NOT LISTED FOR SALE

348 Rainbow Cir Townsend, TN 37882

Estimated Value: $443,000 - $518,000

1 Bed
2.5 Baths
1,388 Sq Ft
$342/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $380,000 $274 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,687/month

174 Days on Market

Highlights

  • Gated Community
  • Deck
  • Wooded Lot
  • Mountain View
  • Wood Burning Stove
  • Cathedral Ceiling

About This Home

As of November 2023

Lovely, private cul-de-sac mountain cabin with a view of Rich Mountain located in the ''Quiet Side of the Smokies'' in Townsend, TN. Turn-key ready for either residential or short-term overnight rental. As a prior overnight rental, it slept 6 to 8 comfortably. Located in the gated mountain community of Laurel Valley. Master on Main with full bath; Bonus/Sleeping area with full bath in the loft area. Public water-no well! Walk out finished basement area for Games and sleeping. HVAC 1 yr old. All appliances are 5 yrs old. All decks were stained 2 yrs ago. Paved parking space for 4 vehicles. Wood-burning/ Gas fireplace! Furnishings and ping-pong table can stay with acceptable offer. Wired for hot tub on the screened-in porch. Golf, Pool, and Rec Area privileges are not covered by HOA dues; a separate membership fee applies. Go to laurelvalley.org for restrictions online and further information. Buyer and Buyer's agent to verify all information and restrictions. Buyer's remorse; flew through inspections!

Last Agent to Sell the Property

John Thompson

Why The Smokies, LLC License #337866 Listed on: 05/11/2023

Last Buyer's Agent

NON MEMBER

NON MEMBER FIRM License #105

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,071

Year Built

  • Built in 1998

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 44.13 x 128.3
  • Wooded Lot

HOA Fees

  • $63 Monthly HOA Fees

Property Views

  • Mountain
  • Seasonal

Home Design

  • Cabin
  • Frame Construction
  • Metal Roof
  • Block And Beam Construction
  • Cedar

Interior Spaces

  • 2-Story Property
  • Furnished
  • Cathedral Ceiling
  • Fireplace
  • Wood Burning Stove
  • Bonus Room
  • Partially Finished Basement
  • Walk-Out Basement
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heat Pump System
  • Septic Tank
  • Septic Permit Issued
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 11/5
  • Assessor Parcel Number 106C H 033.00

Community Details

Overview

  • Association fees include roads, security
  • Laurel Valley Poa
  • Cold Springs Subdivision

Additional Features

  • Security
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,071

Year Built

Built in 1998

Lot Details

0

HOA Fees

$63 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1998
  • Zoning: R-1
  • Reso Property Sub Type: Single Family Residence
  • NumberUnfurnished: Furnished
  • ResoLotFeatures: Wooded
  • Road Surface Type: Paved
  • Reso View: Mountain(s), Seasonal
  • ResoSecurityFeatures: Gated Community, Smoke Detector(s)
  • Reso Association Fee Includes: Roads, Security
  • Subdivision Name: Cold Springs
  • Above Grade Finished Sq Ft: 1053.0
  • Architectural Style: Cabin
  • Fireplace: Yes
  • Garage Yn: No
  • Unit Levels: Two
  • Location Tax and Legal Parcel Number2: 106C H 033.00
  • Location Tax and Legal Tax Lot2: 11/5
  • Location Tax and Legal:Tax Annual Amount: 1071.36
  • Location Tax and Legal Tax Year2: 2022
  • General Property Information Lot Size Acres: 0.39
  • General Property Information Above Grade Finished Area: 1053.0
  • General Property Information Below Grade Finished Area: 335.0
  • General Property Information Bonus Room YN2: Yes
  • General Property Information:Furnished: Furnished
  • General Property Information Accessory Dwelling Unit YN2: No
  • General Property Information Home Warranty YN: No
  • General Property Information Construction Type2: Site Built
  • General Property Information View YN2: Yes
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Architectural Style Cabin2: Yes
  • Cooling:Central Air: Yes
  • Security Features:Smoke Detector(s): Yes
  • Land Features View Mountains: Yes
  • View Seasonal: Yes
  • Water Source:Public: Yes
  • Levels:Two: Yes
  • Sewer Septic Permit On File: Yes
  • Utilities:Cable Available: Yes
  • General Property Information Lot Size Dimensions: 44.13 X 128.3
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Basement, Partially Finished, Walk-Out Access
  • Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
  • Interior Amenities: Cathedral Ceiling(s), High Speed Internet, Other
  • Street Number Modifier: 348
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Below Grade Sq Ft: 335.0
  • Fireplace Features: Wood Burning Stove
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:High Speed Internet: Yes
  • Basement:Basement2: Yes
  • Basement:Walk-Out Access: Yes
  • Fireplace Features:Wood Burning Stove: Yes
  • Security Features:Gated Community: Yes
  • Basement:Partially Finished: Yes

Exterior Features

  • Roof: Metal
  • Acres: 0.39
  • View: Yes
  • Home Warranty: No
  • Construction Type: Block, Cedar, Frame
  • Patio And Porch Features: Covered, Deck, Porch, Screened
  • Patio And Porch Features:Covered2: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck2: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Construction Materials:Cedar: Yes
  • Lot Features:Wooded: Yes
  • Construction Materials:Block: Yes
  • Construction Materials:Frame: Yes
  • Patio And Porch Features:Screened: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Paved
  • General Property Information:Garage YN: No
  • Parking Features:Driveway: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Cooling: Central Air
  • Heating: Heat Pump
  • Sewer: Septic Tank, Septic Permit On File
  • Utilities: Cable Available
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association Fee: 750.0
  • Association Fee Frequency: Annually
  • Association Name: Laurel Valley POA
  • Association: Yes

