2br./1.5ba. vinyl siding rancher on a 1.10 acre lot. Good floor plan with no wasted hall space. Single car attached garage, large front porch. In close proximity to all Spring City's amenities. Property is owned by the US Dept. of HUD. HUD case # 481-478565. FHA financing IE (Insured Escrow). 203K Eligible (YES). Subject to an FHA appraisal. Buyer selects closing agent/firm. Seller makes no representations or warranties as to property condition. HUD homes are sold as-is. Equal Housing Opportunity. Housing type, age, square footage, lot size, total rooms, bedroom and bath count per HUD appraisal. Taxes per Rhea County Assessor. Water and sewer source per Town of Spring City. Buyer(s) to verify all information. City restrictions. www.olympusams-at.com/www.HudHhomeStore.gov. Property at cross streets of Lavender Street and W. Magaffin Avenue.
Directions: From Cleveland. Hwy 60 to Dayton Hwy 27 exit. Continue north to Spring City. Left on Piccadilly Ave. Left on Lavender St. Property will be on right side of road.
Above Grade Finished Sq Ft: 1038.0
Architectural Style: Ranch
Carport Y N: No
Garage Yn: Yes
Unit Levels: One
New Construction: No
Year Built: 1953
General Property Information:Living Area2: 1038.0
Special Features: None
Interior Features
Basement: Crawl Space
Appliances: Electric Range, Electric Water Heater, Exhaust Fan
Interior Amenities: Open Floorplan
Other Equipment: None
Basement YN: No
Full Bathrooms: 1
Half Bathrooms: 1
Total Bedrooms: 2
Flooring: Laminate
Living Area: 1038.0
Appliances:Electric Range: Yes
Appliances:Electric Water Heater: Yes
Community Features:None3: Yes
Interior Features:Open Floorplan: Yes
Basement:Crawl Space: Yes
Appliances:Exhaust Fan: Yes
Exterior Features
Roof: Shingle
Fencing: None
Lot Features: Mailbox, Sloped, Level
Pool Features: None
Construction Type: Vinyl Siding
Foundation Details: Stone
Other Structures: None
Patio And Porch Features: Covered, Front Porch
Property Condition: Functional
Lot Features:Level: Yes
Construction Materials:Vinyl Siding: Yes
Patio And Porch Features:Covered: Yes
Patio And Porch Features:Front Porch: Yes
Lot Features:Sloped: Yes
Garage/Parking
Attached Garage: Yes
Garage Spaces: 1.0
Parking Features: Concrete, Driveway, Garage, Off Street
Total Parking Spaces: 1.0
General Property Information:Garage Spaces: 1.0
General Property Information:Garage YN: Yes
General Property Information:Attached Garage YN: Yes
Parking Features:Driveway: Yes
Parking Features:Concrete3: Yes
Parking Features:Garage: Yes
Parking Features:Off Street: Yes
General Property Information:Parking Total: 1.0
Utilities
Heating: Central
Cooling: Ceiling Fan(s), Central Air
Sewer: Public Sewer
Laundry Features: Main Level
Cooling Y N: Yes
Heating Yn: Yes
Utilities: Water Available, Sewer Connected, Natural Gas Available, Electricity Available
Water Source: Public
Heating:Central: Yes
Condo/Co-op/Association
Community Features: None
Association: No
Association/Amenities
General Property Information:Association YN: No
Schools
Elementary School: Spring City
High School: Rhea County
Middle Or Junior School: Spring City
Lot Info
Lot Size Sq Ft: 47916.0
Parcel #: 030l B 00100 000
Tax Info
Tax Annual Amount: 781.22
Tax Book Number: 520
Ownership History
DateNameOwned ForOwner Type
Jan 2024 - PresentSecretary Of Housing And Urban Development1 Year and 7 Months
Company
Purchase Details
Closed on
Jan 23, 2024
Sold by
Broker Solutions Inc and New American Funding
Bought by
Secretary Of Housing And Urban Development
Dec 2023 - Jan 2024Broker Solutions Inc and New American Funding1 Month
Company
Purchase Details
Closed on
Dec 13, 2023
Sold by
Llg Trustee Tn Llc
Bought by
Broker Solutions Inc and New American Funding
Nov 2017 - Dec 2023Sommer Mathew Markus6 Years and 1 Month
Private Individual
Purchase Details
Closed on
Nov 29, 2017
Sold by
Kearney John Michael and Lamson Margaret A
Bought by
Sommer Mathew Markus
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,094
Interest Rate
4.5%
Mortgage Type
FHA
Jan 2008 - Nov 2017Lamson Margaret A9 Years and 10 Months
Private Individual
Purchase Details
Closed on
Jan 17, 2008
Bought by
Lamson Margaret A
Jul 1998 - Jan 2008Lamson Margaret A9 Years and 6 Months
Private Individual
Purchase Details
Closed on
Jul 27, 1998
Sold by
Harris Burnett Elizabeth
Bought by
Lamson Margaret A
