NOT LISTED FOR SALE

304 Marshall Dr Spring City, TN 37381

Estimated Value: $561,000 - $1,056,000

3 Beds
2 Baths
2,272 Sq Ft
$379/Sq Ft Est. Value

Last Sold May 19, 2023

Last sale price $820,000 $361 Per Sq Ft

Est. 8% decrease in value since last sale

Current estimated payment $4,414/month

9 Days on Market

Highlights

  • Lake On Lot
  • Open Floorplan
  • Stationary Dock
  • Waterfront
  • Deck
  • Cathedral Ceiling

About This Home

As of May 2023

Embrace this rare opportunity to own a beautifully and completely renovated one level lake home. Enjoy this home's year round water on Watts Bar Lake in Spring City. With over 120 feet of water frontage that opens to the Piney River, this property is the ultimate of retreats. No detail has been overlooked in this meticulously maintained home. Enter the home's foyer and immediately feel the warmth with pine paneling and hardwood oak flooring. Approach the great room with its cathedral ceiling and simply bask in the panoramic lake views. Cooler days are most cozy by the fireplace with direct vent gas logs.

The great room's open flow to the kitchen boasts premium hickory wood cabinetry and granite counters. Enjoy preparing gourmet dinners or lakeside lunches in this chef's dream kitchen with a new stainless refrigerator and range with a convection oven and gas cooktop. The laundry room adjoins the kitchen and offers much pantry storage and houses the home's water softener system and Navien tankless water heater.

Relax in the owner's suite and open the glass doors to the sunroom captivating water views and the beautiful yard. The large walk-in closet and home office space open to the bathroom with pleasant white cabinetry and tile.

Family and friends will enjoy their private spaces in the two bedrooms-one has built in bunk beds that can easily convert to more storage if desired.

The home's renovations also include all new insulated Jeldwin windows, central heating and air and ductwork, Senville mini-split in the sunroom, interior doors and trimwork, exterior doors, shingled asphalt roof, siding, and fully encapsulated crawlspace with a dehumidifier. The new dock accommodates a boat lift, and the dock has fit a pontoon boat.

The two outbuildings are insulated and drywalled, and one of the buildings has electricity. The detached two car garage includes a mobile heater on one side and ample storage above. A separate space attached to the garage could accommodate an art studio, home office, craft room or workshop.

Improve your everyday life or weekend get-away with this well thought out and impeccably maintained home. Make your appointment to preview this property. Information is deemed reliable but not guaranteed, Buyer to verify any and all information they deem important.

Last Agent to Sell the Property

Patti Marsden

Keller Williams Realty License #332606 Listed on: 04/01/2023

Keller Williams Realty

Last Buyer's Agent

Comps Only

COMPS ONLY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,190

Year Built

  • Built in 1992

Lot Details

  • Lot Dimensions are 205.8 x 122.4
  • Waterfront
  • Level Lot

Parking

  • 2 Car Garage
  • Garage Door Opener

Home Design

  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,272 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Gas Log Fireplace
  • Vinyl Clad Windows
  • Insulated Windows
  • Window Treatments
  • Entrance Foyer
  • Great Room with Fireplace
  • Family Room
  • Game Room with Fireplace
  • Basement
  • Crawl Space
  • Storage In Attic
  • Fire and Smoke Detector

Kitchen

  • Convection Oven
  • Free-Standing Gas Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Stationary Dock
  • Lake On Lot
  • Deck
  • Patio
  • Outbuilding
  • Porch

Schools

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

Utilities

  • Dehumidifier
  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Tankless Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 037g C 008.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,190

Year Built

Built in 1992

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size: 205.8 X 122.4
  • Subdivision Name: None
  • Directions: From Chattanooga, take Hwy 27 North and turn right onto Hwy. 68 (Watts Bar Hwy.). Drive 1.4 miles and turn left on New Lake Road. After 1.8 miles, turn right onto Sycamore Road. Drive .2 mile and turn right onto Marshall Lane which ends at driveway to property.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • Living Area: 2272.0
  • New Construction: No
  • Year Built: 1992
  • Cooling:Electric: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Location Tax and Legal Parcel Number2: 037g C 008.00
  • Location Tax and Legal Elementary School: Spring City
  • Location Tax and Legal Middle Or Junior School2: Spring City Elementary & Middle
  • Location Tax and Legal High School: Rhea County High School
  • Location Tax and Legal:Tax Annual Amount: 3189.71
  • Location Tax and Legal Additional Parcels YN: No
  • General Property Information Enhanced Accessible2: No
  • General Property Information New Construction YN: No
  • General Property Information Home Warranty YN: No
  • General Property Information Grazing Permits BLM YN3: No
  • General Property Information Carport YN: No
  • General Property Information Lot Size Dimensions: 205.8 X 122.4
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: Yes
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • General Property Information Senior Community YN: No
  • Utilities:Electricity Available: Yes
  • Utilities Sewer Connected: Yes
  • Utilities Underground Utilities: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Flooring:Hardwood: Yes
  • Flooring:Tile: Yes
  • Interior Features Tub Shower Combo: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Roof:Shingle: Yes
  • Roof Asphalt5: Yes
  • Foundation Details Block2: Yes
  • Security Features:Smoke Detector(s): Yes
  • Levels:One: Yes
  • General Property Information Attached Carport YN2: No
  • Appliances Dryer: Yes
  • Washers: Yes
  • Laundry Features Laundry Room: Yes
  • Other Equipment:Dehumidifier: Yes
  • Other Structures:Out Building: Yes
  • Special Features: None

