NOT LISTED FOR SALE

345 Mallard Baye Rutledge, TN 37861

Estimated Value: $659,000 - $784,000

3 Beds
3 Baths
2,620 Sq Ft
$277/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $740,000 $282 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,934/month

5 Days on Market

Highlights

  • Lake Front
  • Lake On Lot
  • Deck
  • Docks
  • Open Floorplan
  • Contemporary Architecture

About This Home

As of June 2024

This is only the second time this home has been on the market. The former home of Gordie Reed, a member of the American Power Boat Association's Hall of Fame and holder of three World Records in Power Boat Racing, the home was purchased as a vacation home by a doctor's family to use exclusively as a vacation home a little over three years ago. Rarely used, and with changing family priorities, the home is available for sale again.
The home sits on 0.77 of an acre with 172 feet of lakefront property. And, yes, the covered dock stays. The backyard is large enough to add a swimming pool, just as the neighbors have done recently. A Florida style design with a covered carport, the concrete driveway wraps around the rear of the home providing plenty of parking space for boats and/or recreational vehicles. 1,690 square feet of living space on the main level with an additional 1,690 square feet of basement. The home is being sold fully furnished, with just a few personal items that the family will keep. Three bedrooms and two bathrooms are on the main level. A covered main level rear deck provides views of Cherokee Lake, with the main bedroom also having its own private deck. The basement is partially finished and includes two additional rooms recently converted into bedrooms. One with bunk beds as part of the furniture. That's five bedrooms for large family lake gatherings. There is a bathroom in the basement as well. Please note there was remodeling taking place as the photos were taken. The rooms will be completed in time for the new owners to take over. The basement can be accessed through the driveway, no need to climb steps, and providing its own private entryway. The remainder of the basement has been used as storage and includes a garage door for easier accessibility. The roof was replaced four years ago. The home was painted three years ago. The heat pump was serviced this month. The home has had little use and is in fine shape.
So, bottom line, this property presents opportunities for the new owners. As a vacation rental it provides plenty of space for renters with five rooms of bedroom furniture. As a vacation getaway for the owners, it has all that you need for lake living. Or, as a full-time residence, it allows you to live the lake life fulltime. Tennessee, which has NO State Income Tax and some of the lowest property taxes in the nation. Four full, mild seasons. Within an 8-hour drive of 20 states, and the Great Smoky Mountains in its backyard. Located in Grainger County, with its scenic farmland, but close to all necessary amenities. Jefferson Memorial Hospital is 12.8 miles. Walmart and Lowe's are within 14 miles. You can have all this and access to Cherokee Lake, with its fishing, boating, and recreation activities. Looking for Lake Life, East Tennessee style? This home is for you.
Live the Cherokee Lake Life!

Last Agent to Sell the Property

Felix Valdes

Cherokee Lake Realty License #314535 Listed on: 06/09/2024

Last Buyer's Agent

IAN CULLEN

Tennessee Valley Appraisal Services License #1778

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,275

Year Built

  • Built in 1996

Lot Details

  • 0.77 Acre Lot
  • Lake Front
  • Property fronts a county road
  • Private Entrance
  • Landscaped
  • Cleared Lot
  • Back and Front Yard

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • 2 Carport Spaces

Property Views

  • Lake
  • Mountain

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Slab Foundation
  • Shingle Roof
  • Synthetic Stucco Exterior

Interior Spaces

  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Living Room with Fireplace

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Electric Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Laminate Countertops

Flooring

  • Carpet
  • Concrete

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • Walk-In Closet
  • Bathroom on Main Level
  • 3 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Walk-Up Access
  • Interior and Exterior Basement Entry
  • Block Basement Construction
  • Stubbed For A Bathroom
  • Basement Storage
  • Natural lighting in basement

Outdoor Features

  • Docks
  • Lake On Lot
  • Balcony
  • Deck
  • Covered Patio or Porch

Utilities

  • Cooling Available
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 008.00

Community Details

Overview

  • Association fees include ground maintenance, maintenance structure
  • Mallard Baye Association
  • Mallard Bay Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,275

