NOT LISTED FOR SALE

124 Peninsula Rd Madisonville, TN 37354

Estimated Value: $383,013

2 Beds
2 Baths
1,996 Sq Ft
$192/Sq Ft Est. Value

Last Sold January 21, 2020

Last sale price $221,000 $111 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $2,203/month

482 Days on Market

Highlights

  • Lake Front
  • Docks
  • Gated Community
  • Boat Ramp
  • Lake On Lot
  • Community Lake

About This Home

As of January 2020

Completely remodeled 2 bedroom /2 bath home on the lake!The house is surrounded by large trees and views of the lake that are awesome. As you walk into the front door from the wrap-around porch, you will see the back of the house is in glass. This open floor plan has high end appliances and updated kitchen that is every cook's dream. The remodeled bathroom is inviting and is just off the bedrooms. Downstairs has another full kitchen with refrigerator and microwave. This could be used as a den/entertainment room with easy access to another full bath, or could be used as third bedroom or private rental unit. The downstairs has two sliding glass doors with views of the lake and boat dock. This home has new HVAC, dock, decking, carpet, tile, vinyl, etc! Call today for your personal tour.

Last Agent to Sell the Property

William Howe

Century 21 Howe Realty & Auct. License #018436 Listed on: 08/15/2018

Co-Listed By

Deborah Nokes

Edmonds Realty Group, LLC License #338443

Last Buyer's Agent

Allison Ramsey

Keller Williams License #349804

Keller Williams

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,034

Year Built

  • Built in 1978

Lot Details

  • Lot Dimensions are 214.8x147
  • Lake Front
  • Private Lot
  • Irregular Lot
  • Wooded Lot

HOA Fees

  • $46 Monthly HOA Fees

Parking

  • No Garage

Property Views

  • Lake
  • Woods
  • Mountain
  • Countryside Views
  • Forest

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,996 Sq Ft Home
  • Living Quarters
  • Wood Burning Fireplace
  • Free Standing Fireplace
  • Insulated Windows
  • ENERGY STAR Qualified Doors
  • Family Room
  • Combination Kitchen and Dining Room
  • Bonus Room
  • Storage Room
  • Fire and Smoke Detector
  • Finished Basement

Kitchen

  • Breakfast Bar
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Access To Lake
  • Boat Ramp
  • Docks
  • Lake On Lot
  • Lake Property
  • Deck
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Internet Available
  • TV Antenna

Listing and Financial Details

  • Assessor Parcel Number 115g B 021.00

Community Details

Overview

  • Association fees include security, grounds maintenance
  • Laurel Lake Subdivision
  • Mandatory home owners association
  • On-Site Maintenance
  • Community Lake

Amenities

  • Picnic Area

Recreation

  • Boat Ramp
  • Boat Dock
  • Community Playground

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,034

Year Built

Built in 1978

Lot Details

0

HOA Fees

$46 per month

Listing Details

  • Directions: Hwy 68 South toward Tellico . Turn left on Countryside Lane. First right onto Big Creek road and right onto Laurel Branch. Stay straight on Laurel Branch past gate. Go uphill and turn left on Peninsula Road. House on right. Sign on property.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 1978
  • Road Frontage Type: Lakefront
  • Lot Size: 214.8x147
  • Co List Office Mls Id: 436
  • Co List Office Phone: 423-337-9355
  • Subdivision Name: Laurel Lake
  • Architectural Style: Contemporary
  • Property Attached Yn: No
  • Lot Description:Wooded: Yes
  • View:Mountain View: Yes
  • View:Wooded2: Yes
  • Lot Description:Irregular Lot: Yes
  • Lot Description:Lake Access: Yes
  • Lot Description:Lakefront: Yes
  • View:Lake: Yes
  • View:Lakefront2: Yes
  • General Property Description:Fireplace: Yes
  • General Property Description:SqFt - Main Lvl: 1128.0
  • General Property Description:SqFt - Down Lvl: 768.0
  • General Property Description:_pound_ Fireplace: 1.0
  • General Property Description:HOA: Mandatory
  • General Property Description:Basement: Yes
  • General Property Description:Bonus Room: Yes
  • General Property Description:Extra Storage: Yes
  • AtchdDtchd Type:Detached: Yes
  • Siding:Vinyl2: Yes
  • Cooling:Central Cooling: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Fuel:Electric: Yes
  • Heat:Central: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Misc Features:Internet Available: Yes
  • Misc Features:Walk-in Closets: Yes
  • Floors:Laminate: Yes
  • Dining Area:KitchenDining Rm Co: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Lot Description:Private: Yes
  • Percent Basement Finished: Yes
  • Floors:Tile2: Yes
  • Dining Area:Breakfast Bar: Yes
  • Fireplace Free Standing: Yes
  • Lot Description:Man-Made Lake: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Smoke Detector, Refrigerator, Microwave, Washer
  • Has Basement: Finished
  • Fireplace: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Free Standing, Wood Burning
  • Fireplaces: 1
  • Flooring: Laminate, Carpet, Vinyl, Tile
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Smoke Detector: Yes
  • Other Rooms:Extra Storage3: Yes
  • Other Rooms:LaundryUtility: Yes
  • Other Rooms:Mstr Bdrm Main Level: Yes
  • Other Rooms:Family Room: Yes
  • Fireplace:Wood Burning: Yes
  • Other Rooms:Addl Living Quarter: Yes

