NOT LISTED FOR SALE

550 Rack Ln Newport, TN 37821

Newport Area

Estimated Value: $332,738

4 Beds
2 Baths
2,631 Sq Ft
$126/Sq Ft Est. Value

Sale Details

Date Sold: March 8, 2023

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

Est. 43% increase in value since last sale

Current estimated payment $2,076 / mo

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,716

Year Built

  • Built in 1979

Lot Details

  • 23,522 Sq Ft 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

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

  • 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

0.54 Acres

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
  • Additional Dwelling:Additional Dwelling YN: No
  • Room Type: Primary Bedroom
  • Room Type: Living Room
  • Room Type: Laundry
  • Room Type: Bathroom 2
  • Room Type: Bathroom 1
  • Room Type: Kitchen
  • Room Type: Bedroom 2
  • Room Type: Bedroom 3
  • Room Type: Bedroom 4
  • Room Type: Bonus Room
  • General Property Information:Pool Private YN: 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, Vinyl Frames, Tilt Windows

Exterior Features

  • Roof: Shingle
  • Lot Features: City Lot, Other, Rolling Slope
  • 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

Garage/Parking

  • Garage Yn: Yes
  • Garage Spaces: 1.0
  • Parking Features: Basement, Garage

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Main Level
  • Utilities: Cable Available, Natural Gas Not Available
  • Water Source: Shared Well

Condo/Co-op/Association

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

Schools

  • Elementary School: Newport Grammar
  • High School: Cocke

Lot Info

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

Tax Info

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2023
Closed on
Mar 8, 2023
Sold by
Gregory Melanie
Bought by
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
$332,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,338
Avg. Annual Appreciation
10.57%
Original Mortgage
$233,100
Outstanding Balance
$223,020
Interest Rate
6.25%
Mortgage Type
FHA
Estimated Equity
$109,718

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Newport, TN

  • Eddie Yokley Real Estate Agent - CLASS Realty

    Eddie Yokley

    CLASS Realty

    (423) 818-9810

    51 Total Sales

    1 in Newport

    $256,000 Price

    Eddie Yokley
     Section Image
  • Tammy J. & Chad Smith Real Estate Agent - LPT Realty, LLC

    Tammy J. & Chad Smith

    LPT Realty, LLC

    (865) 328-9747

    62 Total Sales

    1 in Newport

    $256,000 Price

    Tammy J. & Chad Smith
     Section Image
  • Hix Masengill Real Estate Agent - Century 21 Masengill-McCrary Realtors

    Hix Masengill

    Century 21 Masengill-McCrary Realtors

    (423) 621-4651

    160 Total Sales

    1 in Newport

    $107,000 Price

    Hix Masengill
     Section Image
  • Laura Dickerson Real Estate Agent - Keller Williams Properties

    Laura Dickerson

    Keller Williams Properties

    (865) 674-4983

    191 Total Sales

    1 in Newport

    $170,000 Price

    Laura Dickerson
     Section Image
  • Fred Taylor Real Estate Agent - Taylor Realty & Associates, LLC

    Fred Taylor

    Responds Quickly

    Taylor Realty & Associates, LLC

    (865) 507-2291

    59 Total Sales

    2 in Newport

    $190K - $245K Price Range

    Fred Taylor
     Section Image
  • Lauren Castle Real Estate Agent - Castle & Associates Real Estate

    Lauren Castle

    Responds Quickly

    Castle & Associates Real Estate

    (865) 674-9602

    202 Total Sales

    1 in Newport

    $440,000 Price

    Lauren Castle
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$237,400 Colonial Title
Gregory Melanie -- --
Gregory Barry $95,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $233,100
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $2,378 $78,650 $10,700 $67,950
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 Real Estate Agent - Brian Keller Realty

    Seller's Agent in 2023

    JANICE JENKINS

    Brian Keller Realty

    (865) 322-0700

    120 Total Sales

    JANICE JENKINS
    Section Image

  • RO

    Buyer's Agent in 2023

    RACHEL ORLANDO

    Southbound Real Estate

    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

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.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393 - 17600 Laguna Canyon Rd, Irvine, CA 92618.

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