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Morristown 37814
2565 Mountain View Drive
Photo of 2565 Mountain View Drive
Sold on May 18, 2022

1

Map

$295,000
● House - Off Market

2565 Mountain View Drive

Morristown, TN 37814
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,423 Ft²
$292,258
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

This one is a must see. Solid brick rancher in nicely located neighborhood with easy access to the entire Lakeway region. Recently remodeled with a modern farmhouse aesthetic, this home has all new Samsung appliances, new soft close kitchen cabinets and drawers, new hot water heater and new bathrooms.  The entire yard is beautiful.  Out back off of the patio and deck, there is a firepit.  The spacious backyard has enough space to put in a pool.  Easy access to Knoxville, Sevierville, Pigeon Forge, Tri-Cities, NC, SC, KY, GA & VA state lines. One hour and twenty minutes to McGhee Tyson International Airport.
Unit Size
1,423 Ft²
Days on Market
38 days
Land Size
0.40 acres
Price per sqft
$204
Property Type
House
Property Taxes
$107
HOA Dues
-
Year Built
1961

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Cap Rate Calculator

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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: 5 months ago ( #248621)

Price History

Date / Event Date Event Price
May 18, 2022 Sold
Premium
Sold
Apr 10, 2022 Listed by Crye-Leike Premier Real Estate, LLC $290,000
Listed by Crye-Leike Premier Real Estate, LLC

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 2000
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 6
  • Building Quality: 5
  • Construction Type: 12
  • Building Style: 25
  • Exterior Walls Type: 2
  • 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: 1
  • Garage Square Area: 275
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,878,720
  • Lot Size Depth Feet: 1,800
  • Lot Size Frontage Feet: 1,250
  • Total Building Area: 1,973
  • Gross Building Area: 1,973
  • Building Area: 1,698
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 4
  • Heating: 24
  • Heated Square Feet: 1,698
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKEMOORE
  • Land Acres: 0000112000
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: C00
  • Legal Description 1: LAKEMOORE PB: B PG: 137 LOT: 47 125X180.45 IRR

Neighborhood

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

Geography

  • Assessors Map Reference: 025B
  • District: 01
  • Parcel: 025B-A-016.00
  • Lot: 47
  • Municipality: MORRISTOWN
  • Latitude: 36.251
  • Longitude: -83.2796

    Address

  • Full Address: 2565 Mountain View Dr
  • Address - House Number: 2565
  • Address - Street Name: Mountain View
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Morristown
  • Carrier Code: R011
  • 4-Digit Zip Code: 5947
  • Zip Code: 37814

Valuation

    Tax

  • Total Area: 1,423
  • Tax Year: 2023
  • Tax Amount: $71,500
  • Tax Rate Code Area: 32B01

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 436,177
  • High Value: 636,441
  • Low Value: 235,912

    Market Valuation

  • Market Total Value: $168,800
  • Market Land Value: $21,700
  • Market Improvement Value: $147,100

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $42,200
  • Assessed Land Value: $5,425
  • Assessed Improvements Value: $36,775

    Sales

  • Current Sale Contract Date: May 17, 2022
  • Current Sale Recording Date: May 20, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 16841
  • Previous Sale Recording Date: May 19, 2021
  • Previous Sale Contract Date: May 18, 2021
  • Previous Sale Amount: $225,000
  • 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

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

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Frequently Asked Questions

When was property at 2565 Mountain View Drive built and last sold?
The property at 2565 Mountain View Drive was built in 1961 and last sold on May 17, 2022 for $295,000.
How much is this home worth?
The estimated value of the home located at 2565 Mountain View Drive is $291,503.
What are some comparable homes to 2565 Mountain View Drive?
There are currently no comparable homes to 2565 Mountain View Drive.
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