Great mountain views on this gently sloped and wooded lot in Clearwater Cove on Norris Lake...easy build site with westerly views. Development amenities include pool, pavilion, on-site security and access to public marina in the Rainbow cove. Minimum sq footage to build is 1850 for a ranch and no short term rental options....see aerial footage on URL below https://www.youtube.com/watch?v=RJI1GNLGGNw
Property Details
Property Features
Listing Office:
Office Name: Lake Homes Realty
Office Phone: (866) 525-3466
Exterior Features
Exterior Information:
View: Mountain(s), Lake
Lot Features
Lot Information:
Lot: Cul-De-Sac, Wooded
Lot Size: 0.47 Acres
Other
Directions Information:
Directions: From 25E in Lafollete going North, R on Hunters Branch, R on Demory and then merge on Grantsboro to R on Rainbow to entrance 1/2 mile on R. Gated so call for access
Price Information
Listing Price Info
Price Summary:
List Price: $29,900
HOA Fees:
Amount: $575
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 La Follette, TN.
This property is $230.1K less than the Median Sold Price 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: #1187580
Listing Office:
Office Name: Lake Homes Realty
Office Phone: (866) 525-3466
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.
$264
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)
$47
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
4
/10
LaFollette Elementary School
195 Myers Ln
Distance between this listing and this school3.11 miles
Public District Grades PK-5
7
/10
Jacksboro Elementary School
164 Jacksboro Elem School Rd
Distance between this listing and this school3.38 miles
Public District Grades PK-6
4
/10
Caryville Elementary School
120 Cardinal Ln
Distance between this listing and this school5.10 miles
Public District Grades PK-5
Nearby Schools
1
/10
LaFollette Middle School
1309 E Central Ave
Distance between this listing and this school2.77 miles
Public District Grades 6-8
5
/10
Jacksboro Middle School
150 Eagle Cir
Distance between this listing and this school3.70 miles
Public District Grades 6-8
6
/10
Lake City Middle School
1132 S Main St
Distance between this listing and this school10.25 miles
Public District Grades 6-8
Nearby Schools
3
/10
Campbell County Comprehensive High School
150 Cougar Ln
Distance between this listing and this school0.99 miles
Public District Grades 9-12
7
/10
Anderson County High School
130 Maverick Cir
Distance between this listing and this school13.75 miles
Public District Grades 9-12
5
/10
Jellico High School
141 High School Ln
Distance between this listing and this school15.32 miles
The neighbors living near this home have an average income of $29,390. Residents of La Follette, TN typically earn less than $35k each year. 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 LOT559 Summer Cir
What is the listing price of this property?
The listing price of LOT559 Summer Cir property is $29,900.
What type of property is this?
The property LOT559 Summer Cir is land located in Lafollette, Tennessee, 37766.
Is this property for sale now?
Active Listing: LOT559 Summer Cir is For Sale (Active/New) which means the seller is accepting offers.
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 LOT559 Summer Cir in Lafollette, TN and zip code 37766. This home sits on a 0.47 acre lot. It has been listed on Rocket Homes since April 14, 2022 and is currently priced at $29,900.
La Follette, TN housing market in November 2024 saw over 5 listings sold above listed price, more than 1 sold at listed price and over 7 sold below. While the average time on the market in November 2024 was 69 days, the median list price was $260,000.
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. 
Figure Skating
Figure Skating
Extreme Sports
NASCAR
Kmart
Academy Sports & Outdoors
Dollar General
Bob Evans
Little Caesars
Cracker Barrel
Buick
Chevrolet
Ram
Oldies
Country