406 Payne Ln

Spring City, TN 37381

$349,000
Price
3
Beds
2,236 Sq. Ft.
$156 / Sq. Ft.
2,236
Sq. Ft.
$156
per Sq. Ft.
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Description

Welcome to this charming 3-bedroom, 1-bath home offering space, flexibility, and room to grow. Situated on a rare double lot, this property delivers both comfort and opportunity with plenty of outdoor space for entertaining, expansion, or simply enjoying the extra elbow room. Inside, you'll find a functional layout with an upstairs room that presents a prime value-add opportunity—easily convertible to include a second bathroom, creating additional convenience and equity potential. The dedicated ''man...Welcome to this charming 3-bedroom, 1-bath home offering space, flexibility, and room to grow. Situated on a rare double lot, this property delivers both comfort and opportunity with plenty of outdoor space for entertaining, expansion, or simply enjoying the extra elbow room. Inside, you'll find a functional layout with an upstairs room that presents a prime value-add opportunity—easily convertible to include a second bathroom, creating additional convenience and equity potential. The dedicated ''man cave'' is ready for game day or weekend gatherings, complete with a pool table that conveys with the home. Step outside to enjoy the above-ground pool, which is ready for a refresh with a new liner—offering the perfect chance to customize and make it your own just in time for summer. Whether you're a first-time buyer, investor, or someone looking for space with upside potential, this property checks the boxes for lifestyle and long-term value.
  1. Listed by Darren Miller • EXP Realty LLC

Property Details for 406 Payne Lane

Architectural Style
Other
Waterfront
No
LISTING UPDATED: 03/19/2026 11:34 AM

Property Details for 406 Payne Lane

StatusActive
MLS #1528822
Days on Market35
Taxes$657 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1983
Lot Size2.00 AC / 87,120 SF
CountyRhea County
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Location

Listing Courtesy of EXP Realty LLC, Darren Miller (423.708.4428)
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Building Information for 406 Payne Lane

Stories1Year Built1983Building Size-Lot Size2.00 AC / 87,120 SF

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$1,748 per month

30 year fixed, 6.11% Interest

Principal and Interest

$1,694

Property Taxes

$55

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 406 Payne Lane

Summary
Location and General Information
  • City: Spring City
  • County Or Parish: Rhea
  • Directions: From 1st Street, head toward Church Street and turn left onto Church Street. From there, turn right onto Inman Street East and continue straight as it transitions into Inman Street West. Next, turn right onto Keith Street NW and proceed straight before turning left onto 25th Street. Turn right onto US-27 North, then make a right onto Rocky Springs Road. Take a slight right onto Muddy Creek Road, followed by a right onto Payne Lane. The property will be located on the right.
  • Latitude: 35.721735
  • Longitude: -84.813711
  • Postal Code: 37381
  • State Or Province: TN
  • Subdivision Name: Valley Dale
Taxes and HOA
  • Tax Legal Description: Tax ID 025 001.41 Tax ID 025 001.29
  • Additional Parcels: Yes
  • Parcel Number: 025 00141 000
  • Association Fee: $0
  • Association: No
  • Tax Annual Amount: $657
School Information
  • Middle Or Junior School: Spring City
  • High School: Rhea County High School
  • Elementary School: Spring City
Parking
  • Garage: No
  • Attached Garage: No
Property
Lot Information
  • Lot Features: Cleared, Rural, Secluded
  • Lot Size Dimensions: 134x313x123x310
  • Lot Size Acres: 2.0
  • Living Area Source: Owner
  • Lot Size Square Feet: 87120.0
  • Building Area Total: 2236.0
  • Lot Size Units: Acres
  • Living Area: 2236.0
Property and Assessments
  • Property Type Label: Residential
  • Property Attached: No
  • New Construction: No
  • Home Warranty: No
  • Floor Plans Count: 0
  • Year Built: 1983
  • Property Type: Residential,Single Family Residence
  • Property Sub Type: Single Family Residence
  • Improvements : Fenced: Yes
  • Improvements : None: Yes
Utilities
  • WaterSewer : Septic Tank: Yes
  • WaterSewer : Well: Yes
  • Water Source: Well
  • Utilities: Electricity Connected, Water Connected
Interior and Exterior Features
Exterior Features
  • Senior Community: No
  • Construction Materials: Wood Siding
  • Pool Features: Above Ground
  • Window Features: Aluminum Frames
  • Community Features: None
  • Parking Features: Off Street
  • Exterior Features: Rain Gutters
  • Roof: Shingle
  • Roofing : Shingle: Yes
  • Pool : Above Ground: Yes
Interior Features
  • Fireplace: Yes
  • Bedrooms Total: 3
  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Appliances: Electric Cooktop, Dishwasher
  • Rooms Total: 0
  • Bathrooms Total Integer: 1
  • Bathrooms Total Decimal: 1.0
  • Bathrooms Total Notational: 1.0
  • Cooling: Yes
  • Fireplace Features: Wood Burning Stove
  • Fireplaces Total: 1
  • Heating: Yes
  • Other Equipment: None
  • Foundation Details: Block
  • Basement: No
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Central, Dual Fuel, Natural Gas
  • Levels: One and One Half
  • Flooring: Luxury Vinyl
  • Stories: 1
  • Green Features : Central Air: Yes
  • Cooling : Central: Yes

