NOT LISTED FOR SALE

340 Cormorant Dr Vonore, TN 37885

Tellico Village Neighborhood

Estimated Value: $230,000 - $391,000

0.42 Acre
$665,826 Price per Acre
18,295 Sq Ft Lot

Last Sold April 29, 2022

Last sale price $225,000

Est. 24% increase in value since last sale

Current estimated payment $1,696/month

175 Days on Market

Highlights

  • Lake Front
  • Golf Course Community
  • Gated Community
  • Boat Ramp
  • Fitness Center
  • Community Lake

About This Lot

As of April 2022

Lakefront & Mountain View homesite! This stunning view site enjoys Smoky Mountain Views, Tellico Lake Views, A nature pond, and a 10 acres of TVA land in the rear as a great buffer that's maintained by Rarity Bay. If you are looking for views, nature, & privacy, then look no further. Property comes with a FULL Golf membership.

Last Agent to Sell the Property

Luke Noe

Rarity Bay Properties, LLC License #304073 Listed on: 10/07/2021

Last Buyer's Agent

Brian Kincaid

Keller Williams Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $854

Lot Details

  • 0.42 Acre Lot
  • Lake Front
  • Property fronts a private road
  • Lot Has A Rolling Slope
  • Finished Lot(s)
  • Zoning described as Zoned Residential

HOA Fees

  • $80 Monthly HOA Fees

Property Views

  • Lake
  • Mountain

Utilities

  • Gas Available
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 078J A 029.00

Community Details

Overview

  • Rarity Bay Subdivision
  • Community Lake

Recreation

  • Boat Ramp
  • Boat Dock
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities
  • Fitness Center
  • Community Pool
  • Putting Green
  • Access To Lake
  • Pond
  • Lake, Pond or Stream

Additional Features

  • Clubhouse
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$854

Lot Details

0

HOA Fees

$80 per month

Listing Details

  • Directions: From Knoxville driving I-75s to exit 72. Commute 13.3 miles to entrance of Rarity Bay on your left. Rarity Bay Parkway, Right onto Watercrest, Right onto Killdeer Dr., then left onto Cormorant. Lot sits to the right of 350 Cormorant Dr.
  • Prop. Type: Lots & Acreage
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 0.42
  • Lot Size: F-163 S-142 R-91
  • Subdivision Name: Rarity Bay
  • Topography:Rolling: Yes
  • Improvements:Utilities on Site: Yes
  • View:Mountain View: Yes
  • Utilities Available:Cable TV2: Yes
  • Utilities Available:Electricity4: Yes
  • Utilities Available:Gas3: Yes
  • Utilities Available:Telephone5: Yes
  • Utilities Available:Water5: Yes
  • Property Sub-Type:Single Family2: Yes
  • Utilities Available:Sewer6: Yes
  • Property Sub-Type:Lake Front: Yes
  • Property Sub-Type:Waterfront Access2: Yes
  • Road Frontage:Private3: Yes
  • Lot Description:Lake Access: Yes
  • Lot Description:Lakefront: Yes
  • Lot Description:Waterfront Access: Yes
  • View:Lake: Yes
  • View:Lakefront2: Yes
  • Lot Description:Golf Community: Yes
  • Lot Description:Pond: Yes
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain View, Lake
  • Lot Features: Golf Community, Lake Access, Lakefront, Pond, Rolling, Waterfront Access
  • Road Frontage Paved: Yes

Utilities

  • Security: Gated Community

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Amenities: Clubhouse, Golf Course, Recreation Facilities, Pool, Tennis Court(s)
  • Association Fee: 960.0
  • Association Fee Frequency: Yearly

Association/Amenities

  • Community Amenities:Gated Community: Yes
  • Community Amenities:Architect Restricted: Yes
  • Community Amenities:Club House2: Yes
  • Community Amenities:Sidewalks: Yes
  • Community Amenities:Swimming Pool: Yes
  • Community Amenities:Boat Ramp: Yes
  • Community Amenities:Dock2: Yes
  • Community Amenities:Lake Access2: Yes
  • Community Amenities:Exercise Room: Yes
  • Community Amenities:Golf Course2: Yes
  • Community Amenities:Putting Greens: Yes
  • Community Amenities:Rec Facilities: Yes
  • Community Amenities:Tennis Courts: Yes

