$155,000
SOLD SEP 27, 2024

603 Franklin Ln Morristown, TN 37814

3 Beds
2 Baths
1,214 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$128 Per Sq Ft

12% Below List Price

2 Days on Market

Highlights

  • Deck
  • Mud Room
  • Covered Patio or Porch
  • Traditional Architecture
  • No HOA
  • Separate Outdoor Workshop

About This Home

As of September 2024

If you have been searching for a cozy primary residence or a smart investment property, here it is. This centrally located home offers endless opportunities with 3 BR, 2 Full BA, a separate Dining Rm or use as an Office. This home is 1214 sq ft., and an 18 x 26 Garage/Workshop. Do not Forget the back yard is completely fenced in and the original Hardwood Floors are still there, a new Waterproof Laminate Floor has been installed over it. The home has all new windows and storm doors. Since this home is in the city, you have Public Water, Sewer, and Garbage Pickup. This home is centrally located which means you are close to Churches, Shopping, Restaurants, Fast Foods, and Grocery Stores. Imagine the possibilities, call and make your appointment to see it today.

Last Agent to Sell the Property

Cheryl Fillers

Greeneville Real Estate & Auction Team License #323416 Listed on: 09/20/2024

Last Buyer's Agent

Hix Masengill

Century 21 Masengill-McCrary Realtors License #6333

Century 21 Masengill-McCrary Realtors

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $280

Year Built

  • Built in 1940

Lot Details

  • 9,583 Sq Ft Lot
  • Back Yard Fenced
  • Landscaped
  • Level Lot
  • Property is in average condition
  • Property is zoned R2

Parking

  • 1 Car Garage
  • Dirt Driveway

Home Design

  • Traditional Architecture
  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,214 Sq Ft Home
  • 1-Story Property
  • Paneling
  • Ceiling Fan
  • Double Pane Windows
  • Mud Room
  • Combination Kitchen and Dining Room
  • Storm Doors
  • Washer and Electric Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Electric Range

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Soaking Tub
  • Shower Only

Basement

  • Dirt Floor
  • Crawl Space

Outdoor Features

  • Deck
  • Covered Patio or Porch
  • Separate Outdoor Workshop

Schools

  • Hillcrest Elementary School
  • Meadowview Middle School
  • Morristown East High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • FHA/VA Approved Complex

Listing and Financial Details

  • Assessor Parcel Number 034h A 009.00
  • Seller Considering Concessions

Home Details

Home Type

Single Family

Est. Annual Taxes

$280

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Directions: From W Andrew Johnson Hwy. turn onto Anderson St., Turn left onto E Fourth North St. Turn right onto Franklin Lane. House is on your left. See Sign
  • Prop. Type: Residential
  • Year Built: 1940
  • Garage Garage Spaces: 1
  • Property Sub Type: Single Family Residence
  • Reso Association Amenities: Landscaping
  • Subdivision Name: Not In Subdivision
  • Architectural Style: Traditional
  • Unit Levels: One
  • New Construction: No
  • Reso Structure Type: House
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.22
  • General Property Description Zoning2: R2
  • General Property Description Elementary School3: Hillcrest
  • General Property Description Middle School2: Meadowview
  • General Property Description High School3: Morristown East
  • General Property Description HOA YN: No
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 60x153 IRR
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 1214.0
  • General Property Description Above Grade SqFt: 1214.0
  • Appliances Refrigerators: Yes
  • TopographyLot Description Level2: Yes
  • General Property Description Parcel ID2: 034h A 009.00
  • Roof Shingle: Yes
  • AC Heat Pump3: Yes
  • Financing FHA: Yes
  • General Property Description Stories2: 1
  • Other Structures Workshop3: Yes
  • Interior Features KitchenDining Combo: Yes
  • Interior Features Shower Only: Yes
  • AC Ceiling Fan(s): Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Laminate: Yes
  • Utilities Cable Available: Yes
  • Foundation Block6: Yes
  • Fencing Back Yard: Yes
  • Flooring Vinyl: Yes
  • Walls Paneling: Yes
  • Property Condition Average: Yes
  • Levels One: Yes
  • General Property Description Senior Community YN3: No
  • Utilities:Electricity Connected: Yes
  • Utilities Water Connected: Yes
  • Utilities Sewer Connected: Yes
  • Structure Type:House: Yes
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Refrigerator
  • Has Basement: Crawl Space, Dirt Floor
  • Flooring: Laminate, Vinyl
  • Interior Amenities: Eat-in Kitchen, Kitchen/Dining Combo, Pantry, Shower Only, Soaking Tub
  • Window Features: Double Pane Windows
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Storm Door(s)
  • Total Bedrooms: 8
  • General Property Description Baths - Full: 2
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Pantry: Yes
  • Interior Features:Soaking Tub: Yes
  • Appliances:Electric Range: Yes
  • Basement:Crawl Space: Yes
  • Basement:Dirt Floor: Yes
  • Other Rooms:Mud Room: Yes

