NOT LISTED FOR SALE

Estimated Value: $335,000 - $758,000

0.45 Acres
$1,202,784 Price per Acre
19,602 Sq Ft Lot

Last Sold April 23, 2021

Last sale price $300,000

Est. 80% increase in value since last sale

Current estimated payment $3,009/month

376 Days on Market

Highlights

  • Lake Front
  • Golf Course Community
  • Lot Has A Rolling Slope

About This Lot

As of April 2021

Main Channel Waterfront homesite on Tellico Lake that has year around deep-water ensuring boating is available 365 days/year. This homesite allows construction of a private dock & offers beautiful panoramic views of the lake. Homesite is a great location on the lake & provides all the wonderful amenities available by being a resident of Rarity Bay. The shoreline has been cleared & stone placed for stabilization. A custom home has been specifically designed for this homesite by Rick Hattley, a well-known custom home designer. These plans include all the details necessary to get competitive bids. With the existing slope of the homesite, the lower level walkout will be close to the water for quick and easy access. This is one of the few main Tellico Lake main channel sites for under $400k.

Last Agent to Sell the Property

Luke Noe

Rarity Bay Properties, LLC License #304073 Listed on: 03/05/2020

Last Buyer's Agent

Luke Noe

Rarity Bay Real Estate Company, Inc.

Property Details

Property Type

  • Land

Lot Details

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

HOA Fees

  • $76 Monthly HOA Fees

Listing and Financial Details

  • Assessor Parcel Number 078j A 002.00

Community Details

Overview

  • Rarity Bay Subdivision

Recreation

  • Golf Course Community
  • Access To Lake

Property Details

Property Type

Land

Lot Details

0.45 Acres

HOA Fees

$76 per month

Listing Details

  • Directions: From Knoxville driving I-75s to exit 72. Turn left onto hwy. 72 and drive 13.3 miles to entrance of Rarity Bay. Continue on Rarity Bay. Right onto Watercrest, Right onto Killdeer, Left onto Cormorant Dr and look for the lot on your right. If looking at the water, the lot is directly to the right of the home located at 190 Cormorant Dr.
  • Prop. Type: Lots & Acreage
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 0.45
  • Lot Size: .45 acres
  • Subdivision Name: Rarity Bay
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • View: Other
  • Lot Features: Golf Community, Lake Access, Lakefront, Rolling, Waterfront Access
  • Topography: {"Cleared":true}

Condo/Co-op/Association

  • Association Fee: 916.0
  • Association Fee Frequency: Yearly

Lot Info

  • Lot Size Sq Ft: 19602.0
  • Parcel #: 078j A 002.00
  • Zoning Description: Zoned Residential
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2020
Closed on
Apr 12, 2021
Sold by
Johnloz Gary and Johnloz Louanne
Bought by
Hoek David A and Childress Hoek Sonia
Seller's Agent
Luke Noe
Rarity Bay Properties, LLC
Buyer's Agent
Luke Noe
Rarity Bay Real Estate Company, Inc.
Sold Price
$300,000
Current Estimated Value
$541,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,253
Avg. Annual Appreciation
12.77%

Purchase Details

Closed on
Jan 25, 2016
Sold by
Johnloz Gary
Bought by
Mittleider Rodney A

Purchase Details

Listed on
Sep 28, 2012
Closed on
May 30, 2013
Sold by
Capital Bank Na
Bought by
Johnloz Gary and Johnloz Louanne
Seller's Agent
Luke Noe
Rarity Bay Real Estate Company, Inc.
Buyer's Agent
Luke Noe
Rarity Bay Real Estate Company, Inc.
Sold Price
$160,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.98%

Purchase Details

Closed on
Aug 13, 2012
Sold by
Tellico Lake Properties Lp
Bought by
Capital Bank
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
Hoek David A $300,000 Tellico Title Services Inc
Mittleider Rodney A $250,000 --
Johnloz Gary $160,000 --
Capital Bank $3,172,534 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/23/2021 04/23/21 Sold $300,000 +20.0% --
01/19/2018 01/19/18 Sold $250,000 +56.3% -- View Prior Sale
05/30/2013 05/30/13 Sold $160,000 -- -- 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 $1,409 $79,700 $79,700 --
2024 $1,210 $79,700 $79,700 --
2023 $1,210 $79,700 $0 $0
2022 $1,210 $79,700 $79,700 $0
2021 $1,210 $79,700 $79,700 $0
2020 $1,262 $79,700 $79,700 $0
2019 $1,262 $70,000 $70,000 $0
2018 $1,804 $100,000 $100,000 $0
2017 $1,804 $100,000 $100,000 $0
2016 $1,859 $100,000 $100,000 $0
2015 $1,859 $100,000 $100,000 $0
2014 $1,859 $100,000 $100,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1109960

East Tennessee REALTORS® MLS

APN: 078J-A-002.00

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