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

348 Rainbow Cir
Townsend, TN 37882

  • 1 Bed
  • 2 Baths
  • 1,388 sqft (on 0.39 acres)

$409,700

Trulia Estimate
as of Jul 28, 2026
Est. Refi. Payment $2,320/mo*
Refinance Your Home

$409,700

Trulia Estimate
as of Jul 28, 2026
Est. Refi. Payment $2,320/mo*
Refinance Your Home
1 Bed
2 Baths
1,388 sqft
(on 0.39 acres)

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

Property Type
Single-Family Home
Year Built
1998
Lot Size
0.39 acres
Living Area
1,388 sqft
Price/Sqft
$295
HOA
$63/Monthly

About this House

Lovely, private cul-de-sac cabin with 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 persons comfortably. Located in the gated mountain community of Laurel Valley. Master on Main with full bath. Public water-no well! Bonus/Loft space for 2nd sleeping area with full bath. Walk out finished basement for Game/ Sleeping area. HVAC 1 yr old. All appliances 5 yrs old. All decks 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 screened porch.
Golf, Pool and Rec Area privileges not covered by HOA dues; separate membership fee applies.
Go to laurelvalley.org for restrictions online and further information. Buyer and Buyers agent to verify all information and restrictions.
348 Rainbow Cir, Townsend, TN 37882 is a 1 bedroom, 2 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). It is currently off market. The Trulia Estimate is $409,700, with a rent estimate of $1,319/month.

Home Details for 348 Rainbow Cir

Interior Features

Interior Details
Basement: Walk-Out Access,FinishedNumber of Rooms: 6
Beds & Baths
Number of Bedrooms: 1Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 1388 Square Feet
Appliances & Utilities
Appliances: Dishwasher, Dryer, Humidifier, Range, Refrigerator, WasherDishwasherDryerRefrigeratorWasher
Heating & Cooling
Heating: Heat Pump,ElectricHas CoolingAir Conditioning: Central Air,Ceiling Fan(s)Has HeatingHeating Fuel: Heat Pump
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Wood Burning, Gas LogHas a Fireplace
Windows, Doors, Floors & Walls
Flooring: Laminate, Carpet, Vinyl
Levels, Entrance, & Accessibility
Floors: Laminate, Carpet, Vinyl
View
Has a ViewView: Mountain(s), Country Setting, Trees/Woods
Security
Security: Gated Community, Smoke Detector(s)

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
No CarportNo GarageNo Attached GarageParking: Designated Parking
Water & Sewer
Sewer: Septic Tank

Property Information

Year Built
Year Built: 1998
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Cabin
Building
Construction Materials: Cedar, Block, FrameNot Attached Property
Property Information
Parcel Number: 106C H 033.00

Price & Status

Price
List Price: $425,000
Status Change & Dates
Off Market Date: Fri Nov 03 2023

Active Status

MLS Status: Closed

Location

Direction & Address
City: TownsendCommunity: Cold Springs / Laurel Valley

Building

Building Area
Building Area: 1388 Square Feet

HOA

HOA Fee Includes: Trash, SecurityHas an HOAHOA Fee: $750/Annually

Lot Information

Lot Area: 0.39 acres

Miscellaneous

BasementMls Number: 1223277

Additional Information

HOA Amenities: Golf Course,Security
Last check for updates: about 8 hours ago
Listed by John Thompson
Why The Smokies, LLC
Bought with: Alillie Brady, eXp Realty, LLC
Source: East Tennessee Realtors, MLS#1223277

Price History for 348 Rainbow Cir

DatePriceEventSource
11/30/2023$380,000Sold
East Tennessee Realtors #1223277
11/04/2023$425,000PendingEast Tennessee Realtors #1223277
10/31/2023$425,000Listed For SaleEast Tennessee Realtors #1223277
09/22/2023ListingRemovedGSMAR, GSMMLS #257257
09/11/2023$389,000PriceChange
East Tennessee Realtors #1223277
09/08/2023$399,000PendingToActiveEast Tennessee Realtors #1223277
08/18/2023$399,000PendingEast Tennessee Realtors #1223277
08/09/2023$399,000PriceChange
East Tennessee Realtors #1223277
07/01/2023$430,000PendingToActiveEast Tennessee Realtors #1223277
06/25/2023$430,000PendingEast Tennessee Realtors #1223277
06/10/2023$430,000PriceChange
East Tennessee Realtors #1223277
05/16/2023$469,000PriceChange
East Tennessee Realtors #1223277
04/10/2023$495,000Listed For SaleEast Tennessee Realtors #1223277
12/15/2017$179,000Sold
East Tennessee Realtors #1002852
11/02/2017$183,900PendingAgent Provided
05/16/2017$183,900Listed For SaleAgent Provided
08/29/2003$170,000Sold
N/A
05/05/1995$18,900Sold
N/A

Market trends in Townsend

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
97
14MoM
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Property Tax and Assessment

Year2025
Tax$1,730
Assessment$272,000
Home facts updated by county records

Comparable Sales for 348 Rainbow Cir

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
319 Rainbow Cir, Townsend, TN
0.07
Single-Family Home
$400,000
05/29/26
1
2
1,452
386 Laurel Rd, Townsend, TN
0.17
Single-Family Home
$549,000
05/01/26
1
2
1,316
391 Laurel Rd, Townsend, TN
0.13
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
0.07
Single-Family Home
$320,000
07/17/26
2
2
1,012
433 Laurel Rd, Townsend, TN
0.05
Single-Family Home
$755,000
02/23/26
2
2.5
2,042
106 Fairway Cir, Townsend, TN
0.18
Single-Family Home
$755,000
06/01/26
3
2.5
2,518
211 Pioneer Trce, Townsend, TN
0.55
Single-Family Home
$497,500
11/21/25
3
2.5
1,615
151 Sequoyah Village Rd, Townsend, TN
0.62
Single-Family Home
$625,000
10/22/25
3
2
1,575

Nearby homes

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Assigned Schools

These are the assigned schools for 348 Rainbow Cir.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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

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Apartments for Rent

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Explore by feature - Air Conditioning

8 rentals with air conditioning in Townsend, TN

Homes for sale near 348 Rainbow Cir

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Off Market Homes Near 348 Rainbow Cir

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IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listing Information presented by local MLS brokerage: Zillow, Inc., local broker - Eric Young - (865) 378-5282.