Seller's Agent in 2021
Joel Farthing
Boone Real Estate
(828) 773-3384
258 Total Sales
3500 Locust Gap Rd Mountain City, TN 37683
Estimated Value: $244,000 - $1,067,000
3
Beds
3
Baths
2,400
Sq Ft
$300/Sq Ft
Est. Value
Highlights
- 40.22 Acre Lot
- Deck
- Wooded Lot
- Creek or Stream View
- Great Room with Fireplace
- Wood Flooring
About This Home
As of November 2021This efficiently designed, hand peeled log home is located on 40 acres of unrestricted and very private land with plenty of marked hiking trails and breathtaking views of the Iron Mountains, Tennessee, Virginia and North Carolina. Located at the end of a gated community and beside the Cherokee National forest and other large tract land owners, you will enjoy ultimate privacy, abundant wildlife, and off grid options with built in generator and spring. Home is equipped with a Viking gas stove, radiant floor heat, plenty of storage and a large root/ wine cellar room on first floor. This fall and winter you will love snuggling up beside the massive wood burning stone fireplace made with locally harvested stone featuring a built in climbing wall for the adventurous soul. Consider additional building sites for expansion, extended family, or rentals. Perfect for a hunting retreat or year round living with the most impressive views in North East TN! Located on the TN side of the TN/NC border in a low tax environment, this home is still convenient to all the amenities of the high country. Boone, Watauga lake and Mountain City are all within a 30 minute drive. Come see this gem today!
Last Agent to Sell the Property
Boone Real Estate License #323688 Listed on: 09/30/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,045
Year Built
- Built in 2001
Lot Details
- 40.22 Acre Lot
- Landscaped
- Sloped Lot
- Wooded Lot
- Property is in good condition
Parking
- 2 Car Detached Garage
- Gravel Driveway
Property Views
- Creek or Stream
- Mountain
Home Design
- Log Cabin
- Log Walls
- Wood Walls
- Metal Roof
- Wood Siding
- Log Siding
Interior Spaces
- 3-Story Property
- Built-In Features
- Double Pane Windows
- Great Room with Fireplace
- 2 Fireplaces
- Living Room
- Dining Room
- Den
- Loft
- Bonus Room
- Play Room
- Workshop
- Home Security System
Kitchen
- Convection Oven
- Gas Range
- Dishwasher
- Solid Surface Countertops
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 3 Bedrooms
- Main Floor Bedroom
- Cedar Closet
- 3 Full Bathrooms
- Garden Bath
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Bedroom in Basement
Outdoor Features
- Balcony
- Deck
- Covered Patio or Porch
- Shed
- Outbuilding
Schools
- Roan Creek Elementary School
- Johnson Co Middle School
- Johnson Co High School
Utilities
- No Cooling
- Hot Water Heating System
- Private Water Source
- Private Sewer
Community Details
- Property has a Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 093 001.03 000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 30, 2021
Closed on
Nov 10, 2021
Sold by
Goodloe Investments Ii Llc
Bought by
Smith Allan R and Smith Holly J
Seller's Agent
Joel Farthing
Boone Real Estate
Buyer's Agent
Joel Farthing
Boone Real Estate
List Price
$749,900
Sold Price
$700,000
Premium/Discount to List
-$49,900
-6.65%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,565
Avg. Annual Appreciation
0.71%
Original Mortgage
$542,500
Interest Rate
3.01%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 20, 2016
Sold by
Brink Kirk Harold
Bought by
Goodloe Investments Ii Llc
Purchase Details
Closed on
Jul 27, 1993
Bought by
Brink Kirk Harold
Purchase Details
Closed on
May 17, 1991
Bought by
Feldhamer Harriet
Purchase Details
Closed on
Jun 8, 1987
Bought by
Reese Robert R
Purchase Details
Closed on
Oct 11, 1982
Bought by
Reese Robert R and Reese Diane
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Smith Allan R | $700,000 | None Available | |
| Goodloe Investments Ii Llc | $560,000 | -- | |
| Brink Kirk Harold | $32,200 | -- | |
| Feldhamer Harriet | $25,000 | -- | |
| Reese Robert R | -- | -- | |
| Reese Robert R | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | Smith Allan R | $542,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/10/2021 11/10/21 | Sold | $700,000 | -6.7% | $292 / Sq Ft |
| 10/13/2021 10/13/21 | Pending | -- | -- | -- |
| 07/01/2021 07/01/21 | For Sale | $749,900 | -- | $312 / Sq Ft |
Source: Tennessee/Virginia Regional MLS
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 | $1,045 | $47,300 | $9,250 | $38,050 |
| 2023 | $1,317 | $59,600 | $21,550 | $38,050 |
| 2022 | $1,079 | $59,600 | $21,550 | $38,050 |
| 2021 | $1,079 | $59,600 | $21,550 | $38,050 |
| 2020 | $1,075 | $59,600 | $21,550 | $38,050 |
| 2019 | $1,075 | $52,450 | $19,575 | $32,875 |
| 2018 | $1,075 | $52,450 | $19,575 | $32,875 |
| 2017 | $1,075 | $52,450 | $19,575 | $32,875 |
| 2016 | $1,075 | $52,450 | $19,575 | $32,875 |
| 2015 | $949 | $52,450 | $19,575 | $32,875 |
| 2014 | -- | $55,525 | $20,575 | $34,950 |
Source: Public Records
Agents Affiliated with this Home
-
Joel Farthing
Map
Source: Tennessee/Virginia Regional MLS
MLS Number: 9924895
APN: 093-001.03
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