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Cocke
3695 Shady Springs Way
Photo of 3695 Shady Springs Way
Sold on Oct 10, 2019

33

Map

Photo of 3695 Shady Springs Way
Photo of 3695 Shady Springs Way
$40,000
● House - Off Market

3695 Shady Springs Way

Cosby, TN 37722
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,036 Ft²
$71,769
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Total end of road privacy in this fixer upper. Bring your imagination and your desire for a home in the mountains! The property has potential if you can see past the clutter. This home has not been occupied in seven years and needs to cleaned out.
Unit Size
1,036 Ft²
Days on Market
-
Land Size
5.30 acres
Price per sqft
$47
Property Type
House
Property Taxes
$26
HOA Dues
-
Year Built
1982

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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: 13 days ago (Realtracs #RTC3556923)

Price History

Date / Event Date Event Price
Mar 29, 2021 Listed by Century 21 MVP $110,000
Listed by Century 21 MVP
A Diamond in the rough. 5.3 beautiful acres filled with flowers and plants as previous owner was a florist. There are 2 structures, 2 bed septic in place, well in place, has been surveyed and the lower acre+ has been perked and approved for an additional 3 bed septic. The smaller structure is a studio/tiny house and could be a great fixer upper. The jetted tub in the front yard does not convey. *****OWNER LIVES IN ONE OF THE STRUCTURES***** DO NOT DRIVE BY-BY APPOINTMENT ONLY .
Oct 10, 2019 Sold
Premium
Sold
Jul 19, 2019 Listed by Cosby Real Estate, Inc. $49,000
Listed by Cosby Real Estate, Inc.

Property Highlights

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 6
  • Building Quality: 11
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 25
  • Interior Walls Type: 9
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 23
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 165,528
  • Total Building Area: 1,036
  • Building Area: 1,036
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 14
  • Heated Square Feet: 1,036
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROBERT JUST PROPERTY
  • Land Acres: 0000003800
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: DISTRICT: 05, COUNTY AREA: Y01

Neighborhood

  • School District Name: Cocke County School District
  • Census Tract: 920502

Geography

  • Assessors Map Reference: 101
  • District: 05
  • Parcel: 015101 02305
  • Lot: 2
  • Latitude: 35.8417
  • Longitude: -83.2747

    Address

  • Full Address: 3695 Shady Springs Way
  • Address - House Number: 3695
  • Address - Street Name: Shady Springs
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Cosby
  • Carrier Code: R002
  • 4-Digit Zip Code: 2747
  • Zip Code: 37722

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $23,100
  • Tax Rate Code Area: 15A00

    Appraisal Valuation

  • Standard Deviation: 0.4621
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 7
  • Final Value: 103,653
  • High Value: 151,560
  • Low Value: 55,745

    Market Valuation

  • Market Total Value: $36,100
  • Market Land Value: $23,800
  • Market Improvement Value: $12,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $9,025
  • Assessed Land Value: $5,950
  • Assessed Improvements Value: $3,075

    Sales

  • Current Sale Contract Date: May 11, 2021
  • Current Sale Recording Date: May 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 21002368
  • Previous Sale Recording Date: Oct 08, 2019
  • Previous Sale Contract Date: Oct 07, 2019
  • Previous Sale Amount: $40,000
  • 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 Cocke

Stats & Trends

Median Asking:

$325,000

Sale Price/ft²

$228

Below Asking

0.03%

Average Days on Market

90

Average Home Size

1978 ft²

Average Home Age

32.5 years

Currently For Sale

156 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: Tim Thomas, Cosby Real Estate, Inc.
Last Updated: 13 days ago
Data Source: Realtracs, MLS# RTC3556923
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 3695 Shady Spring Way built and last sold?
The property at 3695 Shady Spring Way was built in 1982 and last sold on May 11, 2021 for $55,000.
How much is this home worth?
The estimated value of the home located at 3695 Shady Spring Way is $111,100.
What are some comparable homes to 3695 Shady Spring Way?
There are currently no comparable homes to 3695 Shady Spring Way.
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