550 Summit Ridge Dr Newport, TN 37821
Estimated payment $1,768/month
Total Views
16,487
4
Beds
2
Baths
2,392
Sq Ft
$125
Price per Sq Ft
Highlights
- Mountain View
- Wood Flooring
- Bonus Room
- Newport Grammar School Rated A-
- 1 Fireplace
- Galley Kitchen
About This Home
Buyers have your agent schedule a tour of this property, the sellers are MOTIVATED and want to help you make this your home. First time home buyers this is your opportunity!! This spacious 4-bedroom, 2-bath home offers 2,392 sq ft with ample living space with peaceful views and a location that has it all, perfect for those who appreciate room to spread out. This home is ideally located near shopping centers. Inside, the home features updates, including security system a brand-new HVAC system, refrigerator, and double ovens. This home offers a walk-in shower on the main level while the main level adds ease of living, while the downstairs living room and bonus room create versatile options for work or play. This home comes with a reverse osmosis system and whole-house water filter providing clean, purified water throughout. The backyard is fully fenced, offering privacy and a secure area. After a full day enjoy the evening on the side porch in your hot tub, whether you enjoy outdoor entertaining or simply relaxing in a peaceful setting, the backyard is an excellent feature. The yard also features a new storage shed. Home is conveniently located above the famous Grease Rack Restaurant, and hospitals, offering both convenience and easy access to essential amenities. Close to I-40 interstate exchange allowing the convenience to visit surrounding towns like Pigeon forge, Gatlinburg, Dandridge and Knoxville. A short drive to Douglas Lake enabling summertime enjoyment of fishing and boating.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1962
Lot Details
- 0.32 Acre Lot
- Fenced
Parking
- Driveway
Home Design
- Property Attached
- Brick Exterior Construction
- Frame Construction
- Asphalt Roof
Interior Spaces
- 2,392 Sq Ft Home
- 1-Story Property
- 1 Fireplace
- Living Room
- Bonus Room
- Mountain Views
Kitchen
- Galley Kitchen
- Oven
- Tile Countertops
Flooring
- Wood
- Linoleum
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Outdoor Features
- Shed
Utilities
- Zoned Heating and Cooling System
- Heat Pump System
Community Details
- Sunrise Hills Subdivision
Map
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Home Values in the Area
Average Home Value in this Area
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
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: My State MLS
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
Similar Homes in Newport, TN
Source: My State MLS
MLS Number: 11434059
APN: 056G-E-008.00
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