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For sale
    • $400,000

    1235 New Lake Rd Unit 5, Spring City, TN 37381

    4beds
    1,680sqft
    : 
    $2,498/mo
    Get pre-qualified
    Condominium
    Built in 2008
    -- sqft lot
    $387,800 Zestimate®
    $238/sqft
    $150/mo HOA

    What's special

    Natural lightBeautiful french doors
    Welcome to 1235 New Lake Rd Unit 5, a lakefront condo designed for peaceful living and strong rental potential. Enter through beautiful French doors that flood the interior with natural light, creating a warm and inviting first impression. The home is centered around a cozy living room fireplace, forming the heart of the space and flowing naturally into the kitchen, making it ideal for relaxing evenings or entertaining guests after a day on the water. This spacious 4-bedroom, 3-bathroom condo offers flexibility for both personal enjoyment and income-producing potential. The primary bedroom features its own private balcony with French doors opening to serene lake views, providing the perfect spot for morning coffee or unwinding at sunset. With multiple bedrooms and baths, the layout comfortably accommodates guests, family, or short-term renters. Set directly on the lake, the property includes access to a dedicated boat launch and dock, making it easy to enjoy boating, fishing, or simply soaking in the quiet waterfront lifestyle. The unit also comes with a large 10x18 garage/storage unit, providing generous space for lake gear, outdoor equipment, water toys, or additional storage. Whether you're an investor looking for a desirable lakefront rental property or a retiree ready to embrace quiet lake living, this condo combines comfort, scenery, and lifestyle in one exceptional waterfront opportunity.
    147 days
    |
    154
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Asher Black 423-208-4943,

    Keller Williams Realty 423-664-1900

    Source: Greater Chattanooga Realtors,MLS#: 1530232

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      Primary bedroom
      • Level: Second
      Bedroom
      • Level: First
      Bedroom
      • Level: Second
      Bedroom
      • Level: Second
      Bathroom
      • Description: Full Bathroom
      • Level: First
      Bathroom
      • Description: Full Bathroom
      • Level: Second
      Bathroom
      • Description: Full Bathroom
      • Level: Second
      Bonus room
      • Level: Second
      Great room
      • Level: First
      Heating
      • Central, Electric
      Cooling
      • Central Air, Electric, Multi Units
      Appliances
      • Laundry: Laundry Closet, Electric Dryer Hookup, Washer Hookup
      Features
      • Double Vanity, Granite Counters, High Ceilings, Open Floorplan, Pantry, Wet Bar, Walk-In Closet(s), Double Shower, Separate Shower, Tub/shower Combo, En Suite
      • Flooring: Carpet, Tile, Engineered Hardwood
      • Windows: Insulated Windows, Vinyl Frames
      • Has basement: No
      • Number of fireplaces: 1
      • Fireplace features: Gas Log, Living Room
      Interior area
      • Total structure area: 1,680
      • Total interior livable area: 1,680 sqft
      • Finished area above ground: 1,680

      Property

      Parking
      • Parking features: Off Street
      Features
      • Patio & porch: Covered, Deck, Patio, Porch, Porch - Covered
      • Exterior features: Boat Slip, Dock, Dock - Floating, Dock - Stationary
      • Has view: Yes
      • View description: Other, Water
      • Has water view: Yes
      • Water view: Water
      • Waterfront features: Marina in Community, River Access
      Lot
      • Features: Lake on Lot, Level, Other, Sprinklers In Front, Sprinklers In Rear, Rural
      Details
      • Parcel number: 037b B 002.00

      Construction

      Type & style
      • Home type: Condo
      • Architectural style: Contemporary
      • Property subtype: Condominium
      Materials
      • Stone, Fiber Cement
      • Foundation: Slab
      • Roof: Shingle
      Condition
      • New construction: No
      • Year built: 2008

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Available, Phone Available, Sewer Connected, Underground Utilities

      Community & HOA

      Community
      • Features: Sidewalks
      • Security: Smoke Detector(s)
      • Subdivision: Taylor's
      HOA
      • Has HOA: Yes
      • HOA fee: $150 monthly
      Location
      • Region: Spring City

      Financial & listing details

      • Price per square foot: $238/sqft
      • Tax assessed value: $356,800
      • Annual tax amount: $2,089
      • Date on market: 3/12/2026
      • Listing terms: Cash,Conventional,FHA,VA Loan
      • Inclusions: Seller is open to conveying furniture

        Estimated market value

        $387,800

        $368,000 - $407,000

        $2,549/mo

        Price history

        DateEventPrice
        3/12/2026Listed for sale$400,000+11.1%$238/sqft
        Source: Greater Chattanooga Realtors #1530232 Report a problem
        7/10/2023Sold$360,000-4%$214/sqft
        Source: Greater Chattanooga Realtors #1372535 Report a problem
        6/24/2023Pending sale$375,000$223/sqft
        Source: East Tennessee Realtors #1225213 Report a problem
        4/27/2023Listed for sale$375,000+131.5%$223/sqft
        Source: East Tennessee Realtors #1225213 Report a problem
        12/1/2017Sold$162,000+11.7%$96/sqft
        Source: Public Record Report a problem
        9/7/2016Sold$145,000$86/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$2,089 $89,200
        2024$2,089 +20.3%$89,200 +96.5%
        2023$1,736 +1.3%$45,400
        2022$1,714 +1.9%$45,400
        2021$1,682 +3.3%$45,400
        2020$1,628 +6.5%$45,400
        2019$1,528 +22.5%$45,400 +20.3%
        2018$1,247 +50.5%$37,725
        2017$829 $37,725
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 37381

        Getting around

        4 / 100
        Car-Dependent
        22 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Spring City
        • Middle: Spring City Elementary & Middle
        • 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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