Sold for $410,000 on 11/01/23
$410,000
551 Rhea Springs Rd, Spring City, TN 37381
2beds
1,073sqft
SingleFamily
Built in 1951
44 Acres Lot
$433,400 Zestimate®
$382/sqft
$1,213 Estimated rent
Home value
$433,400
$360,000 - $507,000
$1,213/mo
Zestimate® history
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What's special
423-255-2257 for information. This 44 acre property has amazing potential and breathtaking views. There is an older home on the property sold “as is”. It has been gutted and prepped for remodel with new windows and exterior doors, some new plumbing, and is structurally sound. The multi acre pond has a levy system to control water height and is a gorgeous addition to the surrounding pasture land.
The back side of the property has many razor and dirt bike trails through the mature pine forest. There is a walking trail around the pond area with scenic views.
Three RV hook ups with septic, water, electricity, and internet are located on one side of the pond. There is also a previous mobile home site (with utilities still available) and an adjacent partially concreted hay shed in good condition.
There is also a cabin and an older garage and outbuilding on the property.
This property is in a nice lake community and is .5 miles from Watts Bar Lake and is one mile from a public boat ramp and Rhea Springs campground and public park.
A great location, only 8 mins from Spring City elementary and 20 mins to the Rhea County High School. It is one hour from both Chattanooga and Knoxville.
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- None, Stove
Cooling
- None
Appliances
- Included: Range / Oven, Refrigerator
Features
- Flooring: Hardwood
- Basement: None
Interior area
- Total interior livable area: 1,073 sqft
Property
Parking
- Parking features: Garage - Detached
Features
- Exterior features: Other
- Has view: Yes
- View description: Mountain
Lot
- Size: 44 Acres
Details
- Parcel number: 03205000000
Construction
Type & style
- Home type: SingleFamily
Materials
- Foundation: Footing
- Roof: Other
Condition
- Year built: 1951
Community & neighborhood
Location
- Region: Spring City
Price history
| Date | Event | Price |
|---|---|---|
| 11/1/2023 | Sold | $410,000-19.6%$382/sqft |
Source: Public Record | ||
| 6/30/2023 | Listing removed | -- |
Source: Owner | ||
| 5/15/2023 | Listed for sale | $510,000+168.4%$475/sqft |
Source: Owner | ||
| 9/25/2017 | Sold | $190,000-34.5%$177/sqft |
Source: Public Record | ||
| 11/21/2013 | Listing removed | $289,900$270/sqft |
Source: Best Realty #1196093 | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $585 -3.8% | $43,375 +60.8% |
| 2023 | $608 | $26,975 |
| 2022 | $608 | $26,975 |
Find assessor info on the county website
Neighborhood: 37381
Nearby schools
GreatSchools rating
- 7/10Spring City Elementary SchoolGrades: PK-5Distance: 2.2 mi
- 7/10Spring City Middle SchoolGrades: 6-8Distance: 3 mi
- 4/10Rhea County High SchoolGrades: 9-12Distance: 9.9 mi
Schools provided by the listing agent
- Elementary: Spring City Elementary & Middle
- Middle: Spring City Elementary & Middle
- High: Rhea County High School
Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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Get a free Zillow Showcase℠ listing and you could sell for .
$433,400
2% more+ $8,668
With Zillow Showcase(estimated)
$442,068