Last Sold Price
2 New Lake Rd, Unit 2, Spring City, TN 37381

Description

A RARE FIND in the Spring City/Watts Bar Lake Area. This property offers a little over a 1/2 acre of level land to include a 40x60 (2400 square feet) foam insulated Carolina metal building with a concrete floor, a 12x14 door with an electric opener and 16 ft high ceilings. This solid building is equipped with a TRANE 200,000 BTU Natural Gas heater, multiple ceiling fans, LED lighting, 200 AMP electric service, plumbed indoors for an RV with additional plumbing for a bathroom & city water. There is...A RARE FIND in the Spring City/Watts Bar Lake Area. This property offers a little over a 1/2 acre of level land to include a 40x60 (2400 square feet) foam insulated Carolina metal building with a concrete floor, a 12x14 door with an electric opener and 16 ft high ceilings. This solid building is equipped with a TRANE 200,000 BTU Natural Gas heater, multiple ceiling fans, LED lighting, 200 AMP electric service, plumbed indoors for an RV with additional plumbing for a bathroom & city water. There is a septic tank installed and ready for you to build the home of your dreams or install a manufactured home. Endless possibilities, bring your boat and launch a mile away at the free, year-round boat launch or fish off the pier next to Spring City Marina/Lakeside Grill. Call for your private tour today.
LISTING CLOSED: 05/26/2023 12:00 AM

  1. Listed by Susan Crockett • Blue Key Properties Spring City

Property Details for 2 New Lake Road, Unit 2

Status
MLS #
1372480
Days on Market
2
Taxes
$182 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Land / Residential
Year Built
-
Lot Size
0.60 AC

Recent comparable sales

Median sold price

$165,000

Avg days on market

274

Sale-to-list ratio

73.6%

[Spring City, TN]

9 comparable properties found

1

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Unavailable
Bedrooms
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Bathrooms
Unavailable
Square Feet
21.36
Acres
$165,000 | 198 Ellis Street, Spring City, TN 37381
1/20
2

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Bathrooms
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Square Feet
0.13
Acres
$205,000 | 0 Spring Crossing Drive, Unit LOT 10, Spring City, TN 37381
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3

$205,000

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Square Feet
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Acres
$20,750 | 1-ac Reed Strickland Lane, Spring City, TN 37381
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4

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Sold 11/19/25

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Square Feet
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Acres
$175,865 | 20 US Highway 27, Spring City, TN 37381
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Bedrooms
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Square Feet
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Acres
$13,000 | 0 Kings Hill Road, Spring City, TN 37381
1/2
6

$13,000

Sold 11/19/25

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Bedrooms
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Square Feet
1.03
Acres
$210,000 | 15 McCabe Road, Spring City, TN 37381
1/9
7

$210,000

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Bedrooms
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Bathrooms
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Square Feet
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Acres
$24,000 | Lot 2 Hinch Street, Unit 25 & 811, Spring City, TN 37381
1/20
8

$24,000

Sold 11/19/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.72
Acres
$6,900 | Lot 22 Moon Circle, Unit 22, Spring City, TN 37381
1/4
9

$6,900

Sold 11/19/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.73
Acres

Amenities

  • Ceiling Fan
  • High Ceilings

Location

Listing Courtesy of Blue Key Properties Spring City, Susan Crockett (423.802.7515)

Sold By COMPS ONLY, Comps Only (423.698.8001)

Add your commute

Building Information for 2 New Lake Road, Unit 2

Building Size-Lot Size0.60 AC

Payment Calculator

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$925 per month

30 year fixed, 6.55% Interest

Principal and Interest

$910

Property Taxes

$15

HOA Dues

$0

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Property Information for 2 New Lake Road, Unit 2

Summary
Location and General Information
  • City: Spring City
  • County Or Parish: Rhea
  • Directions: from office in Spring City-traveling Hwy 27N-at first traffic light turn right on New Lake Road/302- follow around to property on right. SOP
  • Latitude: 35.658941
  • Longitude: -84.86019
  • Postal Code: 37381
  • State Or Province: TN
  • Subdivision Name: None
  • Location Tax Legal Info : Zoning: None
  • Flood Zone : No: Yes
  • Road : County: Yes
  • Road : Paved: Yes
Taxes and HOA
  • Tax Book Number: 496
  • Tax Legal Description: ref:pb 496/pg 215
  • Parcel Number: 043 005.01
  • Association Fee: $0
  • Tax Annual Amount: $182
  • Location Tax Legal Info : Deed Page: 215
  • Location Tax Legal Info : HOA Fee: 0
School Information
  • Middle Or Junior School: Spring City
  • High School: Rhea County High School
  • Elementary School: Spring City
Property
Lot Information
  • Lot Features: Level, Rural
  • Lot Size Dimensions: 0.6 acres
  • Lot Size Acres: 0.6
  • Lot Size Square Feet: 26136.0
  • Lot Size Units: Acres
Property and Assessments
  • Location Tax Legal Info : 55 Community: No
  • Property Type Label: Land
  • Documents Available: Confirmation of Agency, Survey, Septic Permit
  • Floor Plans Count: 0
  • Property Type: Land
  • Property Sub Type: Residential
  • Improvements : Driveway: Yes
  • Improvements : Electric: Yes
  • Improvements : Gas: Yes
  • Improvements : Public Water: Yes
  • Improvements : Septic Tank: Yes
  • Adjacent Use : Rural: Yes
  • Adjacent Use : Single Family: Yes
  • Options : Will Not Divide: Yes
Utilities
  • Utilities: Electricity Available, Natural Gas Available, Phone Available, Water Available
Interior and Exterior Features
Exterior Features
  • Structures : Utility Building: Yes
Interior Features
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Shape : Deep/Narrow: Yes
  • Shape : Flag: Yes
Multi Family
Multi-Family Information
  • Location Tax Legal Info : Unit #/Lot: #2

Property History for 2 New Lake Road, Unit 2

DateEvent & SourcePriceAppreciation
May 26, 2023

Closed

Greater Chattanooga Association of REALTORS #1372480

$179,000
Apr 28, 2023

Contract - Not Showing

Greater Chattanooga Association of REALTORS #1372480

Apr 26, 2023

Listed (Active)

Greater Chattanooga Association of REALTORS #1372480

$179,000
DateEvent & SourcePrice
05/26/2023

Closed

Greater Chattanooga Association of REALTORS #1372480

$179,000
04/28/2023

Contract - Not Showing

Greater Chattanooga Association of REALTORS #1372480

04/26/2023

Listed (Active)

Greater Chattanooga Association of REALTORS #1372480

$179,000

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

Schools near 2 New Lake Road, Unit 2

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: 2 New Lake Road, Unit 2, Spring City, TN 37381
$179,000
26,136
$179,000
26,136
$179,000
26,136
$179,000
26,136
$139,000
2
1,008
46,556
2
2,410
360,677

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.

Listing Courtesy of Blue Key Properties Spring City, Susan Crockett (423.802.7515)

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: 09/10/2024 12:29 AM