NOT LISTED FOR SALE

450 Tack Trail Speedwell, TN 37870

Estimated Value: $1,038,000 - $2,019,394

6 Beds
5.5 Baths
2,840 Sq Ft
$521/Sq Ft Est. Value

Last Sold February 10, 2023

Last sale price $1,490,000 $525 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $8,350/month

50 Days on Market

Highlights

  • Lake Front
  • New Construction
  • Deck
  • Boat Ramp
  • Clubhouse
  • Contemporary Architecture

About This Home

As of February 2023

Located in the pristine Overlook Bay Community in the cove across from Flat Hollow Marina, this 2840sqft new build is turnkey ready w/furnishings for short term vacation rentals, or ideal as a second or retirement home. Gently sloping, w/no-steps to the included lakefront covered dock, this property features high end finishes including an outdoor kitchen under the huge covered main lvl deck, slate patio w/hot tub & firepit, covered front porch w/ample concrete parking, & kitchenette in the lower lvl family room & second outdoor patio down close to the lake & dock. With 6 spacious bedrooms & 5 & 1 half bathrooms, including the Owner's Suite w/adjoining first floor laundry, enjoy the best of lake life under soaring cathedral ceilings in the great room w/views to the marina & main channel. Enjoy the amenities of the Overlook Bay community as well, including the boat launch, community barn, additional slips free for any member's use, picnic area and overflow parking for vehicles and trailers alike. Can be custom built on your lot anywhere around the Norris Lake area as well, inquire for pricing.

Last Agent to Sell the Property

Tom Sturm

Tennessee Home Finders, LLC License #311264 Listed on: 11/29/2022

Tennessee Home Finders, LLC

Last Buyer's Agent

Steven Hensley

VFL Real Estate, Realty Executives License #345084

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $542

Year Built

  • Built in 2022 | New Construction

Lot Details

  • 2.14 Acre Lot
  • Lake Front
  • Irregular Lot

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Traditional Architecture
  • Frame Construction

Interior Spaces

  • 2,840 Sq Ft Home
  • Cathedral Ceiling
  • Living Room
  • Dining Room
  • Recreation Room
  • Bonus Room
  • Utility Room
  • Vinyl Flooring
  • Lake Views
  • Fire and Smoke Detector
  • Finished Basement

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Outdoor Features

  • Deck
  • Patio

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 079N A 016.00

Community Details

Overview

  • Overlook Bay Subdivision
  • Mandatory home owners association

Amenities

  • Picnic Area
  • Clubhouse

Recreation

  • Boat Ramp

Home Details

Home Type

Single Family

Est. Annual Taxes

$542

Year Built

Built in 2022 | New Construction

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Directions: From TN63-E - Turn right onto Mercury Dr, Turn left onto Old Middlesboro Hwy, Turn right onto Flat Hollow Rd, Turn right onto Captain Brown Ln, Continue straight onto Saddle Ridge Dr, Turn left onto Bridle Way, Turn right onto Tack Trl
  • Property Sub Type: Single Family Residence
  • Prop. Type: Single Family
  • Year Built: 2022
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 2.14
  • Subdivision Name: Overlook Bay
  • Architectural Style: Contemporary, Traditional
  • Property Attached Yn: No
  • Lot Description:Irregular Lot: Yes
  • Lot Description:Lakefront: Yes
  • Lot Description:Waterfront Access: Yes
  • View:Lake: Yes
  • View:Lakefront2: Yes
  • General Property Description:Fireplace: No
  • General Property Description:SqFt - Main Lvl: 1500.0
  • General Property Description:SqFt - Down Lvl: 1340.0
  • General Property Description:HOA: Mandatory
  • General Property Description:Basement: Yes
  • General Property Description:Bonus Room: No
  • AtchdDtchd Type:Detached: Yes
  • Cooling:Central Cooling: Yes
  • Floors:Vinyl: Yes
  • Fuel:Electric: Yes
  • Fuel:Gas (Natural): Yes
  • Heat:Central: Yes
  • Dining Area:Eat-in Kitchen: Yes
  • Appliances Microwave: Yes
  • Misc Features:Walk-in Closets: Yes
  • Misc Features:WasherDryer Connect: Yes
  • Percent Basement Finished: Yes
  • Misc Features:Cathedral Ceiling: Yes
  • General Property Description:New Construction: Never Occupied
  • Siding:Fiber Cement: Yes
  • Location Tax Legal Info:Property Sub-Type: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Disposal, Microwave
  • Basement YN: Yes
  • Has Basement: Finished
  • Fireplace: No
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: None
  • Flooring: Vinyl
  • Interior Amenities: Walk-In Closet(s), Cathedral Ceiling(s), Eat-in Kitchen
  • Appliances:Smoke Detector: Yes
  • Other Rooms:LaundryUtility: Yes
  • Fireplace:None15: Yes