Jan 1979 - Jul 1998Burnett Elizabeth Harris19 Years and 6 Months
Incredible starter home in Spring City!!This 3 bedroom, 1.5 bathroom home offers a great opportunity for anyone just starting their search due to the property not needing anything to get you moved in!Newer roof and HVAC, no flooring need, paint still in good shape, and a very aggressive price point!! This property will not last long, schedule a showing today!!Sold as-is
Check out this quaint 2 bedroom (with additional small side room), 2 bath home right in the heart of Spring City. Walk to the elementary school or Watts Bar Lake for fishing and boating, or walk to Veterans Park with plenty of fun amenities for the whole family. This home is also walking distance to restaurants, a grocery store, doctor offices, cute shops, and more. This home also offers a large
Check out this handyman's special on almost 3 acres of land (2 parcels). It has the perfect place to park an rv or build a 2nd house, with beautiful mountain views. The sunsets are beautiful here! The current home has 2 bedrooms, one bath, and has a carport. It's unrestricted, so bring your favorite farm animals with you, and you may decide that there are some great spots for a large garden as
Great investment opportunity! This 1440 square foot house was originally built in 1944 but has been vacant for some time. The current owner had all of the plumbing gutted from the house. There is a private well on the property which was supplying water to the house. There are two brick fireplaces, one in the living room and one in the master bedroom, as well as a second chimney for a stove. The
Endless Outdoor Living on 5 Beautiful Acres - Tiny Home Included!Welcome to 815 Chestnut Ridge Road—a rare opportunity to own your own slice of East Tennessee paradise! This stunning 5-acre property in Spring City offers a perfect mix of flat, build-ready space and wooded trails, giving you both immediate comfort and long-term potential.Nestled in a peaceful, private setting, the property
Collateral Analytics
Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.
Not Available
Collateral Analytics does not have data for the current month. Please view the chart for historical values.
ICE
ICE Mortgage Technology
ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.
Not Available
ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.
First American
First American
First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.
Not Available
First American does not have data for the current month. Please view the chart for historical values.
Quantarium
Quantarium
Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.
Not Available
Quantarium does not have data for the current month. Please view the chart for historical values.
Average Value
Not Available
List Price
Sold Price
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
Source: Public Records
Average Home Value in this Area
Source: Public Records
Purchase History
Date
Type
Sale Price
Title Company
Special Warranty Deed
$81,700
Servicelink
Trustee Deed
$114,154
None Listed On Document
Trustee Deed
$114,154
None Listed On Document
Warranty Deed
$50,000
Title Insurance Company
Deed
--
--
Deed
$49,500
--
Deed
--
--
Deed
--
--
Deed
--
--
Source: Public Records
Mortgage History
Date
Status
Loan Amount
Loan Type
Previous Owner
$101,750
FHA
Previous Owner
$49,094
FHA
Previous Owner
$22,180
No Value Available
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
08/13/202508/13/25
Sold
$125,800
0.0%
$121 / Sq Ft
06/05/202506/05/25
Pending
--
--
--
06/03/202506/03/25
Price Changed
$125,800
-10.5%
$121 / Sq Ft
05/01/202505/01/25
Price Changed
$140,600
-9.5%
$135 / Sq Ft
03/27/202503/27/25
Price Changed
$155,400
-8.7%
$150 / Sq Ft
02/21/202502/21/25
Price Changed
$170,200
-8.0%
$164 / Sq Ft
01/24/202501/24/25
For Sale
$185,000
--
$178 / Sq Ft
Source: River Counties Association of REALTORS®
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
This home is located at 472 Lavender St, Spring City, TN 37381 and is currently priced at $125,800, approximately $121 per square foot. This property was built in 1953. 472 Lavender St is a home located in Rhea County with nearby schools including Rhea County High School, King Memorial Seventh Day Adve, and Spring City Christian Academy.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.