NOT LISTED FOR SALE

198 Morgan Way Erwin, TN 37650

Estimated Value: $580,000 - $686,477

3 Beds
3 Baths
3,802 Sq Ft
$169/Sq Ft Est. Value

Last Sold July 03, 2018

Last sale price $302,000 $79 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $3,679/month

131 Days on Market

Highlights

  • Second Kitchen
  • Wooded Lot
  • Bonus Room
  • Mountain View
  • Wood Flooring
  • Screened Porch

About This Home

As of July 2018

If privacy is what you want, you will love this property. This three bedroom three bath cabin sits on 19.58 ACRES surrounded by other large parcels consisting of 446 acres and another consisting of 331 acres. It has a 900 foot driveway and is surrounded by woods with the utilities located underground. You will also love the mountain view in the winter time. If you like the outdoors, you will enjoy entertaining guest on the expansive side screened porch and rocking chair front porch. As you enter this house, it will take your breath away with large cathedral wood ceilings and beams, open floor plan and beautiful stone wood burning fire place. There is a bedroom on each floor of this house. The laundry room is on the main floor and can also be accessed from the exterior of the home from the back porch. The entire second floor is open to the first floor with metal balusters and hand-railing that overlooks the great room. The second floor is currently being used as a third bedroom with a full bath and office. The downstairs has a one car drive under, bonus room, second eat-in kitchen, guest bedroom and another full bath. This property is within an hour's drive to Wolf Laurel Ski Resort and is located in the Mountains of East Tennessee.

Last Agent to Sell the Property

Tammie McCain

Mountain Aire Realty, LLC License #319936 Listed on: 01/10/2018

Co-Listed By

Brian McCain

Mountain Aire Realty, LLC License #342899

Last Buyer's Agent

CONNIE YOUNG

NON-MEMBER License #303526

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,223

Year Built

  • Built in 2005

Lot Details

  • 19.58 Acre Lot
  • Sloped Lot
  • Wooded Lot
  • Property is in average condition

Parking

  • 1 Car Attached Garage
  • Gravel Driveway

Home Design

  • Cabin
  • Wood Walls
  • Metal Roof
  • Wood Siding
  • Stone Veneer

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Insulated Windows
  • Great Room with Fireplace
  • Combination Kitchen and Dining Room
  • Bonus Room
  • Screened Porch
  • Mountain Views
  • Washer and Electric Dryer Hookup

Kitchen

  • Second Kitchen
  • Cooktop
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Outdoor Features

  • Patio

Schools

  • Temple Hill Elementary School
  • Unicoi Co Middle School
  • Unicoi Co High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Propane
  • Heating System Uses Wood
  • Well
  • Septic Tank

Community Details

  • FHA/VA Approved Complex

Listing and Financial Details

  • Assessor Parcel Number 044.03

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,223

Year Built

Built in 2005

Lot Details

0

Parking

1

Listing Details

  • Directions: (For GPS use 150 Gentry Mountain Rd) From I26, turn onto Exit 43, turn R onto Old Asheville Hwy/US-19W. Go 1.10 miles. Turn slight L onto Spivey Mountain. Go 1.42 miles. Turn slight R onto Tilson Mountain Rd. 1st L onto Coffee Ridge Rd. Go 2.18 Miles. R on Gentry. Go .33 miles. Morgan Way on R.
  • Prop. Type: Residential
  • Year Built: 2005
  • Garage Garage Spaces: 1
  • Property Sub Type: Single Family Residence
  • Co List Office Mls Id: 378
  • Co List Office Phone: 423-543-4663
  • Architectural Style: Cabin
  • Unit Levels: Two
  • New Construction: No
  • Reso Structure Type: House
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 19.58
  • General Property Description Zoning2: Residential
  • General Property Description Elementary School3: Temple Hill
  • General Property Description Middle School2: Unicoi Co
  • General Property Description High School3: Unicoi Co
  • General Property Description Lot Dimensions: See Acres
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 3802.0
  • General Property Description Above Grade SqFt: 2584.0
  • AC Central Air: Yes
  • Flooring Hardwood: Yes
  • Flooring Tile2: Yes
  • General Property Description Parcel ID2: 044.03
  • General Property Description # Fireplaces: 1
  • Financing FHA: Yes
  • General Property Description Stories2: 2
  • Interior Features KitchenDining Combo: Yes
  • View Mountain(s): Yes
  • TopographyLot Description Sloped: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Carpet: Yes
  • Fireplace Great Room: Yes
  • Other Rooms Bonus Room3: Yes
  • Roof Metal3: Yes
  • Property Condition Average: Yes
  • Walls Wood3: Yes
  • Heating Propane3: Yes
  • TopographyLot Description Wooded: Yes
  • Levels:Two: Yes
  • Structure Type:House: Yes
  • Other Rooms 2nd Kitchen: Yes
  • Special Features: None

