NOT LISTED FOR SALE

231 Mountain Lake Dr Lake City, TN 37769

Estimated Value: $550,000 - $573,000

4 Beds
4 Baths
3,700 Sq Ft
$152/Sq Ft Est. Value

Last Sold September 14, 2022

Last sale price $475,000 $128 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,120/month

35 Days on Market

Highlights

  • 1.6 Acre Lot
  • Traditional Architecture
  • Cooling Available
  • Deck
  • Separate Formal Living Room
  • Patio

About This Home

As of September 2022

Gorgeous custom home on 1.6 acres near Norris Lake. The quaint kitchen features tons of charm with its brick accents and backsplash, ss appliances , a large granite topped island, and lots of cabinet space. The spacious owner's suite features a private deck ,a sitting area and stunning bathroom with a huge jetted tub and walk in shower.The finished walk out basement features a 4th bdr, game room and half bath. Out back you will find a beautiful slate patio area with gazebo and outdoor fireplace perfect for entertaining. The 22X22 building is perfect for all of your storage needs or turn it into a craft room or workshop. Walking distance to Norris Lake & Mountain Lake Marina. Also approx. 1.5 miles from TVA boat launch and just 20 minutes from Knoxville and Oak Ridge. This home is currently used as an Airbnb and gets booked up fairly quickly. This charming home does not disappoint with the perfect getaway retreat.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,199

Year Built

  • Built in 2007

Lot Details

  • 1.6 Acre Lot
  • Lot Has A Rolling Slope

Home Design

  • Traditional Architecture
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels
  • Separate Formal Living Room
  • Tile Flooring
  • Fire and Smoke Detector
  • Finished Basement

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Deck
  • Patio

Schools

  • Jacksboro Elementary School
  • Jacksboro Middle School
  • Campbell County Comprehensive High School

Utilities

  • Cooling Available
  • Central Heating

Community Details

  • Oak Grove Sd Section A Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 135L A 04400 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,199

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 2007
  • Unit Levels: Three Or More
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Special Features: None

Interior Features

  • Interior Amenities: Kitchen Island
  • Appliances: Dishwasher, Refrigerator, Oven
  • Fireplace: No
  • Flooring: Wood, Tile
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Has Basement: Finished
  • Above Grade Finished Sq Ft: 2800
  • Below Grade Sq Ft: 900
  • Building Area Units: Square Feet
  • Living Area: 3700
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Storage Building
  • Construction Type: Frame, Vinyl Siding
  • Patio And Porch Features: Patio, Deck
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Other, Rolling Slope
  • Lot Size Acres: 1.6
  • Lot Size: 120X806 IRR
  • Lot Size Units: Acres
  • Parcel #: 135L A 04400 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1199
  • Tax Lot: 3

MLS Schools

  • Elementary School: Jacksboro Elementary
  • High School: Campbell County Comprehensive High School
  • Middle Or Junior School: Jacksboro Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 11, 2022
Closed on
Sep 14, 2022
Sold by
Powers James D
Bought by
Bingham Rachel G and Bingham Trey
List Price
$575,000
Sold Price
$475,000
Premium/Discount to List
-$100,000
-17.39%
Current Estimated Value
$564,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,106
Avg. Annual Appreciation
3.50%

Purchase Details

Listed on
Jun 27, 2021
Closed on
Sep 29, 2021
Sold by
Adamo Steven A and Adamo Kimberly
Bought by
Powers James D
Seller's Agent
Chris Wrede
Smart Move Real Estate Services
Buyer's Agent
Linda Leon
Realty Executives Associates
Sold Price
$365,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.57%
Original Mortgage
$358,388
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 24, 2019
Sold by
Bovich Richard C
Bought by
Adamo Steven A and Adamo Kimberly

Purchase Details

Listed on
Jan 30, 2018
Closed on
Mar 16, 2018
Sold by
Jones Kymberly Devaney and Jones Terry
Bought by
Bovich Richard C
List Price
$240,000
Sold Price
$240,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.04%
Original Mortgage
$216,000
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 27, 2007
Sold by
Ayers Lp
Bought by
Jones Kymberly Devaney

Purchase Details

Closed on
Jan 5, 2007
Sold by
Cook Azalee J
Bought by
Jones Kymberly Devaney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,607
Interest Rate
6.08%

Purchase Details

Closed on
Nov 30, 1995
Bought by
Ayers L P

Purchase Details

Closed on
Nov 29, 1995
Bought by
Diversified Financial Systems Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Bingham Rachel G $475,000 New Title Company Name
Powers James D $365,000 Premier Title Llc
Adamo Steven A -- None Available
Bovich Richard C $240,000 Melrose Title Company Llc
Jones Kymberly Devaney $25,000 --
Jones Kymberly Devaney -- --
Ayers L P $90,000 --
Diversified Financial Systems Inc $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Powers James D $358,388
Previous Owner Bovich Richard C $216,000
Previous Owner Jones Kymberly Devaney $185,213
Previous Owner Terry Jones $102,607
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2022 09/14/22 Sold $475,000 -17.4% $128 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
07/11/2022 07/11/22 For Sale $575,000 +57.5% $155 / Sq Ft
09/30/2021 09/30/21 Sold $365,000 +52.1% $99 / Sq Ft
03/16/2018 03/16/18 Sold $240,000 0.0% $65 / Sq Ft
02/05/2018 02/05/18 Pending -- -- --
01/30/2018 01/30/18 For Sale $240,000 -- $65 / Sq Ft
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
2024 $1,375 $113,150 $9,250 $103,900
2023 $1,440 $69,725 $4,975 $64,750
2022 $1,440 $69,725 $4,975 $64,750
2021 $1,199 $58,025 $4,975 $53,050
2020 $1,175 $58,025 $4,975 $53,050
2019 $1,199 $58,025 $4,975 $53,050
2018 $1,429 $63,525 $4,975 $58,550
2017 $874 $38,850 $5,000 $33,850
2016 $874 $38,850 $5,000 $33,850
2015 $773 $38,850 $5,000 $33,850
2014 $773 $38,850 $5,000 $33,850
2013 -- $38,850 $5,000 $33,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2838653

Realtracs

APN: 135L-A-044.00