NOT LISTED FOR SALE

550 Polymer Dr Decatur, TN 37322

Estimated Value: $317,000 - $660,000

1 Bed
1 Bath
672 Sq Ft
$739/Sq Ft Est. Value

Last Sold October 12, 2012

Last sale price $121,000 $180 Per Sq Ft

Est. 310% increase in value since last sale

Current estimated payment $2,711/month

28 Days on Market

Highlights

  • River Access
  • Waterfront
  • Open Floorplan
  • Lake On Lot
  • 27.92 Acre Lot
  • Creek or Stream View

About This Home

As of October 2012

Very private and unique property! Nestled on almost 28 acres with a massive pond!!! Pond consist of several acres and is spring fed with a dock and is stocked with bass, catfish, blue gill, and bream. Property has been partially cleared to allow for you to build your dream home, but in the meantime you can live in the one bedroom apartment. Current seller built a three car garage with roll-up doors and converted a living area consisting of kitchen, eating area, and living room combo, one bathroom (with washer and dryer hookups), one bedroom and a large closet. Above the apartment is a floored attic for storage. There are two gates on the property one at the road with a drive that leads to the second gate. You are able to take in the views of the lake the entire way. There is a utility line that crosses part of the property. Sitting on the cover porch area in front of the apartment, you do not see the power line but you do see the dock and the lake. The ground work has been done, just bring the house plans and build your dream home.

Last Agent to Sell the Property

Donna Darnes

Crye-Leike REALTORS License #307688 Listed on: 08/24/2012

Crye-Leike REALTORS

Last Buyer's Agent

Iris Greer

Realty Executives Associates License #213484

Realty Executives Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $248

Year Built

  • Built in 2007

Lot Details

  • 27.92 Acre Lot
  • Waterfront
  • Level Lot

Parking

  • 3 Car Garage
  • 1 Carport Space

Property Views

  • Creek or Stream
  • Mountain

Home Design

  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 672 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Living Room
  • Walk-In Attic
  • Fire and Smoke Detector
  • Free-Standing Electric Range
  • Washer and Gas Dryer Hookup

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Separate Shower

Outdoor Features

  • River Access
  • Stationary Dock
  • Pond
  • Lake On Lot
  • Covered Patio or Porch

Schools

  • Meigs North Elementary School
  • Meigs County Middle School
  • Meigs County High School

Utilities

  • No Heating
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 052 036.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$248

Year Built

Built in 2007

Lot Details

0

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 27.92
  • Lot Size: 27.92
  • Subdivision Name: None
  • Directions: From the corner of Hwy 60 & Hwy 58 go north on Hwy 58 for 15.5 miles, turn right on Polymer, turn right to stay on Polymer. Road will turn into gravel road, property on right thru gate.
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: One
  • Living Area: 672.0
  • New Construction: No
  • Structure Type: Free Standing Building
  • Year Built: 2007
  • Location Tax and Legal Parcel Number2: 052 036.00
  • Location Tax and Legal Elementary School: Meigs North Elementary
  • Location Tax and Legal Middle Or Junior School2: Meigs County Middle
  • Location Tax and Legal High School: Meigs County High
  • Location Tax and Legal:Tax Annual Amount: 248.0
  • Location Tax and Legal Additional Parcels YN: No
  • 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: Yes
  • General Property Information Lot Size Acres: 27.92
  • General Property Information Lot Size Square Feet2: 1216195.2
  • General Property Information Lot Size Dimensions: 27.92
  • General Property Information View YN2: Yes
  • General Property Information Waterfront YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • General Property Information Carport Spaces2: 1.0
  • Water Source:Public: Yes
  • Foundation Details Slab: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Security Features:Smoke Detector(s): Yes
  • Levels:One: Yes
  • View:Mountain(s): Yes
  • Interior Features Separate Shower: Yes
  • Patio And Porch Features Porch - Covered: Yes
  • View CreekStream2: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Free-Standing Electric Range, Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Open Floorplan, Separate Shower
  • ResoLivingAreaSource: Owner
  • Appliances:Free-Standing Electric Range: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Electric Water Heater: Yes
  • Attic Features:Walk-In Attic: Yes
  • Community Features:None4: Yes
  • Interior Features:Ceiling Fan(s)2: Yes

