NOT LISTED FOR SALE

Estimated Value: $1,511,000 - $1,595,973

4 Beds
3.5 Baths
4,900 Sq Ft
$317/Sq Ft Est. Value

Last Sold August 13, 2024

Last sale price $1,515,000 $309 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $8,740/month

6 Days on Market

Highlights

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

About This Home

As of August 2024

Call us today to schedule a private tour of this stunning, immaculate, and newly updated home in Rarity Bay on Tellico Lake. This gorgeous golf course residence boasts beautiful lake views and lush landscaping, perfect for all the outdoor entertaining your heart desires. Step inside and take note of the meticulous attention to detail, with many architectural features throughout, including deep crown moldings, refinished red oak hardwood floors, custom cabinetry, a new front modern door, Trex decking, and freshly painted walls. Let's not forget a brand NEW heated, salt water swimming pool with a sun bathing area surrounded by a new patio of pavers & aluminum fence! A perfect Oasis!

The home features numerous recent upgrades, such as new landscape lighting, water heaters, Viking double ovens with a warming drawer, dishwasher, gas cooktop, internet infrastructure, a hammered copper sink, exterior speakers, main level chandeliers, and more, The remodeled areas include the main bathroom, kitchen, spa bath, guest bath, a newer driveway with pavers, and a bar area.

Spend a beautiful evening entertaining loved ones and enjoy the picturesque sunset on your large, covered terrace overlooking the lake. Finish the evening with friends in your custom bar or relax in your own therapeutic spa and spa room also can serve as a future bedroom. The meticulously maintained lawn and landscaping create a landscaping paradise.

Enjoy the exceptional amenities of Rarity Bay living! A private country club that includes dining, member events, swimming, tennis courts, workout area, pickle ball courts, boat/jet ski rentals and an 18 hole signature golf course. Other amenities in the community include boat slips, sidewalks, community garden, dog park, gated community, equestrian center, hiking trails and community activity center. Don't miss out on this incredible opportunity to own a piece of paradise in Rarity Bay. Schedule a private tour today!

Last Agent to Sell the Property

Luke Noe

Rarity Bay Properties, LLC License #304073 Listed on: 07/19/2024

Last Buyer's Agent

Karen Millikan

Lakefront Living, On the Lake License #278019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,062

Year Built

  • Built in 2000

Lot Details

  • 0.52 Acre Lot
  • On Golf Course
  • Fenced Yard
  • Landscaped Professionally
  • Level Lot
  • Rain Sensor Irrigation System

HOA Fees

  • $92 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Parking Available
  • Side or Rear Entrance to Parking
  • Garage Door Opener

Property Views

  • Lake
  • Golf Course
  • Mountain

Home Design

  • Traditional Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Stucco Exterior

Interior Spaces

  • 4,900 Sq Ft Home
  • Wet Bar
  • Central Vacuum
  • Wired For Data
  • Cathedral Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Insulated Windows
  • Drapes & Rods
  • Great Room
  • Breakfast Room
  • Formal Dining Room
  • Sun or Florida Room
  • Screened Porch
  • Storage

Kitchen

  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Finished Basement

  • Walk-Out Basement
  • Recreation or Family Area in Basement

Home Security

  • Home Security System
  • Fire and Smoke Detector

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Deck
  • Patio
  • Outdoor Gas Grill

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Septic Tank
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Property Available on 7/19/24
  • Assessor Parcel Number 078I C 007.00

Community Details

Overview

  • Rarity Bay Subdivision
  • Mandatory home owners association
  • Community Lake

