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Hamblen 37814
997 Tom Treece Road
Photo of 997 Tom Treece Road
Sold on Mar 21, 2025

19

Map

Photo of 997 Tom Treece Road
Photo of 997 Tom Treece Road
$124,500
● Mobile Manufactured - Off Market

997 Tom Treece Road

Morristown, TN 37814
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,135 Ft²
$681
Est. Monthly

About This Property

This property is an excellent opportunity for buyers seeking affordability, offering both low county taxes and a competitive purchase price. Spread across 3.65 acres, it features beautiful mountain views that enhance its appeal. The property includes a 2-bedroom, 2-bathroom mobile home, providing functional living space. Additionally, a barn offers extra storage or potential workspace, making this a practical choice for those looking for land at a reasonable price. Some of the information in this listing may have been obtained from a 3rd party and/or tax records and must be verified before assuming accuracy. Buyer(s) must verify all information.
Unit Size
1,135 Ft²
Days on Market
-
Land Size
3.65 acres
Price per sqft
$119
Property Type
Mobile Manufactured
Property Taxes
$19
HOA Dues
-
Year Built
1983

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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 #RTC3320442)

Price History

Date / Event Date Event Price
Mar 21, 2025 Sold
Premium
Sold
Feb 27, 2025 Listed by Greater Impact Realty Lakeway $134,900
Listed by Greater Impact Realty Lakeway

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 158,994
  • Total Building Area: 910
  • Gross Building Area: 910
  • Building Area: 910
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 910
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CLONCE J L FARM
  • Land Acres: 0000003650
  • Standard Land Use Code: 1006
  • County Land Use Code: MH2
  • State Land Use Code: C00
  • Mobile Home Indicator: T
  • Legal Description 1: CLONCE J L FARM PB: 2 PG: 3 LOT: 3

Neighborhood

  • School District Name: Hamblen County School District
  • Census Tract: 100500

Geography

  • Assessors Map Reference: 024
  • District: 02
  • Parcel: 024-037.00
  • Lot: 3
  • Municipality: HAMBLEN COUNTY
  • Latitude: 36.2514
  • Longitude: -83.3259

    Address

  • Full Address: 997 Tom Treece Rd
  • Address - House Number: 997
  • Address - Street Name: Tom Treece
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Morristown
  • Carrier Code: R018
  • 4-Digit Zip Code: 2021
  • Zip Code: 37814

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $22,200
  • Tax Rate Code Area: 32A00

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 390,120
  • High Value: 569,237
  • Low Value: 211,002

    Market Valuation

  • Market Total Value: $45,000
  • Market Land Value: $37,000
  • Market Improvement Value: $8,000

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $11,250
  • Assessed Land Value: $9,250
  • Assessed Improvements Value: $2,000

    Sales

  • Current Sale Recording Date: Sep 25, 1996
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 14, 1986
  • Previous Sale Amount: $5,500
  • 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:

$325,000

Sale Price/ft²

$190

Below Asking

0.02%

Average Days on Market

95

Average Home Size

2219 ft²

Average Home Age

38.6 years

Currently For Sale

89 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: Ben Cantwell, Greater Impact Realty Lakeway
Last Updated: 4 months ago
Data Source: Realtracs, MLS# RTC3320442
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 997 Tom Treece Road built and last sold?
The property at 997 Tom Treece Road was built in 1983 and last sold on Jan 1, 1970 for $33,000.
How much is this home worth?
The estimated value of the home located at 997 Tom Treece Road is $140,692.
What are some comparable homes to 997 Tom Treece Road?
There are currently no comparable homes to 997 Tom Treece Road.
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