NOT LISTED FOR SALE

708 Shumate Rd Rutledge, TN 37861

Estimated Value: $596,639

3 Beds
3 Baths
2,544 Sq Ft
$235/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $475,000 $187 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $3,406/month

Highlights

  • 35.5 Acre Lot
  • Private Lot
  • Separate Outdoor Workshop
  • Countryside Views
  • Traditional Architecture
  • Enclosed patio or porch

About This Home

As of August 2022

Welcome to the Country Living you've been waiting for! Fall in love with the home and stay for the 35.5 Acre land with FIVE hay fields! This private basement rancher home boasts 2,544 Sqft of open living area, 3 bedrooms, 3 full baths, private well, and a fully finished basement! The fully finished basement includes 3 additional rooms, a large bonus room plumbed for a kitchen and a spacious living room! Outside you'll find amazing country views, an attached 2 car carport, detached storage garage with and upper story, five hay fields, all nestled upon the large 35.5 Arce private lot. You'll have to see it to believe it! Call for a showing today! More photos to come, July 5, 2022

Last Listed By

Billy Houston

Billy Houston Group, Realty Executives License #325718 Listed on: 07/01/2022

Billy Houston Group, Realty Executives

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,173

Year Built

  • Built in 1981

Lot Details

  • 35.5 Acre Lot
  • Private Lot

Parking

  • Parking Available

Home Design

  • Traditional Architecture
  • Brick Exterior Construction

Interior Spaces

  • 2,544 Sq Ft Home
  • Countryside Views
  • Walk-Out Basement

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Enclosed patio or porch
  • Separate Outdoor Workshop
  • Outdoor Storage

Utilities

  • Zoned Heating and Cooling System

Listing and Financial Details

  • Property Available on 7/6/22
  • Assessor Parcel Number 074 007.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,173

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Directions: On I-40 take exit 392, head North on US-11 N/ Rutledge Pike. Continue for 23 miles. Turn right onto Bluff Rd. Continue onto Owl Hole Gap Rd. Turn Left onto Shumate Rd. In .7 miles the driveway will be on your right.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 1981
  • Lot Size Acres: 35.5
  • Architectural Style: Traditional
  • Property Attached Yn: No
  • Special Features: None

Interior Features

  • Appliances: Other, Dishwasher, Microwave
  • Has Basement: Walkout
  • Fireplace: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Flooring: Carpet, Vinyl

Exterior Features

  • Exterior Features: Patio, Porch - Enclosed
  • View: Country Setting
  • Lot Features: Private
  • Construction Type: Brick
  • Other Structures: Storage, Workshop

Garage/Parking

  • Attached Garage: No
  • Parking Features: Main Level

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 1546380.0
  • Parcel #: 074 007.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Available Date: 2022-07-06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2022
Closed on
Aug 26, 2022
Sold by
Joyce Owens
Bought by
Moats Steven L and Moats Dawn E
Seller's Agent
Billy Houston
Billy Houston Group, Realty Executives
Buyer's Agent
Nancy Mullins
Wallace
List Price
$475,000
Sold Price
$475,000
Current Estimated Value
$596,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,639
Avg. Annual Appreciation
8.85%
Original Mortgage
$475,000
Outstanding Balance
$457,109
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$139,530

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Moats Steven L $475,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moats Steven L $475,000
Previous Owner Owens Joyce $50,000
Previous Owner Owens Sammy $10,000
Previous Owner Owens Sammy $109,300
Previous Owner Owens Sammy $40,000
Previous Owner Owens Sammy $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2022 08/26/22 Sold $475,000 0.0% $187 / Sq Ft
07/06/2022 07/06/22 For Sale $475,000 -- $187 / Sq Ft
07/01/2022 07/01/22 Pending -- -- --
Source: East Tennessee REALTORS® MLS

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 $1,173 $49,900 $9,425 $40,475
2023 $1,173 $49,900 $9,425 $40,475
2022 $1,146 $49,900 $9,425 $40,475
2021 $1,146 $49,900 $9,425 $40,475
2020 $1,157 $49,900 $9,425 $40,475
2019 $1,157 $41,325 $8,575 $32,750
2018 $1,000 $41,325 $8,575 $32,750
2017 $1,000 $41,325 $8,575 $32,750
2016 $1,000 $41,325 $8,575 $32,750
2015 $1,059 $41,325 $8,575 $32,750
2014 $1,059 $42,372 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Similar Homes in Rutledge, TN

  • 7124 Indian Ridge Rd, Rutledge, TN 37861

    $455,000

    • 4 Beds
    • 3 Baths
    • 2,576 Sq Ft
    • 7124 Indian Ridge Rd
    • Rutledge, TN

    Sellers to pay $5,000.00 towards buyers closing cost with accepted offer. This newly renovated 2,576 Sq house in East Tennessee is absolutely delightful! The cozy living room with built-in bookshelves is a charming touch, perfect for displaying your favorite books or artwork. The newly designed kitchen with brand new appliances and an island for prepping meals sounds like a dream for anyone who

    Jake Galvan Realty One Group Anthem

    Section Image
  • 569 Calloway Rd, Rutledge, TN 37861

    $497,900

    • 2 Beds
    • 2 Baths
    • 1,453 Sq Ft
    • 569 Calloway Rd
    • Rutledge, TN

    1900's updated farmhouse on 9.6 acres in the country! Large shade trees surround the house for cool breezes on the porches. Vaulted ceiling creates an open and airy space with area for more natural light . The land is mostly pasture or hay and is perfect for horses. The land lays well and is partially fenced. Very close to the Holston River and is a 35 min drive to Knoxville. Make plans to view.

