NOT LISTED FOR SALE

518 Chestnut Place Loudon, TN 37774

Estimated Value: $461,000 - $515,000

2 Beds
2 Baths
1,770 Sq Ft
$273/Sq Ft Est. Value

Sale Details

Date Sold: August 5, 2025

Last sale price $468,000 $264 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $3,015 / mo

124 Days on Market

Highlights

  • Golf Course Community
  • View of Trees or Woods
  • Traditional Architecture
  • Fitness Center
  • Community Lake
  • Main Floor Primary Bedroom

About This Home

As of August 2025

Superb Location. This 2 Bedroom mini-mansion awaits you. Only 3 yrs old and better than NEW. Flat as a pancake lot! Hard to find in Tellico Village. Already has Top of the Line Remote Control Window Treatments saving you thousands of $$$$. No impact fee to Loudon County. Saving Thousands more$$$$. Perfectly move in ready. Spacious split floor plan offers Guest rm on front with full Luxurious Bath. Beautiful Foyer leads to charming Living Rm open to Kitchen. Living rm has Tray Ceiling, Gorgeous Electric Fireplace, Accent Wall and a Bank of Floor to Ceiling windows with great views.
Kitchen has Custom Cabinetry w Granite Counters, Tile Back Splash and Large Pantry. Spacious Dining room accommodates all your dinner guests and has sliders opening to Patio. Theres a Large Den/Office, could be used as a br. Primary Suite is fabulous. Large BR has tray Ceiling and Sliders Open to Patio which has total Privacy. BATH has Double sink vanity, Granite Counters, Private loo, walk-in TILE Shower w Bench and Hand helds. All closets are custom. Laundry room has cabinets and a sink in cabinet. A nook/sewing/crafting or Burbon nook. Garage is 503 sq ft, with over-head storage. The side yard is completely landscaped and gorgeous. You will totally enjoy the large patio and beautiful nature. Curved Archways and Bullnose Corners give this home the custom look. Instant gas Water Heater. There is a transferable warranty that comes with the home. All inspections have been completed.
This is a must see! Make your appointment today!

Last Agent to Sell the Property

Cindy Miller

ReMax Excels License #322934 Listed on: 03/11/2025

ReMax Excels

Co-Listed By

Zachary Miller

ReMax Excels License #342341

Last Buyer's Agent

Cindy Miller

ReMax Excels License #322934 Listed on: 03/11/2025

ReMax Excels

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,366

Year Built

  • Built in 2021

Lot Details

  • 6,534 Sq Ft Lot
  • Lot Dimensions are 29x119x57x97x41
  • Cul-De-Sac
  • Level Lot

HOA Fees

  • $337 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • Woods
  • Countryside Views
  • Forest

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Frame Construction

Interior Spaces

  • 1,770 Sq Ft Home
  • Tray Ceiling
  • Ceiling Fan
  • Stone Fireplace
  • Vinyl Clad Windows
  • Formal Dining Room
  • Home Office
  • Storage
  • Vinyl Flooring
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Walk-in Shower

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Outdoor Features

  • Covered Patio or Porch

Schools

  • Loudon Elementary School
  • Fort Loudoun Middle School
  • Loudon High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 068G F 026.00
  • Tax Block 15

Community Details

Overview

  • Association fees include grounds maintenance
  • The Grove At Chatuga Cove Subdivision
  • Mandatory home owners association
  • On-Site Maintenance
  • Community Lake

Amenities

  • Picnic Area
  • Sauna

Recreation

  • Golf Course Community
  • Recreation Facilities
  • Community Playground
  • Fitness Center
  • Community Pool
  • Putting Green

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,366

Year Built

Built in 2021

Lot Details

6,534 Sq Ft Lot

HOA Fees

$337 per month

Parking

2

Listing Details

  • Directions: From Hwy 444 turn on to Chatuga Drive toward ''THE NEIGHBORHOOD''. Go to the end. Turn LEFT onto Chestnut Place. House is on the Right Sign on Property.
  • Property Sub Type: Single Family Residence
  • Prop. Type: Single Family
  • Year Built: 2021
  • Lot Size Acres: 0.15
  • Lot Size: 29X119X57X97X41
  • Co List Office Phone: 865-408-1616
  • Subdivision Name: The Grove at Chatuga Cove
  • Architectural Style: Traditional
  • Property Attached Yn: No
  • View:Wooded2: Yes
  • General Property Description:Lot Size SqFt: 6534.0
  • Lot Description:Cul-De-Sac: Yes
  • Contract Info:List PriceSqFt2: 268.36
  • General Property Description:Fireplace: Yes
  • General Property Description:SqFt - Main Lvl: 1770.0
  • General Property Description:_pound_ Fireplace: 1.0
  • General Property Description:HOA: Mandatory
  • General Property Description:Basement: No
  • General Property Description:Bonus Room: No
  • General Property Description:Extra Storage: Yes
  • AtchdDtchd Type:Detached: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Cooling: Yes
  • Floors:Vinyl: Yes
  • Fuel:Electric: Yes
  • Heat:Central: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Misc Features:Walk-in Closets: Yes
  • Misc Features:Walk-in Shower: Yes
  • Misc Features:WasherDryer Connect: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public: Yes
  • Heat:Heat Pump3: Yes
  • Dining Area:Formal Dining Area: Yes
  • Siding:Fiber Cement: Yes
  • Misc Features:Trey Ceiling: Yes
  • Location Tax Legal Info:Property Sub-Type: Residential
  • Special Features: None

