NOT LISTED FOR SALE

518 Wright Ln NE Cleveland, TN 37323

Estimated Value: $1,291,000 - $2,033,000

6 Beds
8 Baths
8,056 Sq Ft
$220/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $1,470,000 $182 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $10,009/month

Highlights

  • Heated Pool
  • Sauna
  • 79.02 Acre Lot
  • Charleston Elementary School Rated A-
  • Waterfront
  • Open Floorplan

About This Home

As of April 2021

Unique property nestled on 79.02 acres includes Elegant Colonial-Designed Main Farmhouse w/detailed Cherry Trim throughout interior & Dental Trim on Exterior complete w/imported brick. MAIN HOUSE has 4 Bedroom 3 1/2 Baths & 4 flued Fireplaces w/gas logs/gas line capped off to burn wood. Large Gathering spaces & 2 Full Kitchens. Main level Kitchen features loads of custom cabinetry, pantry, & counter space to include Island w/storage & 2nd smaller sink, accent brick wall w/Gas Log Fireplace/Wood Storage area, 2 eye Gas Cooktop, Wall Oven, Microwave, Dishwasher, 6 Electric Burners w/downdraft, Other features in this home include Formal Dining Room w/Built-in China Cabinets, Large Open Beamed Sun Room/Great Room w/a Fireplace & Large Built In Saltwater Aquarium that is not in use & currently covered. The French Doors from the Sun Room/Great Room overlook the covered brick Patio leading to the Pool. Large main level Owners' Suite includes another Fireplace, 2 separate Baths & Walk in Closets (One w/a Sauna & the other w/a separate tiled Shower & Footed Soaking Tub). Custom Cherrywood High Quality Paneling in the Executive Library/Office w/yet another Fireplace set off the Foyer for Privacy. Inviting wide Foyer w/Powder Room. Laundry Room open from pool area w/granite counter tops, sink & lots of white cabinets. Roomy Bedrooms upstairs w/extra storage & closet spaces. Two stairways to upstairs allow for entry into Huge Recreation Room w/Custom shelving without going through Upstairs Bedrooms. Basement includes a dumbwaiter in hallway to upstairs w/an enormous Kitchen/Craft Room to include a large Island Workspace, Range, Trash Compactor, Refrigerator, Freezer, Deep freezer & storage galore! Custom Built Wine Cellar, Extra Large Storage Room partially lined w/Cedar, Mechanical Closet, & Workroom that includes Built in custom Drafting Table & storage shelving.

Last Agent to Sell the Property

Kathy Lee

K W Cleveland Listed on: 03/11/2021

Last Buyer's Agent

Kathy Lee

K W Cleveland Listed on: 03/11/2021

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,101

Year Built

  • Built in 1986

Lot Details

  • 79.02 Acre Lot
  • Lot Dimensions are 219x187.7x2498x668x688x787x302x841x440x24x754
  • Waterfront
  • Fenced
  • Level Lot

Parking

  • 2 Car Attached Garage
  • Parking Accessed On Kitchen Level
  • Front Facing Garage
  • Side Facing Garage
  • Garage Door Opener

Home Design

  • Farm
  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof
  • Asphalt Roof
  • Metal Roof

Interior Spaces

  • 8,056 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Wet Bar
  • Central Vacuum
  • High Ceiling
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Insulated Windows
  • Entrance Foyer
  • Family Room with Fireplace
  • Great Room with Fireplace
  • Sitting Room
  • Dining Room with Fireplace
  • 4 Fireplaces
  • Formal Dining Room
  • Den with Fireplace
  • Library
  • Game Room with Fireplace
  • Bonus Room
  • Sauna
  • Mountain Views
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Walk-In Attic

Kitchen

  • Built-In Double Oven
  • Down Draft Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Trash Compactor
  • Fireplace in Kitchen

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Bedroom
  • Walk-In Closet
  • Double Vanity
  • Soaking Tub
  • Bathtub with Shower
  • Steam Shower
  • Separate Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Heated Pool
  • Deck
  • Covered Patio or Porch
  • Outbuilding

Schools

  • Michigan Avenue Elementary School
  • Ocoee Middle School
  • Walker Valley High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Underground Utilities
  • Electric Water Heater
  • Septic Tank
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 045 010.00

