri Hammer
simpliHOM
Buyer's Agent
Darren Miller
eXp Realty, LLC
List Price
$255,000
Sold Price
$245,000
Premium/Discount to List
-$10,000
-3.92%
Views
132
Current Estimated Value
$325,793

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,793
Avg. Annual Appreciation
10.76%
Original Mortgage
$245,000
Outstanding Balance
$237,437
Interest Rate
6.42%
Mortgage Type
VA
Estimated Equity
$88,356

Purchase Details

Closed on
Dec 5, 2019
Sold by
Koon Luther E
Bought by
Koon Pamella K

Purchase Details

Closed on
Aug 27, 2019
Sold by
Koon Luther E
Bought by
Koon Pamela K

Purchase Details

Listed on
Oct 20, 2013
Closed on
May 30, 2014
Sold by
Mingle Mark J
Bought by
Koon Donald L and Koon Evelyn L
Seller's Agent
Debra Coulter
ERA Blue Key Properties
Buyer's Agent
Jim Monday
ERA Blue Key Properties
List Price
$105,500
Sold Price
$79,900
Premium/Discount to List
-$25,600
-24.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.74%
Original Mortgage
$67,915
Interest Rate
5.25%

Purchase Details

Closed on
Mar 21, 1995
Sold by
Hilleary W C
Bought by
Mark Mingle

Purchase Details

Closed on
May 13, 1957
Bought by
Hilleary Hilleary W and Hilleary Evelyon
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
Cleary Richard Scott $245,000 Title Insurance Company
Koon Pamella K -- None Available
Koon Pamela K -- None Available
Koon Donald L $79,900 --
Mark Mingle $5,000 --
Hilleary Hilleary W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cleary Richard Scott $245,000
Previous Owner Koon Donald L $67,915
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/05/2023 05/05/23 Sold $245,000 -3.9% $156 / Sq Ft
03/22/2023 03/22/23 Pending -- -- --
03/07/2023 03/07/23 For Sale $255,000 +219.1% $162 / Sq Ft
05/30/2014 05/30/14 Sold $79,900 -24.3% $51 / Sq Ft View Prior Sale
04/25/2014 04/25/14 Pending -- -- --
10/19/2013 10/19/13 For Sale $105,500 -- $67 / Sq Ft
Source: Realtracs

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 $836 $62,000 $7,500 $54,500
2024 $836 $62,000 $7,500 $54,500
2023 $795 $35,275 $3,250 $32,025
2022 $795 $35,275 $3,250 $32,025
2021 $795 $35,275 $3,250 $32,025
2020 $795 $35,275 $3,250 $32,025
2019 $795 $35,275 $3,250 $32,025
2018 $740 $33,675 $3,250 $30,425
2017 $728 $33,125 $3,250 $29,875
2016 $728 $33,125 $3,250 $29,875
2015 $695 $33,125 $3,250 $29,875
2014 $694 $33,125 $3,250 $29,875
2013 -- $33,125 $3,250 $29,875
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2529995

Realtracs

APN: 038J-C-020.00

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