348 Rainbow Cir, Townsend, TN 37882
Property image
Property image
OFF MARKET

$393,700

Trulia Estimate
  • 1 Bed
  • 2.5 Baths
  • 1,388 sqft (on 0.39 acres)

348 Rainbow Cir, Townsend, TN 37882

Est. Refi. Payment $2,309/mo*
Refinance Your Home
Currently Off Market - Sold Nov 30, 2023 for $380,000

Home Value

Trulia Estimate
$394K
Since last month
Decreased$11K (-2.6%)
Since last year
Decreased$3K (-0.7%)
Since last sale
Increased$14K (+3.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +124% in the last 10 years
MonthEstimated value
2026
September 2026$394K
August 2026$404K
July 2026$407K
June 2026$406K
May 2026$404K
April 2026$405K
March 2026$410K
February 2026$397K
January 2026$399K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
319 Rainbow Cir, Townsend, TN
0.05
Single-Family Home
$400,000
05/29/26
1
2
1,452
386 Laurel Rd, Townsend, TN
0.19
Single-Family Home
$549,000
05/01/26
1
2
1,316
391 Laurel Rd, Townsend, TN
0.15
Single-Family Home
$445,000
12/23/25
2
2
1,361
418 Laurel Trace Rd, Townsend, TN
0.18
Single-Family Home
$359,900
09/30/25
2
2
1,136
409 Laurel Trce, Townsend, TN
0.08
Single-Family Home
$320,000
07/17/26
2
2
1,012
433 Laurel Rd, Townsend, TN
0.06
Single-Family Home
$755,000
02/23/26
2
2.5
2,042
RAINBOW CIR, TOWNSEND , TN
0.08
Single-Family Home
$755,000
08/17/26
3
3
3,200
106 Fairway Cir, Townsend, TN
0.20
Single-Family Home
$755,000
06/01/26
3
2.5
2,518
211 Pioneer Trce, Townsend, TN
0.56
Single-Family Home
$497,500
11/21/25
3
2.5
1,615

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
341 Rainbow Cir, Townsend, TN 37882
0.03
$526,700
3
2.5
1,904
Off Market
Rainbow Cir, Townsend, TN 37882
0.06
-
-
-
-
Off Market
319 Rainbow Cir, Townsend, TN 37882
0.05
$400,000
1
2
1,452
Recently Sold
Rainbow Cir #15&5, Townsend, TN 37882
0.06
-
-
-
-
Off Market
334332 Rainbow Cir, Townsend, TN 37882
0.08
-
1
2
1,360
Off Market
RAINBOW CIR, TOWNSEND , TN 37882
0.08
$755,000
3
3
3,200
Recently Sold
433 Laurel Rd, Townsend, TN 37882
0.06
$755,000
2
2.5
2,042
Recently Sold
409 Laurel Trce, Townsend, TN 37882
0.08
$320,000
2
2
1,012
Recently Sold
424 Laurel Rd, Townsend, TN 37882
0.07
$79,900
-
-
-
For Sale
Laurel Trace Rd, Townsend, TN 37882
0.07
-
-
-
-
Off Market
405 Laurel Trace Rd, Townsend, TN 37882
0.08
$499,900
1
2
1,316
For Sale

Local Information

  • Map ViewExplore the area around 348 Rainbow Cir.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1998
0.39 acre lot
1,388 sqft
$284/sqft
Open Parking
HOA $63/mo

About this House

Lovely, private cul-de-sac mountain cabin with a view of Rich Mountain located in the ''Quiet Side of the Smokies'' in Townsend, TN. Turn-key ready for either residential or short-term overnight rental. As a prior overnight rental, it slept 6 to 8 comfortably. Located in the gated mountain community of Laurel Valley. Master on Main with full bath; Bonus/Sleeping area with full bath in the loft area. Public water-no well! Walk out finished basement area for Games and sleeping. HVAC 1 yr old. All appliances are 5 yrs old. All decks were stained 2 yrs ago. Paved parking space for 4 vehicles. Wood-burning/ Gas fireplace! Furnishings and ping-pong table can stay with acceptable offer. Wired for hot tub on the screened-in porch. Golf, Pool, and Rec Area privileges are not covered by HOA dues; a separate membership fee applies. Go to laurelvalley.org for restrictions online and further information. Buyer and Buyer's agent to verify all information and restrictions. Buyer's remorse; flew through inspections!
348 Rainbow Cir, Townsend, TN 37882 is a 1 bedroom, 3 bathroom, 1,388 sqft single-family home built in 1998. It last sold for $380,000 on Nov 30, 2023 (11% below the $425,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $393,700, with a rent estimate of $1,308/month.
Last check for updates: about 1 hour ago
Listed by John Thompson
Why The Smokies, LLC
Bought with: Non Member, NON MEMBER FIRM
Source: RealTracs MLS as distributed by MLS GRID, MLS#3551038

