Discover your dream home in the heart of the desirable Laurel Valley community. This immaculate, low-maintenance, 3-bed, 3-bath home is move-in ready and designed for effortless living, making it ideal for a short-term rental investment, a personal vacation retreat, or a permanent residence. The expansive walk-out basement serves as an entertainment hub, equipped with an indoor putting simulator, pool table, gaming table, movie room, additional sleeping areas, and a sauna, providing year-round fun and relaxation after a day of exploring the Great Smoky Mountains. Outside, enjoy an oasis featuring a newly expanded deck, fenced yard, stone fire pit, and a luxurious hot tub, perfect for entertaining or quiet evenings under the stars. For a seamless transition, this property is offered turnkey, including all furniture, decor, and contents. As a resident of Laurel Valley, you'll have access to the Wild Laurel Golf Course, which includes a picturesque 18-hole course, fitness center, pro shop, tavern, and swimming pool. The gated community is meticulously maintained with paved roads and winter road care, ensuring year-round accessibility. Conveniently located less than 30 minutes from Knoxville Airport, Maryville, hospitals, shopping, and major highways, this home offers the perfect balance of tranquility and convenience. Experience the ultimate in comfort and leisure--schedule your tour today!
For sale
Price cut: $24K (5/11)
$775,000
Rainbow Cir, Townsend, TN 37882
3beds
3,200sqft
Single Family Residence
Built in 2022
0.34 Acres Lot
$-- Zestimate®
$242/sqft
$92/mo HOA
What's special
Gated communityMovie roomPool tableIndoor putting simulatorFenced yardStone fire pitAdditional sleeping areas
- 112 days |
- 286 |
- 16 |
Zillow last checked:
Listing updated:
Listed by:
Stephanie Tipton 865-850-7083,
Compass Tennessee, LLC 615-475-5616
Source: East Tennessee Realtors,MLS#: 1333056
Loading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Rooms
- Room types: Bonus Room
Heating
- Central, Heat Pump, Propane, Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
Features
- Walk-In Closet(s), Kitchen Island, Bonus Room
- Flooring: Laminate, Carpet, Tile
- Windows: Insulated Windows
- Basement: Walk-Out Access,Finished
- Number of fireplaces: 1
- Fireplace features: Gas Log
Interior area
- Total structure area: 3,200
- Total interior livable area: 3,200 sqft
Property
Parking
- Parking features: Off Street, Main Level
Features
- Exterior features: Gas Grill, Prof Landscaped
- Has view: Yes
- View description: Mountain(s), Country Setting, Trees/Woods
Lot
- Size: 0.34 Acres
- Dimensions: 65 x 155 IRR
- Features: Wooded, Near Golf Course, Irregular Lot, Rolling Slope
Details
- Parcel number: 106C H 03800 000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage,Craftsman
- Property subtype: Single Family Residence
Materials
- Fiber Cement, Block, Frame
Condition
- Year built: 2022
Utilities & green energy
- Sewer: Septic Tank, Perc Test On File
- Water: Private
- Utilities for property: Cable Available
Community & HOA
Community
- Security: Gated Community, Security System, Smoke Detector(s)
- Subdivision: Cold Springs
HOA
- Has HOA: Yes
- Amenities included: Golf Course, Security
- Services included: Insurance, Security, Maintenance Grounds
- HOA fee: $1,100 annually
Location
- Region: Townsend
Financial & listing details
- Price per square foot: $242/sqft
- Tax assessed value: $344,800
- Annual tax amount: $1,371
- Date on market: 3/17/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/11/2026 | Price change | $775,000-3%$242/sqft |
Source:  East Tennessee Realtors #1333056 Report a problem | ||
| 3/17/2026 | Listed for sale | $799,000-4.3%$250/sqft |
Source: East Tennessee Realtors #1333056 Report a problem | ||
| 1/1/2026 | Listing removed | $835,000$261/sqft |
Source: East Tennessee Realtors #1294413 Report a problem | ||
| 7/21/2025 | Listed for sale | $835,000-1.8%$261/sqft |
Source: East Tennessee Realtors #1294413 Report a problem | ||
| 5/5/2025 | Listing removed | $850,000$266/sqft |
Source: East Tennessee Realtors #1294413 Report a problem | ||
| 3/24/2025 | Listed for sale | $850,000+13.3%$266/sqft |
Source: East Tennessee Realtors #1294413 Report a problem | ||
| 3/29/2024 | Listing removed | -- |
Source: East Tennessee Realtors #1220592 Report a problem | ||
| 7/28/2023 | Sold | $750,000-6.2%$234/sqft |
Source: East Tennessee Realtors #1229183 Report a problem | ||
| 6/23/2023 | Pending sale | $799,900$250/sqft |
Source: East Tennessee Realtors #1229183 Report a problem | ||
| 6/5/2023 | Listed for sale | $799,900$250/sqft |
Source: East Tennessee Realtors #1229183 Report a problem | ||
| 4/13/2023 | Listing removed | $799,900$250/sqft |
Source: East Tennessee Realtors #1220592 Report a problem | ||
| 3/17/2023 | Listed for sale | $799,900+3455.1%$250/sqft |
Source: East Tennessee Realtors #1220592 Report a problem | ||
| 9/21/2021 | Sold | $22,500$7/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,371 | $86,200 |
| 2023 | $1,371 +604.6% | $86,200 +994.6% |
| 2022 | $195 | $7,875 |
| 2021 | $195 | $7,875 |
| 2020 | $195 | $7,875 |
| 2019 | $195 -10% | $7,875 -10% |
| 2018 | $216 +1.9% | $8,750 |
| 2017 | $212 | $8,750 |
| 2016 | $212 +12.7% | $8,750 |
| 2015 | $188 | $8,750 |
| 2014 | -- | $8,750 |
| 2013 | $188 -0.1% | $8,750 |
| 2011 | $188 +5.4% | $8,750 |
| 2010 | $179 | $8,750 |
| 2009 | -- | $8,750 +4.2% |
| 2008 | $187 | $8,400 |
| 2007 | $187 +2.3% | $8,400 |
| 2006 | $183 -10.3% | $8,400 |
| 2005 | $204 +55% | $8,400 +37.1% |
| 2004 | $132 | $6,125 |
| 2002 | $132 | $6,125 |
| 2001 | -- | $6,125 -76.7% |
| 2000 | -- | $26,250 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 37882
Getting around
3 / 100
Car-DependentNearby schools
GreatSchools rating
- 5/10Townsend Elementary SchoolGrades: K-5Distance: 3 mi
- 6/10Heritage Middle SchoolGrades: 6-8Distance: 7.6 mi
- 7/10Heritage High SchoolGrades: 9-12Distance: 7.7 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Tennessee
- Blount County
- Townsend
- 37882
- Rainbow Cir
Nearby cities
Nearby zip codes
Other Townsend Topics
