3 months on rocket

698 N Lake Trl, Monterey, TN, 38574

$465,000

Home List Price

$5,522*

Closing Credit

3 Bedrooms
2 Full Baths
1,979 SqFt
$235/SqFt
House

Location

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698 N Lake Trl, Monterey$465,000

Buyer Closing Credits

$5,522*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
Garage2 spaces
Year BuiltNew Const., 2024
HeatingCentral, Heat Pump, Electric
CoolingCentral Air
FireplaceElectric, Stone
ViewTrees/Woods
MLS #1270691
Lot Size1.02 Acres
StatusActive

About 698 N Lake Trl

Don't wait to view this beautiful 2024 NEW CONSTRUCTION located in Cumberland Lakes! The Lakes is a deed restricted community high on the Cumberland Plateau, north of I-40, midway between Knoxville and Nashville, Tennessee. This community offers quiet country living in a beautiful natural setting, with 632 wooded lots and lovely homes surrounding four pristine lakes within a 1080-acre forest. Cumberland Lakes features two boat ramps, three common parks, picnic areas, a community clubhouse, a running rockslide creek, and plenty of wildlife to observe while hiking or biking along 25 miles of paved roads throughout the secluded wooded community. The home is a 3-bedroom, 2-bath nestled on 1.02 acres and spans 1,979 square feet. It features deep gray-blue vinyl siding with beautiful stone accents and decorative cedar gables. For your parking needs, there is an oversized 2-car garage that has a door to a large laundry room, which could easily be used as a mudroom. Inside the home, you will find high vaulted ceilings with a gorgeous exposed beam running from wall to wall. The stone electric fireplace will ensure warmth in the chilly Tennessee weather for maximum coziness. The kitchen features a custom island with white and gray marbled quartz countertops. The shaker-style cabinets are also white and feature soft-close hardware. The master bedroom walk-in closet can also be utilized as a reinforced safe room, with the ceiling dropped down and the walls having two layers of plywood with a steel door. The master bedroom also features a tiled-in double-headed shower and a vanity with plenty of counter space. There is a partially covered deck perfect for grilling and entertaining, built with composite TREX decking made to last. The walk-in crawl space has been ENCAPSULATED and there is an 8x27 mechanical room. The hot water heater and pressure tank for the well are located there, and it could also be used to store a lawn mower. The builder is offering a 1-year builder's warranty. Call today to see your dream home. *Buyer to verify all information before making an informed offer.*

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 2024
  • Living Area: 1,979 SqFt

Listing Office:

  • Office Name: Isham-Jones Realty
  • Office Phone: (931) 994-0022

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Range, Refrigerator, Self Cleaning Oven
  • Basement: No
  • Flooring Type: Vinyl
  • Interior: Cathedral Ceiling(s), Walk-In Closet(s), Eat-in Kitchen
  • Fireplace: Electric, Stone

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Trees/Woods
  • Exterior: Windows - Vinyl, Porch - Covered

Parking Information:

  • Garage Space: 2 spaces

Lot Features

Lot Information:

  • Lot: Wooded, Level
  • Lot Size: 1.02 Acres

Utilities

Utilities Information:

  • Heating: Central, Heat Pump, Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Take Highway 62 from Cumberland County and turn left into the Cumberland lakes entrance. In about 0.2 miles take a left onto N Lake Trail and the new construction home will be on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $465,000
  • Price Per SqFt: $235/SqFt

HOA Fees:

  • Amount: $175
  • Frequency: Annually
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Housing Market Comparison

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

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Monterey, TN

City

Med. Sold Price

$471.4K

Med. Price/SqFt

$217

Avg. Days On Market

37

# of Sold Homes

8

698 N Lake Trl vs Monterey

115 DAYS ON ROCKET

+78 Days

$465,000

-$6.4K Less

$235/SqFt

+$17 More

KEY TAKEAWAY

This property is $6.4K less than the Median Sold Price and $17/SqFt more than other homes in Monterey, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1270691

Listing Office:

  • Office Name: Isham-Jones Realty
  • Office Phone: (931) 994-0022

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: 11/17/2024, 10:20:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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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-400678
5
/10

  • Burks Elementary School

  • 300 Crossville St

  • 7.34 miles

  • Public District Grades PK-6

school-card-donut-400679
6
/10

  • BonDeCroft Elementary School

  • 8095 Crossville Hwy

  • 15.99 miles

  • Public District Grades PK-5

school-card-donut-400680
6
/10

  • Algood Elementary School

  • 2525 Old Walton Rd

  • 18.39 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 $38,470. Typical income of Monterey, TN residents is between $35k-100k annually. The majority of families are married, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 698 N Lake Trl

What is the listing price of this property?

The listing price of 698 N Lake Trl property is $465,000.

What type of property is this?

The property 698 N Lake Trl is a house located in Monterey, Tennessee, 38574.

Is this property for sale now?

Active Listing: 698 N Lake Trl is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 698 N Lake Trl has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 698 N Lake Trl is 1,979 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 698 N Lake Trl is 2024.

Rocket Homes›Tennessee›Putnam County›Monterey›38574›698 N Lake Trl

This home is located at 698 N Lake Trl in Monterey, TN and zip code 38574 in the Cumberland Lake neighborhood. This 1,979 square foot home, which was built in 2024, sits on a 1.02 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 24, 2024 and is currently priced at $465,000.

In October 2024, from all listings sold in Monterey, TN there were more than 1 sold above asking price, over 6 sold below and more than 1 were sold right at the asked price. The inventory of homes for sale in Monterey, TN between September 2024 and October 2024 increased by 3.9%. In October 2024, listings were on the market for 37 days. During the same period, the median list price in this real estate market was $471,450.

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

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