NOT LISTED FOR SALE

711 Melrose Way Unit 725 Newport, TN 37821

Estimated Value: $170,000 - $235,000

3 Beds
2 Baths
1,428 Sq Ft
$142/Sq Ft Est. Value

Last Sold April 20, 2021

Last sale price $150,000 $105 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,182/month

4 Days on Market

Highlights

  • Ranch Style House
  • Double Pane Windows
  • Central Air
  • Newport Grammar School Rated A-
  • Tile Flooring
  • Level Lot

About This Home

As of April 2021

REMODELED & MOVE IN READY 3 BR/2 BA, 1428 SQ FT ONE LEVEL RANCH! WONDERFUL STARTER OR RETIREMENT PROPERTY OFFERING NEW LAMINATE FLOORING, TILE FLOORING IN KITCHEN-BATHS & LAUNDRY ROOM, KITCHEN APPLIANCES, CEILING FANS & MORE! HOME ALSO OFFERS MASTER BATH, OAK CABINETRY & ATTACHED GARAGE IS FINISHED AND CAN BE USED AS DEN OR BONUS LIVING SPACE. IDEALLY LOCATED & ONLY 1 MILE FROM DOWNTOWN NEWPORT W/CLOSE PROXIMITY TO SHOPPING, RESTAURANTS, CITY RECREATION PARK, EASTERN ENTRANCE OF THE GREAT SMOKY MTN NATIONAL PARK, I-40, RIVER RAFTING, APPALACHAIN TRAIL, TROUT FILLED STREAMS & DOUGLAS LAKE! CENTRALLY LOCATED TO GATLINBURG, PIGEON FORGE, MAGGIE VALLEY, ASHEVILLE & KNOXVILLE! DRONE PICTURES USED IN LISTING.

Last Agent to Sell the Property

Rae Massey

Massey Realty License #311729 Listed on: 03/17/2021

Last Buyer's Agent

Non Member

Non Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,309

Year Built

  • Built in 1990 | Remodeled

Lot Details

  • 8,712 Sq Ft Lot
  • Level Lot
  • Property is in good condition

Home Design

  • Ranch Style House
  • Slab Foundation
  • Metal Roof
  • Vinyl Siding
  • Stone Veneer

Interior Spaces

  • 1,428 Sq Ft Home
  • Double Pane Windows
  • Washer and Electric Dryer Hookup

Kitchen

  • Electric Range
  • Microwave
  • Laminate Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Northwest Elementary School
  • Newport Grammar Middle School
  • Cocke Co High School

Utilities

  • Central Air
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number P/O 022.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,309

Year Built

Built in 1990 | Remodeled

Lot Details

0

Listing Details

  • Directions: FROM I-40 EXIT# 435 GO HWY 321 FOR 2.8 MILES, RIGHT ON BLAZER ST & BEAR LEFT ONTO MUSTERFIELD RD, FOLLOW AROUND TO A LEFT ON MELROSE WAY, SIGN!
  • Prop. Type: Residential
  • Year Built: 1990
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • 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: 0.2
  • General Property Description Zoning2: None
  • General Property Description Elementary School3: Northwest
  • General Property Description Middle School2: Newport Grammar
  • General Property Description High School3: Cocke Co
  • Property Condition Above Average: Yes
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 111/88/101/67
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 1428.0
  • AC Central Air: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • TopographyLot Description Level2: Yes
  • Flooring Tile2: Yes
  • General Property Description Parcel ID2: P/O 022.00
  • Style Ranch: Yes
  • AC Heat Pump3: Yes
  • TopographyLot Description Rolling Slope: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Laminate: Yes
  • Utilities Cable Available: Yes
  • Roof Metal3: Yes
  • Foundation Slab: Yes
  • Levels One: Yes
  • Structure Type:House: Yes
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Microwave, Refrigerator
  • Flooring: Laminate, Tile
  • Interior Amenities: Laminate Counters, Remodeled
  • Window Features: Double Pane Windows
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Total Bedrooms: 7
  • General Property Description Baths - Full: 2
  • InteriorFeatures:Remodeled: Yes
  • Interior Features:Laminate Counters: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Property Condition: Above Average
  • Roof: Metal
  • Acres: 0.2
  • Topography: Level, Rolling Slope
  • Home Warranty: No
  • Construction Type: Stone Veneer, Vinyl Siding
  • Foundation Details: Slab
  • Exterior Finish Vinyl Siding: Yes
  • Window Features:Double Pane Windows: Yes
  • Exterior Finish Stone Veneer: Yes

