NOT LISTED FOR SALE

155 Rainbow Cir Lafollette, TN 37766

Estimated Value: $250,000 - $328,351

2 Beds
1 Bath
1,152 Sq Ft
$241/Sq Ft Est. Value

Last Sold May 24, 2024

Last sale price $295,000 $256 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $1,553/month

15 Days on Market

Highlights

  • Lake Front
  • A-Frame Home
  • Deck
  • Boat Ramp
  • Community Lake
  • Private Lot

About This Home

As of May 2024

Check out this completely renovated A-frame home boasting beautiful views of Norris Lake! Upon arrival, you'll immediately notice the impeccable quality of the renovation, from the sleek new black siding to the copper-colored roof and the newly constructed decks. Step inside to further admire the beauty of this home. The open-concept layout allows for seamless indoor gatherings in the great room or effortless transition onto the deck to bask in the natural beauty of East Tennessee. Every inch of this home has undergone recent renovations, including the exquisite flooring, modern kitchen, stylish light fixtures, and much more! The primary bedroom and a spacious full bathroom with a walk-in shower are conveniently located on the main floor. Upstairs, discover the bunk loft spanning from front to back, offering ample space for multiple queen beds. Consider dividing this loft space to create an additional bedroom, transforming this into a 3-bedroom home. Washer and dryer hookups are tucked away inside the main closet near the kitchen for added convenience. The crawl space is encapsulated with a dehumidifier, ensuring optimal conditions. No compromises were made during this remodel. The owners have also installed a new concrete driveway which is shared with the neighbor. This home offers unparalleled quality for its price in the Norris Lake area. This would make for a great summer home for the family or investment property! Located within walking distance of Norris Lake and a short 15-minute drive from three full-service marinas, this property is a must-see! Schedule your private tour today.

Last Agent to Sell the Property

Gage Dople

Wallace License #362622 Listed on: 03/28/2024

Wallace

Last Buyer's Agent

Rhonda Overholt

NON-MEMBER License #317304

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $530

Year Built

  • Built in 1980

Lot Details

  • 0.3 Acre Lot
  • Lake Front
  • Private Lot
  • Level Lot
  • Wooded Lot

Parking

  • Off-Street Parking

Property Views

  • Lake
  • Mountain
  • Seasonal

Home Design

  • A-Frame Home
  • Cabin
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,152 Sq Ft Home
  • Brick Fireplace
  • Vinyl Clad Windows
  • Family Room
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Bar
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 1 Full Bathroom
  • Walk-in Shower

Outdoor Features

  • Access To Lake
  • Balcony
  • Deck
  • Outdoor Gas Grill

Utilities

  • Zoned Heating and Cooling System
  • Heat Pump System
  • Septic Tank
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 117D A 051.00

Community Details

Overview

  • No Home Owners Association
  • Rainbow Resort Subdivision
  • Community Lake

Recreation

  • Boat Ramp

Home Details

Home Type

Single Family

Est. Annual Taxes

$530

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Directions: GPS friendly. 134 From Interstate 75 toward LaFollette. Right onto Hunter's Branch Road. Right onto Demory Road. Stay straight (right at fork) to go onto Grantsboro Road. Left onto Rainbow View Road. Left onto Rainbow Circle. Sign on property.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 1980
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 0.3
  • Subdivision Name: Rainbow Resort
  • Architectural Style: Cabin, A-Frame
  • Property Attached Yn: No
  • Lot Description:Rolling Slope: Yes
  • Lot Description:Wooded: Yes
  • View:Mountain View: Yes
  • Lot Description:Lake Access: Yes
  • View:Lakefront2: Yes
  • General Property Description:Fireplace: Yes
  • General Property Description:SqFt - Main Lvl: 768.0
  • General Property Description:SqFt - 2nd Flr Lvl: 384.0
  • General Property Description:_pound_ Fireplace: 1.0
  • General Property Description:HOA: No
  • General Property Description:Basement: No
  • General Property Description:Bonus Room: No
  • General Property Description:Extra Storage: No
  • AtchdDtchd Type:Detached: Yes
  • Siding:Vinyl2: Yes
  • Cooling:Central Cooling: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Fuel:Electric: Yes
  • Heat:Central: Yes
  • Appliances Refrigerators: Yes
  • Misc Features:Internet Available: Yes
  • Misc Features:Walk-in Shower: Yes
  • Misc Features:WasherDryer Connect: Yes
  • Water:Public: Yes
  • Lot Description:Private: Yes
  • View:Seasonal Lake View: Yes
  • Heat:Heat Pump3: Yes
  • Dining Area:Breakfast Bar: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Gas Grill, Refrigerator
  • Has Basement: Crawl Space
  • Fireplace: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Brick
  • Fireplaces: 1
  • Flooring: Carpet, Vinyl
  • Basement:Crawl Space: Yes
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Other Rooms:Mstr Bdrm Main Level: Yes
  • Other Rooms:Family Room: Yes
  • Appliances:Gas Grill: Yes
  • Fireplace:Brick3: Yes
  • Appliances:Other18: Yes

