NOT LISTED FOR SALE

1550 Valley Home Rd Morristown, TN 37813

Estimated Value: $296,000 - $599,000

2 Beds
3.5 Baths
3,098 Sq Ft
$151/Sq Ft Est. Value

Last Sold April 05, 2022

Last sale price $425,000 $137 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $2,692/month

79 Days on Market

Highlights

  • 11.27 Acre Lot
  • 2-Story Property
  • Bonus Room
  • Wooded Lot
  • Wood Flooring
  • Corner Lot

About This Home

As of April 2022

Beautiful home on 11 acres with creek!!! Located just outside of Morristown city limits. This home has a lot to offer; Open floor plan with pine plank flooring, large master bedroom with a walk-in closet on main and an additional master bedroom on upper with walk-in closet and balcony access, main level master bath features jetted tub and walk-in shower, mother-in-law suite in basement with private entrance, bonus room upstairs that could be used as a bedroom or office and a 2 car garage. Over 11 total acres with around 5 acres being pasture with a creek.

Last Agent to Sell the Property

BEN LOWE

Family Tree Realty License #344553 Listed on: 01/16/2022

Family Tree Realty

Last Buyer's Agent

Chad Kramer

Franklin Realty License #356455

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,092

Year Built

  • Built in 1985

Lot Details

  • 11.27 Acre Lot
  • Fenced
  • Corner Lot
  • Lot Has A Rolling Slope
  • Wooded Lot

Parking

  • 2 Car Garage

Home Design

  • 2-Story Property
  • Concrete Foundation
  • Block Foundation
  • Wood Siding

Interior Spaces

  • Ceiling Fan
  • Metal Fireplace
  • Wood Frame Window
  • Living Room
  • Den
  • Bonus Room
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite

Laundry

  • Laundry Room
  • Laundry on lower level
  • Washer and Electric Dryer Hookup

Finished Basement

  • Walk-Out Basement
  • Exterior Basement Entry
  • Block Basement Construction

Utilities

  • Cooling Available
  • Heating Available
  • Natural Gas Not Available
  • Private Water Source
  • Electric Water Heater
  • Septic Tank
  • Fiber Optics Available

Additional Features

  • Covered Patio or Porch
  • Horse or Livestock Barn

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number /
  • Tax Block /

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,092

Year Built

Built in 1985

Lot Details

0

Parking

2

Listing Details

  • Carport Y N: No
  • Year Built: 1985
  • Fencing: Fenced
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 11.27
  • Lot Size: 815/521/1223/536
  • Subdivision Name: n/a
  • Directions: Turn onto Valley Home Rd from Hwy 160 in Morristown. Home will be on right.
  • Above Grade Finished Sq Ft: 2448.0
  • Architectural Style: Ranch
  • New Construction: No
  • Location Tax and Legal:Tax Annual Amount: 1091.87
  • Location Tax and Legal:Tax Year2: 2020
  • Location Tax and Legal:Parcel Number2: /
  • Location Tax and Legal:Tax Block: /
  • General Property Information:Lot Size Acres: 11.27
  • General Property Information:Lot Size Dimensions: 815/521/1223/536
  • General Property Information:Waterfront YN: No
  • General Property Information:Bathrooms Half: 1
  • General Property Information:Living Area2: 3098.0
  • General Property Information:Above Grade Finished Area: 2448.0
  • General Property Information:Below Grade Finished Area: 650.0
  • General Property Information:New Construction YN: No
  • General Property Information:Fireplace YN: No
  • General Property Information:Spa YN: No
  • General Property Information:Home Warranty YN: No
  • Additional Dwelling:Additional Dwelling YN: No
  • Appliances Refrigerators: Yes
  • Architectural Style:Ranch: Yes
  • Foundation Details:Block3: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Laundry Features:Washer Hookup: Yes
  • Room Types:Basement3: Yes
  • Room Types:Living Room2: Yes
  • General Property Information:Basement YN: Yes
  • Levels:Two: Yes
  • Cooling:Electric: Yes
  • Room Types:Bonus Room: Yes
  • Utilities:Fiber Internet: Yes
  • Utilities:Natural Gas Not Available: Yes
  • Fencing:Fenced: Yes
  • Laundry Features:Main Level: Yes
  • Water Source:Private5: Yes
  • Room Types:Foyer: Yes
  • Laundry Features:Laundry Closet: Yes
  • Other Structures:Shed(s): Yes
  • Other Structures:Stock Barn(s): Yes
  • Room Types:Den2: Yes
  • Flooring:Wood: Yes
  • Laundry Features:Lower Level: Yes
  • Percent Basement Finished: Yes
  • Room Types:Laundry: Yes
  • Roof:Metal: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Wood
  • Appliances: Electric Oven, Electric Water Heater, Refrigerator
  • Basement: Block, Concrete, Exterior Entry, Finished, Walk-Out Access
  • Levels: Two
  • Interior Amenities: Ceiling Fan(s), In-Law Floorplan, Pantry, Walk-In Closet(s)
  • Private Spa: No
  • Other Equipment: TV Antenna
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 650.0
  • Fireplace Features: Metal
  • Fireplace: No
  • Living Area: 3098.0
  • Window Features: Wood Frames
  • Community Features:None4: Yes
  • Appliances:Electric Oven: Yes
  • Basement:Block: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Electric Water Heater: Yes
  • Basement:Exterior Entry: Yes
  • Basement:Walk-Out Access: Yes
  • Basement:Concrete: Yes
  • Interior Features:In-Law Floorplan: Yes