Home Details for 348 Rainbow Cir

Active Status

MLS Status: Closed

Interior Features

Interior Details
Basement: Partially Finished,Other
Beds & Baths
Number of Bedrooms: 1Number of Bathrooms: 3Number of Bathrooms (full): 2Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 1388 Square Feet
Appliances & Utilities
Utilities: Water Available, Cable ConnectedAppliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, WasherDishwasherDryerMicrowaveRefrigeratorWasher
Heating & Cooling
Heating: Heat PumpHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Heat Pump
Fireplace & Spa
Fireplace: Wood Burning
Levels, Entrance, & Accessibility
Levels: Three Or More
View
Has a ViewView: Mountain(s)
Security
Security: Security Gate, Smoke Detector(s)

Exterior Features

Exterior Home Features
Roof: MetalPatio / Porch: Deck, Screened, CoveredNo Private Pool
Parking & Garage
No Attached GarageHas Open ParkingParking: Driveway,Paved
Frontage
Not on Waterfront
Water & Sewer
Sewer: Septic Tank
Surface & Elevation
Topography: Wooded

Property Information

Year Built
Year Built: 1998
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence, ResidentialArchitecture: Cabin
Building
Construction Materials: Frame, Wood SidingNot a New ConstructionNot Attached Property
Property Information
Parcel Number: 106C H 03300 000

Price & Status

Price
List Price: $425,000
Status Change & Dates
Off Market Date: Thu Nov 30 2023Possession Timing: Close Of Escrow

Media

Location

Direction & Address
City: TownsendCommunity: Cold Springs

Building

Building Area
Building Area: 1388 Square Feet

Community

Not Senior Community

HOA

Has an HOAHOA Fee: $750/Annually

Lot Information

Lot Area: 0.39 acres

Listing Info

Special Conditions: Standard

Miscellaneous

BasementMls Number: 3551038Attribution Contact: 8657248804

Price and Tax history

DateEventPrice
Nov 30, 2023
Source: RealTracs MLS as distributed by MLS GRID #3551038
Sold
$380,000
Nov 4, 2023
Source: East Tennessee Realtors #1223277
Pending
$425,000
Oct 31, 2023
Source: East Tennessee Realtors #1223277
Listed For Sale
$425,000
Sep 22, 2023
Source: GSMAR, GSMMLS #257257
ListingRemoved
Sep 11, 2023
Source: East Tennessee Realtors #1223277
PriceChange
$389,000
Price decreased by 3%

Market trends in Townsend

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
100
2MoM

Around this home

What Locals Say about Townsend

At least 8 Trulia users voted on each feature.

  • 89 % Say parking is easy

  • 81 % Say there's holiday spirit

  • 80 % Say it's dog friendly

  • 79 % Say car is needed

  • 78 % Say there's wildlife

  • 75 % Say yards are well-kept

  • 75 % Say it's quiet

  • 71 % Say people would walk alone at night

  • 66 % Say neighbors are friendly

  • 64 % Say they plan to stay for at least 5 years

  • 53 % Say kids play outside

  • 50 % Say it's walkable to restaurants

  • 47 % Say it's walkable to grocery stores

  • 41 % Say there are community events

  • 33 % Say streets are well-lit

  • 17 % Say there are sidewalks

Sourced by Trulia users. Learn more about our methodology.
  • Gerry Cook
    "Having the Great Smoky Mountains National Park at our back door is all the recreation we need. No need for city pars. All medical facilities are a 30 min drive to Maryville."
    0
    Flag
  • GinaSpybuck
    "People and neighbors who help and assist if needbe. Awesome views, visitors including bears, deer, squirrels, wild turkeys, and other wildlife. Golf course, swimming pool, and fitness center access."
    8
    Flag
  • Brandon C.
    "Its a quiet and beautiful side of the smokies.. So close to the park and rivers and historic places like cades cove. "
    1
    Flag
  • Terry T.
    "this has been a vacation spot for us and our children for many years, we have always loved it, became a home away from home for us."
    1
    Flag

LGBTQ Local Legal Protections

Based on information submitted to the MLS GRID as of 2026-09-22 13:33:26 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information

Frequently asked questions about 348 Rainbow Cir

  • What is 348 Rainbow Cir estimated to be worth?
    Trulia's estimated value for 348 Rainbow Cir in Townsend, TN is $393,700.
  • What is the price history for 348 Rainbow Cir?
    348 Rainbow Cir in Townsend, TN last sold for $380,000 in November 2023.
  • Is Townsend a buyer's or seller's market?
    Townsend is currently a buyer's market, based on recent for-sale activity.
  • What do residents say about Townsend?
    Residents describe Townsend, TN as easy to park in, dog-friendly, and well-kept. Most residents say you need a car. See recently sold homes in Townsend, TN.
  • Does 348 Rainbow Cir have air conditioning?
    Yes, 348 Rainbow Cir in Townsend, TN has air conditioning.
  • Does 348 Rainbow Cir have laundry facilities?
    Yes, 348 Rainbow Cir in Townsend, TN has in-unit laundry.

Explore by feature - Air Conditioning

10 rentals with air conditioning in Townsend, TN

Explore by feature - Washer/dryer

Apartments for Rent

Skip to last item
Skip to first item

Off Market Homes Near 348 Rainbow Cir

Skip to last item
Skip to first item

Homes for sale near 348 Rainbow Cir

Skip to last item
Skip to first item
Skip to last item
  • Results are loading
Skip to first item