Exterior Features

  • Exterior Features: Windows - Vinyl, Deck, Balcony
  • View: Mountain View, Seasonal Lake View
  • Lot Features: Private, Lake Access, Wooded, Level, Rolling Slope
  • Construction Type: Vinyl Siding, Frame
  • Construction:Frame: Yes
  • Exterior Features:Deck: Yes
  • Exterior Features:Windows - Vinyl: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off-Street Parking
  • GarageParking:Off-Street Parking: Yes

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central, Heat Pump, Electric
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes

Association/Amenities

  • Community Amenities:Boat Ramp: Yes
  • Community Amenities:Lake Access2: Yes

Lot Info

  • Lot Size Sq Ft: 13068.0
  • Parcel #: 117D A 051.00
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2024
Closed on
May 24, 2024
Sold by
Hogan David and Hogan Samantha
Bought by
Taylor Robert E
Seller's Agent
Gage Dople
Wallace
Buyer's Agent
Rhonda Overholt
NON-MEMBER
List Price
$309,500
Sold Price
$295,000
Premium/Discount to List
-$14,500
-4.68%
Views
39
Current Estimated Value
$277,588

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,412
Avg. Annual Appreciation
-4.68%
Original Mortgage
$236,000
Outstanding Balance
$233,277
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$44,311

Purchase Details

Listed on
May 22, 2020
Closed on
Jul 10, 2020
Sold by
Shinlever Linda and Ray Susan
Bought by
Hogan David and Hogan Samantha
Seller's Agent
Melanie Nance
Ayers Auction and Real Estate
Buyer's Agent
John Parsons
Keller Williams Realty
Sold Price
$98,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.94%
Original Mortgage
$85,500
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2007
Sold by
Tilford Daniel Bernard
Bought by
Shinlever Linda H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,700
Interest Rate
6.35%

Purchase Details

Closed on
Aug 24, 1992
Bought by
Frazier Sheila Patterson

Purchase Details

Closed on
Nov 8, 1991
Bought by
Minton Arnold Gene

Purchase Details

Closed on
Aug 26, 1985
Bought by
Minton Arnold Gene and Fay Etta

Purchase Details

Closed on
Aug 22, 1985

Purchase Details

Closed on
Oct 6, 1978

Purchase Details

Closed on
Jan 4, 1900
Source: Public Records

Range of Values:

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List Price
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
Taylor Robert E $295,000 None Listed On Document
Hogan David $94,000 None Available
Shinlever Linda H $93,000 --
Frazier Sheila Patterson $26,000 --
Minton Arnold Gene -- --
Minton Arnold Gene -- --
-- -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taylor Robert E $236,000
Previous Owner Hogan David $184,000
Previous Owner Hogan David $85,500
Previous Owner Shinlever Linda H $54,141
Previous Owner Shinlever Linda H $83,700
Previous Owner Daniel Tilford $46,320
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2024 05/24/24 Sold $295,000 -4.7% $256 / Sq Ft
04/13/2024 04/13/24 Pending -- -- --
03/28/2024 03/28/24 For Sale $309,500 +215.8% $269 / Sq Ft
07/13/2020 07/13/20 Sold $98,000 -- $85 / 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 $530 $43,600 $1,675 $41,925
2023 $432 $20,925 $1,675 $19,250
2022 $324 $15,700 $1,675 $14,025
2021 $324 $15,700 $1,675 $14,025
2020 $318 $15,700 $1,675 $14,025
2019 $324 $15,700 $1,675 $14,025
2018 $332 $14,750 $2,000 $12,750
2017 $332 $14,750 $2,000 $12,750
2016 $332 $14,750 $2,000 $12,750
2015 $294 $14,750 $2,000 $12,750
2014 -- $14,750 $2,000 $12,750
2013 -- $14,750 $2,000 $12,750
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1257415

East Tennessee REALTORS® MLS

APN: 117D-A-051.00