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For sale
    • Price cut: $4K (5/5)
    $345,000

    406 Payne Ln, Spring City, TN 37381

    3beds
    2,236sqft
    : 
    $2,002/mo
    Get pre-qualified
    Single Family Residence
    Built in 1983
    2 Acres Lot
    $329,700 Zestimate®
    $154/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.
    159 days
    |
    290
    |
    17
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Darren Miller 423-708-4428,

    EXP Realty LLC 888-519-5113

    Source: Greater Chattanooga Realtors,MLS#: 1528822

      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

        $329,700

        $313,000 - $346,000

        $2,098/mo

        Price history

        DateEventPrice
        5/5/2026Price change$345,000-1.1%$154/sqft
        Source: East Tennessee Realtors #1329936 Report a problem
        3/19/2026Price change$349,000-0.3%$156/sqft
        Source: East Tennessee Realtors #1329936 Report a problem
        2/19/2026Listed for sale$350,000+40%$157/sqft
        Source: eXp Realty #1528822 Report a problem
        3/29/2024Listing removed--
        Source: East Tennessee Realtors #1211308 Report a problem
        7/14/2023Sold$250,000-1.9%$112/sqft
        Source: RealTracs MLS as distributed by MLS GRID #2955554 Report a problem
        6/23/2023Pending sale$254,900$114/sqft
        Source: RCAR #20235252 Report a problem
        5/9/2023Listed for sale$254,900$114/sqft
        Source: RCAR #20235252 Report a problem
        5/8/2023Listing removed--
        Source: Greater Chattanooga Realtors #1365238 Report a problem
        5/4/2023Listed for sale$254,900-1.9%$114/sqft
        Source: East Tennessee Realtors #1211308 Report a problem
        2/24/2023Contingent$259,900$116/sqft
        Source: Greater Chattanooga Realtors #1365238 Report a problem
        2/22/2023Pending sale$259,900$116/sqft
        Source: East Tennessee Realtors #1211308 Report a problem
        2/22/2023Contingent$259,900$116/sqft
        Source: RCAR #20228177 Report a problem
        1/1/2023Price change$259,900-7.1%$116/sqft
        Source: RCAR #20228177 Report a problem
        11/9/2022Listed for sale$279,900$125/sqft
        Source: RCAR #20228177 Report a problem

        Public tax history

        YearProperty taxesTax 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

        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

        0 / 100
        Car-Dependent
        3 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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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