NOT LISTED FOR SALE

255 Watson Trace Madisonville, TN 37354

Estimated Value: $397,000 - $455,000

1 Acre
$425,058 Price per Acre
43,560 Sq Ft Lot

Sale Details

Date Sold: April 23, 2021

Last sale price $28,500 $27 Per Sq Ft

Est. 1,391% increase in value since last sale

Current estimated payment $2,416 / mo

48 Days on Market

Highlights

  • Countryside Views
  • Wooded Lot
  • Lot Has A Rolling Slope

About This Lot

As of April 2021

Very nice, partially wooded 1 acre lot with utilities to include city water, electricity and septic tank. Approx 5 miles from downtown Madisonville and a 30 minute scenic drive to Tellico mountains.

Last Agent to Sell the Property

Sheila Martin

Norman Lee Real Estate License #359255 Listed on: 02/24/2021

Last Buyer's Agent

V. Watson

Norman Lee Real Estate License #012056

Property Details

Property Type

  • Land

Lot Details

  • 1 Acre Lot
  • Lot Dimensions are 129x301
  • Lot Has A Rolling Slope
  • Wooded Lot
  • Finished Lot(s)
  • Zoning described as Zoned Residential

Property Views

  • Countryside Views

Community Details

  • County Farm Subdivision

Listing and Financial Details

  • Assessor Parcel Number 091JA 026.00

Property Details

Property Type

Land

Lot Details

1 Acres

Listing Details

  • Directions: From Madisonville, southeast on New Hwy 68 3.2 miles, turn right onto County Farm Road 0.8 miles, turn left onto Watson Trace 0.7 miles. Property on left.
  • Prop. Type: Lots & Acreage
  • Lot Size Acres: 1.0
  • Lot Size: 129x301
  • Subdivision Name: County Farm
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Country Setting
  • Lot Features: Rolling, Wooded

Lot Info

  • Lot Size Sq Ft: 43560.0
  • Parcel #: 091JA 026.00
  • Zoning Description: Zoned Residential
  • ResoLotSizeUnits: Acres

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

Closed on
Jul 16, 2021
Sold by
Bought by
Current Estimated Value
$425,058

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$392,000
Outstanding Balance
$356,550
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$68,508

Purchase Details

Listed on
Feb 24, 2021
Closed on
Apr 23, 2021
Sold by
Bought by
Seller's Agent
Sheila Martin
Norman Lee Real Estate
Buyer's Agent
V. Watson
Norman Lee Real Estate
Sold Price
$28,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
68.83%

Purchase Details

Closed on
Oct 29, 1991
Bought by

Purchase Details

Closed on
Sep 20, 1988
Bought by

Purchase Details

Closed on
Jun 3, 1983
Bought by

Purchase Details

Closed on
Jul 28, 1981

Purchase Details

Closed on
May 20, 1981

Purchase Details

Closed on
Nov 18, 1980
Source: Public Records
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

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
$28,973 None Available
$28,500 None Available
-- --
$34,800 --
-- --
-- --
-- --
-- --
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
Open $392,000
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
04/23/2021 04/23/21 Sold $28,500 -- $27 / Sq Ft
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 $1,600 $105,075 $6,875 $98,200
2024 $1,582 $103,900 $6,875 $97,025
2023 $1,582 $103,900 $6,875 $97,025
2022 $982 $6,250 $6,250 $0
2021 $140 $6,250 $6,250 $0
2020 $140 $6,250 $6,250 $0
2019 $124 $6,250 $6,250 $0
2018 $252 $22,125 $6,250 $15,875
2017 $370 $17,675 $4,800 $12,875
2016 $370 $17,675 $4,800 $12,875
2015 $370 $17,675 $4,800 $12,875
2014 $370 $17,676 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sheila Martin

    Norman Lee Real Estate

    (423) 367-2388

    50 Total Sales

    Sheila Martin
    Section Image
  • V. Watson

    Buyer's Agent in 2021

    V. Watson

    Norman Lee Real Estate

    (423) 253-4700

    34 Total Sales

    V. Watson
    Section Image

  • M

    Buyer's Agent in 2021

    MIKE MOORE

    Horizon Sotheby's International Realty

See All Agents

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1143928

East Tennessee REALTORS® MLS

APN: 091J-A-026.00

Tennessee Monroe County Madisonville 37354

255 Watson Trace, Madisonville, TN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

East Tennessee REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.