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$670,000   Price Analysis
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542 Rainbow Rd
Mountain City, TN 37683
3 bed 2 bath 2,046 SqFt ($327/SqFt)
11.16 acre lot. Built 1978
Listed 2024-07-02, Taxes $943
USDA Eligible
near Mountain City, TN
 Restrictions may apply
due to home size

LOVELY RANCH STYLE HOME located outside the quaint town of Mountain City.

Situated on an excellent 11.16+/- acres the property is estate living at its best. A blend of traditional white brick and a color palette of cavern clay decorates the exterior for a distinctive combination of style. 3-4 bedrooms including. 2 full baths, one on each level, the home offers an exceptional family room with vaulted ceilings and exposed beams, a big kitchen with eat in area, kitchen cabinet and appliance upgrades and all with access to the wrap around and side covered porches. Beautiful appointments the home offers a partially finished basement with a den and sleep combination area, an astounding pantry and storage zone along with a workshop space.

A one car drive under garage is also featured. Landscaped professionally and by nature tour the property to find a barn/shed along with ATV and walking trails leading to the keystone of our listing . the pond an d meadows featured on the lower acreage. Privacy and seclusion with long range mountain views all tucked away within minutes to the downtown restaurants, antique shops and retail shopping stores. Come and enjoy the majestic mountains of Northeast Tennessee. Unrestricted this prperty is one of a kind. Two- car carport and gazebo are also extras that convey. Experience living in the fantastic state of Tennessee and take in the magic of the Blue Ridge Mountains. Close to Lake Watauga, Watauga Lake Winery, DMRA, Va Creeper and Appalachian Trails, Boone NC, Western North Carolina Ski Slopes, Bristol Motor Speedway and all Tri City area attractions. Enjoy all four seasons. Call today and be the first to view 542 Rainbow Road. Buyer/buyer's agent to verify all information.


Presented by Ehlert, Elizabeth at
Ace Realty.
Listing Agent Photo

Property MLS #9968103 from TNVARegionalMLS

Bedrooms: 3

Total Rooms: 8
Basement Features: Exterior Entry, Interior Entry, Partially Finished
Basement Sqft: 903

Total Bathrooms: 2
Full Bathrooms: 2

Primary Downstairs
Eat-in Kitchen
Kitchen/Dining Combo
Pantry
Flooring: Ceramic Tile, Hardwood, Vinyl
Window Features: Insulated Windows

Dishwasher
Dryer
Microwave
Range
Refrigerator
Washer
Laundry Facilities: Electric Dryer Hookup, Washer Hookup
Laundry Features: Electric Dryer Hookup, Washer Hookup

Cooling Features: Ceiling Fan(s), Heat Pump
Fireplace Features: Basement, Flue, Living Room
Heating Features: Heat Pump, Wood
Heating: Yes

Garden
Pasture
Fencing: Privacy
Other Structures: Barn(s), Gazebo
Patio And Porch Features: Covered, Deck, Front Porch, Wrap Around

Carport Spaces: 2
Garage Spaces: 1
Parking Features: Asphalt, Carport, Garage Door Opener, Parking Spaces
Garage Sqft: 240

Lot Size Acres: 11.16
Lot Size Dimensions: See acres
Topography: Farm Pond, Part Wooded, Pasture, Sloped
Lot Size Square Feet: 486130

View: Mountain(s), Creek/Stream

Landscaping

Elementary School: Mountain City
High School: Johnson Co
Middle School: Johnson Co

Johnson Co High School is a public high school located approximately 2 miles away.
directions icon Map directions

Johnson Co Middle School is a public middle school located approximately 2 miles away.
directions icon Map directions

Mountain City Elementary School is a public elementary school located approximately 1.6 miles away.
directions icon Map directions

Mountain City SDA is a private elementary and middle school located approximately 3.6 miles away.
directions icon Map directions

Association Amenities: Landscaping
Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 1151.96
Source Listing Status: Active
County: Johnson
Directions: Take Hwy 421 S. Turn right onto Hwy 167 at Food Lion crossroads. Next right onto Rainbow Road. Approximately .3 miles turn right into property. Property is signed.
Source Property Type: Residential
Area: 316 - Mtn. City/Johnson County
MLS Area Minor: 316 - Mtn. City/Johnson County
Source Neighborhood: Not Listed
Parcel Number: 055 026.00
Subdivision: Not Listed
Zoning: Residential
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$52,125
$943
2021$unknown + $unknown
$52,125
$943
2020$unknown + $unknown
$42,875
$879
2019$unknown + $unknown
$42,875
$879
2018$unknown + $unknown
$42,875
$879
2017$unknown + $unknown
$42,875
$879
2016$unknown + $unknown
$42,875
$879
2015$unknown + $unknown
$45,400
$822
2014$unknown + $unknown
$45,400
$822
2013$unknown + $unknown
$45,400
$822
2012$unknown + $unknown
$45,400
$804
2011$unknown + $unknown
$45,400
$804
2010$unknown + $unknown
$35,550
$722
2009$unknown + $unknown
$35,550
$722
2008$unknown + $unknown
$35,550
$722
2007$unknown + $unknown
$35,550
$722

Listed 2024-07-02
$670,000
TNVARegionalMLS
Sold 2013-01-17
$157,000
Public Record
Listing removed 2013-01-03
$162,500
TNVARegionalMLS
Listed 2012-06-27
$162,500
TNVARegionalMLS
Listing removed 2012-06-14
$159,900
TNVARegionalMLS
Listed 2012-02-08
$159,900
TNVARegionalMLS
Listing removed 2009-08-14
$199,900
TNVARegionalMLS
Relisted 2009-04-04
$199,900
TNVARegionalMLS
Listing removed 2009-02-22
$199,900
TNVARegionalMLS
Listed 2008-01-19
$199,900
TNVARegionalMLS
Sold 2000-06-26
$150,000
Public Record

Total Square Feet Living: 2046
Year Built: 1978
BelowGradeFinishedArea: 903
Building Area Total: 2046
Building Exterior Type: Brick
Other Buildings: Barn , Gazebo
Construction Materials: Brick
Levels: One
Property Age: 46
Property Condition: Above Average
Roof: Metal
House Style: Ranch, Traditional
Total Above Grade Sqft Area: 1143
Total Area Sqft: 2046
Total Below Grade Area: 903
Walls: Drywall, Paneling
Architectural Style: Ranch, Traditional

Sewer: Septic Tank
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.