Recreation

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

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,062

Year Built

Built in 2000

Lot Details

0

HOA Fees

$92 per month

Parking

3

Listing Details

  • Directions: TAKE I-75S to exit 72. Turn left onto hwy. 72 and drive for 13.3 miles to entrance of Rarity Bay. Turn left and continue on Rarity Bay Parkway till subject home is on your left.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 2000
  • Lot Size Acres: 0.52
  • Subdivision Name: Rarity Bay
  • Architectural Style: Other, Traditional
  • Property Attached Yn: No
  • Lot Description:Rolling Slope: Yes
  • View:Mountain View: Yes
  • View:Lake: Yes
  • General Property Description:Fireplace: Yes
  • General Property Description:SqFt - Main Lvl: 2486.0
  • General Property Description:SqFt - Down Lvl: 2436.0
  • General Property Description:_pound_ Fireplace: 2.0
  • General Property Description:HOA: Mandatory
  • General Property Description:Basement: Yes
  • General Property Description:Bonus Room: No
  • General Property Description:Extra Storage: Yes
  • AtchdDtchd Type:Detached: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Cooling: Yes
  • Floors:Carpet: Yes
  • Floors:Hardwood: Yes
  • Fuel:Electric: Yes
  • Fuel:Gas (Natural): Yes
  • Heat:Central: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Misc Features:Internet Available: Yes
  • Misc Features:Walk-in Closets: Yes
  • Misc Features:WasherDryer Connect: Yes
  • Sewer:Public Sewer: Yes
  • Water:Public: Yes
  • Percent Basement Finished: Yes
  • Floors:Tile2: Yes
  • Basement Walkout: Yes
  • Dining Area:Formal Dining Area: Yes
  • Misc Features:Cathedral Ceiling: Yes
  • Misc Features:Drapes: Yes
  • Misc Features:Wired for Internet: Yes
  • Lot Description:Golf Community: Yes
  • View:Golf Course: Yes
  • Heat:Forced Air: Yes
  • Dining Area:Breakfast Room2: Yes
  • Misc Features:Whirlpool Tub: Yes
  • Lot Description:Golf Course Front: Yes
  • Siding:Stucco2: Yes
  • Misc Features:Hot Tub: Yes
  • Misc Features:Wet Bar: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Central Vacuum, Dishwasher, Disposal, Gas Grill, Microwave, Range, Refrigerator, Security Alarm, Self Cleaning Oven, Smoke Detector, Trash Compactor
  • Has Basement: Finished, Walkout
  • Fireplace: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Masonry, Gas Log
  • Fireplaces: 2
  • Flooring: Carpet, Hardwood, Tile
  • ResoLivingAreaSource: Owner
  • Fireplace:Gas Log: Yes
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Security Alarm: Yes
  • Appliances:Smoke Detector: Yes
  • Other Rooms:LaundryUtility: Yes
  • Other Rooms:Mstr Bdrm Main Level: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Other Rooms:Basement Rec Room: Yes
  • Other Rooms:Sunroom: Yes
  • Appliances:Gas Grill: Yes
  • Other Rooms:Great Room: Yes
  • Misc Features:Island in Kitchen: Yes
  • Other Rooms:Breakfast Room: Yes
  • Other Rooms:Split Bedroom: Yes
  • Appliances:Central Vacuum: Yes
  • Appliances:Trash Compactor: Yes
  • Fireplace:Masonry2: Yes

Exterior Features

  • Exterior Features: Irrigation System, Windows - Insulated, Fenced - Yard, Patio, Pool - Swim (Ingrnd), Porch - Covered, Porch - Screened, Prof Landscaped, Deck, Cable Available (TV Only)
  • View: Mountain View, Golf Course, Other, Lake
  • Lot Features: Golf Community, Golf Course Front, Level, Rolling Slope
  • Construction Type: Stucco, Block, Brick
  • Exterior Features:Deck: Yes
  • Exterior Features:Fenced - Yard: Yes
  • Exterior Features:Porch - Screened: Yes
  • Exterior Features:Porch - Covered: Yes
  • Exterior Features:Cable Available (TV Only): Yes
  • Exterior Features:Windows - Insulated: Yes
  • Construction:Block2: Yes
  • Construction:Brick5: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Prof Landscaped: Yes
  • Exterior Features:Pool - Swim (Ingrnd): Yes
  • Exterior Features:Irrigation System: Yes

