by Lee Lin
For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Morristown 37814
1232 Walters Drive
$270,000
● House - Off Market

1232 Walters Drive

Morristown, TN 37814
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,196 Ft²
$273,877
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

LOCATION, LOCATION, LOCATION. Over 3000 sq ft with 5BRS, 3BAS, 2 Car Gar on .56 acres in town. Close to Morristown Country Club, Shopping, Restaurants, Doctors, Hospital and Cherokee Lake. This Large Home has raised a family and now the chapter turns for the family to sell the house. They think the Dimensional Shingle Roof is less than 10 years old and the outside HVAC unit is less than 15 years old. Home features a formal Dining Room, Heated Sunroom, and Large Den with Masonry FP. Gas Heat and Electric AC. Seller is selling "as is", but welcome any potential buyer to inspect anything they would like to. Needs Updating. Call Today for a showing.
Unit Size
3,196 Ft²
Days on Market
15 days
Land Size
0.56 acres
Price per sqft
$86
Property Type
House
Property Taxes
$126
HOA Dues
-
Year Built
1973

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 10 months ago ( #265725)

Price History

Date / Event Date Event Price
Oct 19, 2023 Sold
Premium
Sold
Oct 4, 2023 Listed by Re/Max Between the Lakes Jeff City $274,900
Listed by Re/Max Between the Lakes Jeff City

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1990
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 6
  • Basement Area: 1,770
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 92
  • Porch Type: 125
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,795,360
  • Lot Size Depth Feet: 2,240
  • Lot Size Frontage Feet: 1,540
  • Total Building Area: 3,540
  • Gross Building Area: 3,780
  • Building Area: 2,756
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,756
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTRY CLUB EAST
  • Land Acres: 0000156000
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: C00
  • Legal Description 1: COUNTRY CLUB EAST PB: 2 PG: 134 LOT: 30 154X224.2 IRR

Neighborhood

  • School District Name: Hamblen County School District
  • School Tax School District: 32500
  • Census Tract: 100400

Geography

  • Assessors Map Reference: 033J
  • District: 01
  • Parcel: 033J-C-020.00
  • Lot: 30
  • Municipality: MORRISTOWN
  • Latitude: 36.2174
  • Longitude: -83.3205

    Address

  • Full Address: 1232 Walters Dr
  • Address - House Number: 1232
  • Address - Street Name: Walters
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Morristown
  • Carrier Code: C010
  • 4-Digit Zip Code: 6138
  • Zip Code: 37814

Valuation

    Tax

  • Total Area: 1,770
  • Tax Year: 2023
  • Tax Amount: $73,400
  • Tax Rate Code Area: 32B01

    Appraisal Valuation

  • Standard Deviation: 0.4651
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 6
  • Final Value: 263,793
  • High Value: 386,491
  • Low Value: 141,094

    Market Valuation

  • Market Total Value: $191,200
  • Market Land Value: $36,300
  • Market Improvement Value: $154,900

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $47,800
  • Assessed Land Value: $9,075
  • Assessed Improvements Value: $38,725

    Sales

  • Current Sale Contract Date: Oct 19, 2023
  • Current Sale Recording Date: Oct 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 30969
  • Previous Sale Recording Date: Nov 08, 1995
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Morristown

Stats & Trends

Median Asking:

$274,900

Sale Price/ft²

$182

Below Asking

0.02%

Average Days on Market

108

Average Home Size

1498 ft²

Average Home Age

43.2 years

Currently For Sale

36 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.

Frequently Asked Questions

When was property at 1232 Walters Drive built and last sold?
The property at 1232 Walters Drive was built in 1973 and last sold on Oct 19, 2023 for $270,000.
How much is this home worth?
The estimated value of the home located at 1232 Walters Drive is $0.
What are some comparable homes to 1232 Walters Drive?
There are currently no comparable homes to 1232 Walters Drive.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Hamblen Homes for Sale
Hamblen Houses for Sale
Hamblen Condos for Sale
Hamblen Multifamily for Sale
Hamblen Land for Sale
Hamblen Commercial for Sale
Hamblen Homes with Basements
Hamblen Homes with Pools
Nearby Cities
Morristown Homes for Sale
Greeneville Homes for Sale
Sevierville Homes for Sale
Seymour Homes for Sale
Jefferson City Homes for Sale
Dandridge Homes for Sale
Newport Homes for Sale
Church Hill Homes for Sale
Nearby Property Records
Hamblen County, TN Property Records
Jefferson County, TN Property Records
Grainger County, TN Property Records
Cocke County, TN Property Records
Hancock County, TN Property Records
Hawkins County, TN Property Records
Greene County, TN Property Records
Claiborne County, TN Property Records
Nearby Counties
Greene Homes for Sale
Jefferson Homes for Sale
Hawkins Homes for Sale
Cocke Homes for Sale
Grainger Homes for Sale
Claiborne Homes for Sale
Madison Homes for Sale
Union Homes for Sale
Top Real Estate Agents
Top Agents in Hamblen
Top Agents in Greene
Top Agents in 37876
Top Agents in Jefferson
Top Agents in Hawkins
Top Agents in Cocke
Top Agents in 37725
Top Agents in 37814