302 Key Cove Rd Spring City, TN 37381
5
Beds
4
Baths
4,039
Sq Ft
0.5
Acres
Highlights
- Lake Front
- Wood Flooring
- Covered patio or porch
- Docks
- No HOA
- Covered Deck
About This Home
As of April 2024This home on Watts Bar Lake invites you and your favorite people to live on lake time. Offering three levels of true comfort and optimal entertainment, top-notch recreational amenities and dreamy outdoor living all perfectly perched lake-side to relax and enjoy. The large, yet quiet, cove off the main channel of the TN river has year round water. Conveniently Located just 75 minutes from Chattanooga and Knoxville. This spacious open home was designed and built for just this - a multi-family vacation sweet spot! The layout of the main level has an open and enormous kitchen fully equipped for all your culinary needs to feed a crowd. The new stove features a ''air fryer'' oven! The wine fridge is ready for any vintage. The scraped wood floors, solid wood cabinetry and natural stone counters speak to the timeless and durable details found throughout this home. The adjacent dining area is wrapped in windows with dreamy views to the lake and can accommodate a table for 12. The family room and foyer open to the second level lofted balconies as well to the kitchen and dining areas keeping the heart of the home connected and glowing with comfortable seating around the wood burning fireplace and adjacent screened, back deck, a favorite space for many. And, those lake views flow all the way across the back of the house on every level! The best basement ever has lofty 11 ft ceilings and housed all the indoor entertainment with room for an air hockey table, pool table, and media equipment. The entertainment flows out the back doors onto the patio with outdoor TV connections, large Spa and infrared heater. Not enough? Take a few steps down to the lake-side firepit for evening conversations or jump off the dock into that sweet, Tennessee water. Perhaps you're a morning person, l recommend a warm drink dockside while the Mother Nature puts on a show. Or, one of the three decks on the back of the house will do for a similar start to a great day.
Last Agent to Sell the Property
Real Estate Partners Chattanooga, LLC Brokerage Phone: 4238866577 License #324596,306209 Listed on: 04/13/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,324
Year Built
- Built in 2007
Lot Details
- 0.5 Acre Lot
- Lot Dimensions are 106 x206
- Lake Front
- Sloped Lot
- Irrigation
Parking
- 2 Car Garage
- Garage Door Opener
Home Design
- Brick Exterior Construction
- Asphalt Roof
- Stone Siding
Interior Spaces
- Property has 3 Levels
- Wood Burning Fireplace
- <<energyStarQualifiedWindowsToken>>
- Den with Fireplace
- Water Views
- Fire and Smoke Detector
- Finished Basement
Kitchen
- <<microwave>>
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Tile
- Slate Flooring
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
- 4 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Docks
- Covered Deck
- Covered patio or porch
- Outdoor Gas Grill
Schools
- Spring City Elementary School
- Spring City Middle School
- Rhea County High School
Utilities
- Cooling Available
- Central Heating
- Septic Tank
Community Details
- No Home Owners Association
- Keys On The Lake Subdivision
Listing and Financial Details
- Assessor Parcel Number 026E E 00600 000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 13, 2024
Closed on
Apr 24, 2024
Sold by
Our House Trust and Close Travis W
Bought by
Howalt Delores Penley
Seller's Agent
Travis Close
Real Estate Partners Chattanooga, LLC
List Price
$1,500,000
Sold Price
$1,400,000
Premium/Discount to List
-$100,000
-6.67%
Views
16
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.04%
Purchase Details
Closed on
Apr 12, 2022
Sold by
Close Donald W
Bought by
Close Travis W
Purchase Details
Closed on
Apr 9, 2008
Sold by
Close Donald W
Bought by
Close Donald W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,300
Interest Rate
6.08%
Purchase Details
Closed on
Jun 28, 2006
Bought by
Close Donald W Trustee
Purchase Details
Closed on
Oct 19, 1986
Bought by
Shannon Roi and Shannon Debrah
Purchase Details
Closed on
May 10, 1985
Purchase Details
Closed on
Jan 3, 1900
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-
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Commanding a premier position on the banks of the Tennessee River, this extraordinary waterfront residence lies well within the established and highly desirable gates of Lakefront Estates on Watts Bar. Celebrated as a thriving waterfront, this resort-style community is surrounded in deep, year-round water with pristine shorelines is embraced by a peaceful, private ambiance. Purposefully
Linda Brock Real Estate Partners Chattanooga LLC
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,400,000 | Title Guaranty & Trust | |
| Quit Claim Deed | $5,945 | Miller & Martin Pllc | |
| Deed | -- | -- | |
| Warranty Deed | $180,000 | -- | |
| Warranty Deed | $10,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $253,300 | No Value Available | |
| Previous Owner | $245,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/08/2025 05/08/25 | Price Changed | $1,950,000 | -7.1% | $483 / Sq Ft |
| 04/26/2025 04/26/25 | For Sale | $2,100,000 | +50.0% | $520 / Sq Ft |
| 04/24/2024 04/24/24 | Sold | $1,400,000 | -6.7% | $347 / Sq Ft |
| 04/15/2024 04/15/24 | Pending | -- | -- | -- |
| 04/13/2024 04/13/24 | For Sale | $1,500,000 | -- | $371 / Sq Ft |
Source: Realtracs
Tax History Compared to Growth
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 | $5,508 | $408,440 | $54,000 | $354,440 |
| 2023 | $4,324 | $191,750 | $31,250 | $160,500 |
| 2022 | $4,324 | $191,750 | $31,250 | $160,500 |
| 2021 | $4,298 | $190,600 | $31,250 | $159,350 |
| 2020 | $4,298 | $190,600 | $31,250 | $159,350 |
| 2019 | $4,298 | $190,600 | $31,250 | $159,350 |
| 2018 | $3,604 | $164,050 | $31,250 | $132,800 |
| 2017 | $3,604 | $164,050 | $31,250 | $132,800 |
| 2016 | $3,651 | $164,050 | $31,250 | $132,800 |
| 2015 | $3,485 | $166,225 | $31,250 | $134,975 |
| 2014 | $3,485 | $166,225 | $31,250 | $134,975 |
| 2013 | -- | $166,225 | $31,250 | $134,975 |
Source: Public Records
Agents Affiliated with this Home
-
Sophia Chase
S
Seller's Agent in 2025
Sophia Chase
KW Cleveland
(423) 595-8769
371 Total Sales
-
Travis Close
Seller's Agent in 2024
Travis Close
Real Estate Partners Chattanooga, LLC
(423) 488-1882
232 Total Sales
Map
Source: Realtracs
MLS Number: 2711430
APN: 026E-E-006.00
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