NOT LISTED FOR SALE

237 Rome Rd Lancing, TN 37770

Estimated Value: $329,000 - $994,000

257.27 Acres
$2,794 Price per Acre
11,206,680 Sq Ft Lot

Last Sold August 16, 2022

Last sale price $899,000 $635 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $3,912/month

68 Days on Market

Highlights

  • 257.27 Acre Lot
  • Private Lot
  • Lake, Pond or Stream
  • Mountain View
  • Creek On Lot
  • Wooded Lot

About This Lot

As of August 2022

Stunning East TN farm that is gushing with charm and features. There are several beautiful fields located conveniently at the front of the farm with fencing in place for horses and cows. The large black barn built in the late 1940's is pleasingly functional and has a towering hay loft. There are 3 scenic ponds, 2 being stocked.

There is a stunning homesite with massive limby white oaks with 180-degree long range views from East to West allowing for breathtaking sunrise and sunset views from your future dream home. Just behind the homesite and through some more beautiful timber is a secluded cleared spot for your future barn. Utilities include high speed internet, water, and natural gas.

The current home is cozy with too many updates to list. If you like fresh eggs, the large chicke coop is located a short stroll behind the house. If you build another home, this is a great guest house or rental house. There is abundant road frontage on a lovely country road (Rome Rd). The blue line creek runs through the property for approx. 4,500 feet. The topography is rolling allowing for a diverse feel as you ride the numerous UTV trails through the timber. If you enjoy hunting there are great opportunities on this farm for deer, turkey, bear, boar, and small game. The gas line on the back (West) part of the farm is scheduled to be abandoned later in 2022.

Last Agent to Sell the Property

Wes Evans

Whitetail Properties Real Estate, LLC License #340719 Listed on: 04/07/2022

Whitetail Properties Real Estate, LLC

Co-Listed By

Tim Burnette

Whitetail Properties Real Estate, LLC License #311366

Last Buyer's Agent

Wes Evans

Whitetail Properties Real Estate, LLC License #340719 Listed on: 04/07/2022

Whitetail Properties Real Estate, LLC

Property Details

Property Type

  • Land

Lot Details

  • 257.27 Acre Lot
  • Private Lot
  • Lot Has A Rolling Slope
  • Wooded Lot
  • Finished Lot(s)
  • Zoning described as Zoned Agricultural

Property Views

  • Mountain
  • Countryside Views
  • Forest
  • Seasonal

Outdoor Features

  • Creek On Lot
  • Lake, Pond or Stream

Listing and Financial Details

  • Assessor Parcel Number 084 004.00

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Directions: From Wartburg Hwy 62/27 redlight: Head west on TN-62 W toward for 3.3 mi. Turn left to stay on TN-62 W for 4.6 mi. Turn right onto Rome Rd. Listing will be on the left 0.6 mi
  • Prop. Type: Lots & Acreage
  • Lot Size Acres: 257.27
  • Lot Size: 257.27 acres
  • Co List Office Phone: 931-372-1844
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Country Setting, Mountain View, Seasonal Mountain, Wooded
  • Lot Features: Creek, Pond, Private, Rolling, Wooded
  • Topography: {"Partially Cleared":true,"Cleared":true}

Lot Info

  • Lot Size Sq Ft: 11206681.2
  • Parcel #: 084 004.00
  • Zoning Description: Zoned Agricultural
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2022
Closed on
Aug 16, 2022
Sold by
Johnston Family Trust
Bought by
Mcelroy John Edward and Mcelroy Chandra G
Seller's Agent
Wes Evans
Whitetail Properties Real Estate, LLC
Buyer's Agent
Wes Evans
Whitetail Properties Real Estate, LLC
List Price
$899,000
Sold Price
$899,000
Current Estimated Value
$731,337

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$167,663
Avg. Annual Appreciation
-6.29%
Original Mortgage
$642,876
Outstanding Balance
$611,858
Interest Rate
5.3%
Mortgage Type
VA
Estimated Equity
$106,988

Purchase Details

Listed on
Feb 28, 2020
Closed on
May 13, 2020
Sold by
Knox Energy Llc
Bought by
Johnston Robert M and Johnston Sally R
Seller's Agent
Debra Dodd
No 1 Quality Realty
Buyer's Agent
NONMLS NONMLS
List Price
$499,000
Sold Price
$437,500
Premium/Discount to List
-$61,500
-12.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
37.92%

Purchase Details

Listed on
Aug 12, 2011
Closed on
Nov 2, 2012
Sold by
Birchfield Jeffery R
Bought by
Cnx Gas Co Llc
Seller's Agent
Quint Bourgeois
Realty Executives Associates
Buyer's Agent
Quint Bourgeois
Realty Executives Associates
Sold Price
$550,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.99%

Purchase Details

Closed on
Jul 29, 2011
Sold by
Birchfield Jeffery R
Bought by
Mozloom Thomas and Mozloom Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,125
Interest Rate
4.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 14, 1992
Bought by
Birchfield Jeffery R and Birchfield Teresa
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Mcelroy John Edward $899,000 Foundation Title
Johnston Robert M $437,500 None Available
Cnx Gas Co Llc $550,000 --
Mozloom Thomas $349,500 --
Birchfield Jeffery R $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcelroy John Edward $642,876
Previous Owner Mozloom Thomas $262,125
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/16/2022 08/16/22 Sold $899,000 0.0% $635 / Sq Ft
04/06/2022 04/06/22 For Sale $899,000 +105.5% $635 / Sq Ft
05/21/2020 05/21/20 Sold $437,500 -12.3% $309 / Sq Ft View Prior Sale
04/18/2020 04/18/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $499,000 -9.3% $352 / Sq Ft
11/02/2012 11/02/12 Sold $550,000 -- $388 / Sq Ft 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 $1,510 $59,300 $0 $0
2024 $1,510 $55,525 $36,200 $19,325
2023 $1,510 $55,525 $36,200 $19,325
2022 $1,463 $53,800 $36,200 $17,600
2021 $1,463 $53,800 $36,200 $17,600
2020 $4,645 $53,800 $36,200 $17,600
2019 $4,670 $142,825 $128,300 $14,525
2018 $4,670 $142,825 $128,300 $14,525
2017 $4,513 $142,825 $128,300 $14,525
2016 $4,513 $142,825 $128,300 $14,525
2015 $4,428 $142,825 $128,300 $14,525
2014 $4,377 $141,200 $124,750 $16,450
2013 $4,377 $141,202 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1186665

East Tennessee REALTORS® MLS

APN: 084-004.00