NOT LISTED FOR SALE

406 Payne Ln Spring City, TN 37381

Estimated Value: $138,333 - $285,000

3 Beds
1 Bath
1,947 Sq Ft
$110/Sq Ft Est. Value

Last Sold July 14, 2023

Last sale price $250,000 $128 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $1,144/month

44 Days on Market

Highlights

  • Above Ground Pool
  • Deck
  • Porch
  • 2 Acre Lot
  • No HOA
  • Cooling Available

About This Home

As of July 2023

Offering a 3 bedroom /1 bathroom home on 2ac.+/- that is ready for new owners. You will love the open kitchen / living room with wood burning stove to enjoy on the cool mornings. The sellers have added the following new appliances, referigator, surface unit, oven, and dishwasher for the new buyers. The utility room is furnished with a washer and dryer. My favorite room is the enclosed year around front porch where you can sit back and enjoy the views and natural light. The bonus room is off the back deck overlooking the pool area this would be a great hobby room. The pool has a new pool liner and has a deck that has been updated. This property has two outbuilding both have power and one has water installed. Home is under contract with Cooks Pest Control. Call your favorite agent for a showing today.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $800

Year Built

  • Built in 1983

Lot Details

  • 2 Acre Lot
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,947 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Above Ground Pool
  • Deck
  • Porch

Schools

  • Spring City Elementary School
  • Spring City Middle School
  • Rhea County High School

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Natural Gas
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association
  • Valley Dale Sub Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$800

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1983
  • Unit Levels: Three Or More
  • Building Stories: 2
  • Year Built Details: EXIST
  • Attribution Contact: 4236186633
  • Special Features: None
  • Stories: 2

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Fireplace: No
  • Flooring: Laminate, Tile, Vinyl
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Building Area Units: Square Feet
  • Living Area: 1947
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Deck, Covered, Porch
  • Pool Features: Above Ground
  • Pool Private: Yes
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Driveway, Gravel

Utilities

  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Wood Stove, Natural Gas, Central
  • Heating Yn: Yes
  • Security: Security System, Smoke Detector(s)
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 2
  • Lot Size: 2ac
  • Lot Size Units: Acres
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 800

MLS Schools

  • Elementary School: Spring City Elementary
  • High School: Rhea County High School
  • Middle Or Junior School: Spring City Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2023
Closed on
Jul 14, 2023
Sold by
Robbins Pam Le and Moffett Timothy Clayton
Bought by
Delage Mark Ryan and Delage Amanda Paige
List Price
$254,900
Sold Price
$250,000
Premium/Discount to List
-$4,900
-1.92%
Views
257
Current Estimated Value
$214,583

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$35,417
Avg. Annual Appreciation
-6.56%
Original Mortgage
$125,000
Outstanding Balance
$121,962
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$92,621

Purchase Details

Closed on
Aug 15, 2022
Sold by
Sue Moffett Mary
Bought by
Robbins Pam and Moffett Timothy Clayton

Purchase Details

Closed on
Sep 22, 1988
Bought by
Moffett Donald Edward

Purchase Details

Closed on
Jun 27, 1983
Bought by
Runyan Robert Ray and Runyan Rose

Purchase Details

Closed on
Jan 1, 1983

Purchase Details

Closed on
Aug 22, 1977

Purchase Details

Closed on
Jan 3, 1900
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
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
Delage Mark Ryan $250,000 Crossland Title
Robbins Pam -- None Listed On Document
Moffett Donald Edward $3,000 --
Runyan Robert Ray -- --
-- $1,500 --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delage Mark Ryan $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2023 07/14/23 Sold $250,000 -1.9% $128 / Sq Ft
06/22/2023 06/22/23 Pending -- -- --
05/09/2023 05/09/23 For Sale $254,900 -- $131 / Sq Ft
Source: Realtracs

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
2024 $66 $4,925 $4,750 $175
2023 $73 $3,250 $3,125 $125
2022 $73 $3,250 $3,125 $125
2021 $73 $3,250 $3,125 $125
2020 $73 $3,250 $3,125 $125
2019 $73 $3,250 $3,125 $125
2018 $81 $3,675 $3,125 $550
2017 $81 $3,675 $3,125 $550
2016 $71 $3,675 $3,125 $550
2015 $68 $3,250 $3,125 $125
2014 $68 $3,250 $3,125 $125
2013 -- $3,250 $3,125 $125
Source: Public Records

Map

Source: Realtracs

MLS Number: 2955554

Realtracs

APN: 025-001.29