NOT LISTED FOR SALE

Estimated Value: $98,553 - $403,000

0.26 Acre
$781,300 Price per Acre
11,326 Sq Ft Lot

Last Sold May 20, 2022

Last sale price $83,750

Est. 143% increase in value since last sale

Current estimated payment $1,184/month

249 Days on Market

Highlights

  • Boat Ramp
  • Access To Lake
  • Gated Community
  • Golf Course Community
  • Fitness Center
  • Lake View

About This Lot

As of May 2022

BEAUTIFUL LAKE AND MOUNTAIN VIEWS for your dream home on this site! Located in picturesque, gated community of RARITY BAY. Lakefront living with championship golf course, fitness center, pool, pickleball and tennis courts, social and charitable volunteer opportunities galore in this family-like community. Access to hiking trails, dog park, and equestrian center. Mandatory Social Membership initiation fee of $5,000 due at closing. Club social dues $200/mo. provides access to fitness center, pool, pickleball and tennis courts as well as dining and regular Club themed activities. Food minimum of $900 per year. HOA $1000/yr. HOA fee at closing $100. Golf membership optional.

Last Agent to Sell the Property

Christina Purcell

ReMax Preferred Properties, In License #352389 Listed on: 07/10/2021

ReMax Preferred Properties, In

Last Buyer's Agent

Bill Floyd

River Rock Real Estate Group License #347493

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $361

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 76x124x122x133
  • Property fronts a private road
  • Lot Has A Rolling Slope
  • Cleared Lot
  • Finished Lot(s)
  • Zoning described as Zoned Residential

HOA Fees

  • $83 Monthly HOA Fees

Property Views

  • Lake
  • Mountain

Utilities

  • Gas Available
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 078G B 038.00 000

Community Details

Overview

  • Rarity Bay Subdivision

Amenities

  • Clubhouse

Recreation

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

Security

  • Security Service
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$361

Lot Details

0

HOA Fees

$83 per month

Listing Details

  • Directions: I-75 to exit 72 (Hwy 72). East 13 miles to Rarity Bay entrance on left. This is a gated community. Agent will provide instructions for entering.
  • Prop. Type: Lots & Acreage
  • Lot Size Acres: 0.26
  • Lot Size: 76x124x122x133
  • Road Frontage Type: Paved
  • Subdivision Name: Rarity Bay
  • Topography:Rolling: Yes
  • Improvements:Utilities on Site: Yes
  • Lot Description:Rolling Slope: Yes
  • View:Mountain View: 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
  • Road Frontage:Private3: Yes
  • Topography:Cleared: Yes
  • Lot Description:Golf Community: Yes
  • View Lake View: Yes
  • Community Amenities LakeWater Access2: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Lake View, Mountain View
  • Lot Features: Golf Community, Rolling, Rolling Slope
  • Topography: Cleared
  • Road Frontage Paved: Yes

Utilities

  • Security: Gated Community
  • Utilities: Cable TV

Condo/Co-op/Association

  • Amenities: Tennis Courts, Swimming Pool, Club House, Other, Golf Course, Recreation Facilities, Security
  • Association Fee: 1000.0
  • 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:Golf Course2: Yes
  • Community Amenities:Putting Greens: Yes
  • Community Amenities:Rec Facilities: Yes
  • Community Amenities:Security2: Yes
  • Community Amenities:Tennis Courts: Yes
  • Community Amenities:Other45: Yes

Lot Info

  • Lot Size Sq Ft: 11325.6
  • Parcel #: 078G B 038.00 000
  • Zoning Description: Zoned Residential

Tax Info

  • Tax Annual Amount: 360.7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2020
Closed on
Apr 21, 2021
Sold by
Craig Patricia A
Bought by
Garrison Timothy W and Garrison Rita M
Seller's Agent
Luke Noe
Rarity Bay Properties, LLC
Buyer's Agent
Christina Purcell
ReMax Preferred Properties, In
Sold Price
$62,500
Current Estimated Value
$203,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,638
Avg. Annual Appreciation
30.33%

Purchase Details

Closed on
Sep 7, 2006
Sold by
Kenneth Franqui
Bought by
Craig Gregory C

Purchase Details

Closed on
Dec 13, 2005
Sold by
R B Xi Company Llc
Bought by
Kenneth Franqui

Purchase Details

Closed on
Jun 19, 2000
Bought by
R B Xi Company Llc
Source: Public Records

Range of Values:

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Average Value
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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
Garrison Timothy W $62,500 Tellico Title Services Inc
Craig Gregory C $242,500 --
Kenneth Franqui $195,000 --
Tellico Lake Properties Lp -- --
R B Xi Company Llc $1,201,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/20/2022 05/20/22 Sold $83,750 -12.3% --
05/10/2022 05/10/22 Pending -- -- --
03/24/2022 03/24/22 Price Changed $95,500 -0.5% --
09/02/2021 09/02/21 For Sale $96,000 +53.6% --
04/27/2021 04/27/21 Sold $62,500 -- -- 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 $285 $18,750 $18,750 --
2023 $285 $18,750 $0 $0
2022 $285 $18,750 $18,750 $0
2021 $285 $18,750 $18,750 $0
2020 $361 $18,750 $18,750 $0
2019 $361 $20,000 $20,000 $0
2018 $361 $20,000 $20,000 $0
2017 $361 $20,000 $20,000 $0
2016 $418 $22,500 $22,500 $0
2015 $418 $22,500 $22,500 $0
2014 $418 $22,500 $22,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1159778

East Tennessee REALTORS® MLS

APN: 078G-B-038.00