NOT LISTED FOR SALE

Estimated Value: $138,000 - $171,000

0.54 Acre
$283,102 Price per Acre
23,522 Sq Ft Lot

Last Sold August 14, 2024

Last sale price $150,000

Est. 2% increase in value since last sale

Current estimated payment $948/month

20 Days on Market

Highlights

  • Boat Ramp
  • Fitness Center
  • Lake View
  • On Golf Course
  • Gated Community
  • Community Lake

About This Lot

As of August 2024

Membership to the Rarity Bay Country Club is OPTIONAL. The only required HOA fee is $1,100 a year. This property has beautiful GOLF & LAKE Views. It's a large lot that can accommodate many different house styles. There are not many premier properties like this available! Rarity Bay is a gated community that offers security, golf course, restaurant, lake access, tennis courts, pickleball, gym and swimming pool. There are covered boat slips where you can keep your boat.

Last Agent to Sell the Property

Sam Allen

Allen Realty License #340240 Listed on: 07/10/2024

Last Buyer's Agent

Karen Millikan

Lakefront Living, On the Lake License #278019

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $342

Lot Details

  • 0.54 Acre Lot
  • Lot Dimensions are 108 x 186
  • Property fronts a private road
  • On Golf Course
  • Cleared Lot
  • Finished Lot(s)
  • Zoning described as Zoned Residential

HOA Fees

  • $92 Monthly HOA Fees

Property Views

  • Lake
  • Golf Course

Utilities

  • Gas Available
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 078I C 008.00
  • $5,250 Seller Concession

Community Details

Overview

  • Rarity Bay Subdivision
  • Community Lake

Amenities

  • Clubhouse

Recreation

  • Boat Ramp
  • Boat Dock
  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities
  • Fitness Center
  • Community Pool
  • Putting Green

Security

  • Security Service
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$342

Lot Details

0

HOA Fees

$92 per month

Listing Details

  • Directions: From I-75 in Loudon County, take exit 72. Travel 13 miles on Highway 72. Turn left onto Rarity Bay entrance. Continue on Rarity Bay Parkway. Lot is on the left with nearby homesites being 811 Rarity Bay Parkway and 829 Rarity Bay Parkway.
  • Prop. Type: Lots & Acreage
  • Lot Size Acres: 0.54
  • Lot Size: 108 X 186
  • Subdivision Name: Rarity Bay
  • Improvements:Utilities on Site: Yes
  • Utilities Available:Cable TV2: Yes
  • Utilities Available:Electricity4: Yes
  • Utilities Available:Gas3: Yes
  • Utilities Available:Telephone5: Yes
  • Utilities Available:Water5: Yes
  • General Property Description:Lot Size SqFt: 23522.0
  • Property Sub-Type:Single Family2: Yes
  • Utilities Available:Sewer6: Yes
  • Road Frontage:Private3: Yes
  • View:Lake: Yes
  • Topography:Cleared: Yes
  • Lot Description:Golf Community: Yes
  • Lot Description:Golf Front: Yes
  • View:Golf Course: Yes
  • Road Access:Private Road: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Golf Course, Lake
  • Lot Features: Golf Community, Golf Front
  • Topography: Level, Cleared
  • Road Frontage Paved: Yes

Utilities

  • Security: Gated Community

Condo/Co-op/Association

  • Amenities: Clubhouse, Golf Course, Recreation Facilities, Security, Pool, Tennis Court(s)
  • Association Fee: 1100.0
  • Association Fee Frequency: Yearly

Association/Amenities

  • Community Amenities:Gated Community: Yes
  • Community Amenities:Architect Restricted: Yes
  • Community Amenities:Club House2: Yes
  • Community Amenities:Swimming Pool: Yes
  • Community Amenities:Boat Ramp: Yes
  • Community Amenities:Dock2: Yes
  • Community Amenities:Lake Access2: Yes
  • Community Amenities:Exercise Room: Yes
  • Community Amenities:Golf Course2: Yes
  • Community Amenities:Putting Greens: Yes
  • Community Amenities:Rec Facilities: Yes
  • Community Amenities:Security2: Yes
  • Community Amenities:Tennis Courts: Yes

Lot Info

  • Lot Size Sq Ft: 23522.0
  • Parcel #: 078I C 008.00
  • Zoning Description: Zoned Residential
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2025
Sold by
Tornrose Gregory and Tornrose Christine
Bought by
Tornrose Family Revocable Trust and Tornrose
Current Estimated Value
$152,875

Purchase Details

Listed on
Jul 10, 2024
Closed on
Aug 8, 2024
Sold by
Mackay Michelle Quinn and Justin Ryan Mackay Trust
Bought by
Tornrose Gregory A and Tornrose Christine N
Seller's Agent
Sam Allen
Allen Realty
Buyer's Agent
Karen Millikan
Lakefront Living, On the Lake
List Price
$165,000
Sold Price
$150,000
Premium/Discount to List
-$15,000
-9.09%
Views
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
1.81%

Purchase Details

Listed on
Jul 31, 2017
Closed on
Sep 26, 2018
Sold by
Davis Joseph P and Davis David Carole
Bought by
Mackay Michelle Q and The Justin Ryan Mackay Trust
Seller's Agent
Luke Noe
Rarity Bay Properties, LLC
Buyer's Agent
Sam Allen
Lakefront Living, On the Lake
Sold Price
$50,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.54%

Purchase Details

Closed on
Jul 24, 2014
Sold by
Lantz Norman F
Bought by
Davis Joseph P and Yoder Carole D

Purchase Details

Closed on
Nov 18, 1999
Bought by
Lantz Norman F and Peach Judith E

Purchase Details

Closed on
Aug 12, 1996
Bought by
Manspeaker George S and Manspeaker Shelby J
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
Tornrose Family Revocable Trust -- None Listed On Document
Tornrose Gregory A $150,000 Tellico Title Services
Mackay Michelle Q $50,000 Tellico Title Services Inc
Davis Joseph P $75,000 --
Lantz Norman F $80,000 --
Manspeaker George S $63,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2024 08/14/24 Sold $150,000 -9.1% --
07/31/2024 07/31/24 Pending -- -- --
07/10/2024 07/10/24 For Sale $165,000 +230.0% --
09/28/2018 09/28/18 Sold $50,000 -- --
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
2025 $342 $22,500 $22,500 --
2023 $342 $22,500 $0 $0
2022 $342 $22,500 $22,500 $0
2021 $342 $22,500 $22,500 $0
2020 $361 $22,500 $22,500 $0
2019 $361 $20,000 $20,000 $0
2018 $361 $20,000 $20,000 $0
2017 $361 $20,000 $20,000 $0
2016 $465 $25,000 $25,000 $0
2015 $465 $25,000 $25,000 $0
2014 $465 $25,000 $25,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1269109

East Tennessee REALTORS® MLS

APN: 078I-C-008.00