NOT LISTED FOR SALE

4050 Sublett Rd Morristown, TN 37813

Estimated Value: $521,000 - $776,000

92 Acres
$7,318 Price per Acre
4,007,520 Sq Ft Lot

Last Sold January 10, 2022

Last sale price $580,000 $240 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,651/month

59 Days on Market

Highlights

  • Barn
  • 92 Acre Lot
  • Creek On Lot
  • Waterfront
  • Mountain View
  • Wooded Lot

About This Lot

As of January 2022

THIS IS AN AMAZING OPPORTUNITY TO OWN A HUGE 90+ ACRE FARM WITH A HOME! THIS PROPERTY HAS CLOSE TO 10 OUT BUILDINGS/ BARNS INCLUDING LIVESTOCK, HAY STORAGE AND TRACTOR SHED. THERE IS ALSO A BEAUTIFUL CREEK ON THE PROPERTY. THIS IS A RARE FIND AND WILL NOT LAST LONG ON THE MARKET! THIS WILL BE AN ABSOLUTE AUCTION WITH NO MINIMUM AND NO RESERVES!

Last Agent to Sell the Property

ZACH PHILLIPS

ProTeam Real Estate License #350669 Listed on: 09/15/2021

ProTeam Real Estate

Last Buyer's Agent

ZACH PHILLIPS

ProTeam Real Estate License #350669 Listed on: 09/15/2021

ProTeam Real Estate

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,500

Lot Details

  • 92 Acre Lot
  • Waterfront
  • Fenced
  • Irregular Lot
  • Lot Has A Rolling Slope
  • Cleared Lot
  • Wooded Lot

Utilities

  • Septic Tank
  • Internet Available

Additional Features

  • Mountain Views
  • City Lot
  • Barn
  • Mobile Home Allowed

Listing and Financial Details

  • Auction
  • Assessor Parcel Number 116.00

Community Details

Overview

  • No Home Owners Association
  • Greenbelt

Recreation

  • Creek On Lot

Property Details

Property Type

Land

Est. Annual Taxes

$1,500

Lot Details

92 Acres

Listing Details

  • Possible Use: Commercial, Farm, Industrial, Livestock, Manufactured Home, Multi-Family, Residential, Single Family, Subdevelopment
  • Fencing: Fenced
  • Property Sub Type: Farm
  • Prop. Type: Land
  • Lot Size Acres: 92.0
  • Lot Size: 25/56/45/89
  • Water Body Name: Other
  • Subdivision Name: Other
  • Directions: IF COMING FROM WHITE PINE TN TURN ON SUBLETT ROAD AND DRIVE FOR CLOSE TO A MILE AND YOU WILL ARRIVE AT THE PROPERTY ON THE LEFT
  • Location Tax and Legal:Tax Annual Amount: 1500.0
  • Location Tax and Legal:Tax Year2: 2020
  • Location Tax and Legal:Parcel Number2: 116.00
  • General Property Information:Lot Size Acres: 92.0
  • General Property Information:Lot Size Dimensions: 25/56/45/89
  • General Property Information:Waterfront YN: Yes
  • Utilities:Electricity Available: Yes
  • Mobile Home Allowed:Mobile Home Allowed: Yes
  • View:Mountain(s): Yes
  • Utilities:Other Internet: Yes
  • Fencing:Fenced: Yes
  • Other Structures:Barn(s): Yes
  • Utilities:Satellite Internet: Yes
  • Utilities:Water Available: Yes
  • Special Listing Conditions:Auction: Yes
  • Special Features: 4160

Exterior Features

  • Lot Features: City Lot, Cleared, Gentle Sloping, Greenbelt, Irregular Lot, Rolling Slope, Wooded, Other, Creek On Lot
  • Waterfront: Yes
  • Disclosures: None, Other
  • Other Structures: Barn(s)
  • Lot Features:City Lot: Yes
  • Lot Features:Gentle Sloping: Yes
  • Lot Features:Rolling Slope: Yes
  • Lot Features:Other21: Yes
  • Lot Features:Greenbelt: Yes
  • Lot Features:Wooded: Yes
  • Lot Features:Cleared: Yes
  • Lot Features:Creek On Lot: Yes
  • Lot Features:Irregular Lot: Yes

Utilities

  • Sewer: Septic Tank, Other
  • Utilities: Electricity Available, Water Available, Other Internet, Satellite Internet, Other
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Lot Info

  • Current Use: Livestock, Pasture, Row Crops
  • Lot Size Sq Ft: 4007520.0
  • Parcel #: 116.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1500.0
  • Tax Map Number: 056
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2024
Sold by
Rouse Michael and Lakins William N
Bought by
Overbay Nicholas R
Current Estimated Value
$673,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Outstanding Balance
$727,867
Interest Rate
6.64%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$54,592

Purchase Details

Closed on
Dec 29, 1999
Sold by
Hudgens James and Hudgens Maude
Bought by
Mary Sublett

Purchase Details

Closed on
Dec 12, 1978
Bought by
Sublett Gale A and Mary Charles

Purchase Details

Closed on
Jan 1, 1951

Purchase Details

Closed on
Jul 10, 1948
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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
Overbay Nicholas R $950,000 Lakeway Title Services
Mary Sublett -- --
Sublett Gale A -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Overbay Nicholas R $760,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/10/2022 01/10/22 Sold $580,000 -76.8% $240 / Sq Ft
11/13/2021 11/13/21 Pending -- -- --
09/15/2021 09/15/21 For Sale $2,499,000 -- $1,034 / Sq Ft
Source: Lakeway Area Association of REALTORS®

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 $1,770 $120,400 $47,525 $72,875
2024 $1,430 $72,600 $38,750 $33,850
2023 $1,406 $72,600 $0 $0
2022 $1,369 $69,500 $35,650 $33,850
2021 $1,345 $68,250 $35,650 $32,600
2020 $1,345 $68,250 $35,650 $32,600
2019 $1,240 $58,225 $29,525 $28,700
2018 $1,240 $58,225 $29,525 $28,700
2017 $1,240 $58,225 $29,525 $28,700
2016 $1,159 $58,225 $29,525 $28,700
2015 $1,077 $58,225 $29,525 $28,700
2014 -- $58,225 $29,525 $28,700
2013 -- $60,675 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Z

    Seller's Agent in 2022

    ZACH PHILLIPS

    ProTeam Real Estate

    (865) 333-8535

    8 in this area

    15 Total Sales

    ZACH PHILLIPS
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Map

Source: Lakeway Area Association of REALTORS®

MLS Number: 603959

Lakeway Area Association of REALTORS®

APN: 056-116.00

Tennessee Hamblen County Morristown 37813

4050 Sublett Rd, Morristown, TN

Not Listed for Sale

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