NOT LISTED FOR SALE

Estimated Value: $2,470,000 - $2,920,000

0.85 Acre
$3,203,371 Price per Acre
37,026 Sq Ft Lot

Last Sold September 28, 2020

Last sale price $350,000

Est. 678% increase in value since last sale

Current estimated payment $15,061/month

140 Days on Market

Highlights

  • Lake Front
  • 0.85 Acre Lot
  • Lot Has A Rolling Slope
  • Golf Course Community
  • Mountain View

About This Lot

As of September 2020

Tellico Lake Main Channel Homesite with .85 acres located in Rarity Bay on Tellico Lake. DOCKABLE! Incredible value on Tellico Lake with a gentle slope, perfect for a walk-out basement. Beautiful views of Tellico Lake, glimpses of the Smoky Mountains with scenic views of nature across the lake. They aren't making any more waterfront homesites on Tellico Lake! Full Golf Membership valued at $25,000 is included in the purchase price.

Last Agent to Sell the Property

Luke Noe

Rarity Bay Properties, LLC License #304073 Listed on: 03/29/2020

Last Buyer's Agent

Christine Sparks

Realty Executives Associates

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,518

Lot Details

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

HOA Fees

  • $98 Monthly HOA Fees

Property Views

  • Mountain Views

Listing and Financial Details

  • Assessor Parcel Number 078b A 012.00

Community Details

Overview

  • Rarity Bay Subdivision

Recreation

  • Golf Course Community
  • Access To Lake

Property Details

Property Type

Land

Est. Annual Taxes

$1,518

Lot Details

0

HOA Fees

$98 per month

Listing Details

  • Directions: From Knoxville driving I-75 south to exit 72. Turn left onto hwy. 72, drive 13.3 miles and Rarity Bay will be on your left. Continue on Rarity Bay Parkway, right onto Bay Pointe Dr., and look for the home on 220 Bay Pointe Dr. This homesite is to the right of that home if you are standing at the street looking at the water.
  • Prop. Type: Lots & Acreage
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 0.85
  • Lot Size: irr
  • Subdivision Name: Rarity Bay
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain View, Other
  • Lot Features: Golf Community, Lake Access, Lakefront, Rolling, Waterfront Access

Condo/Co-op/Association

  • Association Fee: 1171.0
  • Association Fee Frequency: Yearly

Lot Info

  • Lot Size Sq Ft: 37026.0
  • Parcel #: 078b A 012.00
  • Zoning Description: Zoned Residential
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2020
Closed on
Sep 28, 2020
Sold by
Knoedler David J and The Knoedler Living Trust
Bought by
Morris Barry J and Morris Ingrid V
Seller's Agent
Luke Noe
Rarity Bay Properties, LLC
Buyer's Agent
Christine Sparks
Realty Executives Associates
Sold Price
$350,000
Current Estimated Value
$2,722,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,372,865
Avg. Annual Appreciation
51.87%
Original Mortgage
$125,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 21, 2020
Sold by
Knoedler Kelby and Knoedler Sandra L
Bought by
Knoedler Kelby and Knoedler Sandra L

Purchase Details

Closed on
Mar 9, 2006
Sold by
Mcarthur Fred P
Bought by
Kelby Knoedler

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.19%

Purchase Details

Closed on
Feb 27, 2004
Sold by
Tellico Lake Properties Lp
Bought by
Mcarthur Fred P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,227
Interest Rate
5.68%

Purchase Details

Closed on
Aug 14, 2000
Bought by
Sloan Charles and Sloan Dorothy
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 Buyer Sale Price Title Company
Morris Barry J $350,000 Tennessee Valley Ttl Ins Co
Knoedler Kelby -- None Available
Kelby Knoedler $600,000 --
Mcarthur Fred P $4,450,000 --
Tellico Lake Properties Lp -- --
Sloan Charles $1,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morris Barry J $1,575,000
Closed Morris Barry J $125,000
Previous Owner Kelby Knoedler $600,000
Previous Owner Sloan Charles $247,227
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2020 09/28/20 Sold $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 $1,518 $432,200 $100,000 $332,200
2023 $1,518 $432,200 $0 $0
2022 $1,518 $100,000 $100,000 $0
2021 $1,518 $100,000 $100,000 $0
2020 $2,142 $100,000 $100,000 $0
2019 $2,142 $118,750 $118,750 $0
2018 $2,142 $118,750 $118,750 $0
2017 $2,142 $118,750 $118,750 $0
2016 $2,323 $125,000 $125,000 $0
2015 $2,323 $125,000 $125,000 $0
2014 $2,323 $125,000 $125,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1112524

East Tennessee REALTORS® MLS

APN: 078B-A-012.00