$400,000
SOLD OCT 21, 2025

261 Rainbolt St Butler, TN 37640

3 Beds
2.5 Baths
3,000 Sq Ft
1.5 Acres

Recently Sold

$133 Per Sq Ft

6% Below List Price

0 Day on Market

Highlights

  • Lake Front
  • Newly Painted Property
  • 1 Fireplace
  • RV Access or Parking
  • Main Floor Bedroom
  • No HOA

About This Home

As of October 2025

Stunning Watauga Lake Residence. Offers breathtaking views of Watauga Lake, including panoramic views of the lake and mountains. Conveniently located near fishing spots and multiple marinas. Private and secluded country setting. Abundant wildlife. Lush flowers and trees. 3/3 full basement, ideal for finishing and extra space. Suitable for Airbnb, with no restrictions. Includes a second lot. Updated kitchen and baths, new paint, new HVAC, and new paint inside and outside. New Roof, Garden area, an abundance of flowers and trees. Wrap around deck/porch

Last Agent to Sell the Property

Deborah Short

Lake Homes Realty, LLC Brokerage Phone: 8665253466 License #284053 Listed on: 05/24/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $900

Year Built

  • Built in 1987

Lot Details

  • 1.5 Acre Lot
  • Lake Front
  • Landscaped with Trees
  • Garden

Home Design

  • Newly Painted Property
  • Frame Construction
  • Shingle Roof
  • Metal Roof
  • Wood Siding
  • Stone

Interior Spaces

  • 3,000 Sq Ft Home
  • 1-Story Property
  • 1 Fireplace
  • Living Room
  • Dining Room
  • Fire and Smoke Detector
  • Laundry on lower level
  • Property Views
  • Basement

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 4 Parking Spaces
  • Attached Carport
  • RV Access or Parking

Utilities

  • Central Heating
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 081 067.03

Home Details

Home Type

Single Family

Est. Annual Taxes

$900

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Attribution Contact: 8665253466
  • Directions: From Butler Trading Post, Hwy 67 heads south .1 mile, turn right onto Rainbolt, .2 miles to 261 Rainbolt. Sign
  • Unit Levels: One
  • Prop. Type: Residential
  • Year Built: 1987
  • Property Sub Type: Site Built
  • Lot Size Acres: 1.5
  • Lot Size: 1.39 ACRE
  • Subdivision Name: Other
  • Half Bathrooms: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Kitchen Level: Main
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Electric Oven, Refrigerator, Electric Range, Microwave
  • Flooring: Hardwood
  • Interior Amenities: New Paint
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: One
  • Fireplaces: 1
  • Fireplace: Yes
  • Living Area: 3000
  • Main Level Bedrooms: 3
  • Window Features: Double Pane Windows
  • Room Bedroom2 Level: Main
  • Master Bedroom Master Bedroom Level: Main
  • Room Bedroom3 Level: Main
  • Living Room Living Room Level: Main
  • Dining Room Dining Room Level: Main

Exterior Features

  • Exterior Features: Garden
  • Roof: Metal, Shingle
  • Lot Features: Trees, Garden
  • View: Other Water Frontage View Description, Water, Mountain(s), Lake
  • View: Yes
  • Waterfront Features: Lake, Other Water Frontage View Description
  • Waterfront: Yes
  • Construction Type: Frame, Stone, Wood Siding, Other
  • Patio And Porch Features: Porch, Covered, Patio, Deck, Balcony

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 4
  • Parking Features: RV Access/Parking, Attached Carport
  • Total Parking Spaces: 4

Utilities

  • Electric: Circuit Breakers, MT CITY
  • Heating: Central
  • Sewer: Septic Tank
  • Gas Company: N/A
  • Laundry Features: Lower Level
  • Security: Smoke Detector(s)
  • Heating Yn: Yes
  • Utilities: Natural Gas Available
  • Water Source: Public, CARDER

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: R
  • Farm Land Area Units: Square Feet
  • Parcel #: 081 067.03
  • Irrigation Water Rights: No

Tax Info

  • Tax Annual Amount: 900
  • Tax Map Number: 081 06

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2025
Closed on
Oct 20, 2025
Sold by
Piller Edward and Piller Colleen
Bought by
Shepperd Joseph Alan and Shepperd Debra Marci
Seller's Agent
Deborah Short
Lake Homes Realty, LLC
Buyer's Agent
Deborah Short
Lake Homes Realty, LLC
List Price
$424,000
Sold Price
$400,000
Premium/Discount to List
-$24,000
-5.66%
Views
235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.41%
Original Mortgage
$280,000
Outstanding Balance
$280,000
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$118,813

Purchase Details

Listed on
Aug 4, 2022
Closed on
Nov 23, 2022
Sold by
Church Sharon Joan
Bought by
Piller Edward and Piller Colleen
Seller's Agent
DEBORAH ROARK
KW Johnson City
Buyer's Agent
Deborah Short
Lake Homes Realty Smithville
List Price
$295,000
Sold Price
$250,000
Premium/Discount to List
-$45,000
-15.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.53%

Purchase Details

Closed on
May 2, 1997
Bought by
Church Sharon Joan Le Billy Reed Rm

Purchase Details

Closed on
Mar 24, 1997
Bought by
Church Sharon Joan

Purchase Details

Closed on
Feb 1, 1986
Bought by
Church Walter & Sharon
Source: Public Records
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Purchase History

Date Type Sale Price Title Company
Warranty Deed $400,000 Express Title & Closing
Warranty Deed $250,000 --
Warranty Deed $5,000 --
Warranty Deed $38,000 --
Warranty Deed $2,600 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $280,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/21/2025 10/21/25 Sold $400,000 -5.7% $133 / Sq Ft
05/24/2025 05/24/25 Pending -- -- --
05/24/2025 05/24/25 For Sale $424,000 +69.6% $141 / Sq Ft
11/23/2022 11/23/22 Sold $250,000 -15.3% $172 / Sq Ft View Prior Sale
10/07/2022 10/07/22 Pending -- -- --
08/04/2022 08/04/22 For Sale $295,000 -- $203 / Sq Ft
Source: Upper Cumberland Association of REALTORS®

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 $897 $40,575 $0 $0
2024 $897 $40,575 $5,550 $35,025
2023 $897 $40,575 $5,550 $35,025
2022 $734 $40,575 $5,550 $35,025
2021 $734 $40,575 $5,550 $35,025
2020 $727 $40,575 $5,550 $35,025
2019 $727 $35,450 $5,550 $29,900
2018 $727 $35,450 $5,550 $29,900
2017 $727 $35,450 $5,550 $29,900
2016 $727 $35,450 $5,550 $29,900
2015 $642 $35,450 $5,550 $29,900
2014 -- $35,175 $5,600 $29,575
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upper Cumberland Association of REALTORS®

MLS Number: 236786

Upper Cumberland Association of REALTORS®

APN: 081-067.03