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Newport 37821
475 Sequoyah Drive
Photo of 475 Sequoyah Drive
Sold on Feb 16, 2022

23

Map

Photo of 475 Sequoyah Drive
Photo of 475 Sequoyah Drive
$179,000
● House - Off Market

475 Sequoyah Drive

Newport, TN 37821
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,716 Ft²
$188,483
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

4 BR/1.5 BA, 1716 SQ FT BASEMENT BRICK RANCH ON QUIET & PEACEFUL DEAD-END CUL-DE-SAC IN WELL ESTABLISHED INDIAN HILLS S/D! SUPERB LOCATION CLOSE PROXIMITY TO ALL AMENITIES. HOME OFFERS 12 X 20 SCREENED BACK PORCH, 24 X 24 DETACHED GARAGE, COVERED CARPORT, COPPER PLUMBING & DOUBLE PANE TILT WINDOWS YET COULD USE SOME COSMETIC UPDATING & PRICED ACCORDINGLY. PROPERTY BEING SOLD "AS IS". CLOSE PROXIMITY TO SHOPPING, RESTAURANTS, SCHOOLS, THEATER, HOSPITAL, CHURCHES, EASTERN ENTRANCE OF THE GREAT SMOKY MTN NATIONAL PARK, CAMPGROUNDS, APPALACHIAN TRAIL, DOUGLAS LAKE, GATLINBURG, DOLLYWOOD, I-40, I-81 & CENTRALLY LOCATED FROM ASHEVILLE NC, KNOXVILLE & TRI CITIES! TENNESSEE RESOURSES & GENEROUS HOSPITALITY AT YOUR DOORSTEP! DRONE PICTURES USED IN LISTING.
Unit Size
1,716 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$104
Property Type
House
Property Taxes
$166
HOA Dues
-
Year Built
1967

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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: 2 months ago (Realtracs #RTC3321194)

Price History

Date / Event Date Event Price
Feb 16, 2022 Sold
Premium
Sold
Dec 29, 2021 Listed by Massey Realty $179,000
Listed by Massey Realty
Dec 15, 2021 No longer available -
No longer available
Oct 5, 2021 Price Decreased $199,000
↓ $11K (5.2%)
Price Decreased
Jun 7, 2021 Listed by Scenic Realty $210,000
Listed by Scenic Realty
HOME LOCATED AT DEAD END OF SEQUOYAH DR. CONVENIENT TO SHOPPING, RESTAURANTS, MEDICAL FACILITIES, I-40 AND MORE. NO GOVERNMENT LOANS. The manager has listed the unit size as 1716 square feet.

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1995
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 5
  • 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: 9
  • Basement Type: 2
  • Basement Area: 1,456
  • Garage Type: 4
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 4
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,988
  • Lot Size Depth Feet: 1,300
  • Lot Size Frontage Feet: 600
  • Total Building Area: 1,456
  • Building Area: 1,456
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 4
  • Heating: 24
  • Heated Square Feet: 1,456
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: INDIAN HILLS
  • Land Acres: 0000000390
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: DISTRICT: 06, COUNTY AREA: Y01

Neighborhood

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

Geography

  • Assessors Map Reference: 056P
  • District: 06
  • Parcel: 015056J F 01800
  • Lot: 16
  • Municipality: NEWPORT
  • Latitude: 35.9463
  • Longitude: -83.1976

    Address

  • Full Address: 475 Sequoyah Dr
  • Address - House Number: 475
  • Address - Street Name: Sequoyah
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Newport
  • Carrier Code: C001
  • 4-Digit Zip Code: 4219
  • Zip Code: 37821

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $199,300
  • Tax Rate Code Area: 15A01

    Appraisal Valuation

  • Standard Deviation: 0.1253
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 86
  • Final Value: 187,445
  • High Value: 210,934
  • Low Value: 163,957

    Market Valuation

  • Market Total Value: $160,300
  • Market Land Value: $27,800
  • Market Improvement Value: $132,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,075
  • Assessed Land Value: $6,950
  • Assessed Improvements Value: $33,125

    Sales

  • Current Sale Contract Date: Feb 16, 2022
  • Current Sale Recording Date: Feb 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 887
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:

$232,000

Sale Price/ft²

$163

Below Asking

0.03%

Average Days on Market

78

Average Home Size

1851 ft²

Average Home Age

67.5 years

Currently For Sale

13 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: Rae Massey, Massey Realty
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3321194
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 475 Sequoyah Drive built and last sold?
The property at 475 Sequoyah Drive was built in 1967 and last sold on Feb 16, 2022 for $179,000.
How much is this home worth?
The estimated value of the home located at 475 Sequoyah Drive is $185,077.
What are some comparable homes to 475 Sequoyah Drive?
There are currently no comparable homes to 475 Sequoyah Drive.
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