852 Dreamland Rd Spring City, TN 37381
5
Beds
6.5
Baths
3,682
Sq Ft
0.9
Acres
Highlights
- Docks
- Lake View
- Deck
- Boat Ramp
- Waterfront
- Contemporary Architecture
About This Home
As of October 2024Stunning modern lake home! Featuring a dock, exceptional privacy and incredible 180-degree views, this house is located on the Watts Bar section of the Tennessee River, just 1 hour from Chattanooga or Knoxville. The home comes with an adjoining lot that brings the property to a total of 1.3+ acres! It has 5 bedrooms + a bonus, 6.5 bathrooms, a commercial-style kitchen, home theater, custom flagstone fire-pit, billiards table and even a hot tub. Even though it has the space to entertain large groups, this 2023 home is extremely energy-efficient, featuring Hardie siding, Anderson windows and LG Inverter HVAC systems. The garage is wired for an electric vehicle charger. The floating dock sits in a private cove that has deep water year round. The additional included lot has also been approved for a dock and a 4-bedroom home and provides either seclusion or an opportunity to build a second residence. The outlet from the cove to Watts Bar Lake is passable by boat from the spring to the fall, and the property is located just 3.9 miles from Spring City Marina, 3.5 miles from Rhea Harbor Marina and 1.5 miles from Spring City Boat Ramp. Seller will include the custom furniture with acceptable offer. This is the ultimate turnkey lake getaway you've been dreaming of! Shown to qualified buyers by appointment only. (Information is provided in good faith and is deemed reasonable, but is not guaranteed).
Last Agent to Sell the Property
Keller Williams Realty License #333279 Listed on: 09/04/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,767
Year Built
- Built in 2023
Lot Details
- 0.9 Acre Lot
- Waterfront
- Corner Lot
Property Views
- Lake
- Mountain
Home Design
- Contemporary Architecture
Interior Spaces
- 3,682 Sq Ft Home
- Combination Kitchen and Dining Room
- Bonus Room
- Wood Flooring
- Washer and Dryer Hookup
- Finished Basement
Kitchen
- Eat-In Kitchen
- Stove
- Dishwasher
- Kitchen Island
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-in Shower
Parking
- Attached Garage
- Off-Street Parking
Outdoor Features
- Boat Ramp
- Docks
- Deck
- Covered Patio or Porch
Schools
- Rhea County High School
Utilities
- Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- Septic Tank
Community Details
- No Home Owners Association
- Holiday Point Ph 2 Subdivision
Listing and Financial Details
- Assessor Parcel Number 031K C 001.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 4, 2024
Closed on
Oct 24, 2024
Sold by
Hammond Roger David and Hammond Jonathan D
Bought by
Ansol Inc
Seller's Agent
Daniel Staub
Keller Williams Realty
Buyer's Agent
Daniel Staub
Keller Williams Realty
List Price
$1,380,000
Sold Price
$1,200,000
Premium/Discount to List
-$180,000
-13.04%
Views
241
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,018
Avg. Annual Appreciation
4.99%
Purchase Details
Closed on
Oct 18, 2023
Sold by
Hammond Brothers Construction Llc
Bought by
Hammond Roger David and Hammond Jonathan D
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$603,900
Interest Rate
8.63%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 30, 2022
Sold by
Hammond Brothers Construction Llc
Bought by
Hammond Brothers Construction Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$603,900
Interest Rate
6.95%
Mortgage Type
Construction
Purchase Details
Closed on
Sep 2, 2022
Sold by
Shuler Group Holdings Llc
Bought by
Hammond Brothers Properties Llc
Purchase Details
Closed on
Sep 29, 2020
Sold by
Chrisco
Bought by
Shuler Group Holdings
Purchase Details
Closed on
Dec 1, 2010
Sold by
Danco
Bought by
Chrisco
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
4.32%
Purchase Details
Closed on
Aug 24, 2009
Sold by
Castaway Development Llc
Bought by
Danco
Purchase Details
Closed on
Dec 18, 2002
Bought by
Castaway Development Llc
Similar Homes in Spring City, TN
-
$1,200,000
- 3 Beds
- 3 Baths
- 3,695 Sq Ft
- 480 Lake Harbor Dr
- Spring City, TN
Commanding a premier position on the banks of the Tennessee River, this extraordinary waterfront residence lies well within the established and highly desirable gates of Lakefront Estates on Watts Bar. Celebrated as a thriving waterfront, this resort-style community is surrounded in deep, year-round water with pristine shorelines is embraced by a peaceful, private ambiance. Purposefully
Linda Brock Real Estate Partners Chattanooga LLC
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,200,000 | Cumberland Title | |
| Quit Claim Deed | -- | Cumberland Title | |
| Quit Claim Deed | -- | Cumberland Title & Guaranty | |
| Warranty Deed | $115,000 | Cumberland Title & Guaranty | |
| Warranty Deed | $62,000 | Title Insurance Company | |
| Deed | $135,000 | -- | |
| Deed | $150,734 | -- | |
| Deed | $99,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $603,900 | New Conventional | |
| Previous Owner | $603,900 | Construction | |
| Previous Owner | $135,000 | No Value Available | |
| Previous Owner | $100,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/24/2024 10/24/24 | Sold | $1,200,000 | -13.0% | $326 / Sq Ft |
| 10/02/2024 10/02/24 | Pending | -- | -- | -- |
| 09/04/2024 09/04/24 | For Sale | $1,380,000 | -- | $375 / Sq Ft |
Source: East Tennessee REALTORS® MLS
Tax History Compared to Growth
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 | $5,767 | $427,600 | $62,000 | $365,600 |
| 2023 | $3,813 | $112,425 | $40,000 | $72,425 |
| 2022 | $902 | $40,000 | $40,000 | $0 |
| 2021 | $902 | $40,000 | $40,000 | $0 |
| 2020 | $902 | $40,000 | $40,000 | $0 |
| 2019 | $902 | $40,000 | $40,000 | $0 |
| 2018 | $961 | $43,750 | $43,750 | $0 |
| 2017 | $961 | $43,750 | $43,750 | $0 |
| 2016 | $961 | $43,750 | $43,750 | $0 |
| 2015 | $917 | $43,750 | $43,750 | $0 |
| 2014 | $917 | $43,750 | $43,750 | $0 |
| 2013 | -- | $43,750 | $43,750 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2024
Daniel Staub
Keller Williams Realty
(423) 486-4929
1 in this area
257 Total Sales
Map
Source: East Tennessee REALTORS® MLS
MLS Number: 1275351
APN: 031K-C-001.00
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.
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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