NOT LISTED FOR SALE

517 Old State Rd Tellico Plains, TN 37385

Estimated Value: $366,000 - $678,000

6 Beds
4.5 Baths
5,640 Sq Ft
$91/Sq Ft Est. Value

Last Sold April 11, 2022

Last sale price $546,500 $97 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $2,781/month

Highlights

  • In Ground Pool
  • Private Lot
  • Patio
  • Colonial Architecture
  • 3 Fireplaces
  • Central Heating and Cooling System

About This Home

As of April 2022

A must see in your gateway to The Smokies. Beautiful fully remodeled two acre brick home in one of the top ten rated most picturesque small towns in Tennessee. Home includes a 500 sq. ft. in laws quarters with it's own separate entrance with a kitchen, bathroom and own laundry room. 5 bedrooms plus in laws suite plus office. Home is completely redone from top to bottom including new roof, new HVAC, plumbing, electrical, appliances, cabinets and flooring. Marble countertops in kitchen. Enjoy spectacular sunsets from your beautiful yard. Tons of privacy in a beautiful setting. In ground pool needs $11,000-$12,000 in repairs. Availability from contractor in March. Price reflects repair credit. Your guests will be wowed with the attention to detail put into this home.

Last Agent to Sell the Property

Tamara Levine

Southern Charm Homes License #363070 Listed on: 12/01/2021

Last Buyer's Agent

Tammy Onusic

Keller Williams West Knoxville

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $919

Year Built

  • Built in 1975

Lot Details

  • 2 Acre Lot
  • Private Lot

Home Design

  • Colonial Architecture
  • Contemporary Architecture
  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 5,640 Sq Ft Home
  • 3 Fireplaces
  • Wood Burning Fireplace
  • Electric Fireplace
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Patio

Schools

  • Tellico Plains Middle School
  • Tellico Plains High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 12409200000124

Home Details

Home Type

Single Family

Est. Annual Taxes

$919

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Directions: From I-75 take exit 60 on to SR-68. Turn left on to SR-68. In 19 miles turn right on to Old State Rd. Destination is 1.2 miles ahead.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 1975
  • Lot Size Acres: 2.0
  • Architectural Style: Colonial, Contemporary, Traditional
  • Property Attached Yn: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Dryer, Smoke Detector, Self Cleaning Oven, Refrigerator, Microwave, Washer
  • Has Basement: None
  • Fireplace: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace Features: Electric, Wood Burning
  • Fireplaces: 3
  • Flooring: Carpet, Vinyl

Exterior Features

  • Exterior Features: Patio, Pool - Swim (Ingrnd)
  • Lot Features: Private
  • Construction Type: Other, Brick

Utilities

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

Schools

  • High School: Tellico Plains
  • Middle Or Junior School: Tellico Plains

Lot Info

  • Lot Size Sq Ft: 87120.0
  • Parcel #: 12409200000124
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2021
Closed on
Apr 11, 2022
Sold by
Hammersmith Investments Llc
Bought by
Armstrong Kristan R and Armstrong Victoria L
Seller's Agent
Tamara Levine
Southern Charm Homes
Buyer's Agent
Tammy Onusic
Keller Williams West Knoxville
List Price
$549,000
Sold Price
$546,500
Premium/Discount to List
-$2,500
-0.46%
Current Estimated Value
$514,059

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$32,441
Avg. Annual Appreciation
-1.71%
Original Mortgage
$429,199
Outstanding Balance
$400,874
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$113,185

Purchase Details

Listed on
Apr 10, 2021
Closed on
May 10, 2021
Sold by
Cox Larry
Bought by
Hammersmith Investments Llc
Seller's Agent
Cali Walden
East Tennessee Properties, LLC
Buyer's Agent
Betty Tolliver
Tellico Realty, Inc.
Sold Price
$90,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
676.55%
Original Mortgage
$205,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 23, 2021
Sold by
Fryer James Mark and Fryer Wendy Beth
Bought by
Cox Larry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
May 9, 2002
Sold by
Bank Of New York
Bought by
James Fryer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,400
Interest Rate
11.38%

Purchase Details

Closed on
Aug 31, 1998
Bought by
Bickes Jerome D and Bickes Shelly J

Purchase Details

Closed on
Apr 18, 1991
Bought by
Underwood Donald G and Underwood Brenda

Purchase Details

Closed on
Mar 25, 1981
Bought by
Stephens Issac Reed and Edna Mitchell

Purchase Details

Closed on
Sep 15, 1969
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
Armstrong Kristan R $546,500 Superior Title
Hammersmith Investments Llc $90,000 Athens Title & Escrow Llc
Cox Larry $36,001 Athens Title & Escrow Llc
James Fryer $83,000 --
Bickes Jerome D $93,000 --
Underwood Donald G $95,000 --
Stephens Issac Reed -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Armstrong Kristan R $429,199
Previous Owner Hammersmith Investments Llc $205,000
Previous Owner Not Available $66,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/11/2022 04/11/22 Sold $546,500 -0.5% $97 / Sq Ft
02/17/2022 02/17/22 For Sale $549,000 +510.0% $97 / Sq Ft
05/24/2021 05/24/21 Sold $90,000 -- $18 / Sq Ft View Prior Sale
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
2025 $919 $141,900 $0 $0
2024 $919 $60,325 $4,425 $55,900
2023 $919 $60,325 $4,425 $55,900
2022 $802 $35,800 $3,425 $32,375
2021 $802 $35,800 $3,425 $32,375
2020 $802 $35,800 $3,425 $32,375
2019 $709 $35,800 $3,425 $32,375
2018 $709 $35,800 $3,425 $32,375
2017 $710 $33,925 $3,425 $30,500
2016 $710 $33,925 $3,425 $30,500
2015 $710 $33,925 $3,425 $30,500
2014 $710 $33,924 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1174929

East Tennessee REALTORS® MLS

APN: 124-092.00