NOT LISTED FOR SALE

5750 Wassom Memorial Hwy Grandview, TN 37337

Estimated Value: $375,822

-- Bed
-- Bath
-- Sq Ft
7.22 Acres

Last Sold October 02, 2024

Last sale price $337,500

Est. 11% increase in value since last sale

Current estimated payment $2,046/month

275 Days on Market

Highlights

  • No HOA
  • No Heating
  • Property has 3 Levels

About This Home

As of October 2024

BACK ON THE MARKET WITH NEW SOIL MAPS- buyers unable to obtain financing. Income producing opportunity to own a RV Park with 14 Sites with FULL (30/50amp) HOOK UPS in Southeast TN! Sitting on 12 UNRESTRICTED acres atop Grandview Mountain you have the attractions of peace and quiet in the countryside with Watts Bar Lake and Piney Falls State Nature Areas to explore just around the corner. Park is built with 3- 1,000-gallon septic systems, city water, a wireless fiber mesh internet network and located in the county with NO ZONING. Small utility building (conveys) plumbed for laundry but currently used for storage. The opportunities here are endless with potential for expansion, tiny homes, boat/RV storage, and more. Ability to add an owner residence if desired. Owner/Agent

Last Agent to Sell the Property

Jillian Stavely

Coldwell Banker Pryor Realty License #356929 Listed on: 12/18/2023

Coldwell Banker Pryor Realty

Last Buyer's Agent

Ivey Hayes

simpliHOM License #369719

simpliHOM

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $501

Year Built

  • Built in 2021

Lot Details

  • 7.22

Interior Spaces

  • Property has 3 Levels

Parking

  • Gravel Driveway
  • Assigned Parking

Schools

  • Spring City Elementary School
  • Spring City Middle School
  • Rhea County High School

Utilities

  • No Cooling
  • No Heating
  • Septic Tank

Listing and Financial Details

  • The owner pays for electricity, gas, water
  • Assessor Parcel Number 011 01406 000

Community Details

Overview

  • No Home Owners Association
  • 14 Units

Building Details

  • Gross Income $65,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$501

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2021
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Year Built Details: EXIST
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Building Area Units: Square Feet
  • Living Area Units: Square Feet

Exterior Features

  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Assigned, Gravel

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: None
  • Heating Yn: No
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Units: Acres
  • Parcel #: 011 01406 000
  • Property Attached Yn: No

Rental Info

  • Owner Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 65000
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 14

Tax Info

  • Tax Annual Amount: 501

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2023
Closed on
Oct 2, 2024
Sold by
Stavely Jillian and Stavely Daniel Mitchell
Bought by
Vertex 4 Llc
Seller's Agent
Jillian Stavely
Coldwell Banker Pryor Realty
Buyer's Agent
Ivey Hayes
simpliHOM
List Price
$389,900
Sold Price
$337,500
Premium/Discount to List
-$52,400
-13.44%
Views
11
Current Estimated Value
$375,822

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,322
Avg. Annual Appreciation
10.57%

Purchase Details

Closed on
Mar 1, 2022
Sold by
Sherri Jacobs
Bought by
Stavely Jillian and Stavely Daniel Mitchell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
2.93%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 11, 2018
Sold by
Swafford Sam and Swafford Samuel L
Bought by
Jacobs Sherri

Purchase Details

Closed on
Jan 12, 2006
Bought by
Swafford Sam Brown David R
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Vertex 4 Llc $337,500 Crossland Title
Stavely Jillian $280,000 Cantrell Christopher
Stavely Jillian $280,000 None Listed On Document
Jacobs Sherri $45,000 None Available
Swafford Sam Brown David R $3,290,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stavely Jillian $212,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2024 10/02/24 Sold $337,500 -13.4% --
09/18/2024 09/18/24 Pending -- -- --
12/18/2023 12/18/23 For Sale $389,900 -- --
Source: Realtracs

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 $939 $69,600 $33,360 $36,240
2023 $945 $41,920 $12,960 $28,960
2022 $501 $22,200 $11,480 $10,720
2021 $417 $18,500 $11,800 $6,700
2020 $423 $18,500 $11,800 $6,700
2019 $266 $18,500 $11,800 $6,700
2018 $75 $3,400 $3,400 $0
2017 $75 $3,400 $3,400 $0
2016 $75 $3,400 $3,400 $0
Source: Public Records

Agents Affiliated with this Home

  • Jillian Stavely

    Seller's Agent in 2024

    Jillian Stavely

    Coldwell Banker Pryor Realty

    (423) 883-3570

    221 Total Sales

    Jillian Stavely
    Section Image

  • I

    Buyer's Agent in 2024

    Ivey Hayes

    simpliHOM

    (423) 285-7693

    66 Total Sales

    Ivey Hayes
    Section Image
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Map

Source: Realtracs

MLS Number: 2955431

Realtracs

APN: 072011 01406

Tennessee Rhea County Grandview 37337

5750 Wassom Memorial Hwy, Grandview, TN

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