NOT LISTED FOR SALE

593 Lakeway Rd Morristown, TN 37814

Estimated Value: $164,000 - $269,000

3 Beds
1 Bath
1,040 Sq Ft
$198/Sq Ft Est. Value

Last Sold November 11, 2019

Last sale price $98,000 $94 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $1,119/month

127 Days on Market

Highlights

  • Barn
  • Ranch Style House
  • No HOA
  • Wooded Lot
  • Wood Flooring
  • Porch

About This Home

As of November 2019

Move in ready! This one level three bedrooms, one bath; single story home sits on nearly two acres just outside the city limits. It is near Cherokee Lake and approximately 2 miles from a TVA public boat access. Each room has been freshly painted and the original hardwood floors have been refinished. The new metal roof was added approximately 2 years ago. This property also includes a detached 26x30 two-car garage and a barn that have the potential to add even greater value when restored. The back portion of the property has a very nice building site.

Last Agent to Sell the Property

Glenn Starnes

Crye-Leike Lakeway Real Estate Listed on: 05/18/2019

Last Buyer's Agent

Glenn Starnes

Crye-Leike Lakeway Real Estate Listed on: 05/18/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $342

Year Built

  • Built in 1960

Lot Details

  • 1.9 Acre Lot
  • Lot Has A Rolling Slope
  • Wooded Lot

Home Design

  • Ranch Style House
  • Metal Siding

Interior Spaces

  • 1,040 Sq Ft Home
  • Metal Fireplace
  • Window Treatments
  • Electric Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry in Kitchen
  • Washer and Electric Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Private Water Source
  • Well
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Additional Features

  • Porch
  • Barn

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 048.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$342

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Carport Y N: No
  • Year Built: 1960
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.9
  • Lot Size: 0/0/0/0
  • Subdivision Name: None
  • Directions: From Morristown, take Walters Drive (1.9 miles) to Cherokee Drive. Turn left onto Cherokee continue to Lakeway Rd. (3.1 miles) and stay left for .4 miles. House is on the left. Look for sign.
  • Above Grade Finished Sq Ft: 1040.0
  • Architectural Style: Ranch
  • New Construction: No
  • Location Tax and Legal:Tax Annual Amount: 342.4
  • Location Tax and Legal:Tax Year2: 2018
  • Location Tax and Legal:Parcel Number2: 048.00
  • General Property Information:Lot Size Acres: 1.9
  • General Property Information:Lot Size Dimensions: 0/0/0/0
  • General Property Information:Waterfront YN: No
  • Utilities:Cable Available: Yes
  • General Property Information:Living Area2: 1040.0
  • General Property Information:Above Grade Finished Area: 1040.0
  • 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
  • Laundry Features:Electric Dryer Hookup: Yes
  • Laundry Features:Washer Hookup: Yes
  • Levels:One: Yes
  • General Property Information:Basement YN: No
  • Flooring:Hardwood: Yes
  • Flooring:Vinyl: Yes
  • Cooling:Central Air: Yes
  • Water Source:Private5: Yes
  • Water Source:Well: Yes
  • Other Structures:Barn(s): Yes
  • Other Structures:Shed(s): Yes
  • Roof:Metal: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Hardwood, Vinyl
  • Appliances: Electric Oven, Electric Range, Electric Water Heater
  • Levels: One
  • Private Spa: No
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Metal
  • Fireplace: No
  • Living Area: 1040.0
  • Window Features: Window Treatments
  • Appliances:Electric Oven: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Electric Water Heater: Yes
  • Laundry Features:In Kitchen: Yes

Exterior Features

  • Lot Features: Rolling Slope, Wooded, Other
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Asphalt, Metal Siding
  • Other Structures: Barn(s), Shed(s), Other
  • Patio And Porch Features: Porch
  • Patio And Porch Features:Porch: Yes
  • Lot Features:Rolling Slope: Yes
  • Lot Features:Other21: Yes
  • Construction Materials:Metal Siding: Yes
  • Window Features:Window Treatments: Yes
  • Lot Features:Wooded: Yes

Garage/Parking

  • Garage Yn: No
  • General Property Information:Garage YN: No
  • General Property Information:Carport YN: No
  • Parking Features:Asphalt: Yes

Utilities

  • Cooling: Central Air, Heat Pump
  • Heating: Central, Heat Pump
  • Sewer: Septic Tank
  • Laundry Features: Electric Dryer Hookup, In Kitchen, Washer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Cable Available
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Monthly
  • Association: No

Association/Amenities

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

Lot Info

  • Lot Size Sq Ft: 82764.0
  • Parcel #: 048.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 342.4
  • Tax Map Number: 023
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2019
Closed on
Nov 11, 2019
Sold by
Brotherton Annie C and Edwards Kathy
Bought by
Sams Randy C and Sams Denise L
Seller's Agent
Glenn Starnes
Crye-Leike Lakeway Real Estate
Buyer's Agent
Glenn Starnes
Crye-Leike Lakeway Real Estate
List Price
$89,900
Sold Price
$98,000
Premium/Discount to List
$8,100
9.01%
Current Estimated Value
$206,022

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,022
Avg. Annual Appreciation
13.11%
Original Mortgage
$88,200
Outstanding Balance
$77,593
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$128,429

Purchase Details

Closed on
Aug 24, 2005
Sold by
Brotherton Annie C
Bought by
Edwards Kathy and Brotherton Clarence Michael

Purchase Details

Closed on
Mar 14, 1964
Bought by
Brotherton Andrew and Brotherton Annie C
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
Sams Randy C $98,000 None Available
Edwards Kathy -- None Available
Brotherton Andrew -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sams Randy C $88,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/11/2019 11/11/19 Sold $98,000 +9.0% $94 / Sq Ft
09/22/2019 09/22/19 Pending -- -- --
05/18/2019 05/18/19 For Sale $89,900 -- $86 / 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 $401 $20,375 $5,650 $14,725
2023 $401 $20,375 $0 $0
2022 $401 $20,375 $5,650 $14,725
2021 $401 $20,375 $5,650 $14,725
2020 $401 $20,375 $5,650 $14,725
2019 $320 $16,075 $5,650 $10,425
2018 $320 $16,075 $5,650 $10,425
2017 $320 $16,075 $5,650 $10,425
2016 $320 $16,075 $5,650 $10,425
2015 $297 $16,075 $5,650 $10,425
2014 -- $16,075 $5,650 $10,425
2013 -- $18,550 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lakeway Area Association of REALTORS®

MLS Number: 583653

Lakeway Area Association of REALTORS®

APN: 023-048.00