$120,000
SOLD SEP 30, 2021
0.34 Acre
$352,941 Price per Acre
14,810 Sq Ft Lot

Recently Sold

82 Days on Market

Highlights

  • Boat Ramp
  • Gated Community
  • Community Lake
  • On Golf Course
  • Lake View
  • Clubhouse

About This Lot

As of August 2024

Golfer's Dream building lot in the Upscale Gated Lake and Golfing Community of Rarity Bay. NO Mandatory Social Membership is required with this lot, that's right NO membership required! This lot is located right on the Golf Course with Lake and Mountain Views. Nothing like waking up and watching the golfers and boats pass by. The Rarity community offers members Private Golf Club, Swimming, Tennis, Pickle Ball, Equestrian Center, and more. Many clubs and activities are offered as well as Marina's with slips to lease. Rarity Bay offers a wonderful Lake and Golfing Community lifestyle located on Pristine Tellico Lake.

Last Agent to Sell the Property

Karen Packett

Lake Homes Realty License #244428 Listed on: 06/10/2021

Last Buyer's Agent

TERESA RAMAGE

NLMNLM License #00256426

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $474

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 114x147x110x129
  • Property fronts a private road
  • On Golf Course
  • Irregular Lot
  • Finished Lot(s)
  • Zoning described as None, Zoned Residential

HOA Fees

  • $70 Monthly HOA Fees

Property Views

  • Lake
  • Golf Course
  • Mountain
  • Seasonal

Utilities

  • Gas Available
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 078i C 016.00

Community Details

Overview

  • Rarity Bay Subdivision
  • Community Lake

Amenities

  • Picnic Area
  • Clubhouse

Recreation

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

Security

  • Security Service
  • Gated Community

Property Details

Property Type

Land

Est. Annual Taxes

$474

Lot Details

0

HOA Fees

$70 per month

Listing Details

  • Directions: From Vonore - take 411 south, Right on 72, Right into Rarity Bay, stay on Rarity Bay Pkwy - lot on R top of hill after passing Lace Wing Dr From I-75 take exit onto Hwy 72 towards Vonore approximately 13 miles; Left into Rarity Bay, stay on Rarity Bay Pkwy lot on R top of hill after passing Lace Wing Dr
  • Prop. Type: Lots & Acreage
  • Lot Size Acres: 0.34
  • Lot Size: 114x147x110x129
  • Subdivision Name: Rarity Bay
  • Improvements:Utilities on Site: Yes
  • View:Mountain View: 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: 14810.0
  • Property Sub-Type:Single Family2: Yes
  • Lot Description:Irregular Lot: Yes
  • Utilities Available:Sewer6: Yes
  • Road Frontage:Private3: Yes
  • View:Lake: Yes
  • View:Seasonal Lake View: Yes
  • Lot Description:Golf Community: Yes
  • Lot Description:Golf Front: Yes
  • View:Golf Course: Yes
  • View:Seasonal Mountain: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Golf Course, Mountain View, Seasonal Lake View, Seasonal Mountain, Other, Lake
  • Lot Features: Golf Community, Golf Front, Irregular Lot
  • Road Frontage Paved: Yes

Utilities

  • Security: Gated Community

Condo/Co-op/Association

  • Amenities: Clubhouse, Golf Course, Playground, Recreation Facilities, Security, Pool, Tennis Court(s)
  • Association Fee: 837.0
  • 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:PicnicBarbeque Area: 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
  • Community Amenities:Playground: Yes

Lot Info

  • Lot Size Sq Ft: 14810.0
  • Parcel #: 078i C 016.00
  • Zoning Description: None, Zoned Residential
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2024
Closed on
Aug 30, 2024
Sold by
Tornrose Gregory A and Tornrose Christine N
Bought by
Bitney Damon and Bitney Shannon
Seller's Agent
Karen Millikan
Lakefront Living, On the Lake
Buyer's Agent
Emery Tumulty
River Rock Real Estate Group
List Price
$164,900
Sold Price
$137,500
Premium/Discount to List
-$27,400
-16.62%
Total Days on Market
82
Views
26
Current Estimated Value
$160,034

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,534
Avg. Annual Appreciation
-0.67%
Original Mortgage
$110,000
Outstanding Balance
$98,998
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$37,651

Purchase Details

Listed on
Jun 10, 2021
Closed on
Sep 27, 2021
Sold by
Busciglio Margarita C and Cyprus Margarita C
Bought by
Tornrose Gregory A and Tornrose Christine N
Seller's Agent
Karen Packett
Lake Homes Realty
Buyer's Agent
TERESA RAMAGE
NLMNLM
Sold Price
$120,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.77%

Purchase Details

Closed on
Feb 24, 2006
Sold by
Province George W
Bought by
Busciglio Peter A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,885
Interest Rate
6.05%

Purchase Details

Closed on
May 3, 1996
Sold by
Tellico Lake Properties Lp
Bought by
George Province
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 Type Sale Price Title Company
Warranty Deed $137,500 Tellico Title Services
Warranty Deed $120,000 Tellico Title Services Inc
Deed $198,000 --
Deed $66,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $110,000 New Conventional
Previous Owner $194,885 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2024 08/30/24 Sold $137,500 -8.3% --
08/15/2024 08/15/24 Pending -- -- --
07/13/2024 07/13/24 Price Changed $149,900 -9.1% --
03/19/2024 03/19/24 For Sale $164,900 +37.4% --
09/30/2021 09/30/21 Sold $120,000 -- --
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
2023 $474 $31,250 $0 $0
2022 $474 $31,250 $31,250 $0
2021 $474 $31,250 $31,250 $0
2020 $564 $31,250 $31,250 $0
2019 $564 $31,250 $31,250 $0
2018 $564 $31,250 $31,250 $0
2017 $564 $31,250 $31,250 $0
2016 $697 $37,500 $37,500 $0
2015 $697 $37,500 $37,500 $0
2014 $697 $37,500 $37,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1156007

East Tennessee REALTORS® MLS

APN: 078I-C-016.00