Exterior Features

  • Property Condition: Average
  • Roof: Shingle
  • Fencing: Back Yard
  • Acres: 0.22
  • Topography: Level
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Block
  • Patio And Porch Features: Back, Covered, Deck, Front Porch, Side Porch
  • Exterior Finish Vinyl Siding: Yes
  • Window Features:Double Pane Windows: Yes
  • PorchPatioDeck Back: Yes
  • PorchPatioDeck Covered: Yes
  • PorchPatioDeck Deck: Yes
  • PorchPatioDeck Front Porch: Yes
  • PorchPatioDeck Side Porch: Yes
  • Door Features:Storm Door(s): Yes

Garage/Parking

  • Parking Features: Unpaved
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Other Structures:Garage(s): Yes
  • Parking Features:Dirt: Yes

Utilities

  • Heating: Electric, Heat Pump
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Sewer Connected, Water Connected
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Ceiling Fan(s), Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • AmenitiesLandscaping: Yes

Schools

  • Elementary School: Hillcrest
  • High School: Morristown East
  • Middle Or Junior School: Meadowview

Lot Info

  • Zoning: R2
  • Lot Dimensions: 60x153 IRR
  • Lot Size Sq Ft: 9583.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 034h A 009.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Book Number: 1705

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2024
Closed on
Sep 27, 2024
Sold by
Mcgarvey Michael J and Mcgarvey Gretchen N
Bought by
Patel Tejash and Patel Bhavin
Seller's Agent
Cheryl Fillers
Greeneville Real Estate & Auction Team
Buyer's Agent
Hix Masengill
Century 21 Masengill-McCrary Realtors
List Price
$177,000
Sold Price
$155,000
Premium/Discount to List
-$22,000
-12.43%
Views
20
Current Estimated Value
$168,841

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,841
Avg. Annual Appreciation
14.76%

Purchase Details

Closed on
Apr 28, 2017
Sold by
Spectrum Properties Llc
Bought by
Mcgarvey Michael J and Mcgarvey Gretchen N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,272
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 2009
Sold by
Loftin Bobby R
Bought by
Spectrum Properties Llc

Purchase Details

Closed on
Oct 23, 2003
Sold by
Roberts Allen
Bought by
Loftin Bobby R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,430
Interest Rate
6.03%

Purchase Details

Closed on
Aug 14, 2000
Sold by
Osborne J P L E
Bought by
Janice Roberts

Purchase Details

Closed on
Mar 2, 1996
Sold by
Terry Williams
Bought by
Williams Terry D

Purchase Details

Closed on
Mar 1, 1996
Bought by
Williams Terry

Purchase Details

Closed on
Aug 15, 1955
Bought by
Osborne Osborne J and Osborne Bertie
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $155,000 Lakeway Title Services
Warranty Deed $61,500 --
Deed $36,237 --
Deed $59,900 --
Deed -- --
Deed $30,600 --
Deed $30,600 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $67,272 New Conventional
Previous Owner $40,000 No Value Available
Previous Owner $92,292 No Value Available
Previous Owner $24,134 No Value Available
Previous Owner $21,735 No Value Available
Previous Owner $59,430 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2024 09/27/24 Sold $155,000 -12.4% $128 / Sq Ft
09/22/2024 09/22/24 Pending -- -- --
09/20/2024 09/20/24 For Sale $177,000 -- $146 / Sq Ft
Source: Tennessee/Virginia Regional MLS

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 $280 $15,925 $2,700 $13,225
2023 $280 $15,925 $0 $0
2022 $503 $15,925 $2,700 $13,225
2021 $503 $15,925 $2,700 $13,225
2020 $502 $15,925 $2,700 $13,225
2019 $485 $14,250 $2,475 $11,775
2018 $449 $14,250 $2,475 $11,775
2017 $442 $14,250 $2,475 $11,775
2016 $422 $14,250 $2,475 $11,775
2015 $392 $14,250 $2,475 $11,775
2014 -- $14,250 $2,475 $11,775
2013 -- $15,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9971436

Tennessee/Virginia Regional MLS

APN: 034H-A-009.00