NOT LISTED FOR SALE

550 Rack Ln Newport, TN 37821

Estimated Value: $258,000 - $354,000

4 Beds
2 Baths
2,631 Sq Ft
$117/Sq Ft Est. Value

Last Sold March 08, 2023

Last sale price $233,400 $89 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,851/month

45 Days on Market

Highlights

  • In Ground Pool
  • Ranch Style House
  • No HOA
  • Newport Grammar School Rated A-
  • Bonus Room
  • Covered patio or porch

About This Home

As of March 2023

This brick ranger has so much to offer4 bedrooms, 2 baths, basement area has a one car garage and has approx. 1007 sq ft partially Finished, open concept kitchen,dinning,living room area. Nice IN ground pool needs new liner, storage building, located in the city convenient to most all you needs. With some TLC this home would be great .

Last Agent to Sell the Property

JANICE JENKINS

BRIAN KELLER REALTY License #236361 Listed on: 01/22/2023

Last Buyer's Agent

RACHEL ORLANDO

Southbound Real Estate License #350043

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,716

Year Built

  • Built in 1979

Lot Details

  • 0.54 Acre Lot
  • Lot Has A Rolling Slope

Parking

  • 1 Car Garage

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • Ceiling Fan
  • Double Pane Windows
  • Tilt-In Windows
  • Living Room
  • Bonus Room
  • Fire and Smoke Detector

Kitchen

  • Range Hood
  • Dishwasher

Flooring

  • Parquet
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level

Basement

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

Outdoor Features

  • In Ground Pool
  • Covered patio or porch

Location

  • City Lot

Schools

  • Newport Grammar Elementary School
  • Cocke High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Natural Gas Not Available
  • Shared Well
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Laundry Facilities

Listing and Financial Details

  • Assessor Parcel Number 018.02

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,716

Year Built

Built in 1979

Lot Details

0

Parking

1

Listing Details

  • Carport Y N: No
  • Year Built: 1979
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.54
  • Lot Size: Irr
  • Subdivision Name: Other
  • Directions: from downtown Newport right onto Lincoln Ave follow then turn left onto Morrell Springs Rd look for signs on left Rack Ln follow to the end house on right
  • Above Grade Finished Sq Ft: 1624.0
  • Architectural Style: Ranch
  • New Construction: No
  • Location Tax and Legal:Tax Annual Amount: 1715.82
  • Location Tax and Legal:Tax Year2: 2022
  • Location Tax and Legal:Parcel Number2: 018.02
  • General Property Information:Lot Size Acres: 0.54
  • General Property Information:Lot Size Dimensions: Irr
  • General Property Information:Waterfront YN: No
  • Sewer:Public Sewer: Yes
  • Utilities:Cable Available: Yes
  • Location Tax and Legal:Elementary School: Newport Grammar
  • Location Tax and Legal:High School: Cocke
  • General Property Information:Living Area2: 2631.0
  • General Property Information:Above Grade Finished Area: 1624.0
  • General Property Information:Below Grade Finished Area: 1007.0
  • General Property Information:New Construction YN: No
  • General Property Information:Fireplace YN: No
  • General Property Information:Spa YN: No
  • General Property Information:Home Warranty YN: No
  • Additional Dwelling:Additional Dwelling YN: No
  • Architectural Style:Ranch: Yes
  • Cooling:Heat Pump: Yes
  • Flooring:Carpet: Yes
  • Flooring:Tile: Yes
  • Foundation Details:Block3: Yes
  • Levels:One: Yes
  • Roof:Shingle: Yes
  • Room Types:Basement3: Yes
  • Room Types:Living Room2: Yes
  • General Property Information:Basement YN: Yes
  • Flooring:Vinyl: Yes
  • Other Structures:Small Storage: Yes
  • Security Features:Smoke Detector(s): Yes
  • Room Types:Bonus Room: Yes
  • Utilities:Natural Gas Not Available: Yes
  • Laundry Features:Main Level: Yes
  • General Property Information:Pool Private YN: Yes
  • Pool Features:In Ground: Yes
  • Flooring:Parquet: Yes
  • Water Source:Shared Well: Yes
  • Room Types:Laundry: Yes
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Parquet, Tile, Vinyl
  • Appliances: Dishwasher, Electric Water Heater, Range, Range Hood
  • Basement: Block, Full, Walk-Out Access
  • Levels: One
  • Interior Amenities: Ceiling Fan(s)
  • Private Spa: No
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1007.0
  • Fireplace: No
  • Living Area: 2631.0
  • Window Features: Double Pane Windows, Tilt Windows, Vinyl Frames
  • Community Features:None4: Yes
  • Appliances Dishwasher: Yes
  • Basement:Block: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Appliances Range: Yes
  • Appliances:Range Hood: Yes
  • Appliances:Electric Water Heater: Yes
  • Basement:Walk-Out Access: Yes
  • Full Basement: Yes