Interior Features

  • Appliances: Cooktop
  • Has Basement: Exterior Entry, Full, Interior Entry, Partially Finished
  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Kitchen/Dining Combo, Laminate Counters
  • Window Features: Double Pane Windows, Insulated Windows
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1218.0
  • Fireplace Features: Great Room
  • Fireplaces: 1
  • Total Bedrooms: 8
  • General Property Description Baths - Full: 3
  • Interior Features:Laminate Counters: Yes
  • Basement:Exterior Entry: Yes
  • Basement:Interior Entry: Yes
  • Basement:Partially Finished: Yes
  • Appliances:Cooktop: Yes
  • Full Basement: Yes

Exterior Features

  • Property Condition: Average
  • Roof: Metal
  • View: Mountain(s)
  • Acres: 19.58
  • Topography: Sloped, Wooded
  • Home Warranty: No
  • Construction Type: Stone Veneer, Wood Siding
  • Patio And Porch Features: Covered, Front Patio, Front Porch, Porch, Screened, Side Porch
  • Exterior Finish Wood Siding: Yes
  • Window Features:Double Pane Windows: Yes
  • Window Features:Insulated Windows: Yes
  • PorchPatioDeck Covered: Yes
  • PorchPatioDeck Front Patio: Yes
  • PorchPatioDeck Front Porch: Yes
  • PorchPatioDeck Porch: Yes
  • Exterior Finish Stone Veneer: Yes
  • PorchPatioDeck Screened: Yes
  • PorchPatioDeck Side Porch: Yes

Garage/Parking

  • Parking Features: Attached, Gravel
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features:Gravel: Yes
  • Parking Features:Attached: Yes

Utilities

  • Heating: Central, Fireplace(s), Propane, Wood
  • Sewer: Septic Tank
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Central: Yes
  • Heating:Fireplace(s): Yes
  • Sewer Septic Tank: Yes
  • Heating:Wood: Yes
  • Water Well: Yes

Schools

  • Elementary School: Temple Hill
  • High School: Unicoi Co
  • Middle Or Junior School: Unicoi Co

Lot Info

  • Zoning: Residential
  • Lot Dimensions: See Acres
  • Lot Size Sq Ft: 852904.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 044.03
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Book Number: 395

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2018
Closed on
Jul 3, 2018
Sold by
Morgan Catherine A
Bought by
Kerr Joseph W and Kerr Pamela A
Seller's Agent
Tammie McCain
Mountain Aire Realty, LLC
Buyer's Agent
CONNIE YOUNG
NON-MEMBER
List Price
$310,000
Sold Price
$302,000
Premium/Discount to List
-$8,000
-2.58%
Current Estimated Value
$641,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$339,369
Avg. Annual Appreciation
11.11%
Original Mortgage
$311,966
Interest Rate
4.6%
Mortgage Type
VA

Purchase Details

Closed on
Jun 22, 2016
Sold by
Morgan James A
Bought by
Morgan Catherine A

Purchase Details

Closed on
Aug 23, 2005
Sold by
Morgan James A
Bought by
Kenneth Shell

Purchase Details

Closed on
Oct 14, 2004
Sold by
Edwards James Grady
Bought by
Morgan James A
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
Kerr Joseph W $302,000 Reliable Title & Escrow Llc
Morgan Catherine A -- --
Kenneth Shell $7,500 --
Morgan James A $42,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kerr Joseph W $314,029
Closed Kerr Joseph W $311,966
Previous Owner Morgan Catherine A $182,500
Previous Owner Morgan James A $189,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2018 07/03/18 Sold $302,000 -2.6% $79 / Sq Ft
05/22/2018 05/22/18 Pending -- -- --
01/10/2018 01/10/18 For Sale $310,000 -- $82 / Sq Ft
Source: Tennessee/Virginia Regional 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 $2,223 $85,150 $17,550 $67,600
2023 $2,223 $85,150 $0 $0
2022 $2,001 $85,150 $17,550 $67,600
2021 $2,024 $70,925 $10,175 $60,750
2020 $1,903 $70,925 $10,175 $60,750
2019 $1,903 $70,925 $10,175 $60,750
2018 $1,903 $70,925 $10,175 $60,750
2017 $1,903 $70,925 $10,175 $60,750
2016 $1,698 $63,250 $10,400 $52,850
2015 $2,380 $63,250 $0 $0
2014 $2,380 $63,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 401162

Tennessee/Virginia Regional MLS

APN: 060-04403-000