NOT LISTED FOR SALE

654 Wallace Rd Shady Valley, TN 37688

Estimated Value: $228,000 - $501,455

4 Beds
1 Bath
1,170 Sq Ft
$291/Sq Ft Est. Value

Last Sold July 07, 2021

Last sale price $220,000 $188 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $1,928/month

13 Days on Market

Highlights

  • Creek or Stream View
  • Wooded Lot
  • Main Floor Primary Bedroom
  • Wood Burning Stove
  • Wood Flooring
  • Fireplace

About This Home

As of July 2021

Impressive 25 acres of secluded forest land with hidden hunters cabin in large clearing. An excellent investment opportunity. Natural springs and streams throughout the property. Abundant wildlife. Located 1 mile from thousands of acres in Cherokee National Forest. OWN your own private hunting reserve. Enjoy the nearby Nature Conservancy. Close to the Appalachian Trail for hiking, not far from fly fishing and back bone rock recreation. Very near highway 421 a popular motorcycle and sports car destination. Gated entry, easy to access land year round. Cabin is a bonus that offers many possibilities depending on your requirements. With utility reconnect and your desired renovations the cabin has a lot potential. Greenbelt. Truly a rare find and must see to appreciate.

Last Agent to Sell the Property

Tonya Baker

Hurd Realty, LLC License #321743 Listed on: 05/22/2021

Last Buyer's Agent

Tonya Baker

Hurd Realty, LLC License #321743 Listed on: 05/22/2021

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1995

Lot Details

  • 25 Acre Lot
  • Wooded Lot
  • Property is in average condition

Parking

  • Dirt Driveway

Property Views

  • Creek or Stream
  • Mountain

Home Design

  • Cabin
  • Metal Roof
  • Wood Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,170 Sq Ft Home
  • 2-Story Property
  • Paneling
  • Fireplace
  • Wood Burning Stove
  • Living Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • Shady Valley Elementary School
  • Johnson Co Middle School
  • Johnson Co High School

Utilities

  • Cooling Available
  • Heating Available
  • Spring water is a source of water for the property
  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 038 031.02 000

Home Details

Home Type

Single Family

Year Built

Built in 1995

Lot Details

25 Acres

Listing Details

  • Directions: At crossroads take 91 for 1.7 miles, left on Sluder 2/10 mile, right on Wallace 6/10 mile see sign on right.
  • Prop. Type: Residential
  • Year Built: 1995
  • Property Sub Type: Single Family Residence
  • Bedroom 2 Level: Second
  • Kitchen Level: First
  • Living Room Level: First
  • Architectural Style: Cabin
  • Unit Levels: Two
  • New Construction: No
  • Reso Structure Type: House
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 25.0
  • General Property Description Zoning2: Residential
  • General Property Description Elementary School3: Shady Valley
  • General Property Description Middle School2: Johnson Co
  • General Property Description High School3: Johnson Co
  • General Property Description Lot Dimensions: see acres
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 1170.0
  • General Property Description Above Grade SqFt: 1170.0
  • Flooring Hardwood: Yes
  • General Property Description Parcel ID2: 038 031.02 000
  • General Property Description Stories2: 2
  • View Mountain(s): Yes
  • View CreekStream: Yes
  • Roof Metal3: Yes
  • Walls Paneling: Yes
  • Property Condition Average: Yes
  • Rooms Living Room2: Yes
  • Primary Bedroom Level: First
  • Sewer Private Sewer: Yes
  • Foundation Concrete Perimeter: Yes
  • Water Spring: Yes
  • TopographyLot Description Wooded: Yes
  • Levels:Two: Yes
  • Structure Type:House: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Hardwood
  • Interior Amenities: Primary Downstairs
  • Window Features: Single Pane Windows
  • Bedroom 3 Level: Second
  • Bedroom 4 Level: Second
  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Wood Burning Stove
  • General Property Description Baths - Full: 1
  • Interior Features:Primary Downstairs: Yes
  • Fireplace:Wood Burning Stove: Yes

Exterior Features

  • Property Condition: Average
  • Roof: Metal
  • View: Mountain(s), Creek/Stream
  • Acres: 25.0
  • Topography: Wooded
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Enclosed
  • Exterior Finish Wood Siding: Yes
  • Window Features:Single Pane Windows: Yes
  • PorchPatioDeck Enclosed: Yes

Garage/Parking

  • Parking Features: Dirt
  • Attached Garage: No
  • Parking Features:Dirt: Yes

Utilities

  • Heating: Wood Stove
  • Sewer: Private Sewer
  • Cooling: Other
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Spring
  • Heating:Wood Stove: Yes

Schools

  • Elementary School: Shady Valley
  • High School: Johnson Co
  • Middle Or Junior School: Johnson Co

Lot Info

  • Zoning: Residential
  • Lot Dimensions: see acres
  • Lot Size Sq Ft: 1089000.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 038 031.02 000
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 27, 2022
Sold by
Mayo Richard A
Bought by
Richard And Sara Mayo Living Trust
Current Estimated Value
$340,864

Purchase Details

Listed on
May 22, 2021
Closed on
Jul 6, 2021
Sold by
Sluder Lillard Earl
Bought by
Mayo Richard A and Mayo Sara S
Seller's Agent
Tonya Baker
Hurd Realty, LLC
Buyer's Agent
Tonya Baker
Hurd Realty, LLC
List Price
$250,000
Sold Price
$220,000
Premium/Discount to List
-$30,000
-12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.83%

Purchase Details

Listed on
Jul 2, 2014
Closed on
Aug 8, 2014
Sold by
Helseth Donna W
Bought by
Sluder Lillard E
Seller's Agent
JERRY REDDEN
Misty Oaks Real Estate
Buyer's Agent
JERRY REDDEN
Misty Oaks Real Estate
List Price
$127,900
Sold Price
$160,000
Premium/Discount to List
$32,100
25.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.71%

Purchase Details

Closed on
Jan 16, 2007
Sold by
Randolph Haselden William
Bought by
Helseth Frank A

Purchase Details

Closed on
Jun 20, 1995
Bought by
Haselden William Randolph
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Richard And Sara Mayo Living Trust -- --
Mayo Richard A $220,000 Reliable Title & Escrow Llc
Sluder Lillard E $160,000 --
Helseth Frank A $120,000 --
Haselden William Randolph $24,800 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/07/2021 07/07/21 Sold $220,000 -12.0% $188 / Sq Ft
06/05/2021 06/05/21 Pending -- -- --
05/22/2021 05/22/21 For Sale $250,000 +56.3% $214 / Sq Ft
08/08/2014 08/08/14 Sold $160,000 +25.1% $174 / Sq Ft View Prior Sale
07/09/2014 07/09/14 Pending -- -- --
07/02/2014 07/02/14 For Sale $127,900 -- $139 / Sq Ft
Source: Tennessee/Virginia Regional 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 $2,087 $94,450 $6,525 $87,925
2024 $448 $20,275 $6,525 $13,750
2023 $448 $20,275 $6,525 $13,750
2022 $367 $20,275 $6,525 $13,750
2021 $367 $20,275 $6,525 $13,750
2020 $368 $20,275 $6,525 $13,750
2019 $368 $17,950 $6,025 $11,925
2018 $368 $17,950 $6,025 $11,925
2017 $368 $17,950 $6,025 $11,925
2016 $368 $17,950 $6,025 $11,925
2015 $325 $17,950 $6,025 $11,925
2014 $298 $16,475 $5,250 $11,225
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9922945

Tennessee/Virginia Regional MLS

APN: 038-031.02

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