NOT LISTED FOR SALE

502 Pennlyn Ave Cumberland Gap, TN 37724

Estimated Value: $216,000 - $280,000

3 Beds
3 Baths
2,196 Sq Ft
$112/Sq Ft Est. Value

Last Sold April 01, 2021

Last sale price $198,000 $90 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $1,428/month

174 Days on Market

Highlights

  • Mountain View
  • Covered Patio or Porch
  • Wood Siding
  • Wood Flooring
  • Central Heating and Cooling System
  • Wood Burning Fireplace

About This Home

As of April 2021

This home has an apartment and Church all hooked together. It is on a corner bordering 3 Streets.

Last Agent to Sell the Property

Nancy Maiden

Mountain Realty License #270475 Listed on: 09/16/2020

Mountain Realty

Last Buyer's Agent

John Martin

Fletcher Bright Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $151

Year Built

  • Built in 1940

Home Design

  • Wood Siding

Interior Spaces

  • 2,196 Sq Ft Home
  • Wood Burning Fireplace
  • Mountain Views

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • Garage
  • Basement Garage

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 001L B 016.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$151

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Directions: Hwy. 25E go up the ramp toward Virginia then turn off Left to go down to the Gap.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 1940
  • Architectural Style: Other
  • Property Attached Yn: Yes
  • Special Features: None

Interior Features

  • Appliances: None
  • Has Basement: Other
  • Fireplace: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Flooring: Laminate, Hardwood, Tile

Exterior Features

  • Exterior Features: Porch - Covered
  • View: Mountain View, Other
  • Construction Type: Wood Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Basement

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central, Heat Pump
  • Heating Yn: Yes

Lot Info

  • Parcel #: 001L B 016.00

Tax Info

  • Tax Annual Amount: 151.2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 30, 2022
Sold by
Patrick Linn William and Patrick Marie Tammy
Bought by
Pennlyn Properties Llc
Current Estimated Value
$246,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
4.99%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Pennlyn Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Pennlyn Properties Llc $25,000
Open Pennlyn Properties Llc $206,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2021 04/01/21 Sold $198,000 -- $90 / Sq Ft
Source: East Tennessee REALTORS® 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 $1,131 $36,925 $0 $36,925
2023 $1,131 $36,925 $0 $36,925
2022 $670 $24,600 $0 $24,600
2021 $584 $16,800 $0 $16,800
2020 $584 $16,800 $0 $16,800
2019 $584 $16,800 $0 $16,800
2018 $584 $16,800 $0 $16,800
2017 $584 $16,800 $0 $16,800
2016 $527 $15,150 $0 $15,150
2015 $444 $15,150 $0 $15,150
2014 $444 $15,146 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nancy Maiden

    Seller's Agent in 2021

    Nancy Maiden

    Mountain Realty

    27 in this area

    104 Total Sales

    Nancy Maiden
    Section Image
  • John Martin

    Buyer's Agent in 2021

    John Martin

    Fletcher Bright Realty

    (423) 903-2450

    17 in this area

    159 Total Sales

    John Martin
    Section Image
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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1129957

East Tennessee REALTORS® MLS

APN: 001L-B-016.00-001

Tennessee Claiborne County Cumberland Gap 37724

502 Pennlyn Ave, Cumberland Gap, TN

This home is located at 502 Pennlyn Ave, Cumberland Gap, TN 37724 since 16 September 2020 and is currently estimated at $246,865, approximately $112 per square foot. This property was built in 1940. 502 Pennlyn Ave is a home located in Claiborne County with nearby schools including Tri-State Christian Academy, St. Julian School, and J. Frank White Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

East Tennessee REALTORS® MLS 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.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.

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