Lot Info

  • Lot Size Sq Ft: 18295.2
  • Parcel #: 078J A 029.00
  • Zoning Description: Zoned Residential
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2021
Closed on
Apr 29, 2022
Sold by
Salem Pointe Capital Llc
Bought by
Lockhart Robert J and Lockhart Patricia L
Seller's Agent
Luke Noe
Rarity Bay Properties, LLC
Buyer's Agent
Brian Kincaid
Keller Williams Realty
List Price
$249,900
Sold Price
$225,000
Premium/Discount to List
-$24,900
-9.96%
Current Estimated Value
$279,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,647
Avg. Annual Appreciation
6.90%

Purchase Details

Closed on
Mar 15, 2019
Sold by
Downard Kenneth A and Downard Kathy J
Bought by
Salem Pointe Capital Llc

Purchase Details

Closed on
Sep 28, 2017
Sold by
Palermo Nancy and Palermo Eugene
Bought by
Downard Kenneth A and Downard Kathy J

Purchase Details

Closed on
Feb 7, 2008
Sold by
Palermo Eugene F
Bought by
Nancy Palermo

Purchase Details

Closed on
Jun 20, 2006
Sold by
Entrust Adm Inc Fbo
Bought by
Palermo Eugene F

Purchase Details

Closed on
May 28, 2003
Bought by
Entrust Adm Inc Fbo Betty F Scullen Ira #2760

Purchase Details

Closed on
Oct 7, 1998
Bought by
Bills Ron Alan and Vines William David
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lockhart Robert J $225,000 Paramount Land Title
Salem Pointe Capital Llc -- None Available
Downard Kenneth A $85,000 Tellico Title Services Inc
Nancy Palermo -- --
Palermo Eugene F $259,700 --
Entrust Adm Inc Fbo Betty F Scullen Ira #2760 $210,000 --
Bills Ron Alan $750,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Downard Kenneth A $86,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2022 04/29/22 Sold $225,000 -10.0% --
10/07/2021 10/07/21 For Sale $249,900 +194.0% --
12/29/2017 12/29/17 Sold $85,000 -- --
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
2023 $854 $56,250 $0 $0
2022 $854 $56,250 $56,250 $0
2021 $854 $56,250 $56,250 $0
2020 $1,014 $56,250 $56,250 $0
2019 $1,014 $56,250 $56,250 $0
2018 $1,014 $56,250 $56,250 $0
2017 $1,014 $56,250 $56,250 $0
2016 $1,046 $56,250 $56,250 $0
2015 $1,046 $56,250 $56,250 $0
2014 $1,046 $56,250 $56,250 $0
Source: Public Records

Agents Affiliated with this Home

  • Luke Noe

    Seller's Agent in 2022

    Luke Noe

    Rarity Bay Properties, LLC

    (865) 389-3070

    77 in this area

    177 Total Sales

    Section Image

  • B

    Buyer's Agent in 2022

    Brian Kincaid

    Keller Williams Realty

  • David Connors

    Seller's Agent in 2017

    David Connors

    RE/MAX

    (865) 518-4485

    74 Total Sales

    Section Image

  • E

    Seller Co-Listing Agent in 2017

    Ed Purdy

    RE/MAX

See All Agents

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1169933

East Tennessee REALTORS® MLS

APN: 078J-A-029.00

Tennessee Loudon County Vonore 37885 Tellico Village

340 Cormorant Dr, Vonore, TN

This home is located at 340 Cormorant Dr, Vonore, TN 37885 since 07 October 2021 and is currently estimated at $279,647. 340 Cormorant Dr is a home located in Loudon County with nearby schools including Loudon High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

East Tennessee REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.

Nearby Homes