NOT LISTED FOR SALE

344 Rainbow Cir Townsend, TN 37882

Estimated Value: $523,000 - $695,000

2 Beds
3 Baths
2,478 Sq Ft
$242/Sq Ft Est. Value

Sale Details

Date Sold: November 5, 2021

Last sale price $457,000 $184 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $3,401 / mo

Highlights

  • Golf Course Community
  • Deck
  • Wood Flooring
  • Clubhouse
  • Wooded Lot
  • Separate Formal Living Room

About This Home

As of November 2021

Luxury mountain living in beautiful Laurel Valley community! Laurel Valley is nestled right at the edge of the Great Smoky Mountains National Park in Townsend. This is, by far, the most gorgeous area of East Tennessee surrounded with nature's beauty and an abundance of wildlife! This custom-built cabin features over 2400 square feet of living space with 2 spacious bedrooms on the main floor and 2 bonus rooms upstairs, easily sleeping 8+. Each level of the home features its own full bathroom. The large kitchen is just perfect for cooking and entertaining with plenty of cabinets for storage and counterspace. The basement is partially finished on one side with a mudroom, full bathroom, and rec space, while the other side is currently being utilized as a man cave and workshop but could easily be converted back to a garage, if you preferred. Kick back, relax, and enjoy the scenic landscape on one of the three large, covered porches. The upper, back porch is partially screened and overlooks the beautiful wooded landscape. This one-owner log home has been meticulously maintained and has served as the family mountain getaway for over a decade, while the original owners call this home year round. All appliances will remain, to include the washer and dryer. Active pest and termite contract in place. This beautiful cabin is located on a quiet cul-de-sac in Laurel Valley, less than 2 miles from the community's club house and in close proximity to Hwy 321, giving you seamless access to the National Forest, Cades Cove, Little River, Foothills Parkway, the Dragon's Tail, and so much more. Your annual HOA fee covers a community trash receptacle and road maintenance, with snow removal in the winter. Enjoy the great amenities that this community has to offer, such as the swimming pool and golf course, at an additional/optional cost. This community does allow for STR. Call today to come and see yourself living here!

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,710

Year Built

  • Built in 2004

Lot Details

  • 18,295 Sq Ft Lot
  • Cul-De-Sac
  • Lot Has A Rolling Slope
  • Wooded Lot

HOA Fees

  • $63 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Log Cabin
  • Log Siding

Interior Spaces

  • Property has 3 Levels
  • Gas Fireplace
  • Separate Formal Living Room
  • Utility Room
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Exterior Basement Entry

Outdoor Features

  • Deck

Schools

  • Townsend Elementary School
  • Heritage Middle School
  • Heritage High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Propane

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 106C H 03400 000

Community Details

Overview

  • Association fees include trash, ground maintenance
  • Cold Springs Subdivision

Amenities

  • Clubhouse

Recreation

  • Golf Course Community
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,710

Year Built

Built in 2004

Lot Details

0.42 Acres

HOA Fees

$63 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Log
  • Year Built: 2004
  • Unit Levels: Three Or More
  • New Construction: No
  • Year Built Details: Existing
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Oven, Washer
  • Fireplace Features: Gas
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Carpet, Wood, Laminate
  • Total Bedrooms: 2
  • Full Bathrooms: 3
  • Has Basement: Partial, Exterior Entry
  • Above Grade Finished Sq Ft: 1898
  • Below Grade Sq Ft: 580
  • Building Area Units: Square Feet
  • Living Area: 2478
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Fiber Cement, Log, Other
  • Patio And Porch Features: Deck
  • Pool Private: No
  • Topography: Cul-De-Sac,Wooded,Other,Rolling Slope
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Attached
  • Total Parking Spaces: 1

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Trash, Maintenance Grounds
  • Association Fee: 750
  • Association Fee Frequency: Annually
  • Amenities: Clubhouse, Golf Course, Pool
  • Association: Yes
  • Senior Community: No

Lot Info

  • Lot Features: Cul-De-Sac, Wooded, Other, Rolling Slope
  • Lot Size Acres: 0.42
  • Lot Size: 160M x 120.46IRR
  • Lot Size Units: Acres
  • Parcel #: 106C H 03400 000
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1710
  • Tax Lot: 12

MLS Schools

  • Elementary School: Townsend Elementary
  • High School: Heritage High School
  • Middle Or Junior School: Heritage Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2021
Closed on
Nov 4, 2021
Sold by
Curtis Wayne I
Bought by
Schroer John C and Schroer Marianne B
List Price
$450,000
Sold Price
$457,000
Premium/Discount to List
$7,000
1.56%
Current Estimated Value
$600,028

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,028
Avg. Annual Appreciation
6.31%

Purchase Details

Closed on
Jun 5, 2001
Sold by
Presley Luke
Bought by
Curtis Wayne

Purchase Details

Closed on
Dec 31, 1980
Bought by
Presley Luke C
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

Date Buyer Sale Price Title Company
Schroer John C $457,000 --
Curtis Wayne $25,000 --
Presley Luke C -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/05/2021 11/05/21 Sold $457,000 +1.6% $184 / Sq Ft
10/03/2021 10/03/21 Pending -- -- --
10/03/2021 10/03/21 For Sale $450,000 -- $182 / Sq Ft
Source: Realtracs

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 $1,881 $118,325 $12,500 $105,825
2024 $1,881 $118,325 $12,500 $105,825
2023 $1,881 $118,325 $12,500 $105,825
2022 $1,844 $74,650 $8,450 $66,200
2021 $1,710 $69,225 $8,450 $60,775
2020 $1,710 $69,225 $8,450 $60,775
2019 $1,710 $69,225 $8,450 $60,775
2018 $1,643 $66,525 $9,375 $57,150
2017 $1,643 $66,525 $9,375 $57,150
2016 $1,643 $66,525 $9,375 $57,150
2015 $1,430 $66,525 $9,375 $57,150
2014 $1,572 $66,525 $9,375 $57,150
2013 $1,572 $73,100 $0 $0
Source: Public Records

Map

Source: Realtracs

MLS Number: 3173888

Realtracs

APN: 106C-H-034.00

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