NOT LISTED FOR SALE

655 Lake Ln New Tazewell, TN 37825

Estimated Value: $422,000 - $684,000

3 Beds
2.5 Baths
1,920 Sq Ft
$313/Sq Ft Est. Value

Last Sold May 19, 2021

Last sale price $490,000 $255 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,476/month

2 Days on Market

Highlights

  • Lake View
  • Log Cabin
  • Cooling Available
  • 1 Fireplace
  • Attached Garage
  • Home Security System

About This Home

As of May 2021

Amazing property nestle across the pristine waters of Norris Lake. This 3 bedroom 2.5 bath luxury custom made log home boasts beautiful mountain and lake views. Private location. Lake views. Wrapped around covered porch. Cathedral tall ceilings with loft area overlooking the living area. Open floor plan. Updated kitchen with midrange GE appliances and garbage disposal, updated bathroom with copper sinks in main bathroom. Anderson windows. Direct vent propane fireplace. Stone fireplace. Tankless water heater. Log home re-stained September 2020 Termite contract. ADT Smart Home security. 1 Carport plus additional large RV parking w/ 30AMP electrical connection. Schedule a showing today or contact listing agent for details

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,253

Year Built

  • Built in 2006

Lot Details

  • 1.08 Acre Lot
  • Level Lot

Parking

  • Attached Garage

Home Design

  • Log Cabin
  • Log Siding

Interior Spaces

  • 1,920 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • 1 Fireplace
  • Lake Views
  • Crawl Space

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Schools

  • Midway Elementary
  • Claiborne High School

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Propane

Community Details

  • Summer Breeze Subdivision

Listing and Financial Details

  • Tax Lot 44A
  • Assessor Parcel Number 125P A 04401 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,253

Year Built

Built in 2006

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Log
  • Year Built: 2006
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: EXIST
  • Attribution Contact: 8653106447
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Ceiling Fan(s)
  • Appliances: Gas Range, Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Carpet, Laminate, Tile
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Has Basement: Crawl Space
  • Above Grade Finished Sq Ft: 1920
  • Building Area Units: Square Feet
  • Living Area: 1920
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Log
  • Pool Private: No
  • View: Mountain(s), Lake
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Attached

Utilities

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

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Private, Other, Level
  • Lot Size Acres: 1.08
  • Lot Size Units: Acres
  • Parcel #: 125P A 04401 000
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1253
  • Tax Lot: 44A

MLS Schools

  • Elementary School: Midway Elementary
  • High School: Claiborne High School
  • Middle Or Junior School: Midway Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2021
Closed on
Jul 14, 2021
Sold by
Wellman Dennis T
Bought by
Wellman Dennis T and Wellman Olga L
List Price
$500,000
Sold Price
$490,000
Premium/Discount to List
-$10,000
-2%
Current Estimated Value
$600,461

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,461
Avg. Annual Appreciation
4.92%
Original Mortgage
$266,500
Outstanding Balance
$242,540
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$357,921

Purchase Details

Listed on
Apr 15, 2021
Closed on
May 19, 2021
Sold by
Combs Donald Ray and Garrison Combs Debra
Bought by
Wellman Dennis T
List Price
$500,000
Sold Price
$490,000
Premium/Discount to List
-$10,000
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,500
Outstanding Balance
$242,540
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$357,921

Purchase Details

Listed on
Jan 10, 2013
Closed on
Jul 18, 2013
Sold by
Mcreynolds Robert C
Bought by
Combs Donald Ray and Garrison-Combs Debra K
Seller's Agent
Debbie Fields
Realty Group
Buyer's Agent
John Sadler
Weichert REALTORS Advantage Plus
Sold Price
$279,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.40%
Original Mortgage
$223,920
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 16, 2008
Sold by
Mcreynolds Robert C
Bought by
Mcreynolds Family Trust

Purchase Details

Closed on
Nov 30, 2005
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Wellman Dennis T -- None Available
Wellman Dennis T $490,000 None Available
Combs Donald Ray $279,900 --
Mcreynolds Family Trust -- --
-- $19,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wellman Dennis T $266,500
Previous Owner Combs Donald Ray $210,000
Previous Owner Garrison Combs Debra K $205,000
Previous Owner Combs Donald Ray $223,920
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2021 05/19/21 Sold $490,000 -2.0% $255 / Sq Ft
04/17/2021 04/17/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $500,000 +78.6% $260 / Sq Ft
07/19/2013 07/19/13 Sold $279,900 -- $146 / Sq Ft
Source: Realtracs

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 $2,273 $97,150 $10,575 $86,575
2023 $2,273 $97,150 $10,575 $86,575
2022 $1,943 $97,150 $10,575 $86,575
2021 $1,253 $48,600 $6,875 $41,725
2020 $1,253 $48,600 $6,875 $41,725
2019 $1,253 $48,600 $6,875 $41,725
2018 $1,253 $48,600 $6,875 $41,725
2017 $1,253 $48,600 $6,875 $41,725
2016 $1,353 $52,425 $6,900 $45,525
2015 $1,300 $52,425 $6,900 $45,525
2014 $1,300 $52,430 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Debbie Fields

    Seller's Agent in 2013

    Debbie Fields

    Realty Group

    (423) 489-6129

    74 in this area

    194 Total Sales

    Section Image

  • J

    Buyer's Agent in 2013

    John Sadler

    Weichert REALTORS Advantage Plus

  • C

    Buyer's Agent in 2013

    CHARHONDA GARDNER

    Sterling Realtors

See All Agents

Map

Source: Realtracs

MLS Number: 2949449

Realtracs

APN: 125P-A-044.01

Tennessee Claiborne County New Tazewell 37825

655 Lake Ln, New Tazewell, TN

This home is located at 655 Lake Ln, New Tazewell, TN 37825 since 15 April 2021 and is currently estimated at $600,461, approximately $312 per square foot. This property was built in 2006. 655 Lake Ln is a home located in Claiborne County.

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