1 month on rocket

Sale Pending

531 Terrace Lake Dr, Johnson City, TN, 37601

$350,000

Home List Price

$4,156*

Closing Credit

3 Bedrooms
3 Full Baths
2,606 SqFt
$134/SqFt
House
Schools Nearby

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

531 Terrace Lake Dr, Johnson City$350,000

Buyer Closing Credits

$4,156*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
Garage2 spaces
Year Built1998
HeatingHeat Pump
CoolingHeat Pump
BasementYes
FireplaceBasement, Living Room
MLS #9963687
Lot Size0.35 Acres
StatusSale Pending
(Active Under Contract)

About 531 Terrace Lake Dr

Situated just a short 15 minute drive from downtown Johnson City, this move-in ready home offers the perfect balance of convenience and seclusion. The Cherokee National Forest is just around the corner! Step inside and discover the inviting living room and dining area with gorgeous hardwood flooring throughout. Vaulted ceilings and large windows flood the space with natural light, creating a cozy atmosphere for everyday living and entertaining. The kitchen has been updated with quartz countertops and newer stainless steel appliances. Outside, the wooded surroundings provide a sense of privacy and serenity, offering the perfect backdrop for unwinding on the patio with a cup of coffee. Upstairs you will find the primary bedroom with a completely remodeled en suite bathroom and a private balcony. Downstairs you will find the fully finished basement. Whether you're seeking a cozy retreat, a home office, or an entertainment haven, this versatile lower level offers endless possibilities to accommodate your lifestyle. Call your favorite Realtor® today to schedule your private showing! *All information is deemed reliable but not guaranteed* Sliding doors and front windows were recently replaced. Roof is 5 years old. Heat pump is approximately 5 years old.

Property Details

Property Features

Property Information:

  • Architectural Style: A Frame, Contemporary
  • Year Built: 1998
  • Living Area: 2,606 SqFt

Listing Office:

  • Office Name: Holston Realty, Inc.
  • Office Phone: (423) 793-8109
  • Listing Agent: Erin Elise

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Electric Range, Microwave, Refrigerator
  • Basement: Yes
  • Flooring Type: Carpet, Ceramic Tile, Hardwood, Laminate, Luxury Vinyl
  • Fireplace: Basement, Living Room

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Porch/Covered, Deck

Parking Information:

  • Garage Space: 2 spaces

Lot Features

Lot Information:

  • Lot Size: 0.35 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Heat Pump

School Info

Assigned Schools Information:

  • Unicoi County High School, Public District Grades 9-12
  • Unicoi County Middle School, Public District Grades 6-8
  • Unicoi Elementary School, Public District Grades PK-3

Other

Directions Information:

  • Directions: I 26 E to Exit 27 toward TN-359N/Okolona Rd. Turn left onto Erwin Hwy. Turn right on to S Roan St. Turn left on to Anderson Rd. Turn left on to Whispering Pine Rd. Turn right on to Terrace Lake Dr. House is on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $350,000
  • Price Per SqFt: $134/SqFt

Tax Information:

  • Annual Amount: $866
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Johnson City, TN.

Map thumbnail provided by MapBox

Johnson City, TN

City

Med. Sold Price

$289K

Med. Price/SqFt

$169

Avg. Days On Market

65

# of Sold Homes

86

531 Terrace Lake Dr vs Johnson City

33 DAYS ON ROCKET

-32 Days

$350,000

+$60.9K More

$134/SqFt

-$35 Less

KEY TAKEAWAY

This property is $60.9K more than the Median Sold Price and $35/SqFt less than other homes in Johnson City, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Tennessee/Virginia Regional MLS
  • MLS Number: #9963687

Listing Office:

  • Office Name: Holston Realty, Inc.
  • Office Phone: (423) 793-8109
  • Listing Agent: Erin Elise

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Tennessee Virginia Regional MLS. 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. Real estate listings held by brokerage firms other than this brokerl, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Homefront.com shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright© 2024 Tennessee Virginia Regional MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 10:20:23 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$866$32,275
2019$866$32,275
2018$866$32,275
2017$905$32,275

History based on county public records data.

Payment Calculator

$1,814

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,116

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

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-3056408
5
/10

  • Unicoi Elementary School

  • 404 Massachusetts Ave

  • 5.16 miles

  • Public District Grades PK-3

Middle School

school-card-donut-3056409
7
/10

  • Unicoi County Middle School

  • 600 S Mohawk Dr

  • 10.25 miles

  • Public District Grades 6-8

High School

school-card-donut-3056410
6
/10

  • Unicoi County High School

  • 700 S Mohawk Dr

  • 10.45 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $56,356. Typical income of Johnson City, TN residents is between $35k-100k annually. Most families are married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 531 Terrace Lake Dr

What is the listing price of this property?

The listing price of 531 Terrace Lake Dr property is $350,000.

What type of property is this?

The property 531 Terrace Lake Dr is a house located in Johnson City, Tennessee, 37601.

Is this property for sale now?

Sale Pending: 531 Terrace Lake Dr is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 531 Terrace Lake Dr are:
Unicoi Elementary School: GreatSchools Rating 5/10
Unicoi County Middle School: GreatSchools Rating 7/10
Unicoi County High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $866 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 531 Terrace Lake Dr has 3 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 531 Terrace Lake Dr is 2,606 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 531 Terrace Lake Dr is 1998.

Rocket Homes›Tennessee›Unicoi County›Johnson City›37601›531 Terrace Lake Dr

This home is located at 531 Terrace Lake Dr in Johnson City, TN and zip code 37601. This 2,606 square foot home, which was built in 1998, sits on a 0.35 acre lot. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 27, 2024 and is currently priced at $350,000.

While more than 26 listings in Johnson City, TN in March 2024 were sold above asking price, there were more than 10 listings sold at asking price, and more than 50 were sold below. The number of listings in Johnson City, TN decreased by 2.2% between February 2024 and March 2024. The median list price of listings available in March 2024 was $289,038, while the average time on the real estate market was 65 days.

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

More Resources