2 months on rocket

511 Laurel Lake Cir, Madisonville, TN, 37354

$749,000

Home List Price

$8,894*

Closing Credit

3 Bedrooms
2 Full Baths
2,462 SqFt
$304/SqFt
House

Location

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511 Laurel Lake Cir, Madisonville$749,000

Buyer Closing Credits

$8,894*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeResidential
ParkingGarage Door Opener, Detached
Garage4 spaces
Year Built1972
HeatingCentral, Electric
CoolingCentral Air
BasementYes
WaterfrontWater Access, Lake Front
FireplaceStone, Wood Burning
ViewLake
MLS #1277736
Lot Size0.70 Acres
StatusActive

About 511 Laurel Lake Cir

**Lakefront Retreat in Gated Mountain Community - Laurel Mountain Lakes** Discover serenity at this **3-bedroom, 2-bath** home nestled on a **private mountain lake** in the sought-after **Laurel Mountain Lakes** community. This hidden gem offers a unique blend of tranquility and convenience, located between **Madisonville** and **Tellico Plains**. This unique split level home has shared living room and kitchen with upstairs primary bedroom and bath with laundry. Downstairs will find 2 bedrooms and 1 bath. Wake up to breathtaking lake views from your back deck, perfect for morning or evening relaxation. This well-maintained home boasts an **extra-large primary bedroom**, a spacious living area ideal for entertaining, and even a **hot tub** for ultimate relaxation. With **two detached garages**, there's ample space for vehicles, storage, or hobbies. The 24 x 30 garage is plumbed for a bathroom and has electric, Second garage is 20 x 23. The **gated community** features a variety of distinctive homes, adding charm and character to the area. Whether you're looking for a **full-time residence** or a **private getaway**, this property offers the perfect blend of natural beauty and modern comfort. Enjoy peace, privacy, and stunning lake views every day in this **rare lakefront opportunity**. Don't miss your chance to own a piece of paradise! Buyer to verify all information.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1972
  • Living Area: 2,462 SqFt

Listing Office:

  • Office Name: Tellico Mountain Realty, LLC
  • Office Phone: (423) 253-6145

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Hardwood, Vinyl, Tile
  • Interior: Walk-In Closet(s)
  • Fireplace: Stone, Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Water Access, Lake Front
  • View: Lake
  • Exterior: Patio, Porch - Covered, Porch - Enclosed, Porch - Screened, Deck

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: No
  • Parking: Garage Door Opener, Detached

Lot Features

Lot Information:

  • Lot: Waterfront
  • Lot Size: 0.70 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: From highway 68 turn at onto Country Side Ln to immediate right onto Big Creek Rd go mile turn right onto Laurel Branch rd. 1.1 mile continue to gate. Located in Laurel Mountain Lakes Subdivision. Go through gate to second Pine Loop entrance. House numbers are marked home on left. Will require access through gate.

Price Information

Listing Price Info

Price Summary:

  • List Price: $749,000
  • Price Per SqFt: $304/SqFt

HOA Fees:

  • Amount: $550
  • Frequency: Annually

Tax Information:

  • Annual Amount: $1,310
  • 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

$293.9K

Med. Price/SqFt

$184

Avg. Days On Market

96

# of Sold Homes

16

511 Laurel Lake Cir vs Madisonville

82 DAYS ON ROCKET

-14 Days

$749,000

+$455K More

$304/SqFt

+$119 More

KEY TAKEAWAY

This property is $455K more than the Median Sold Price and $119/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: #1277736

Listing Office:

  • Office Name: Tellico Mountain Realty, LLC
  • Office Phone: (423) 253-6145

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: 12/17/2024, 8:21:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 26, 2020Home Sold
$355,000
Nov 21, 2001Home Sold
$125,000
Nov 28, 1990Home Sold
$66,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,310$58,500
2019$1,158$58,500
2018$1,158$58,500
2017$976$50,425

History based on county public records data.

Payment Calculator

$3,851

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,312

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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-4228280
3
/10

  • Tellico Plains Elementary School

  • 121 Old High School Rd

  • 3.53 miles

  • Public District Grades PK-4

school-card-donut-4228281
5
/10

  • Madisonville Intermediate School

  • 1000 Green Rd

  • 7.64 miles

  • Public District Grades 3-5

school-card-donut-4228282
4
/10

  • Vonore Elementary School

  • 1135 Highway 411

  • 12.15 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,853. The most common annual income of people living in Madisonville, TN is between $35k-100k. The most common type of family is married, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 511 Laurel Lake Cir

What is the listing price of this property?

The listing price of 511 Laurel Lake Cir property is $749,000.

What type of property is this?

The property 511 Laurel Lake Cir is a house located in Madisonville, Tennessee, 37354.

Is this property for sale now?

Active Listing: 511 Laurel Lake 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 $1,310 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on June 26, 2020 for $355,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 511 Laurel Lake Cir has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 511 Laurel Lake Cir is 2,462 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 511 Laurel Lake Cir is 1972.

Rocket Homes›Tennessee›Monroe County›Madisonville›37354›511 Laurel Lake Cir

This home is located at 511 Laurel Lake Cir in Madisonville, TN and zip code 37354 in the Laurel Mountain Lakes neighborhood. This 2,462 square foot home, which was built in 1972, sits on a 0.70 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $749,000.

While more than 2 listings in Madisonville, TN in November 2024 were sold above asking price, there were more than 1 listings sold at asking price, and more than 13 were sold below. In November 2024 in Madisonville, TN there were 3% less homes for sale than in October 2024. While the average time on the market in November 2024 was 96 days, the median list price was $293,950.

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

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