Year Built

Built in 1996

Lot Details

0.77 Acres

HOA Fees

$8 per month

Parking

1

Listing Details

  • Carport Y N: Yes
  • Year Built: 1996
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 0.77
  • Lot Size: 133/216/176/235
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Water Body Name: Cherokee Lake
  • Subdivision Name: Mallard Bay
  • Directions: Lakeshore Drive coming from Jefferson City, enter Mallard Baye on right. Make immediate right. Follow road, home will be on the left.
  • Above Grade Finished Sq Ft: 1690.0
  • Architectural Style: Contemporary
  • New Construction: No
  • Structure Type: House
  • Location Tax and Legal:Tax Annual Amount: 2274.8
  • Location Tax and Legal:Tax Year2: 2023
  • Location Tax and Legal:Parcel Number2: 008.00
  • General Property Information:Lot Size Acres: 0.77
  • General Property Information:Lot Size Dimensions: 133/216/176/235
  • General Property Information:Waterfront YN: Yes
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • General Property Information:Living Area2: 2620.0
  • General Property Information:Above Grade Finished Area: 1690.0
  • General Property Information:Below Grade Finished Area: 930.0
  • General Property Information:New Construction YN: No
  • General Property Information:Fireplace YN: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Cooling:Heat Pump: Yes
  • Flooring:Carpet: Yes
  • Foundation Details:Block3: Yes
  • Roof:Shingle: Yes
  • Room Types:Basement3: Yes
  • Room Types:Bedroom 2 Level: Main
  • Room Types:Living Room2: Yes
  • General Property Information:Basement YN: Yes
  • View:Mountain(s): Yes
  • Foundation Details:Slab: Yes
  • Laundry Features:Laundry Room: Yes
  • Room Types:Bathroom 2 Level: Main
  • Room Types:Bedroom 3 Level: Main
  • Utilities:Fiber Internet: Yes
  • Road Frontage Type:County Road: Yes
  • Appliances Microwave: Yes
  • Architectural Style:Contemporary: Yes
  • Laundry Features:Main Level: Yes
  • View:Lake3: Yes
  • Water Source:Well: Yes
  • Flooring:Concrete3: Yes
  • Utilities:Water Available: Yes
  • General Property Information:View YN2: Yes
  • Frontage Type:Lakefront: Yes
  • Property Condition:Year Built Effective: 1996
  • Cooling:Ceiling Fan(s): Yes
  • Electric:Circuit Breakers: Yes
  • Property Condition:UpdatedRemodeled: Yes
  • Room Types:Laundry: Yes
  • Special Features: None
  • Year Renovated: 1996

Interior Features

  • Flooring: Carpet, Concrete
  • Appliances: Dishwasher, Dryer, Electric Oven, Electric Range, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer
  • Basement: Bath/Stubbed, Block, Daylight, Exterior Entry, Full, Interior Entry, Partially Finished, Storage Space, Walk-Out Access, Walk-Up Access
  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), High Ceilings, High Speed Internet, Kitchen Island, Laminate Counters, Open Floorplan, Pantry, Walk-In Closet(s), Whirlpool Tub
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 930.0
  • Fireplace Features: Living Room
  • Fireplace: Yes
  • Living Area: 2620.0
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Window Features: Double Pane Windows
  • Appliances Dishwasher: Yes
  • Appliances:Electric Oven: Yes
  • Appliances:Electric Range: Yes
  • Basement:Block: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Fireplace Features:Living Room: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Appliances:Range Hood: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Electric Water Heater: Yes
  • Basement:Exterior Entry: Yes
  • Basement:Walk-Out Access: Yes
  • Full Basement: Yes
  • Interior Features:Whirlpool Tub: Yes
  • Basement:Daylight: Yes
  • Interior Features:Kitchen Island: Yes
  • Interior Features:High Speed Internet: Yes
  • Basement:Interior Entry: Yes
  • Interior Features:Laminate Counters: Yes
  • Interior Features:Breakfast Bar: Yes
  • Interior Features:High Ceilings: Yes
  • Basement:Partially Finished: Yes
  • Interior Features:Eat-In Kitchen2: Yes
  • Interior Features:Open Floorplan: Yes
  • Basement:BathStubbed: Yes
  • Basement:Storage Space: Yes
  • Basement:Walk-Up Access: Yes

