NOT LISTED FOR SALE

509 Chestnut Dr Spring City, TN 37381

Estimated Value: $530,000 - $627,000

2 Beds
2 Baths
1,800 Sq Ft
$325/Sq Ft Est. Value

Sale Details

Date Sold: August 20, 2020

Last sale price $283,500 $158 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $3,317 / mo

8 Days on Market

Highlights

  • Lake Front
  • Deck
  • Private Lot
  • Countryside Views
  • Contemporary Architecture
  • Wooded Lot

About This Home

As of August 2020

Looking for a Waterfront retreat with a private feel?! Welcome to this beautifully updated, well maintained Lake House!!! Located on gorgeous, scenic, Watts Bar Lake! This home provides an airy open concept, with Cathedral Ceilings, and lots of natural light, perfect for relaxing and enjoying life on the lake. The kitchen features Quality Granite countertops, plenty of cabinet space, and updated fixtures. An inviting Sunroom, just off the kitchen, is ideal for enjoying your morning coffee surrounded by nature, overlooking the water! You will find a full living area in the lower level equipped with kitchenette, bedroom, bath, and a cozy wood burning fireplace. This home includes 2 Lots totaling 1.07 acres, a detached Shed, and large Covered Parking Area, perfect for storing your ATVs, and watercrafts! Whether you are looking for a part time vacation home or a full time residence this home is the perfect fit. Bring your fishing poles, outdoor gear and Enjoy Life this Summer! personal interest

Last Agent to Sell the Property

Tara Rainey

Fletcher Bright Company License #348358 Listed on: 07/10/2020

Last Buyer's Agent

Suzan Bean

Blue Key Properties

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1991

Lot Details

  • 1.07 Acre Lot
  • Lake Front
  • Private Lot
  • Wooded Lot

HOA Fees

  • $3 Monthly HOA Fees

Property Views

  • Countryside Views
  • Forest Views

Home Design

  • Contemporary Architecture
  • Traditional Architecture
  • Wood Siding

Interior Spaces

  • 1,800 Sq Ft Home
  • Wood Burning Fireplace
  • Self Contained Fireplace Unit Or Insert
  • Vinyl Flooring
  • Finished Basement
  • Walk-Out Basement
  • Fire and Smoke Detector

Kitchen

  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Carport
  • Side or Rear Entrance to Parking

Outdoor Features

  • Access To Lake
  • Balcony
  • Deck
  • Outdoor Storage

Schools

  • Spring City Middle School
  • Rhea County High School

Utilities

  • Central Heating and Cooling System

Community Details

  • Lakewood Village Unit 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 038f E 014.00

Home Details

Home Type

Single Family

Year Built

Built in 1991

Lot Details

1.07 Acres

HOA Fees

$3 per month

Listing Details

  • Directions: Hwy. 27 N to Right on E Jackson Ave, left on Toestring Valley Rd, Turn Right on Lakewood Village Rd, Turn Right on Spruce Drive, left on Chestnut Drive home is at the end of road on left
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 1991
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 1.07
  • Subdivision Name: Lakewood Village Unit 3
  • Architectural Style: Contemporary, Traditional
  • Property Attached Yn: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Stove, Smoke Detector, Refrigerator, Washer
  • Has Basement: Finished, Walkout
  • Fireplace: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Other, Insert, Wood Burning
  • Fireplaces: 1
  • Flooring: Vinyl

Exterior Features

  • Exterior Features: Deck, Balcony
  • View: Country Setting, Wooded
  • Lot Features: Waterfront Access, Private, Lakefront, Lake Access, Wooded
  • Construction Type: Wood Siding
  • Other Structures: Storage

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport, Side/Rear Entry

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 35.0
  • Association Fee Frequency: Yearly
  • Association: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 46609.2
  • Parcel #: 038f E 014.00
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 19, 2023
Sold by
Gail Ann Johnson Living Trust
Bought by
Cozad Jason R and Cozad Katheryn L
Current Estimated Value
$585,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$353,837
Interest Rate
5.95%
Mortgage Type
New Conventional
Estimated Equity
$231,449

Purchase Details

Listed on
Jul 10, 2020
Closed on
Aug 14, 2020
Sold by
Rainey Bryan and Rainey Tara
Bought by
Johnson Gail Ann and The Gail Ann Johson Living Tru
Seller's Agent
Tara Rainey
Fletcher Bright Company
Buyer's Agent
Suzan Bean
Blue Key Properties
Sold Price
$283,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.72%

Purchase Details

Listed on
Nov 2, 2016
Closed on
Mar 20, 2017
Sold by
Rainey Bryan
Bought by
Rainey Bryan
List Price
$159,000
Sold Price
$134,000
Premium/Discount to List
-$25,000
-15.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.50%

Purchase Details

Closed on
Jun 16, 1989
Bought by
Barnett Janet Lee

Purchase Details

Closed on
May 31, 1989
Bought by
Kirkpatrick John L and Kirkpatrick Nora L

Purchase Details

Closed on
Sep 12, 1985
Bought by
Kirkpatrick John L and Kirkpatrick Nora L

Purchase Details

Closed on
Aug 7, 1963
Source: Public Records
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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
Cozad Jason R $400,000 Crossland Title
Johnson Gail Ann $283,500 Crossland Title Inc
Rainey Bryan $134,000 --
Barnett Janet Lee $2,000 --
Kirkpatrick John L -- --
Kirkpatrick John L -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cozad Jason R $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/20/2020 08/20/20 Sold $283,500 0.0% $158 / Sq Ft View Prior Sale
08/20/2020 08/20/20 Sold $283,500 -12.8% $158 / Sq Ft
07/19/2020 07/19/20 Pending -- -- --
05/07/2020 05/07/20 For Sale $325,000 +142.5% $181 / Sq Ft
03/20/2017 03/20/17 Sold $134,000 -15.7% $67 / Sq Ft View Prior Sale
02/10/2017 02/10/17 Pending -- -- --
11/02/2016 11/02/16 For Sale $159,000 -- $80 / Sq Ft
Source: East Tennessee REALTORS® MLS

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
2025 $2,273 $168,560 $28,000 $140,560
2024 $2,273 $168,560 $28,000 $140,560
2023 $2,137 $94,760 $18,000 $76,760
2022 $2,056 $91,200 $18,000 $73,200
2021 $1,170 $84,240 $18,000 $66,240
2020 $999 $51,875 $11,250 $40,625
2019 $999 $44,300 $11,250 $33,050
2018 $1,030 $46,900 $21,250 $25,650
2017 $918 $41,775 $21,250 $20,525
2016 $918 $41,775 $21,250 $20,525
2015 $876 $41,775 $21,250 $20,525
2014 $876 $41,775 $21,250 $20,525
2013 -- $41,775 $21,250 $20,525
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1122915

East Tennessee REALTORS® MLS

APN: 038F-E-014.00

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