NOT LISTED FOR SALE

521 W 7th St N Morristown, TN 37814

Estimated Value: $177,878 - $253,000

-- Bed
2 Baths
1,764 Sq Ft
$125/Sq Ft Est. Value

Last Sold February 08, 2021

Last sale price $152,000 $86 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $1,305/month

77 Days on Market

About This Home

As of February 2021

All brick duplex located less than 1/2 mile from Morristown Hamblen Hospital. Each unit is 2 bedrooms and 1 bath. Basement garage with storage area. Both units have washer/dryer hook ups on main level. Covered porch and circular driveway with ample parking behind the building. City water, sewer, and FiberNET cable/internet. Tenants responsible for all utilities. Cedar lined closets in bedrooms. Owner provides refrigerator & stove in each unit. Roof and HVAC units are approx 7 years old. Right side recently painted, new carpet, new stove, new glass door. Left side occupied by long time tenant. Call agent to schedule viewing.

Last Agent to Sell the Property

Amy Shrader

RE/MAX Real Estate Ten Midtown License #324868 Listed on: 10/13/2020

RE/MAX Real Estate Ten Midtown

Last Buyer's Agent

Amy Cate

The Cate Group, Realty & Property Management LLC License #323701

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $851

Year Built

  • Built in 1976

Lot Details

  • 0.28

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Laundry

  • Laundry on main level
  • Washer and Electric Dryer Hookup

Unfinished Basement

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

Schools

  • West Elementary School
  • Lincoln Middle School
  • West High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Electric Range
  • Covered patio or porch
  • 0.28 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 007.00
  • Tax Block 4

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Units

Building Details

  • Insurance Expense $800
  • Net Operating Income $8,473

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$851

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Carport Y N: No
  • Year Built: 1976
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.28
  • Lot Size: 102/119/102/119
  • Subdivision Name: Other
  • Directions: Morris Blvd to Jackson St. Left on W 7th North St. Duplex on left.
  • Location Tax and Legal:Tax Annual Amount: 851.0
  • Location Tax and Legal:Parcel Number2: 007.00
  • Location Tax and Legal:Tax Block: 4
  • Water Source:Public: Yes
  • General Property Information:Spa YN: No
  • Appliances Refrigerators: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Laundry Features:Washer Hookup: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Gross Scheduled Income: 11520.0
  • Income And Expenses Maintenance Expense: 1000.0
  • Income And Expenses New Taxes Expense: 672.0
  • Cooling:Central Air: Yes
  • Cooling:Electric: Yes
  • Laundry Features:Main Level: Yes
  • Laundry Features:Laundry Closet: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Oven, Electric Range, Electric Water Heater, Refrigerator
  • Basement: Full, Unfinished, Walk-Out Access
  • Private Spa: No
  • Basement YN: Yes
  • Fireplace: No
  • Appliances:Electric Oven: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Electric Water Heater: Yes
  • Basement:Walk-Out Access: Yes
  • Full Basement: Yes
  • Basement:Unfinished: Yes

Exterior Features

  • Roof: Shingle
  • Exterior Features: None
  • Home Warranty: No
  • Construction Type: Asphalt, Brick
  • Patio And Porch Features: Covered, Porch
  • Construction Materials:Brick: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Porch: Yes
  • Exterior Features:None6: Yes

Garage/Parking

  • Unit 1:Garage YN3: No
  • Unit 2:Garage YN4: Yes
  • Unit 3:Garage YN5: No
  • Unit 4:Garage YN6: No
  • Parking Features:Asphalt: Yes

Utilities

  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Laundry Closet, Main Level, Washer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric4: Yes

Condo/Co-op/Association

  • Amenities: Cable TV
  • Association: Yes

Association/Amenities

  • Association Amenities:Cable TV: Yes

Schools

  • Elementary School: West Elementary
  • High School: West
  • Middle Or Junior School: Lincoln

Lot Info

  • Lot Size Sq Ft: 12196.8
  • Parcel #: 007.00
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2
  • Income And Expenses Net Operating Income: 8473.0

