NOT LISTED FOR SALE

125 Rainbow Cir La Follette, TN 37766

Estimated Value: $231,000 - $477,000

3 Beds
2 Baths
1,479 Sq Ft
$211/Sq Ft Est. Value

Last Sold April 29, 2015

Last sale price $108,000 $73 Per Sq Ft

Est. 189% increase in value since last sale

Current estimated payment $1,652/month

32 Days on Market

Highlights

  • Access To Lake
  • Countryside Views
  • Private Lot
  • Waterfront
  • Deck
  • Wooded Lot

About This Home

As of April 2015

Updated lake cottage perfect for a weekend on the lake, summer home, or just a quiet relaxing get-a-way! Nestled on 1.07 acres, within walking distance to beautiful Norris Lake. This home has been updated with care, offering 3 bedrooms and a room for an office or some bunk beds. Remodeled bathrooms, massive living room area, wood throughout, private setting, and a brand new water heater - this home is move in ready just in time for lake season!

Last Agent to Sell the Property

Billy Houston

Keller Williams Realty Listed on: 03/27/2015

Last Buyer's Agent

Marti Smith

Norris Lake Realty License #270195

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1993

Lot Details

  • 1.07 Acre Lot
  • Lot Dimensions are 201x184
  • Waterfront
  • Private Lot
  • Wooded Lot

Parking

  • Side or Rear Entrance to Parking

Property Views

  • Countryside Views
  • Forest Views

Home Design

  • Cabin
  • Wood Siding

Interior Spaces

  • 1,479 Sq Ft Home
  • Aluminum Window Frames
  • Crawl Space
  • Fire and Smoke Detector
  • Dishwasher

Flooring

  • Laminate
  • Slate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Access To Lake
  • Deck
  • Covered Patio or Porch
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Rainbow Resort Subdivision

Listing and Financial Details

  • Assessor Parcel Number 117d A 062.00

Home Details

Home Type

Single Family

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Directions: (Do not follow GPS) Merge onto I-75 N. Take exit 134 for US-25W N/Tennessee 63 E. Merge onto TN-63 E/TN-63 Scenic E/TN-9 W/US-25W N Continue to follow TN-63 E/TN-9 W/US-25W N. Turn right onto Hunters Branch Rd. Turn right onto Demory Rd. Slight right onto Gransboro Rd. Continue onto Grantsboro Rd. Slight left to stay on Grantsboro Rd. Continue onto Rainbow View Rd. Turn left onto Rain Valley Rd. Destination will be on the left, sign on property.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 1993
  • Lot Size Acres: 1.07
  • Lot Size: 201x184
  • Subdivision Name: Rainbow Resort
  • Architectural Style: Cabin
  • Property Attached Yn: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Smoke Detector, Refrigerator
  • Has Basement: Crawl Space
  • Fireplace: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: None
  • Flooring: Laminate, Slate

Exterior Features

  • Exterior Features: Windows - Aluminum, Patio, Porch - Covered, Deck, Cable Available (TV Only)
  • View: Country Setting, Wooded
  • Lot Features: Waterfront Access, Private, Lake Access, Wooded
  • Construction Type: Wood Siding
  • Other Structures: Storage

Garage/Parking

  • Attached Garage: No
  • Parking Features: Side/Rear Entry

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 46609.2
  • Parcel #: 117d A 062.00
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2015
Closed on
May 29, 2015
Sold by
Kelly Betty
Bought by
Ruhlen Douglas E and Ruhlen Holly M
Seller's Agent
Billy Houston
Keller Williams Realty
Buyer's Agent
Marti Smith
Norris Lake Realty
Sold Price
$108,000
Current Estimated Value
$311,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,854
Avg. Annual Appreciation
10.38%
Original Mortgage
$86,400
Outstanding Balance
$66,824
Interest Rate
3.79%
Mortgage Type
New Conventional
Estimated Equity
$245,030

Purchase Details

Closed on
Aug 7, 1992
Bought by
Kelly Betty and Nancy Hendricks

Purchase Details

Closed on
Aug 3, 1992
Bought by
Stout David and Vann Vestal

Purchase Details

Closed on
Apr 2, 1990
Bought by
Rookard Joe Harold and Rookard Williamf

Purchase Details

Closed on
May 15, 1987
Bought by
Rookard William F and Rookard Wife Nina
Source: Public Records
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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
Ruhlen Douglas E $108,000 --
Kelly Betty $10,500 --
Stout David $8,000 --
Rookard Joe Harold -- --
Rookard William F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruhlen Douglas E $86,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2015 04/29/15 Sold $108,000 -- $73 / 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
2025 $460 $37,875 $0 $0
2024 $460 $37,875 $2,225 $35,650
2023 $507 $24,550 $2,225 $22,325
2022 $507 $24,550 $2,225 $22,325
2021 $507 $24,550 $2,225 $22,325
2020 $497 $24,550 $2,225 $22,325
2019 $507 $24,550 $2,225 $22,325
2018 $467 $20,750 $3,900 $16,850
2017 $467 $20,750 $3,900 $16,850
2016 $467 $20,750 $3,900 $16,850
2015 $413 $20,750 $3,900 $16,850
2014 -- $20,750 $3,900 $16,850
2013 -- $20,750 $3,900 $16,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 918692

East Tennessee REALTORS® MLS

APN: 117D-A-062.00