by Lee Lin
For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Morristown 37814
2323 Southern Drive
$86,000
● House - Off Market

2323 Southern Drive

Morristown, TN 37814
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,274 Ft²
$152,646
RealtyHop Estimate
77.50%
Since Jan 1, 2016
National-US
Primary Model

About This Property

Brick home with 3 bedrooms and 2 baths. Large room and fireplace in finished basement. Potential square footage of 621 in basement not accounted for.
Unit Size
1,274 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$68
Property Type
House
Property Taxes
$64
HOA Dues
-
Year Built
1979

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 5 months ago (Realtracs #RTC3254126)

Price History

Date / Event Date Event Price
Dec 8, 2015 Sold
Premium
Sold
Oct 1, 2015 Listed by WEICHERT, REALTORS - TIGER REAL ESTATE $86,000
Listed by WEICHERT, REALTORS - TIGER REAL ESTATE

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1979
  • 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: 6
  • Basement Area: 1,242
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,445,000
  • Lot Size Depth Feet: 1,600
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 2,484
  • Gross Building Area: 2,484
  • Building Area: 1,863
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,863
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LIBERTY HEIGHTS
  • Land Acres: 0000125000
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: C00
  • Legal Description 1: LIBERTY HEIGHTS PB: 10 PG: 42 LOT: 26 125X160

Neighborhood

  • School District Name: Hamblen County School District
  • School Tax School District: 32500
  • Census Tract: 100100

Geography

  • Assessors Map Reference: 025J
  • District: 01
  • Parcel: 025J-J-026.00
  • Lot: 26
  • Municipality: MORRISTOWN
  • Latitude: 36.2349
  • Longitude: -83.2699

    Address

  • Full Address: 2323 Southern Dr
  • Address - House Number: 2323
  • Address - Street Name: Southern
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Morristown
  • Carrier Code: R011
  • 4-Digit Zip Code: 6007
  • Zip Code: 37814

Valuation

    Tax

  • Total Area: 1,242
  • Tax Year: 2023
  • Tax Amount: $56,500
  • Tax Rate Code Area: 32B01

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 100,505
  • High Value: 146,650
  • Low Value: 54,359

    Market Valuation

  • Market Total Value: $128,500
  • Market Land Value: $22,200
  • Market Improvement Value: $106,300

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $32,125
  • Assessed Land Value: $5,550
  • Assessed Improvements Value: $26,575

    Sales

  • Current Sale Contract Date: Jun 28, 2018
  • Current Sale Recording Date: Jul 02, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 18004655
  • Previous Sale Recording Date: Dec 09, 2015
  • Previous Sale Contract Date: Dec 07, 2015
  • Previous Sale Amount: $86,000
  • 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 Morristown

Stats & Trends

Median Asking:

$274,900

Sale Price/ft²

$182

Below Asking

0.02%

Average Days on Market

85

Average Home Size

2164 ft²

Average Home Age

42.7 years

Currently For Sale

44 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

Click here to view more rentals in the neighborhood.
Realtracs

Listed by: Tony Thomas, WEICHERT, REALTORS - TIGER REAL ESTATE
Last Updated: 5 months ago
Data Source: Realtracs, MLS# RTC3254126
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 2323 Southern Drive built and last sold?
The property at 2323 Southern Drive was built in 1979 and last sold on Jun 28, 2018 for $130,000.
How much is this home worth?
The estimated value of the home located at 2323 Southern Drive is $94,118.
What are some comparable homes to 2323 Southern Drive?
There are currently no comparable homes to 2323 Southern Drive.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Hamblen Homes for Sale
Hamblen Houses for Sale
Hamblen Condos for Sale
Hamblen Multifamily for Sale
Hamblen Land for Sale
Hamblen Commercial for Sale
Hamblen Homes with Basements
Hamblen Homes with Pools
Nearby Cities
Morristown Homes for Sale
Greeneville Homes for Sale
Sevierville Homes for Sale
Seymour Homes for Sale
Jefferson City Homes for Sale
Dandridge Homes for Sale
Newport Homes for Sale
Church Hill Homes for Sale
Nearby Property Records
Hamblen County, TN Property Records
Jefferson County, TN Property Records
Grainger County, TN Property Records
Cocke County, TN Property Records
Hancock County, TN Property Records
Hawkins County, TN Property Records
Greene County, TN Property Records
Claiborne County, TN Property Records
Nearby Counties
Greene Homes for Sale
Jefferson Homes for Sale
Hawkins Homes for Sale
Cocke Homes for Sale
Grainger Homes for Sale
Claiborne Homes for Sale
Madison Homes for Sale
Union Homes for Sale
Top Real Estate Agents
Top Agents in Hamblen
Top Agents in Greene
Top Agents in 37876
Top Agents in Jefferson
Top Agents in Hawkins
Top Agents in Cocke
Top Agents in 37725
Top Agents in 37814