8 months on rocket

165 Bankwood Ln, Lafollette, TN, 37766

$924,900

Home List Price

$10,000*

Closing Credit

2 Bedrooms
5 Full Baths
3,200 SqFt
$289/SqFt
House
Schools Nearby

Location

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165 Bankwood Ln, La Follette$924,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingOn-Street Parking, Garage Door Opener, Side/Rear Entry, Main Level, Off-Street Parking
Garage2 spaces
Year Built1994
HeatingCentral, Forced Air, Heat Pump, Electric
CoolingCentral Air, Ceiling Fan(s)
BasementYes
WaterfrontWater Access, Lake Front
FireplaceStone, Ventless, Gas Log
ViewMountain(s), Trees/Woods, Lake
MLS #1238343
Lot Size1.66 Acres
StatusActive

About 165 Bankwood Ln

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!

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1994
  • Living Area: 3,200 SqFt

Listing Office:

  • Office Name: Tennessee Home Finders, LLC
  • Office Phone: (423) 494-0084

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Self Cleaning Oven, Refrigerator, Microwave, Washer
  • Basement: Yes
  • Flooring Type: Laminate
  • Interior: Cathedral Ceiling(s), Island in Kitchen, Pantry, Walk-In Closet(s), Breakfast Bar, Eat-in Kitchen
  • Fireplace: Stone, Ventless, Gas Log

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Waterfront: Water Access, Lake Front
  • View: Mountain(s), Trees/Woods, Lake
  • Exterior: Windows - Wood, Windows - Vinyl, Windows - Insulated, Porch - Covered, Deck, Dock

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: On-Street Parking, Garage Door Opener, Side/Rear Entry, Main Level, Off-Street Parking

Lot Features

Lot Information:

  • Lot: Private, Waterfront, Wooded, Irregular Lot, Rolling/Hilly
  • Lot Size: 1.66 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air, Heat Pump, Electric
  • Cooling: Central Air, Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Campbell County Comprehensive High School, Public District Grades 9-12
  • Jellico High School, Public District Grades 9-12
  • Jacksboro Middle School, Public District Grades 6-8
  • LaFollette Middle School, Public District Grades 6-8
  • Jacksboro Elementary School, Public District Grades PK-5
  • Caryville Elementary School, Public District Grades PK-5
  • LaFollette Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Directions: From Jackboro Pike, turn onto Hunters Branch, then turn right onto Demory. Continue on Demory until you reach the fork with Grantsboro. Bear right onto Grantsboro then turn right onto Chestnut Stump. Stay on Chestnut Stump until you reach Bankston, then turn left. Bear right at the fork onto Bankhill. Follow to the end, then turn right onto Bankwood. Signage marked with rental property name ''Suits Us Too''

Price Information

Listing Price Info

Price Summary:

  • List Price: $924,900
  • Price Per SqFt: $289/SqFt
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Housing Market Comparison

See how this home compares to others in La Follette, TN.

Med. Sold Price

$217.4K

Med. Price/SqFt

$166

Avg. Days On Market

64

# of Sold Homes

23

165 Bankwood Ln vs La Follette

244 DAYS ON ROCKET

+180 Days

$924,900

+$707.4K More

$289/SqFt

+$122 More

KEY TAKEAWAY

This property is $707.4K more than the Median Sold Price and $122/SqFt more than other homes in La Follette, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1238343

Listing Office:

  • Office Name: Tennessee Home Finders, LLC
  • Office Phone: (423) 494-0084

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.

The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

Copyright © 2024 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2024, 11:20:25 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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Rate/APR

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-4699095
7
/10
  • Jacksboro Elementary School

  • 164 Jacksboro Elem School Rd

  • 5.20 miles

  • Public District Grades PK-5

school-card-donut-4699096
4
/10
  • Caryville Elementary School

  • 120 Cardinal Ln

  • 6.56 miles

  • Public District Grades PK-5

school-card-donut-4699097
4
/10
  • LaFollette Elementary School

  • 195 Myers Ln

  • 7.27 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4699098
5
/10
  • Jacksboro Middle School

  • 150 Eagle Rock Rd

  • 5.94 miles

  • Public District Grades 6-8

school-card-donut-4699099
1
/10
  • LaFollette Middle School

  • 1309 E Central Ave

  • 7.04 miles

  • Public District Grades 6-8

High School

school-card-donut-4699100
4
/10
  • Campbell County Comprehensive High School

  • 150 Cougar Ln

  • 5.11 miles

  • Public District Grades 9-12

school-card-donut-4699101
5
/10
  • Jellico High School

  • 141 High School Ln

  • 20.12 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,696. The majority of La Follette, TN residents have income between $35k-100k annually. The majority of families are married, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 165 Bankwood Ln

What is the listing price of this property?

The listing price of 165 Bankwood Ln property is $924,900.

What type of property is this?

The property 165 Bankwood Ln is a house located in Lafollette, Tennessee, 37766.

Is this property for sale now?

Active Listing: 165 Bankwood Ln is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 165 Bankwood Ln are:
Jacksboro Elementary School: GreatSchools Rating 7/10
Caryville Elementary School: GreatSchools Rating 4/10
LaFollette Elementary School: GreatSchools Rating 4/10
Jacksboro Middle School: GreatSchools Rating 5/10
LaFollette Middle School: GreatSchools Rating 1/10
Campbell County Comprehensive High School: GreatSchools Rating 4/10
Jellico High School: GreatSchools Rating 5/10

How many bedrooms and bathrooms does this property have?

The property at 165 Bankwood Ln has 2 bedrooms and 5 bathrooms.

What is the square footage of this property?

The property 165 Bankwood Ln is 3,200 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 165 Bankwood Ln is 1994.

Rocket HomesTennesseeCampbell CountyLa Follette37766165 Bankwood Ln

This home is located at 165 Bankwood Ln in Lafollette, TN and zip code 37766 in the Big Creek neighborhood. This 3,200 square foot home, which was built in 1994, sits on a 1.66 acre lot. Features: 2 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since August 31, 2023 and is currently priced at $924,900.

While more than 9 listings in La Follette, TN in April 2024 were sold above asking price, there were more than 5 listings sold at asking price, and more than 9 were sold below. The number of listings in La Follette, TN decreased by 1% between March 2024 and April 2024. While the average time on the market in April 2024 was 64 days, the median list price was $217,416.

From Rocket Homes Real Estate and based on county public records data.

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