NOT LISTED FOR SALE

1518 Old Oak Ln Morristown, TN 37814

Estimated Value: $289,667 - $340,000

-- Bed
4 Baths
2,513 Sq Ft
$122/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $160,000 $64 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $1,693/month

367 Days on Market

Highlights

  • Deck
  • Laundry Room
  • Heat Pump System
  • Cooling Available
  • Ceiling Fan

About This Home

As of August 2019

2 Story duplex for great investment opportunity. Live in one side and lease out the other! The roof was just replaced. The windows are new. The left side just installed a new heat pump (10/18). Walk in closets, decks and trim newly painted. Interior painted. Appliances are stainless, new laminate flooring and carpet in left side. Each side offers 2 bedroom, 1.5 bath. Main level garage plus a private storage basement access. Located in desirable West Hamblen Co. Great rental history. Super neat and clean. Right side has long term renter.

Last Agent to Sell the Property

GRETA CLARK

CASTLE & ASSOCIATES REAL ESTATE License #271556 Listed on: 07/30/2018

Last Buyer's Agent

Corrina Ashe

Tellico Mountain Realty, LLC License #282253

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,005

Year Built

  • Built in 1997

Lot Details

  • 1.54

Home Design

  • Duplex
  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Kitchen

  • Electric Range
  • Range Hood
  • Dishwasher

Laundry

  • Laundry Room
  • Laundry on main level

Unfinished Basement

  • Walk-Out Basement
  • Block Basement Construction

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Additional Features

  • Ceiling Fan
  • Deck
  • 1.54 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 032

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,005

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Carport Y N: No
  • Year Built: 1997
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.54
  • Lot Size: 0/0/0/0
  • Subdivision Name: Other
  • Directions: 11E to Central Church Road, go past church stay left on Central Church Road, right on Old Oak Lane.
  • Location Tax and Legal:Tax Annual Amount: 1004.51
  • Location Tax and Legal:Parcel Number2: 032
  • General Property Information:Lot Size Acres: 1.54
  • General Property Information:Lot Size Dimensions: 0/0/0/0
  • Water Source:Public: Yes
  • General Property Information:Fireplace YN: No
  • General Property Information:Spa YN: No
  • General Property Information:Home Warranty YN: No
  • Appliances Refrigerators: Yes
  • Cooling:Heat Pump: Yes
  • Foundation Details:Block3: Yes
  • Roof:Shingle: Yes
  • General Property Information:Basement YN: Yes
  • Gross Scheduled Income: 18000.0
  • Laundry Features:Laundry Room: Yes
  • Laundry Features:Main Level: Yes
  • General Property Information:Number Of Buildings2: 1.0
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Range Hood, Refrigerator
  • Basement: Block, Unfinished, Walk-Out Access
  • Interior Amenities: Ceiling Fan(s)
  • Number Of Buildings: 1
  • Private Spa: No
  • Basement YN: Yes
  • Fireplace: No
  • Appliances Dishwasher: Yes
  • Appliances:Electric Oven: Yes
  • Appliances:Electric Range: Yes
  • Basement:Block: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Appliances:Range Hood: Yes
  • Appliances:Electric Water Heater: Yes
  • Basement:Walk-Out Access: Yes
  • Basement:Unfinished: Yes

Exterior Features

  • Roof: Shingle
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Block
  • Patio And Porch Features: Deck
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Deck2: Yes

Garage/Parking

  • Parking Features: Concrete
  • Parking Features:Concrete4: Yes
  • General Property Information:Carport YN: No
  • Unit 1:Garage YN3: No
  • Unit 2:Garage YN4: Yes
  • Unit 3:Garage YN5: No
  • Unit 4:Garage YN6: No

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Sewer: Septic Tank
  • Laundry Features: Laundry Room, Main Level
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes

Lot Info

  • Lot Size Sq Ft: 67082.4
  • Parcel #: 032
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1004.51
  • Tax Map Number: 032

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2018
Closed on
Aug 30, 2019
Sold by
Farmer Raymond M and Farmer Valerie
Bought by
Rippetoe Joshua and Rippetoe Holly
Seller's Agent
GRETA CLARK
CASTLE & ASSOCIATES REAL ESTATE
Buyer's Agent
Corrina Ashe
Tellico Mountain Realty, LLC
List Price
$184,900
Sold Price
$160,000
Premium/Discount to List
-$24,900
-13.47%
Current Estimated Value
$300,939

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,939
Avg. Annual Appreciation
10.32%
Original Mortgage
$128,000
Outstanding Balance
$101,186
Interest Rate
3.7%
Mortgage Type
Unknown
Estimated Equity
$186,441

Purchase Details

Closed on
Feb 9, 1998
Sold by
Dwayne Cook and Dwayne Jack Cook
Bought by
Bell Anthony

Purchase Details

Closed on
Sep 3, 1996
Bought by
Cook Dwayne and Cook Jack

Purchase Details

Closed on
Dec 23, 1968
Bought by
Carey Dan and Carey Cecil

Purchase Details

Closed on
Jun 14, 1968
Bought by
Carey Dan and Carey Cecil
Source: Public Records

Range of Values:

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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
Rippetoe Joshua $160,000 Colonial Title Group Inc
Bell Anthony $140,000 --
Cook Dwayne $57,200 --
Carey Dan -- --
Carey Dan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rippetoe Joshua $128,000
Previous Owner Farmer Raymond M $127,500
Previous Owner Jack Cook $101,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2019 08/30/19 Sold $160,000 -13.5% $64 / Sq Ft
08/01/2019 08/01/19 Pending -- -- --
07/30/2018 07/30/18 For Sale $184,900 -- $74 / Sq Ft
Source: Lakeway Area Association of REALTORS®

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 $1,150 $58,400 $9,920 $48,480
2023 $1,150 $58,400 $0 $0
2022 $1,150 $58,400 $9,920 $48,480
2021 $1,150 $58,400 $9,920 $48,480
2020 $1,150 $58,400 $9,920 $48,480
2019 $1,005 $47,160 $9,920 $37,240
2018 $1,005 $47,160 $9,920 $37,240
2017 $1,005 $47,160 $9,920 $37,240
2016 $938 $47,160 $9,920 $37,240
2015 $872 $47,160 $9,920 $37,240
2014 -- $47,160 $9,920 $37,240
2013 -- $55,560 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • GRETA CLARK

    Seller's Agent in 2019

    GRETA CLARK

    CASTLE & ASSOCIATES REAL ESTATE

    (423) 312-1888

    135 Total Sales

    Section Image

  • C

    Buyer's Agent in 2019

    Corrina Ashe

    Tellico Mountain Realty, LLC

    Section Image
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Map

Source: Lakeway Area Association of REALTORS®

MLS Number: 579588

Lakeway Area Association of REALTORS®

APN: 032-116.01

Tennessee Hamblen County Morristown 37814

1518 Old Oak Ln, Morristown, TN

This home is located at 1518 Old Oak Ln, Morristown, TN 37814 since 30 July 2018 and is currently estimated at $306,889, approximately $122 per square foot. This property was built in 1997. 1518 Old Oak Ln is a home located in Hamblen County with nearby schools including Manley Elementary School, West View Middle School, and Morristown West High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Lakeway Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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