LONG TERM RENTAL POTENTIAL! The possibilities with this property have to be seen in person to appreciate the value! The first home built in 1998 has 3 bedrooms, 2 and 1/2 baths, formal dining room, living room, kitchen, laundry room, and screened in porch. The second home was just added in 2018 along with the second septic tank. This side has 2 bedrooms, kitchen, large bathroom, and upstairs is a large bonus room with another large bathroom. Current owner has put a wall up that separated the room and is currently set up as a small studio apartment. The wall can easily be removed to open back up to the large bonus room. This property also has almost 8 Acres with ATV trails already cleared, neighborhood access to the Hiwassee River and boat ramp with launch pad. There are endless possibilities with this property. It is currently set up as 3 living quarters with HOA allowing long term rentals! HOA fees are ONLY $34 dollars a month!!!
Closed
$485,000
111 River Run Rd, Calhoun, TN 37309
6beds
3,500sqft
Single Family Residence, Residential
Built in 1998
7.73 Acres Lot
$538,500 Zestimate®
$139/sqft
$4,723 Estimated rent
Home value
$538,500
$495,000 - $582,000
$4,723/mo
Zestimate® history
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Zillow last checked: 7 hours ago
Listing updated: March 23, 2026 at 01:03pm
Listing Provided by:
Ashley Blackwell 423-453-5722,
East Tennessee Properties LLC
Bought with:
Marty Alexander, 324265
Keller Williams Cleveland
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3156673
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Primary bathroom
- Features: None
- Level: None
Heating
- Electric, Other
Cooling
- Other, Central Air, Electric
Appliances
- Included: Refrigerator
Features
- Ceiling Fan(s), In-Law Floorplan, Walk-In Closet(s)
- Flooring: Carpet, Wood, Tile, Vinyl
- Basement: Crawl Space
- Number of fireplaces: 1
Interior area
- Total structure area: 3,500
- Total interior livable area: 3,500 sqft
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Driveway
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
- Stories: 2
- Patio & porch: Deck, Covered, Patio, Porch, Screened
Lot
- Size: 7.73 Acres
- Features: Sloped, Wooded, Level
- Topography: Sloped,Wooded,Level
Details
- Additional structures: Storage
- Parcel number: 015 00435 000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Other
- Property subtype: Single Family Residence, Residential
Materials
- Brick, Stone, Vinyl Siding, Other
- Roof: Shingle
Condition
- New construction: No
- Year built: 1998
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
- Utilities for property: Electricity Available
Community & neighborhood
Security
- Security features: Security Gate, Smoke Detector(s)
Location
- Region: Calhoun
- Subdivision: Pinhook Bend
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $405 annually
- Amenities included: Gated
- Services included: Maintenance Grounds
Price history
| Date | Event | Price |
|---|---|---|
| 2/16/2024 | Sold | $485,000-0.8%$139/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3156673 Report a problem | ||
| 1/2/2024 | Contingent | $489,000$140/sqft |
Source:  RCAR #20236949 Report a problem | ||
| 1/2/2024 | Pending sale | $489,000$140/sqft |
Source:  East Tennessee Realtors #1237614 Report a problem | ||
| 11/27/2023 | Price change | $489,000-2%$140/sqft |
Source: East Tennessee Realtors #1237614 Report a problem | ||
| 9/27/2023 | Price change | $499,000-7.4%$143/sqft |
Source: East Tennessee Realtors #1237614 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,812 | $107,225 |
| 2024 | $1,812 | $107,225 |
| 2023 | $1,812 +13% | $107,225 +68% |
Find assessor info on the county website
Neighborhood: 37309
Nearby schools
GreatSchools rating
- 4/10Benton Elementary SchoolGrades: PK-5Distance: 4.4 mi
- 4/10Chilhowee Middle SchoolGrades: 6-8Distance: 4.4 mi
- 4/10Polk County High SchoolGrades: 9-12Distance: 4.8 mi
Schools provided by the listing agent
- Middle: Copper Basin High School
- High: Copper Basin High School
Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$538,500
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+$10,770
With Zillow Showcase(estimated)
$549,270
- Tennessee
- Polk County
- Calhoun
- 37309
- 111 River Run Rd