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  • $430,500

    124 Peninsula Rd, Madisonville, TN 37354

    3beds
    1,896sqft
    Single Family Residence, Residential
    Built in 1978
    0.52 Acres Lot
    $432,000 Zestimate®
    $227/sqft
    $1,792 Estimated rent

    Home value

    $432,000

    $393,000 - $475,000

    $1,792/mo

    Zestimate® history
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    What's special

    : **Motivated seller! Sellers have a new home under contract and ready to sell!** Welcome to lake living in the gated community of Laurel Mountain Lakes. This 3 bedroom, 2 bath home offers approximately 1,896 square feet and the perfect blend of comfort, privacy, and waterfront access. The main level features two spacious bedrooms, a full bath, laundry area, and an open floor plan designed for everyday living and entertaining. The kitchen includes tall solid wood cabinetry that extends toward the vaulted ceilings, creating a warm focal point that opens to the living area. The living room features a unique 360-degree wood-burning fireplace, adding character and cozy ambiance. Step outside onto the sun deck and enjoy peaceful views of Laurel Mountain Lakes, an ideal spot for morning coffee or relaxing at the end of the day. The lower level offers additional flexibility with a kitchenette, bonus area, and a private primary suite with a full bath, making it suitable for guests, extended family, or a private retreat. Just outside the lower level is a screened porch with porch curtains, providing a comfortable outdoor space to enjoy the evening air. This lakefront property includes a private dock with direct access to the 60-acre lake where residents enjoy kayaking, swimming, fishing, and other water activities. Located at the end of a peninsula, the property offers deeper water and added privacy. The home is surrounded by attractive landscaping and features a well-designed outdoor entertaining area with a grilling space and a stone and wood outdoor fireplace, creating a great setting for gatherings. The outdoor area also includes a dining space with a large rustic table positioned to take in sunset views over the water. A front deck facing the lake provides an additional outdoor space to enjoy sunrise views. Additional features include a whole-house water filtration system with reverse osmosis and an active yearly maintenance program.

    Zillow last checked:

    Listing updated:

    Listed by:

    Barbara Ratledge 423-519-6287,

    East Tennessee Properties LLC

    Bought with:

    Lori Bennett, 369688

    East Tennessee Properties LLC

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3215142MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Central, Electric
    Cooling
    • Other, Central Air
    Appliances
    • Included: Electric Range, Dishwasher, Dryer, Washer, Refrigerator, Microwave
    Features
    • Ceiling Fan(s), High Ceilings, High Speed Internet
    • Flooring: Carpet, Luxury Vinyl
    • Basement: Finished,Crawl Space
    • Number of fireplaces: 1
    Interior area
    • Total structure area: 1,896
    • Total interior livable area: 1,896 sqft

    Property

    Parking
    • Parking features: Circular Driveway, Driveway, Gravel
    • Has uncovered spaces: Yes
    Features
    • Levels: Three Or More
    • Stories: 2
    • Patio & porch: Deck, Covered, Porch
    • Exterior features: Dock
    • Has view: Yes
    • View description: Lake
    • Has water view: Yes
    • Water view: Lake
    Lot
    • Size: 0.52 Acres
    • Dimensions: 214.8 x 147 IRR
    • Features: Sloped, Wooded
    • Topography: Sloped,Wooded
    Details
    • Parcel number: 115G B 02100 000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Other
    • Property subtype: Single Family Residence, Residential
    Materials
    • Vinyl Siding
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1978

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Electricity Available, Water Available

    Community & HOA

    Community
    • Security: Security Gate, Smoke Detector(s)
    • Subdivision: Laurel Lake
    HOA
    • Has HOA: Yes
    • Amenities included: Gated
    • Services included: Trash
    • HOA fee: $550 annually
    Location
    • Region: Madisonville

    Financial & listing details

    • Price per square foot: $227/sqft
    • Tax assessed value: $271,600
    • Annual tax amount: $1,034
    • Date on market: 4/6/2026
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    7/2/2026Sold$430,500-4.1%$227/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3215142 Report a problem
    5/12/2026Contingent$449,000$237/sqft
    Source: RCAR #20261279 Report a problem
    5/12/2026Pending sale$449,000$237/sqft
    Source: East Tennessee Realtors #1332665 Report a problem
    4/6/2026Price change$449,000-10.2%$237/sqft
    Source: East Tennessee Realtors #1332665 Report a problem
    3/18/2026Listed for sale$499,900+126.2%$264/sqft
    Source: East Tennessee Realtors #1332665 Report a problem
    1/22/2020Sold$221,000-1.8%$117/sqft
    Source: Public Record Report a problem
    12/12/2019Pending sale$225,000$119/sqft
    Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem
    12/4/2019Price change$225,000-5.9%$119/sqft
    Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem
    10/28/2019Listed for sale$239,000$126/sqft
    Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem
    10/3/2019Pending sale$239,000$126/sqft
    Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem
    8/16/2018Listed for sale$239,000+298.3%$126/sqft
    Source: CENTURY 21 Howe Realty & Auction #1052961 Report a problem
    10/28/1994Sold$60,000$32/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,034 $67,900
    2024$1,034 $67,900
    2023$1,034 +0.2%$67,900 +47.4%
    2022$1,032 +6.7%$46,075 +6.7%
    2021$968 $43,200
    2020$968 +13.1%$43,200
    2019$855 $43,200
    2018$855 +0%$43,200 +25.6%
    2017$855 +22%$34,400 +2.8%
    2016$701 $33,475
    2015$701 0%$33,475 0%
    2014$701 $33,476
    2013$701 $33,476
    2012-- $33,476 +14.2%
    2011$572 +23.4%$29,316
    2010$463 $29,316
    2009$463 0%$29,316
    2008$463 $29,316
    2007-- $29,316 +9.1%
    2006$519 +14.9%$26,873
    2005$451 +1.7%$26,873 +15.6%
    2004$444 $23,249
    2002$444 $23,249
    2001-- $23,249 -72%
    2000-- $83,154
    Find assessor info on the county website

    Neighborhood: 37354

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