NOT LISTED FOR SALE

Estimated Value: $1,264,000 - $1,486,226

4 Beds
3 Baths
3,659 Sq Ft
$374/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $1,280,000 $350 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $7,725/month

Highlights

  • Boat Ramp
  • Access To Lake
  • Gated Community
  • Golf Course Community
  • Fitness Center
  • Lake View

About This Home

As of November 2023

This recently built, custom home sits atop one of the highest residential hills on Tellico Lake with mountain and lake views that stretch for miles. This house is truly turn-key with a seamless floor plan and up-to-date finishes. The upper deck and lower patio are both perfect areas for entertaining or relaxing by the fire and enjoying the view. The main level has 3 bedrooms, one of which would be perfect for a home office. The lower level has 11 foot ceilings, and offers a large recreation room, full kitchen, art studio, additional bedroom, and a full bath making it a perfect space for guests or in-laws. Also located in the lower level is a large unfinished storage room. This house checks all the boxes!

Last Agent to Sell the Property

Sam Allen

Allen Realty License #340240 Listed on: 10/22/2023

Last Buyer's Agent

Mark Day

Keller Williams License #361319

Keller Williams

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,838

Year Built

  • Built in 2018

Lot Details

  • 0.25 Acre Lot
  • Rain Sensor Irrigation System

HOA Fees

  • $312 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Parking Available
  • Garage Door Opener

Property Views

  • Lake
  • Mountain

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Frame Construction
  • Stone Siding

Interior Spaces

  • 3,659 Sq Ft Home
  • Living Quarters
  • Tray Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Insulated Windows
  • Family Room
  • Combination Kitchen and Dining Room
  • Home Office
  • Workshop
  • Storage Room
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 3 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Recreation or Family Area in Basement

Outdoor Features

  • Access To Lake
  • Balcony
  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Tankless Water Heater
  • Septic Tank
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 078G B 011.00

Community Details

Overview

  • Association fees include security, some amenities
  • Rarity Bay Subdivision
  • Mandatory home owners association
  • 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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,838

Year Built

Built in 2018

Lot Details

0

HOA Fees

$312 per month

Parking

2

Listing Details

  • Directions: Rarity Bay is a gated community. You will need a realtor or a home owner to call you through the gate.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 2018
  • Lot Size Acres: 0.25
  • Subdivision Name: Rarity Bay
  • Architectural Style: Traditional
  • Property Attached Yn: No
  • View:Mountain View: Yes
  • Lot Description:Lake Access: Yes
  • View:Lake: Yes
  • General Property Description:Fireplace: Yes
  • General Property Description:SqFt - Main Lvl: 2112.0
  • General Property Description:SqFt - Down Lvl: 1547.0
  • General Property Description:_pound_ Fireplace: 1.0
  • General Property Description:HOA: Mandatory
  • General Property Description:Basement: Yes
  • General Property Description:Bonus Room: No
  • General Property Description:Extra Storage: Yes
  • AtchdDtchd Type:Detached: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Cooling: Yes
  • Floors:Hardwood: Yes
  • Floors:Vinyl: Yes
  • Fuel:Electric: Yes
  • Fuel:Gas (Natural): Yes
  • Heat:Central: Yes
  • Dining Area:Eat-in Kitchen: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Misc Features:Internet Available: Yes
  • Misc Features:Walk-in Closets: Yes
  • Misc Features:Walk-in Shower: Yes
  • Misc Features:WasherDryer Connect: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public: Yes
  • Dining Area:KitchenDining Rm Co: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Siding:Stone3: Yes
  • Percent Basement Finished: Yes
  • Siding:Brick2: Yes
  • Floors:Tile2: Yes
  • Basement Walkout: Yes
  • Heat:Heat Pump3: Yes
  • Lot Description:Golf Community: Yes
  • Dining Area:Breakfast Bar: Yes
  • Misc Features:Trey Ceiling: Yes
  • Cooling:Zoned2: Yes
  • Heat:Zoned: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Gas Stove, Tankless Wtr Htr, Smoke Detector, Refrigerator, Microwave, Washer
  • Has Basement: Finished, Partially Finished, Walkout
  • Fireplace: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Flooring: Hardwood, Vinyl, Tile
  • ResoLivingAreaSource: Plans
  • Fireplace:Gas Log: Yes
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Smoke Detector: Yes
  • Other Rooms:Extra Storage3: Yes
  • Other Rooms:LaundryUtility: Yes
  • Other Rooms:Mstr Bdrm Main Level: Yes
  • Other Rooms:Family Room: Yes
  • Appliances:Gas Stove: Yes
  • Other Rooms:Addl Living Quarter: Yes
  • Basement:Partially Finished: Yes
  • Other Rooms:Basement Rec Room: Yes
  • Other Rooms:Bedroom Main Level: Yes
  • Other Rooms:Workshop: Yes
  • Appliances:Tankless Wtr Htr: Yes
  • Misc Features:Island in Kitchen: Yes
  • Other Rooms:Office: Yes

