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Hamblen 37814
533 Alpha Drive
$94,900
● House - Off Market

533 Alpha Drive

Morristown, TN 37814
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,025 Ft²
$505
Est. Monthly

About This Property

A brick fronted basement rancher with unfinished basement. Wood floors and new windows. Good size lot with a year old above ground pool.The original carport has been converted into large bright bonus room and could be used as an extra bedroom. Will not last long arrange a viewing
Unit Size
1,025 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$93
Property Type
House
Property Taxes
$39
HOA Dues
-
Year Built
1960

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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: 20 days ago (Realtracs #RTC3570545)

Price History

Date / Event Date Event Price
Jan 3, 2024 No longer available -
No longer available
Nov 30, 2023 In contract -
In contract
Nov 14, 2023 Price Decreased $232,000
↓ $7K (2.9%)
Price Decreased
Nov 10, 2023 Relisted $239,000
Relisted
Oct 29, 2023 In contract -
In contract
Show More

Property Highlights

Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1996
  • 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: 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: 864
  • Garage Type: 3
  • Garage Square Area: 192
  • Parking Space Count: 0
  • Patio Type: 68
  • Porch Type: 36
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,356,000
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 2,016
  • Gross Building Area: 2,016
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LINE MILBURN P FARM
  • Land Acres: 0000100000
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • State Land Use Code: C00
  • Legal Description 1: LINE MILBURN P FARM PB: 3 PG: 64 LOT: 3 100X200

Neighborhood

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

Geography

  • Assessors Map Reference: 047E
  • District: 02
  • Parcel: 047E-B-029.00
  • Lot: 3
  • Municipality: HAMBLEN COUNTY
  • Latitude: 36.1811
  • Longitude: -83.395

    Address

  • Full Address: 533 Alpha Dr
  • Address - House Number: 533
  • Address - Street Name: Alpha
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Morristown
  • Carrier Code: R012
  • 4-Digit Zip Code: 1376
  • Zip Code: 37814

Valuation

    Tax

  • Total Area: 864
  • Tax Year: 2023
  • Tax Amount: $49,800
  • Tax Rate Code Area: 32A00

    Appraisal Valuation

  • Standard Deviation: 0.136
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 84
  • Final Value: 231,149
  • High Value: 262,598
  • Low Value: 199,700

    Market Valuation

  • Market Total Value: $101,100
  • Market Land Value: $22,200
  • Market Improvement Value: $78,900

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $25,275
  • Assessed Land Value: $5,550
  • Assessed Improvements Value: $19,725

    Sales

  • Current Sale Contract Date: Dec 29, 2023
  • Current Sale Recording Date: Jan 02, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 32510
  • Previous Sale Recording Date: Dec 16, 2016
  • Previous Sale Contract Date: Dec 01, 2016
  • Previous Sale Amount: $92,000
  • 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 Hamblen

Stats & Trends

Median Asking:

$324,950

Sale Price/ft²

$183

Below Asking

0.02%

Average Days on Market

97

Average Home Size

2246 ft²

Average Home Age

36.5 years

Currently For Sale

81 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

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Realtracs

Listed by: Gina Kennedy, Action Real Estate, Inc.
Last Updated: 20 days ago
Data Source: Realtracs, MLS# RTC3570545
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 533 Alpha Drive built and last sold?
The property at 533 Alpha Drive was built in 1960 and last sold on Dec 29, 2023 for $222,000.
How much is this home worth?
The estimated value of the home located at 533 Alpha Drive is $233,162.
What are some comparable homes to 533 Alpha Drive?
There are currently no comparable homes to 533 Alpha Drive.
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