NOT LISTED FOR SALE

381 Bailey Rd Benton, TN 37307

Estimated Value: $257,286 - $375,000

3 Beds
2 Baths
1,300 Sq Ft
$242/Sq Ft Est. Value

Last Sold November 15, 2024

Last sale price $345,000 $265 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $1,681/month

3 Days on Market

Highlights

  • Barn
  • Gated Parking
  • Open Floorplan
  • Stables
  • Skyline View
  • Deck

About This Home

As of November 2024

Welcome to your dream farmhouse, nestled on 2.25 acres of stunning pasture land with a barn and horse stalls. Enjoy the spacious surroundings while sipping coffee on the deck and taking in the breathtaking sunrise views. This charming home has been completely updated and is move-in ready! Currently operating as an Airbnb, it's perfect as an income property while providing a lovely space for your horses. Whether you plan to live here full-time, host guests, or rent out the property, the opportunities are endless. Step inside to discover a beautifully designed open floor plan. The fully renovated kitchen boasts stainless steel appliances, granite countertops, and picturesque views from two separate windows. With a spacious dining nook that accommodates the whole family, entertaining is a breeze. Down the hallway, you'll find the primary suite adorned with ample windows, leading to an ensuite bathroom that exudes luxury, featuring elegant tile floors and a charming shower. The home includes two additional bedrooms and another full bathroom, making it ideal for hosting guests or accommodating a growing family with its bunkbed arrangement. This gorgeous property offers endless possibilities. Contact us today for more information! All showings my appointment only due to Airbnb schedule.

Last Agent to Sell the Property

Wendy Dixon

Keller Williams Realty License #308654 Listed on: 09/26/2024

Keller Williams Realty

Last Buyer's Agent

Ryan May

Real Estate Partners Chattanooga LLC License #298465

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $423

Year Built

  • Built in 1946 | Remodeled

Lot Details

  • 2.25 Acre Lot
  • Rural Setting
  • Back Yard Fenced
  • Landscaped
  • Level Lot
  • Cleared Lot

Property Views

  • Skyline
  • Pasture
  • Hills
  • Rural
  • Garden

Home Design

  • Block Foundation
  • Aluminum Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,300 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Storage
  • Laundry on main level
  • Storage In Attic
  • Security Gate

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Range
  • Ice Maker
  • Dishwasher
  • Granite Countertops

Flooring

  • Ceramic Tile
  • Luxury Vinyl Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Bathroom
  • 2 Full Bathrooms

Parking

  • Parking Accessed On Kitchen Level
  • Circular Driveway
  • Gravel Driveway
  • Gated Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Fire Pit
  • Exterior Lighting
  • Shed
  • Rain Gutters

Schools

  • Chilhowee Elementary School
  • Polk County Junior High
  • Polk County High School

