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Grainger 37861
1939 Hodgetown Road
Photo of 1939 Hodgetown Road
Sold on Aug 21, 2023

63

Map

Photo of 1939 Hodgetown Road
Photo of 1939 Hodgetown Road
$172,900
● House - Off Market

1939 Hodgetown Road

Rutledge, TN 37861
bedrooms
1 Bed
bathrooms
1 Bath
square feet
896 Ft²
$171,932
RealtyHop Estimate
-0.56%
Since Sep 1, 2023
National-US
Primary Model

About This Property

Looking for an investment opportunity, over-night rental, or personal residence? This is a rustic cabin built in 2009 that is nestled in a wooded setting near Cherokee lake. This one has a bedroom loft, and an open design downstairs that allows for plenty of room for the kitchen and living area. There's a wrap-around porch, and it has with easy access to area boat docks, and is minutes from Morristown or Jefferson City .. Great for a weekend getaway or over-night rental. Seller is selling the property as is.
Unit Size
896 Ft²
Days on Market
-
Land Size
1.02 acres
Price per sqft
$193
Property Type
House
Property Taxes
$45
HOA Dues
-
Year Built
2009

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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: 29 days ago (Realtracs #RTC3267923)

Price History

Date / Event Date Event Price
Aug 21, 2023 Sold
Premium
Sold
Jul 22, 2022 Listed by Mountain Home Realty $172,900
Listed by Mountain Home Realty
Apr 15, 2022 No longer available -
No longer available
Mar 1, 2022 In contract -
In contract
Feb 15, 2022 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2009
  • Effective Year Built: 2009
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 25
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,431
  • Total Building Area: 896
  • Building Area: 896
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 14
  • Heated Square Feet: 896
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001020
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: DISTRICT: 07, COUNTY AREA: G01

Neighborhood

  • School District Name: Grainger County School District
  • Census Tract: 500402

Geography

  • Assessors Map Reference: 051
  • District: 07
  • Parcel: 029051 05211
  • Latitude: 36.2803
  • Longitude: -83.411

    Address

  • Full Address: 1939 Hodgetown Rd
  • Address - House Number: 1939
  • Address - Street Name: Hodgetown
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Rutledge
  • Carrier Code: R002
  • 4-Digit Zip Code: 5427
  • Zip Code: 37861

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $55,500
  • Tax Rate Code Area: 29A00

    Appraisal Valuation

  • Standard Deviation: 0.1214
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 86
  • Final Value: 155,388
  • High Value: 174,264
  • Low Value: 136,512

    Market Valuation

  • Market Total Value: $94,400
  • Market Land Value: $14,700
  • Market Improvement Value: $79,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,600
  • Assessed Land Value: $3,675
  • Assessed Improvements Value: $19,925

    Sales

  • Current Sale Contract Date: Aug 07, 2023
  • Current Sale Recording Date: Aug 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2349
  • Previous Sale Recording Date: Apr 21, 2022
  • Previous Sale Contract Date: Apr 08, 2022
  • Previous Sale Amount: $152,000
  • 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 Grainger

Stats & Trends

Median Asking:

$399,990

Sale Price/ft²

$235

Below Asking

0.01%

Average Days on Market

87

Average Home Size

1532 ft²

Average Home Age

23.7 years

Currently For Sale

79 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: Clyde Cummins, Mountain Home Realty
Last Updated: 29 days ago
Data Source: Realtracs, MLS# RTC3267923
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 1939 Hodgetown Road built and last sold?
The property at 1939 Hodgetown Road was built in 2009 and last sold on Aug 7, 2023 for $172,900.
How much is this home worth?
The estimated value of the home located at 1939 Hodgetown Road is $173,095.
What are some comparable homes to 1939 Hodgetown Road?
There are currently no comparable homes to 1939 Hodgetown Road.
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