Discover the ultimate opportunity to build your dream home on this exceptional waterfront lot in Lakefront Estates, a prestigious luxury neighborhood on Watts Bar Lake. Located in Spring City, TN, this property offers breathtaking views, direct Tennessee River access, and endless potential for a custom retreat. Nestled along the shores of Watts Bar Lake, this gently rolling lot is perfect for creating your ideal outdoor living spaces or private dock (TVA dock permit required). Whether you envision a sprawling lakefront estate or a cozy vacation home, this property provides the space and setting to bring your vision to life. Watts Bar Lake spans over 39,000 acres, offering unparalleled recreational opportunities like boating, fishing, paddleboarding, and kayaking. With navigable waters connecting to the Gulf of Mexico via the Tennessee-Tombigbee Waterway, it's a boater's paradise. This exclusive community is known for its upscale homes and tranquil atmosphere, blending the serenity of nature with the convenience of nearby amenities. Just a short drive from downtown Spring City, you'll enjoy access to local shops, restaurants, and services, with Dayton, Knoxville, Chattanooga, and Nashville within easy reach. Don't miss this rare chance to secure a slice of paradise on Watts Bar Lake. Contact us today to schedule a tour and begin your journey toward luxury lakefront living.
Property Details
Property Features
Listing Office:
Office Name: simpliHOM
Office Phone: (423) 428-9181
Listing Agent: Angie Stumbo
Lot Features
Lot Information:
Lot: Sloped, Waterfront
Lot Size: 0.70 Acres
Other
Directions Information:
Directions: From McDonalds in Spring City, head South on Hwy 27. Turn left onto TN-68. Turn left onto Wolf Creek. Veer right onto Pin Hook. Turn left onto Waterfront Way.
Price Information
Listing Price Info
Price Summary:
List Price: $120,000
HOA Fees:
Amount: $1500
Frequency: Annually
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Spring City, TN.
This property is $225K less than the Median Sold Price in Spring City, TN.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: RiverCounties
MLS Number: #20243986
Listing Office:
Office Name: simpliHOM
Office Phone: (423) 428-9181
Listing Agent: Angie Stumbo
Information obtained from TNRCAR. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/11/2024, 3:16:10 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$791
Per Month
Principal & Interest
$599
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$125
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$426
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Spring City Elementary School
270 E Jackson Ave
Distance between this listing and this school4.22 miles
Public District Grades PK-5
6
/10
Meigs North Elementary School
22015 State Highway 58 N
Distance between this listing and this school6.19 miles
Public District Grades PK-5
7
/10
Frazier Elementary School
3900 Double S Rd
Distance between this listing and this school14.02 miles
Public District Grades KG-5
Nearby Schools
5
/10
Spring City Middle School
751 Wassom Memorial Hwy # 68
Distance between this listing and this school4.87 miles
Public District Grades 6-8
4
/10
Rhea Middle School
405 Pierce Rd
Distance between this listing and this school9.11 miles
Public District Grades 6-8
6
/10
Meigs Middle School
586 N Main St
Distance between this listing and this school9.16 miles
Public District Grades 6-8
Nearby Schools
5
/10
Rhea County High School
885 Eagle Ln
Distance between this listing and this school9.19 miles
Public District Grades 9-12
6
/10
Meigs County High School
105 Abel Ave
Distance between this listing and this school9.43 miles
Public District Grades 9-12
7
/10
Midway High School
530 Loudon Hwy
Distance between this listing and this school16.31 miles
The neighbors living near this home have an average income of $49,934. Typical income of Spring City, TN residents is between $35k-100k annually. Most families are married, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 495 Waterfront Way
What is the listing price of this property?
The listing price of 495 Waterfront Way property is $120,000.
What type of property is this?
The property 495 Waterfront Way is land located in Spring City, Tennessee, 37381.
Is this property for sale now?
Active Listing: 495 Waterfront Way is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 495 Waterfront Way in Spring City, TN and zip code 37381. This home sits on a 0.70 acre lot. It has been listed on Rocket Homes since December 02, 2024 and is currently priced at $120,000.
Over 0 listings were sold over their listed price in November 2024 in Spring City, TN. In the same period over 5 listings were sold below the listed price and 0 listings were sold for the listed price. The number of homes for sale in Spring City, TN decreased by 16% between October 2024 and November 2024. In November 2024 median list price was $345,000 and the average listing age was 21 days.
From Rocket Homes Real Estate and based on county public records data.
Hunting
Hunting
Figure Skating
NASCAR
Dillards
Wal-Mart
Dick's Sporting Goods
Cracker Barrel
Hardee's
Texas Roadhouse
Cadillac
Ram
Subaru
News/Talk/Information
Classic Country
New Country