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Dandridge 37725
720 Garrett Rd
Photo of 720 Garrett Rd

20

Map

Photo of 720 Garrett Rd
Photo of 720 Garrett Rd
$79,900
● Land - Off Market

720 Garrett Rd

Dandridge, TN 37725
bedrooms
Studio
bathrooms
0 Bath
$407
Est. Monthly

About This Property

Lot situated just off Lakeshore Drive on Garrett Road. Easy access to town; Five minutes to stop light. Lake privileges through common park area with boat ramp and parking. Not a public park-For property owners of Mountain View S/D only. A two story home would give great views of the Smokies sunrise to sunset. Very calming! 12x20' she-shed/storage building on lot at discretion of buyer. 700+/- Feet to ramp from the Lot. Smoky Mountains 30 minutes away.
Unit Size
-
Days on Market
-
Land Size
0.38 acres
Price per sqft
-
Property Type
Land
Property Taxes
$14
HOA Dues
-
Year Built
-

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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: 2 months ago (Realtracs #RTC3537527)

Price History

Date / Event Date Event Price
Oct 16, 2023 Sold
Premium
Sold
Nov 3, 2021 Listed by Franklin Realty Inc $59,900
Listed by Franklin Realty Inc
Lot situated just off Lakeshore Drive on Garrett Road. Easy access to town; Five minutes to stop light. Lake privileges through common park area with boat ramp and parking. Not a public park-For property owners of Mountain View S/D only. A two story home would give great views of the Smokies sunrise to sunset. Very calming! 12x20' she-shed/storage building on lot at discretion of buyer. 700+/- Feet to ramp from the Lot. Smoky Mountains 30 minutes away.

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,696
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: JAMES F WEST
  • Land Acres: 0000000383
  • Standard Land Use Code: 8001
  • County Land Use Code: 00-V
  • State Land Use Code: C00
  • Legal Description 1: JAMES F WEST PB: D PG: 83 LOT: 02

Neighborhood

  • School District Name: Jefferson County School District
  • School Tax School District: 45186
  • Census Tract: 070702

Geography

  • Assessors Map Reference: 069H
  • District: 01
  • Parcel: 069H-B-005.01
  • Lot: 2
  • Municipality: DANDRIDGE
  • Latitude: 36.0252
  • Longitude: -83.3947

    Address

  • Full Address: 720 Garrett Rd
  • Address - House Number: 720
  • Address - Street Name: Garrett
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Dandridge
  • Carrier Code: R012
  • 4-Digit Zip Code: 4930
  • Zip Code: 37725

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $17,000
  • Tax Rate Code Area: 45A02

    Market Valuation

  • Market Total Value: $22,000
  • Market Land Value: $22,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $5,500
  • Assessed Land Value: $5,500

    Sales

  • Current Sale Contract Date: Oct 16, 2023
  • Current Sale Recording Date: Oct 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 7762
  • Previous Sale Recording Date: Aug 13, 2021
  • Previous Sale Contract Date: Aug 13, 2021
  • Previous Sale Amount: $50,000
  • 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 Dandridge

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$219

Below Asking

0.02%

Average Days on Market

71

Average Home Size

2537 ft²

Average Home Age

43.9 years

Currently For Sale

23 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: Tammy Franklin, Franklin Realty Inc
Last Updated: 2 months ago
Data Source: Realtracs, MLS# RTC3537527
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 720 Garrett Road built and last sold?
The property at 720 Garrett Road was built in and last sold on Oct 16, 2023 for $55,000.
How much is this home worth?
The estimated value of the home located at 720 Garrett Road is $60,499.
What are some comparable homes to 720 Garrett Road?
There are currently no comparable homes to 720 Garrett Road.
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