    Mike Newman Home & Garden Real Estate

    Section Image
  • 284 Woodstock Dr, Rutledge, TN 37861

    $510,000

    • 3 Beds
    • 2 Baths
    • 3,600 Sq Ft
    • 284 Woodstock Dr
    • Rutledge, TN

    Finally realize your dream of one level living within walking distance of Cherokee Lake. This amazing basement ranch style home with outstanding curb appeal in Mallard Baye subdivision on Cherokee Lake is going to check all of your boxes, and it is less than 2 years old so all of your major systems, appliances and roof are practically brand new. The flow of the home is seamless with all 3 beds

    Denny Ritchey Realty Executives Associates

    Section Image
  • 440 Pheasant View, Rutledge, TN 37861

    $465,000

    • 3 Beds
    • 2.5 Baths
    • 3,178 Sq Ft
    • 440 Pheasant View
    • Rutledge, TN

    Stunning 2-Story Home in Mallard Baye SubdivisionLocated in the prestigious Mallard Bay Subdivision, this beautiful full brick home offers 3 bedrooms, 2.5 baths, and over 3,178 sq. ft. of living space. The home features a spacious main floor master suite, a large kitchen with a pantry, and a grand foyer with a staircase. Enjoy breathtaking views of Cherokee Lake and surrounding farmland/mountain

    Tony Thomas WEICHERT, REALTORS - TIGER REAL ESTATE

    Section Image
  • 310 Pocahontas Ln, Rutledge, TN 37861

    $465,000

    • 3 Beds
    • 2 Baths
    • 2,160 Sq Ft
    • 310 Pocahontas Ln
    • Rutledge, TN

    New Construction just competed in Volunteer Overlook. This Basement Ranch Plan features main level living. Comprising of an open floor plan main area for living, dining and kitchen. 3 split bedroom plan with 2 bedrooms and bath on one side and the primary suite on the other. Quality finishes throughout with LVP flooring, Tilted bathrooms and granite counters. Features like a custom drop zone,

    Steven Hardison Realty Executives Associates

    Section Image
  • 355 Pheasant View, Rutledge, TN 37861

    $629,900

    • 3 Beds
    • 2 Baths
    • 2,341 Sq Ft
    • 355 Pheasant View
    • Rutledge, TN

    Welcome to 355 Pheasant View in Mallard Baye subdivision! If you're looking for a quality built home with gorgeous, panoramic views of Cherokee Lake, this is the home for you! Step inside to discover a spacious open floor plan with 1,693 square feet of main level living. This well maintained brick home boasts 3 full bedrooms, 2 full bathrooms, laundry room, and an open kitchen/dining/living room

    Emily Epps CASTLE & ASSOCIATES REAL ESTATE

    Section Image
  • 161 Cherokee Cove, Rutledge, TN 37861

    $499,900

    • 3 Beds
    • 2.5 Baths
    • 2,186 Sq Ft
    • 161 Cherokee Cove
    • Rutledge, TN

    Gorgeous farmhouse style new construction available right off of Lakeshore Drive in Rutledge! Located in Cherokee Cove Estates with its own subdivision lake access, this move in ready home is located 20 minutes from Jefferson City, 25 minutes from Morristown, and about 45 minutes from Knoxville! On the main level, you will find the spacious living room with vaulted ceiling with kitchen, the

    Jarrod Brown Single Tree Realty

    Section Image
  • 1518 Grainger Crossing, Rutledge, TN 37861

    $499,900

    • 3 Beds
    • 3 Baths
    • 2,308 Sq Ft
    • 1518 Grainger Crossing
    • Rutledge, TN

    Welcome to the lakeside living at The Pointe Villas at Grainger's Landing in Rutledge, Tennessee. This gated community offers a tranquil retreat from the hustle and bustle of everyday life, and nestled within it is a magnificent 2308 square foot villa waiting to be called your home. Step inside this and be captivated by its seamless blend of modern design and rustic charm. With three spacious

    Mark Jackson Jackson R. E. & Auction

    Section Image
  • 1338 Grainger Crossing, Rutledge, TN 37861

    $519,900

    • 3 Beds
    • 3 Baths
    • 2,401 Sq Ft
    • 1338 Grainger Crossing
    • Rutledge, TN

    Beautifully appointed, this 3-bedroom villa is nestled in the charming community of Grainger's Crossing at Grainger's Landing. The sellers have thoughtfully added custom features to enhance the main level living and open concept design of this property. The great room, the heart of the home, is anchored by a stunning stone fireplace, with built-in cabinetry flanking each side, providing both

    Laura Dickerson Re/Max Real Estate Ten Midtown

    Section Image

Source: East Tennessee REALTORS® MLS

MLS Number: 1197741

East Tennessee REALTORS® MLS

APN: 074-007.00