Property History for 406 Payne Lane

DateEvent & SourcePriceAppreciation
Mar 19, 2026

Price Change

Greater Chattanooga Association of REALTORS #1528822

$349,000—
Mar 19, 2026

Price Change

KAARMLS #1329936

$349,000—
Feb 19, 2026

Listed (Active)

Greater Chattanooga Association of REALTORS #1528822

$350,000—
Feb 19, 2026

Listed (Active)

KAARMLS #1329936

$350,000—
Jul 14, 2023

Closed

REALTRACS #2955554

$250,000—
Jul 14, 2023

Closed

KAARMLS #1226499

$250,000—
Jun 22, 2023

Contract - Not Showing

REALTRACS #2955554

—
Jun 22, 2023

Contract - Not Showing

KAARMLS #1226499

—
May 9, 2023

Listed (Active)

KAARMLS #1226499

$254,900—
May 7, 2023

Expired

REALTRACS #2955647

$254,900—
May 7, 2023

Expired

Greater Chattanooga Association of REALTORS #1365238

$254,900—
May 7, 2023

Expired

KAARMLS #1211308

—
May 7, 2023

Expired

Greater Chattanooga Association of REALTORS #1365238

$254,900—
May 4, 2023

Price Change

KAARMLS #1211308

$254,900—
May 4, 2023

Listed (Active)

Greater Chattanooga Association of REALTORS #1365238

$279,900—
May 4, 2023

Listed (Active)

Greater Chattanooga Association of REALTORS #1365238

$279,900—
May 4, 2023

Listed (Active)

KAARMLS #1211308

$279,900—
Feb 24, 2023

Contract - Showing

Greater Chattanooga Association of REALTORS #1365238

—
Feb 22, 2023

Contract - Not Showing

KAARMLS #1211308

—
Jan 1, 2023

Price Change

Greater Chattanooga Association of REALTORS #1365238

$259,900—
Jan 1, 2023

Price Change

KAARMLS #1211308

$259,900—
Nov 9, 2022

Listed (Active)

KAARMLS #1211308

$279,900—
Nov 9, 2022

Listed (Active)

Greater Chattanooga Association of REALTORS #1365238

$279,900—
DateEvent & SourcePrice
03/19/2026

Price Change

Greater Chattanooga Association of REALTORS #1528822

$349,000
03/19/2026

Price Change

KAARMLS #1329936

$349,000
02/19/2026

Listed (Active)

Greater Chattanooga Association of REALTORS #1528822

$350,000
02/19/2026

Listed (Active)

KAARMLS #1329936

$350,000
07/14/2023

Closed

REALTRACS #2955554

$250,000
07/14/2023

Closed

KAARMLS #1226499

$250,000
06/22/2023

Contract - Not Showing

REALTRACS #2955554

—
06/22/2023

Contract - Not Showing

KAARMLS #1226499

—
05/09/2023

Listed (Active)

KAARMLS #1226499

$254,900
05/07/2023

Expired

REALTRACS #2955647

$254,900
05/07/2023

Expired

Greater Chattanooga Association of REALTORS #1365238

$254,900
05/07/2023

Expired

KAARMLS #1211308

—
05/07/2023

Expired

Greater Chattanooga Association of REALTORS #1365238

$254,900
05/04/2023

Price Change

KAARMLS #1211308

$254,900
05/04/2023

Listed (Active)

Greater Chattanooga Association of REALTORS #1365238

$279,900
05/04/2023

Listed (Active)

Greater Chattanooga Association of REALTORS #1365238

$279,900
05/04/2023

Listed (Active)

KAARMLS #1211308

$279,900
02/24/2023

Contract - Showing

Greater Chattanooga Association of REALTORS #1365238

—
02/22/2023

Contract - Not Showing

KAARMLS #1211308

—
01/01/2023

Price Change

Greater Chattanooga Association of REALTORS #1365238

$259,900
01/01/2023

Price Change

KAARMLS #1211308

$259,900
11/09/2022

Listed (Active)

KAARMLS #1211308

$279,900
11/09/2022

Listed (Active)

Greater Chattanooga Association of REALTORS #1365238

$279,900

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

Public Records for 406 Payne Lane

Taxable ValueLand$4,750Additions$44,000Total$48,750
Tax Record2024$657 ($55 / month)
Home Facts
Beds0Total Finished SqFt1,965 SqFtAbove Grade Finished SqFt1,604 SqFtFinished Basement SqFt361 SqFtStories2Lot Size43,560 SqFtStyleSingle Family ResidenceYear Built1983Year Renovated1999CountyRHEAAPN025 00141Fireplace TypeHas Fireplace

Schools near 406 Payne Lane

This home is within Rhea County School District.
Rating
School
Type
Grades
Distance
Spring City Elementary School
Public - PK to 5
Spring City Middle School
Public - 6 to 8
Rhea County High School
Public - 9 to 12
Rhea Middle School
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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More information about 406 Payne Lane, Spring City, TN 37381

406 Payne Lane is a single family home for sale in Spring City, TN 37381. This property was listed for sale on February 19, 2026 by EXP Realty LLC, it's currently listed at $349,000. It has been on the market for a total of 35 days and was last sold on July 14, 2023. This listing's school district is Rhea County School District. Nearby schools include Spring City Elementary School, Spring City Middle School and Rhea County High School. 406 Payne Lane is a 3-bed, 1-bath, 2,236 sqft single family home built in 1983.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of EXP Realty LLC, Darren Miller (423.708.4428)

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: 03/19/2026 11:34 AM