$180,000
SOLD AUG 31, 2022

550 Summit Ridge Dr Newport, TN 37821

3 Beds
2 Baths
1,196 Sq Ft
0.32 Acres

Recently Sold

$151 Per Sq Ft

5% Below List Price

40 Days on Market

Highlights

  • Ranch Style House
  • Wood Flooring
  • Brick or Stone Mason
  • Newport Grammar School Rated A-
  • No HOA
  • Patio

About This Home

As of August 2022

Back on the market! Great basement rancher with lots of potential. Home is in a well established neighborhood, close to shopping, schools, hospital and the interstate. Open concept. The basement has a full bath, gas fireplace and brand new water softner. Fenced in back yard with a patio. You can add almost an additional 1,200 sq ft of living space by finishing off the basement. This is a must see for the price.

Last Agent to Sell the Property

Kimberley Vega

Prime Mountain Properties License #348081 Listed on: 06/15/2022

Last Buyer's Agent

Tina Webb

Prime Mountain Properties License #296662

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,357

Year Built

  • Built in 1962

Lot Details

  • 0.32 Acre Lot
  • Fenced

Home Design

  • Ranch Style House
  • Brick or Stone Mason
  • Composition Roof

Interior Spaces

  • 1,196 Sq Ft Home
  • Gas Log Fireplace
  • Wood Flooring
  • Walk-Out Basement
  • Attic Access Panel
  • Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Attached Carport
  • Driveway
  • Paved Parking

Outdoor Features

  • Patio
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Water Softener is Owned

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot /39
  • Assessor Parcel Number 056G E 008.00 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,357

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1962
  • Zoning: Residential
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Electric Dryer Hookup, Washer Hookup
  • Road Surface Type: Paved
  • Co List Office Mls Id: 325
  • Subdivision Name: Other
  • Above Grade Finished Sq Ft: 1196.0
  • Architectural Style: Ranch
  • Fireplace: Yes
  • Reso Flooring: Wood
  • Unit Levels: One
  • Location Tax and Legal Parcel Number2: 056G E 008.00 000
  • Location Tax and Legal Tax Lot2: /39
  • Location Tax and Legal:Tax Annual Amount: 1357.48
  • Location Tax and Legal Tax Year2: 2020
  • General Property Information Lot Size Acres: 0.32
  • General Property Information Above Grade Finished Area: 1196.0
  • General Property Information Below Grade Unfinished Area: 1196.0
  • General Property Information Bonus Room YN2: No
  • General Property Information Accessory Dwelling Unit YN2: No
  • General Property Information Home Warranty YN: No
  • General Property Information Construction Type2: Site Built
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Attic Features Access Only: Yes
  • Cooling:Central Air: Yes
  • Flooring Wood: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Roof:Composition: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Fencing Fenced: Yes
  • Levels:One: Yes
  • Architectural Style Ranch2: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Basement, Walk-Out Access
  • Appliances: Dryer, Electric Range, Refrigerator, Washer, Water Softener Owned
  • Street Number Modifier: 550
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log
  • Appliances:Electric Range: Yes
  • Basement:Basement2: Yes
  • Basement:Walk-Out Access: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Water Softener-Owned: Yes

Exterior Features

  • Exterior Features: Rain Gutters
  • Roof: Composition
  • Fencing: Fenced
  • Acres: 0.32
  • Home Warranty: No
  • Construction Type: Brick
  • Patio And Porch Features: Patio
  • Exterior Features:Rain Gutters: Yes
  • Construction Materials:Brick: Yes
  • Patio And Porch Features:Patio: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Attached Carport, Driveway, Paved
  • Parking Features:Driveway: Yes
  • Parking Features:Paved2: Yes
  • Parking Features:Attached Carport: Yes

Utilities

  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • HeatingCooling:Electric: Yes
  • Heating:Central: Yes
  • Heating:Electric4: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 13939.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 056G E 008.00 000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1357.48
  • Tax Lot: /39

