NOT LISTED FOR SALE

266 Payne Loop Tellico Plains, TN 37385

Estimated Value: $105,000 - $293,000

9.47 Acres
$22,001 Price per Acre
412,513 Sq Ft Lot

Last Sold May 05, 2023

Last sale price $189,900

Est. 10% increase in value since last sale

Current estimated payment $1,142/month

3 Days on Market

Highlights

  • Mountain View
  • No HOA
  • Level Lot
  • Wooded Lot

About This Lot

As of May 2023

Welcome to 266 Payne Loop in Tellico Plains - located just minutes from the Tellico River and the Cherokee National Forest. These meticulously maintained 9+ acres are set in the hills and offer views of the mountains and gently rolling farmland. Wildlife is plentiful in the area. There is limitless potential here and the property would be well suited for a private home, an RV/glamping resort, a campground or a mini farm. The land lays well. It is partially cleared/ partially wooded and features several fertile garden spots. Other areas have been landscaped with Dogwoods and Maples. A beautiful stand of mature pines creates a park like setting for the extremely well built18 ft w x 40 ft L x approximately 15 ft h RV port. A 30x50 metal barn features a cement floor, insulation, gutters and a 16 ft high door that can easily accommodate several cars or a second RV. Other amenities include a circular driveway, a fire pit, a seasonal creek, water and power to both buildings, 30- and 50-amp power pole, 250 ft deep well that produces 15 gall/min, high speed internet and streaming through Verizon hotspot, access to 46 local TV stations through an antenna. Public water is available at the road. Horses and other animals are welcome. Mobile homes are not permitted.

Last Agent to Sell the Property

Donna Baran

Starr Mountain Realty License #330204 Listed on: 04/13/2023

Last Buyer's Agent

A NON-MEMBER

--NON-MEMBER OFFICE-- License #308195

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $409

Lot Details

  • 9.47 Acre Lot
  • Level Lot
  • Wooded Lot

Property Views

  • Mountain Views

Schools

  • Tellico Plains Elementary School
  • Tellico Plains Jr High Middle School
  • Tellico Plains High School

Utilities

  • Underground Utilities
  • Private Water Source
  • Well
  • Phone Available

Community Details

  • No Home Owners Association
  • None Subdivision

Listing and Financial Details

  • Assessor Parcel Number 116 024.02

Property Details

Property Type

Land

Est. Annual Taxes

$409

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Lot Size Acres: 9.47
  • Lot Size: 298x1052x396x796 irr
  • Subdivision Name: --NONE--
  • Directions: From 68 and Reagan Valley Rd take Reagan Valley Rd to Payne Road. at the split, stay to the left onto Payne Loop. Property is on the right.
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Lot Features: Wooded, Level
  • View: Mountain(s)
  • Waterfront: No
  • Other Structures: See Remarks, Other
  • Lot Features:Level: Yes
  • Lot Features:Wooded: Yes
  • Lot Features:Rolling Slope: Yes

Utilities

  • Sewer: None
  • Utilities: None, Underground Utilities, Water Connected, Water Available, Phone Available, Electricity Available, Electricity Connected
  • Water Source: Private, Well, See Remarks

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Tellico Plains
  • High School: Tellico Plains
  • Middle Or Junior School: Tellico Plains Jr High

Lot Info

  • Lot Size Sq Ft: 412513.2
  • Parcel #: 116 024.02
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 409.29
  • Tax Book Number: 365

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2023
Closed on
May 5, 2023
Sold by
Nielson Gary E and Nielson Vickie A
Bought by
Schaerer Calvin R and Schaerer Marsha M
Seller's Agent
Donna Baran
Starr Mountain Realty
Buyer's Agent
A NON-MEMBER
--NON-MEMBER OFFICE--
List Price
$189,900
Sold Price
$189,900
Views
40
Current Estimated Value
$208,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,448
Avg. Annual Appreciation
3.84%

Purchase Details

Closed on
Dec 23, 2013
Sold by
Hemlock Cove Llc
Bought by
Nielson Gary E and Nielson Vickie A
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
Schaerer Calvin R $189,900 Maryville Title
Schaerer Calvin R $189,900 Maryville Title
Nielson Gary E $71,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/05/2023 05/05/23 Sold $189,900 0.0% --
04/16/2023 04/16/23 Pending -- -- --
04/13/2023 04/13/23 For Sale $189,900 -- --
Source: River Counties Association of REALTORS®

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
2024 $495 $32,475 $21,825 $10,650
2023 $332 $32,975 $21,825 $11,150
2022 $409 $18,275 $18,275 $0
2021 $409 $18,275 $18,275 $0
2020 $409 $18,275 $18,275 $0
2019 $362 $18,275 $18,275 $0
2018 $362 $18,275 $18,275 $0
2017 $179 $8,525 $8,525 $0
2016 $179 $8,525 $8,525 $0
2015 $179 $8,525 $8,525 $0
2014 $179 $8,534 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: River Counties Association of REALTORS®

MLS Number: 20231468

River Counties Association of REALTORS®

APN: 116-024.02