Exterior Features

  • View: Lake
  • Lot Features: Lake/Water Access, Lakefront, Irregular Lot
  • Construction Type: Fiber Cement, Frame
  • Patio And Porch Features: Patio, Deck
  • Construction:Frame: Yes
  • Exterior Features:Deck: Yes
  • Exterior Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off-Street Parking
  • GarageParking:Off-Street Parking: Yes

Utilities

  • Cooling: Central Cooling
  • Sewer: Septic Tank
  • Security: Smoke Detector
  • Cooling Y N: Yes
  • Heating: Central, Natural Gas, Electric
  • Heating Yn: Yes
  • Water Source: Well
  • Sewer Septic Tank: Yes
  • Water Well: Yes

Condo/Co-op/Association

  • Amenities: Club House
  • Association Fee: 25.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Community Amenities:Club House2: Yes
  • Community Amenities:Boat Ramp: Yes
  • Community Amenities:PicnicBarbeque Area: Yes

Lot Info

  • Lot Size Sq Ft: 93218.4
  • Parcel #: 079N A 016.00

Tax Info

  • Tax Annual Amount: 542.3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2022
Closed on
Mar 20, 2023
Sold by
Kopp Ryan Wayne and Kopp Jennifer L
Bought by
Toasted Marshmallow Llc
Seller's Agent
Tom Sturm
Tennessee Home Finders, LLC
Buyer's Agent
Steven Hensley
VFL Real Estate, Realty Executives
List Price
$1,800,000
Sold Price
$1,490,000
Premium/Discount to List
-$310,000
-17.22%
Views
1
Current Estimated Value
$1,478,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,401
Avg. Annual Appreciation
-7.30%
Original Mortgage
$1,090,000
Interest Rate
5.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 29, 2022
Closed on
Feb 10, 2023
Sold by
Laross Llc
Bought by
Kopp Ryan Wayne and Kopp Jennifer L
Seller's Agent
Tom Sturm
Tennessee Home Finders, LLC
Buyer's Agent
Steven Hensley
VFL Real Estate, Realty Executives
List Price
$1,800,000
Sold Price
$1,490,000
Premium/Discount to List
-$310,000
-17.22%
Views
1

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,090,000
Interest Rate
5.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 15, 2022
Sold by
David Duff James and David Renee L
Bought by
Laross Llc and B&W Development Llc

Purchase Details

Closed on
Mar 24, 2006
Sold by
Tn Land Partners Llc
Bought by
Duff James David and Duff Renee L
Source: Public Records

Range of Values:

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Average Value
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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
Toasted Marshmallow Llc -- None Listed On Document
Kopp Ryan Wayne $1,490,000 Concord Title
Kopp Ryan Wayne $1,490,000 Concord Title
Laross Llc $230,000 None Listed On Document
Duff James David $214,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kopp Ryan Wayne $1,090,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/06/2025 02/06/25 Off Market $1,490,000 -- --
02/10/2023 02/10/23 Sold $1,490,000 -11.8% $525 / Sq Ft
01/19/2023 01/19/23 Pending -- -- --
01/18/2023 01/18/23 Price Changed $1,690,000 -6.1% $595 / Sq Ft
11/29/2022 11/29/22 For Sale $1,800,000 -- $634 / Sq Ft
Source: East Tennessee REALTORS® MLS

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 $3,955 $325,350 $114,775 $210,575
2023 $3,127 $151,350 $26,250 $125,100
2022 $542 $26,250 $26,250 $0
2021 $542 $26,250 $26,250 $0
2020 $531 $26,250 $26,250 $0
2019 $542 $26,250 $26,250 $0
2018 $1,238 $55,000 $55,000 $0
2017 $1,238 $55,000 $55,000 $0
2016 $1,238 $55,000 $55,000 $0
2015 $1,095 $55,000 $55,000 $0
2014 $1,095 $55,000 $55,000 $0
2013 -- $55,000 $55,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1212726

East Tennessee REALTORS® MLS

APN: 079N-A-016.00