NOT LISTED FOR SALE

506 Bailey Rd Benton, TN 37307

Estimated Value: $262,000 - $345,589

5 Beds
3 Baths
1,961 Sq Ft
$154/Sq Ft Est. Value

Last Sold September 21, 2020

Last sale price $243,000 $124 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $1,703/month

20 Days on Market

Highlights

  • No HOA
  • 1 Car Attached Garage
  • Cooling Available
  • Covered Patio or Porch
  • Walk-In Closet
  • Views

About This Home

As of September 2020

Experience the pure bliss of country living in this beautiful, excellently maintained home with far too many perks to list! This home sits on almost five acres of cleared, beautifully laying land, complete with mountain view and a huge organic garden! The garden is equipped with an irrigation system, and is currently bountifully producing a wide variety of fruits and vegetables. All the work has been done for you! Minutes from the Hiwassee, the Ocoee rivers and Parkville lake! Engineered hardwood and tile throughout the house which is only three years old. HVAC system and a durable metal roof are also only three years old. Tankless water heater! RO Water filtration systems in both kitchens! Sturdy, entirely block-built construction will allow you to never worry about termites and feel safe during the storms. Freshly painted and extremely spacious wrap around covered porch will allow for even more outdoor enjoyment and relaxation moments!

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $567

Year Built

  • Built in 1961

Lot Details

  • 5 Acre Lot
  • Level Lot

Parking

  • 1 Car Attached Garage
  • Gravel Driveway

Home Design

  • Insulated Concrete Forms
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,961 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan
  • Gas Fireplace
  • Tile Flooring
  • Fire and Smoke Detector
  • Property Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch

Schools

  • Benton Elementary School
  • Chilhowee Middle School
  • Polk County High School

Utilities

  • Cooling Available
  • Zoned Heating System
  • Heating System Uses Propane
  • Septic Tank

Community Details

  • No Home Owners Association
  • No Name Subdivision

Listing and Financial Details

  • Tax Lot 1 & 3

Home Details

Home Type

Single Family

Est. Annual Taxes

$567

Year Built

Built in 1961

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1961
  • Unit Levels: Three Or More
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: Ceiling Fan(s), Walk-In Closet(s)
  • Appliances: Dryer, Refrigerator, Washer
  • Fireplace Features: Gas
  • Fireplace: No
  • Flooring: Tile
  • Total Bedrooms: 5
  • Full Bathrooms: 3
  • Building Area Units: Square Feet
  • Living Area: 1961
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: ICFs (Insulated Concrete Forms), Vinyl Siding
  • Patio And Porch Features: Covered Porch
  • Pool Private: No
  • Roof: Metal
  • View: Valley
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Attached, Driveway, Gravel
  • Total Parking Spaces: 1

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Central Air, Electric, Other
  • Cooling Y N: Yes
  • Heating: Zoned, Other, Propane, Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Detector(s)
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 5
  • Lot Size: 2.21 & 2.34
  • Lot Size Units: Acres
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 567
  • Tax Lot: 1 & 3

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2024
Sold by
Campbell Edgar W
Bought by
Campbell Harry
Current Estimated Value
$301,647

Purchase Details

Listed on
Aug 12, 2020
Closed on
Sep 17, 2020
Sold by
Pagan Bruce J and Pagan Patrcia A
Bought by
Campbell Ed
List Price
$249,900
Sold Price
$243,000
Premium/Discount to List
-$6,900
-2.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.32%

Purchase Details

Closed on
Jul 29, 2008
Sold by
Pagan Bruce J
Bought by
Kelley Keefe

Purchase Details

Closed on
Nov 13, 2002
Bought by
Pagan Bruce J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.15%

Purchase Details

Closed on
Aug 6, 1996
Bought by
Polson Robert H and Polson Jeannette

Purchase Details

Closed on
Nov 9, 1994
Bought by
Bishop Billy F and Bishop Dorothy M
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
Campbell Harry -- None Listed On Document
Campbell Ed $243,000 None Available
Kelley Keefe $29,500 --
Pagan Bruce J $95,000 --
Polson Robert H $40,000 --
Bishop Billy F $32,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Oagan Bruce J $60,000
Previous Owner Pagan Bruce J $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2020 09/21/20 Sold $243,000 -2.8% $124 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
08/12/2020 08/12/20 For Sale $249,900 -- $127 / 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 $709 $41,975 $4,225 $37,750
2023 $709 $41,975 $0 $0
2022 $567 $22,575 $4,225 $18,350
2021 $567 $22,575 $4,225 $18,350
2020 $567 $22,575 $4,225 $18,350
2019 $725 $22,575 $4,225 $18,350
2018 $725 $28,875 $7,325 $21,550
2017 $755 $29,950 $7,425 $22,525
2016 $696 $28,975 $7,425 $21,550
2015 $696 $28,975 $7,425 $21,550
2014 $696 $28,965 $0 $0
Source: Public Records

Map

Source: Realtracs

MLS Number: 2783308

Realtracs

APN: 036-073.09