NOT LISTED FOR SALE

5126 Aspen Ave Morristown, TN 37813

Estimated Value: $44,000 - $209,000

0.44 Acre
$287,500 Price per Acre
19,166 Sq Ft Lot

Last Sold February 07, 2024

Last sale price $33,000

Est. 283% increase in value since last sale

Current estimated payment $684/month

3 Days on Market

About This Lot

As of February 2024

Exquisite property available for your new residence in the thriving and sought-after western region of Morristown. Cedar Ridge, strategically located in proximity to the myriad amenities Morristown has to offer, presents an unparalleled opportunity. Nestled near Cherokee and Douglas Lakes, with easy access to the captivating Smoky Mountains, Pigeon Forge, Sevierville, and Knoxville, this location epitomizes convenience and scenic beauty. Notably, there are no Homeowners Association (HOA) fees, accompanied by reasonable deed restrictions, ensuring a harmonious living experience.

Last Agent to Sell the Property

Greg Payne

Crye-Leike Premier Real Estate LLC License #368648 Listed on: 01/20/2024

Last Buyer's Agent

Fred Dotson

Elite Realty Group License #367035

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $287

Lot Details

  • 0.44 Acre Lot
  • Property is zoned R1

Location

  • City Lot

Schools

  • Alpha Elementary School
  • Westview Middle School
  • West High School

Utilities

  • Underground Utilities
  • Natural Gas Not Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Cedar Ridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 055B B 00700 000

Property Details

Property Type

Land

Est. Annual Taxes

$287

Lot Details

0

Listing Details

  • Possible Use: Single Family
  • Fencing: None
  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 0.44
  • Lot Size: 85.08x219.47 IRR
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name: Cedar Ridge
  • Directions: 11 E west, Left on Hwy 160, Right on Dearing Rd, Left on Aspen into Cedar Ridge Subdivision. Look for signs.
  • Location Tax and Legal:Tax Annual Amount: 286.77
  • Location Tax and Legal:Tax Year2: 2022
  • Location Tax and Legal:Parcel Number2: 055B B 00700 000
  • Utilities:Cable Available: Yes
  • Utilities:Electricity Available: Yes
  • Water Source:Public: Yes
  • Mobile Home Allowed:Mobile Home Allowed: No
  • Location Tax and Legal:Zoning2: R1
  • Utilities:Natural Gas Not Available: Yes
  • Utilities:Underground Utilities: Yes
  • Utilities:Water Available: Yes
  • Location Tax and Legal:Additional Parcels YN: No
  • Frontage Type:Road Frontage: Asphalt
  • Special Features: None

Interior Features

  • Other Equipment: None

Exterior Features

  • Lot Features: City Lot
  • Waterfront: No
  • Disclosures: None
  • Other Structures: None
  • Lot Features:City Lot: Yes

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Available, Natural Gas Not Available, Underground Utilities, Water Available

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

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

Lot Info

  • Current Use: Vacant
  • Lot Size Sq Ft: 19166.4
  • Additional Parcels: No
  • Parcel #: 055B B 00700 000
  • Zoning: R1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 286.77
  • Tax Map Number: 055B B
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2024
Closed on
Feb 3, 2024
Sold by
Paysco Properties Llc
Bought by
American Liberty Homes Llc
Seller's Agent
Greg Payne
Crye-Leike Premier Real Estate LLC
Buyer's Agent
Fred Dotson
Elite Realty Group
List Price
$37,900
Sold Price
$33,000
Premium/Discount to List
-$4,900
-12.93%
Total Days on Market
3
Views
6
Current Estimated Value
$126,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,500
Avg. Annual Appreciation
176.76%

Purchase Details

Closed on
Apr 15, 2022
Sold by
Cedar Ridge Development Lp
Bought by
Paysco Properties Llc

Purchase Details

Closed on
Oct 12, 2005
Bought by
South Ridge Development Lp

Purchase Details

Closed on
Apr 6, 2005
Bought by
South Ridge Development Lp

Purchase Details

Closed on
Sep 9, 1995
Bought by
Lester Helen M L and Lester E

Purchase Details

Closed on
Aug 30, 1976
Bought by
Lester Helen M
Source: Public Records

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Range of Values:

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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
American Liberty Homes Llc $132,000 Colonial Title Group
Paysco Properties Llc $140,000 Colonial Title Group
South Ridge Development Lp -- --
South Ridge Development Lp $368,700 --
Lester Helen M L $100,000 --
Lester Helen M -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2024 02/07/24 Sold $33,000 -12.9% --
01/23/2024 01/23/24 Pending -- -- --
01/20/2024 01/20/24 For Sale $37,900 -- --
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 $160 $9,075 $9,075 --
2023 $160 $9,075 $0 $0
2022 $287 $9,075 $9,075 $0
2021 $287 $9,075 $9,075 $0
2020 $287 $9,075 $9,075 $0
2019 $374 $11,025 $11,025 $0
2018 $347 $11,025 $11,025 $0
2017 $341 $11,025 $11,025 $0
2016 $326 $11,025 $11,025 $0
2015 $304 $11,025 $11,025 $0
2014 -- $11,025 $11,025 $0
2013 -- $14,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2024

    Greg Payne

    Crye-Leike Premier Real Estate LLC

  • Fred Dotson

    Buyer's Agent in 2024

    Fred Dotson

    Elite Realty Group

    (423) 312-7581

    46 Total Sales

    Fred Dotson
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Map

Source: Lakeway Area Association of REALTORS®

MLS Number: 702404

Lakeway Area Association of REALTORS®

APN: 055B-B-007.00

Tennessee Hamblen County Morristown 37813

5126 Aspen Ave, Morristown, TN

This home is located at 5126 Aspen Ave, Morristown, TN 37813 since 20 January 2024 and is currently estimated at $126,500. 5126 Aspen Ave is a home located in Hamblen County with nearby schools including Alpha Elementary School, West View Middle School, and Morristown West High School.

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.

Lakeway Area Association of REALTORS® 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.

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