Interior Features

  • Appliances: Tankless Water Heater, Dishwasher, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven
  • Basement YN: No
  • Has Basement: Slab
  • Fireplace: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Stone
  • Fireplaces: 1
  • Flooring: Vinyl
  • Interior Amenities: Walk-In Closet(s), Kitchen Island, Pantry
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Smoke Detector: Yes
  • Other Rooms:LaundryUtility: Yes
  • Other Rooms:Mstr Bdrm Main Level: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Other Rooms:DenStudy: Yes
  • Basement:Slab: Yes
  • Appliances:Tankless Wtr Htr: Yes
  • Misc Features:Island in Kitchen: Yes
  • Other Rooms:Split Bedroom: Yes
  • Fireplace:Stone2: Yes
  • Other Rooms:Office: Yes

Exterior Features

  • Exterior Features: Windows - Vinyl
  • View: Country Setting, Wooded
  • Lot Features: Cul-De-Sac, Level
  • Construction Type: Fiber Cement, Frame
  • Patio And Porch Features: Porch - Covered
  • Construction:Frame: Yes
  • Exterior Features:Porch - Covered: Yes
  • Exterior Features:Cable Available (TV Only): Yes
  • Exterior Features:Windows - Vinyl: Yes

Garage/Parking

  • GarageParkingGarageSpaces: 2.0
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached
  • GarageParking:Attached2: Yes

Utilities

  • Cooling: Central Cooling, Ceiling Fan(s)
  • Sewer: Public Sewer
  • Security: Smoke Detector
  • Cooling Y N: Yes
  • Heating: Central, Heat Pump, Electric
  • Heating Yn: Yes
  • Utilities: Cable Available (TV Only)
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Amenities: Swimming Pool, Golf Course, Playground, Recreation Facilities, Sauna
  • Association Fee: 336.52
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • Community Amenities:Architect Restricted: Yes
  • Community Amenities:Sidewalks: Yes
  • Community Amenities:Swimming Pool: Yes
  • Community Amenities:Lake Access2: Yes
  • Community Amenities:PicnicBarbeque Area: Yes
  • Community Amenities:Exercise Room: Yes
  • Community Amenities:Golf Course2: Yes
  • Community Amenities:Putting Greens: Yes
  • Community Amenities:Rec Facilities: Yes
  • Community Amenities:Playground: Yes
  • Community Amenities:Sauna: Yes
  • Association Fee Incl:Grounds Maintenance: Yes

Fee Information

  • Association Fee Includes: Grounds Maintenance

Schools

  • Elementary School: Loudon
  • High School: Loudon
  • Middle Or Junior School: Fort Loudoun

Lot Info

  • Lot Size Sq Ft: 6534.0
  • Parcel #: 068G F 026.00

Tax Info

  • Tax Annual Amount: 1366.09
  • Tax Block: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2025
Closed on
Aug 5, 2025
Sold by
Leece Peggy
Bought by
Parmley Mark and Parmley Robin
Seller's Agent
Cindy Miller
ReMax Excels
Buyer's Agent
Cindy Miller
ReMax Excels
List Price
$500,000
Sold Price
$468,000
Premium/Discount to List
-$32,000
-6.4%
Views
48
Current Estimated Value
$483,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,720
Avg. Annual Appreciation
4.83%
Original Mortgage
$468,000
Outstanding Balance
$467,599
Interest Rate
6.77%
Mortgage Type
VA
Estimated Equity
$16,121

Purchase Details

Closed on
Sep 16, 2021
Sold by
Cook Bros Construction Llc
Bought by
Leece Peggy
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Parmley Mark $468,000 Tellico Title Services
Parmley Mark $468,000 Tellico Title Services
Leece Peggy $380,510 Paramount Land Ttl Of Knoxvi
Leece Peggy $380,510 Paramount Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parmley Mark $468,000
Closed Parmley Mark $468,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/05/2025 08/05/25 Sold $468,000 -1.5% $264 / Sq Ft
05/10/2025 05/10/25 Pending -- -- --
05/02/2025 05/02/25 Price Changed $475,000 -5.0% $268 / Sq Ft
03/11/2025 03/11/25 For Sale $500,000 0.0% $282 / Sq Ft
02/18/2025 02/18/25 Pending -- -- --
02/18/2025 02/18/25 For Sale $500,000 0.0% $282 / Sq Ft
02/08/2025 02/08/25 Pending -- -- --
01/06/2025 01/06/25 For Sale $500,000 -- $282 / 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 $1,366 $89,975 $3,750 $86,225
2024 $1,366 $89,975 $3,750 $86,225
2023 $1,366 $89,975 $0 $0
2022 $1,366 $89,975 $3,750 $86,225
2021 -- $89,975 $3,750 $86,225
2020 $0 $3,750 $3,750 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1286190

East Tennessee REALTORS® MLS

APN: 053068G F 02600

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