Check Availability
Campbell 37766
165 Bankwood Lane
$899,900
↓ $25K (2.7%)
House - For Sale

165 Bankwood Lane

LaFollette, TN 37766
bedrooms
Studio
bathrooms
5 Baths
square feet
3200 Sqft
$6,431
Estimated Monthly
-0.82%
Cap Rate

About This Property

This dockable lakefront home was completely renovated 2022 -2023, and expanded into a 3200 sq ft ranch on Norris Lake in Big Creek cove.  Septic permit is for 2 bedrooms, but leach lines were extended during the renovation, and the home has accommodated many large groups in space equivalent to 5 bedrooms all season since rentals began in 2023.

Main level cathedral ceilings in the spacious, open concept living room gathering space offers a vent-free gas log, floor-to-ceiling stone fireplace. Loads of great room natural light, and opens to a first floor master suite sharing a full bath with 2nd bedroom.   There is a big bunkroom in the converted garage.  On the same level, come love the entertaining space in this open chef's kitchen, with loads of cabinets, a huge island, with built-in cooktop, and a countertop serving bar with pull up seating. There's still more - a 2nd full bath, plus formal dining area, laundry room and 360 sq ft storage room in the remainder of the side entry garage.  

Downstairs, another family room opens to a dining / kitchenette area and second decorative stone fireplace - which also offers 3 more large bonus rooms, each with its own adjoining full bath.   All new drywall, flooring, fixtures, complete bathrooms, bunkroom, interior doors, recessed lighting, ceiling fans and so much more.  Feels nearly like a new build!

Views to the woods and lake are coupled with streaming natural light across the full width decks on both levels - and the upper deck is partially covered by a cathedral ceiling roof as well.  See the updated floorplan with dimensions provided, can sleep up to 22 with the new layout.  Stone-dressed foundation and retaining wall.

Wooded 1.66 acre private lot, with a graveled no-steps walkable path to the waterfront's brand new dock, where a single slip opens toward main channel.  Out by the covered front porch there's a huge graveled pull-through driveway nearly the full width of lot, 12 x14 shed, large permanent propane tank and loads of paved parking near the garage as well.  

Couple Notes

1.  Furnishing and decor negotiable separately - price is for the home itself, the dock, grill, electronics and appliances.
2.  Just opening the 2024 rental calendar - See vrbo.com/3001464
3. Metal roof is original, still lots of life in it!

The manager has listed the unit size as 3200 square feet.
Unit Size
3,200Ft²
Days on Market
299 days
Land Size
1.66 acres
Price per sqft
$281
Property Type
House
Property Taxes
$2,012
HOA Dues
-
Year Built
1994

Listed By

Tom Sturm
Tennessee Home Finders, LLC
Last updated: 2 months ago (KAARMLSTN #1238343)

Price History

Date / Event Date Event Price
May 22, 2024 Price Decreased $899,900
↓ $25K (2.7%)
Price Decreased
Apr 26, 2024 Price Decreased $924,900
↓ $25K (2.6%)
Price Decreased
Jan 10, 2024 Price Decreased $949,900
↓ $25K (2.6%)
Price Decreased
Dec 23, 2023 Relisted $974,900
Relisted
Dec 15, 2023 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning
Interior Details

Interior Information

Deck
Exterior Details

Exterior Information

Block
Vinyl Siding

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 2000
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: C
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Full basement
  • Basement Area: 1,500
  • Garage Square Area: 600
  • Parking Space Count: 2
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 22,168
  • Lot Size Depth Feet: 3,260
  • Lot Size Frontage Feet: 680
  • Total Building Area: 3,000
  • Building Area: 3,000
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Packed air conditioning unit
  • Heating: Yes
  • Heated Square Feet: 3,000
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BIG CREEK I
  • Land Acres: 0.509
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DISTRICT: 2 ; SUBDIVISION: BIG CREEK 1 LOT 54 ; LOT: 53&54 ; PLAT BOOK: 1 ; PLAT PAGE: 559

Ownership

  • Current Owner : SUITS US TOO LLC
  • Previous Owner : MARLOW TERRY G
  • Owner Before Previous Owner: GADOURY HENRY A
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Campbell County School District
  • Census Tract: 951100

Geography

  • Assessors Map Reference: 129A
  • District: 02
  • Parcel: 007129A A 01800
  • Lot: 53,54
  • Latitude: 36.2883
  • Longitude: -84.0991

    Address

  • Full Address: 165 Bankwood Ln
  • Address - House Number: 165
  • Address - Street Name: Bankwood
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: La Follette
  • Carrier Code: R002
  • 4-Digit Zip Code: 5756
  • Zip Code: 37766

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,972
  • Tax Rate Code Area: 07A00

    Appraisal Valuation

  • Standard Deviation: 0.125
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 86
  • Final Value: 989,126
  • High Value: 1,112,769
  • Low Value: 865,484

    Market Valuation

  • Market Total Value: $389,600
  • Market Land Value: $150,000
  • Market Improvement Value: $239,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $97,400
  • Assessed Land Value: $37,500
  • Assessed Improvements Value: $59,900

    Sales

  • Current Sale Contract Date: Apr 06, 2022
  • Current Sale Recording Date: Apr 08, 2022
  • Current Sale Transaction ID: 11884319328
  • Current Sale Price: $730,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2242
  • Previous Sale Recording Date: Oct 12, 2015
  • Previous Sale Document Type: Quit Claim Deed

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Campbell


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Nearby Rentals

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$1,050 /mo

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  • 1 Bath
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113 Fire Department Lane Apt. 1 #113 Fire Department Lane Apt. 1, Jacksboro, TN, 37757 Listing by Manager


Frequently Asked Questions

When was property at 165 Bankwood Lane built and last sold?
The property at 165 Bankwood Lane was built in 1994 and last sold on Apr 6, 2022 for $730,000.
How much is this home worth?
The estimated value of the home located at 165 Bankwood Lane is $972,043.
What are some comparable homes to 165 Bankwood Lane?
There are currently no comparable homes to 165 Bankwood Lane.

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