NOT LISTED FOR SALE

4525 Majestic Magnolia Ln Morristown, TN 37814

Estimated Value: $394,000 - $514,000

3 Beds
3.5 Baths
2,925 Sq Ft
$159/Sq Ft Est. Value

Last Sold December 30, 2020

Last sale price $285,000 $97 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $2,595/month

20 Days on Market

Highlights

  • Mountain View
  • Whirlpool Bathtub
  • Den
  • Wood Flooring
  • Bonus Room
  • Double Pane Windows

About This Home

As of December 2020

Spacious home in highly desireable, nice neighborhood! High demand school zone! Super neighbors! Three bedrooms on upper level with two full baths, and bonus space just outside the owners' bedroom. The current family have additional bedrooms and a smaller, full bath on the lower level. Most comfortable home waiting for you now. Attached garage on the lower level is a one car garage. Friendly, helpful, kind neighbors. HOA fees - $50 per year.

Last Agent to Sell the Property

DEBORAH WOLFE

RE/MAX Real Estate Ten Midtown License #291433 Listed on: 10/22/2020

RE/MAX Real Estate Ten Midtown

Co-Listed By

Ron Wolfe

RE/MAX Real Estate Ten West License #288256

Last Buyer's Agent

Non Member

Non Member - Sales

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,231

Year Built

  • Built in 1998

Lot Details

  • 0.43 Acre Lot
  • Level Lot

HOA Fees

  • $50 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Parking Accessed On Kitchen Level
  • Garage Door Opener

Home Design

  • Block Foundation
  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Central Vacuum
  • Gas Log Fireplace
  • Double Pane Windows
  • Window Treatments
  • Living Room with Fireplace
  • Den
  • Bonus Room
  • Mountain Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Laundry on main level
  • Laundry in Kitchen
  • Washer and Electric Dryer Hookup

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Home Security

  • Home Security System
  • Fire and Smoke Detector

Schools

  • Manley Elementary School
  • Westview Middle School
  • West High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 21.0

Community Details

Overview

  • Magnolia Pond Subdivision

Amenities

  • Laundry Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,231

Year Built

Built in 1998

Lot Details

0

HOA Fees

$50 per month

Parking

3

Listing Details

  • Carport Y N: No
  • Year Built: 1998
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.43
  • Lot Size: 106/175/106/177
  • Subdivision Name: Magnolia Pond
  • Directions: Hwy 11E in Morristown to Panther Creek Rd. Right on Murrell Rd. Left into Magnolia Pond on Majestic Magnolia. House on left. Sign.
  • Above Grade Finished Sq Ft: 2456.0
  • New Construction: No
  • Location Tax and Legal:Tax Annual Amount: 1231.14
  • Location Tax and Legal:Parcel Number2: 21.0
  • General Property Information:Lot Size Acres: 0.43
  • General Property Information:Lot Size Dimensions: 106/175/106/177
  • General Property Information:Waterfront YN: No
  • Utilities:Cable Available: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal:Elementary School: Manley
  • Location Tax and Legal:Middle Or Junior School2: Westview
  • Location Tax and Legal:High School: West
  • General Property Information:Bathrooms Half: 1
  • General Property Information:Living Area2: 2925.0
  • General Property Information:Above Grade Finished Area: 2456.0
  • General Property Information:Below Grade Finished Area: 469.0
  • General Property Information:New Construction YN: No
  • General Property Information:Fireplace YN: Yes
  • General Property Information:Spa YN: No
  • General Property Information:Home Warranty YN: No
  • Additional Dwelling:Additional Dwelling YN: No
  • Cooling:Heat Pump: Yes
  • Flooring:Carpet: Yes
  • Flooring:Tile: Yes
  • Foundation Details:Block3: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Laundry Features:Washer Hookup: Yes
  • Roof:Shingle: Yes
  • Room Types:Basement3: Yes
  • Room Types:Living Room2: Yes
  • General Property Information:Basement YN: Yes
  • Flooring:Hardwood: Yes
  • Flooring:Vinyl: Yes
  • Levels:Two: Yes
  • Security Features:Security System: Yes
  • Security Features:Smoke Detector(s): Yes
  • View:Mountain(s): Yes
  • Utilities:Natural Gas Available: Yes
  • Cooling:Central Air: Yes
  • Appliances Disposal: Yes
  • Cooling:Electric: Yes
  • Room Types:Bonus Room: Yes
  • Utilities:Other Internet: Yes
  • Utilities:Natural Gas Connected: Yes
  • Appliances Microwave: Yes
  • Laundry Features:Main Level: Yes
  • Room Types:Foyer: Yes
  • Laundry Features:Laundry Closet: Yes
  • Room Types:Den2: Yes
  • Room Types:Laundry: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Hardwood, Tile, Vinyl
  • Appliances: Dishwasher, Disposal, Electric Oven, Electric Range, Electric Water Heater, Microwave, Range
  • Basement: Block, Full, Walk-Out Access, Other
  • Levels: Two
  • Interior Amenities: Central Vacuum, Pantry, Walk-In Closet(s), Whirlpool Tub
  • Private Spa: No
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 469.0
  • Fireplace Features: Gas Log, Living Room, Other
  • Fireplace: Yes
  • Living Area: 2925.0
  • Window Features: Double Pane Windows, Vinyl Frames, Window Treatments
  • Appliances Dishwasher: Yes
  • Appliances:Electric Oven: Yes
  • Appliances:Electric Range: Yes
  • Basement:Block: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Fireplace Features:Gas Log: Yes
  • Fireplace Features:Living Room: Yes
  • Appliances Range: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Appliances:Electric Water Heater: Yes
  • Laundry Features:In Kitchen: Yes
  • Basement:Walk-Out Access: Yes
  • Basement:Other7: Yes
  • Interior Features:Central Vacuum: Yes
  • Fireplace Features:Other13: Yes
  • Full Basement: Yes
  • Interior Features:Whirlpool Tub: Yes

