Last Sold Price
8 beds1,508 sqft$371/sqft
141 New Lake Rd, Spring City, TN 37381

Description

Edgelake Apartments on the Lake. Consists of Four 2-bedroom 1-bath duplexes on 4.2 acres of gorgeous gentle to level waterfront land facing the Main Bay of Piney River in Spring City. With approx 400 ft of shoreline. Zoned R3 for Multi Residential in case buyer wants to build condos. (sq ft of units from courthouse records). There is not another 4 acres of gorgeous waterfront in any city limits anywhere that could compare to this gem for this price. Come and see what possibilities exist. New apartments?...Edgelake Apartments on the Lake. Consists of Four 2-bedroom 1-bath duplexes on 4.2 acres of gorgeous gentle to level waterfront land facing the Main Bay of Piney River in Spring City. With approx 400 ft of shoreline. Zoned R3 for Multi Residential in case buyer wants to build condos. (sq ft of units from courthouse records). There is not another 4 acres of gorgeous waterfront in any city limits anywhere that could compare to this gem for this price. Come and see what possibilities exist. New apartments? New Condos? Huge waterfront estate?
LISTING CLOSED: 08/11/2006 12:00 AM

  1. Listed by Steve Mayo • The Lakeman RE Brokers

Property Details for 141 New Lake Road

Status
MLS #
1060263
Days on Market
183
Pet Policy
-
Taxes
$3,616 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
MultiFamily
Year Built
1973
Waterfront
Yes

Recent comparable sales

Median sold price

$435,000

Avg days on market

82

Sale-to-list ratio

85.5%

[Spring City, TN]

9 comparable properties found

$435,000 | 1235 New Lake Road, Unit 10, Spring City, TN 37381
1/40
1

$435,000

Sold 08/12/25

4
Bedrooms
1,680
Square Feet
Unavailable
Acres
a view of a building with a yard
1/35
2

$380,000

Sold 07/18/25

8
Bedrooms
3,624
Square Feet
0.28
Acres
3

$305,000

Sold 03/20/25

Unavailable
Bedrooms
3
Bathrooms
1,680
Square Feet
0.83
Acres
$499,900 | 441 Mahogany Street, Spring City, TN 37381
1/59
4

$499,900

Sold 04/30/26

5
Bedrooms
3,915
Square Feet
3.48
Acres
a front view of a house with a garden and tree
1/61
5

$1,479,000

Sold 02/20/26

3
Bedrooms
5,907
Square Feet
0.61
Acres
6

$325,000

Sold 04/17/25

Unavailable
Bedrooms
3
Bathrooms
1,680
Square Feet
2.21
Acres
$510,000 | 346 Europa Drive, Spring City, TN 37381
1/61
7

$510,000

Sold 11/03/25

4
Bedrooms
2,781
Square Feet
1.96
Acres
8

$560,000

Sold 10/10/25

Unavailable
Bedrooms
2
Bathrooms
1,400
Square Feet
0.44
Acres
9

$345,000

Sold 01/21/26

Unavailable
Bedrooms
4
Bathrooms
1,630
Square Feet
0.92
Acres

Location

Listing Courtesy of The Lakeman RE Brokers, Steve Mayo (865.253.3915)

Sold By Select Property Brokers, Harold Stinnette (423.322.9101)

Add your commute

Building Information for 141 New Lake Road

Building/Complex141 New Lake RdFloor-Stories1Pet Policy-Pet Policy Details-Year Built1973Building Size-

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Principal and Interest

$2,846

Property Taxes

$301

HOA Dues

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Property Information for 141 New Lake Road

