Sold for $360,000

$360,000

875 Laurel Lake Cir, Madisonville, TN 37354

2beds

1,336sqft

Single Family Residence, Residential

Built in 1971

0.38 Acres Lot

$367,900 Zestimate^®

$269/sqft

$1,556 Estimated rent

Home value

$367,900

$346,000 - $394,000

$1,556/mo

Zestimate^® history

Owner options

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$1,556/mo

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$1,556/mo

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$2,607/mo

Est. payment

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$2,607/mo

Est. payment

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What's special

Set back and relax along a picturesque lake in Madisonville.! This charming lake front cottage is well maintained and tucked away in one of East TN's sought after gated communities. The home was remodeled in 2007 and a new spetic tank was installed in 2022. Featuring 2 bedrooms 2 baths and a cozy gas stove in the living room, the interior of this home is comfortable and inviting. Need a little r and r? Stroll just a short distance down Laurel Lake Road to the private sand beach or let the incredible lake view mesmerize you from the screened porch. Ride your golf cart to the dam for sunsets or to visit friends for dinner. On chilly evenings, the dockside firepit is ideal for entertaining family and friends. There are great opportunities for fishing, wildlife viewing, community get togethers and strolling along the lake. The adjacent lot (across the road, no lake frontage) is buildable or, it can be used as a buffer from future development)

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

Propane, Central, Electric

Cooling

Ceiling Fan(s), Central Air, Window Unit(s), See Remarks

Appliances

Included: Washer, Dryer, Electric Oven, Refrigerator
Laundry: Main Level

Features

See Remarks, Storage, Kitchen Island, Breakfast Bar, Ceiling Fan(s)
Flooring: Laminate, Vinyl
Basement: Crawl Space
Has fireplace: No

Interior area

Total structure area: 1,336
Total interior livable area: 1,336 sqft
Finished area above ground: 1,336
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Driveway, Garage
Attached garage spaces: 2
Has uncovered spaces: Yes

Features

Levels: One and One Half
Stories: 1
Patio & porch: Covered, Deck, Porch, Screened
Exterior features: See Remarks, Rain Gutters, Dock, Fire Pit
Pool features: None
Has view: Yes
On waterfront: Yes
Body of water: See Remarks, Other

Lot

Size: 0.38 Acres
Features: Rural, Wooded, Level

Details

Additional structures: See Remarks, Garage(s)
Additional parcels included: .54 acres available
Parcel number: 115b B 028.00
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Other
Property subtype: Single Family Residence, Residential

Materials

Vinyl Siding
Foundation: See Remarks
Roof: Shingle

Condition

Functional
New construction: No
Year built: 1971

Utilities & green energy

Sewer: Septic Tank
Water: Private, Well
Utilities for property: Propane, High Speed Internet Available, Water Connected, Phone Available, Electricity Connected

Community & HOA

Community

Features: Lake
Security: Gated Community
Subdivision: Laurel Lake

HOA

Has HOA: Yes
Services included: Water
HOA fee: $500 annually
Second HOA fee: $105 quarterly

Location

Region: Madisonville

Financial & listing details

Price per square foot: $269/sqft
Tax assessed value: $225,800
Annual tax amount: $849
Date on market: 6/19/2024
Listing terms: Cash,Conventional,FHA,USDA Loan,VA Loan,Assumable
Road surface type: Paved

Price history

Date	Event	Price
8/15/2024	Sold	$360,000-8.9%$269/sqft
Source: RCAR #20242663 Report a problem
7/20/2024	Pending sale	$395,000$296/sqft
Source: East Tennessee Realtors #1266812 Report a problem
6/19/2024	Listed for sale	$395,000+125.1%$296/sqft
Source: East Tennessee Realtors #1266812 Report a problem
12/28/2016	Sold	$175,500-4.9%$131/sqft
Source: East Tennessee Realtors #980095 Report a problem
11/21/2016	Pending sale	$184,500$138/sqft
Source: CENTURY 21 Howe Realty & Auction #980095 Report a problem
10/4/2016	Listed for sale	$184,500+536.2%$138/sqft
Source: CENTURY 21 Howe Realty & Auction #980095 Report a problem
3/21/2002	Sold	$29,000$22/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$860 +1.2%	$56,450 +1.2%
2024	$850	$55,800
2023	$850 -6.1%	$55,800 +38%
2022	$905	$40,425
2021	$905	$40,425
2020	$905 +13.1%	$40,425
2019	$800	$40,425
2018	$800 +0%	$40,425 +51.8%
2017	$800 +43.5%	$26,625
2016	$558	$26,625
2015	$558 0%	$26,625 0%
2014	$558	$26,628
2013	$558	$26,628
2012	--	$26,628 -4.4%
2011	$543 +23.4%	$27,854
2010	$440 +64%	$27,854 +64%
2009	$268 0%	$16,984
2008	$268	$16,984
2007	--	$16,984 +20.8%
2006	$271 +14.9%	$14,061
2005	$236 +2.1%	$14,061 +16.1%
2004	$231	$12,113
2002	$231	$12,113
2001	--	$12,113 -64.3%
2000	--	$33,911