Exterior Features

  • Exterior Features: Irrigation System, Windows - Insulated, Patio, Porch - Covered, Deck, Balcony
  • View: Mountain View, Lake
  • Lot Features: Lake Access, Golf Community
  • Construction Type: Stone, Brick, Frame
  • Construction:Frame: Yes
  • Exterior Features:Deck: Yes
  • Exterior Features:Porch - Covered: Yes
  • Exterior Features:Windows - Insulated: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Irrigation System: Yes

Garage/Parking

  • GarageParkingGarageSpaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Garage Door Opener, Attached, Main Level
  • GarageParking:Attached2: Yes
  • GarageParking:Garage Door Opener: Yes
  • GarageParking:Main Level: Yes

Utilities

  • Cooling: Central Cooling, Ceiling Fan(s), Zoned
  • Security: Gated Community
  • Cooling Y N: Yes
  • Heating: Central, Heat Pump, Natural Gas, Zoned, Electric
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Amenities: Clubhouse, Storage, Golf Course, Recreation Facilities, Security, Pool, Tennis Court(s)
  • Association Fee: 312.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Community Amenities:Gated Community: Yes
  • Community Amenities:Architect Restricted: Yes
  • Community Amenities:Club House2: Yes
  • Community Amenities:Sidewalks: 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
  • Association Fee Incl:Some Amenities: Yes
  • Association Fee Incl:Security3: Yes

Fee Information

  • Association Fee Includes: Security, Some Amenities

Lot Info

  • Lot Size Sq Ft: 10890.0
  • Parcel #: 078G B 011.00
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2023
Closed on
Nov 30, 2023
Sold by
Harrison Terry D and Mae Higgins-Bright
Bought by
Hauser Joseph Lawrence and Mccotter Colleen Marie
Seller's Agent
Sam Allen
Allen Realty
Buyer's Agent
Mark Day
Keller Williams
List Price
$1,295,000
Sold Price
$1,280,000
Premium/Discount to List
-$15,000
-1.16%
Views
28
Current Estimated Value
$1,369,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,307
Avg. Annual Appreciation
3.71%
Original Mortgage
$750,000
Outstanding Balance
$737,858
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$631,449

Purchase Details

Listed on
Aug 2, 2015
Closed on
Jun 16, 2016
Sold by
Nicolle Rob
Bought by
Higgins-Bright Harrison Terry D and Higgins-Bright Harrison Mae
Seller's Agent
Karen Millikan
Lakefront Living, On the Lake
Buyer's Agent
Luke Noe
Rarity Bay Real Estate Company, Inc.
Sold Price
$45,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
56.55%

Purchase Details

Closed on
Aug 30, 2014
Sold by
Nicolle Robin E
Bought by
Nicolle Rob and Nicolle Carol

Purchase Details

Closed on
Jun 26, 2002
Bought by
Nicolle Robin E

Purchase Details

Closed on
Jun 19, 2000
Bought by
R B Xi Company Llc
Source: Public Records

Range of Values:

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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
Hauser Joseph Lawrence $1,280,000 Independence Title & Escrow In
Higgins-Bright Harrison Terry D $45,000 --
Nicolle Rob -- --
Nicolle Robin E $129,000 --
R B Xi Company Llc $1,201,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hauser Joseph Lawrence $750,000
Previous Owner R B Xi Company Llc $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2023 11/30/23 Sold $1,280,000 -1.2% $350 / Sq Ft
10/22/2023 10/22/23 Pending -- -- --
10/22/2023 10/22/23 For Sale $1,295,000 +2777.8% $354 / Sq Ft
06/13/2016 06/13/16 Sold $45,000 -- -- View Prior Sale
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 $1,838 $143,225 $10,000 $133,225
2023 $1,838 $143,225 $0 $0
2022 $1,838 $121,025 $10,000 $111,025
2021 $1,838 $121,025 $10,000 $111,025
2020 $1,947 $121,025 $10,000 $111,025
2019 $1,947 $107,950 $12,500 $95,450
2018 $1,626 $107,950 $12,500 $95,450
2017 $225 $12,500 $12,500 $0
2016 $349 $18,750 $18,750 $0
2015 $349 $18,750 $18,750 $0
2014 $349 $18,750 $18,750 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1243589

East Tennessee REALTORS® MLS

APN: 078G-B-011.00