Garage/Parking

  • GarageParkingGarageSpaces: 3.0
  • Attached Garage: Yes
  • Garage Spaces: 3.0
  • Parking Features: Garage Door Opener, Attached, Side/Rear Entry, Main Level
  • GarageParking:Attached2: Yes
  • GarageParking:Garage Door Opener: Yes
  • GarageParking:SideRear Entry: Yes
  • GarageParking:Main Level: Yes

Utilities

  • Cooling: Central Cooling, Ceiling Fan(s)
  • Security: Gated Community
  • Cooling Y N: Yes
  • Heating: Central, Forced Air, Natural Gas, Electric
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Amenities: Clubhouse, Golf Course, Pool, Tennis Court(s)
  • Association Fee: 1100.0
  • Association Fee Frequency: Yearly
  • Association: Yes

Association/Amenities

  • Community Amenities:Gated Community: Yes
  • Community Amenities:Architect Restricted: Yes
  • Community Amenities:Club House2: Yes
  • Community Amenities:Sidewalks: 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:Tennis Courts: Yes
  • Association Fee Incl:Other20: Yes

Lot Info

  • Lot Size Sq Ft: 22651.2
  • Parcel #: 078I C 007.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Available Date: 2024-07-19

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
$1,552,493

Purchase Details

Listed on
Jul 19, 2024
Closed on
Aug 13, 2024
Sold by
Daniel Albert Franklin Revocable Trust and Franklin Brooke
Bought by
Tornrose Gregory and Tornrose Christine
Seller's Agent
Luke Noe
Rarity Bay Properties, LLC
Buyer's Agent
Karen Millikan
Lakefront Living, On the Lake
List Price
$1,590,000
Sold Price
$1,515,000
Premium/Discount to List
-$75,000
-4.72%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.33%

Purchase Details

Closed on
Mar 30, 2020
Sold by
Griffin James R and Griffin Delaine
Bought by
Maher Dennis A and Maher Jennifer M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 17, 2011
Sold by
Ehr Marilyn L
Bought by
Griffin James R

Purchase Details

Closed on
Aug 10, 2007
Sold by
Boundy Duane H
Bought by
Ehr Marilyn L

Purchase Details

Closed on
May 8, 2006
Sold by
Boundy Duane E
Bought by
Boundy Duane H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.5%

Purchase Details

Closed on
Dec 12, 1996
Sold by
Tellico Lake Properties Lp
Bought by
Duane Boundy
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 $1,515,000 Tellico Title Services
Maher Dennis A $850,000 Tellico Title Services Inc
Griffin James R $769,000 --
Ehr Marilyn L $1,100,000 --
Boundy Duane H -- --
Duane Boundy $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Maher Dennis A $510,000
Previous Owner Boundy Duane H $25,000
Previous Owner Boundy Duane E $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2024 08/13/24 Sold $1,515,000 -4.7% $309 / Sq Ft
07/26/2024 07/26/24 Pending -- -- --
07/19/2024 07/19/24 For Sale $1,590,000 +27.2% $324 / Sq Ft
01/30/2023 01/30/23 Sold $1,250,000 -7.4% $255 / Sq Ft
12/21/2022 12/21/22 Pending -- -- --
10/17/2022 10/17/22 For Sale $1,350,000 +58.8% $276 / Sq Ft
09/30/2020 09/30/20 Sold $850,000 -- $173 / 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
2025 $3,062 $254,800 $22,500 $232,300
2023 $3,062 $201,675 $0 $0
2022 $3,062 $201,675 $22,500 $179,175
2021 $3,062 $201,675 $22,500 $179,175
2020 $3,003 $201,675 $22,500 $179,175
2019 $3,003 $166,500 $20,000 $146,500
2018 $3,003 $166,500 $20,000 $146,500
2017 $3,003 $166,500 $20,000 $146,500
2016 $3,347 $180,075 $25,000 $155,075
2015 $3,347 $180,075 $25,000 $155,075
2014 $3,347 $180,075 $25,000 $155,075
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1269620

East Tennessee REALTORS® MLS

APN: 078I-C-007.00