Farming

  • Barn
  • Farm
  • Pasture

Horse Facilities and Amenities

  • Stables

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Building Fire Alarm

Listing and Financial Details

  • Assessor Parcel Number 036 090.02

Home Details

Home Type

Single Family

Est. Annual Taxes

$423

Year Built

Built in 1946 | Remodeled

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 2.25
  • Lot Size: 2.25 Acres
  • Road Surface Type: Paved
  • Subdivision Name: None
  • Directions: From US-74 E merge onto US-64 E/US-74 E via the ramp to Ocoee. Turn right onto the US-411 ramp to Benton/Chatsworth. Turn left onto US-411 N/Hwy 411 N. Turn right onto Parksville Rd. Turn left onto Bailey Rd. Home will be on the left.
  • Above Grade Finished Sq Ft: 1300.0
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 1300.0
  • New Construction: No
  • Building Stories: 1
  • Structure Type: House
  • Year Built: 1946
  • Cooling:Electric: Yes
  • Appliances Refrigerators: Yes
  • Location Tax and Legal Parcel Number2: 036 090.02
  • Location Tax and Legal Elementary School: Chilhowee Elementary
  • Location Tax and Legal Middle Or Junior School2: Polk County Junior High
  • Location Tax and Legal High School: Polk County High School
  • Location Tax and Legal:Tax Annual Amount: 423.47
  • Location Tax and Legal Additional Parcels YN: No
  • General Property Information Above Grade Finished Area: 1300.0
  • 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 Acres: 2.25
  • General Property Information Lot Size Square Feet2: 98010.0
  • General Property Information Lot Size Dimensions: 2.25 Acres
  • General Property Information View YN2: Yes
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • General Property Information Spa YN: No
  • General Property Information Senior Community YN: No
  • Remarks and Miscellaneous Public Remarks2: Welcome to your dream farmhouse, nestled on 2.25 acres of stunning pasture land with a barn and horse stalls. Enjoy the spacious surroundings while sipping coffee on the deck and taking in the breathtaking sunrise views. This charming home has been completely updated and is move-in ready! Currently operating as an Airbnb, it's perfect as an income property while providing a lovely space for your horses. Whether you plan to live here full-time, host guests, or rent out the property, the opportunities are endless. Step inside to discover a beautifully designed open floor plan. The fully renovated kitchen boasts stainless steel appliances, granite countertops, and picturesque views from two separate windows. With a spacious dining nook that accommodates the whole family, entertaining is a breeze. Down the hallway, you'll find the primary suite adorned with ample windows, leading to an ensuite bathroom that exudes luxury, featuring elegant tile floors and a charming shower. The home includes two additional bedrooms and another full bathroom, making it ideal for hosting guests or accommodating a growing family with its bunkbed arrangement. This gorgeous property offers endless possibilities. Contact us today for more information! All showings my appointment only due to Airbnb schedule.
  • Other Structures:Storage3: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Laundry Features Laundry Closet: Yes
  • Utilities:Electricity Connected: Yes
  • Utilities Water Connected: Yes
  • Property Condition:UpdatedRemodeled: Yes
  • Foundation Details Block2: Yes
  • Levels:One: Yes
  • Fencing Fenced: Yes
  • Interior Features En Suite: Yes
  • General Property Information Stories2: 1
  • Fencing Back Yard: Yes
  • Fencing Gate: Yes
  • Other Structures:Shed(s): Yes
  • Patio And Porch Features Porch - Covered: Yes
  • Architectural Style Ranch: Yes
  • Flooring Luxury Vinyl: Yes
  • Laundry Features:Main Level: Yes
  • Interior Features Breakfast Nook: Yes
  • Lot Features Rural: Yes
  • Parking Features Kitchen Level2: Yes
  • Structure Type:House: Yes
  • View Rural2: Yes
  • Laundry Features:Inside: Yes
  • Security Features:Fire Alarm: Yes
  • Fencing Full2: Yes
  • Lot Features Farm2: Yes
  • Other Structures:Barn(s): Yes
  • Flooring:Ceramic Tile: Yes
  • Security Features:Security Fence: Yes
  • Security Features Security Gate: Yes
  • View Pasture4: Yes
  • Other Structures Stable(s)2: Yes
  • View Hills: Yes
  • View Skyline: Yes
  • Fencing:Barbed Wire: Yes
  • View Garden3: Yes
  • Roof Aluminum3: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Spa Features: None
  • Private Spa: No
  • Appliances: Refrigerator, Ice Maker, Electric Range, Dishwasher
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Ceramic Tile, Luxury Vinyl
  • Interior Amenities: Breakfast Nook, Eat-in Kitchen, En Suite, Granite Counters, High Speed Internet, Open Floorplan, Plumbed, Storage
  • ResoLivingAreaSource: Owner
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Open Floorplan: Yes
  • Attic Features:Storage Only: Yes
  • Appliances:Icemaker: Yes
  • Interior Features:High Speed Internet: Yes
  • Community Features:None4: Yes
  • Interior Features:Granite Counters: Yes
  • Interior Features:Storage2: Yes
  • Fencing Perimeter: Yes

