NOT LISTED FOR SALE

650 Panther Creek Rd Morristown, TN 37814

Estimated Value: $737,383 - $846,000

-- Bed
10 Baths
8,520 Sq Ft
$92/Sq Ft Est. Value

Last Sold July 20, 2020

Last sale price $475,000 $56 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $4,332/month

83 Days on Market

Highlights

  • Porch
  • Central Heating and Cooling System
  • Ceiling Fan
  • Patio

About This Home

As of July 2020

Excellent rental history. 6 units remodeled, 7 new heat and air units, recent exterior paint. Great location.

Last Agent to Sell the Property

ERIN DAVIS

The Realty House, Inc License #284285 Listed on: 03/09/2020

Last Buyer's Agent

BJ Kramps

RE/MAX Real Estate Ten Midtown License #303428

RE/MAX Real Estate Ten Midtown

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,917

Year Built

  • Built in 1981

Lot Details

  • 1.07 Acre Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Masonite
  • Stucco

Interior Spaces

  • Ceiling Fan
  • Metal Fireplace
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Range Hood
  • Dishwasher

Laundry

  • Laundry on main level
  • Laundry in Kitchen
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Patio
  • Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 020.11
  • Tax Block 3

Community Details

Overview

  • Property has a Home Owners Association
  • 8 Units

Building Details

  • Insurance Expense $3,090

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,917

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Carport Y N: No
  • Year Built: 1981
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 1.07
  • Lot Size: 0/0/0/0
  • Subdivision Name: Other
  • Directions: 11E to Panther Creek road. Property on the Right.
  • Location Tax and Legal:Tax Annual Amount: 1917.0
  • Location Tax and Legal:Parcel Number2: 020.11
  • Location Tax and Legal:Tax Block: 3
  • General Property Information:Lot Size Acres: 1.07
  • General Property Information:Lot Size Dimensions: 0/0/0/0
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • General Property Information:Fireplace YN: No
  • General Property Information:Spa YN: No
  • General Property Information:Home Warranty YN: No
  • Appliances Refrigerators: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Laundry Features:Washer Hookup: Yes
  • Security Features:Smoke Detector(s): Yes
  • Gross Scheduled Income: 59220.0
  • Income And Expenses New Taxes Expense: 1513.0
  • Cooling:Central Air: Yes
  • Cooling:Electric: Yes
  • Foundation Details:Slab: Yes
  • Laundry Features:Main Level: Yes
  • Laundry Features:Laundry Closet: Yes
  • General Property Information:Number Of Units Total2: 8.0
  • Roof:Metal: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Range Hood, Refrigerator
  • Interior Amenities: Ceiling Fan(s)
  • Private Spa: No
  • Fireplace Features: Metal
  • Fireplace: No
  • Appliances Dishwasher: Yes
  • Appliances:Electric Oven: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Appliances:Range Hood: Yes
  • Appliances:Electric Water Heater: Yes
  • Laundry Features:In Kitchen: Yes

Exterior Features

  • Home Warranty: No
  • Construction Type: Asphalt, Brick, Masonite, Stucco
  • Foundation Details: Slab
  • Patio And Porch Features: Patio, Porch
  • Construction Materials:Brick: Yes
  • Patio And Porch Features:Porch: Yes
  • Patio And Porch Features:Patio: Yes
  • Construction Materials:Stucco: Yes
  • Construction Materials:Masonite: Yes

Garage/Parking

  • General Property Information:Carport YN: No
  • Unit 1:Garage YN3: No
  • Unit 2:Garage YN4: No
  • Unit 3:Garage YN5: No
  • Unit 4:Garage YN6: No
  • Parking Features:Asphalt: Yes

Utilities

  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, In Kitchen, Laundry Closet, Main Level, Washer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric4: Yes

Condo/Co-op/Association

  • Amenities: Cable TV
  • Association: Yes

Association/Amenities

  • Association Amenities:Cable TV: Yes

Lot Info

  • Lot Size Sq Ft: 46609.2
  • Parcel #: 020.11
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 8

Tax Info

  • New Taxes Expense: 1513.0
  • Tax Annual Amount: 1917.0
  • Tax Block: 3
  • Tax Map Number: 040

