NOT LISTED FOR SALE

Estimated Value: $2,167,000 - $2,838,154

0.97 Acre
$2,469,812 Price per Acre
42,253 Sq Ft Lot

Last Sold December 23, 2020

Last sale price $600,000

Est. 299% increase in value since last sale

Current estimated payment $13,320/month

Highlights

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

About This Lot

As of December 2020

Main Channel Lakefront, Gentle Slope to Tellico Lake, .97 acres, a 'rare' gem! Located in the prestigious neighborhood of Bay Pointe in Rarity Bay. Property has rights to apply for a private dock.

Last Agent to Sell the Property

Luke Noe

Rarity Bay Properties, LLC License #304073 Listed on: 01/06/2021

Last Buyer's Agent

Bill Floyd

River Rock Real Estate Group License #347493

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,254

Lot Details

  • 0.97 Acre Lot
  • Lake Front
  • Property fronts a private road
  • Lot Has A Rolling Slope
  • Cleared Lot
  • Finished Lot(s)
  • Zoning described as Zoned Residential

HOA Fees

  • $101 Monthly HOA Fees

Property Views

  • Lake Views

Utilities

  • Gas Available
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 078B A 016.00

Community Details

Overview

  • Rarity Bay Subdivision

Recreation

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

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$2,254

Lot Details

0

HOA Fees

$101 per month

Listing Details

  • Directions: From Knoxville driving South on I-75, take exit 72, turn left and travel 13.3 miles to entrance of Rarity Bay on your left. Continue on Rarity Bay Parkway, Right on Bay Pointe Drive, and look for lot on your right.
  • Prop. Type: Lots & Acreage
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 0.97
  • Lot Size: .97 acres
  • Road Frontage Type: Paved
  • Subdivision Name: Rarity Bay
  • Topography:Rolling: Yes
  • Improvements:Utilities on Site: Yes
  • Utilities Available:Electricity4: Yes
  • Utilities Available:Gas3: Yes
  • Utilities Available:Telephone5: Yes
  • Utilities Available:Water5: Yes
  • Property Sub-Type:Single Family2: Yes
  • Utilities Available:Sewer6: Yes
  • Property Sub-Type:Lake Front: Yes
  • Property Sub-Type:Waterfront Access2: Yes
  • Road Frontage:Private3: Yes
  • View:Lakefront2: Yes
  • Topography:Cleared: Yes
  • Lot Description:Golf Community: Yes
  • View Lake View: Yes
  • Community Amenities LakeWater Access2: Yes
  • Lot Description Waterfront: Yes
  • Lot Description LakeWater Access: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Lake View
  • Lot Features: Waterfront, Lake/Water Access, Golf Community, Rolling
  • Topography: Level, Cleared
  • Road Frontage Paved: Yes

Utilities

  • Security: Gated Community

Condo/Co-op/Association

  • Amenities: Tennis Courts, Club House, Golf Course
  • Association Fee: 1215.0
  • Association Fee Frequency: Yearly

Association/Amenities

  • Community Amenities:Gated Community: Yes
  • Community Amenities:Architect Restricted: Yes
  • Community Amenities:Club House2: Yes
  • Community Amenities:Boat Ramp: Yes
  • Community Amenities:Dock2: Yes
  • Community Amenities:Exercise Room: Yes
  • Community Amenities:Golf Course2: Yes
  • Community Amenities:Putting Greens: Yes
  • Community Amenities:Tennis Courts: Yes

Lot Info

  • Lot Size Sq Ft: 42253.2
  • Parcel #: 078B A 016.00
  • Zoning Description: Zoned Residential

Tax Info

  • Tax Annual Amount: 2254.38

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2021
Closed on
Dec 23, 2020
Sold by
Korn Thomas F and Korn Pamela B
Bought by
Chadwell Thomas A and Chadwell Kristen I
Seller's Agent
Luke Noe
Rarity Bay Properties, LLC
Buyer's Agent
Bill Floyd
River Rock Real Estate Group
Sold Price
$600,000
Current Estimated Value
$2,395,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,795,718
Avg. Annual Appreciation
34.42%

Purchase Details

Closed on
Jul 5, 2012
Sold by
Sloan Charles
Bought by
Korn Thomas F and Korn Revocable Living Trust

Purchase Details

Closed on
Aug 15, 2000
Sold by
Tellico Lake Properties Lp
Bought by
Charles Sloan
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
Chadwell Thomas A $600,000 Tellico Title Services Inc
Korn Thomas F $275,000 --
Charles Sloan $1,000,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2020 12/23/20 Sold $600,000 -- --
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 $2,277 $538,525 $150,000 $388,525
2023 $2,277 $150,000 $0 $0
2022 $2,277 $150,000 $150,000 $0
2021 $2,277 $150,000 $150,000 $0
2020 $2,254 $150,000 $150,000 $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: 1139376

East Tennessee REALTORS® MLS

APN: 078B-A-016.00