NOT LISTED FOR SALE

498 Lakeway Rd Morristown, TN 37814

Estimated Value: $189,000 - $355,000

3 Beds
2 Baths
1,560 Sq Ft
$160/Sq Ft Est. Value

Last Sold April 17, 2019

Last sale price $90,000 $58 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $1,373/month

19 Days on Market

Highlights

  • 1.12 Acre Lot
  • No HOA
  • Covered Patio or Porch
  • Deck
  • Den
  • Double Pane Windows

About This Home

As of April 2019

Must see home in great location. Well kept and move-in ready . Spacious with almost 1,600 sq ft. You will be hard pressed to find a better value in this area. Home sits on level 1.12 acre lot. There is also an area in the back that has power, septic, and water already available that was once used for rental. Would be ideal for a single wide or camper to be set up if looking for additional income. Don't miss out on this one! *Parcels 075.00 & 075.01

Last Agent to Sell the Property

CHRIS HOWERTON

Castle & Associates Real Estate License #347259 Listed on: 02/18/2019

Property Details

Home Type

  • Manufactured Home

Est. Annual Taxes

  • $437

Year Built

  • Built in 2004

Lot Details

  • 1.12 Acre Lot
  • Level Lot

Home Design

  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Living Room with Fireplace
  • Den
  • Basement
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

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

Outdoor Features

  • Deck
  • Covered Patio or Porch

Mobile Home

  • Manufactured Home

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Natural Gas Not Available
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic Tank
  • Internet Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Laundry Facilities

Property Details

Home Type

Manufactured Home

Est. Annual Taxes

$437

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Carport Y N: No
  • Year Built: 2004
  • Property Sub Type: Manufactured Home
  • Prop. Type: Residential
  • Lot Size Acres: 1.12
  • Lot Size: 209/280/208/249
  • Subdivision Name: Other
  • Directions: From W AJ Hwy turn left on Walters Dr. turn left on Cherokee Dr. stay straight until rd forks near Holts Chapel church. Bear left onto Lakeway rd. House on right.
  • Above Grade Finished Sq Ft: 1560.0
  • Body Type: Double Wide
  • New Construction: No
  • Location Tax and Legal:Tax Annual Amount: 437.18
  • Location Tax and Legal:Tax Year2: 2018
  • Location Tax and Legal:Parcel Number2: *
  • General Property Information:Lot Size Acres: 1.12
  • General Property Information:Lot Size Dimensions: 209/280/208/249
  • General Property Information:Waterfront YN: No
  • Utilities:Cable Available: Yes
  • Water Source:Public: Yes
  • General Property Information:Living Area2: 1560.0
  • General Property Information:Above Grade Finished Area: 1560.0
  • 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
  • Appliances Refrigerators: Yes
  • Flooring:Carpet: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Laundry Features:Washer Hookup: Yes
  • Levels:One: Yes
  • Roof:Shingle: Yes
  • Room Types:Living Room2: Yes
  • General Property Information:Basement YN: Yes
  • Security Features:Smoke Detector(s): Yes
  • Cooling:Central Air: Yes
  • Cooling:Electric: Yes
  • Flooring:Laminate: Yes
  • Foundation Details:Slab: Yes
  • Utilities:Natural Gas Not Available: Yes
  • Appliances Microwave: Yes
  • Laundry Features:Main Level: Yes
  • Water Source:Private5: Yes
  • Water Source:Well: Yes
  • Utilities:Satellite Internet: Yes
  • Room Types:Den2: Yes
  • Body Type:Double Wide: Yes
  • Utilities:Water Available: Yes
  • Room Types:Laundry: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Laminate
  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator
  • Basement: Crawl Space
  • Levels: One
  • Interior Amenities: Ceiling Fan(s)
  • Private Spa: No
  • Other Equipment: TV Antenna
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Fireplace: Yes
  • Living Area: 1560.0
  • Window Features: Double Pane Windows
  • Appliances Dishwasher: Yes
  • Appliances:Electric Oven: Yes
  • Appliances:Electric Range: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Basement:Crawl Space: Yes
  • Fireplace Features:Living Room: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Appliances:Electric Water Heater: Yes

Exterior Features

  • Roof: Shingle
  • Lot Features: Level, Other
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Covered, Deck
  • Construction Materials:Vinyl Siding: Yes
  • Lot Features:Level: Yes
  • Patio And Porch Features:Deck2: Yes
  • Window Features:Double Pane Windows: Yes
  • Patio And Porch Features:Covered2: Yes
  • Lot Features:Other21: Yes

Garage/Parking

  • Garage Yn: No
  • Attached Garage: No
  • Parking Features: Gravel
  • General Property Information:Garage YN: No
  • General Property Information:Carport YN: No
  • Parking Features:Gravel: Yes

Utilities

  • Cooling: Central Air, Electric
  • Heating: Central, Electric, Heat Pump
  • Sewer: Septic Tank
  • Laundry Features: Electric Dryer Hookup, Main Level, Washer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Available, Natural Gas Not Available, Water Available, Satellite Internet
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes
  • Heating:Central: Yes
  • Heating:Electric4: Yes

Condo/Co-op/Association

  • Amenities: Cable TV, Laundry
  • Association Fee Frequency: Monthly
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • General Property Information:Association Fee Frequency: Monthly
  • Association Amenities:Cable TV: Yes

Lot Info

  • Lot Size Sq Ft: 48787.2
  • Parcel #: *
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 437.18
  • Tax Map Number: 023
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2019
Closed on
Apr 17, 2019
Sold by
Bunch Betty Jo and Smith James R
Bought by
Black Eric P and Black Gwendolyne
Seller's Agent
CHRIS HOWERTON
Castle & Associates Real Estate
List Price
$99,900
Sold Price
$90,000
Premium/Discount to List
-$9,900
-9.91%
Current Estimated Value
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,000
Avg. Annual Appreciation
16.74%
Original Mortgage
$72,000
Outstanding Balance
$55,342
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$194,658

Purchase Details

Closed on
Aug 22, 2008
Sold by
Ronald Mcdaniel William
Bought by
Bunch Betty Jo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,750
Interest Rate
6.61%

Purchase Details

Closed on
May 25, 1977
Bought by
Mcdaniel William Ronald
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
Black Eric P $90,000 Fc Title Llc
Bunch Betty Jo $35,000 --
Mcdaniel William Ronald -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Black Eric P $72,000
Previous Owner Mcdaniel William Ronald $29,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/17/2019 04/17/19 Sold $90,000 -9.9% $58 / Sq Ft
03/09/2019 03/09/19 Pending -- -- --
02/18/2019 02/18/19 For Sale $99,900 -- $64 / 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 $657 $33,375 $5,075 $28,300
2023 $657 $33,375 $0 $0
2022 $657 $33,375 $5,075 $28,300
2021 $472 $23,975 $2,650 $21,325
2020 $440 $22,350 $2,650 $19,700
2019 $365 $17,125 $2,650 $14,475
2018 $365 $17,125 $2,650 $14,475
2017 $365 $17,125 $2,650 $14,475
2016 $341 $17,125 $2,650 $14,475
2015 $317 $17,125 $2,650 $14,475
2014 -- $17,125 $2,650 $14,475
2013 -- $21,525 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lakeway Area Association of REALTORS®

MLS Number: 582192

Lakeway Area Association of REALTORS®

APN: 023-075.01