NOT LISTED FOR SALE

487 Mountain Lake Way Newport, TN 37821

Estimated Value: $261,000 - $381,000

3 Beds
2 Baths
1,334 Sq Ft
$244/Sq Ft Est. Value

Last Sold August 23, 2019

Last sale price $182,500 $137 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $1,826/month

53 Days on Market

Highlights

  • 1.96 Acre Lot
  • 1.5-Story Property
  • 1 Fireplace
  • Wood Burning Stove
  • Finished Attic
  • Covered Patio or Porch

About This Home

As of August 2019

Beautiful Ranch home with 3/2, 1334 sqft and a 2-car attached garage. This will make a nice vacation home near the Smokies or make it a permeant home. Has a large Great room with wood burning stove. Private well and a 3-bedroom Septic system. Attic had been completed and has a large bedroom and Master bath and astonishing Mountain views from the arched window. Large wrap around covered porch with to enjoy day and evenings on that allow you to take in those views of English Mountain, A covered bar b que area and, a covered area for firewood. Property has almost 2 acres of privacy. Great Neighborhood of neighbors that help their neighbors. This property sits between Newport and Cosby. Making it a breeze to run into town for shopping, Lowes, Tractor Supply, Co-Op, Walmart, Several Restaurants, I-40, Medical Facilities and more in only less than 10 mins. On the Cosby Side you are only 30mins to Gatlinburg, 40mins to Pigeon Forge, Foorhills Parkway, Appalachian Trail, White Water Rafting, Zipping tours, Hiking Trails and there are many campgrounds. Something for everyone.

Last Agent to Sell the Property

Donna Fabrikant

Country Living Realty License #304152 Listed on: 05/20/2019

Last Buyer's Agent

Non Member

Non Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,206

Year Built

  • Built in 1999

Lot Details

  • 1.96 Acre Lot
  • Lot Dimensions are 356 x 271
  • Lot Has A Rolling Slope
  • Cleared Lot
  • Property is in good condition

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Gravel Driveway

Home Design

  • 1.5-Story Property
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 1,334 Sq Ft Home
  • Ceiling Fan
  • 1 Fireplace
  • Wood Burning Stove
  • Double Pane Windows
  • Combination Kitchen and Dining Room
  • Dryer
  • Finished Basement

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Attic

  • Walkup Attic
  • Finished Attic

Outdoor Features

  • Covered Patio or Porch

Schools

  • Cosby Elementary School
  • None Middle School
  • Cocke Co High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Private Water Source
  • Septic Tank

Community Details

  • FHA/VA Approved Complex

Listing and Financial Details

  • Assessor Parcel Number 074 002.29

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,206

Year Built

Built in 1999

Lot Details

0

Parking

2

Listing Details

  • Directions: Take Cosby Hwy to a Left turn onto Armory Rod, Left on Lower English Rd, Left onto Mountain Lake. Property is on the Left.
  • Prop. Type: Residential
  • Year Built: 1999
  • Garage Garage Spaces: 2
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Unit Levels: One and One Half
  • New Construction: No
  • Reso Structure Type: House
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 1.96
  • General Property Description Zoning2: No
  • General Property Description Elementary School3: Cosby
  • General Property Description Middle School2: None
  • General Property Description High School3: Cocke Co
  • Property Condition Above Average: Yes
  • General Property Description Lot Dimensions: 356 x 271
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 1334.0
  • Appliances Microwave: Yes
  • Flooring Tile2: Yes
  • General Property Description Parcel ID2: 074 002.29
  • General Property Description # Fireplaces: 1
  • Style Ranch: Yes
  • AC Heat Pump3: Yes
  • Financing FHA: Yes
  • Interior Features KitchenDining Combo: Yes
  • AC Ceiling Fan(s): Yes
  • TopographyLot Description Rolling Slope: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Carpet: Yes
  • TopographyLot Description Cleared: Yes
  • Roof Metal3: Yes
  • Appliances Dryer: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Water Private: Yes
  • Levels One and One Half: Yes
  • Structure Type:House: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Electric Range, Microwave
  • Has Basement: Concrete, Finished
  • Flooring: Carpet, Tile
  • Interior Amenities: Kitchen Island, Kitchen/Dining Combo
  • Window Features: Double Pane Windows
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning Stove, Other, See Remarks
  • Fireplaces: 1
  • Total Bedrooms: 3
  • General Property Description Baths - Full: 2
  • Appliances Dishwasher: Yes
  • Interior Features:Kitchen Island: Yes
  • Appliances:Electric Range: Yes
  • Basement:Concrete3: Yes
  • Attic Features:Attic Walk-Up: Yes
  • Attic Finished: Yes
  • Fireplace:Wood Burning Stove: Yes