Tax Info

  • New Taxes Expense: 672.0
  • Tax Annual Amount: 851.0
  • Tax Block: 4
  • Tax Map Number: 033L

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2020
Closed on
Feb 10, 2021
Sold by
Ridley Billy L
Bought by
Barlow Michael J and Barlow Michelle
Seller's Agent
Amy Shrader
RE/MAX Real Estate Ten Midtown
Buyer's Agent
Amy Cate
The Cate Group, Realty & Property Management LLC
List Price
$155,000
Sold Price
$152,000
Premium/Discount to List
-$3,000
-1.94%
Total Days on Market
77
Current Estimated Value
$220,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,959
Avg. Annual Appreciation
9.00%
Original Mortgage
$114,000
Outstanding Balance
$102,722
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$118,237

Purchase Details

Listed on
Oct 13, 2020
Closed on
Feb 5, 2021
Sold by
Ridley Billy L
Bought by
Barlow Michael J and Barlow Michelle
Seller's Agent
Amy Shrader
RE/MAX Real Estate Ten Midtown
Buyer's Agent
Amy Cate
The Cate Group, Realty & Property Management LLC
List Price
$155,000
Sold Price
$152,000
Premium/Discount to List
-$3,000
-1.94%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Outstanding Balance
$102,722
Interest Rate
2.6%
Mortgage Type
New Conventional
Estimated Equity
$118,237

Purchase Details

Closed on
Dec 5, 2002
Bought by
Ridley Billy L

Purchase Details

Closed on
May 1, 2002
Sold by
Linda Purkey
Bought by
Mountain Nathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,325
Interest Rate
7.12%

Purchase Details

Closed on
Apr 20, 1979
Bought by
White Charles M

Purchase Details

Closed on
Apr 18, 1979
Bought by
Nichols Harold and Horner Ii Ernest F
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Barlow Michael J $152,000 Colonial Title Group Inc
Barlow Michael J $152,000 Colonial Title Group
Ridley Billy L $98,000 --
Mountain Nathan $86,000 --
White Charles M $2,000 --
Nichols Harold $2,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barlow Michael J $114,000
Closed Barlow Michael J $114,000
Previous Owner Ridley Billy L $84,000
Previous Owner Nichols Harold $85,325
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2021 02/08/21 Sold $152,000 -1.9% $86 / Sq Ft
12/29/2020 12/29/20 Pending -- -- --
10/13/2020 10/13/20 For Sale $155,000 -- $88 / 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 $848 $48,200 $7,480 $40,720
2023 $848 $48,200 $0 $0
2022 $1,523 $48,200 $7,480 $40,720
2021 $1,523 $48,200 $7,480 $40,720
2020 $1,413 $44,800 $7,480 $37,320
2019 $1,247 $36,680 $7,600 $29,080
2018 $1,156 $36,680 $7,600 $29,080
2017 $1,137 $36,680 $7,600 $29,080
2016 $1,086 $36,680 $7,600 $29,080
2015 $1,010 $36,680 $7,600 $29,080
2014 -- $36,680 $7,600 $29,080
2013 -- $46,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Amy Shrader

    Seller's Agent in 2021

    Amy Shrader

    RE/MAX

    (423) 748-8811

    541 Total Sales

    Amy Shrader
    Section Image
  • Amy Cate

    Buyer's Agent in 2021

    Amy Cate

    The Cate Group, Realty & Property Management LLC

    (865) 389-3517

    51 Total Sales

    Amy Cate
    Section Image
See All Agents

Map

Source: Lakeway Area Association of REALTORS®

MLS Number: 590731

Lakeway Area Association of REALTORS®

APN: 033L-C-007.00

Tennessee Hamblen County Morristown 37814

521 W 7th St N, Morristown, TN

This home is located at 521 W 7th St N, Morristown, TN 37814 since 13 October 2020 and is currently estimated at $220,959, approximately $125 per square foot. This property was built in 1976. 521 W 7th St N is a home located in Hamblen County with nearby schools including West Elementary School, Lincoln Heights 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.

Nearby Homes