NOT LISTED FOR SALE

160 Rainbow Ln La Follette, TN 37766

Estimated Value: $320,000 - $599,000

2 Beds
4 Baths
1,980 Sq Ft
$221/Sq Ft Est. Value

Last Sold February 09, 2024

Last sale price $300,000 $152 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $2,361/month

52 Days on Market

Highlights

  • Deck
  • Main Floor Primary Bedroom
  • 2 Car Attached Garage
  • Traditional Architecture
  • Cul-De-Sac
  • Walk-In Closet

About This Home

As of February 2024

Explore this distinctive country home just a short walk from Norris Lake, offering stunning mountain views on a peaceful cul-de-sac. The main level includes a master bedroom with an attached bath and a spacious living room. The rear deck, adjacent to the kitchen and dining area, is perfect for gatherings. The covered front porch provides a mountain view and a serene setting. This newly renovated 2-story, 3BR/2+BA home has great short-term rental potential. The buyer can occupy the primary section while possibly renting out the lower-level third bedroom. The lower level is equipped as a full studio apartment with plumbing and a separate entrance, offering flexibility and investment potential. Don't miss this opportunity!

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $622

Year Built

  • Built in 1994

Lot Details

  • 0.55 Acre Lot
  • Cul-De-Sac
  • Lot Has A Rolling Slope

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Traditional Architecture
  • Frame Construction

Interior Spaces

  • Property has 3 Levels
  • Ceiling Fan
  • Fire and Smoke Detector
  • Finished Basement

Kitchen

  • Oven or Range
  • Microwave

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Additional Features

  • Energy-Efficient Doors
  • Deck

Community Details

  • Rainbow Resort Subdivision

Listing and Financial Details

  • Assessor Parcel Number 117E A 00100 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$622

Year Built

Built in 1994

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1994
  • Unit Levels: Three Or More
  • Building Stories: 2
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None
  • Stories: 2

Interior Features

  • Interior Amenities: Ceiling Fan(s), Primary Bedroom Main Floor
  • Appliances: Dryer, Microwave, Refrigerator, Oven, Washer
  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Has Basement: Finished
  • Above Grade Finished Sq Ft: 1420
  • Below Grade Sq Ft: 560
  • Building Area Units: Square Feet
  • Living Area: 1980
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Construction Type: Frame, Other
  • Patio And Porch Features: Deck
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Attached
  • Total Parking Spaces: 2

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric, Heat Pump
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup, Electric Dryer Hookup
  • Security: Smoke Detector(s)

Condo/Co-op/Association

  • Senior Community: No

Green Features

  • Efficiency: Doors

Lot Info

  • Lot Features: Cul-De-Sac, Other, Rolling Slope
  • Lot Size Acres: 0.55
  • Lot Size: 235x100.20 IRR
  • Lot Size Units: Acres
  • Parcel #: 117E A 00100 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 622

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2014
Closed on
Nov 4, 2014
Sold by
Sweeney Ricky
Bought by
Evans Robert W and Evans Lisa L
Seller's Agent
Tracy Lobertini
Gables & Gates, REALTORS
Buyer's Agent
Debbie Goins
Gables & Gates, REALTORS
Sold Price
$47,000
Current Estimated Value
$437,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$390,144
Avg. Annual Appreciation
22.27%

Purchase Details

Closed on
May 4, 1994
Sold by
Curtis Stidham
Bought by
Sweeney Rickey

Purchase Details

Closed on
Feb 25, 1994
Bought by
Stidham Curtis C and Stidham Betty
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Evans Robert W $47,000 --
Sweeney Rickey $6,000 --
Stidham Curtis C $4,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/09/2024 02/09/24 Sold $300,000 -7.7% $152 / Sq Ft
12/24/2023 12/24/23 Pending -- -- --
11/02/2023 11/02/23 For Sale $325,000 +591.5% $164 / Sq Ft
12/04/2014 12/04/14 Sold $47,000 -- $33 / Sq Ft View Prior Sale
Source: Realtracs

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 $920 $75,675 $0 $0
2024 $920 $75,675 $1,850 $73,825
2023 $622 $30,100 $1,850 $28,250
2022 $622 $30,100 $1,850 $28,250
2021 $622 $30,100 $1,850 $28,250
2020 $610 $30,100 $1,850 $28,250
2019 $622 $30,100 $1,850 $28,250
2018 $610 $27,100 $1,800 $25,300
2017 $610 $27,100 $1,800 $25,300
2016 $610 $27,100 $1,800 $25,300
2015 $539 $27,100 $1,800 $25,300
2014 -- $27,100 $1,800 $25,300
2013 -- $27,100 $1,800 $25,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2834065

Realtracs

APN: 117E-A-001.00