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2022
Closed on
Aug 30, 2022
Sold by
Williams Joshua R
Bought by
Clark James Phillip and Landrum Erik
Seller's Agent
Kimberley Vega
Prime Mountain Properties
Buyer's Agent
Tina Webb
Prime Mountain Properties
List Price
$189,000
Sold Price
$180,000
Premium/Discount to List
-$9,000
-4.76%
Views
2

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.99%

Purchase Details

Listed on
Jul 26, 2021
Closed on
Sep 24, 2021
Sold by
Foreman Heather Lynn and Estate Of Dwayne Allen Fields
Bought by
Williams Joshua R
List Price
$144,900
Sold Price
$155,000
Premium/Discount to List
$10,100
6.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.44%
Original Mortgage
$156,565
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 9, 2017
Closed on
Feb 9, 2018
Sold by
Bennett Sharon L
Bought by
Blubaugh Daniel W and Fields Dwayne A
Seller's Agent
Chad Long
The Home Team Real Estate Co.
Buyer's Agent
NON-MLS NON-MEMBER
NON MEMBER FIRM
List Price
$109,900
Sold Price
$109,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.96%
Original Mortgage
$97,680
Interest Rate
3.99%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 7, 2010
Sold by
Hauther Johnie M
Bought by
Bennett Sharon L

Purchase Details

Closed on
Feb 6, 2002
Sold by
Bennett Sharon L
Bought by
Hauther Johnie M

Purchase Details

Closed on
Mar 29, 2001
Sold by
Suggs John A and Suggs Dorothy
Bought by
Bennett Sharon L
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $180,000 Tennessee Land Title
Warranty Deed $155,000 Smoky Mountain Title
Warranty Deed $109,900 Lakeway Title Services
Deed -- --
Deed $52,000 --
Deed $52,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $156,565 New Conventional
Previous Owner $97,680 Unknown
Previous Owner $97,680 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2025 07/16/25 Price Changed $299,000 -0.2% $125 / Sq Ft
06/03/2025 06/03/25 Price Changed $299,500 -2.0% $125 / Sq Ft
05/13/2025 05/13/25 Price Changed $305,500 -1.6% $128 / Sq Ft
04/07/2025 04/07/25 Price Changed $310,500 -1.6% $130 / Sq Ft
03/07/2025 03/07/25 Price Changed $315,500 -1.4% $132 / Sq Ft
02/14/2025 02/14/25 For Sale $319,900 +77.7% $134 / Sq Ft
11/29/2022 11/29/22 Off Market $180,000 -- --
08/31/2022 08/31/22 Sold $180,000 -2.7% $151 / Sq Ft
08/04/2022 08/04/22 Pending -- -- --
08/01/2022 08/01/22 Price Changed $185,000 -2.1% $155 / Sq Ft
06/24/2022 06/24/22 For Sale $189,000 +21.9% $158 / Sq Ft
09/24/2021 09/24/21 Sold $155,000 +7.0% $130 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
07/26/2021 07/26/21 For Sale $144,900 +31.8% $121 / Sq Ft
05/10/2019 05/10/19 Off Market $109,900 -- --
02/09/2018 02/09/18 Sold $109,900 0.0% $92 / Sq Ft
12/12/2017 12/12/17 Pending -- -- --
08/09/2017 08/09/17 For Sale $109,900 -- $92 / Sq Ft
Source: Great Smoky Mountains 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 $1,356 $27,275 $4,625 $22,650
2023 $1,356 $27,275 $4,625 $22,650
2022 $1,358 $27,275 $4,625 $22,650
2021 $1,358 $27,275 $4,625 $22,650
2020 $1,358 $27,275 $4,625 $22,650
2019 $1,329 $24,300 $4,625 $19,675
2018 $1,329 $24,300 $4,625 $19,675
2017 $1,407 $24,300 $4,625 $19,675
2016 $1,331 $24,300 $4,625 $19,675
2015 $1,063 $24,300 $4,625 $19,675
2014 $1,063 $24,300 $4,625 $19,675
2013 $1,063 $25,650 $4,500 $21,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 250237

Great Smoky Mountains Association of REALTORS®

APN: 056G-E-008.00