$62,000
SOLD APR 14, 2025

488 Lower Rd Rockwood, TN 37854

2 Beds
1 Bath
840 Sq Ft
3.03 Acres

Recently Sold

$74 Per Sq Ft

27% Below List Price

132 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Cottage
  • Wood Flooring
  • No HOA
  • Separate Outdoor Workshop

About This Home

As of April 2025

Discover a unique opportunity to transform this spacious cottage into your dream home! Nestled on 3 picturesque acres, this property offers a perfect blend of rural charm and potential. Whether you're looking for a personal retreat, a hobby ranch, or an investment opportunity, this fixer-upper is waiting for your creative touch. Bathroom already remodeled!

Includes multiple shed for additional storage, creative business or workshop space, plus plenty of room for outdoor projects.

Bring all offers! This charmingly rustic lot wont last long!

Conveniently located a few miles off i40, this perfect location is also near scenic lookouts, shopping, schools and much more.

All information deemed reliable but not guaranteed. Buyer/Buyers Agent to verify.

Agent has an ownership interest in Owner/Entity.

Last Agent to Sell the Property

Danny Price

Blackwell Realty & Auction License #372768 Listed on: 02/05/2025

Blackwell Realty & Auction

Last Buyer's Agent

Angela Isham

EXIT TLC Realty License #374492

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $295

Year Built

  • Built in 1957

Lot Details

  • 3.03 Acre Lot
  • Corner Lot

Parking

  • Detached Garage

Home Design

  • Cottage
  • Cabin

Interior Spaces

  • 840 Sq Ft Home
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Separate Outdoor Workshop
  • Outdoor Storage
  • Storage Shed

Schools

  • Ridge View Elementary School
  • Rockwood Middle School
  • Rockwood High School

Utilities

  • No Cooling
  • Zoned Heating
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 034 003.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$295

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Directions: -Heading southwest on i40, take exit 340 for TN-299 N toward Air Port Rd. -Turn right onto TN-299 S -in 0.3 miles, turn right onto Old Rockwood Rd. -in 0.2 miles, continue onto Airport Rd. -in 0.9 miles turn left onto Lower Rd. -in 1.8 miles, destination will be on your right.
  • Property Sub Type: Single Family Residence
  • Prop. Type: Single Family
  • Year Built: 1957
  • Lot Size Acres: 3.03
  • Architectural Style: Other, Cottage, Cabin
  • Property Attached Yn: Yes
  • Lot Description:Corner Lot: Yes
  • General Property Description:Fireplace: No
  • General Property Description:SqFt - Main Lvl: 840.0
  • General Property Description:HOA: No
  • General Property Description:Basement: No
  • General Property Description:Bonus Room: No
  • Floors:Hardwood: Yes
  • Outbuildings:Storage Shed: Yes
  • Outbuildings:Detached Workshop: Yes
  • Cooling:None12: Yes
  • AtchdDtchd Type:Attached: Yes
  • Location Tax Legal Info:Property Sub-Type: Residential
  • Special Features: None

Interior Features

  • Appliances: None
  • Basement YN: No
  • Has Basement: None
  • Fireplace: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Flooring: Hardwood
  • Fireplace:None15: Yes
  • Appliances:None17: Yes
  • Basement:None14: Yes

Exterior Features

  • Lot Features: Other, Corner Lot
  • Construction Type: Other
  • Other Structures: Storage, Workshop
  • Patio And Porch Features: Deck
  • Exterior Features:Deck: Yes
  • Construction:Other7: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Detached, Other
  • GarageParking:Detached2: Yes
  • GarageParking:Other17: Yes

Utilities

  • Cooling: None
  • Sewer: Septic Tank
  • Cooling Y N: No
  • Heating: Other
  • Heating Yn: Yes
  • Water Source: Other
  • Sewer Septic Tank: Yes

Schools

  • Elementary School: Ridge View
  • High School: Rockwood
  • Middle Or Junior School: Rockwood

Lot Info

  • Lot Size Sq Ft: 131986.8
  • Parcel #: 034 003.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 295.2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2025
Closed on
Apr 11, 2025
Sold by
Assetsix Llc
Bought by
Isham Angela and Isham John
Seller's Agent
Danny Price
Blackwell Realty & Auction
Buyer's Agent
Angela Isham
EXIT TLC Realty
List Price
$84,999
Sold Price
$62,000
Premium/Discount to List
-$22,999
-27.06%
Views
124
Current Estimated Value
$71,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,818
Avg. Annual Appreciation
48.78%

Purchase Details

Closed on
Apr 26, 2024
Sold by
Roane County
Bought by
Assetsix Llc

Purchase Details

Closed on
Dec 28, 1992
Bought by
Price Lawton H % Easter Ju Dy I C and Price D

Purchase Details

Closed on
Nov 16, 1992
Bought by
Price Lawton H % Easter Ju Dy I
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 Type Sale Price Title Company
Warranty Deed $62,000 Priority Title
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $59,000 None Listed On Document
Deed -- --
Warranty Deed $10,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/14/2025 04/14/25 Sold $62,000 -22.4% $74 / Sq Ft
03/10/2025 03/10/25 Pending -- -- --
02/20/2025 02/20/25 Price Changed $79,900 -6.0% $95 / Sq Ft
02/05/2025 02/05/25 For Sale $84,999 0.0% $101 / Sq Ft
11/17/2024 11/17/24 Pending -- -- --
10/29/2024 10/29/24 For Sale $84,999 -- $101 / 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 $295 $12,300 $5,150 $7,150
2023 $295 $12,300 $5,150 $7,150
2022 $295 $12,300 $5,150 $7,150
2021 $304 $12,300 $5,150 $7,150
2020 $304 $12,300 $5,150 $7,150
2019 $262 $9,775 $5,800 $3,975
2018 $252 $9,775 $5,800 $3,975
2017 $252 $9,775 $5,800 $3,975
2016 $252 $9,775 $5,800 $3,975
2015 $253 $9,775 $5,800 $3,975
2013 -- $11,600 $6,050 $5,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1280828

East Tennessee REALTORS® MLS

APN: 034-003.00