NOT LISTED FOR SALE

708 Shumate Rd Rutledge, TN 37861

Estimated Value: $511,550 - $642,000

3 Beds
3 Baths
2,544 Sq Ft
$227/Sq Ft Est. Value

Last Sold August 26, 2022

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

Est. 21% increase in value since last sale

Current estimated payment $3,143/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 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

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

  • 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

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
$576,638

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$101,638
Avg. Annual Appreciation
6.54%
Original Mortgage
$475,000
Outstanding Balance
$454,618
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$122,020
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
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

  • Billy Houston

    Seller's Agent in 2022

    Billy Houston

    Billy Houston Group, Realty Executives

    (865) 577-7653

    532 Total Sales

    Billy Houston
    Section Image

  • N

    Buyer's Agent in 2022

    Nancy Mullins

    Wallace

See All Agents

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1197741

East Tennessee REALTORS® MLS

APN: 074-007.00

Tennessee Grainger County Rutledge 37861

708 Shumate Rd, Rutledge, TN

This home is located at 708 Shumate Rd, Rutledge, TN 37861 since 01 July 2022 and is currently estimated at $576,638, approximately $226 per square foot. This property was built in 1981. 708 Shumate Rd is a home located in Grainger County with nearby schools including Rutledge Primary School, Rutledge Elementary School, and Rutledge Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

East Tennessee REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.

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