358 Baye Rd Rutledge, TN 37861
3
Beds
3
Baths
2,598
Sq Ft
1.08
Acres
Highlights
- Lake Front
- Lake On Lot
- Open Floorplan
- Docks
- Panoramic View
- Community Lake
About This Home
As of August 2023Lakeview. Lakefront. Over one acre of land. All-brick low maintenance home. Is this what you've been searching for? Then STOP. This is it!
Most homes in lakefront communities are on less than one acre of land. Why? Lakefront developers will typically cut up the lots to an average of half an acre. At this size they can sell more lots. More lots to sell, more profit. Not this one. Look at aerial photos. You want a front yard. You've got it. You want a backyard. You've got it. You want to install a swimming pool. You have the space for it. 160 feet of dockable lakefront land. What does that mean? On a lot (no pun intended) of TVA controlled lakefronts, Cherokee Lake included, TVA will not grant you a permit to build a dock. Here you can. There is an existing small dock that stays with the property. But you want to upgrade? Build a bigger one? You can. The permit can be transferred.
All brick construction with vinyl soffit and fascia on the home's exterior. Enjoy Lake Life without worrying about painting/staining the exterior walls, overhangs, and eaves. And the cost that this adds to home ownership. An open floor plan. LVP Flooring in the living and bedroom areas. One of the most durable flooring options out there. It can withstand water and moisture, as well as wear and tear. Luxury tile in other areas of the home. A partially finished basement with extra space. A two-car garage at the entrance to the home, with a second garage, fronting the lake. Use this space for water toys, a workshop, or as the current homeowner has done, extra storage. The home had a new roof installed last year as well as a new well pump with a water softener system. Tennessee, a state that offers the advantage of NO State Income Tax and some of the lowest property tax rates in the nation. Four full, mild seasons. When there is 4 feet of snow on the ground up north, the ground is barely moist here! Within an 8-hour drive of 20 neighboring states, and the Great Smoky Mountains in its backyard. You can have this and access to Cherokee Lake, with its world-renowned 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
Cherokee Lake Realty License #314535 Listed on: 06/18/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,757
Year Built
- Built in 1998 | Remodeled
Lot Details
- 1.08 Acre Lot
- Lake Front
- Property fronts a county road
- Landscaped
- Gentle Sloping Lot
- Back and Front Yard
HOA Fees
- $8 Monthly HOA Fees
Parking
- 2 Car Direct Access Garage
- Garage Door Opener
- Driveway
- Additional Parking
- Open Parking
Property Views
- Lake
- Panoramic
- Mountain
Home Design
- Brick Exterior Construction
- Concrete Foundation
- Block Foundation
- Slab Foundation
- Shingle Roof
Interior Spaces
- 2-Story Property
- Open Floorplan
- Cathedral Ceiling
- Ceiling Fan
- Insulated Windows
- Window Screens
- Entrance Foyer
- Great Room with Fireplace
- Bonus Room
- Fire and Smoke Detector
Kitchen
- Eat-In Kitchen
- Electric Range
- Range Hood
- Microwave
- Dishwasher
- ENERGY STAR Qualified Appliances
- Kitchen Island
- Laminate Countertops
Flooring
- Concrete
- Tile
- Luxury Vinyl Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Main Floor Bedroom
- Dual Closets
- Walk-In Closet
- Bathroom on Main Level
- 3 Full Bathrooms
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
- Basement Storage
Outdoor Features
- Docks
- Lake On Lot
- Lake Privileges
- Deck
- Outdoor Storage
Schools
- Rutledge Middle School
- Grainger High School
Utilities
- Cooling Available
- Heat Pump System
- 200+ Amp Service
- Well
- Electric Water Heater
- Septic Tank
- High Speed Internet
- Cable TV Available
Community Details
- Association fees include ground maintenance, maintenance structure
- Mallard Baye Association
- Mallard Bay Subdivision
- Maintained Community
- Community Lake
Listing and Financial Details
- Assessor Parcel Number 008.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 18, 2023
Closed on
Aug 24, 2023
Sold by
Rutherford Mica Smith
Bought by
Hanson Daniel E
Seller's Agent
Felix Valdes
Cherokee Lake Realty
Buyer's Agent
IAN CULLEN
Tennessee Valley Appraisal Services
List Price
$769,900
Sold Price
$725,000
Premium/Discount to List
-$44,900
-5.83%
Views
72
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
-$8,434
Avg. Annual Appreciation
0.03%
Original Mortgage
$548,000
Outstanding Balance
$538,620
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$186,780
Purchase Details
Listed on
Apr 2, 2018
Closed on
May 30, 2018
Sold by
Davis Don S and Davis Elizabeth G
Bought by
Rutherford Mica Smith
Seller's Agent
Mike Newman
Home & Garden Real Estate
Buyer's Agent
Phyllis Reed
Clinch Mountain Realty & Aucti
Sold Price
$274,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.41%
Original Mortgage
$274,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 13, 2000
Sold by
Jones Steve
Bought by
Davis Don
Purchase Details
Closed on
Jan 28, 2000
Bought by
Jones Steve
Purchase Details
Closed on
Oct 15, 1996
Sold by
Collins Doug
Bought by
Fields Alex
Purchase Details
Closed on
Aug 19, 1991
Bought by
Bunch Don
Similar Homes in Rutledge, TN
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 | $725,000 | Admiral Title | |
| Warranty Deed | $274,000 | Lakeway Title Services | |
| Deed | $229,000 | -- | |
| Deed | $225,000 | -- | |
| Deed | $142,500 | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $548,000 | New Conventional | |
| Previous Owner | $274,000 | Purchase Money Mortgage | |
| Previous Owner | $170,065 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/25/2023 08/25/23 | Sold | $725,000 | -5.8% | $279 / Sq Ft |
| 06/22/2023 06/22/23 | Pending | -- | -- | -- |
| 06/18/2023 06/18/23 | For Sale | $769,900 | +181.0% | $296 / Sq Ft |
| 05/30/2018 05/30/18 | Sold | $274,000 | -- | $146 / Sq Ft |
Source: Lakeway Area Association of REALTORS®
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 | $1,798 | $76,525 | $11,825 | $64,700 |
| 2023 | $1,798 | $76,525 | $11,825 | $64,700 |
| 2022 | $1,757 | $76,525 | $11,825 | $64,700 |
| 2021 | $1,757 | $76,525 | $11,825 | $64,700 |
| 2020 | $1,968 | $76,525 | $11,825 | $64,700 |
| 2019 | $1,968 | $70,275 | $8,725 | $61,550 |
| 2018 | $1,701 | $70,275 | $8,725 | $61,550 |
| 2017 | $1,701 | $70,275 | $8,725 | $61,550 |
| 2016 | $1,701 | $70,275 | $8,725 | $61,550 |
| 2015 | $1,881 | $70,275 | $8,725 | $61,550 |
| 2014 | $1,881 | $75,222 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
F
Seller's Agent in 2023
Felix Valdes
Cherokee Lake Realty
(865) 471-8222
250 Total Sales
-
I
Buyer's Agent in 2023
IAN CULLEN
Tennessee Valley Appraisal Services
(423) 746-0027
3,090 Total Sales
-
N
Buyer's Agent in 2023
Non Member
Non Member - Sales
-
M
Seller's Agent in 2018
Mike Newman
Home & Garden Real Estate
(865) 932-7000
134 Total Sales
-
P
Buyer's Agent in 2018
Phyllis Reed
Clinch Mountain Realty & Aucti
Map
Source: Lakeway Area Association of REALTORS®
MLS Number: 700178
APN: 069M-C-008.00
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