Property Details

Property Type

Other

Est. Annual Taxes

$3,101

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Farm
  • Prop. Type: Residential
  • Lot Size Acres: 79.02
  • Lot Size: 219x187.7x2498x668x688x787x302x841x440x24x754
  • Subdivision Name: None
  • Directions: I-75N to exit 20 going approximately 7.3 miles merging onto US-64 Bypass E merging onto US 74-E continuing onto TN60N/US-64 Bypass E to Benton Pike exit NE going Right off exit approximately 5.5 miles to Left onto Chilcutt Rd, NE going approximately 2.2 miles to Right onto Wright Lane approximately .8 mile to end of street - See Sign and Mailbox.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Living Area: 8056.0
  • New Construction: No
  • Structure Type: Free Standing Building
  • Year Built: 1986
  • Cooling:Electric: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Percent Basement Finished: Yes
  • Location Tax and Legal Parcel Number2: 045 010.00
  • Location Tax and Legal Elementary School: Michigan Avenue Elementary
  • Location Tax and Legal Middle Or Junior School2: Ocoee Middle
  • Location Tax and Legal High School: Walker Valley High
  • Location Tax and Legal:Tax Annual Amount: 3100.94
  • Location Tax and Legal Additional Parcels YN: No
  • General Property Information:Bathrooms Half: 3
  • General Property Information Enhanced Accessible2: No
  • General Property Information New Construction YN: No
  • General Property Information Home Warranty YN: No
  • General Property Information Grazing Permits BLM YN3: No
  • General Property Information Carport YN: No
  • General Property Information Lot Size Acres: 79.02
  • General Property Information Lot Size Square Feet2: 3442111.2
  • General Property Information Lot Size Dimensions: 219x187.7x2498x668x688x787x302x841x440x24x754
  • General Property Information View YN2: Yes
  • General Property Information Waterfront YN: Yes
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: Yes
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Utilities Underground Utilities: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Flooring:Carpet: Yes
  • Flooring:Hardwood: Yes
  • Flooring:Tile: Yes
  • Interior Features Tub Shower Combo: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Roof:Shingle: Yes
  • Utilities Phone Available: Yes
  • Roof Asphalt5: Yes
  • Foundation Details Block2: Yes
  • Security Features:Smoke Detector(s): Yes
  • View:Mountain(s): Yes
  • Appliances Dryer: Yes
  • Wall Oven: Yes
  • Washers: Yes
  • Fencing Fenced: Yes
  • Cooling:Multi Units: Yes
  • Levels Three Or More: Yes
  • Laundry Features Laundry Room: Yes
  • Security Features:Security System: Yes
  • Interior Features Separate Dining Room: Yes
  • Interior Features Separate Shower: Yes
  • Interior Features Sitting Area: Yes
  • Flooring:Vinyl: Yes
  • Parking Features Kitchen Level2: Yes
  • Other Structures:Out Building: Yes
  • Brick and Stone Features All Brick: Yes
  • Pool Features:Heated: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Wall Oven, Washer, Trash Compactor, Refrigerator, Microwave, Electric Water Heater, Dryer, Down Draft, Double Oven, Dishwasher
  • Has Basement: Finished, Full
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Half Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: Bedroom, Den, Dining Room, Family Room, Gas Log, Great Room, Kitchen, Wood Burning
  • Fireplaces: 4
  • Fireplace: Yes
  • Flooring: Carpet, Hardwood, Tile, Vinyl
  • Interior Amenities: Central Vacuum, Connected Shared Bathroom, Double Vanity, Entrance Foyer, Granite Counters, High Ceilings, Open Floorplan, Pantry, Primary Downstairs, Sauna, Separate Dining Room, Separate Shower, Sitting Area, Soaking Tub, Steam Shower, Tub/shower Combo, Walk-In Closet(s), Wet Bar
  • Window Features: Insulated Windows
  • ResoLivingAreaSource: Appraiser
  • Appliances Dishwasher: Yes
  • Full Basement: Yes
  • Appliances:Double Oven: Yes
  • Appliances:Trash Compactor: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Electric Water Heater: Yes
  • Attic Features:Walk-In Attic: Yes
  • Interior Features:Pantry: Yes
  • Appliances:Down Draft: Yes
  • Fireplace Features:Fireplaces Total: 4
  • Fireplace Features:Den2: Yes
  • Fireplace Features:Family Room2: Yes
  • Fireplace Features:Wood Burning: Yes
  • Interior Features:Central Vacuum: Yes
  • Interior Features:High Ceilings: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Primary Downstairs: Yes
  • Fireplace Features:Gas Log: Yes
  • Interior Features:Double Vanity: Yes
  • Interior Features:Granite Counters: Yes
  • Fireplace Features:Great Room2: Yes
  • Interior Features:Soaking Tub: Yes
  • Fireplace Features:Bedroom2: Yes
  • Fireplace Features:Dining Room2: Yes
  • Fireplace Features:Kitchen2: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Wet Bar: Yes
  • Interior Features:Steam Shower: Yes
  • Interior Features:Sauna: Yes

