NOT LISTED FOR SALE

2745 New Lake Rd Spring City, TN 37381

Estimated Value: $1,636,000 - $3,121,000

6 Beds
5.5 Baths
6,000 Sq Ft
$402/Sq Ft Est. Value

Last Sold October 20, 2020

Last sale price $1,975,000 $329 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $13,101/month

2 Days on Market

Highlights

  • Lake Front
  • Guest House
  • 3.9 Acre Lot
  • Docks
  • RV Access or Parking
  • Landscaped Professionally

About This Home

As of October 2020

A Tuscany inspired estate aptly named Belle Riva is a rare find and a jewel to behold! Resting on 3.9 waterfront acres with a quarter mile (1/4) of waterfront footage, this property offers unparalleled views of Watts Bar Lake and the surrounding East Tennessee foothills. Consisting of 3 (furnished) custom built villas, warehouse, gardens, boathouse and dock, this property presents various opportunities for permanent residency, vacation home, or personal/work retreat. After only 4 months of ownership, the seller is being relocated. His loss is your gain!

Last Agent to Sell the Property

Debbie Elliott-Sexton

Alliance Sotheby's International License #273664 Listed on: 10/02/2020

Alliance Sotheby's International

Co-Listed By

Blake Pruitt

Alliance Sotheby's International Realty License #327091

Last Buyer's Agent

Non Member Non Member

Non-Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,758

Year Built

  • Built in 1963

Lot Details

  • 3.9 Acre Lot
  • Lake Front
  • Privacy Fence
  • Landscaped Professionally
  • Level Lot
  • Wooded Lot

Parking

  • 3 Car Attached Garage
  • Parking Available
  • Garage Door Opener
  • RV Access or Parking

Property Views

  • Lake
  • Woods
  • Countryside Views
  • Forest

Home Design

  • Brick Exterior Construction
  • Frame Construction
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 6,000 Sq Ft Home
  • Living Quarters
  • Wired For Data
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Drapes & Rods
  • Combination Dining and Living Room
  • Breakfast Room
  • Workshop
  • Storage Room
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Access To Lake
  • Docks
  • Dock Permitted
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Separate Outdoor Workshop
  • Outdoor Storage
  • Storage Shed

Additional Homes

  • Guest House

Schools

  • Rhea County High School

Utilities

  • Zoned Heating and Cooling System
  • Septic Tank
  • Internet Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 043 025.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,758

Year Built

Built in 1963

Lot Details

0

Parking

3

Listing Details

  • Directions: From Knoxville, take I-75 South to exit 60 taking TN 68 toward Sweetwater/ Spring City. Continue 21 miles on Hwy 68 then turn right onto TN-302 N then right into 2745 New Lake Road.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 1963
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 3.9
  • Lot Size: 3.90 acres
  • Co List Office Mls Id: 1408
  • Co List Office Phone: 865-357-3232
  • Architectural Style: Other
  • Property Attached Yn: No
  • Lot Description:Wooded: Yes
  • View:Wooded2: Yes
  • Lot Description:Lake Access: Yes
  • Lot Description:Lakefront: Yes
  • Lot Description:Waterfront Access: Yes
  • View:Lake: Yes
  • View:Lakefront2: Yes
  • General Property Description:Fireplace: Yes
  • General Property Description:SqFt - Main Lvl: 6000.0
  • General Property Description:_pound_ Fireplace: 1.0
  • General Property Description:HOA: No
  • General Property Description:Basement: No
  • General Property Description:Bonus Room: No
  • General Property Description:Extra Storage: Yes
  • AtchdDtchd Type:Detached: Yes
  • Cooling:Central Cooling: Yes
  • Floors:Hardwood: Yes
  • Fuel:Electric: Yes
  • Heat:Central: Yes
  • Dining Area:Eat-in Kitchen: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Misc Features:Internet Available: Yes
  • Misc Features:Walk-in Closets: Yes
  • Misc Features:Walk-in Shower: Yes
  • Misc Features:WasherDryer Connect: Yes
  • Water:Public: Yes
  • Outbuildings:Storage Shed: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Siding:Stone3: Yes
  • Lot Description:Private: Yes
  • Dining Area:Living RmDining Rm: Yes
  • Siding:Brick2: Yes
  • Floors:Tile2: Yes
  • Siding:Wood2: Yes
  • Misc Features:Drapes: Yes
  • Misc Features:Wired for Internet: Yes
  • Dining Area:Breakfast Room2: Yes
  • Outbuildings:Detached Workshop: Yes
  • Outbuildings:Guest House: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Smoke Detector, Self Cleaning Oven, Refrigerator, Microwave, Washer
  • Has Basement: None
  • Fireplace: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Masonry, Gas Log
  • Fireplaces: 1
  • Flooring: Hardwood, Tile
  • Fireplace:Gas Log: Yes
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Smoke Detector: Yes
  • Other Rooms:Extra Storage3: Yes
  • Other Rooms:LaundryUtility: Yes
  • Other Rooms:Mstr Bdrm Main Level: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Other Rooms:Addl Living Quarter: Yes
  • Other Rooms:Workshop: Yes
  • Misc Features:Island in Kitchen: Yes
  • Basement:None14: Yes
  • Fireplace:Masonry2: Yes

