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Blount 37882
223 MEGHANNS Way
$353,000
● House - Off Market

223 MEGHANNS Way

Townsend, TN 37882
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,376 Ft²
$594,367
RealtyHop Estimate
56.45%
Since Mar 1, 2018
National-US
Primary Model

About This Property

Big National Park Views, Just across the Blount County Line from Wears Valley in the Rocky Top development. Nice 3 Bd 3.5 Bath Cabin on the rental Program and doing great. Turn key and ready for rental. Needs some carpet in basement and some minor updating.
Unit Size
2,376 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$160
Property Type
House
Property Taxes
$176
HOA Dues
-
Year Built
2004

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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: 2 months ago (Realtracs #RTC3524161)

Price History

Date / Event Date Event Price
Feb 5, 2018 Sold
Premium
Sold
Oct 2, 2017 Listed by ReMax Cove Mountain Realty $379,900
Listed by ReMax Cove Mountain Realty

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2008
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 25
  • Interior Walls Type: 18
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 3
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 35,719
  • Total Building Area: 2,376
  • Building Area: 2,376
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 2,376
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROCKY TOP
  • Land Acres: 0000000820
  • Standard Land Use Code: 1001
  • County Land Use Code: 03
  • Legal Description 1: ROCKY TOP 7 DREAM'S VIEW

Neighborhood

  • School District Name: Blount County School District
  • Census Tract: 011404

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: 085L
  • District: 15
  • Parcel: 005085L A 00601
  • Lot: 7
  • Latitude: 35.6958
  • Longitude: -83.6914

    Address

  • Full Address: 223 Meghans Way
  • Address - House Number: 223
  • Address - Street Name: Meghans
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Townsend
  • Zip Code: 37882

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $208,900
  • Tax Rate Code Area: 05A00

    Appraisal Valuation

  • Standard Deviation: 0.2275
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 647,119
  • High Value: 794,387
  • Low Value: 499,852

    Market Valuation

  • Market Total Value: $534,600
  • Market Land Value: $110,000
  • Market Improvement Value: $424,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $133,650
  • Assessed Land Value: $27,500
  • Assessed Improvements Value: $106,150

    Sales

  • Current Sale Contract Date: Feb 05, 2018
  • Current Sale Recording Date: Feb 07, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Oct 13, 2004
  • Previous Sale Amount: $369,000
  • 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 Blount

Stats & Trends

Median Asking:

$425,000

Sale Price/ft²

$233

Below Asking

0.01%

Average Days on Market

83

Average Home Size

1837 ft²

Average Home Age

32.9 years

Currently For Sale

504 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

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Realtracs

Listed by: Michael Miller, ReMax Cove Mountain Realty
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3524161
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 223 Meghans Way built and last sold?
The property at 223 Meghans Way was built in 2004 and last sold on Feb 5, 2018 for $353,000.
How much is this home worth?
The estimated value of the home located at 223 Meghans Way is $392,223.
What are some comparable homes to 223 Meghans Way?
There are currently no comparable homes to 223 Meghans Way.
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