by Lee Lin

See Home Value
Morristown 37814
515 Franklin Lane
$200,000
● House - Off Market

515 Franklin Lane

Morristown, TN 37814
bedrooms
2 Beds
bathrooms
1 Bath
square feet
888 Ft²
$1,026
Est. Monthly

About This Property

Discover this delightful 2-bedroom, 1-bathroom cottage-style home, perfectly situated within the city limits of Morristown, TN. Whether you're searching for a smart investment property or a cozy primary residence, this centrally located gem offers endless opportunities.

Step inside to find a warm and inviting living space, ideal for relaxation and everyday living. The home features two comfortable bedrooms, providing ample space for family, guests, or a home office. The single bathroom is conveniently located and designed with practicality in mind.

Outside, you'll appreciate the charming cottage facade and a manageable yard, perfect for gardening or enjoying the Tennessee weather. The central location ensures you're never far from local amenities, schools, shopping, and dining options.

Don't miss your chance to own this versatile and appealing home in the heart of Morristown. Schedule a showing today and imagine the possibilities!
Unit Size
888 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$225
Property Type
House
Property Taxes
$44
HOA Dues
-
Year Built
1940

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Last updated: 4 months ago (Realtracs #RTC3320491)

Price History

Date / Event Date Event Price
Aug 12, 2024 Sold
Sold
Jun 29, 2024 Listed by Greater Impact Realty Lakeway $199,900
Listed by Greater Impact Realty Lakeway

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1980
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 25
  • Exterior Walls Type: 25
  • Interior Walls Type: 6
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 68
  • Porch Type: 126
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,761
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 820
  • Total Building Area: 888
  • Gross Building Area: 888
  • Building Area: 888
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 4
  • Heating: 24
  • Heated Square Feet: 888
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BEBBER ADD
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: 03
  • State Land Use Code: C00
  • Legal Description 1: BEBBER ADD PB: B PG: 48 LOT: 13 PT 16 & 17 ALSO 93X166 IRR

Neighborhood

  • School District Name: Hamblen County School District
  • School Tax School District: 32500
  • Census Tract: 100100

Zoning

  • Zoning: R2

Geography

  • Assessors Map Reference: 034H
  • District: 01
  • Parcel: 034H-A-012.00
  • Lot: 13
  • Municipality: MORRISTOWN
  • Latitude: 36.22
  • Longitude: -83.2897

    Address

  • Full Address: 515 Franklin Ln
  • Address - House Number: 515
  • Address - Street Name: Franklin
  • Address - Suffix Type: Ln
  • State: TN
  • City Name: Morristown
  • Carrier Code: C001
  • 4-Digit Zip Code: 4494
  • Zip Code: 37814

Valuation

    Tax

  • Total Area: 888
  • Tax Year: 2023
  • Tax Amount: $29,100
  • Initial Tax Delinquent Year: 2021
  • Tax Rate Code Area: 32B01

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 398,423
  • High Value: 581,353
  • Low Value: 215,492

    Market Valuation

  • Market Total Value: $66,200
  • Market Land Value: $12,300
  • Market Improvement Value: $53,900

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $16,550
  • Assessed Land Value: $3,075
  • Assessed Improvements Value: $13,475

    Sales

  • Current Sale Contract Date: Feb 08, 2023
  • Current Sale Recording Date: Feb 27, 2023
  • Current Sale Price:
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 24715
  • Previous Sale Recording Date: May 06, 2003
  • Previous Sale Amount: $54,900
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Morristown


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Frequently Asked Questions

When was property at 515 Franklin Lane built and last sold?
The property at 515 Franklin Lane was built in 1940 and last sold on Feb 8, 2023 for $50,000.
How much is this home worth?
The estimated value of the home located at 515 Franklin Lane is $199,829.
What are some comparable homes to 515 Franklin Lane?
There are currently no comparable homes to 515 Franklin Lane.