NOT LISTED FOR SALE

270 U S 25 E Newport, TN 37821

-- Bed
-- Bath
2,424 Sq Ft
1.3 Acres

Last Sold April 01, 2022

Last sale price $75,000 $31 Per Sq Ft

38 Days on Market

Highlights

  • Deck
  • Window Unit Cooling System
  • Ceiling Fan
  • Porch
  • Central Heating and Cooling System
  • Wood Siding

About This Home

As of April 2022

Unique multi-family property for sale in Newport. A 3 bedroom 1 bath farm house, 1.3 acres of land, and a 3 bedroom 2 bath double wide offered together. Live in 1 and rent out the other! Each house has public water and its own septic system. Doublewide is currently rented for $400/month. Roof on each home is approx 7 years old. Both homes are currently occupied. Doublewide is not on a permanent foundation. Great location on Hwy 25E. No drive-bys. This property cannot be financed; cash offers only. No owner financing. Please call agent to schedule showing.

Last Agent to Sell the Property

Amy Shrader

RE/MAX Real Estate Ten Midtown License #324868 Listed on: 09/25/2021

RE/MAX Real Estate Ten Midtown

Last Buyer's Agent

Michelle Hodges

Re/Max Real Estate Ten Midtown License #361594

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $585

Year Built

  • Built in 1957

Lot Details

  • 1.3 Acre Lot
  • Lot Dimensions are 171x229

Home Design

  • Shingle Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Basement
  • Crawl Space
  • Fire and Smoke Detector

Laundry

  • Laundry on main level
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Deck
  • Porch

Utilities

  • Window Unit Cooling System
  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 025.00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • Insurance Expense $500
  • Net Operating Income $3,815

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$585

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Carport Y N: No
  • Year Built: 1957
  • Property Sub Type: Multi Family
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.3
  • Lot Size: 171x229
  • Subdivision Name: n/a
  • Directions: From exit 8 take Hwy 25E South to Newport. Property on left before Industrial Rd.
  • Location Tax and Legal:Tax Annual Amount: 585.46
  • Location Tax and Legal:Parcel Number2: 025.00
  • General Property Information:Lot Size Acres: 1.3
  • General Property Information:Lot Size Dimensions: 171x229
  • Water Source:Public: Yes
  • General Property Information:Fireplace YN: No
  • General Property Information:Spa YN: No
  • General Property Information:Home Warranty YN: No
  • Laundry Features:Electric Dryer Hookup: Yes
  • Laundry Features:Washer Hookup: Yes
  • Roof:Shingle: Yes
  • General Property Information:Basement YN: Yes
  • Security Features:Smoke Detector(s): Yes
  • Gross Scheduled Income: 4800.0
  • Cooling:Central Air: Yes
  • Laundry Features:Main Level: Yes
  • Cooling:Window Unit(s): Yes
  • General Property Information:Number Of Units Total2: 2.0
  • General Property Information:Number Of Buildings2: 2.0
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Water Heater
  • Basement: Crawl Space
  • Interior Amenities: Ceiling Fan(s)
  • Number Of Buildings: 2
  • Private Spa: No
  • Basement YN: Yes
  • Fireplace: No
  • Basement:Crawl Space: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Appliances:Electric Water Heater: Yes

Exterior Features

  • Roof: Shingle
  • Exterior Features: None
  • Home Warranty: No
  • Construction Type: Vinyl Siding, Wood Siding
  • Patio And Porch Features: Deck, Porch
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Wood Siding: Yes
  • Patio And Porch Features:Porch: Yes
  • Exterior Features:None6: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air, Window Unit(s)
  • Heating: Central, Electric
  • Sewer: Septic Tank
  • Laundry Features: Electric Dryer Hookup, Main Level, Washer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public
  • Sewer Septic Tank: Yes
  • Heating:Central: Yes
  • Heating:Electric4: Yes

Lot Info

  • Lot Size Sq Ft: 56628.0
  • Parcel #: 025.00
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2
  • Income And Expenses Net Operating Income: 3815.0

Tax Info

  • Tax Annual Amount: 585.46
  • Tax Map Number: 046

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/01/2022 04/01/22 Sold $75,000 -31.8% $31 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
09/25/2021 09/25/21 For Sale $110,000 -- $45 / Sq Ft
Source: Lakeway Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Amy Shrader

    Seller's Agent in 2022

    Amy Shrader

    RE/MAX

    (423) 748-8811

    10 in this area

    505 Total Sales

    Amy Shrader
    Section Image
  • Michelle Hodges

    Buyer's Agent in 2022

    Michelle Hodges

    RE/MAX

    (423) 307-3980

    5 in this area

    233 Total Sales

    Michelle Hodges
    Section Image
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Map

Source: Lakeway Area Association of REALTORS®

MLS Number: 604108

Lakeway Area Association of REALTORS®
Tennessee Cocke County Newport 37821

270 U S 25 E, Newport, TN

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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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