$295,000
SOLD OCT 18, 2024

180 Branch Ln Monterey, TN 38574

55 Acres
$5,401 Price per Acre
2,379,247 Sq Ft Lot

Recently Sold

$273 Per Sq Ft

2% Below List Price

102 Days on Market

Highlights

  • 54.62 Acre Lot
  • Creek On Lot
  • Steep Slope

About This Lot

As of October 2024

Discover the potential of this exceptional 54.62(+-)-acre property, perfect for outdoor enthusiasts and investors alike. Mostly wooded with marketable timber, the land features a picturesque creek and several prime building spots, including an ideal location for a small lake. Two existing homes require renovations to be livable, offering a unique opportunity to customize. The property is equipped with 2 septic systems and 2 water taps, ensuring convenience for future development. Enjoy top-notch Twin Lakes Fiber optic internet. Great for hunting and recreational use, this versatile estate is a hidden gem waiting to be transformed. * Buyer to verify all information*

Last Agent to Sell the Property

Heather Cowart

Highlands Elite Real Estate License #332142 Listed on: 09/12/2024

Last Buyer's Agent

Non Member Non Member

Non-Member Office

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $246

Year Built

  • 1972

Lot Details

  • 54.62 Acre Lot
  • Property fronts a county road
  • Steep Slope
  • Cleared Lot
  • Finished Lot(s)
  • Zoning described as None, Zoned Agricultural

Parking

  • Driveway

Additional Features

  • Creek On Lot
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 129 002.00

Property Details

Property Type

Land

Est. Annual Taxes

$246

Year Built

1972

Lot Details

0

Listing Details

  • Directions: Exit 301 to right onto US-70N W, right after Dairy Queen onto S Chestnut St. Approximately 8.5 miles. Left onto Branch Ln. Property on the right. See Sign.
  • Prop. Type: Lots & Acreage
  • Lot Size Acres: 54.62
  • Lot Size: Irregular
  • Topography:Rolling: Yes
  • Improvements:Utilities on Site: Yes
  • Lot Description:Rolling Slope: Yes
  • Utilities Available:Electricity4: Yes
  • Utilities Available:Water5: Yes
  • Property Sub-Type:Single Family2: Yes
  • Road Frontage:County4: Yes
  • Topography:Partially Cleared: Yes
  • Topography:Steep: Yes
  • Improvements:Driveway3: Yes
  • Improvements:Septic Installed: Yes
  • Lot Description:Creek: Yes
  • Property Sub-Type:Mobile Home2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1972

Exterior Features

  • Lot Features: Creek, Rolling, Rolling Slope
  • Topography: Steep, Partially Cleared

Lot Info

  • Lot Size Sq Ft: 2379247.2
  • Parcel #: 129 002.00
  • Zoning Description: None, Zoned Agricultural
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2024
Closed on
Oct 18, 2024
Sold by
Wells Loren and Phillips Alex S
Bought by
Mamrick Michael S and Mamrick Susan
Seller's Agent
Heather Cowart
Highlands Elite Real Estate
Buyer's Agent
Non Member Non Member
Non-Member Office
List Price
$299,900
Sold Price
$295,000
Premium/Discount to List
-$4,900
-1.63%
Total Days on Market
102
Views
10
Current Estimated Value
$311,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,665
Avg. Annual Appreciation
9.27%

Purchase Details

Listed on
Sep 12, 2024
Closed on
Sep 23, 2024
Sold by
Phillips Harvey Gene
Bought by
Phillips Alex and Phillips Stacy
Seller's Agent
Heather Cowart
Highlands Elite Real Estate
Buyer's Agent
Non Member Non Member
Non-Member Office
List Price
$299,900
Sold Price
$295,000
Premium/Discount to List
-$4,900
-1.63%
Views
10

Purchase Details

Closed on
Feb 19, 2020
Sold by
Phillips Harvey Gene
Bought by
Phillips Johnathan Russel

Purchase Details

Closed on
Apr 19, 2019
Sold by
Gill John Welch
Bought by
Phillips Harvey Gene and Phillips Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,881
Interest Rate
4.2%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 20, 2014
Sold by
Phillips Harvey Gene
Bought by
Phillips Johnathan Russell

Purchase Details

Closed on
Sep 30, 2013
Sold by
Roberts Carroll
Bought by
Phillips Harvey Gene and Phillips Diane
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $295,000 None Listed On Document
Executors Deed -- None Listed On Document
Warranty Deed $40,000 --
Warranty Deed $30,000 --
Warranty Deed $21,000 --
Warranty Deed $20,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $760,000 Construction
Previous Owner $65,650 Commercial
Previous Owner $30,881 Commercial
Previous Owner $71,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2024 10/18/24 Sold $295,000 -1.6% $273 / Sq Ft
09/17/2024 09/17/24 Pending -- -- --
09/12/2024 09/12/24 Price Changed $299,900 0.0% $278 / Sq Ft
09/12/2024 09/12/24 For Sale $299,900 +1.7% $278 / Sq Ft
07/15/2024 07/15/24 Off Market $295,000 -- --
07/15/2024 07/15/24 For Sale $280,000 -5.1% $259 / Sq Ft
07/11/2024 07/11/24 Off Market $295,000 -- --
06/17/2024 06/17/24 Pending -- -- --
06/06/2024 06/06/24 For Sale $280,000 -- $259 / 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 $246 $10,950 $7,775 $3,175
2023 $216 $10,950 $7,775 $3,175
2022 $216 $10,950 $7,775 $3,175
2021 $158 $8,000 $4,825 $3,175
2020 $210 $8,000 $4,825 $3,175
2019 $184 $8,175 $5,775 $2,400
2018 $184 $8,175 $5,775 $2,400
2017 $184 $8,175 $5,775 $2,400
2016 $183 $8,150 $5,775 $2,375
2015 $162 $8,150 $5,775 $2,375
2014 -- $3,275 $3,275 $0
2013 -- $8,375 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1265436

East Tennessee REALTORS® MLS

APN: 129-002.00