Exterior Features

  • Exterior Features: Fence - Privacy, Patio, Porch - Covered, Prof Landscaped, Deck, Balcony, Dock
  • View: Country Setting, Wooded, Lake
  • Lot Features: Waterfront Access, Private, Lakefront, Lake Access, Wooded, Current Dock Permit on File, Level
  • Construction Type: Stone, Wood Siding, Brick, Frame
  • Other Structures: Storage, Workshop, Guest House
  • Construction:Frame: Yes
  • Exterior Features:Deck: Yes
  • Exterior Features:Porch - Covered: Yes
  • Construction:Frame - Brick: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Prof Landscaped: Yes
  • Exterior Features:Balcony: Yes
  • Exterior Features:Fence - Privacy: Yes
  • Exterior Features:Dock: Yes

Garage/Parking

  • GarageParkingGarageSpaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Garage Door Opener, Attached, RV Parking, Main Level
  • GarageParking:Attached2: Yes
  • GarageParking:Garage Door Opener: Yes
  • GarageParking:Main Level: Yes
  • GarageParking:RV Parking: Yes

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes

Schools

  • High School: Rhea County

Lot Info

  • Lot Size Sq Ft: 169884.0
  • Parcel #: 043 025.00
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2020
Closed on
Oct 20, 2020
Sold by
Sanguine Paradise Llc
Bought by
Hoover Anthony and Hoover Denise
Seller's Agent
Debbie Elliott-Sexton
Alliance Sotheby's International
Buyer's Agent
Non Member Non Member
Non-Member Office
Sold Price
$1,975,000
Current Estimated Value
$2,305,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$330,121
Avg. Annual Appreciation
4.25%

Purchase Details

Listed on
Apr 30, 2019
Closed on
Jul 24, 2020
Sold by
Wass Steven Andrew
Bought by
Sanguine Paradise Llc
Seller's Agent
Debbie Elliott-Sexton
Alliance Sotheby's International
Buyer's Agent
Non Member Non Member
Non-Member Office
Sold Price
$1,875,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.51%
Original Mortgage
$400,000
Interest Rate
3.1%
Mortgage Type
Unknown

Purchase Details

Listed on
Apr 30, 2019
Closed on
Jun 17, 2020
Sold by
Stonone Village 1 Llc
Bought by
Wass Steven Andrew
Seller's Agent
Debbie Elliott-Sexton
Alliance Sotheby's International
Buyer's Agent
Non Member Non Member
Non-Member Office
Sold Price
$1,875,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.1%
Mortgage Type
Unknown

Purchase Details

Closed on
May 23, 2014
Sold by
Windsor Pine Properties Of Geo
Bought by
Stone Village 1 Llc

Purchase Details

Closed on
Dec 15, 2011
Sold by
Whitlock Mark
Bought by
Windsor Pine Properties Of Geo

Purchase Details

Closed on
Feb 5, 2010
Sold by
Bowater Inc
Bought by
Whitlock Mark

Purchase Details

Closed on
Nov 30, 1972
Bought by
Hiwassee Land Co

Purchase Details

Closed on
Jul 3, 1957
Bought by
Hiwassee Land Co
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
Hoover Anthony $1,975,000 Admiral Title Inc
Sanguine Paradise Llc -- None Available
Wass Steven Andrew $1,875,000 Admiral Title Inc
Stone Village 1 Llc $1,150,000 --
Windsor Pine Properties Of Geo -- --
Whitlock Mark $369,500 --
Hiwassee Land Co -- --
Hiwassee Land Co -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wass Steven Andrew $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/20/2020 10/20/20 Sold $1,975,000 +5.3% $329 / Sq Ft
06/17/2020 06/17/20 Sold $1,875,000 -- $313 / Sq Ft
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
2024 $5,758 $426,975 $170,625 $256,350
2023 $6,822 $302,550 $146,250 $156,300
2022 $6,822 $302,550 $146,250 $156,300
2021 $6,822 $302,550 $146,250 $156,300
2020 $6,821 $302,550 $146,250 $156,300
2019 $6,821 $302,500 $146,250 $156,250
2018 $5,637 $256,625 $140,250 $116,375
2017 $5,637 $256,625 $140,250 $116,375
2016 $5,472 $249,100 $140,250 $108,850
2015 $5,306 $249,100 $140,250 $108,850
2014 $5,306 $253,075 $140,250 $112,825
2013 -- $253,075 $140,250 $112,825
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1131661

East Tennessee REALTORS® MLS

APN: 043-025.00