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Alcoa 37701
1568 Tsuga Drive
Photo of 1568 Tsuga Drive
Sold on Apr 19, 2024

8

Map

Photo of 1568 Tsuga Drive
Photo of 1568 Tsuga Drive
$75,000
● Land - Off Market

1568 Tsuga Drive

Alcoa, TN 37701
bedrooms
Studio
bathrooms
0 Bath
$415
Est. Monthly

About This Property

ONE OF THE LAST LOTS LEFT IN CITY OF ALCOA'S ST THOMAS OR ST IVES SUBDIVISION! Build ready, convenient, flat and gently rolling. This is the one you've been waiting on. The subdivision offers sidewalks, high end and well-maintained homes, miles of Greenway Trails from the community, less than 5 minutes from the airport, the new Springbrook Farm development - shopping, dining, medical, parks, schools, main roads, and more! Additional photos and remarks coming soon! Call TODAY for additional information. Restrictions, subdivision survey, and more on file.
Unit Size
-
Days on Market
-
Land Size
0.21 acres
Price per sqft
-
Property Type
Land
Property Taxes
$46
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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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: 9 days ago (Realtracs #RTC3604404)

Price History

Date / Event Date Event Price
Apr 19, 2024 Sold
Premium
Sold
Mar 2, 2024 Listed by The Price Agency, Realty Execu $75,000
Listed by The Price Agency, Realty Execu
Mar 8, 2020 No longer available -
No longer available
Sep 18, 2019 Listed $59,900
Listed
This lot sits conveniently in the beautiful St. Thomas Subdivision and is ready to be built on. Enjoy the mountain views and low maintenance living in the highly sought after Alcoa City Schools district!

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,148
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: ST THOMAS
  • Land Acres: 0000000210
  • Standard Land Use Code: 8001
  • County Land Use Code: 00
  • Legal Description 1: ST THOMAS 1R4 2648B

Neighborhood

  • School District Name: Alcoa City School District
  • School Tax School District: 05012
  • Census Tract: 010200

Zoning

  • Zoning: C1

Geography

  • Assessors Map Reference: 036K
  • District: 09
  • Parcel: 005036J F 04100
  • Lot: 1R4
  • Municipality: ALCOA
  • Latitude: 35.7884
  • Longitude: -83.9929

    Address

  • Full Address: 1568 Tsuga Dr
  • Address - House Number: 1568
  • Address - Street Name: Tsuga
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Alcoa
  • Carrier Code: C004
  • 4-Digit Zip Code: 1769
  • Zip Code: 37701

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $32,400
  • Tax Rate Code Area: 05A01

    Market Valuation

  • Market Total Value: $67,500
  • Market Land Value: $67,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $16,875
  • Assessed Land Value: $16,875

    Sales

  • Current Sale Contract Date: Aug 17, 2022
  • Current Sale Recording Date: Aug 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 947152
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 Alcoa

Stats & Trends

Median Asking:

$330,000

Sale Price/ft²

$233

Below Asking

0.01%

Average Days on Market

83

Average Home Size

1715 ft²

Average Home Age

59.7 years

Currently For Sale

29 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

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Realtracs

Listed by: Sara Price, The Price Agency, Realty Execu
Last Updated: 9 days ago
Data Source: Realtracs, MLS# RTC3604404
All information should be verified by the recipient and none is guaranteed as accurate by Realtracs.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 1568 Tsuga Drive built and last sold?
The property at 1568 Tsuga Drive was built in and last sold on Aug 17, 2022 for $70,000.
How much is this home worth?
The estimated value of the home located at 1568 Tsuga Drive is $75,750.
What are some comparable homes to 1568 Tsuga Drive?
There are currently no comparable homes to 1568 Tsuga Drive.
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