Exterior Features

  • Fencing: Back Yard, Barbed Wire, Fenced, Full, Gate, Perimeter
  • Lot Features: Cleared, Farm, Gentle Sloping, Landscaped, Level, Pasture, Private, Rural, Views
  • Pool Features: None
  • View: Garden, Hills, Pasture, Rural, Skyline
  • View: Yes
  • Waterfront: No
  • Disclosures: None
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Fire Pit, Lighting, Private Yard, Rain Gutters, Storage
  • Foundation Details: Block
  • Other Structures: Barn(s), Shed(s), Stable(s), Storage
  • Patio And Porch Features: Deck, Front Porch, Porch, Porch - Covered, Side Porch
  • Property Condition: Updated/Remodeled
  • Roof: Aluminum, Metal
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Deck: Yes
  • Patio and Porch Features:Porch: Yes
  • Lot Features:Level: Yes
  • Exterior Features:Private Yard: Yes
  • Lot Features:Gentle Sloping: Yes
  • Lot Features:Cleared: Yes
  • Exterior Features:Lighting: Yes
  • Exterior Features:Storage: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Lot Features:Landscaped: Yes
  • Lot Features:Private: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Pasture3: Yes
  • Lot Features:Views: Yes
  • Patio and Porch Features:Side Porch: Yes
  • Exterior Features:Fire Pit: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Circular Driveway, Driveway, Gated, Gravel, Kitchen Level, Off Street
  • General Property Information:Garage YN: No
  • Parking Features:Driveway: Yes
  • Parking Features:Off Street: Yes
  • Parking Features:Gravel: Yes
  • Parking Features:Gated2: Yes
  • Parking Features:Circular Driveway: Yes

Utilities

  • Laundry Features: Inside, Laundry Closet, Main Level
  • Security: Fire Alarm, Security Fence, Security Gate
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Water Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: None
  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Chilhowee Elementary
  • High School: Polk County High School
  • Middle Or Junior School: Polk County Junior High

Lot Info

  • Lot Size Sq Ft: 98010.0
  • Additional Parcels: No
  • Parcel #: 036 090.02
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 423.47

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2024
Closed on
Nov 15, 2024
Sold by
Shabo Malcolm D and Shabo Tina
Bought by
Schimpf Molly H and Wade Taylor Andrew
Seller's Agent
Wendy Dixon
Keller Williams Realty
Buyer's Agent
Ryan May
Real Estate Partners Chattanooga LLC
List Price
$349,900
Sold Price
$345,000
Premium/Discount to List
-$4,900
-1.4%
Views
8
Current Estimated Value
$314,072

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,928
Avg. Annual Appreciation
-8.18%
Original Mortgage
$320,850
Outstanding Balance
$316,910
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
-$2,838

Purchase Details

Closed on
Dec 1, 2016
Sold by
Ward Mavis A
Bought by
Shabo Malcolm D and Shabo Tina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,500
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 10, 2016
Sold by
Ward Kiley Ronald
Bought by
Ward Mavis A and O Jill L Swafford C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,500
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2012
Sold by
Ward Mavis A
Bought by
Ward Jeff
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Schimpf Molly H $345,000 None Listed On Document
Schimpf Molly H $345,000 None Listed On Document
Shabo Malcolm D $52,500 --
Ward Mavis A -- --
Ward Jeff $12,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schimpf Molly H $320,850
Closed Schimpf Molly H $320,850
Previous Owner Shabo Malcolm D $47,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2024 11/15/24 Sold $345,000 -1.4% $265 / Sq Ft
09/29/2024 09/29/24 Pending -- -- --
09/26/2024 09/26/24 For Sale $349,900 -- $269 / 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
2025 $425 $22,875 $5,325 $17,550
2024 $650 $19,225 $2,500 $16,725
2023 $650 $19,225 $0 $0
2022 $310 $12,350 $2,500 $9,850
2021 $405 $12,350 $2,500 $9,850
2020 $405 $12,350 $2,500 $9,850
2019 $405 $12,350 $2,500 $9,850
2018 $405 $12,350 $2,500 $9,850
2017 $337 $10,300 $2,350 $7,950
2016 $324 $10,300 $2,350 $7,950
2015 $325 $10,300 $2,350 $7,950
2014 $324 $10,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1500696

Greater Chattanooga REALTORS®

APN: 036-090.02