1 month on rocket

700 Shanghai Dr Unit 11, Lafollette, TN, 37766

$825,000

Home List Price

$9,797*

Closing Credit

3 Bedrooms
3 Full Baths
2,088 SqFt
$395/SqFt
Condo

Location

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700 Shanghai Dr Unit 11, La Follette$825,000

Buyer Closing Credits

$9,797*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingOff-Street Parking
Year Built1990
HeatingHeat Pump, Propane, Electric
CoolingCentral Air
WaterfrontWater Access, Lake Front
FireplaceGas Log
ViewMountain(s), Lake
MLS #1277602
Lot Size0.01 Acres
StatusActive

About 700 Shanghai Dr Unit 11

Beautiful lakefront penthouse condo with exquisite updates throughout and phenomenal views of Norris Lake. This unit has a double-covered (2) boat slips with no monthly fees that convey with purchase that include electric. This unit is located on the main channel at TVA Point 10 across from Deerfield Resort and a 2 min boat ride to Shanghai Marina. The primary bedroom suite on the upper level has a remote-controlled gas fireplace, high ceilings, a Jacuzzi and large walk-in closet. There are 2 bedrooms on the Main level (one with en suite & walk-in closet & the other bunk room has a full bath in the hall. All privately-owned condo community has low long-term maintenance with new vinyl siding, wrapped trim and new roof for both buildings since 2022 & recent repaving of parking lot. Unit was maintained as a full-time residence for the last 24 years and has never been rented. Interior was completely renovated with cathedral loft ceilings, wood custom beams and 6 skylights. The great room wall is lined with Schrock & Kraftmaid cabinets, a custom cove wood ceiling & built-in bar. The iron & wood stairway to the upstairs primary was designed by Towe Iron Works, who did the Whittle bldg/Federal Courthouse in Knoxville. Fireplace on both levels have energy efficient propane inserts with thermostat blowers operated by switch or remote controls built in with custom mantles. Lighting in the living area is X-10 remote controlled that is adaptable to internet smart lighting. Custom 2'' wood blinds throughout. The HVAC, less than 2 yrs old, is divided into 3 digital zones with programmable thermostats (4 ton Heat Pump) for maximum efficiency. The water heater was replaced in March of 2022. The great room & common areas have 18'' porcelain Crossville Tile flooring except the upstairs primary has warm cherry laminate & the 3rd guest bedroom has commercial carpeting. All 3 baths and kitchen back-splashes have matching design layouts. The kitchen has a brand new refrigerator (never used), Bosch dishwasher, GE self-cleaning range & microwave, and combo tile & Silestone Quartz countertops. The laundry room with built-in storage cabinets contains a Samsung steam washer and dryer. You can step outside on the private decks to enjoy the lakefront views with a swing downstairs or watch 4th of July fireworks on the viewing deck upstairs joined by a ladder, all were upgraded to composite in 2022. Bring your toothbrush- everything is done and waiting for you.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1990
  • Living Area: 2,088 SqFt

Listing Office:

  • Office Name: Gables & Gates, REALTORS
  • Office Phone: (865) 777-9191

Interior Features

Interior Information:

  • Appliances: Dryer, Microwave, Range, Refrigerator, Washer
  • Basement: No
  • Flooring Type: Laminate, Tile
  • Interior: Cathedral Ceiling(s), Island in Kitchen, Walk-In Closet(s), Eat-in Kitchen
  • Fireplace: Gas Log

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Waterfront: Water Access, Lake Front
  • View: Mountain(s), Lake
  • Exterior: Deck, Dock

Parking Information:

  • Attached Garage: No
  • Parking: Off-Street Parking

Lot Features

Lot Information:

  • Lot: Waterfront
  • Lot Size: 0.01 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: From I-75 exit 134 take 25W/63E/Hwy9 towards LaFollette. In 5.9 miles turn right onto Hunters Branch. In 0.5 miles turn right on Demory Road. In approx 3.5 miles (1 mile past Demory Mart) stay left where Grantsboro and Demory split in front of the boat storage. In approx 2 miles turn left into gate (gate code required). Follow Shanghai Landing Lane down approx 1 mile from gate. Unit 11 is in the large building by the lake- go upstairs in the middle of the building.

Price Information

Listing Price Info

Price Summary:

  • List Price: $825,000
  • Price Per SqFt: $395/SqFt

HOA Fees:

  • Amount: $140
  • Frequency: Monthly
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Housing Market Comparison

See how this home compares to others in La Follette, TN.

Med. Sold Price

$260K

Med. Price/SqFt

$176

Avg. Days On Market

46

# of Sold Homes

16

700 Shanghai Dr Unit 11 vs La Follette

57 DAYS ON ROCKET

+11 Days

$825,000

+$565K More

$395/SqFt

+$219 More

KEY TAKEAWAY

This property is $565K more than the Median Sold Price and $219/SqFt more than other homes in La Follette, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1277602

Listing Office:

  • Office Name: Gables & Gates, REALTORS
  • Office Phone: (865) 777-9191

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, 12:20:56 PM 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-292886
4
/10
  • LaFollette Elementary School

  • 195 Myers Ln

  • 4.80 miles

  • Public District Grades PK-5

school-card-donut-292887
6
/10
  • Valley View Elementary School

  • 1187 Old Middlesboro Hwy

  • 5.99 miles

  • Public District Grades PK-5

school-card-donut-292888
7
/10
  • Jacksboro Elementary School

  • 164 Jacksboro Elem School Rd

  • 6.91 miles

  • Public District Grades PK-6

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,518. Residents of La Follette, TN typically earn less than $35k each year. The majority of families are married, no kids. 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 700 Shanghai Dr Unit 11

What is the listing price of this property?

The listing price of 700 Shanghai Dr Unit 11 property is $825,000.

What type of property is this?

The property 700 Shanghai Dr Unit 11 is a condo located in Lafollette, Tennessee, 37766.

Is this property for sale now?

Active Listing: 700 Shanghai Dr Unit 11 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 700 Shanghai Dr Unit 11 has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 700 Shanghai Dr Unit 11 is 2,088 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 700 Shanghai Dr Unit 11 is 1990.

Rocket HomesTennesseeCampbell CountyLa Follette37766700 Shanghai Dr Unit 11

This home is located at 700 Shanghai Dr Unit 11 in Lafollette, TN and zip code 37766. This 2,088 square foot home, which was built in 1990, sits on a 0.01 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $825,000.

In October 2024 more than 5 listings in La Follette, TN were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 6 were sold below. The inventory of homes for sale in La Follette, TN between September 2024 and October 2024 increased by 2.4%. In October 2024 median list price was $260,000 and the average listing age was 46 days.

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

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