NOT LISTED FOR SALE

520 Summit Ridge Dr Newport, TN 37821

Estimated Value: $228,000 - $301,000

5 Beds
2 Baths
3,024 Sq Ft
$87/Sq Ft Est. Value

Last Sold February 13, 2023

Last sale price $195,000 $64 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,568/month

21 Days on Market

Highlights

  • Mountain View
  • Wood Flooring
  • Living Room
  • Newport Grammar School Rated A-
  • Covered Patio or Porch
  • Laundry Room

About This Home

As of February 2023

WELL MAINTAINED 5BR/2BA, 3024 SQ FT BASEMENT BRICK HOME ON LOW TRAVELED CITY STREET IN A WELL ESTABLISHED & PEACEFUL NEIGHBORHOOD! EXCEPTIONAL VALUE IN TODAYS LOW INVENTORY MARKET! HOME OFFERS MANY UPDATES INCLUDING NEWER METAL ROOF, NEWER HEAT PUMP, UPGRADED VINYL TILT WINDOWS & MORE! OFFERS OVER 1500 SQ FT ON MAIN LEVEL. FULL BSMT OFFERS ADDITIONAL LIVING SPACE W/KITCHENETTE AREA, FULL BATH, BEDROOM & AMPLE STORAGE AREA! GREAT FOR MULTI-FAMILY W/PRIVATE OUTSIDE DRIVE & LOWER-LEVEL ENTRANCE! ORIGINAL HARDWOOD, CARPET & NEWER TILE FLOORING. VERY CONVENIENT TO DOWNTOWN, SHOPPING, GROCERY STORES, HOSPITAL, CHURCHES, RESTAURANTS & THE CITY PARK! CLOSE PROXIMITY TO CHEROKEE NATIONAL FOREST & EASTERN ENTRANCE OF THE GREAT SMOKY MTN NATIONAL PARK, APPALACHIAN TRAIL & DOUGLAS LAKE! CENTRALLY LOCATED TO GATLINBURG, PIGEON FORGE, DOLLYWOOD, MORRISTOWN, GREENEVILLE, KNOXVILLE HARTFORD, ASHEVILLE NC, MAGGIE VALLEY, TRI-CITIES. TENNESSEE HOSPITALITY & ALL OUR NATURAL RESOURCES AT YOUR DOORSTEP! DRONE PICTURES USED IN LISTING.

Last Agent to Sell the Property

Rae Massey

Massey Realty License #311729 Listed on: 12/22/2022

Last Buyer's Agent

Non Member

Non Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,577

Year Built

  • Built in 1964

Lot Details

  • 0.73 Acre Lot
  • Level Lot
  • Property is in good condition

Home Design

  • Brick Exterior Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Living Room
  • Dining Room
  • Mountain Views

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Finished Basement

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

Outdoor Features

  • Covered Patio or Porch

Schools

  • Newport Grammar Elementary And Middle School
  • Cocke Co High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 056g E 010.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,577

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Directions: FROM I-40 EXIT# 435 (GATLINBURG/NEWPORT) TURN RIGHT ONTO HERITAGE BVLD @ WEIGELS, LEFT ON MORRELL SPRINGS RD, LEFT ON BOLTON JUST BEFORE GREASE RACK RESTAURANT, TOP OF HILL MAKE RIGHT TO HOME ON RHS, SIGN!
  • Prop. Type: Residential
  • Year Built: 1964
  • Property Sub Type: Single Family Residence
  • Bedroom 2 Level: First
  • Dining Room Level: First
  • Kitchen Level: First
  • Living Room Level: First
  • Subdivision Name: Not Listed
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Reso Structure Type: House
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.73
  • General Property Description Zoning2: R
  • General Property Description Elementary School3: Newport Grammar
  • General Property Description Middle School2: Newport Grammar
  • General Property Description High School3: Cocke Co
  • Property Condition Above Average: Yes
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 215/163/190/152
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 3024.0
  • General Property Description Above Grade SqFt: 1512.0
  • AC Central Air: Yes
  • Appliances Microwave: Yes
  • TopographyLot Description Level2: Yes
  • Flooring Hardwood: Yes
  • Flooring Tile2: Yes
  • General Property Description Parcel ID2: 056g E 010.00
  • Style Ranch: Yes
  • AC Heat Pump3: Yes
  • General Property Description Stories2: 1
  • View Mountain(s): Yes
  • TopographyLot Description Rolling Slope: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Carpet: Yes
  • Other Rooms Laundry: Yes
  • Utilities Cable Available: Yes
  • Roof Metal3: Yes
  • Rooms Living Room2: Yes
  • Primary Bedroom Level: First
  • Laundry Features Gas Dryer Hookup: Yes
  • Levels One: Yes
  • Structure Type:House: Yes
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Microwave
  • Has Basement: Finished, Full, Walk-Out Access
  • Flooring: Carpet, Hardwood, Tile
  • Bedroom 3 Level: First
  • Full Bathrooms: 2
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1512.0
  • Total Bedrooms: 13
  • General Property Description Baths - Full: 2
  • Basement:Walk-Out Access: Yes
  • Appliances:Electric Range: Yes
  • Full Basement: Yes
  • Other Rooms:Dining Room: Yes
  • Basement:Basement Finished2: Yes

