NOT LISTED FOR SALE

Estimated Value: $2,508,000 - $3,069,566

1.03 Acres
$2,756,494 Price per Acre
44,867 Sq Ft Lot

Last Sold October 21, 2020

Last sale price $450,000

Est. 531% increase in value since last sale

Current estimated payment $16,001/month

480 Days on Market

Highlights

  • Lake Front
  • 1.03 Acre Lot
  • Lot Has A Rolling Slope
  • Golf Course Community
  • Wooded Lot

About This Lot

As of October 2020

Main Channel lakefront with dock rights. A gently laying site over an acre in size makes it easy to design a walk-out basement or crawl space home. A natural sand beach along the shore line is sure to invite any lake lover! Enjoy protected and serene views across the lake. A full golf membership is included in the purchase price.

Last Agent to Sell the Property

Luke Noe

Rarity Bay Properties, LLC License #304073 Listed on: 05/14/2019

Last Buyer's Agent

Susan Akagi

Tellico Lake Realty, LLC License #296851

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,259

Lot Details

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

HOA Fees

  • $93 Monthly HOA Fees

Listing and Financial Details

  • Assessor Parcel Number 078b A 014.00

Community Details

Overview

  • Rarity Bay Subdivision

Recreation

  • Golf Course Community
  • Access To Lake

Property Details

Property Type

Land

Est. Annual Taxes

$5,259

Lot Details

0

HOA Fees

$93 per month

Listing Details

  • Directions: Take I-75 to Loudon Exit (Exit 72) Take Hwy. 72W approx. 13 miles. Take a left onto Rarity Bay Parkway. Go through Bay Pointe gate and turn right onto Bay Pointe Dr. and it's the property right past 220 Bay Pointe Drive Home on your right.
  • Prop. Type: Lots & Acreage
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 1.03
  • Lot Size: irr
  • Subdivision Name: Rarity Bay
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

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

Condo/Co-op/Association

  • Association Fee: 1118.0
  • Association Fee Frequency: Yearly

Lot Info

  • Lot Size Sq Ft: 44866.8
  • Parcel #: 078b A 014.00
  • Zoning Description: Zoned Residential
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 14, 2019
Closed on
Oct 20, 2020
Sold by
Boundy Duane H and Boundy Delores M
Bought by
Fancher Philip John and Fancher Dawn L
Seller's Agent
Luke Noe
Rarity Bay Properties, LLC
Buyer's Agent
Susan Akagi
Tellico Lake Realty, LLC
Sold Price
$450,000
Current Estimated Value
$2,839,189

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,389,189
Avg. Annual Appreciation
46.20%
Original Mortgage
$250,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 24, 2018
Sold by
Cook Kenneth T and Cook Donna M
Bought by
Boundy Duane H and Boundy Delores M

Purchase Details

Listed on
Jul 11, 2011
Closed on
Jun 21, 2012
Sold by
Sloan Charles
Bought by
Cook Kenneth T and Cook Donna M
Seller's Agent
Luke Noe
Rarity Bay Real Estate Company, Inc.
Buyer's Agent
Susan Pollitte
Rarity Bay Real Estate Company, Inc.
Sold Price
$385,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.36%

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
Fancher Philip John $450,000 Tellico Title Services Inc
Boundy Duane H $350,000 None Available
Cook Kenneth T $385,000 --
Sloan Charles $1,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fancher Philip John $945,000
Closed Fancher Philip John $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2020 10/21/20 Sold $450,000 +16.9% --
06/22/2012 06/22/12 Sold $385,000 -- --
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 $5,259 $460,450 $125,000 $335,450
2023 $5,259 $460,450 $0 $0
2022 $1,898 $125,000 $125,000 $0
2021 $1,898 $125,000 $125,000 $0
2020 $2,480 $125,000 $125,000 $0
2019 $2,480 $137,500 $137,500 $0
2018 $2,480 $137,500 $137,500 $0
2017 $2,480 $137,500 $137,500 $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: 1080134

East Tennessee REALTORS® MLS

APN: 078B-A-014.00