Association/Amenities

  • Association Fee Includes:Security2: Yes

Lot Info

  • Lot Dimensions: 44.13 X 128.3
  • Lot Size Sq Ft: 16988.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 106C H 033.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1071.36
  • Tax Lot: 11/5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2023
Closed on
Nov 30, 2023
Sold by
Sparks Larry and Sparks Linda
Bought by
Winchester Joint Revocable Trust and Winchester
Seller's Agent
John Thompson
Why The Smokies, LLC
Buyer's Agent
NON MEMBER
NON MEMBER FIRM
List Price
$425,000
Sold Price
$380,000
Premium/Discount to List
-$45,000
-10.59%
Views
82
Current Estimated Value
$474,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,878
Avg. Annual Appreciation
11.20%

Purchase Details

Listed on
May 16, 2017
Closed on
Dec 15, 2017
Sold by
Dodson Brian W
Bought by
Sparks Larry
Seller's Agent
Kathy Hmielewski
CENTURY 21 Smoky Mountain Realty
Buyer's Agent
Cyndie Cornelius
Why The Smokies, LLC
Sold Price
$179,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.46%
Original Mortgage
$132,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 2003
Bought by
Dodson Brian W and Dodson Mary R

Purchase Details

Closed on
May 5, 1995
Sold by
Cold Springs Trust Inc
Bought by
Sanders James and Sanders Jo Elaine

Purchase Details

Closed on
Aug 14, 1992
Bought by
Cold Springs Trust Inc

Purchase Details

Closed on
Sep 28, 1973
Bought by
Reel Darrell D and Reel Katherine I
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Winchester Joint Revocable Trust $380,000 Foothills Title
Sparks Larry $179,000 --
Dodson Brian W $170,000 --
Sanders James $18,900 --
Cold Springs Trust Inc -- --
Reel Darrell D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sparks Larry $132,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2023 11/30/23 Sold $380,000 0.0% $274 / Sq Ft
11/30/2023 11/30/23 Sold $380,000 -10.6% $274 / Sq Ft View Prior Sale
11/03/2023 11/03/23 Pending -- -- --
11/03/2023 11/03/23 Pending -- -- --
10/31/2023 10/31/23 Price Changed $425,000 0.0% $306 / Sq Ft
10/31/2023 10/31/23 For Sale $425,000 0.0% $306 / Sq Ft
10/31/2023 10/31/23 Price Changed $425,000 0.0% $306 / Sq Ft
10/31/2023 10/31/23 For Sale $425,000 +11.8% $306 / Sq Ft
09/22/2023 09/22/23 Off Market $380,000 -- --
09/22/2023 09/22/23 Off Market $380,000 -- --
09/11/2023 09/11/23 Price Changed $389,000 0.0% $280 / Sq Ft
09/11/2023 09/11/23 Price Changed $389,000 -2.5% $280 / Sq Ft
09/08/2023 09/08/23 For Sale $399,000 0.0% $287 / Sq Ft
08/17/2023 08/17/23 Pending -- -- --
08/09/2023 08/09/23 Price Changed $399,000 -7.2% $287 / Sq Ft
07/01/2023 07/01/23 For Sale $430,000 0.0% $310 / Sq Ft
06/24/2023 06/24/23 Pending -- -- --
06/10/2023 06/10/23 Price Changed $430,000 -8.3% $310 / Sq Ft
05/16/2023 05/16/23 Price Changed $469,000 -5.3% $338 / Sq Ft
05/12/2023 05/12/23 For Sale $495,000 0.0% $357 / Sq Ft
04/10/2023 04/10/23 For Sale $495,000 +176.5% $357 / Sq Ft
12/15/2017 12/15/17 Sold $179,000 -- $129 / Sq Ft View Prior Sale
Source: Great Smoky Mountains 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 $1,730 $108,800 $20,000 $88,800
2024 $1,081 $68,000 $12,500 $55,500
2023 $1,081 $68,000 $12,500 $55,500
2022 $1,071 $43,375 $11,250 $32,125
2021 $1,071 $43,375 $11,250 $32,125
2020 $1,071 $43,375 $11,250 $32,125
2019 $1,071 $43,375 $11,250 $32,125
2018 $1,060 $42,900 $12,500 $30,400
2017 $1,060 $42,900 $12,500 $30,400
2016 $1,060 $42,900 $12,500 $30,400
2015 $922 $42,900 $12,500 $30,400
2014 $974 $42,900 $12,500 $30,400
2013 $974 $45,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    John Thompson

    Why The Smokies, LLC

    Section Image

  • N

    Buyer's Agent in 2023

    NON MEMBER

    NON MEMBER FIRM

  • A

    Buyer's Agent in 2023

    Alillie Brady

    eXp Realty, LLC

  • K

    Seller's Agent in 2017

    Kathy Hmielewski

    CENTURY 21 Smoky Mountain Realty

  • C

    Buyer's Agent in 2017

    Cyndie Cornelius

    Why The Smokies, LLC

    Section Image
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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 257257

Great Smoky Mountains Association of REALTORS®

APN: 106C-H-033.00

Tennessee Blount County Townsend 37882

348 Rainbow Cir, Townsend, TN

Not Listed for Sale

Detached

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