Exterior Features

  • Fencing: Fenced
  • Lot Features: Gentle Sloping, Level, Sloped
  • Pool Features: Heated
  • View: Mountain(s), Other
  • View: Yes
  • Waterfront: Yes
  • Home Warranty: No
  • Construction Type: Brick, Other
  • Foundation Details: Block
  • Other Structures: Outbuilding
  • Patio And Porch Features: Covered, Deck, Patio
  • Roof: Asphalt, Metal, Shingle
  • Construction Materials:Brick: Yes
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Level: Yes
  • Lot Features:Gentle Sloping: Yes
  • Patio And Porch Features:Covered: Yes
  • Window Features:Insulated Windows: Yes
  • Lot Features:Sloped: Yes
  • ConstructionSiding:Roof Metal: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Garage Door Opener, Garage Faces Front, Garage Faces Side, Kitchen Level
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Garage Faces Side: Yes
  • Parking Features:Garage Faces Front: Yes

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room, Washer Hookup
  • Security: Security System, Smoke Detector(s)
  • Cooling: Central Air, Electric, Multi Units
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, Phone Available, Underground Utilities
  • Water Source: Public
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Michigan Avenue Elementary
  • High School: Walker Valley High
  • Middle Or Junior School: Ocoee Middle

Lot Info

  • Lot Size Sq Ft: 3442111.2
  • Additional Parcels: No
  • Parcel #: 045 010.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3100.94

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 6, 2020
Closed on
Apr 15, 2021
Sold by
Williams Paul Steven and Williams Linda Kaye
Bought by
Voice Of Evangelism Outreach Ministries
List Price
$1,565,000
Sold Price
$1,470,000
Premium/Discount to List
-$95,000
-6.07%
Current Estimated Value
$1,774,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,205
Avg. Annual Appreciation
4.38%

Purchase Details

Closed on
Dec 28, 2007
Sold by
Joe Lee F
Bought by
Williams Paul Steven

Purchase Details

Closed on
Aug 30, 2007
Sold by
Rymer Leroy
Bought by
Kibler Jack B
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
Voice Of Evangelism Outreach Ministries $1,470,000 None Available
Williams Paul Steven $156,195 --
Kibler Jack B $187,652 --
Calfee Virgil $83,004 --
Williams Paul Steven $574,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Paul Steven $995,000
Previous Owner Leroy Rymer $500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2021 04/16/21 Sold $1,470,000 0.0% $182 / Sq Ft
04/16/2021 04/16/21 Sold $1,470,000 -6.1% $182 / Sq Ft
03/11/2021 03/11/21 Pending -- -- --
03/11/2021 03/11/21 Pending -- -- --
03/11/2021 03/11/21 For Sale $1,565,000 0.0% $194 / Sq Ft
11/06/2020 11/06/20 For Sale $1,565,000 -- $194 / Sq Ft
Source: Greater Chattanooga REALTORS®

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 $4,101 $228,675 $57,800 $170,875
2023 $4,101 $228,675 $57,800 $170,875
2022 $3,349 $186,800 $57,800 $129,000
2021 $3,160 $176,200 $0 $0
2020 $3,101 $170,225 $0 $0
2019 $3,101 $135,825 $27,575 $108,250
2018 $2,929 $0 $0 $0
2017 $3,146 $0 $0 $0
2016 $3,146 $0 $0 $0
2015 $3,040 $0 $0 $0
2014 $2,510 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1327091

Greater Chattanooga REALTORS®

APN: 045-010.00