Welcome to your serene oasis at Laurel Lake! This picturesque wooded lake view lot offers breathtaking vistas spanning across the tranquil 60 acres of Laurel Lake. Nestled within a private gated community, this parcel not only promises natural beauty but also holds incredible building potential.Imagine waking up to the gentle rustle of leaves and the shimmering reflection of the lake's surface right outside your window. This is the perfect canvas for creating your dream retreat, whether it's a cozy cabin or a luxurious lake view home.Conveniently situated between the charming towns of Madisonville and Tellico Plains, you'll have easy access to amenities while still enjoying the peace and privacy of this exclusive community. Don't miss this opportunity to own a slice of paradise at Laurel Lake—where every day feels like a vacation. Schedule your showing today! Adjacent lot 0.77 acre available for sale.
Property Details
Exterior Features
Exterior Information:
View: Lake
Lot Features
Lot Information:
Lot: Rolling/Hilly
Lot Size: 0.48 Acres
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. Will require access through gate. Take first left onto Laurel Lake Circle go past the beach lots on left located across from house number 823.
Price Information
Listing Price Info
Price Summary:
List Price: $30,000
HOA Fees:
Amount: $200
Frequency: Annually
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Madisonville, TN.
This property is $270K less than the Median Sold Price in Madisonville, TN.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: East Tennessee REALTORS® MLS
MLS Number: #1257267
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.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$233
Per Month
Principal & Interest
$150
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$16
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$156
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Tellico Plains Elementary School
121 Old High School Rd
Distance between this listing and this school3.31 miles
Public District Grades PK-4
5
/10
Madisonville Intermediate School
1000 Green Rd
Distance between this listing and this school7.86 miles
Public District Grades 3-5
4
/10
Vonore Elementary School
1135 Highway 411
Distance between this listing and this school12.27 miles
Public District Grades PK-4
Nearby Schools
6
/10
Tellico Plains Junior High School
120 Old High School Rd
Distance between this listing and this school3.29 miles
Public District Grades 5-8
6
/10
Rural Vale Elementary School
395 Daugherty Spring Rd
Distance between this listing and this school7.41 miles
Public District Grades KG-8
4
/10
Madisonville Middle School
175 Oak Grove Rd
Distance between this listing and this school7.81 miles
Public District Grades 6-8
Nearby Schools
6
/10
Tellico Plains High School
9180 Hwy 68
Distance between this listing and this school4.10 miles
Public District Grades 9-12
5
/10
Sequoyah High School
3128 Highway 411
Distance between this listing and this school8.46 miles
Public District Grades 9-12
7
/10
McMinn Central High School
145 Co Road 461
Distance between this listing and this school10.35 miles
The neighbors living near this home have an average income of $43,853. Typical income of Madisonville, TN residents is between $35k-100k annually. The majority of families are married, no kids. Typical level of education for residents in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About LOT120 Laurel Lake Cir
What is the listing price of this property?
The listing price of LOT120 Laurel Lake Cir property is $30,000.
What type of property is this?
The property LOT120 Laurel Lake Cir is land located in Madisonville, Tennessee, 37354.
Is this property for sale now?
Active Listing: LOT120 Laurel Lake Cir is For Sale (Active/New) which means the seller is accepting offers.
How much acreage is this property?
The property LOT120 Laurel Lake Cir is 0.48 acres.
Interested in LOT120 Laurel Lake Cir? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at LOT120 Laurel Lake Cir in Madisonville, TN and zip code 37354 in the Laurel Mountain Lakes neighborhood. This home sits on a 0.48 acre lot. It has been listed on Rocket Homes since March 27, 2024 and is currently priced at $30,000.
While more than 0 listings in Madisonville, TN in October 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 7 were sold below. The number of homes for sale in Madisonville, TN increased by 10.5% between September 2024 and October 2024. In October 2024 median list price was $300,000 and the average listing age was 43 days.
From Rocket Homes Real Estate and based on county public records data.
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. 
NASCAR
NASCAR
Hunting
Monster Trucks
Dollar General
Wal-Mart
Academy Sports & Outdoors
Hardee's
Jimmy Johns
Applebees
GMC
Ram
Chevrolet
Classic Country
New Country