NOT LISTED FOR SALE

721 Falls Rd Unit 1 Monterey, TN 38574

Estimated Value: $776,000 - $970,665

4 Beds
3.5 Baths
4,050 Sq Ft
$216/Sq Ft Est. Value

Last Sold June 13, 2016

Last sale price $477,500 $118 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $5,025/month

640 Days on Market

Highlights

  • Golf Course Community
  • In Ground Pool
  • Landscaped Professionally
  • Barn
  • Colonial Architecture
  • Private Lot

About This Home

As of June 2016

Beautiful custom full brick home in Cumberland Cove with 18x36 in ground pool w/diving Bd. Located on 17.7 Wooded acres w/ 1800+ of road frontage. Home features 4 bdrm., 3.5 ba, wonderful Kitchen w/ solid cherry cabinetry, 3 car attached garage, 30x50 detached gar./shop w/10ft Sheds either side, large stocked pond w/dock. 900 sq.ft. of covered concrete porches, concrete circle drive w/brick entrance. Property has over 1 mile of trails for ATV or horse back riding. Largest park in Cum

Last Agent to Sell the Property

Brenda Turner

CENTURY 21 Realty Group, LLC License #210316 Listed on: 08/14/2014

CENTURY 21 Realty Group, LLC

Last Buyer's Agent

Janice Hamby

Third Tennessee Realty and Associates LLC License #014372

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,171

Year Built

  • Built in 2009

Lot Details

  • 17.7 Acre Lot
  • Landscaped Professionally
  • Private Lot
  • Wooded Lot

HOA Fees

  • $20 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 4,050 Sq Ft Home
  • 2 Fireplaces
  • Ventless Fireplace
  • Insulated Windows
  • Wood Frame Window
  • Family Room
  • Living Room
  • Dining Room
  • Recreation Room
  • Crawl Space

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • In Ground Pool
  • Lake, Pond or Stream
  • Covered patio or porch
  • Separate Outdoor Workshop

Additional Features

  • Barn
  • Zoned Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 046 001.22
  • Tax Block 5

Community Details

Overview

  • Cumberland Cove Subdivision

Recreation

  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,171

Year Built

Built in 2009

Lot Details

0

HOA Fees

$20 per month

Listing Details

  • Directions: Hwy 70N to Cumberland Cove, left on Falls Road, continue on Falls Road, 2nd right turn. Home on left.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 2009
  • Lot Size Acres: 17.7
  • Lot Size: 17.7 Acres
  • Subdivision Name: Cumberland Cove
  • Architectural Style: Colonial
  • Property Attached Yn: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Smoke Detector, Self Cleaning Oven, Security Alarm, Refrigerator, Microwave
  • Has Basement: Crawl Space
  • Fireplace: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Ventless
  • Fireplaces: 2
  • Flooring: Hardwood, Tile
  • ResoLivingAreaSource: Plans

Exterior Features

  • Exterior Features: Windows - Wood, Windows - Insulated, Pool - Swim (Ingrnd), Porch - Covered, Prof Landscaped
  • Lot Features: Private, Pond, Wooded, Golf Community
  • Construction Type: Brick
  • Other Structures: Barn(s), Workshop

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Attached, 3 Car Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee: 242.0
  • Association Fee Frequency: Yearly
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 771012.0
  • Parcel #: 046 001.22
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Block: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2014
Closed on
Jun 13, 2016
Sold by
Swallows Randy Paul
Bought by
Luker Charles C and Luker Kathy A
Seller's Agent
Brenda Turner
CENTURY 21 Realty Group, LLC
Buyer's Agent
Janice Hamby
Third Tennessee Realty and Associates LLC
Sold Price
$477,500
Current Estimated Value
$873,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$395,833
Avg. Annual Appreciation
6.82%
Original Mortgage
$295,216
Outstanding Balance
$238,122
Interest Rate
3.57%
Mortgage Type
Commercial
Estimated Equity
$635,211

Purchase Details

Listed on
Aug 14, 2014
Closed on
Jun 7, 2016
Sold by
Swallows Heather R
Bought by
Swallows Randy Paul
Seller's Agent
Brenda Turner
CENTURY 21 Realty Group, LLC
Buyer's Agent
Janice Hamby
Third Tennessee Realty and Associates LLC
Sold Price
$477,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$295,216
Outstanding Balance
$238,122
Interest Rate
3.57%
Mortgage Type
Commercial
Estimated Equity
$635,211

Purchase Details

Closed on
Sep 4, 2015
Sold by
Swallows Randy Paul
Bought by
Swallows Randy Paul

Purchase Details

Closed on
May 14, 2009
Sold by
Fabus Jerry
Bought by
Swallows Randy Paul

Purchase Details

Closed on
Jan 20, 2003
Sold by
Kraus David W
Bought by
Fabus Jerry

Purchase Details

Closed on
Feb 3, 2000
Sold by
Forest View Properties
Bought by
Fernandez Mark A

Purchase Details

Closed on
Aug 13, 1991
Bought by
Kraus David W
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
Luker Charles C $477,500 --
Swallows Randy Paul -- --
Swallows Randy Paul -- --
Swallows Randy Paul -- --
Swallows Randy Paul $72,500 --
Fabus Jerry $16,000 --
Fernandez Mark A $25,000 --
Kraus David W $30,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luker Charles C $140,000
Closed Luker Charles C $100,000
Open Luker Charles C $295,216
Previous Owner Swallows Randy Paul $325,000
Previous Owner Swallows Randy Paul $290,030
Previous Owner Swallows Randy P $152,600
Previous Owner Swallows Randy P $203,646
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2016 06/13/16 Sold $477,500 -- $118 / Sq Ft
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 $2,171 $191,250 $10,000 $181,250
2023 $2,171 $191,250 $0 $0
2022 $1,935 $170,500 $10,000 $160,500
2021 $1,950 $124,575 $10,000 $114,575
2020 $1,950 $124,575 $10,000 $114,575
2019 $1,950 $124,575 $10,000 $114,575
2018 $1,950 $124,575 $10,000 $114,575
2017 $1,950 $124,575 $10,000 $114,575
2016 $1,878 $122,950 $10,000 $112,950
2015 $1,841 $122,950 $10,000 $112,950
2014 $1,841 $122,944 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brenda Turner

    Seller's Agent in 2016

    Brenda Turner

    CENTURY 21 Realty Group, LLC

    (800) 358-8812

    352 Total Sales

    Section Image
  • Janice Hamby

    Buyer's Agent in 2016

    Janice Hamby

    Third Tennessee Realty and Associates LLC

    (931) 335-0524

    225 Total Sales

    Section Image
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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 897422

East Tennessee REALTORS® MLS

APN: 046-001.23

Tennessee Cumberland County Monterey 38574

721 Falls Rd Unit 1, Monterey, TN

This home is located at 721 Falls Rd Unit 1, Monterey, TN 38574 since 14 August 2014 and is currently estimated at $873,333, approximately $215 per square foot. This property was built in 2009. 721 Falls Rd Unit 1 is a home located in Cumberland County with nearby schools including Pleasant Hill Elementary School and Cumberland County High 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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