NOT LISTED FOR SALE

Estimated Value: $1,378,000 - $2,047,000

1 Acre
$1,679,257 Price per Acre
43,560 Sq Ft Lot

Sale Details

Date Sold: October 29, 2020

Last sale price $425,000

Est. 295% increase in value since last sale

Current estimated payment $9,616 / mo

1569 Days on Market

Highlights

  • Lake Front
  • Golf Course Community
  • Gated Community
  • Boat Ramp
  • Fitness Center
  • 1 Acre Lot

About This Lot

As of October 2020

MAIN Channel on Tellico Lake in Rarity Bay. Estate size homesite at approximately 1 acre and near level site that offers you many options in building your dream home. Priced very aggressive! Full Golf Membership Available.

Last Agent to Sell the Property

Luke Noe

River Rock Real Estate Group License #304073 Listed on: 05/21/2016

Last Buyer's Agent

Luke Noe

Rarity Bay Real Estate Company, Inc.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,323

Lot Details

  • 1 Acre Lot
  • Lake Front
  • Property fronts a private road
  • Level Lot
  • Cleared Lot
  • Zoning described as Zoned Residential

HOA Fees

  • $93 Monthly HOA Fees

Property Views

  • Lake Views

Utilities

  • Gas Available
  • Phone Available

Listing and Financial Details

  • Tax Lot 894r
  • Assessor Parcel Number 078b A 015.00

Community Details

Overview

  • Rarity Bay Subdivision

Recreation

  • Boat Ramp
  • Community Boat Dock
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities
  • Fitness Center
  • Community Pool
  • Putting Green
  • Access To Lake

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$2,323

Lot Details

1 Acres

HOA Fees

$93 per month

Listing Details

  • Directions: From Knoxville driving I-75s to exit 72. Turn Left and proceed 13.3 miles to entrance of Rarity Bay on your left. Continue on Rarity Bay Parkway, proceed through gates of Bay Pointe, turn right onto Bay Pointe Drive, continue to last home on right and 894 homesite is the second site past this home.
  • Prop. Type: Land
  • Lot Size Acres: 1.0
  • Lot Size: 1 acre
  • Road Frontage Type: Paved
  • Subdivision Name: Rarity Bay
  • Easements:Easements: Typical Subdivision, TVA Flowage Easement
  • Improvements:Improvements: Curbs & Gutters, Utilities on Site
  • Lot Description:Lot Description: Golf Community, Waterfront, Level, Lake/Water Access
  • Property Sub-Type:Property Sub-Type: Single Family, Lake Front, Waterfront Access
  • Road Frontage:Road Frontage: Paved, Private
  • Topography:Topography: Level, Partially Cleared
  • Community Amenities:Community Amenities: Rec Facilities, Architect Restricted, Putting Greens, Golf Course, Gated Community, Lake/Water Access, Boat Ramp, Exercise Room, Club House, Dock, Tennis Courts, Swimming Pool
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Lake
  • Lot Features: Golf Community, Waterfront, Lake/Water Access
  • Topography: Level, Partially Cleared

Utilities

  • Security: Gated Community
  • Utilities Available:Utilities Available: Electricity, Gas, Water, Sewer, Telephone

Condo/Co-op/Association

  • Amenities: Recreation Facilities, Golf Course, Lake/Water Access, Boat Ramp, Clubhouse, Tennis Court(s), Pool
  • Association Fee: 1118.0
  • Association Fee Frequency: Yearly

Lot Info

  • Parcel #: 078b A 015.00
  • Zoning Description: Zoned Residential

Tax Info

  • Tax Annual Amount: 2323.38
  • Tax Lot: 894r

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2016
Closed on
Oct 21, 2020
Sold by
Bought by
Seller's Agent
Luke Noe
River Rock Real Estate Group
Buyer's Agent
Luke Noe
Rarity Bay Real Estate Company, Inc.
Sold Price
$425,000
Current Estimated Value
$1,679,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,254,257
Avg. Annual Appreciation
27.26%

Purchase Details

Closed on
Dec 10, 2004
Sold by
Bought by

Purchase Details

Closed on
Feb 27, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$706,633
Interest Rate
5.68%
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$425,000 Tellico Title Services Inc
$600,000 --
$1,400,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $500,000
Closed $706,633
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/29/2020 10/29/20 Sold $425,000 -- --
Source: East Tennessee REALTORS® MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,436 $307,425 $131,250 $176,175
2024 $4,553 $307,425 $131,250 $176,175
2023 $4,553 $307,425 $0 $0
2022 $1,993 $131,250 $131,250 $0
2021 $2,183 $143,750 $143,750 $0
2020 $2,254 $143,750 $143,750 $0
2019 $2,254 $125,000 $125,000 $0
2018 $2,254 $125,000 $125,000 $0
2017 $2,254 $125,000 $125,000 $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: 965775

East Tennessee REALTORS® MLS

APN: 078B-A-015.00

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