NOT LISTED FOR SALE

Estimated Value: $1,596,000 - $2,202,000

0.4 Acre
$4,715,690 Price per Acre
17,424 Sq Ft Lot

Last Sold May 07, 2021

Last sale price $325,000

Est. 480% increase in value since last sale

Current estimated payment $10,669/month

236 Days on Market

Highlights

  • Lake Front
  • Golf Course Community
  • Gated Community
  • Boat Ramp
  • Fitness Center
  • Clubhouse

About This Lot

As of May 2021

Lakefront homesite new to the market! Enjoy this lakefront homesite with a very gentle slope to the lake. Enjoy main channel access while being nestled in an inlet right off the main channel. This site is surrounded by beautiful homes and an easy site to build upon.

Last Agent to Sell the Property

Luke Noe

Rarity Bay Properties, LLC License #304073 Listed on: 08/15/2020

Last Buyer's Agent

Cristeen Floyd

River Rock Real Estate Group License #360234

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $676

Lot Details

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

HOA Fees

  • $76 Monthly HOA Fees

Property Views

  • Lake Views

Utilities

  • Gas Available
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 078j A 017.00

Community Details

Overview

  • Rarity Bay Subdivision

Amenities

  • Clubhouse
  • Community Storage Space

Recreation

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

Security

  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$676

Lot Details

0

HOA Fees

$76 per month

Listing Details

  • Directions: From Knoxville driving I-75s to exit 72. Turn left onto hwy. 72. & drive 13.3 miles to entrance of Rarity Bay on your left. Continue on Rarity Bay Parkway, right onto Watercrest, Right onto Killdeer, then left onto Cormorant. When you pass 240 Cormorant Drive home and it's the next lot on your right.
  • Prop. Type: Lots & Acreage
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 0.4
  • Lot Size: .4 acres
  • Road Frontage Type: Paved
  • Subdivision Name: Rarity Bay
  • Topography:Rolling: Yes
  • Improvements:Utilities on Site: Yes
  • Utilities Available:Cable TV2: 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
  • Lot Description:Private: 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, Private, Rolling
  • Topography: Level
  • Road Frontage Paved: Yes

Utilities

  • Security: Gated Community
  • Utilities: Cable TV

Condo/Co-op/Association

  • Amenities: Tennis Courts, Swimming Pool, Extra Storage, Club House, Golf Course
  • Association Fee: 916.0
  • Association Fee Frequency: Yearly

Association/Amenities

  • Community Amenities:Gated Community: Yes
  • Community Amenities:Architect Restricted: Yes
  • Community Amenities:Club House2: Yes
  • Community Amenities:Swimming Pool: Yes
  • Community Amenities:Boat Ramp: Yes
  • Community Amenities:Dock2: Yes
  • Community Amenities:Exercise Room: Yes
  • Community Amenities:Extra Storage4: Yes
  • Community Amenities:Golf Course2: Yes
  • Community Amenities:Putting Greens: Yes
  • Community Amenities:Tennis Courts: Yes

Lot Info

  • Lot Size Sq Ft: 17424.0
  • Parcel #: 078j A 017.00
  • Zoning Description: Zoned Residential

Tax Info

  • Tax Annual Amount: 676.31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2020
Closed on
May 3, 2021
Sold by
Oblock David S and Trimble Patricia B
Bought by
Vanpelt Arlie Rodney and Vanpelt Linda Luann
Seller's Agent
Luke Noe
Rarity Bay Properties, LLC
Buyer's Agent
Cristeen Floyd
River Rock Real Estate Group
Sold Price
$325,000
Current Estimated Value
$1,886,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,561,276
Avg. Annual Appreciation
50.38%

Purchase Details

Closed on
Jun 11, 2015
Sold by
Stooksbury Robert T
Bought by
Oblock David S and Trimble Patricia B

Purchase Details

Closed on
Jun 2, 2015
Sold by
Tellico Lake Properties Lp
Bought by
Stooksbury Robert T

Purchase Details

Closed on
Dec 19, 2011
Sold by
Tellico Lake Properties Lp
Bought by
Tellico Lake Properties Lp

Purchase Details

Closed on
Mar 22, 2011
Sold by
Rarity Management Co Llc
Bought by
Tellico Lake Properties Lp

Purchase Details

Closed on
Feb 17, 2011
Sold by
Tellico Lake Properties Lp
Bought by
Rarity Management Co Llc

Purchase Details

Closed on
Apr 13, 2007
Sold by
Wolfenbarger William J
Bought by
Tellico Lake Properties Lp

Purchase Details

Closed on
Apr 17, 1998
Bought by
Wolfenbarger William J
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Vanpelt Arlie Rodney $325,000 Tellico Title Services Inc
Oblock David S $125,000 --
Stooksbury Robert T $87,900 --
Tellico Lake Properties Lp -- --
Tellico Lake Properties Lp -- --
Rarity Management Co Llc -- --
Tellico Lake Properties Lp -- --
Wolfenbarger William J $850,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2021 05/07/21 Sold $325,000 -- --
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
2023 $3,784 $319,550 $0 $0
2022 $664 $43,750 $43,750 $0
2021 $664 $43,750 $43,750 $0
2020 $676 $43,750 $43,750 $0
2019 $676 $37,500 $37,500 $0
2018 $676 $37,500 $37,500 $0
2017 $676 $37,500 $37,500 $0
2016 $697 $37,500 $37,500 $0
2015 $697 $37,500 $37,500 $0
2014 -- $37,500 $37,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1126758

East Tennessee REALTORS® MLS

APN: 078J-A-017.00