Seller's Agent in 2025
Amy Shrader
RE/MAX
(423) 748-8811
521 Total Sales
522 S Fairmont Ave Morristown, TN 37813
2
Beds
1
Bath
1,398
Sq Ft
0.33
Acres
Highlights
- Wood Burning Stove
- Bonus Room
- 2 Car Detached Garage
- 1 Fireplace
- No HOA
- Enclosed Patio or Porch
About This Home
As of March 2025Nestled on a charming 1/3-acre lot in Morristown, this 2-bedroom, 1-bathroom basement rancher is brimming with potential. Offering approximately 1,000 sq ft of living space on the main level, plus an additional 400 finished sq ft in the basement, this home is perfect for investors looking for their next project or rental opportunity. The exterior features a large 30x32 detached garage equipped with a built-in air compressor, wood-burning stove, and plenty of space for hobbies or storage. The home also includes a cozy screened-in side porch (225 sq ft), ideal for relaxing or entertaining.
Inside, you'll find a spacious living room accented by a rustic stone fireplace, adding to the home's unique character. The kitchen is ready for your personal touch and features ample cabinet space. While the home could benefit from updates, it offers a solid foundation for those looking to make it their own. A fenced backyard adds privacy and space for outdoor activities. Situated in a quiet, established neighborhood, this property is conveniently located near local amenities. With some TLC, this home could be brought back to life and become a valuable addition to any investor's portfolio. Don't miss your chance to see the potential of this Morristown gem!
Last Agent to Sell the Property
REMAX Real Estate Ten of Morristown License #324868 Listed on: 10/25/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $425
Year Built
- Built in 1955
Lot Details
- 0.33 Acre Lot
- Back Yard Fenced
- Sloped Lot
- Property is in below average condition
Parking
- 2 Car Detached Garage
- Gravel Driveway
- Shared Driveway
Home Design
- Brick Exterior Construction
- Block Foundation
- Asphalt Roof
- Stone Exterior Construction
- Stone
Interior Spaces
- 1-Story Property
- 1 Fireplace
- Wood Burning Stove
- Double Pane Windows
- Bonus Room
- Storm Doors
- Washer and Electric Dryer Hookup
Kitchen
- Electric Range
- Microwave
- Dishwasher
- Laminate Countertops
Flooring
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Partially Finished Basement
- Heated Basement
- Block Basement Construction
Outdoor Features
- Enclosed Patio or Porch
- Shed
Schools
- Lincoln Elementary School
- Lincoln Heights Middle School
- Morristown West High School
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Cable TV Available
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 041e A 011.00
- Seller Considering Concessions
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 25, 2024
Closed on
Mar 31, 2025
Sold by
Price Teoka and Shockley Larry Wayne
Bought by
Akers Gregory
Seller's Agent
Amy Shrader
REMAX Real Estate Ten of Morristown
Buyer's Agent
Hix Masengill
Century 21 Masengill-McCrary Realtors
List Price
$250,000
Sold Price
$183,000
Premium/Discount to List
-$67,000
-26.8%
Views
1035
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,055
Avg. Annual Appreciation
0.10%
Original Mortgage
$6,000
Outstanding Balance
$6,000
Interest Rate
6.87%
Mortgage Type
FHA
Estimated Equity
$177,083
Purchase Details
Closed on
Aug 19, 2015
Sold by
Shockley Larry W
Bought by
Shockley Larry W
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,700
Interest Rate
4.09%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 3, 1979
Bought by
Shockley Larry W and Shockley Rebecca S
Purchase Details
Closed on
Jan 22, 1979
Bought by
Maples Franklin R
Purchase Details
Closed on
Feb 10, 1976
Bought by
Maples Franklin R and Maples Dorothy
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $183,000 | Lakeway Title Services | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $8,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $6,000 | FHA | |
| Open | $178,901 | FHA | |
| Previous Owner | $64,700 | New Conventional | |
| Previous Owner | $78,736 | No Value Available | |
| Previous Owner | $75,545 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/31/2025 03/31/25 | Sold | $183,000 | -8.5% | $131 / Sq Ft |
| 02/27/2025 02/27/25 | Pending | -- | -- | -- |
| 01/15/2025 01/15/25 | Price Changed | $200,000 | -11.1% | $143 / Sq Ft |
| 11/01/2024 11/01/24 | Price Changed | $225,000 | -10.0% | $161 / Sq Ft |
| 10/25/2024 10/25/24 | For Sale | $250,000 | -- | $179 / Sq Ft |
Source: Tennessee/Virginia Regional MLS
Tax History Compared to Growth
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 | $425 | $24,125 | $3,650 | $20,475 |
| 2023 | $425 | $24,125 | $0 | $0 |
| 2022 | $763 | $24,125 | $3,650 | $20,475 |
| 2021 | $763 | $24,125 | $3,650 | $20,475 |
| 2020 | $762 | $24,125 | $3,650 | $20,475 |
| 2019 | $752 | $22,125 | $3,075 | $19,050 |
| 2018 | $697 | $22,125 | $3,075 | $19,050 |
| 2017 | $662 | $21,350 | $3,075 | $18,275 |
| 2016 | $632 | $21,350 | $3,075 | $18,275 |
| 2015 | $588 | $21,350 | $3,075 | $18,275 |
| 2014 | -- | $21,350 | $3,075 | $18,275 |
| 2013 | -- | $23,375 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Amy Shrader
-
Hix Masengill
Buyer's Agent in 2025
Hix Masengill
Century 21 Masengill-McCrary Realtors
(423) 231-8750
195 Total Sales
Map
Source: Tennessee/Virginia Regional MLS
MLS Number: 9972712
APN: 041E-A-011.00
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