Utilities

  • Heating: Electric, Heat Pump
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Central Air, Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes
  • Heating:Electric: Yes

Schools

  • Elementary School: Northwest
  • High School: Cocke Co
  • Middle Or Junior School: Newport Grammar

Lot Info

  • Zoning: None
  • Lot Dimensions: 111/88/101/67
  • Lot Size Sq Ft: 8712.0
  • ResoLotSizeUnits: Acres
  • Parcel #: P/O 022.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Book Number: 1509

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2024
Sold by
Sandburg Mark and Sandburg Nicole
Bought by
Singh Harry
Current Estimated Value
$202,920

Purchase Details

Closed on
Jul 8, 2022
Sold by
Michael Gentry
Bought by
Sandburg Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,649
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 17, 2021
Closed on
Apr 20, 2021
Sold by
Triple G Properties
Bought by
Gosnell Devon M
Seller's Agent
Rae Massey
Massey Realty
Buyer's Agent
Non Member
Non Member
List Price
$149,000
Sold Price
$150,000
Premium/Discount to List
$1,000
0.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.95%
Original Mortgage
$145,500
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 16, 2019
Sold by
Triple G Properties
Bought by
Smith Aaron G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$107,000
Interest Rate
3.9%
Mortgage Type
VA

Purchase Details

Closed on
Apr 16, 2010
Sold by
Triple G Properties
Bought by
Gentry Ralph

Purchase Details

Closed on
May 8, 2000
Sold by
Gentry Michael
Bought by
Triple G Property

Purchase Details

Closed on
Jan 11, 1990
Bought by
Gentry Ralph

Purchase Details

Closed on
Oct 18, 1989
Bought by
Gentry Ralph

Purchase Details

Closed on
Aug 28, 1989
Bought by
Gentry Ralph and Gentry Barbara
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
Singh Harry $225,000 None Listed On Document
Sandburg Mark $185,000 Mcsween Mcsween & Greene Pllc
Gosnell Devon M $150,000 None Available
Smith Aaron G $107,000 First American Mortgage Sln
Gentry Ralph -- --
Triple G Property -- --
Gentry Michael -- --
Gentry Ralph $10,000 --
Gentry Ralph $10,000 --
Gentry Ralph $1,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sandburg Mark $181,649
Previous Owner Gosnell Devon M $145,500
Previous Owner Smith Aaron G $107,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/20/2021 04/20/21 Sold $150,000 +0.7% $105 / Sq Ft
03/22/2021 03/22/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $149,000 -- $104 / 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 $1,309 $26,325 $4,050 $22,275
2023 $1,309 $26,325 $4,050 $22,275
2022 $2,478 $49,800 $5,550 $44,250
2021 $2,478 $49,800 $5,550 $44,250
2020 $4,337 $87,150 $7,025 $80,125
2019 $6,081 $111,200 $6,100 $105,100
2018 $6,081 $111,200 $6,100 $105,100
2017 $6,437 $111,200 $6,100 $105,100
2016 $6,089 $111,200 $6,100 $105,100
2015 $4,816 $111,200 $6,100 $105,100
2014 $4,816 $111,200 $6,100 $105,100
2013 $4,816 $116,175 $6,150 $110,025
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9919725

Tennessee/Virginia Regional MLS

APN: 047L-A-022.00