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2021
Sold by
410 Properties Llc
Bought by
Robert Tolnai Pllc
Current Estimated Value
$734,105

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$254,446
Interest Rate
3.05%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$532,015

Purchase Details

Listed on
Mar 9, 2020
Closed on
Jul 20, 2020
Sold by
Marshall Properties Llc
Bought by
410 Properties Llc
Seller's Agent
ERIN DAVIS
The Realty House, Inc
Buyer's Agent
BJ Kramps
RE/MAX Real Estate Ten Midtown
List Price
$529,900
Sold Price
$475,000
Premium/Discount to List
-$54,900
-10.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.54%

Purchase Details

Closed on
Nov 29, 2012
Sold by
Jenkins William J
Bought by
Marshall Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,800
Interest Rate
3.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 2, 2011
Bought by
Jenkins William J and Jenkins Ruth L

Purchase Details

Closed on
Apr 15, 2005
Sold by
Wadlington Laura R
Bought by
Jenkins William J

Purchase Details

Closed on
Mar 25, 1998
Sold by
Jake Brummitt and Jake Erma
Bought by
Wadlington Laura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
8.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 12, 1987
Bought by
Brummitt Jake and Brummitt Erma

Purchase Details

Closed on
Jan 3, 1987

Purchase Details

Closed on
Jan 2, 1987
Bought by
Brummitt Jake and Brummitt Erma

Purchase Details

Closed on
Sep 15, 1983
Bought by
Hurst Clorine J

Purchase Details

Closed on
May 4, 1981
Bought by
Hurst Larry W

Purchase Details

Closed on
Jan 6, 1981
Bought by
Hurst Clorine J

Purchase Details

Closed on
Feb 25, 1980
Bought by
Hurst Clorine J and Hurst Larry
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 Buyer Sale Price Title Company
Robert Tolnai Pllc $485,000 Lakeway Title Services
410 Properties Llc $475,000 None Available
Rector Gary -- Colonial Title Group Inc
Marshall Properties Llc $296,000 --
Jenkins William J -- --
Jenkins William J $250,000 --
Wadlington Laura $200,000 --
Brummitt Jake -- --
-- $114,000 --
Brummitt Jake $114,000 --
Hurst Clorine J $4,800 --
Hurst Larry W -- --
Hurst Clorine J -- --
Hurst Clorine J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robert Tolnai Pllc $400,000
Previous Owner Marshall Properties Llc $216,000
Previous Owner Marshall Properties Llc $236,800
Previous Owner Laura Wadlington $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2020 07/20/20 Sold $475,000 -10.4% $56 / Sq Ft
05/31/2020 05/31/20 Pending -- -- --
03/09/2020 03/09/20 For Sale $529,900 -- $62 / 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 $3,334 $189,440 $13,680 $175,760
2023 $3,334 $189,440 $0 $0
2022 $5,986 $189,440 $13,680 $175,760
2021 $5,986 $189,440 $13,680 $175,760
2020 $3,760 $189,440 $13,680 $175,760
2019 $3,431 $100,920 $10,080 $90,840
2018 $3,179 $100,920 $10,080 $90,840
2017 $3,128 $100,920 $10,080 $90,840
2016 $2,987 $100,920 $10,080 $90,840
2015 $2,779 $100,920 $10,080 $90,840
2014 -- $100,920 $10,080 $90,840
2013 -- $131,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • ERIN DAVIS

    Seller's Agent in 2020

    ERIN DAVIS

    The Realty House, Inc

    (423) 748-4381

    50 Total Sales

    Section Image
  • BJ Kramps

    Buyer's Agent in 2020

    BJ Kramps

    RE/MAX

    (423) 258-2114

    150 Total Sales

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Map

Source: Lakeway Area Association of REALTORS®

MLS Number: 587911

Lakeway Area Association of REALTORS®

APN: 040-020.11

Tennessee Hamblen County Morristown 37814

650 Panther Creek Rd, Morristown, TN

This home is located at 650 Panther Creek Rd, Morristown, TN 37814 since 09 March 2020 and is currently estimated at $786,461, approximately $92 per square foot. This property was built in 1981. 650 Panther Creek Rd is a home located in Hamblen County with nearby schools including Alpha Elementary School, West View Middle School, and Morristown West High School.

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.

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