Exterior Features

  • Exterior Features: TV Antenna, Windows - Insulated, Porch - Covered, Deck, Boat - Ramp, Doors - Energy Star, Dock
  • View: Mountain View, Country Setting, Wooded, Lake
  • Lot Features: Private, Man-Made Lake, Lakefront, Lake Access, Wooded, Irregular Lot
  • Construction Type: Vinyl Siding, Frame
  • Construction:Frame: Yes
  • Exterior Features:Deck: Yes
  • Exterior Features:Porch - Covered: Yes
  • Exterior Features:Windows - Insulated: Yes
  • Exterior Features:Doors - Energy Star: Yes
  • Exterior Features:Dock: Yes
  • Exterior Features:TV Antenna: Yes
  • Exterior Features:Boat - Ramp: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: None
  • GarageParking:None18: Yes

Utilities

  • Cooling: Central Cooling
  • Security: Gated Community
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Amenities: Playground, Security
  • Association Fee: 550.0
  • Association Fee Frequency: Yearly
  • Association: Yes

Association/Amenities

  • Community Amenities:Gated Community: Yes
  • Community Amenities:Boat Ramp: Yes
  • Community Amenities:Dock2: Yes
  • Community Amenities:Lake Access2: Yes
  • Community Amenities:PicnicBarbeque Area: Yes
  • Community Amenities:Security2: Yes
  • Community Amenities:Playground: Yes
  • Association Fee Incl:Grounds Maintenance: Yes
  • Association Fee Incl:Security3: Yes

Fee Information

  • Association Fee Includes: Security, Grounds Maintenance

Lot Info

  • Parcel #: 115g B 021.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2018
Closed on
Jan 21, 2020
Sold by
Hutsell Lawrence R and Hutsell Susan L
Bought by
Gunderson Michael R and Gunderson Lesa S
Seller's Agent
William Howe
Century 21 Howe Realty & Auct.
Buyer's Agent
Allison Ramsey
Keller Williams
Sold Price
$221,000
Current Estimated Value
$383,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,013
Avg. Annual Appreciation
10.26%
Original Mortgage
$81,000
Outstanding Balance
$72,046
Interest Rate
3.73%
Mortgage Type
New Conventional
Estimated Equity
$310,967

Purchase Details

Closed on
Oct 28, 1994
Sold by
Baker Mary
Bought by
Hutshell Lawerence

Purchase Details

Closed on
Jun 22, 1971
Bought by
Baker Joseph Edwin and Mary Nell
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gunderson Michael R $221,000 Concord Title
Hutshell Lawerence $60,000 --
Baker Joseph Edwin -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gunderson Michael R $81,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/21/2020 01/21/20 Sold $221,000 -- $111 / Sq Ft
Source: East Tennessee REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,034 $67,900 $15,775 $52,125
2023 $1,034 $67,900 $15,775 $52,125
2022 $1,032 $46,075 $14,075 $32,000
2021 $968 $43,200 $14,075 $29,125
2020 $968 $43,200 $14,075 $29,125
2019 $855 $43,200 $14,075 $29,125
2018 $855 $43,200 $14,075 $29,125
2017 $720 $34,400 $10,125 $24,275
2016 $701 $33,475 $10,125 $23,350
2015 $701 $33,475 $10,125 $23,350
2014 $701 $33,476 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1052961

East Tennessee REALTORS® MLS

APN: 115G-B-021.00