NOT LISTED FOR SALE

867 Welcome Valley Rd Benton, TN 37307

Estimated Value: $1,567,882

3 Beds
2.5 Baths
2,047 Sq Ft
$766/Sq Ft Est. Value

Sale Details

Date Sold: October 22, 2021

Last sale price $2,100,000 $1,026 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $9,225 / mo

12 Days on Market

Highlights

  • Lake Front
  • Guest House
  • Deck
  • Docks
  • Open Floorplan
  • Wooded Lot

About This Home

As of October 2021

Situated on approximately 17 +/- acres with 944.5 +/- feet of Ocoee River frontage, Welcome Valley Village is currently an ongoing business comprised of an owner's residence or rentable main house, 5 guest cabins of varying sizes, a ''barn apartment'', a new riverfront event and gathering pavilion with dock, pergola and restroom facilities, fire pit areas, horseshoe pit, hiking trails, a pedestrian bridge, a basketball court - all surrounded by a private and serene wooded setting within 20 minutes of Cleveland, 45 minutes of Chattanooga and 3 miles from the town of Benton. Expansion plans are in the works, so act fast as price is subject to change with progress. Whether you are looking for a new business or investment venture or simply a change of pace, then this could be the opportunity that you have been waiting for. Some of the natural materials in the main house and cabins feature log siding, Yellow Pine tongue and groove flooring, knotty pine interior walls, stacked stone wood burning fireplaces, lovely natural lighting through ample windows, as well as wonderful outdoor living spaces. The main house has a private driveway with a circular portion accessing the 25 X 25 timber framed carport and the 2 story "Barn" which has room for a workshop, tons of storage a second story apartment. Set among the trees, the main house boasts winter river views and year round serenity with a covered front porch and rear deck offering outdoor living and entertaining spaces. The basement level has an office with a separate entry for guest check-in, a laundry facility with a garage door for easy access by housekeeping, great storage for linens and such, and a storm shelter space. The main level has an open floor plan including the great room that has a beamed ceiling, a stacked stone fireplace, French doors to the rear deck and opens to the kitchen and dining areas. There is also an office and powder room. The master suite plus 2 bedrooms and a full bath are on the upper level.

Last Agent to Sell the Property

Jay Robinson

Greater Downtown Realty dba Keller Williams Realty Brokerage Phone: 4239036404 License #255994 Listed on: 08/31/2021

Greater Downtown Realty dba Keller Williams Realty

Last Buyer's Agent

Sarah Ketterer

Greater Downtown Realty dba Keller Williams Realty License #328768

Greater Downtown Realty dba Keller Williams Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,223

Year Built

  • Built in 1992

Lot Details

  • 17 Acre Lot
  • Lake Front
  • Level Lot
  • Wooded Lot

Home Design

  • Frame Construction
  • Metal Roof
  • Stone Siding
  • Log Siding

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • High Ceiling
  • Wood Burning Fireplace
  • ENERGY STAR Qualified Windows
  • Great Room with Fireplace
  • Wood Flooring
  • Water Views
  • Fire and Smoke Detector
  • Washer and Gas Dryer Hookup
  • Finished Basement

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Parking

  • Garage
  • Garage Door Opener

Outdoor Features

  • Docks
  • Deck
  • Patio
  • Porch

Additional Homes

  • Guest House

Schools

  • Benton Elementary School
  • Chilhowee Middle School
  • Polk County High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 055 05503 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,223

Year Built

Built in 1992

Lot Details

17 Acres

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1992
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 2

Interior Features

  • Interior Amenities: High Ceilings, Open Floorplan, Walk-In Closet(s)
  • Appliances: Disposal, Dishwasher
  • Fireplace Features: Wood Burning, Great Room
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Finished Wood
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Has Basement: Finished
  • Above Grade Finished Sq Ft: 1898
  • Below Grade Sq Ft: 149
  • Building Area Units: Square Feet
  • Living Area: 2047
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Dock, Carriage/Guest House, Garage Door Opener
  • Construction Type: Frame, Log, Stone
  • Patio And Porch Features: Deck, Patio, Porch
  • Pool Private: No
  • Roof: Metal
  • View: Water
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Detached

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Security: Smoke Detector(s)
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Green Features

  • Efficiency: Windows

Lot Info

  • Lot Features: Level, Other, Sloped, Wooded
  • Lot Size Acres: 17
  • Lot Size: 17 Acres
  • Lot Size Units: Acres
  • Parcel #: 055 05503 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 4223

MLS Schools

  • Elementary School: Benton Elementary
  • High School: Polk County High School
  • Middle Or Junior School: Chilhowee Middle School

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2021
Closed on
Oct 20, 2021
Sold by
Bought by
Seller's Agent
Jay Robinson
Greater Downtown Realty dba Keller Williams Realty
Buyer's Agent
Sarah Ketterer
Greater Downtown Realty dba Keller Williams Realty
List Price
$1,995,000
Sold Price
$2,100,000
Premium/Discount to List
$105,000
5.26%
Current Estimated Value
$1,567,882

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$532,118
Avg. Annual Appreciation
-5.97%
Original Mortgage
$1,680,000
Outstanding Balance
$378,451
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$1,189,431

Purchase Details

Listed on
Nov 26, 2019
Closed on
Jul 31, 2020
Sold by
Bought by
Seller's Agent
Jay Robinson
Greater Downtown Realty dba Keller Williams Realty
Buyer's Agent
Jay Robinson
Greater Downtown Realty dba Keller Williams Realty
List Price
$1,400,000
Sold Price
$1,150,000
Premium/Discount to List
-$250,000
-17.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
63.16%
Original Mortgage
$862,500
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 13, 1994
Sold by
Bought by

Purchase Details

Closed on
Jul 5, 1993
Bought by

Purchase Details

Closed on
Feb 21, 1992
Bought by

Purchase Details

Closed on
Jan 12, 1991
Bought by

Purchase Details

Closed on
Jul 25, 1989
Bought by
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,100,000 Cumberland Ttl & Guaranty Co
$1,150,000 Cumberland Ttl & Guaranty Co
$135,000 --
$37,500 --
$75,000 --
$5,200 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,680,000
Previous Owner $862,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/22/2021 10/22/21 Sold $2,100,000 +5.3% $1,026 / Sq Ft
09/12/2021 09/12/21 Pending -- -- --
08/31/2021 08/31/21 For Sale $1,995,000 +73.5% $975 / Sq Ft
07/31/2020 07/31/20 Sold $1,150,000 -17.9% $562 / Sq Ft View Prior Sale
05/20/2020 05/20/20 Pending -- -- --
11/26/2019 11/26/19 For Sale $1,400,000 -- $684 / Sq Ft
Source: Realtracs

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $8,179 $484,080 $72,200 $411,880
2024 $8,179 $484,080 $72,200 $411,880
2023 $8,179 $484,080 $0 $0
2022 $6,757 $269,000 $72,200 $196,800
2021 $4,223 $168,125 $45,125 $123,000
2020 $4,223 $168,125 $45,125 $123,000
2019 $4,223 $168,125 $45,125 $123,000
2018 $4,223 $168,125 $45,125 $123,000
2017 $4,368 $173,175 $44,600 $128,575
2016 $4,160 $173,175 $44,600 $128,575
2015 $4,160 $173,175 $44,600 $128,575
2014 $4,160 $173,181 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: RTC2344042

Realtracs

APN: 055-055.03

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