Exterior Features

  • Lot Features: Lake On Lot, Level, Pond On Lot
  • View: Creek/Stream, Mountain(s)
  • View: Yes
  • Waterfront Features: River Access
  • Waterfront: Yes
  • Home Warranty: No
  • Exterior Features: Dock - Stationary
  • Foundation Details: Slab
  • Patio And Porch Features: Porch, Porch - Covered
  • Roof: Metal
  • Exterior Features:Dock - Stationary: Yes
  • Patio and Porch Features:Porch: Yes
  • Lot Features:Level: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Lot Features:Lake On Lot: Yes
  • Waterfront Features:River Access: Yes
  • Lot Features:Pond On Lot: Yes

Garage/Parking

  • Carport Spaces: 1.0
  • Garage Spaces: 3.0
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 3.0

Utilities

  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Security: Smoke Detector(s)
  • Heating: None
  • Heating Yn: No
  • Sewer: Septic Tank
  • Water Source: Public
  • Sewer Septic Tank: Yes
  • Heating:None13: Yes

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Meigs North Elementary
  • High School: Meigs County High
  • Middle Or Junior School: Meigs County Middle

Lot Info

  • Lot Size Sq Ft: 1216195.2
  • Additional Parcels: No
  • Parcel #: 052 036.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 248.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 20, 2014
Sold by
Sutton Charles Wayne
Bought by
Sutton Charles Wayne Trustee
Current Estimated Value
$496,607

Purchase Details

Closed on
Oct 25, 2013
Sold by
Arterburn Russell D
Bought by
Sutton Charles Wayne and Sutton Carol Sue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,750
Interest Rate
4.33%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 24, 2012
Closed on
Oct 12, 2012
Sold by
Peaden H Joyce
Bought by
Sutton Charles Wayne and Sutton Carol Sue
Seller's Agent
Donna Darnes
Crye-Leike REALTORS
Buyer's Agent
Iris Greer
Realty Executives Associates
List Price
$135,000
Sold Price
$121,000
Premium/Discount to List
-$14,000
-10.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.45%

Purchase Details

Closed on
Apr 4, 1995
Sold by
Breedeen William G
Bought by
Glendon Peaden
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
Sutton Charles Wayne Trustee -- --
Sutton Charles Wayne Trustee -- --
Sutton Charles Wayne $83,750 --
Sutton Charles Wayne $83,750 --
Sutton Charles Wayne $121,000 --
Sutton Charles Wayne $121,000 --
Glendon Peaden $25,000 --
Glendon Peaden $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sutton Charles Wayne $62,750
Previous Owner Peaden Glendon Barry $48,750
Previous Owner Peaden Glendon Barry $190,654
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2012 10/12/12 Sold $121,000 -10.4% $180 / Sq Ft
09/20/2012 09/20/12 Pending -- -- --
08/23/2012 08/23/12 For Sale $135,000 -- $201 / 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 $1,056 $62,525 $7,275 $55,250
2023 $1,056 $62,525 $7,275 $55,250
2022 $1,056 $62,525 $7,275 $55,250
2021 $814 $62,525 $7,275 $55,250
2020 $291 $48,225 $7,275 $40,950
2019 $291 $14,700 $4,850 $9,850
2018 $291 $14,700 $4,850 $9,850
2017 $291 $14,700 $4,850 $9,850
2016 $291 $14,700 $4,850 $9,850
2015 $275 $14,700 $4,850 $9,850
2014 -- $13,250 $4,725 $8,525
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1183394

Greater Chattanooga REALTORS®

APN: 052-036.00