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Grainger 37861
585 Lester Whitt Rd
Photo of 585 Lester Whitt Rd
Sold on Aug 30, 2024

39

Map

Photo of 585 Lester Whitt Rd
Photo of 585 Lester Whitt Rd
$236,500
● House - Off Market

585 Lester Whitt Rd

Rutledge, TN 37861
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,644 Ft²
$1,292
Est. Monthly

About This Property

This property is the perfect home to get away and enjoy the outdoors. Come out and see the beautiful mountain views and countryside settings this house has to offer!

Seller is motivated and willing to work with buyers. This home located in the middle of Rutledge offering scenic views and a quiet, almost one acre lot that has a lot of potential and would be the ideal home for anyone looking for plenty of storage, privacy and room!
Unit Size
2,644 Ft²
Days on Market
43 days
Land Size
0.88 acres
Price per sqft
$94
Property Type
House
Property Taxes
$69
HOA Dues
-
Year Built
2001

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 4 months ago (Realtracs #RTC2828003)

Price History

Date / Event Date Event Price
Aug 30, 2024 Sold
Premium
Sold
Nov 13, 2023 Listed by eXp Realty $249,000
Listed by eXp Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2005
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 25
  • Interior Walls Type: 3
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 6
  • Basement Area: 1,316
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 38,333
  • Total Building Area: 1,328
  • Building Area: 1,328
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,328
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000880
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: DISTRICT: 01, COUNTY AREA: G01

Neighborhood

  • School District Name: Grainger County School District
  • Census Tract: 500302

Geography

  • Assessors Map Reference: 059
  • District: 01
  • Parcel: 029059 05002
  • Latitude: 36.2767
  • Longitude: -83.4852

    Address

  • Full Address: 585 Lester Whitt Rd
  • Address - House Number: 585
  • Address - Street Name: Lester Whitt
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Rutledge
  • Carrier Code: R005
  • 4-Digit Zip Code: 4752
  • Zip Code: 37861

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $83,100
  • Tax Rate Code Area: 29A00

    Appraisal Valuation

  • Standard Deviation: 0.1214
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 86
  • Final Value: 339,073
  • High Value: 380,264
  • Low Value: 297,883

    Market Valuation

  • Market Total Value: $141,400
  • Market Land Value: $8,200
  • Market Improvement Value: $133,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $35,350
  • Assessed Land Value: $2,050
  • Assessed Improvements Value: $33,300

    Sales

  • Current Sale Contract Date: Jun 28, 2019
  • Current Sale Recording Date: Jul 05, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 19005390
  • Previous Sale Recording Date: Aug 30, 2013
  • Previous Sale Contract Date: Aug 23, 2013
  • Previous Sale Amount: $61,950
  • Previous Sale Document Type: 68
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 Grainger

Stats & Trends

Median Asking:

$382,450

Sale Price/ft²

$228

Below Asking

0.01%

Average Days on Market

106

Average Home Size

2320 ft²

Average Home Age

25.6 years

Currently For Sale

75 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

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Realtracs

Listed by: Joshua Moore, eXp Realty
Last Updated: 4 months ago
Data Source: Realtracs, MLS# RTC2828003
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 585 Lester Whitt Road built and last sold?
The property at 585 Lester Whitt Road was built in 2001 and last sold on Jun 28, 2019 for $145,250.
How much is this home worth?
The estimated value of the home located at 585 Lester Whitt Road is $251,490.
What are some comparable homes to 585 Lester Whitt Road?
There are currently no comparable homes to 585 Lester Whitt Road.
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