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Rhea 37381
26544 Rhea County Highway
Photo of 26544 Rhea County Highway
Sold on Mar 8, 2024

34

Map

Photo of 26544 Rhea County Highway
Photo of 26544 Rhea County Highway
$351,200
● House - Off Market

26544 Rhea County Highway

Spring City, TN 37381
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,614 Ft²
$1,788
Est. Monthly

About This Property

Country Living at its Finest! This cozy 4-bedroom, 2-bathroom home has so much to offer! Not only is it a peaceful retreat from the city, it comes with major upgrades! New roof added in the summer of 2022, fresh paint and flooring throughout, a well-equipped kitchen with new appliances, cabinetry, and countertops. Along with the spacious bedrooms, the bathrooms have been thoughtfully designed. There is plenty of yard space for outdoor enjoyment. With modern amenities and easy access to nearby towns and recreational activities, this home is sure to be a hit! Schedule a viewing today and start enjoying the simple pleasures of country living!
Unit Size
1,614 Ft²
Days on Market
-
Land Size
2.05 acres
Price per sqft
$217
Property Type
House
Property Taxes
$69
HOA Dues
-
Year Built
1953

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 months ago (Realtracs #RTC2713820)

Price History

Date / Event Date Event Price
Mar 8, 2024 Sold
Premium
Sold
Jun 30, 2023 Listed by RE/MAX Properties $350,000
Listed by RE/MAX Properties

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 2003
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 25
  • Interior Walls Type: 18
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 24
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0
  • Location Influence Type: 19

    Dimensions

  • Lot Size Square Feet: 89,298
  • Total Building Area: 1,614
  • Building Area: 1,614
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 4
  • Heating: 24
  • Heated Square Feet: 1,614
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: JOHN B CUNNINGHAM HEIRS SUBD
  • Land Acres: 0000002050
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: DISTRICT: 1

Neighborhood

  • School District Name: Rhea County School District
  • Census Tract: 975000

Geography

  • Assessors Map Reference: 018
  • District: 01
  • Parcel: 072018 08700
  • Lot: 1
  • Municipality: RHEA COUNTY-UNINCORPORATED
  • Latitude: 35.7332
  • Longitude: -84.8126

    Address

  • Full Address: 26544 Rhea County Hwy
  • Address - House Number: 26544
  • Address - Street Name: Rhea County
  • Address - Suffix Type: Hwy
  • State: TN
  • City Name: Spring City
  • Carrier Code: R003
  • 4-Digit Zip Code: 6519
  • Zip Code: 37381

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $83,100
  • Tax Rate Code Area: 72A00

    Appraisal Valuation

  • Standard Deviation: 0.1055
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 89
  • Final Value: 324,022
  • High Value: 358,229
  • Low Value: 289,816

    Market Valuation

  • Market Total Value: $147,400
  • Market Land Value: $24,600
  • Market Improvement Value: $122,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $36,850
  • Assessed Land Value: $6,150
  • Assessed Improvements Value: $30,700

    Sales

  • Current Sale Contract Date: Mar 08, 2024
  • Current Sale Recording Date: Mar 18, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 22645
  • Previous Sale Recording Date: Jul 19, 2022
  • Previous Sale Contract Date: Jul 18, 2022
  • Previous Sale Amount: $225,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Rhea

Stats & Trends

Median Asking:

$309,000

Sale Price/ft²

$201

Below Asking

0.02%

Average Days on Market

97

Average Home Size

2268 ft²

Average Home Age

32.6 years

Currently For Sale

109 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Realtracs

Listed by: Makayla DeBusk, RE/MAX Properties
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC2713820
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 26544 Rhea County Highway built and last sold?
The property at 26544 Rhea County Highway was built in 1953 and last sold on Mar 8, 2024 for $351,200.
How much is this home worth?
The estimated value of the home located at 26544 Rhea County Highway is $353,024.
What are some comparable homes to 26544 Rhea County Highway?
There are currently no comparable homes to 26544 Rhea County Highway.
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