NOT LISTED FOR SALE

708 Shumate Rd Rutledge, TN 37861

Estimated Value: $403,000 - $648,000

3 Beds
3 Baths
2,544 Sq Ft
$214/Sq Ft Est. Value

Sale Details

Date Sold: August 26, 2022

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

Est. 15% increase in value since last sale

Current estimated payment $2,969 / mo

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 Agent to Sell the Property

Billy Houston

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

Billy Houston Group, Realty Executives

Last Buyer's Agent

Nancy Mullins

Wallace

Home Details

Home Type

  • Single Family

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

  • Central 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

Year Built

Built in 1981

Lot Details

35.5 Acres

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
$545,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,257
Avg. Annual Appreciation
3.85%
Original Mortgage
$475,000
Outstanding Balance
$453,355
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$91,902
Source: Public Records
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

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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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

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 $1,173 $49,900 $9,425 $40,475
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

Source: East Tennessee REALTORS® MLS

MLS Number: 1197741

East Tennessee REALTORS® MLS

APN: 074-007.00

Your Personal Tour Guide

Ask me questions while you tour the home.