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Anderson 37849
297 Wells Rd
Photo of 297 Wells Rd
Sold on Jan 21, 2026

15

Map

Photo of 297 Wells Rd
Photo of 297 Wells Rd
$239,000
● House - Off Market

297 Wells Rd

Powell, TN 37849
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,475 Ft²
$1,279
Est. Monthly

About This Property

Discover the perfect blend of comfort and convenience at 297 Wells Rd in the heart of Powell, TN! This charming 4-bedroom, 2-bathroom home sits on a spacious lot and offers a bright, functional layout ideal for everyday living or entertaining. Enjoy an updated kitchen with modern finishes, a cozy living area, and generously sized bedrooms. Step outside to a large backyard-perfect for relaxing, gardening, or weekend barbecues. Located in a quiet, established neighborhood just minutes from top-rated schools, local shopping, and easy highway access. This move-in-ready gem offers both privacy and proximity-also Receive 1% rate reduction for 12 months when using seller's preferred lender, don't miss it!

Seller Financing available.
Unit Size
1,475 Ft²
Days on Market
229 days
Land Size
0.82 acres
Price per sqft
$162
Property Type
House
Property Taxes
$105
HOA Dues
-
Year Built
2022

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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 #RTC3112761)

Price History

Date / Event Date Event Price
Jan 21, 2026 Sold
Premium
Sold
Jun 6, 2025 Listed by Keller Williams Realty $239,000
Listed by Keller Williams Realty

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • 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: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 35,719
  • Lot Size Depth Feet: 5,910
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,456
  • Gross Building Area: 1,456
  • Building Area: 1,456
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,456
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: TRUE ACRES
  • Land Acres: 0000000820
  • Standard Land Use Code: 1001
  • County Land Use Code: MH5
  • Mobile Home Indicator: T
  • Legal Description 1: TRUE ACRES PB: 10 PG: 10-D LOT: 4 25 X 591.48 X 93.21 IRR

Neighborhood

  • School District Name: Knox County School District
  • Census Tract: 021303

Geography

  • Assessors Map Reference: 097K
  • District: 01
  • Parcel: 097K-A-004.00
  • Lot: 4
  • Municipality: ANDERSON COUNTY
  • Latitude: 36.0353
  • Longitude: -84.0728

    Address

  • Full Address: 297 Wells Rd
  • Address - House Number: 297
  • Address - Street Name: Wells
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Powell
  • Carrier Code: R003
  • 4-Digit Zip Code: 7710
  • Zip Code: 37849

Valuation

    Tax

  • Total Area: 1,456
  • Tax Year: 2022
  • Tax Amount: $56,900
  • Tax Rate Code Area: 01A00

    Appraisal Valuation

  • Standard Deviation: 0.2586
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 63
  • Final Value: 215,785
  • High Value: 271,598
  • Low Value: 159,973

    Market Valuation

  • Market Total Value: $191,400
  • Market Land Value: $18,200
  • Market Improvement Value: $173,200

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $47,850
  • Assessed Land Value: $4,550
  • Assessed Improvements Value: $43,300

    Sales

  • Current Sale Contract Date: Jan 03, 2023
  • Current Sale Recording Date: Jan 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 191
  • Previous Sale Recording Date: May 05, 2021
  • Previous Sale Contract Date: Apr 19, 2021
  • Previous Sale Amount: $19,500
  • 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 Anderson

Stats & Trends

Median Asking:

$349,995

Sale Price/ft²

$204

Below Asking

0.01%

Average Days on Market

87

Average Home Size

1584 ft²

Average Home Age

47.3 years

Currently For Sale

253 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: Nic Nicaud, Keller Williams Realty
Last Updated: 3 months ago
Data Source: Realtracs, MLS# RTC3112761
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 297 Wells Road built and last sold?
The property at 297 Wells Road was built in 2022 and last sold on Jan 3, 2023 for $210,000.
How much is this home worth?
The estimated value of the home located at 297 Wells Road is $244,338.
What are some comparable homes to 297 Wells Road?
There are currently no comparable homes to 297 Wells Road.
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