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Hamblen 37814
1585 Laura Drive
Photo of 1585 Laura Drive
Sold on Jan 29, 2015

1

Map

$85,951
● House - Off Market

1585 Laura Drive

Morristown, TN 37814
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,421 Ft²
$177,121
RealtyHop Estimate
86.44%
Since Feb 1, 2015
National-US
Primary Model

About This Property

Make certain that your company/broker has a NAID#, which is required to bid on HUD properties. Case #481-284923. Online bidding @ www.hudpemco.com All info to be verified by buyer. **Plumbing failed to hold pressure at time of initial inspection, please see HUD PCR report for details.**
Unit Size
1,421 Ft²
Days on Market
-
Land Size
-
Price per sqft
$67
Property Type
House
Property Taxes
$55
HOA Dues
-
Year Built
1992

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 4 months ago (Realtracs #RTC3254264)

Price History

Date / Event Date Event Price
Jan 29, 2015 Sold
Premium
Sold
Dec 3, 2014 Listed by WEICHERT, REALTORS - TIGER REAL ESTATE $95,000
Listed by WEICHERT, REALTORS - TIGER REAL ESTATE

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • 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: 2
  • Basement Area: 1,421
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,791,600
  • Lot Size Depth Feet: 1,530
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 2,842
  • Gross Building Area: 2,842
  • Building Area: 1,421
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,421
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EMERALD AC 3
  • Land Acres: 0000110000
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: C00
  • Legal Description 1: EMERALD AC 3 PB: C PG: 8 LOT: 89 110 X 153.16 IRR

Neighborhood

  • School District Name: Hamblen County School District
  • Census Tract: 101200

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 032N
  • District: 02
  • Parcel: 032N-A-003.00
  • Lot: 89
  • Municipality: HAMBLEN COUNTY
  • Latitude: 36.2143
  • Longitude: -83.3625

    Address

  • Full Address: 1585 Laura Dr
  • Address - House Number: 1585
  • Address - Street Name: Laura
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Morristown
  • Carrier Code: R010
  • 4-Digit Zip Code: 1647
  • Zip Code: 37814

Valuation

    Tax

  • Total Area: 1,421
  • Tax Year: 2023
  • Tax Amount: $71,600
  • Tax Rate Code Area: 32A00

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 429,401
  • High Value: 626,554
  • Low Value: 232,247

    Market Valuation

  • Market Total Value: $145,300
  • Market Land Value: $16,400
  • Market Improvement Value: $128,900

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $36,325
  • Assessed Land Value: $4,100
  • Assessed Improvements Value: $32,225

    Sales

  • Current Sale Contract Date: Mar 31, 2023
  • Current Sale Recording Date: Apr 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 25619
  • Previous Sale Recording Date: Mar 31, 2015
  • Previous Sale Contract Date: Mar 31, 2015
  • Previous Sale Amount: $133,300
  • Previous Sale Document Type: 71
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 Hamblen

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$183

Below Asking

0.02%

Average Days on Market

101

Average Home Size

1967 ft²

Average Home Age

37 years

Currently For Sale

90 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: Tony Thomas, WEICHERT, REALTORS - TIGER REAL ESTATE
Last Updated: 4 months ago
Data Source: Realtracs, MLS# RTC3254264
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 1585 Laura Drive built and last sold?
The property at 1585 Laura Drive was built in 1992 and last sold on Mar 31, 2023 for $208,751.
How much is this home worth?
The estimated value of the home located at 1585 Laura Drive is $104,288.
What are some comparable homes to 1585 Laura Drive?
There are currently no comparable homes to 1585 Laura Drive.
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