NOT LISTED FOR SALE

345 Water Edge Ln La Follette, TN 37766

Estimated Value: $674,000 - $1,449,006

4 Beds
4 Baths
2,876 Sq Ft
$349/Sq Ft Est. Value

Last Sold April 29, 2022

Last sale price $1,200,000 $417 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $5,636/month

24 Days on Market

Highlights

  • Lake Front
  • Dock Permitted
  • Screened Porch
  • Deck
  • Traditional Architecture
  • Tile Flooring

About This Home

As of April 2022

Welcome to this Modern Mountain Hideaway that generated $80,000+ in gross rents in 2021. Perched in Powder Mill cove, this custom design is found nowhere else on Norris. Covered in durable hardy plank siding and composite decking, this 4 bedroom and 4 bathroom home, is the ideal turn-key rental (50K+ on the books for 2022) or pristine second home getaway. Each level has a luxurious screen porch attached to the main bedroom and living area. The concrete path to the dock is great for a golf cart or side-by-side and can easily be stored in the unfinished lowest level. This location has the rare combination of ultra-convenience to several marinas while being tucked back in a quiet cove perfect for swimming. Each bedroom has an attached bathroom. Verizon internet and cell service is available.

Last Agent to Sell the Property

Derek Maples

Keller Williams Realty License #324594 Listed on: 02/18/2022

Keller Williams Realty

Last Buyer's Agent

Josh Hood

EXIT Key Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,932

Year Built

  • Built in 2007

Lot Details

  • 0.63 Acre Lot
  • Lake Front

Parking

  • Off-Street Parking

Home Design

  • Traditional Architecture

Interior Spaces

  • 2,876 Sq Ft Home
  • Free Standing Fireplace
  • Vinyl Clad Windows
  • Insulated Windows
  • Screened Porch
  • Finished Basement

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Access To Lake
  • Dock Permitted
  • Deck

Utilities

  • Zoned Heating and Cooling System
  • Heat Pump System

Community Details

  • Powder Mill South Subdivision

Listing and Financial Details

  • Assessor Parcel Number 097B A 054.00 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,932

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Directions: From LaFollette, Take a R onto Cumberland Ave. Straight onto Long Hollow Rd. Then slight left in curve onto Cedar Creek Rd. 5 miles. go thru stop sign and then take next slight right onto Mill Rd. Turn R onto gravel road and then turn R onto Water Edge (gravel road). Home on left.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 2007
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 0.63
  • Lot Size: 98.91X227.72 IRR
  • Subdivision Name: Powder Mill South
  • Architectural Style: Traditional
  • Property Attached Yn: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Refrigerator, Microwave
  • Has Basement: Finished, Unfinished
  • Fireplace: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Free Standing
  • Fireplaces: 1
  • Flooring: Vinyl, Tile
  • ResoLivingAreaSource: Plans

Exterior Features

  • Exterior Features: Windows - Vinyl, Windows - Insulated, Porch - Covered, Porch - Screened, Deck
  • Lot Features: Lakefront, Lake Access, Current Dock Permit on File
  • Construction Type: Fiber Cement

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off-Street Parking

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central, Heat Pump
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 27442.8
  • Parcel #: 097B A 054.00 000
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2022
Closed on
Apr 29, 2022
Sold by
Widmer and Donna
Bought by
Serre Homes Ltd
Seller's Agent
Derek Maples
Keller Williams Realty
Buyer's Agent
Josh Hood
EXIT Key Realty
List Price
$1,275,000
Sold Price
$1,200,000
Premium/Discount to List
-$75,000
-5.88%
Current Estimated Value
$1,004,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$195,248
Avg. Annual Appreciation
1.34%
Original Mortgage
$960,000
Outstanding Balance
$866,755
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$387,469

Purchase Details

Closed on
Dec 2, 2020
Sold by
Klaus Theodore A and Klaus Pamela J
Bought by
Widmer Jason and Widmer Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2006
Sold by
Brandt Donald H
Bought by
Klaus Theodore A and Klaus Pamela J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
6.19%

Purchase Details

Closed on
Sep 12, 1994
Bought by
Petit Steven V and Petit Cynthia S
Source: Public Records

Range of Values:

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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
Serre Homes Ltd $1,200,000 Stanifer & Stanifer
Widmer Jason $550,000 Advantage Title Llc
Klaus Theodore A $160,000 --
Petit Steven V $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Serre Homes Ltd $960,000
Previous Owner Widmer Jason $44,000
Previous Owner Klaus Theodore A $337,000
Previous Owner Klaus Theodore $398,000
Previous Owner Klaus Theodore A $417,000
Previous Owner Klaus Theodore A $457,300
Previous Owner And Klaus Theodore A $147,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2022 04/29/22 Sold $1,200,000 -4.0% $417 / Sq Ft
03/08/2022 03/08/22 Price Changed $1,250,000 -2.0% $435 / Sq Ft
02/18/2022 02/18/22 For Sale $1,275,000 -- $443 / Sq Ft
Source: East Tennessee REALTORS® MLS

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 $1,932 $158,925 $24,175 $134,750
2023 $2,026 $98,050 $25,000 $73,050
2022 $2,026 $98,050 $25,000 $73,050
2021 $2,026 $98,050 $25,000 $73,050
2020 $1,985 $98,050 $25,000 $73,050
2019 $2,026 $98,050 $25,000 $73,050
2018 $2,595 $115,325 $41,250 $74,075
2017 $2,595 $115,325 $41,250 $74,075
2016 $2,595 $115,325 $41,250 $74,075
2015 $2,295 $115,325 $41,250 $74,075
2014 -- $115,325 $41,250 $74,075
2013 -- $115,325 $41,250 $74,075
Source: Public Records

Agents Affiliated with this Home

  • Derek Maples

    Seller's Agent in 2022

    Derek Maples

    Keller Williams Realty

    (865) 603-1225

    13 in this area

    245 Total Sales

    Derek Maples
    Section Image

  • J

    Buyer's Agent in 2022

    Josh Hood

    EXIT Key Realty

See All Agents

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1181095

East Tennessee REALTORS® MLS

APN: 097B-A-054.00

Tennessee Campbell County 37766

345 Water Edge Ln, TN

This home is located at 345 Water Edge Ln, La Follette, TN 37766 since 18 February 2022 and is currently estimated at $1,004,752, approximately $349 per square foot. This property was built in 2007. 345 Water Edge Ln is a home located in Campbell County.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

East Tennessee REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.

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