Exterior Features

  • Roof: Shingle
  • Exterior Features: Balcony, Dock, Private Entrance, Rain Gutters
  • Lot Features: Lake on Lot, Back Yard, Cleared, Front Yard, Landscaped, Views, Waterfront
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Block, Concrete, Synthetic Stucco
  • Foundation Details: Block, Slab
  • Patio And Porch Features: Covered, Deck, Front Porch, Porch, Rear Porch
  • Property Condition: Updated/Remodeled
  • Construction Materials:Block2: Yes
  • Patio And Porch Features:Deck2: Yes
  • Window Features:Double Pane Windows: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Porch: Yes
  • Exterior Features:Dock: Yes
  • Waterfront Features:Lake Front: Yes
  • Construction Materials:Synthetic Stucco: Yes
  • Exterior Features:Rain Gutters: Yes
  • Exterior Features:Private Entrance: Yes
  • Lot Features:Views: Yes
  • Lot Features:Lake On Lot: Yes
  • Lot Features:Waterfront: Yes
  • Lot Features:Cleared: Yes
  • Lot Features:Landscaped: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Lot Features:Back Yard2: Yes
  • Construction Materials:Concrete2: Yes
  • Exterior Features:Balcony: Yes
  • Lot Features:Front Yard2: Yes
  • Patio And Porch Features:Rear Porch: Yes

Garage/Parking

  • Garage Yn: Yes
  • Attached Garage: Yes
  • Carport Spaces: 2.0
  • Garage Spaces: 1.0
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • General Property Information:Carport YN: Yes
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Carport Spaces2: 2.0

Utilities

  • Cooling: Ceiling Fan(s), Heat Pump
  • Heating: Heat Pump
  • Sewer: Septic Tank
  • Electric: Circuit Breakers
  • Laundry Features: Laundry Room, Main Level
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Available, Electricity Available, Water Available, Fiber Internet
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Amenities: Laundry
  • Association Fee: 100.0
  • Association Fee Frequency: Annually
  • Association Name: Mallard Baye
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 100.0
  • General Property Information:Association Fee Frequency: Annually
  • General Property Information:Association Name: Mallard Baye
  • Association Fee Includes:Maintenance Grounds2: Yes
  • Association Fee Includes:Maintenance Structure2: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Maintenance Structure

Lot Info

  • Lot Size Sq Ft: 33541.2
  • Parcel #: 008.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2274.8
  • Tax Map Number: 076D
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2024
Closed on
Jun 28, 2024
Sold by
Bolder Realty Llc
Bought by
Roseann M Ryle Trust and Ryle
Seller's Agent
Felix Valdes
Cherokee Lake Realty
Buyer's Agent
IAN CULLEN
Tennessee Valley Appraisal Services
List Price
$724,900
Sold Price
$740,000
Premium/Discount to List
$15,100
2.08%
Views
10
Current Estimated Value
$726,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,940
Avg. Annual Appreciation
-1.15%

Purchase Details

Listed on
Jul 11, 2020
Closed on
Nov 12, 2020
Sold by
Reed Helen E
Bought by
Bolder Realty Llc
Seller's Agent
Felix Valdes
Cherokee Lake Realty
Buyer's Agent
Felix Valdes
Cherokee Lake Realty
List Price
$389,900
Sold Price
$385,000
Premium/Discount to List
-$4,900
-1.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.31%
Original Mortgage
$308,000
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Mar 26, 1996
Sold by
Bunch Don
Bought by
Reed Gordon

Purchase Details

Closed on
Aug 19, 1991
Bought by
Bunch Don
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Purchase History

Date Buyer Sale Price Title Company
Roseann M Ryle Trust $740,000 Admiral Title
Bolder Realty Llc $385,000 None Available
Reed Gordon $175,000 --
Bunch Don $625,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bolder Realty Llc $308,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/28/2024 06/28/24 Sold $740,000 +2.1% $282 / Sq Ft
06/14/2024 06/14/24 Pending -- -- --
06/09/2024 06/09/24 For Sale $724,900 +88.3% $277 / Sq Ft
10/18/2020 10/18/20 Sold $385,000 -1.3% $228 / Sq Ft View Prior Sale
07/18/2020 07/18/20 Pending -- -- --
07/11/2020 07/11/20 For Sale $389,900 -- $231 / Sq Ft
Source: Lakeway Area Association of REALTORS®

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
2025 $2,275 $96,800 $31,600 $65,200
2024 $2,275 $96,800 $31,600 $65,200
2023 $2,275 $96,800 $31,600 $65,200
2022 $2,223 $96,800 $31,600 $65,200
2021 $2,223 $96,800 $31,600 $65,200
2020 $1,716 $96,800 $31,600 $65,200
2019 $1,716 $61,300 $10,350 $50,950
2018 $1,483 $61,300 $10,350 $50,950
2017 $1,483 $61,300 $10,350 $50,950
2016 $1,483 $61,300 $10,350 $50,950
2015 $1,621 $61,300 $10,350 $50,950
2014 $1,621 $64,830 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lakeway Area Association of REALTORS®

MLS Number: 703975

Lakeway Area Association of REALTORS®

APN: 076D-A-008.00

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