NOT LISTED FOR SALE

1490 Finchum Rd Newport, TN 37821

Estimated Value: $194,375 - $231,000

2.68 Acres
$80,166 Price per Acre
116,741 Sq Ft Lot

Last Sold May 07, 2024

Last sale price $195,000

Est. 10% increase in value since last sale

Current estimated payment $1,190/month

27 Days on Market

Highlights

  • RV Access or Parking
  • Mountain View
  • Lot Has A Rolling Slope
  • 2.68 Acre Lot
  • Wooded Lot

About This Lot

As of May 2024

Welcome to your slice of paradise in Newport, Tennessee! Nestled in the serene foothills of the Smoky Mountains, this 2.68-acre property offers the perfect blend of natural beauty and convenience. Property has large rhododendrons and 100+ yr old hardwood trees.

Your new ''home-base'' features a cozy studio style accessory building & a camper with a custom covered deck to enjoy those tranquil mountain views. Features include: 19 gallon water heater, 2x8 rafters in both structures, antique finishes in studio, and full masonry foundation on the studio. The property offers a season creek and 1/3 mile nature trail!

Whether you're seeking a weekend retreat or a permanent residence, this property has the potential for it all.

Utilities are already in place, including water, electricity, and a septic tank, making it easy to settle in and start living your dream. Plus, a circular packed gravel driveway ensures easy access year-round. The RV pad and potential house site has water supply in place.

But that's not all - this property is bursting with potential! With a cleared spot ready for your imagination, the possibilities are endless. Build your dream home, create an outdoor firepit area for entertaining under the stars, or let your creativity run wild with whatever else you can dream up. The property offers the very sought after 'southern exposure'. The current seller has outlined where a house seat could go with some stacked cinder block (to create a visual). Neighborhood homes are in the $500k range.

And when it's time to explore, you'll find yourself just a short drive away from a wealth of attractions. Spend the day at Dollywood, explore the charming streets of Gatlinburg, or enjoy outdoor adventures like hiking, horseback riding, and water sports. Asheville, North Caroline is only a 1 hour drive from this location! And with Douglas Lake just a stone's throw away, the possibilities for adventure are endless.

Need to stock up on supplies? No problem - this property is conveniently located just 5 minutes from Lowe's, Walmart, and other shopping and dining options, ensuring that you have everything you need right at your fingertips.

Don't miss your chance to make this incredible property your own. With its unbeatable location, stunning views, and endless potential, it won't last long. Schedule your showing today!

Last Agent to Sell the Property

Dawn Queener

Walker Realty Group, LLC License #331557 Listed on: 03/07/2024

Co-Listed By

Whitney Walker-McGhee

Walker Realty Group, LLC License #347236

Last Buyer's Agent

Christina Stump

ReMax Real Estate Ten License #365181

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $239

Lot Details

  • 2.68 Acre Lot
  • Property fronts a county road
  • Rural Setting
  • Lot Has A Rolling Slope
  • Cleared Lot
  • Wooded Lot
  • Finished Lot(s)
  • Zoning described as Other, Zoned Residential

Property Views

  • Mountain
  • Countryside Views
  • Seasonal

Parking

  • Driveway
  • RV Access or Parking

Utilities

  • Septic System

Listing and Financial Details

  • Assessor Parcel Number 064 077.24

Property Details

Property Type

Land

Est. Annual Taxes

$239

Lot Details

0

Listing Details

  • Directions: Highway 321 past Lowe's. Turn right onto English Mountain Road, Right onto Finchum Road. Property is on Right... sign in yard.
  • Prop. Type: Lots & Acreage
  • Lot Size Acres: 2.68
  • Lot Size: 110x960xIRR
  • Co List Office Mls Id: 2196
  • Co List Office Phone: 865-240-3647
  • Topography:Rolling: Yes
  • Improvements:Utilities on Site: Yes
  • Lot Description:Rolling Slope: Yes
  • Lot Description:Wooded: Yes
  • Utilities Available:Electricity4: Yes
  • Utilities Available:Water5: Yes
  • General Property Description:Lot Size SqFt: 116740.0
  • Property Sub-Type:Rural: Yes
  • Road Frontage:County4: Yes
  • Topography:Partially Cleared: Yes
  • Improvements:Driveway3: Yes
  • Improvements:Septic Installed: Yes
  • View:Seasonal Mountain: Yes
  • Utilities Available:RV Hookup: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Country Setting, Seasonal Mountain
  • Lot Features: Rolling, Wooded, Rolling Slope
  • Topography: {"Partially Cleared":true}

Garage/Parking

  • Attached Garage: No
  • Parking Features: RV Access/Parking
  • Improvements:RV Parking2: Yes

Lot Info

  • Lot Size Sq Ft: 116740.0
  • Parcel #: 064 077.24
  • Zoning Description: Other, Zoned Residential
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2024
Closed on
May 7, 2024
Sold by
Crockett David J
Bought by
Bullock Luther Dale
Seller's Agent
Dawn Queener
Walker Realty Group, LLC
Buyer's Agent
Christina Stump
ReMax Real Estate Ten
List Price
$233,000
Sold Price
$195,000
Premium/Discount to List
-$38,000
-16.31%
Views
55
Current Estimated Value
$214,844

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,844
Avg. Annual Appreciation
6.13%

Purchase Details

Listed on
Nov 4, 2022
Closed on
Jan 10, 2023
Sold by
Hoffman Linda R
Bought by
Crockett David J
Seller's Agent
Kristie Suggs
Scenic Realty
Buyer's Agent
IAN CULLEN
Tennessee Valley Appraisal Services
List Price
$59,900
Sold Price
$52,000
Premium/Discount to List
-$7,900
-13.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
172.19%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Bullock Luther Dale $195,000 Blue Ridge Title
Crockett David J $52,000 Premier Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2024 05/07/24 Sold $195,000 -1.5% --
04/04/2024 04/04/24 Pending -- -- --
03/15/2024 03/15/24 Price Changed $198,000 -15.0% --
03/07/2024 03/07/24 For Sale $233,000 +348.1% --
01/10/2023 01/10/23 Sold $52,000 -13.2% --
12/11/2022 12/11/22 Pending -- -- --
11/04/2022 11/04/22 For Sale $59,900 -- --
Source: East Tennessee REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $239 $9,350 $5,075 $4,275
2023 $239 $5,075 $5,075 $0
2022 $130 $5,075 $5,075 $0
2021 $0 $5,075 $5,075 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1254979

East Tennessee REALTORS® MLS

APN: 015064 07724