Exterior Features

  • Roof: Shingle
  • Lot Features: Level, Rolling Slope, Other
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Frame, Vinyl Siding
  • Foundation Details: Block
  • Construction Materials:Vinyl Siding: Yes
  • Lot Features:Level: Yes
  • Window Features:Double Pane Windows: Yes
  • Lot Features:Rolling Slope: Yes
  • Lot Features:Other21: Yes
  • Window Features:Vinyl Frames: Yes
  • Window Features:Window Treatments: Yes
  • Construction Materials:Frame: Yes

Garage/Parking

  • Garage Yn: Yes
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features: Concrete, Garage, Garage Door Opener, Kitchen Level
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 3.0
  • Parking Features:Concrete4: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Kitchen Level: Yes
  • General Property Information:Carport YN: No

Utilities

  • Cooling: Central Air, Electric, Heat Pump
  • Heating: Central, Electric, Heat Pump, Natural Gas, Other
  • Sewer: Septic Tank
  • Laundry Features: Electric Dryer Hookup, In Kitchen, Laundry Closet, Main Level, Washer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Available, Natural Gas Available, Natural Gas Connected, Other Internet
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes
  • Heating:Other18: Yes
  • Heating:Central: Yes
  • Heating:Electric4: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Amenities: Cable TV, Laundry
  • Association Fee: 50.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Association/Amenities

  • General Property Information:Association YN: Yes
  • General Property Information:Association Fee: 50.0
  • General Property Information:Association Fee Frequency: Monthly
  • Association Amenities:Cable TV: Yes

Schools

  • Elementary School: Manley
  • High School: West
  • Middle Or Junior School: Westview

Lot Info

  • Lot Size Sq Ft: 18730.8
  • Parcel #: 21.0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1231.14
  • Tax Map Number: 40H

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2020
Closed on
Dec 28, 2020
Sold by
Snapp Samantha A and Snapp Michael D
Bought by
Stepp Adriena Renea and Stepp Franklin
Seller's Agent
DEBORAH WOLFE
RE/MAX Real Estate Ten Midtown
Buyer's Agent
Non Member
Non Member - Sales
List Price
$292,500
Sold Price
$285,000
Premium/Discount to List
-$7,500
-2.56%
Current Estimated Value
$465,861

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,861
Avg. Annual Appreciation
10.71%
Original Mortgage
$275,000
Outstanding Balance
$245,395
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$220,466

Purchase Details

Closed on
Sep 17, 2010
Sold by
Warren Kelly L
Bought by
Warren Samantha A

Purchase Details

Closed on
May 12, 2008
Sold by
Fred Hammer C
Bought by
Warren Kelly L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,600
Interest Rate
5.84%

Purchase Details

Closed on
Sep 28, 2007
Sold by
Ritter Greg E
Bought by
Fred Hammer C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
6.41%

Purchase Details

Closed on
Feb 18, 2004
Sold by
Vincenzo Morandi
Bought by
Ritter Greg E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
5.63%

Purchase Details

Closed on
May 25, 2000
Sold by
Hollander Richard
Bought by
Vincenzo Morandi

Purchase Details

Closed on
Jun 30, 1993
Bought by
Jenkins Tom A and Reneau Larry D

Purchase Details

Closed on
May 15, 1944
Bought by
Murrell Murrell J and Murrell Ruth
Source: Public Records

Range of Values:

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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
Stepp Adriena Renea $285,000 Colonial Title Group Inc
Warren Samantha A -- --
Warren Kelly L $214,500 --
Fred Hammer C $225,000 --
Ritter Greg E $190,000 --
Vincenzo Morandi $176,500 --
Jenkins Tom A -- --
Murrell Melville C -- --
Murrell Murrell J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stepp Adriena Renea $275,000
Previous Owner Murrell Murrell J $171,600
Previous Owner Murrell Murrell J $191,250
Previous Owner Murrell Murrell J $152,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2020 12/30/20 Sold $285,000 -2.6% $97 / Sq Ft
11/11/2020 11/11/20 Pending -- -- --
10/22/2020 10/22/20 For Sale $292,500 -- $100 / 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
2024 $1,282 $65,075 $6,500 $58,575
2023 $1,282 $65,075 $0 $0
2022 $1,282 $65,075 $6,500 $58,575
2021 $1,282 $65,075 $6,500 $58,575
2020 $1,139 $65,075 $6,500 $58,575
2019 $1,092 $51,250 $5,975 $45,275
2018 $1,092 $51,250 $5,975 $45,275
2017 $1,092 $51,250 $5,975 $45,275
2016 $1,020 $51,250 $5,975 $45,275
2015 $948 $51,250 $5,975 $45,275
2014 -- $51,250 $5,975 $45,275
2013 -- $55,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • DEBORAH WOLFE

    Seller's Agent in 2020

    DEBORAH WOLFE

    RE/MAX

    (423) 231-4067

    25 Total Sales

    DEBORAH WOLFE
    Section Image

  • R

    Seller Co-Listing Agent in 2020

    Ron Wolfe

    RE/MAX Real Estate Ten West

  • N

    Buyer's Agent in 2020

    Non Member

    Non Member - Sales

See All Agents

Map

Source: Lakeway Area Association of REALTORS®

MLS Number: 590876

Lakeway Area Association of REALTORS®

APN: 040H-C-021.00

Tennessee Hamblen County Morristown 37814

4525 Majestic Magnolia Ln, Morristown, TN

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