Exterior Features

  • Lot Features: Corner Lot, Rolling Slope, Wooded, Other
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Asphalt, Wood Siding
  • Foundation Details: Block
  • Other Structures: Shed(s), Stock Barn(s)
  • Patio And Porch Features: Covered, Porch
  • Construction Materials:Wood Siding: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Porch: Yes
  • Lot Features:Rolling Slope: Yes
  • Lot Features:Other21: Yes
  • Window Features:Wood Frames: Yes
  • Lot Features:Corner Lot: Yes
  • Lot Features:Wooded: Yes

Garage/Parking

  • Garage Yn: Yes
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Basement, Garage
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 2.0
  • Parking Features:Garage: Yes
  • General Property Information:Carport YN: No
  • Parking Features:Basement2: Yes
  • Parking Features:Asphalt: Yes

Utilities

  • Cooling: Electric
  • Heating: Electric
  • Sewer: Septic Tank
  • Laundry Features: Electric Dryer Hookup, Laundry Closet, Lower Level, Main Level, Washer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Natural Gas Not Available, Fiber Internet
  • Sewer Septic Tank: Yes
  • Heating:Electric4: Yes

Condo/Co-op/Association

  • Community Features: None
  • Amenities: Laundry
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Lot Size Sq Ft: 490921.2
  • Parcel #: /
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1091.87
  • Tax Block: /
  • Tax Map Number: 049
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2022
Closed on
Apr 5, 2022
Sold by
Lee Collins Gary and Lee Cynthia
Bought by
Turnbaugh Rhonda Sheryl and Turnbaugh Lewis Nelson
Seller's Agent
BEN LOWE
Family Tree Realty
Buyer's Agent
Chad Kramer
Franklin Realty
List Price
$424,900
Sold Price
$425,000
Premium/Discount to List
$100
0.02%
Current Estimated Value
$486,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,869
Avg. Annual Appreciation
2.68%
Original Mortgage
$403,750
Outstanding Balance
$379,673
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$88,715

Purchase Details

Closed on
Jan 1, 1984
Bought by
Collins Gary Lee and Collins Cynthia

Purchase Details

Closed on
Jul 6, 1983
Bought by
Collins Gary Lee and Collins Cynthia

Purchase Details

Closed on
Jan 2, 1982

Purchase Details

Closed on
Jan 1, 1982
Bought by
Trent B C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Turnbaugh Rhonda Sheryl $425,000 Jefferson Title
Collins Gary Lee -- --
Collins Gary Lee $20,800 --
-- -- --
Trent B C -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Turnbaugh Rhonda Sheryl $403,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/05/2022 04/05/22 Sold $425,000 0.0% $137 / Sq Ft
03/06/2022 03/06/22 Pending -- -- --
01/16/2022 01/16/22 For Sale $424,900 -- $137 / 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
2025 $1,670 $113,600 $23,550 $90,050
2024 $1,045 $53,025 $17,675 $35,350
2023 $1,045 $53,025 $0 $0
2022 $1,092 $55,425 $20,075 $35,350
2021 $1,092 $55,425 $20,075 $35,350
2020 $1,092 $55,425 $20,075 $35,350
2019 $1,088 $51,075 $20,075 $31,000
2018 $1,088 $51,075 $20,075 $31,000
2017 $1,088 $51,075 $20,075 $31,000
2016 $1,016 $51,075 $20,075 $31,000
2015 $945 $51,075 $20,075 $31,000
2014 -- $51,075 $20,075 $31,000
2013 -- $57,150 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • BEN LOWE

    Seller's Agent in 2022

    BEN LOWE

    Family Tree Realty

    (423) 258-3887

    18 in this area

    36 Total Sales

    BEN LOWE
    Section Image

  • C

    Buyer's Agent in 2022

    Chad Kramer

    Franklin Realty

    (865) 805-3246

    6 in this area

    34 Total Sales

    Chad Kramer
    Section Image
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Map

Source: Lakeway Area Association of REALTORS®

MLS Number: 605312

Lakeway Area Association of REALTORS®

APN: 049-016.02

Tennessee Hamblen County Morristown 37813

1550 Valley Home Rd, Morristown, TN

Not Listed for Sale

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