6 months on rocket

319 Rainbow Cir, Townsend, TN, 37882

$499,999

Home List Price

$5,937*

Closing Credit

1 Bedroom
2 Full Baths
1,452 SqFt
$344/SqFt
House

Location

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319 Rainbow Cir, Townsend$499,999

Buyer Closing Credits

$5,937*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingSide/Rear Entry, Off-Street Parking
Year Built2006
HeatingCentral, Heat Pump, Electric
CoolingCeiling Fan(s)
FireplaceGas Log
ViewGolf Course, Trees/Woods
MLS #1262345
Lot Size0.60 Acres
StatusActive

About 319 Rainbow Cir

Welcome to your serene retreat nestled in the heart of Laurel Valley, Townsend, TN. This captivating cabin offers an unparalleled escape with its breathtaking surroundings and impeccable design. Step inside to discover an amazing 1-bedroom, 2-bathroom sanctuary that exudes warmth and charm. The main level features a spacious bedroom, providing a cozy haven for rest and relaxation. Upstairs, a large loft awaits, currently utilized as a second private sleeping quarters, offering versatile space for guests or additional lounging area. Immerse yourself in the beauty of the updated interiors, where every detail has been meticulously maintained. From the inviting living area to the fully-equipped kitchen, every corner of this cabin radiates with comfort. Outside, indulge in the tranquility of nature from the comfort of your private deck, where the sounds of the forest and the crisp mountain air create an idyllic setting for outdoor living. Whether you're seeking a peaceful retreat or an investment opportunity, this cabin is sure to exceed your expectations. Currently thriving as a second home and overnight rental, it offers the perfect blend of relaxation and potential income. Don't miss your chance to own a piece of paradise in Laurel Valley. Schedule your viewing today and experience the magic of mountain living at its finest. Buyer to Verify.

Property Details

Property Features

Property Information:

  • Architectural Style: Cabin
  • Year Built: 2006
  • Living Area: 1,452 SqFt

Listing Office:

  • Office Name: Compass Tennessee, LLC
  • Office Phone: (818) 723-7351

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Basement: No
  • Flooring Type: Carpet, Hardwood, Tile
  • Interior: Cathedral Ceiling(s), Eat-in Kitchen
  • Fireplace: Gas Log

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 1

Exterior Features

Exterior Information:

  • View: Golf Course, Trees/Woods
  • Exterior: Deck

Parking Information:

  • Attached Garage: No
  • Parking: Side/Rear Entry, Off-Street Parking

Lot Features

Lot Information:

  • Lot: Private, Wooded, Near Golf Course, Rolling/Hilly
  • Lot Size: 0.60 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: Hwy 321 to R at Back Porch Restaurant, R on Laurel Valley Rd. Hard L at guard house. R on Laurel Rd at 3-way stop. Continue to first L past Clearwater Circle--no street sign. Property on L at sign.

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,999
  • Price Per SqFt: $344/SqFt

HOA Fees:

  • Amount: $1000
  • Frequency: Annually

Tax Information:

  • Annual Amount: $1,192
  • Tax Year: 2020
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Housing Market Comparison

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

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Townsend, TN

City

Med. Sold Price

$439.9K

Med. Price/SqFt

$302

Avg. Days On Market

102

# of Sold Homes

6

319 Rainbow Cir vs Townsend

195 DAYS ON ROCKET

+93 Days

$499,999

+$60K More

$344/SqFt

+$42 More

KEY TAKEAWAY

This property is $60K more than the Median Sold Price and $42/SqFt more than other homes in Townsend, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1262345

Listing Office:

  • Office Name: Compass Tennessee, LLC
  • Office Phone: (818) 723-7351

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: 11/21/2024, 10:20:57 AM 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$1,192$48,275
2019$1,165$48,275
2018$1,165$47,175
2017$1,165$47,175

History based on county public records data.

Payment Calculator

$2,646

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,566

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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-264559
5
/10

  • Townsend Elementary School

  • 140 Tiger Dr

  • 3.01 miles

  • Public District Grades PK-5

school-card-donut-264560
5
/10

  • Walland Elementary School

  • 247 E Millers Cove Rd

  • 4.68 miles

  • Public District Grades PK-5

school-card-donut-264561
8
/10

  • Montvale Elementary School

  • 3128 Montvale Rd

  • 9.20 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $47,000. The majority of Townsend, TN residents have income between $35k-100k annually. Residents typically live in married, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 319 Rainbow Cir

What is the listing price of this property?

The listing price of 319 Rainbow Cir property is $499,999.

What type of property is this?

The property 319 Rainbow Cir is a house located in Townsend, Tennessee, 37882.

Is this property for sale now?

Active Listing: 319 Rainbow Cir 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 $1,192 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 319 Rainbow Cir has 1 bedroom and 2 bathrooms.

What is the square footage of this property?

The property 319 Rainbow Cir is 1,452 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 319 Rainbow Cir is 2006.

Rocket Homes›Tennessee›Blount County›Townsend›37882›319 Rainbow Cir

This home is located at 319 Rainbow Cir in Townsend, TN and zip code 37882 in the Cold Springs neighborhood. This 1,452 square foot home, which was built in 2006, sits on a 0.60 acre lot. Features: 1 bedroom, 2 bathrooms. It has been listed on Rocket Homes since May 09, 2024 and is currently priced at $499,999.

In October 2024 more than 0 listings in Townsend, TN were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 5 were sold below. The number of listings in Townsend, TN increased by 15.6% between September 2024 and October 2024. Listings spent 102 days on the market in October 2024, and had a median list price of $439,900 during the same period.

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

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