NOT LISTED FOR SALE

160 Rainbow Ln La Follette, TN 37766

Estimated Value: $301,000 - $446,000

2 Beds
4 Baths
1,980 Sq Ft
$185/Sq Ft Est. Value

Sale Details

Date Sold: February 9, 2024

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

Est. 22% increase in value since last sale

Current estimated payment $2,050 / mo

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

  • 23,958 Sq Ft 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

0.55 Acres

Parking

2

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1994
  • Unit Levels: Three Or More
  • New Construction: No
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2023
Closed on
Jan 19, 2024
Sold by
Bought by
List Price
$325,000
Sold Price
$300,000
Premium/Discount to List
-$25,000
-7.69%
Views
338
Current Estimated Value
$365,336

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,336
Avg. Annual Appreciation
8.71%
Original Mortgage
$294,566
Outstanding Balance
$285,169
Interest Rate
5.18%
Mortgage Type
Credit Line Revolving
Estimated Equity
$80,167

Purchase Details

Listed on
Nov 5, 2014
Closed on
Nov 4, 2014
Sold by
Bought by
Seller's Agent
Tracy Lobertini
Gables & Gates, REALTORS
Buyer's Agent
Debbie Goins
Gables & Gates, REALTORS
Sold Price
$47,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.35%

Purchase Details

Closed on
May 4, 1994
Sold by
Bought by

Purchase Details

Closed on
Feb 25, 1994
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$300,000 Conveyance Title
$47,000 --
$6,000 --
$4,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $294,566
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,850 $73,825
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

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