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Morristown 37814
2314 Windswept Way
Photo of 2314 Windswept Way
Sold on Dec 8, 2022

15

Map

Photo of 2314 Windswept Way
Photo of 2314 Windswept Way
$139,000
● Land - Off Market

2314 Windswept Way

Morristown, TN 37814
bedrooms
Studio
bathrooms
0 Bath
$242,943
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Lot 86 and boat slip only, included in this sale... Two of the nicest lots in Windswept, 86 & 87, along with boat slip P12, are combined for this sale. Gentle front to back roll on these parcels perfect for walkout basement. Unobstructed lake and mountain views. Parcels are mostly cleared but a few nice shade trees on these parcels. Lot 86 with boat slip available for $139,000, lot 87 by itself is $99,000. Public water, sewer, and cable available at sites. Temp power pole installed... Windswept on Cherokee Lake is a beautiful development with nice amenities: 10,000 sq ft Club House, salt water pool, Tennis/Pickle ball courts, marina and boat launch. Just 5 minutes from downtown Morristown make this an excellent location for getting to all services in the area.
Unit Size
-
Days on Market
-
Land Size
1.46 acres
Price per sqft
-
Property Type
Land
Property Taxes
$96
HOA Dues
-
Year Built
-

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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: 3 months ago (Realtracs #RTC3052925)

Price History

Date / Event Date Event Price
Dec 8, 2022 Sold
Premium
Sold
Jul 11, 2022 Listed by RE/Max First $229,000
Listed by RE/Max First

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: 32,234
  • Lot Size Depth Feet: 2,560
  • Lot Size Frontage Feet: 1,330
  • 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: R
  • Subdivision: WINDSWEPT PHASE III
  • Land Acres: 0000000740
  • Standard Land Use Code: 1000
  • County Land Use Code: 00
  • State Land Use Code: C00
  • Legal Description 1: WINDSWEPT PHASE III PB: J PG: 7 LOT: 86 132.51X255.68 IRR

Neighborhood

  • School District Name: Hamblen County School District
  • School Tax School District: 32500
  • Census Tract: 100500

Zoning

  • Zoning: RP1

Geography

  • Assessors Map Reference: 016L
  • District: 01
  • Parcel: 016L-A-086.00
  • Lot: 86
  • Municipality: MORRISTOWN
  • Latitude: 36.2657
  • Longitude: -83.2968

    Address

  • Full Address: 2314 Windswept Way
  • Address - House Number: 2314
  • Address - Street Name: Windswept
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Morristown
  • Carrier Code: R002
  • 4-Digit Zip Code: 5322
  • Zip Code: 37814

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $32,100
  • Tax Rate Code Area: 32B01

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 401,086
  • High Value: 585,238
  • Low Value: 216,933

    Market Valuation

  • Market Total Value: $73,000
  • Market Land Value: $73,000

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $18,250
  • Assessed Land Value: $18,250

    Sales

  • Current Sale Contract Date: Dec 08, 2022
  • Current Sale Recording Date: Dec 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 22837
  • Previous Sale Recording Date: Oct 12, 2021
  • Previous Sale Contract Date: Sep 29, 2021
  • Previous Sale Amount: $184,800
  • 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 Morristown

Stats & Trends

Median Asking:

$274,900

Sale Price/ft²

$182

Below Asking

0.02%

Average Days on Market

108

Average Home Size

1507 ft²

Average Home Age

42.4 years

Currently For Sale

35 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: David Connors, RE/Max First
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3052925
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 2314 Windswept Way built and last sold?
The property at 2314 Windswept Way was built in and last sold on Dec 8, 2022 for $139,000.
How much is this home worth?
The estimated value of the home located at 2314 Windswept Way is $231,290.
What are some comparable homes to 2314 Windswept Way?
There are currently no comparable homes to 2314 Windswept Way.
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