2 months on rocket

166 Michael Ln, Madisonville, TN, 37354

$499,900

Home List Price

$5,936*

Closing Credit

4 Bedrooms
3 Full Baths
2,454 SqFt
$204/SqFt
House

Location

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166 Michael Ln, Madisonville$499,900

Buyer Closing Credits

$5,936*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDetached, Side/Rear Entry
Garage4 spaces
Year Built1994
HeatingCentral, Heat Pump, Electric
CoolingCentral Air, Ceiling Fan(s)
FireplaceStone, Wood Burning
MLS #1273581
Lot Size1.50 Acres
StatusActive

About 166 Michael Ln

3 BR / 2 BA home on 1.5 acres conveniently located in Belcher Estates subdivision in Madisonville. This home features an extra large master bedroom with jacuzzi tub, a living room and family room, and an open concept kitchen and dining area. There is a handicap ramp on the front porch of the house. The house is 1,900 +/- square feet. There is also a 600 +/- square foot apartment on the property which could be used as a rental or mother-in-law suite. The apartment has one BR and one BA. The apartment has its own septic system. There is a two car garage attached to the apartment which is currently being used as an auto repair shop. There is also a detached garage with two additional garage bays.

Property Details

Property Features

Property Information:

  • Architectural Style: A-Frame, Traditional
  • Year Built: 1994
  • Living Area: 2,454 SqFt

Listing Office:

  • Office Name: Edmonds Realty Group, LLC
  • Office Phone: (423) 836-4100

Interior Features

Interior Information:

  • Appliances: Dishwasher, Range, Refrigerator
  • Basement: No
  • Flooring Type: Carpet
  • Interior: Cathedral Ceiling(s), Pantry, Breakfast Bar
  • Fireplace: Stone, Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Exterior: Porch - Covered

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: No
  • Parking: Detached, Side/Rear Entry

Lot Features

Lot Information:

  • Lot: Cul-De-Sac, Level
  • Lot Size: 1.50 Acres

Utilities

Utilities Information:

  • Heating: Central, Heat Pump, Electric
  • Cooling: Central Air, Ceiling Fan(s)

Other

Directions Information:

  • Directions: From Madisonville to Tellico Plains, turn right into Belcher Estates, 6th house on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,900
  • Price Per SqFt: $204/SqFt

Tax Information:

  • Annual Amount: $1,243
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Madisonville, TN.

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Madisonville, TN

City

Med. Sold Price

$300K

Med. Price/SqFt

$188

Avg. Days On Market

43

# of Sold Homes

13

166 Michael Ln vs Madisonville

84 DAYS ON ROCKET

+41 Days

$499,900

+$199.9K More

$204/SqFt

+$16 More

KEY TAKEAWAY

This property is $199.9K more than the Median Sold Price and $16/SqFt more than other homes in Madisonville, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1273581

Listing Office:

  • Office Name: Edmonds Realty Group, LLC
  • Office Phone: (423) 836-4100

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.

The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

Copyright © 2024 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/13/2024, 11:50:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,243$55,500
2019$1,099$55,500
2018$1,099$55,500
2017$1,138$54,425

History based on county public records data.

Payment Calculator

$2,562

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,565

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-518179
5
/10

  • Madisonville Intermediate School

  • 1000 Green Rd

  • 3.20 miles

  • Public District Grades 3-5

school-card-donut-518180
3
/10

  • Tellico Plains Elementary School

  • 121 Old High School Rd

  • 8.43 miles

  • Public District Grades PK-4

school-card-donut-518181
3
/10

  • Brown Intermediate School

  • 135 Starrett St

  • 8.65 miles

  • Public District Grades 5-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $52,444. The majority of Madisonville, TN residents have income between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 166 Michael Ln

What is the listing price of this property?

The listing price of 166 Michael Ln property is $499,900.

What type of property is this?

The property 166 Michael Ln is a house located in Madisonville, Tennessee, 37354.

Is this property for sale now?

Active Listing: 166 Michael Ln is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,243 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 166 Michael Ln has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 166 Michael Ln is 2,454 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 166 Michael Ln is 1994.

Rocket Homes›Tennessee›Monroe County›Madisonville›37354›166 Michael Ln

This home is located at 166 Michael Ln in Madisonville, TN and zip code 37354 in the Belcher Estates neighborhood. This 2,454 square foot home, which was built in 1994, sits on a 1.50 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 21, 2024 and is currently priced at $499,900.

While more than 0 listings in Madisonville, TN in October 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 7 were sold below. The inventory of homes for sale in Madisonville, TN between September 2024 and October 2024 increased by 10.5%. While the average time on the market in October 2024 was 43 days, the median list price was $300,000.

From Rocket Homes Real Estate and based on county public records data.

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