Check Availability
Hamblen 37814
4516 Majestic Magnolia Lane
$387,000 - $471,000
House - In Contract

4516 Majestic Magnolia Lane

Morristown, TN 37814
bedrooms
3 Beds
bathrooms
2.5 Baths, 1 Half Bath
square feet
2799 Sqft
Sold May 04, 2022
$359,000
$309,000 by Academy Mortgage Corporation
Mortgage Due Jun 01, 2052
Sold Jun 01, 2018
$229,900
$183,920 by Bank Of America Na
Mortgage Due Jun 01, 2048

About This Property

This gorgeous and stately two story home has so much to offer!  First, its location is perfect.  It's nestled in a small, private, quiet neighborhood yet is just minutes from shopping, dining out, and schools. Next, it is move in ready! It has been remodeled throughout with new flooring, new paint, and new lighting.  It features a completely remodeled kitchen with new cabinetry, backsplash, appliances, farmhouse sink, and solid surface countertops. Additionally, you'll enjoy the beauty of the newly remodeled bath with walk in shower and stand alone tub.  Come enjoy your outdoor space with a completely fenced back yard for pets and children and fire pit area.  Additionally, the exterior has been been redone with new paint on the brick and shutters with new windows in 2023.  You don't want to miss out on this beautiful home.

The manager has listed the unit size as 2799 square feet.
Unit Size
2,799Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$154
Property Type
House
Property Taxes
$93
HOA Dues
-
Year Built
1997
Listed By
Robin Epps
Crye-Leike Lakeway Real Estate

Price History

Date / Event Date Event Price
Mar 22, 2024 In contract -
In contract
Mar 18, 2024 Listed $429,900
Listed
May 4, 2022 No longer available -
No longer available
May 4, 2022 Sold to Jessica Rice, Parker Rice $359,000
Sold to Jessica Rice, Parker Rice
Mar 22, 2022 In contract -
In contract
Show More

Property Highlights

Exterior Details

Exterior Information

Brick
Vinyl Siding

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 2008
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: Average
  • Building Quality: C
  • Building Style: Custom
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 529
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 18,295
  • Lot Size Depth Feet: 1,770
  • Lot Size Frontage Feet: 1,050
  • Total Building Area: 3,328
  • Gross Building Area: 3,328
  • Building Area: 2,799
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 2,799
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: MAGNOLIA POND
  • Land Acres: 0.42
  • Standard Land Use Code: Single family residential
  • Legal Description 1: MAGNOLIA POND PB: F PG: 118 LOT: 3 105.16X178.6 IRR

Ownership

  • Current Owner : RICE JESSICA
  • Current Owner 2: RICE PARKER
  • Previous Owner : MEDINA MATUTE FEDERICO ALEJANDRO ANDRE
  • Owner Before Previous Owner: THOMPSON CHRISTOPHER
  • Owner Before Previous Owner 2: THOMPSON STACY
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Hamblen County School District
  • Census Tract: 101200

Zoning

  • Zoning: A1

Geography

  • Assessors Map Reference: 040H
  • District: 02
  • Parcel: 040H-C-003.00
  • Lot: 3
  • Municipality: HAMBLEN COUNTY
  • Latitude: 36.2005
  • Longitude: -83.3819

    Address

  • Full Address: 4516 Majestic Magnolia Ln
  • Address - House Number: 4516
  • Address - Street Name: Majestic Magnolia
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Morristown
  • Carrier Code: R001
  • 4-Digit Zip Code: 1593
  • Zip Code: 37814

Valuation

    Tax

  • Total Area: 1,100
  • Tax Year: 2023
  • Tax Amount: $1,112
  • Intital Tax Deliquent Year: 2022
  • Tax Rate Code Area: 32A00

    Appraisal Valuation

  • Standard Deviation: 0.4651
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 6
  • Final Value: 268,777
  • High Value: 393,794
  • Low Value: 143,759

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $309,000
  • First Open Lien Mortgage Lender: ACADEMY MORTGAGE CORPORATION
  • First Open Lien Mortgage Recording Date: May 04, 2022
  • First Open Lien Mortgage Loan Amount: $309,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2052

    Market Valuation

  • Market Total Value: $225,700
  • Market Land Value: $26,000
  • Market Improvement Value: $199,700

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $56,425
  • Assessed Land Value: $6,500
  • Assessed Improvements Value: $49,925

    Sales

  • Current Sale Contract Date: Mar 19, 2022
  • Current Sale Recording Date: May 04, 2022
  • Current Sale Transaction ID: 11886846406
  • Current Sale Price: $359,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 16236
  • Previous Sale Recording Date: Jun 01, 2018
  • Previous Sale Contract Date: Jun 01, 2018
  • Previous Sale Amount: $229,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ACADEMY MORTGAGE CORPORATION
  • First Mortgage Transaction Date: May 04, 2022
  • First Mortgage Loan Amount: $309,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jun 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF AMERICA NA
  • Previous Mortgage Transaction Date: Jun 01, 2018
  • Previous Mortgage Loan Amount: $183,920
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jun 01, 2048

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2.5 Baths
3,844 ft²
$117/ft²
$450,000 Mar 11, 2024
-
$1,042/mo
House
3 Beds
2.5 Baths
1,305 ft²
$299/ft²
$390,000 Mar 19, 2024
-
$74/mo

About Hamblen


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Nearby Rentals

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Frequently Asked Questions

When was property at 4516 Majestic Magnolia Lane built and last sold?
The property at 4516 Majestic Magnolia Lane was built in 1997 and last sold on Mar 19, 2022 for $359,000.
How much is this home worth?
The estimated value of the home located at 4516 Majestic Magnolia Lane is $424,116.
What are some comparable homes to 4516 Majestic Magnolia Lane?
Homes that are comparable to 4516 Majestic Magnolia Lane include a house property at 4835 Cameron Road, 4895 Cameron Road, which are both great to check out.

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