NOT LISTED FOR SALE

590 Layne Cir Palmer, TN 37365

Estimated Value: $347,869 - $455,000

1 Bed
1 Bath
448 Sq Ft
$896/Sq Ft Est. Value

Last Sold March 12, 2020

Last sale price $216,000 $482 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $2,208/month

16 Days on Market

Highlights

  • Waterfront
  • Open Floorplan
  • Deck
  • 100.94 Acre Lot
  • Creek or Stream View
  • No HOA

About This Home

As of March 2020

Tiny Space On A Large Place!! Great opportunity to own a tiny homestyle cabin on 101+- acres. This property boasts some amazing views of the Cumberland Plateau and offers pure peace and serenity! Diverse landscape that has it all! Creeks, waterfalls, rock outcroppings, large trees and an ample amount of flat cleared area. The Wildlife is abundant with large whitetail deer, turkey and all the other critters that are native to this area. There has been a ton of infrastructure put into place already! All utilities including city water. There are so many different opportunities to make this property your own, i.e. Main tiny home, Mountain getaway, live in cabin while you build dream home, hunting camp, etc. Not many properties on the market with this potential so we don't expect this one to last long

Last Agent to Sell the Property

Brandon Olinger

United Country Real Estate Southeast Land Solutions, LLC License #315320 Listed on: 01/10/2020

Last Buyer's Agent

Jesse Kerns

United Country Real Estate Southeast Land Solutions, LLC License #348978

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $214

Year Built

  • Built in 2015

Lot Details

  • 100.94 Acre Lot
  • Waterfront
  • Level Lot

Parking

  • Carport

Property Views

  • Creek or Stream
  • Mountain

Home Design

  • Block Foundation
  • Metal Roof

Interior Spaces

  • 448 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Aluminum Window Frames
  • Home Security System
  • Free-Standing Electric Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Separate Shower

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Outbuilding

Schools

  • Palmer Elementary School
  • Grundy County Middle School
  • Grundy County High School

Utilities

  • Cooling Available
  • Heating Available
  • Electric Water Heater
  • Septic Tank
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 075 036.05

Home Details

Home Type

Single Family

Est. Annual Taxes

$214

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 100.94
  • Lot Size: 101
  • Subdivision Name: None
  • Directions: From Chattanooga, Take US 27 N. Get off at Signal Mountain RD Toward Signal Mountain. Make a left on Suck Creek RD . Up and over the mountain to Hwy 28, Make a right on HWY 28. Left on S Main St to Hwy 108. 12.1 miles make right on Layne Ccir. Property gate on left.
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 448.0
  • New Construction: No
  • Year Built: 2015
  • Cooling:Electric: Yes
  • Appliances Refrigerators: Yes
  • Location Tax and Legal Parcel Number2: 075 036.05
  • Location Tax and Legal Elementary School: Palmer Elementary
  • Location Tax and Legal Middle Or Junior School2: Grundy County Middle
  • Location Tax and Legal High School: Grundy County High
  • Location Tax and Legal:Tax Annual Amount: 214.49
  • 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: 100.94
  • General Property Information Lot Size Square Feet2: 4396946.4
  • General Property Information Lot Size Dimensions: 101
  • General Property Information View YN2: Yes
  • General Property Information Waterfront YN: Yes
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Water Source:Public: Yes
  • Utilities Phone Available: Yes
  • Foundation Details Block2: Yes
  • Levels:One: Yes
  • View:Mountain(s): Yes
  • Security Features:Security System: Yes
  • Interior Features Separate Shower: Yes
  • Patio And Porch Features Porch - Covered: Yes
  • View:Water2: Yes
  • Other Structures:Out Building: Yes
  • View CreekStream2: Yes
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Free-Standing Electric Range, Electric Water Heater
  • Has Basement: None
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: No
  • Flooring: Other
  • Interior Amenities: Open Floorplan, Plumbed, Separate Shower
  • Window Features: Aluminum Frames
  • ResoLivingAreaSource: Owner
  • Appliances:Free-Standing Electric Range: Yes
  • Basement:None3: Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Electric Water Heater: Yes
  • Community Features:None4: Yes

Exterior Features

  • Lot Features: Brow Lot, Level, Other
  • View: Creek/Stream, Mountain(s), Water, Other
  • View: Yes
  • Waterfront: Yes
  • Home Warranty: No
  • Foundation Details: Block
  • Other Structures: Outbuilding
  • Patio And Porch Features: Covered, Deck, Patio, Porch, Porch - Covered
  • Roof: Metal
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Patio and Porch Features:Porch: Yes
  • Lot Features:Level: Yes
  • Patio And Porch Features:Covered: Yes
  • Window Features:Aluminum Frames: Yes
  • ConstructionSiding:Roof Metal: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Security: Security System
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, Electricity Available, Phone Available
  • Water Source: Public
  • Sewer Septic Tank: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Palmer Elementary
  • High School: Grundy County High
  • Middle Or Junior School: Grundy County Middle

Lot Info

  • Lot Size Sq Ft: 4396946.4
  • Additional Parcels: No
  • Parcel #: 075 036.05
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 214.49

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2020
Closed on
Mar 11, 2020
Sold by
Spence Lorne Joseph and Spence Jackie Lynn
Bought by
Porter Raymond L and Porter Susan L
Seller's Agent
Brandon Olinger
United Country Real Estate Southeast Land Solutions, LLC
Buyer's Agent
Jesse Kerns
United Country Real Estate Southeast Land Solutions, LLC
List Price
$220,000
Sold Price
$216,000
Premium/Discount to List
-$4,000
-1.82%
Current Estimated Value
$401,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,435
Avg. Annual Appreciation
11.91%
Original Mortgage
$183,600
Outstanding Balance
$128,719
Interest Rate
3.4%
Mortgage Type
Commercial
Estimated Equity
$270,943

Purchase Details

Closed on
Jan 20, 2017
Sold by
Stanley John Daniel
Bought by
Spence Lorne Joseph and Spence Jackie Lynn
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
Porter Raymond L $216,000 None Available
Spence Lorne Joseph $104,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Porter Raymond L $183,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2020 03/12/20 Sold $216,000 -1.8% $482 / Sq Ft
01/26/2020 01/26/20 Pending -- -- --
01/10/2020 01/10/20 For Sale $220,000 -- $491 / 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 $290 $20,325 $12,400 $7,925
2023 $290 $20,325 $12,400 $7,925
2022 $241 $10,875 $10,875 $0
2021 $1,368 $61,825 $61,825 $0
2020 $241 $61,825 $61,825 $0
2019 $214 $11,500 $11,500 $0
2018 $214 $8,450 $8,450 $0
2017 $214 $8,450 $8,450 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1311626

Greater Chattanooga REALTORS®

APN: 075 03605000