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Rhea 37381
3577 Dixie Lee Highway
Photo of 3577 Dixie Lee Highway
Sold on Mar 11, 2022

33

Map

Photo of 3577 Dixie Lee Highway
Photo of 3577 Dixie Lee Highway
$405,000
● House - Off Market

3577 Dixie Lee Highway

Spring City, TN 37381
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,572 Ft²
$411,803
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

This single level 3bd/3ba home with an unfinished basement is nestled between the town of Spring City, and Rockwood, TN, sitting quietly on 30 unrestricted beautifully laid acres. Watts Bar lake is within a 5 minute drive. The home features original hardwood flooring throughout the living space, large eat-in kitchen, and ultimate privacy! An outdoorsman's dream come true! The property does offer separate septic and access to utilities. Currently supplying a 2bed/1 ba home. Come see this one before it's gone!
Unit Size
1,572 Ft²
Days on Market
-
Land Size
30.00 acres
Price per sqft
$254
Property Type
House
Property Taxes
$97
HOA Dues
-
Year Built
1988

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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: 2 months ago (Realtracs #RTC3325518)

Price History

Date / Event Date Event Price
Mar 11, 2022 Sold
Premium
Sold
Feb 9, 2022 Listed by RE/MAX Properties $399,900
Listed by RE/MAX Properties

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1994
  • Building Count: 2
  • 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: 45
  • Exterior Walls Type: 25
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 6
  • Basement Area: 1,296
  • Garage Type: 25
  • Garage Square Area: 444
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,306,800
  • Total Building Area: 1,572
  • Building Area: 1,572
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 4
  • Heating: 24
  • Heated Square Feet: 1,572
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000030000
  • Standard Land Use Code: 1008
  • County Land Use Code: 10
  • Legal Description 1: DISTRICT: 1

Neighborhood

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

Geography

  • Assessors Map Reference: 008
  • District: 01
  • Parcel: 072008 01202
  • Municipality: RHEA COUNTY-UNINCORPORATED
  • Latitude: 35.7795
  • Longitude: -84.7686

    Address

  • Full Address: 3577 Dixie Lee Hwy
  • Address - House Number: 3577
  • Address - Street Name: Dixie Lee
  • Address - Suffix Type: Hwy
  • State: TN
  • City Name: Spring City
  • Carrier Code: R003
  • 4-Digit Zip Code: 5557
  • Zip Code: 37381

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $116,400
  • Tax Rate Code Area: 72A00

    Appraisal Valuation

  • Standard Deviation: 0.1042
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 89
  • Final Value: 394,710
  • High Value: 435,873
  • Low Value: 353,547

    Market Valuation

  • Market Total Value: $206,500
  • Market Land Value: $91,900
  • Market Improvement Value: $114,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $51,625
  • Assessed Land Value: $22,975
  • Assessed Improvements Value: $28,650

    Sales

  • Current Sale Recording Date: Sep 26, 1986
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: May 06, 1978
  • Previous Sale Document Type: 27
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:

$307,000

Sale Price/ft²

$196

Below Asking

0.02%

Average Days on Market

98

Average Home Size

1992 ft²

Average Home Age

34.3 years

Currently For Sale

111 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

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Realtracs

Listed by: Makayla DeBusk, RE/MAX Properties
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3325518
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 3577 Dixie Lee Highway built and last sold?
The property at 3577 Dixie Lee Highway was built in 1988 and last sold on Jan 1, 1970 for $18,000.
How much is this home worth?
The estimated value of the home located at 3577 Dixie Lee Highway is $399,734.
What are some comparable homes to 3577 Dixie Lee Highway?
There are currently no comparable homes to 3577 Dixie Lee Highway.
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