Summary
Location and General Information
  • City: Spring City
  • County Or Parish: Rhea
  • Directions: Hwy 27 to left on New Lake Rd (at Shell Station). Property on left
  • Latitude: 35.691799
  • Longitude: -84.859966
  • Postal Code: 37381
  • State Or Province: TN
  • Subdivision Name: None
Taxes and HOA
  • Tax Book Number: 211
  • Tax Legal Description: New Lake Rd
  • Parcel Number: 037B B 002.00
  • Association Fee: $0
  • Association: No
  • Tax Annual Amount: $3,616
  • Location Tax Legal Info : Deed Page: 448
School Information
  • Middle Or Junior School: Spring City Elementary & Middle
  • High School: Rhea County High School
  • Elementary School: Spring Creek Elementary
Parking
  • Garage: No
  • Attached Garage: No
  • Parking : Off Street Parking: Yes
Property
Lot Information
  • Lot Features: Water View, Water Frontage, Scenic View, Level, Lake
  • Lot Size Dimensions: 268M X 692M IRR
  • Lot Size Acres: 4.2
  • Living Area Source: Tax Records
  • Lot Size Square Feet: 182952.0
  • Building Area Total: 1508.0
  • Lot Size Units: Acres
  • Living Area: 1508.0
  • Property Details : SqFt - Level 1: 1508.0
  • Property Details : SqFt - Source2: Tax Records
Property and Assessments
  • Property Type Label: MultiFamily
  • New Construction: No
  • Home Warranty: No
  • Floor Plans Count: 0
  • Year Built: 1973
  • Property Type: MultiFamily
  • Property Sub Type: Duplex
  • Description : Site Built: Yes
Utilities
  • WaterSewer : Public Water: Yes
  • WaterSewer : Septic Tank: Yes
  • Water Source: Public, Septic Tank
  • Utilities: Cable Available
Interior and Exterior Features
Exterior Features
  • Construction Materials: Siding
  • Community Features: TV Cable Available, Water Access
  • Parking Features: Off Street
  • Exterior Features: Patio/Deck
  • Roof: Shingle
  • Roofing : Shingle: Yes
Interior Features
  • Fireplace: No
  • Bedrooms Total: 2
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Appliances: Refrigerator, Dishwasher
  • Room Type: Bathroom, Bedroom, Primary Bedroom, Living Room
  • Rooms Total: 5
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Cooling: Yes
  • Heating: Yes
  • Other Equipment: Smoke Detector
  • Basement: Crawl Space
  • Cooling: Central Air
  • Heating: Central
  • Levels: 1 Level
  • Interior Features: Open Floorplan
  • Flooring: Vinyl, Carpet
  • Stories: 1
  • Fireplace : None: Yes
  • Green Features : Central Air: Yes
  • Description : 1 Level: Yes
  • Description : 1 Level: Yes
  • Cooling : Central: Yes
  • Dining : Combined w/Living: Yes
Room Information
Room 1
  • Room Type: Bathroom
  • Room Level: First
  • Room Description: Full Bathroom
Room 2
  • Room Type: Bedroom
  • Room Level: First
Room 3
  • Room Type: Primary Bedroom
  • Room Level: First
Room 4
  • Room Type: Living Room
  • Room Level: First
Room 5
  • Room Type: Living Room
  • Room Level: First
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
Unit 1
  • Unit 1 : Unit #: 1
  • Unit 1 : Bedrooms: 2
  • Unit 1 : Full Baths: 1
  • Unit 1 : Half Baths: 0
  • Unit 1 Features : 1 Bath: Yes
  • Unit 1 Features : 2 Bedrooms: Yes
  • Unit 1 Features : Deck/Patio: Yes
  • Unit 1 Features : Dining/Living Combo: Yes
  • Unit 1 Features : Furnished: Yes
  • Unit 1 Features : Laundry Hookup: Yes
  • Unit 1 Features : Living Room: Yes
  • Unit 1 Features : Oven/Range: Yes
  • Unit 1 Features : Refrigerator: Yes
Unit 2
  • Unit 2 : Unit #: 2
  • Unit 2 : Bedrooms: 2
  • Unit 2 : Full Baths: 1
  • Unit 2 : Half Baths: 0
  • Unit 2 Features : 1 Bath: Yes
  • Unit 2 Features : 2 Bedrooms: Yes
  • Unit 2 Features : Deck/Patio: Yes
  • Unit 2 Features : Dining/Living Combo: Yes
  • Unit 2 Features : Furnished: Yes
  • Unit 2 Features : Laundry Hookup: Yes
  • Unit 2 Features : Living Room: Yes
  • Unit 2 Features : Oven/Range: Yes
  • Unit 2 Features : Refrigerator: Yes
Unit 3
  • Unit 3 : Unit #: 3
  • Unit 3 : Bedrooms: 2
  • Unit 3 : Full Baths: 1
  • Unit 3 Features : 1 Bath: Yes
  • Unit 3 Features : 2 Bedrooms: Yes
  • Unit 3 Features : Deck/Patio: Yes
  • Unit 3 Features : Dining/Living Combo: Yes
  • Unit 3 Features : Furnished: Yes
  • Unit 3 Features : Laundry Hookup: Yes
  • Unit 3 Features : Living Room: Yes
  • Unit 3 Features : Oven/Range: Yes
  • Unit 3 Features : Refrigerator: Yes
Unit 4
  • Unit 4 : Unit #: 4
  • Unit 4 : Bedrooms: 2
  • Unit 4 : Full Baths: 1
  • Unit 4 : Half Baths: 0
  • Unit 4 Features : 1 Bath: Yes
  • Unit 4 Features : 2 Bedrooms: Yes
  • Unit 4 Features : Deck/Patio: Yes
  • Unit 4 Features : Dining/Living Combo: Yes
  • Unit 4 Features : Furnished: Yes
  • Unit 4 Features : Laundry Hookup: Yes
  • Unit 4 Features : Living Room: Yes
  • Unit 4 Features : Oven/Range: Yes
  • Unit 4 Features : Refrigerator: Yes

Property History for 141 New Lake Road

DateEvent & SourcePriceAppreciation
Aug 11, 2006

Closed

KAARMLS #485508

$560,000
Aug 10, 2006

Closed

Greater Chattanooga Association of REALTORS #1060263

$560,000
Aug 10, 2006

Closed

Greater Chattanooga Association of REALTORS #1060263

$560,000
DateEvent & SourcePrice
08/11/2006

Closed

KAARMLS #485508

$560,000
08/10/2006

Closed

Greater Chattanooga Association of REALTORS #1060263

$560,000
08/10/2006

Closed

Greater Chattanooga Association of REALTORS #1060263

$560,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 141 New Lake Road

This home is within Rhea County School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Spring City Elementary School
PublicPK to 5

Spring City Middle School
Public6 to 8

Rhea County High School
Public9 to 12

Rhea Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 141 New Lake Road, Spring City, TN 37381
$560,000
8
1,508
182,952
$1,674,066
2.5
4,644
64,033
6
10,986
60,113
1
1,558
16,553
8,118
26,572
$50,000
3
963
43,560

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of The Lakeman RE Brokers, Steve Mayo (865.253.3915)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 08/29/2024 11:18 AM