2 months on rocket

318 Port Madison Dr, Loudon, TN, 37774

$1,500,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
2,758 SqFt
$544/SqFt
House

Location

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318 Port Madison Dr, Loudon$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingGarage Door Opener, Attached, Basement
Attached Garage2 spaces
Year Built1990
HeatingCentral, Propane, Electric
CoolingCentral Air
BasementYes
WaterfrontLake Front
FireplaceWood Burning
ViewMountain(s)
MLS #1270572
Lot Size6.95 Acres
StatusActive

About 318 Port Madison Dr

SELLING AS-IS. INCLUDES 4 OTHER PARCELS 6.95 ACRES TOTAL! Nestled in privacy, tranquility and nature, this 3 bd 2 full bath home is a place to hike, boat, fish, hunt, skeet shoot, garden, star gaze and relax; this property is totally self-sustainable. On a hike, you will note all types of Ferns, Trilliums, Lady Slippers, and Jack-in-the-pulpit, to name a few. Fish for small and big mouth bass, off the water's edge, while catching a view of the eagles soaring the vast sunrises and sunsets. If you are a hunter, or not, there are plenty of woodland animals to see, deer, fox, coyote, flying squirrels and others to photograph or just simply enjoy. There are birds of all kinds, especially hummingbirds, yellow finch, red birds, blue birds, hawks, and owls. So, if you are a bird watcher, you will not be disappointed. Boating, kayaking, canoeing are other features of living on this property. If one is so inclined, you can charter the proper vessel to sail as far as Florida. Get a chart plotter app like INavx or Navionics, or both, and start studying the route. A boat dock is permitted through TVA. There is a well-seasoned, nine-hundred square foot garden, with perennials and raised beds for whatever suits your taste. Flora and fauna grow well in this area, so the skies are the limit. The home is custom built and energy efficient, with an Aqua Clear water softener and purified water. New, heat and air, hot water heater, washer and dryer, fridge, and new hardwood floors. The open floor plan has cathedral ceilings, with twenty-foot windows for panoramic views of the river and eastern skies. There is a spacious deck, off from the great room to the first master suite bedroom, on the main level, and a double-sided wood burning fireplace, for comfort, in both the great room and bedroom. The main level bedroom has French doors, which opens onto the deck, and a large walk-in closet; the large windows provide an abundance of natural light. A bathroom connects to the bedroom, but private, with a separate entrance door. The main level has a large area for a dining room, or gatherings, and a smaller room for whatever you choose; presently it is a place that is used for physical health training. Again, large windows for plenty of natural light. The upper level has two bedrooms. One is the second master suite, with a large walk-in closet, large windows, and a large bathroom with an oversized jacuzzi tub. The second bedroom is smaller, with a long closet and large windows. These bedrooms are loft style, so the view of the river is never out of sight. The basement is, mostly finished, with a two-car garage. Approx 660 additional sq ft available (per tax records). Extensive alarm system. Exceptionally low property tax, water, gas, and electricity. Currently this home uses Propane, but gas is available from LCUB. You are within fifteen minutes to great grocery stores, hospital, excellent specialty doctors. Forty minutes to Knoxville, TN. and forty minutes to airport and ten minutes to major interstate. Depending on your route, it is one and half hours to Great Smoky Mountains and forty minutes to Cherokee National Forest. Tellico Plains is certainly a place to take a short journey, to the Cherokee National Forest and to visit the Amish Market and Tellico Grains Bakery. The possibilities are endless, especially with the amount of property and privacy, at this picturesque location. Selling AS-IS along with 4 other parcels totaling 6.95 acres. The other 4 parcels are Engel Rd. Encroachment going through approx 1 ft of home for non-existent road owned by Loudon County. Buyer to verify sq ft.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1990
  • Living Area: 2,758 SqFt

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Phone: (888) 519-5113

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Gas Oven, Microwave, Range, Refrigerator, Self Cleaning Oven
  • Basement: Yes
  • Flooring Type: Carpet, Hardwood
  • Interior: Cathedral Ceiling(s), Island in Kitchen, Walk-In Closet(s), Eat-in Kitchen
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Lake Front
  • View: Mountain(s)
  • Exterior: Deck

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Garage Door Opener, Attached, Basement

Lot Features

Lot Information:

  • Lot: Private, Waterfront
  • Lot Size: 6.95 Acres

Utilities

Utilities Information:

  • Heating: Central, Propane, Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: I-75 S to Chattanooga Exit 368 8 miles to exit 324 exit 76 Rt on Sugar Limb Rd .4 mi to 75 South R on E Lee Hwy L on Port Madison Home is .4 mi on your right

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000
  • Price Per SqFt: $544/SqFt

Tax Information:

  • Annual Amount: $1,092
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$584.9K

Med. Price/SqFt

$257

Avg. Days On Market

45

# of Sold Homes

44

318 Port Madison Dr vs Loudon

82 DAYS ON ROCKET

+37 Days

$1,500,000

+$915K More

$544/SqFt

+$286 More

KEY TAKEAWAY

This property is $915K more than the Median Sold Price and $286/SqFt more than other homes in Loudon, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1270572

Listing Office:

  • Office Name: eXp Realty, LLC
  • Office Phone: (888) 519-5113

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$1,092$67,850
2019$1,092$60,550
2018$1,092$60,550
2017$1,130$60,550

History based on county public records data.

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

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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-514886
4
/10
  • Loudon Elementary School

  • 2175 Roberts Rd

  • 2.57 miles

  • Public District Grades PK-5

school-card-donut-514887
6
/10
  • Steekee Elementary School

  • 4500 Steekee School Rd

  • 3.47 miles

  • Public District Grades PK-5

school-card-donut-514888
3
/10
  • Lenoir City Elementary School

  • 203 Kelly Ln

  • 4.32 miles

  • Public District Grades PK-3

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,216. The most common annual income of people living in Loudon, TN is between $35k-100k. The majority of families are married, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 318 Port Madison Dr

What is the listing price of this property?

The listing price of 318 Port Madison Dr property is $1,500,000.

What type of property is this?

The property 318 Port Madison Dr is a house located in Loudon, Tennessee, 37774.

Is this property for sale now?

Active Listing: 318 Port Madison Dr 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 $1,092 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 318 Port Madison Dr has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 318 Port Madison Dr is 2,758 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 318 Port Madison Dr is 1990.

Rocket HomesTennesseeLoudon CountyLoudon37774318 Port Madison Dr

This home is located at 318 Port Madison Dr in Loudon, TN and zip code 37774 in the Port Madison neighborhood. This 2,758 square foot home, which was built in 1990, sits on a 6.95 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 23, 2024 and is currently priced at $1,500,000.

In October 2024, from all listings sold in Loudon, TN there were more than 2 sold above asking price, over 33 sold below and more than 9 were sold right at the asked price. The number of listings in Loudon, TN increased by 2% between September 2024 and October 2024. Listings spent 45 days on the market in October 2024, and had a median list price of $584,999 during the same period.

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

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