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Morristown 37814
2465 Brights Pike
Photo of 2465 Brights Pike
Sold on Dec 5, 2024

21

Map

Photo of 2465 Brights Pike
Photo of 2465 Brights Pike
$145,000
● House - Off Market

2465 Brights Pike

Morristown, TN 37814
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,212 Ft²
$785
Est. Monthly

About This Property

Excellent Location! Over 1,200 SF of living space. 2 car-detached garage/workshop area with electric. Great yard space. New paint throughout and new LVP flooring. Double pane windows. Updated Heat/Air unit. Laundry room with built-in cabinets. City water/Sewer. Home is being Sold As Is Where IS. Please verify all information prior to any offers.
Unit Size
1,212 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$124
Property Type
House
Property Taxes
$48
HOA Dues
-
Year Built
1947

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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: 2 months ago (Realtracs #RTC3281507)

Price History

Date / Event Date Event Price
Dec 5, 2024 Sold
Premium
Sold
Oct 1, 2024 Listed by Re/Max Between the Lakes Dandridge $149,900
Listed by Re/Max Between the Lakes Dandridge

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1984
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 25
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 4
  • Garage Square Area: 624
  • Parking Space Count: 2
  • Patio Type: 59
  • Porch Type: 58
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,731
  • Total Building Area: 1,212
  • Gross Building Area: 1,212
  • Building Area: 1,212
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 4
  • Heating: 24
  • Heated Square Feet: 1,212
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000430
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: C00
  • Legal Description 1: DISTRICT: 1

Neighborhood

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

Geography

  • Assessors Map Reference: 025
  • District: 01
  • Parcel: 025-046.06
  • Municipality: MORRISTOWN
  • Latitude: 36.2473
  • Longitude: -83.2749

    Address

  • Full Address: 2465 Brights Pike
  • Address - House Number: 2465
  • Address - Street Name: Brights
  • Address - Suffix Type: Pike
  • State: TN
  • City Name: Morristown
  • Carrier Code: R011
  • 4-Digit Zip Code: 5991
  • Zip Code: 37814

Valuation

    Tax

  • Total Area: 1,212
  • Tax Year: 2023
  • Tax Amount: $32,200
  • Tax Rate Code Area: 32B01

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 85,195
  • High Value: 124,311
  • Low Value: 46,078

    Market Valuation

  • Market Total Value: $73,200
  • Market Land Value: $18,800
  • Market Improvement Value: $54,400

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $18,300
  • Assessed Land Value: $4,700
  • Assessed Improvements Value: $13,600

    Sales

  • Current Sale Contract Date: Jan 08, 2014
  • Current Sale Recording Date: Jan 08, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 14228636
  • Previous Sale Recording Date: Jul 29, 2003
  • 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 Morristown

Stats & Trends

Median Asking:

$274,900

Sale Price/ft²

$182

Below Asking

0.02%

Average Days on Market

108

Average Home Size

1702 ft²

Average Home Age

41.7 years

Currently For Sale

38 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: Joey Bruce, Re/Max Between the Lakes Dandridge
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3281507
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 2465 Brights Pike built and last sold?
The property at 2465 Brights Pike was built in 1947 and last sold on Jan 8, 2014 for $25,000.
How much is this home worth?
The estimated value of the home located at 2465 Brights Pike is $154,463.
What are some comparable homes to 2465 Brights Pike?
There are currently no comparable homes to 2465 Brights Pike.
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