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Newport 37821
474 Sequoyah Drive
Photo of 474 Sequoyah Drive
Sold on Jul 26, 2023

10

Map

Photo of 474 Sequoyah Drive
Photo of 474 Sequoyah Drive
$220,000
● House - Off Market

474 Sequoyah Drive

Newport, TN 37821
bedrooms
3 Beds
bathrooms
1 Bath
square feet
2,040 Ft²
$288,211
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Conveniently located in Newport just minutes to I-40 and dining. And just 30 minutes to the Great Smoky Mountains National Park. This spacious rancher located in a cul-de-sac is waiting for you.  Attached you will find an oversized garage along with a level backyard with privacy and a large deck. This is a well cared for home that just needs a little TLC. Call today to schedule your showing.
Unit Size
2,040 Ft²
Days on Market
-
Land Size
0.68 acres
Price per sqft
$142
Property Type
House
Property Taxes
$160
HOA Dues
-
Year Built
1965

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 7 days ago (Realtracs #RTC3613785)

Price History

Date / Event Date Event Price
Jul 26, 2023 Sold
Premium
Sold
Jun 21, 2023 Listed by King Real Estate Services, Inc. $289,000
Listed by King Real Estate Services, Inc.

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 2000
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 24
  • Basement Type: 3
  • Basement Area: 240
  • Garage Type: 25
  • Garage Square Area: 756
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,621
  • Lot Size Depth Feet: 1,610
  • Lot Size Frontage Feet: 1,650
  • Total Building Area: 1,558
  • Building Area: 1,558
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 4
  • Heating: 24
  • Heated Square Feet: 1,558
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIAN HILLS
  • Land Acres: 0000000680
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: DISTRICT: 06, COUNTY AREA: G01

Neighborhood

  • School District Name: Newport City School District
  • School Tax School District: 15527
  • Census Tract: 920600

Geography

  • Assessors Map Reference: 056O
  • District: 06
  • Parcel: 015056J E 01300
  • Lot: 14,15
  • Municipality: NEWPORT
  • Latitude: 35.9461
  • Longitude: -83.1971

    Address

  • Full Address: 474 Sequoyah Dr
  • Address - House Number: 474
  • Address - Street Name: Sequoyah
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Newport
  • Carrier Code: C001
  • 4-Digit Zip Code: 4220
  • Zip Code: 37821

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $98,400
  • Tax Rate Code Area: 15A01

    Appraisal Valuation

  • Standard Deviation: 0.4621
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 7
  • Final Value: 225,178
  • High Value: 329,252
  • Low Value: 121,103

    Market Valuation

  • Market Total Value: $153,800
  • Market Land Value: $33,200
  • Market Improvement Value: $120,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $38,450
  • Assessed Land Value: $8,300
  • Assessed Improvements Value: $30,150

    Sales

  • Current Sale Contract Date: Jul 26, 2023
  • Current Sale Recording Date: Jul 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Current Sale Input Document Number: 3157
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 Newport

Stats & Trends

Median Asking:

$230,000

Sale Price/ft²

$161

Below Asking

0.03%

Average Days on Market

73

Average Home Size

1692 ft²

Average Home Age

68.4 years

Currently For Sale

15 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

Click here to view more rentals in the neighborhood.
Realtracs

Listed by: Dustin Humphrey, King Real Estate Services, Inc.
Last Updated: 7 days ago
Data Source: Realtracs, MLS# RTC3613785
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 474 Sequoyah Drive built and last sold?
The property at 474 Sequoyah Drive was built in 1965 and last sold on Jul 26, 2023 for $220,000.
How much is this home worth?
The estimated value of the home located at 474 Sequoyah Drive is $295,564.
What are some comparable homes to 474 Sequoyah Drive?
There are currently no comparable homes to 474 Sequoyah Drive.
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