Interior Features

  • Appliances: Washer, Tankless Water Heater, Refrigerator, Microwave, Free-Standing Gas Range, Dryer, Disposal, Dishwasher, Convection Oven
  • Other Equipment: Dehumidifier
  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Great Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Hardwood, Tile
  • Interior Amenities: Cathedral Ceiling(s), Entrance Foyer, Granite Counters, Open Floorplan, Pantry, Primary Downstairs, Tub/shower Combo, Walk-In Closet(s)
  • Window Features: Insulated Windows, Vinyl Frames, Window Treatments
  • ResoLivingAreaSource: Owner
  • Appliances:Convection Oven: Yes
  • Appliances Dishwasher: Yes
  • Basement:Crawl Space: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Free-Standing Gas Range: Yes
  • Attic Features:Storage Only: Yes
  • Interior Features:Pantry: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Primary Downstairs: Yes
  • Fireplace Features:Gas Log: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Granite Counters: Yes
  • Fireplace Features:Great Room2: Yes
  • Interior Features:Entrance Foyer: Yes
  • Appliances:Tankless Water Heater: Yes

Exterior Features

  • Lot Features: Lake On Lot, Level, Other
  • View: No
  • Waterfront: Yes
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Dock - Stationary
  • Foundation Details: Block
  • Other Structures: Outbuilding
  • Patio And Porch Features: Deck, Patio, Porch
  • Roof: Asphalt, Shingle
  • Exterior Features:Dock - Stationary: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Window Features:Vinyl Frames: Yes
  • Lot Features:Level: Yes
  • Window Features:Insulated Windows: Yes
  • Window Features:Window Treatments: Yes
  • Lot Features:Lake On Lot: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Garage Door Opener
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: No
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room, Washer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Natural Gas
  • Heating Yn: Yes
  • Utilities: Electricity Available, Sewer Connected, Underground Utilities
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Additional Parcels: No
  • Parcel #: 037g C 008.00

Tax Info

  • Tax Annual Amount: 3189.71

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2023
Closed on
May 19, 2023
Sold by
Chizek Perry and Chizek Martha
Bought by
Morgan Doug and Morgan Beverley
Seller's Agent
Patti Marsden
Keller Williams Realty
Buyer's Agent
Comps Only
COMPS ONLY
List Price
$845,000
Sold Price
$820,000
Premium/Discount to List
-$25,000
-2.96%
Views
65
Current Estimated Value
$756,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$63,712
Avg. Annual Appreciation
1.34%
Original Mortgage
$573,000
Outstanding Balance
$560,431
Interest Rate
6.28%
Mortgage Type
New Conventional
Estimated Equity
$284,265

Purchase Details

Closed on
Nov 16, 2015
Sold by
Kirchner Beasley Shelly
Bought by
Chizek Perry and Chizek Martha

Purchase Details

Closed on
Feb 20, 2008
Sold by
Ryan Beasley Matthew
Bought by
Kirchner Beasley Shelly

Purchase Details

Closed on
Oct 1, 1999
Sold by
Isaacs Glenn H
Bought by
Isaacs Shelly K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,500
Interest Rate
7.79%

Purchase Details

Closed on
Apr 12, 1990
Bought by
Isaacs Glenn H and Isaacs Shelly K

Purchase Details

Closed on
Jul 25, 1988
Bought by
Marshall Marshall A and Marshall Pauline
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
Morgan Doug $820,000 None Listed On Document
Chizek Perry $280,000 --
Kirchner Beasley Shelly -- --
Isaacs Shelly K -- --
Isaacs Glenn H $26,000 --
Marshall Marshall A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morgan Doug $573,000
Previous Owner Chizek Perry $276,990
Previous Owner Chizek Perry $132,000
Previous Owner Chizek Perry $100,000
Previous Owner Chizek Perry $141,000
Previous Owner Chizek Perry $100,000
Previous Owner Beasley Shelly K $40,000
Previous Owner Beasley Matthew R $180,000
Previous Owner Kirchner Shelly A $92,400
Previous Owner Marshall Marshall A $92,500
Previous Owner Glenn Isaacs $15,040
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2023 05/19/23 Sold $820,000 -3.0% $361 / Sq Ft
04/16/2023 04/16/23 Off Market $845,000 -- --
04/01/2023 04/01/23 For Sale $845,000 -- $372 / Sq Ft
Source: Greater Chattanooga 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 -- $200,325 $93,750 $106,575
2023 $3,272 $85,550 $32,500 $53,050
2022 $3,189 $84,500 $32,500 $52,000
2021 $3,131 $84,500 $32,500 $52,000
2020 $2,843 $84,500 $32,500 $52,000
2019 $2,843 $84,500 $32,500 $52,000
2018 $2,601 $78,675 $36,250 $42,425
2017 $2,242 $78,675 $36,250 $42,425
2016 $2,242 $71,000 $36,250 $34,750
2015 $2,171 $71,000 $36,250 $34,750
2014 $1,489 $71,000 $36,250 $34,750
2013 -- $71,000 $36,250 $34,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1370626

Greater Chattanooga REALTORS®

APN: 037G-C-008.00