4 months on rocket

878 Shanghai Landing Ln, Lafollette, TN, 37766

$2,795,000

4 Bedrooms
4 Full Baths, 3 Partial
5,480 SqFt
$510/SqFt
House
Schools Nearby

Location

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Property Highlights

Home TypeResidential
ParkingGarage Door Opener
Garage2 spaces
Year BuiltNew Const., 2023
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s)
BasementYes
WaterfrontWater Access, Lake Front, Lake Access
FireplaceGas Log
ViewTrees/Woods
MLS #1247390
Lot Size1.52 Acres
StatusActive

About 878 Shanghai Landing Ln

There is a stunning new home available for purchase on Norris Lake. This rare property is situated in the gated community of Shanghai Landing and boasts 234 feet of lake frontage on a deep-water cove. Although the construction is still in progress, the home will be ready just in time for the upcoming vacation and rental seasons. With 6 bedrooms, 5 full baths, and 3 half baths, there is ample space for guests. As you step inside this magnificent home, you will be greeted by high ceilings, a fireplace, and large windows overlooking the wooded property and lake. The main area comprises a great room, dining space, kitchen, and large kitchen island. You can also enjoy the serenity of the lake from the four-season room located just outside the kitchen, complete with a gas fireplace. Step outside on the full-length covered deck, the outdoor entertainment area. The upper-level features two master bedrooms, complete with full baths and walk-in closets. The fully finished basement includes an exercise room with a wet bar, a fully wired media room, an activity room for the kids, and a study for those who work from home. The downstairs also features four bedrooms and a bunk room, as well as a full-length deck to enjoy the stunning views of the lake. The property comes with an attached two-car garage, featuring metal ceilings and wall coverings, a storage area for lake toys, an ice maker, and a mechanical room for heating and air. The laundry room comes with two washers, two dryers, and a utility sink making cleaning an easy chore. The property also features a dock with two boat slips and a two-jet ski slot, with a concrete path leading down to the lake and the dock. This home has endless possibilities and is perfect for short-term rental or as a full-time residence. Some of the exciting features of this home include ten-foot ceilings, Trex decking, Anderson Windows, four sliding doors, a wet bar, an ice maker, granite counters, tile showers and tile floors in the bathrooms, mold-resistant sheetrock in the bathrooms, and plenty of storage space. The property is updated weekly, so stay tuned for more exciting features.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2023
  • Living Area: 5,480 SqFt

Listing Office:

  • Office Name: North Cumberland Realty, LLC
  • Office Phone: (423) 663-6273

Interior Features

Interior Information:

  • Appliances: Dishwasher, Refrigerator, Microwave
  • Basement: Yes
  • Flooring Type: Laminate, Tile
  • Interior: Cathedral Ceiling(s), Island in Kitchen, Pantry, Walk-In Closet(s), Wet Bar, Eat-in Kitchen
  • Fireplace: Gas Log

Bedroom and Bathroom Information:

  • Partial Bathrooms: 3
  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Water Access, Lake Front, Lake Access
  • View: Trees/Woods
  • Exterior: Porch - Covered, Deck

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Garage Door Opener

Lot Features

Lot Information:

  • Lot: Cul-De-Sac, Waterfront, Wooded
  • Lot Size: 1.52 Acres

Utilities

Utilities Information:

  • Heating: Central, 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
  • LaFollette Middle School, Public District Grades 6-8
  • Jacksboro Middle School, Public District Grades 6-8
  • LaFollette Elementary School, Public District Grades PK-5
  • Valley View Elementary School, Public District Grades PK-5
  • Jacksboro Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Hwy 63 to Hunters Branch, left on Demory Road, left on Shanghai Landing Rd. House is the right at the end of the Road.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,795,000
  • Price Per SqFt: $510/SqFt

HOA Fees:

  • Amount: $500
  • Frequency: Annually
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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

878 Shanghai Landing Ln vs La Follette

148 DAYS ON ROCKET

+84 Days

$2,795,000

+$2.5M More

$510/SqFt

+$343 More

KEY TAKEAWAY

This property is $2.5M more than the Median Sold Price and $343/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: #1247390

Listing Office:

  • Office Name: North Cumberland Realty, LLC
  • Office Phone: (423) 663-6273

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, 10:20:24 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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Payment Calculator

$14K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,446

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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-4655452
4
/10
  • LaFollette Elementary School

  • 195 Myers Ln

  • 5.48 miles

  • Public District Grades PK-5

school-card-donut-4655453
6
/10
  • Valley View Elementary School

  • 1187 Old Middlesboro Hwy

  • 6.19 miles

  • Public District Grades PK-5

school-card-donut-4655454
7
/10
  • Jacksboro Elementary School

  • 164 Jacksboro Elem School Rd

  • 7.95 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4655455
1
/10
  • LaFollette Middle School

  • 1309 E Central Ave

  • 5.59 miles

  • Public District Grades 6-8

school-card-donut-4655456
5
/10
  • Jacksboro Middle School

  • 150 Eagle Rock Rd

  • 8.59 miles

  • Public District Grades 6-8

High School

school-card-donut-4655457
4
/10
  • Campbell County Comprehensive High School

  • 150 Cougar Ln

  • 6.35 miles

  • Public District Grades 9-12

school-card-donut-4655458
5
/10
  • Jellico High School

  • 141 High School Ln

  • 17.80 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $26,518. Most La Follette, TN residents have annual incomes less than $35k. Most families are married, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 878 Shanghai Landing Ln

What is the listing price of this property?

The listing price of 878 Shanghai Landing Ln property is $2,795,000.

What type of property is this?

The property 878 Shanghai Landing Ln is a house located in Lafollette, Tennessee, 37766.

Is this property for sale now?

Active Listing: 878 Shanghai Landing 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 878 Shanghai Landing Ln are:
LaFollette Elementary School: GreatSchools Rating 4/10
Valley View Elementary School: GreatSchools Rating 6/10
Jacksboro Elementary School: GreatSchools Rating 7/10
LaFollette Middle School: GreatSchools Rating 1/10
Jacksboro Middle School: GreatSchools Rating 5/10
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 878 Shanghai Landing Ln has 4 bedrooms and 4 full and 3 half bathrooms.

What is the square footage of this property?

The property 878 Shanghai Landing Ln is 5,480 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 878 Shanghai Landing Ln is 2023.
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Rocket HomesTennesseeCampbell CountyLa Follette37766878 Shanghai Landing Ln

This home is located at 878 Shanghai Landing Ln in Lafollette, TN and zip code 37766 in the The Point at Shanghai neighborhood. This 5,480 square foot home, which was built in 2023, sits on a 1.52 acre lot. Features: 4 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since December 05, 2023 and is currently priced at $2,795,000.

In April 2024 more than 9 listings in La Follette, TN were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 9 were sold below. The number of homes for sale in La Follette, TN decreased by 1% between March 2024 and April 2024. The median list price of listings available in April 2024 was $217,416, while the average time on the real estate market was 64 days.

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

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