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.
For sale
Price cut: $4K (5/5)
$345,000
406 Payne Ln, Spring City, TN 37381
3beds
2,236sqft
Single Family Residence
Built in 1983
2 Acres Lot
$331,400 Zestimate®
$154/sqft
$-- HOA
What's special
Above-ground poolFunctional layoutRare double lot
- 113 days |
- 422 |
- 34 |
Zillow last checked:
Listing updated:
Listed by:
Darren Miller 423-708-4428,
EXP Realty LLC 888-519-5113
Source: Greater Chattanooga Realtors,MLS#: 1528822
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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: $154/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
$331,400
$315,000 - $348,000
$2,013/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/5/2026 | Price change | $345,000-1.1%$154/sqft |
Source:  East Tennessee Realtors #1329936 Report a problem | ||
| 3/19/2026 | Price change | $349,000-0.3%$156/sqft |
Source: East Tennessee Realtors #1329936 Report a problem | ||
| 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 | -- | $8,200 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 37381
Nearby schools
GreatSchools rating
- 7/10Spring City Elementary SchoolGrades: PK-5Distance: 3.2 mi
- 7/10Spring City Middle SchoolGrades: 6-8Distance: 3.9 mi
- 4/10Rhea County High SchoolGrades: 9-12Distance: 11.7 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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Tennessee
- Rhea County
- Spring City
- 37381
- 406 Payne Ln
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