For sale

$350,000

406 Payne Ln, Spring City, TN 37381

3beds

2,236sqft

Est.:

Single Family Residence

Built in 1983

2 Acres Lot

$341,100 Zestimate^®

$157/sqft

$-- HOA

What's special

Above-ground poolFunctional layoutRare double lot

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.

26 days

1,188

34

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1

Heating

Central, Natural Gas, Dual Fuel

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Dishwasher, Electric Cooktop
Laundry: Laundry Room

Features

Flooring: Luxury Vinyl
Windows: Aluminum Frames
Has basement: No
Has fireplace: Yes
Fireplace features: Wood Burning Stove

Interior area

Total structure area: 2,236
Total interior livable area: 2,236 sqft
Finished area above ground: 2,236
Finished area below ground: 0

Property

Parking

Parking features: Off Street

Features

Levels: One and One Half
Stories: 1
Patio & porch: Deck, Porch
Exterior features: Rain Gutters
Pool features: Above Ground
Spa features: None
Fencing: Fenced
Has view: Yes
View description: Pasture, Rural, Trees/Woods

Lot

Size: 2 Acres
Dimensions: 134 x 313 x 123 x 310
Features: Cleared, Secluded, Rural

Details

Additional structures: Outbuilding, Shed(s), Workshop
Additional parcels included: 025 001.29
Parcel number: 025 00141 000
Special conditions: Standard
Other equipment: None

Construction

Type & style

Home type: SingleFamily
Architectural style: Other
Property subtype: Single Family Residence

Materials

Wood Siding
Foundation: Block
Roof: Shingle

Condition

Updated/Remodeled
New construction: No
Year built: 1983

Utilities & green energy

Sewer: Septic Tank
Water: Well
Utilities for property: Electricity Connected, Water Connected

Community & HOA

Community

Features: None
Subdivision: Valley Dale

HOA

Has HOA: No

Location

Region: Spring City

Financial & listing details

Price per square foot: $157/sqft
Tax assessed value: $19,700
Annual tax amount: $657
Date on market: 2/19/2026
Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan
Road surface type: Asphalt

Estimated market value

$341,100

$324,000 - $358,000

$1,654/mo

Price history

Date	Event	Price
2/19/2026	Listed for sale	$350,000+40%$157/sqft
Source: eXp Realty #1528822 Report a problem
3/29/2024	Listing removed	--
Source: East Tennessee Realtors #1211308 Report a problem
7/14/2023	Sold	$250,000-1.9%$112/sqft
Source: RealTracs MLS as distributed by MLS GRID #2955554 Report a problem
6/23/2023	Pending sale	$254,900$114/sqft
Source: RCAR #20235252 Report a problem
5/9/2023	Listed for sale	$254,900$114/sqft
Source: RCAR #20235252 Report a problem
5/8/2023	Listing removed	--
Source: Greater Chattanooga Realtors #1365238 Report a problem
5/4/2023	Listed for sale	$254,900-1.9%$114/sqft
Source: East Tennessee Realtors #1211308 Report a problem
2/24/2023	Contingent	$259,900$116/sqft
Source: Greater Chattanooga Realtors #1365238 Report a problem
2/22/2023	Pending sale	$259,900$116/sqft
Source: East Tennessee Realtors #1211308 Report a problem
2/22/2023	Contingent	$259,900$116/sqft
Source: RCAR #20228177 Report a problem
1/1/2023	Price change	$259,900-7.1%$116/sqft
Source: RCAR #20228177 Report a problem
11/9/2022	Listed for sale	$279,900$125/sqft
Source: RCAR #20228177 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$66	$4,925
2024	$66 -9.4%	$4,925 +51.5%
2023	$73	$3,250
2022	$73	$3,250
2021	$73	$3,250
2020	$73	$3,250
2019	$73 -9.2%	$3,250 -11.6%
2018	$81 -0.3%	$3,675
2017	$81 +14.1%	$3,675
2016	$71	$3,675 +13.1%
2015	$71 +4.4%	$3,250
2014	$68	$3,250
2013	$68 +19.6%	$3,250
2011	$57	$3,250
2010	$57	$3,250
2009	--	$3,250
2008	--	$3,250 +27.5%
2007	$51	$2,550
2006	$51	$2,550
2005	$51 -4.8%	$2,550
2004	$54 +25.9%	$2,550 +25.9%
2003	$43	$2,025 -1.2%
2001	--	$2,050 -75%
2000	--	$8,200

Find assessor info on the county website

BuyAbility℠ payment

Est. payment

$1,939/mo

Principal & interest

$1805

Property taxes

$134

More affordability tools

Climate risks

Neighborhood: 37381

Getting around

0 / 100

Car-Dependent

3 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

7/10
Spring City Elementary School
Grades: PK-5Distance: 3.1 mi
7/10
Spring City Middle School
Grades: 6-8Distance: 3.9 mi
4/10
Rhea County High School
Grades: 9-12Distance: 11.6 mi

Schools provided by the listing agent

Elementary: Spring City
Middle: Spring City
High: Rhea County High School

Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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