NOT LISTED FOR SALE

272 Russell Ave Spring City, TN 37381

Estimated Value: $1,882,674 - $2,085,000

3 Beds
3.5 Baths
1,872 Sq Ft
$1,055/Sq Ft Est. Value

Last Sold June 26, 2020

Last sale price $660,000 $353 Per Sq Ft

Est. 199% increase in value since last sale

Current estimated payment $10,648/month

37 Days on Market

Highlights

  • Docks
  • Deck
  • No HOA
  • 1.63 Acre Lot
  • Valley View
  • Porch

About This Home

As of June 2020

Your own peninsula!!! Experience a gorgeous lakeside panoramic view in this home that sits on approx 1.63 acres with approx 700ft of waterfront. One of a kind find,first time on the market. Inside you will find the living room with cozy wood burning fireplace, kitchen, dining room, spacious master suite with master bath, laundry and powder room. Upstairs you will find 2 guest bedrooms and guest bath. In the basement you have a large workshop and full bath. Every window in this home offers its own unique picturesque water scene of Watts Bar Lake. Have your breakfast on the deck and enjoy your landscaped yard and the gorgeous TN mountains. Bring your boat and your fishing pole to your private dock with electric boat lift. Owner has just installed a new retaining wall ($40K). This truly is one of the nicest lake lot in this area!!

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,416

Year Built

  • Built in 1990

Lot Details

  • 1.63 Acre Lot
  • Lot Dimensions are 400x320
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Shingle Roof

Interior Spaces

  • 1,872 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan
  • Valley Views
  • Fire and Smoke Detector

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Outdoor Features

  • Docks
  • Deck
  • Porch

Schools

  • Spring City Elementary School
  • Spring City Middle School
  • Rhea County High School

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association
  • Torbett Amended Subdivision

Listing and Financial Details

  • Assessor Parcel Number 038J A 00700 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,416

Year Built

Built in 1990

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1990
  • Unit Levels: Three Or More
  • Building Stories: 2
  • Year Built Details: EXIST
  • Attribution Contact: 4235807794
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Ceiling Fan(s), Walk-In Closet(s)
  • Appliances: Dishwasher, Microwave, Refrigerator
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Total Bedrooms: 3
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Building Area Units: Square Feet
  • Living Area: 1872
  • Living Area Units: Square Feet

Exterior Features

  • Exterior Features: Dock
  • Patio And Porch Features: Deck, Porch
  • Pool Private: No
  • Roof: Shingle
  • View: Valley
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Attached, Concrete, Driveway
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Detector(s)
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 1.63
  • Lot Size: 400x320
  • Lot Size Units: Acres
  • Parcel #: 038J A 00700 000
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 2416

MLS Schools

  • Elementary School: Spring City Elementary
  • High School: Rhea County High School
  • Middle Or Junior School: Spring City Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2020
Closed on
Jun 26, 2020
Sold by
Hicks L Leon L and Hicks Nancy W
Bought by
Edrington James Douglas and Edrington Laura A
List Price
$699,900
Sold Price
$660,000
Premium/Discount to List
-$39,900
-5.7%
Current Estimated Value
$1,975,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,315,169
Avg. Annual Appreciation
22.83%
Original Mortgage
$510,400
Outstanding Balance
$453,429
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$1,521,740

Purchase Details

Closed on
Apr 18, 1973
Bought by
Hicks Hicks L and Hicks Nancy
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
Edrington James Douglas $660,000 Northshore T&E Llc
Hicks Hicks L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edrington James Douglas $510,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/26/2020 06/26/20 Sold $660,000 -5.7% $353 / Sq Ft
06/26/2020 06/26/20 Pending -- -- --
05/20/2020 05/20/20 For Sale $699,900 -- $374 / Sq Ft
Source: Realtracs

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 $2,481 $184,000 $82,500 $101,500
2023 $2,829 $125,475 $75,000 $50,475
2022 $2,803 $124,325 $75,000 $49,325
2021 $2,803 $124,325 $75,000 $49,325
2020 $2,686 $124,325 $75,000 $49,325
2019 $2,534 $112,375 $75,000 $37,375
2018 $2,415 $109,925 $75,000 $34,925
2017 $2,416 $110,000 $75,000 $35,000
2016 $2,416 $110,000 $75,000 $35,000
2015 $2,306 $110,000 $75,000 $35,000
2014 $2,306 $110,000 $75,000 $35,000
2013 -- $110,000 $75,000 $35,000
Source: Public Records

Map

Source: Realtracs

MLS Number: 2956154

Realtracs

APN: 038J-A-007.00