2482 Elk Way Newport, TN 37821
Estimated payment $4,202/month
Highlights
- 1.93 Acre Lot
- Traditional Architecture
- Carpet
- Mountain View
- Wood Siding
- Heating Available
About This Home
We guarantee the sale of your home or we will buy it! This property comes with $22,000+ in savings, guaranteed! We offer a stress free move that can happen immediately. If you are not completely satisfied with your investment at 24 months, we'll buy it back or sell it absolutely free-no questions asked. That's a $16,000+ value to our VIP buyers! We can even buy your current home so you can move in right away, so you don't get stuck owning two homes. Contact us today for a complimentary consultation and to get started.**********************************************************************************Incredible investment opportunity with panoramic Smoky Mountain views! This unique property offers multiple income streams and nearly 2 acres of land. Included is a spacious 3-bedroom, 4-bath main home plus a fully-rented tri-plex with three 1-bedroom units. Each offering 1,136 sq. ft. of living space. Projected rental income for all four units totals at least $5,500 per month. The main home, built in 1984, offers approximately 2,350 sq. ft., a fenced yard perfect for pets, a brand-new back deck, and a new roof. It also features a 2-car attached garage and plenty of outdoor space for entertaining or relaxing with guests. Each townhome in the tri-plex has been updated with a new HVAC system and new roof. All four units are separately metered for water and electricity, making management simple. Whether you choose to live in the main house and manage the rentals next door, or rent them all out, this property offers flexibility and strong cash flow in a high-demand area.*********************************************************************************** Contact us today to get more information about this exclusive offer! Our properties include a 12-month limited home warranty ($660) value, $2,500 lender credit for qualifying buyers using our preferred lender, Free appraisal for qualifying buyers using our preferred lender, $300 title attorney credit, and $100 home inspection credit with our preferred vendor for our VIP buyers.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,139
Year Built
- Built in 1984
Parking
- 2 Car Garage
Home Design
- Traditional Architecture
- Frame Construction
- Wood Siding
- Vinyl Siding
Interior Spaces
- 5,758 Sq Ft Home
- Mountain Views
Kitchen
- Oven
- Dishwasher
Flooring
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 7 Full Bathrooms
Additional Features
- 1.93 Acre Lot
- Heating Available
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2023 | $2,003 | $78,240 | $0 | $78,240 |
| 2022 | $2,007 | $78,240 | $0 | $78,240 |
| 2021 | $2,007 | $78,240 | $0 | $78,240 |
| 2020 | $1,730 | $78,240 | $0 | $78,240 |
| 2019 | $1,730 | $61,120 | $0 | $61,120 |
| 2018 | $1,730 | $61,120 | $0 | $61,120 |
| 2017 | $1,772 | $61,120 | $0 | $61,120 |
| 2016 | $1,581 | $61,120 | $0 | $61,120 |
| 2015 | $1,596 | $61,120 | $0 | $61,120 |
| 2014 | $1,596 | $61,120 | $0 | $61,120 |
| 2013 | $1,596 | $66,520 | $0 | $66,520 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/12/2025 05/12/25 | For Sale | $724,999 | -- | $126 / Sq Ft |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $200,010 | Credit Line Revolving |
Source: NY State MLS
MLS Number: 11494851
APN: 015083 03905 001
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