542 Rainbow Rd Mountain City, TN 37683
Estimated payment $3,239/month
Highlights
- Barn
- Creek or Stream View
- Pond
- 11.16 Acre Lot
- Deck
- Vaulted Ceiling
About This Home
Whether you love fishing, hunting, or camping under the stars, this property offers endless outdoor enjoyment and adventure. Located just outside the quaint town of Mountain City, this lovely ranch-style home sits on an impressive 11.16± acres, offering estate living at its best. A charming blend of traditional white brick and a warm cavern clay exterior creates a distinctive and timeless appeal. Featuring 3-4 bedrooms and 2 full baths—one on each level—the home boasts an inviting family room with vaulted ceilings and exposed beams, a spacious eat-in kitchen with updated cabinetry and appliances, and convenient access to the wraparound and side covered porches, perfect for relaxing and enjoying the peaceful surroundings. The partially finished basement includes a cozy den and sleeping area, an expansive pantry and storage zone, and a workshop space, along with a one-car drive-under garage. Professionally and naturally landscaped, the property invites you to explore its barn/shed, ATV and walking trails, and the true highlight—a beautiful pond surrounded by open meadows. Enjoy privacy, seclusion, and long-range mountain views, all just minutes from the charming downtown area with its local restaurants, antique shops, and retail stores. Additional features include a two-car carport and gazebo, both conveying with the sale. Experience life in the great state of Tennessee and the beauty of the Blue Ridge Mountains. Close to Lake Watauga, Watauga Lake Winery, DMRA, Virginia Creeper & Appalachian Trails, Boone NC, Western North Carolina ski slopes, Bristol Motor Speedway, and all Tri-Cities area attractions. Enjoy all four seasons—this one-of-a-kind property is ready to welcome you home.
Call today to schedule your private showing of 542 Rainbow Road. Buyer/buyer's agent to verify all information.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,170
Year Built
- Built in 1978
Lot Details
- 11.16 Acre Lot
- Privacy Fence
- Landscaped
- Sloped Lot
- Partially Wooded Lot
- Garden
- Property is in good condition
Parking
- 1 Car Garage
- 2 Carport Spaces
- Garage Door Opener
Property Views
- Creek or Stream
- Mountain
Home Design
- Ranch Style House
- Traditional Architecture
- Brick Exterior Construction
- Metal Roof
Interior Spaces
- Paneling
- Vaulted Ceiling
- Ceiling Fan
- Flue
- Insulated Windows
- Living Room with Fireplace
- Combination Kitchen and Dining Room
- Workshop
- Utility Room
Kitchen
- Eat-In Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Partially Finished Basement
- Interior and Exterior Basement Entry
- Fireplace in Basement
Outdoor Features
- Pond
- Deck
- Wrap Around Porch
- Gazebo
Schools
- Mountain City Elementary School
- Johnson Co Middle School
- Johnson Co High School
Farming
- Barn
- Pasture
Utilities
- Cooling Available
- Heating System Uses Wood
- Heat Pump System
- Septic Tank
Community Details
- No Home Owners Association
- FHA/VA Approved Complex
Listing and Financial Details
- Assessor Parcel Number 055 026.00
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,170 | $52,925 | $19,300 | $33,625 |
| 2023 | $1,152 | $52,125 | $19,300 | $32,825 |
| 2022 | $943 | $52,125 | $19,300 | $32,825 |
| 2021 | $943 | $52,125 | $19,300 | $32,825 |
| 2020 | $879 | $52,125 | $19,300 | $32,825 |
| 2019 | $879 | $42,875 | $14,475 | $28,400 |
| 2018 | $879 | $42,875 | $14,475 | $28,400 |
| 2017 | $879 | $42,875 | $14,475 | $28,400 |
| 2016 | $879 | $42,875 | $14,475 | $28,400 |
| 2015 | $776 | $42,875 | $14,475 | $28,400 |
| 2014 | $822 | $45,400 | $16,525 | $28,875 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/23/2025 06/23/25 | Price Changed | $600,000 | -4.0% | $293 / Sq Ft | |
| 03/12/2025 03/12/25 | Price Changed | $625,000 | -6.7% | $305 / Sq Ft | |
| 07/02/2024 07/02/24 | For Sale | $670,000 | +326.8% | $327 / Sq Ft | |
| 01/11/2013 01/11/13 | Sold | $157,000 | -3.4% | $77 / Sq Ft | View Prior Sale |
| 01/01/2013 01/01/13 | Pending | -- | -- | -- | |
| 06/27/2012 06/27/12 | For Sale | $162,500 | -- | $79 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $20,000 | -- | |
| Warranty Deed | $157,000 | -- | |
| Warranty Deed | $150,000 | -- | |
| Deed | -- | -- | |
| Warranty Deed | $1,000 | -- |
Source: Tennessee/Virginia Regional MLS
MLS Number: 9968103
APN: 055-026.00
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