Exterior Features

  • Property Condition: Above Average
  • Roof: Metal
  • View: Mountain(s)
  • Acres: 0.73
  • Topography: Level, Rolling Slope
  • Home Warranty: No
  • Construction Type: Brick, Vinyl Siding, See Remarks
  • Patio And Porch Features: Covered, Porch
  • Exterior Finish Brick4: Yes
  • Exterior Finish Vinyl Siding: Yes
  • PorchPatioDeck Covered: Yes
  • PorchPatioDeck Porch: Yes

Utilities

  • Heating: Central, Heat Pump, Natural Gas
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Natural Gas2: Yes

Schools

  • Elementary School: Newport Grammar
  • High School: Cocke Co
  • Middle Or Junior School: Newport Grammar

Lot Info

  • Zoning: R
  • Lot Dimensions: 215/163/190/152
  • Lot Size Sq Ft: 31798.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 056g E 010.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Book Number: 1505

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2022
Closed on
Feb 13, 2023
Sold by
Grooms George H
Bought by
Gordon Matthew and Gordon Brandy
Seller's Agent
Rae Massey
Massey Realty
Buyer's Agent
Non Member
Non Member
List Price
$195,000
Sold Price
$195,000
Current Estimated Value
$264,251

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,251
Avg. Annual Appreciation
12.76%
Original Mortgage
$181,000
Outstanding Balance
$175,511
Interest Rate
6.12%
Mortgage Type
New Conventional
Estimated Equity
$88,740

Purchase Details

Closed on
May 2, 2019
Sold by
Grooms George H and Estate Of William Bruce Grooms
Bought by
Grooms George H and Grooms Charles C

Purchase Details

Closed on
Mar 22, 2004
Sold by
Grooms William Bruce
Bought by
Lowery Joyce E
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
Gordon Matthew $195,000 --
Grooms George H -- None Available
Lowery Joyce E $300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gordon Matthew $181,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2023 02/13/23 Sold $195,000 0.0% $64 / Sq Ft
01/13/2023 01/13/23 Pending -- -- --
12/22/2022 12/22/22 For Sale $195,000 -- $64 / 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 $1,577 $31,725 $5,550 $26,175
2023 $1,577 $31,725 $5,550 $26,175
2022 $1,579 $31,725 $5,550 $26,175
2021 $1,579 $31,725 $5,550 $26,175
2020 $1,579 $31,725 $5,550 $26,175
2019 $1,560 $28,525 $5,550 $22,975
2018 $1,560 $28,525 $5,550 $22,975
2017 $1,651 $28,525 $5,550 $22,975
2016 $1,562 $28,525 $5,550 $22,975
2015 $1,267 $28,525 $5,550 $22,975
2014 $1,267 $28,525 $5,550 $22,975
2013 $1,267 $30,575 $5,425 $25,150
Source: Public Records

Agents Affiliated with this Home

  • Rae Massey

    Seller's Agent in 2023

    Rae Massey

    Massey Realty

    (865) 805-0322

    102 in this area

    273 Total Sales

    Rae Massey
    Section Image

  • N

    Buyer's Agent in 2023

    Non Member

    Non Member

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9946721

Tennessee/Virginia Regional MLS

APN: 056G-E-010.00

Tennessee Cocke County Newport 37821

520 Summit Ridge Dr, Newport, TN

This home is located at 520 Summit Ridge Dr, Newport, TN 37821 since 22 December 2022 and is currently estimated at $264,251, approximately $87 per square foot. This property was built in 1964. 520 Summit Ridge Dr is a home located in Cocke County with nearby schools including Newport Grammar School, Grace Christian School, and Calvary Baptist Tabernacle 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.

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Listing information is deemed reliable, but not guaranteed.

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