Exterior Features

  • Roof: Shingle
  • Lot Features: City Lot, Rolling Slope, Other
  • Pool Features: In Ground
  • Pool Private: Yes
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Block
  • Other Structures: Small Storage
  • Patio And Porch Features: Covered, Porch
  • Lot Features:City Lot: Yes
  • Construction Materials:Brick: Yes
  • Window Features:Double Pane Windows: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Porch: Yes
  • Lot Features:Rolling Slope: Yes
  • Lot Features:Other21: Yes
  • Window Features:Tilt Windows: Yes
  • Window Features:Vinyl Frames: Yes

Garage/Parking

  • Garage Yn: Yes
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Basement, Garage
  • General Property Information:Garage YN: Yes
  • General Property Information:Garage Spaces: 1.0
  • Parking Features:Garage: Yes
  • General Property Information:Carport YN: No
  • Parking Features:Basement2: Yes

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Main Level
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Available, Natural Gas Not Available
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Community Features: None
  • Amenities: Laundry
  • Association Fee Frequency: Monthly
  • Association Name: na
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No
  • General Property Information:Association Fee Frequency: Monthly
  • General Property Information:Association Name: na

Schools

  • Elementary School: Newport Grammar
  • High School: Cocke

Lot Info

  • Lot Size Sq Ft: 23522.4
  • Parcel #: 018.02
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1715.82
  • Tax Map Number: 056G
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2023
Closed on
Mar 8, 2023
Sold by
Gregory Melanie
Bought by
Morriss Andrea De Fatima
Seller's Agent
JANICE JENKINS
BRIAN KELLER REALTY
Buyer's Agent
RACHEL ORLANDO
Southbound Real Estate
List Price
$233,400
Sold Price
$233,400
Current Estimated Value
$302,881

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,481
Avg. Annual Appreciation
9.32%
Original Mortgage
$233,100
Outstanding Balance
$227,070
Interest Rate
6.12%
Mortgage Type
FHA
Estimated Equity
$62,743

Purchase Details

Closed on
Dec 15, 2022
Sold by
Barry Gregory
Bought by
Gregory Melanie

Purchase Details

Closed on
Aug 31, 2001
Sold by
Greene Karen E and Greene George
Bought by
Gregory Barry
Source: Public Records

Range of Values:

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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
Morriss Andrea De Fatima $237,400 Colonial Title
Gregory Melanie -- --
Gregory Barry $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morriss Andrea De Fatima $233,100
Previous Owner Gregory Melanie $71,000
Previous Owner Gregory Barry $11,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2023 03/08/23 Sold $233,400 0.0% $89 / Sq Ft
02/06/2023 02/06/23 Pending -- -- --
01/22/2023 01/22/23 For Sale $233,400 -- $89 / 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 $2,311 $46,475 $6,225 $40,250
2023 $2,311 $46,475 $6,225 $40,250
2022 $1,716 $34,475 $6,225 $28,250
2021 $1,716 $34,475 $6,225 $28,250
2020 $1,716 $34,475 $6,225 $28,250
2019 $1,685 $30,800 $6,225 $24,575
2018 $1,685 $30,800 $6,225 $24,575
2017 $1,783 $30,800 $6,225 $24,575
2016 $1,687 $30,800 $6,225 $24,575
2015 $1,338 $30,800 $6,225 $24,575
2014 $1,338 $30,800 $6,225 $24,575
2013 $1,338 $32,275 $5,850 $26,425
Source: Public Records

Agents Affiliated with this Home

  • JANICE JENKINS

    Seller's Agent in 2023

    JANICE JENKINS

    BRIAN KELLER REALTY

    (865) 322-0700

    75 in this area

    136 Total Sales

    Section Image

  • R

    Buyer's Agent in 2023

    RACHEL ORLANDO

    Southbound Real Estate

    (423) 237-3755

    11 in this area

    75 Total Sales

    Section Image
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Map

Source: Lakeway Area Association of REALTORS®

MLS Number: 611105

Lakeway Area Association of REALTORS®

APN: 056G-E-018.02

Tennessee Cocke County Newport 37821

550 Rack Ln, Newport, TN

This home is located at 550 Rack Ln, Newport, TN 37821 since 22 January 2023 and is currently estimated at $308,434, approximately $117 per square foot. This property was built in 1979. 550 Rack Ln 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.

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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