5 months on rocket

542 Rainbow Rd, Mountain City, TN, 37683

$670,000

Home List Price

$7,956*

Closing Credit

3 Bedrooms
2 Full Baths
2,046 SqFt
$327/SqFt
House

Location

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542 Rainbow Rd, Mountain City$670,000

Buyer Closing Credits

$7,956*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAsphalt, Carport, Garage Door Opener, Parking Spaces
Garage1 space
Year Built1978
HeatingHeat Pump, Wood
CoolingCeiling Fan(s), Heat Pump
BasementYes
FireplaceBasement, Flue, Living Room
ViewMountain(s), Creek/Stream
MLS #9968103
Lot Size11.16 Acres
StatusActive

About 542 Rainbow Rd

LOVELY RANCH STYLE HOME located just outside the quaint town of Mountain City. Situated on an amazing 11.16+/- acres the property is estate living at its best. A blend of traditional white brick and a color palette of cavern clay decorates the exterior for a distinctive combination of style. 3-4 bedrooms including.... 2 full baths, one on each level, the home offers an exceptional family room with vaulted ceilings and exposed beams, a spacious kitchen with eat in area, kitchen cabinet and appliance upgrades and all with access to the wrap around and side covered porches. Beautiful appointments the home offers a partially finished basement with a den and sleep combination area, an astounding pantry and storage zone along with a workshop space. A one car drive under garage is also featured. Landscaped professionally and by nature tour the property to find a barn/shed along with ATV and walking trails leading to the keystone of our listing .... the pond and meadows featured on the lower acreage. Privacy and seclusion with long range mountain views all tucked away within just minutes to the downtown restaurants, antique shops, and retail shopping stores. Come and enjoy the majestic mountains of Northeast Tennessee. Unrestricted this property is one of a kind. Two- car carport and gazebo are also extras that convey. Experience living in the great state of Tennessee and take in the magic of the Blue Ridge Mountains. Close to Lake Watauga, Watauga Lake Winery, DMRA, Va Creeper & Appalachian Trails, Boone NC, Western North Carolina Ski Slopes, Bristol Motor Speedway and all Tri City area attractions. Enjoy all four seasons. Call today and be the first to view 542 Rainbow Road. Buyer/buyer's agent to verify all information.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch, Traditional
  • Year Built: 1978
  • Living Area: 2,046 SqFt

Listing Office:

  • Office Name: Ace Realty
  • Office Phone: (423) 727-5554
  • Listing Agent: Elizabeth Cornett

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood, Vinyl
  • Interior: Primary Downstairs, Eat-in Kitchen, Kitchen/Dining Combo, Pantry
  • Fireplace: Basement, Flue, Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Mountain(s), Creek/Stream
  • Exterior: Privacy Fence, Porch/Covered, Deck, Porch Front, Wrap Around Porch, Garden, Fenced Pasture

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Asphalt, Carport, Garage Door Opener, Parking Spaces

Lot Features

Lot Information:

  • Lot Size: 11.16 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: Take Hwy 421 S. Turn right onto Hwy 167 at Food Lion crossroads. Next right onto Rainbow Road. Approximately .3 miles turn right into property. Property is signed.

Price Information

Listing Price Info

Price Summary:

  • List Price: $670,000
  • Price Per SqFt: $327/SqFt

Tax Information:

  • Annual Amount: $879
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Mountain City, TN.

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Mountain City, TN

City

Med. Sold Price

$264.2K

Med. Price/SqFt

$158

Avg. Days On Market

98

# of Sold Homes

8

542 Rainbow Rd vs Mountain City

168 DAYS ON ROCKET

+70 Days

$670,000

+$405.7K More

$327/SqFt

+$168 More

KEY TAKEAWAY

This property is $405.7K more than the Median Sold Price and $168/SqFt more than other homes in Mountain City, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Tennessee/Virginia Regional MLS
  • MLS Number: #9968103

Listing Office:

  • Office Name: Ace Realty
  • Office Phone: (423) 727-5554
  • Listing Agent: Elizabeth Cornett

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Tennessee Virginia Regional MLS. 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. Real estate listings held by brokerage firms other than this brokerl, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright© 2024 Tennessee Virginia Regional MLS. All Rights Reserved.
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, 8:21:06 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

Jan 17, 2013Home Sold
$157,000

Tax History

YEARPROP. TAXASSESSMENT
2020$879$52,125
2019$879$42,875
2018$879$42,875
2017$879$42,875

History based on county public records data.

Payment Calculator

$3,411

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,075

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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-4228296
6
/10

  • Mountain City Elementary School

  • 301 Donnelly St

  • 1.58 miles

  • Public District Grades PK-6

school-card-donut-4228297
4
/10

  • Roan Creek Elementary School

  • 2410 Roan Creek Rd

  • 2.39 miles

  • Public District Grades PK-6

school-card-donut-4228298
5
/10

  • Doe Elementary School

  • 7164 Highway 67 W

  • 6.12 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,826. The majority of Mountain City, TN residents have income less than $35k annually. Residents typically live in single, 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 542 Rainbow Rd

What is the listing price of this property?

The listing price of 542 Rainbow Rd property is $670,000.

What type of property is this?

The property 542 Rainbow Rd is a house located in Mountain City, Tennessee, 37683.

Is this property for sale now?

Active Listing: 542 Rainbow Rd 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 $879 (source: MLS/based on county public records data).

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

The last sale was on January 17, 2013 for $157,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 542 Rainbow Rd has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 542 Rainbow Rd is 2,046 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 542 Rainbow Rd is 1978.

Rocket Homes›Tennessee›Johnson County›Mountain City›37683›542 Rainbow Rd

This home is located at 542 Rainbow Rd in Mountain City, TN and zip code 37683. This 2,046 square foot home, which was built in 1978, sits on a 11.16 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 02, 2024 and is currently priced at $670,000.

In November 2024 more than 0 listings in Mountain City, TN were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 6 were sold below. In November 2024 in Mountain City, TN there were 8.1% less homes for sale than in October 2024. While the average time on the market in November 2024 was 98 days, the median list price was $264,250.

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

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