Exterior Features

  • Property Condition: Above Average
  • Roof: Metal
  • Acres: 1.96
  • Topography: Cleared, Rolling Slope
  • Home Warranty: No
  • Construction Type: Wood Siding
  • Patio And Porch Features: Covered, Porch
  • Exterior Finish Wood Siding: Yes
  • Window Features:Double Pane Windows: Yes
  • PorchPatioDeck Covered: Yes
  • PorchPatioDeck Porch: Yes

Garage/Parking

  • Parking Features: Attached, Garage Door Opener, Gravel
  • Sq Ft DetailsGarageTotalSq Ft: 575
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features:Gravel: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Tank
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Cooling: Ceiling Fan(s), Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Private
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes

Schools

  • Elementary School: Cosby
  • High School: Cocke Co
  • Middle Or Junior School: None

Lot Info

  • Zoning: No
  • Lot Dimensions: 356 x 271
  • Lot Size Sq Ft: 85377.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 074 002.29
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Book Number: 1434

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2019
Closed on
Aug 23, 2019
Sold by
Durand Douglas A
Bought by
Hall Jeffrey D and Hall Deborah J
Seller's Agent
Donna Fabrikant
Country Living Realty
Buyer's Agent
Non Member
Non Member
List Price
$195,900
Sold Price
$182,500
Premium/Discount to List
-$13,400
-6.84%
Current Estimated Value
$325,262

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,762
Avg. Annual Appreciation
9.90%
Original Mortgage
$82,500
Outstanding Balance
$63,489
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$261,773

Purchase Details

Closed on
Nov 10, 2015
Sold by
Hudson Mike
Bought by
Durand Douglas A %First Choice Lending Servic

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,900
Interest Rate
3.87%
Mortgage Type
VA

Purchase Details

Closed on
Nov 27, 2002
Sold by
Amason Ronnie and Amason Myra
Bought by
Hudson Mike

Purchase Details

Closed on
Aug 5, 1998
Bought by
Mason Ronnie Myra
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
Hall Jeffrey D $182,500 Smoky Mountain Title
Durand Douglas A %First Choice Lending Servic $149,900 --
Hudson Mike $54,000 --
Mason Ronnie Myra $16,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hall Jeffrey D $82,500
Previous Owner Mason Ronnie Myra $149,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2019 08/23/19 Sold $182,500 -6.8% $137 / Sq Ft
07/13/2019 07/13/19 Pending -- -- --
05/20/2019 05/20/19 For Sale $195,900 -- $147 / 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 $1,206 $47,125 $19,875 $27,250
2023 $1,206 $47,125 $19,875 $27,250
2022 $1,209 $47,125 $19,875 $27,250
2021 $1,209 $47,125 $19,875 $27,250
2020 $1,209 $47,125 $19,875 $27,250
2019 $867 $30,625 $6,750 $23,875
2018 $867 $30,625 $6,750 $23,875
2017 $888 $30,625 $6,750 $23,875
2016 $792 $30,625 $6,750 $23,875
2015 $735 $30,625 $6,750 $23,875
2014 $735 $28,875 $6,750 $22,125
2013 $735 $30,625 $6,575 $24,050
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 422030

Tennessee/Virginia Regional MLS

APN: 074-002.29