NOT LISTED FOR SALE

740 E 1st St N Morristown, TN 37814

Morristown Area

Estimated Value: $1,150,000 - $1,224,426

Studio
17 Baths
11,430 Sq Ft
$104/Sq Ft Est. Value

Sale Details

Date Sold: May 20, 2022

Last sale price $950,000 $83 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $6,833 / mo

5 Days on Market

Highlights

  • 0.91 Acre Lot
  • Wood Siding
  • Wall Furnace
  • Porch

About This Home

As of May 2022

Cedartown apartments. 16 doors. 14 one bedrooms and 2 efficiency apartments. Hotel unit heat and air. Each unit is equipment with an electric range and refrigerator. Seller charges rent weekly. One bedroom units pay $145/week and the efficiency pays $135/ week. The complex is on one water meter and seller pays the water. Tenants pay any electric over $100/month. Expense breakdown in realtor associated docs. Seller will accept offers for 7 days and will make a decision on 3.21.22 by 8 PM.

Last Agent to Sell the Property

Laura Dickerson

Keller Williams Properties License #326690 Listed on: 03/13/2022

Keller Williams Properties

Last Buyer's Agent

Joe Patel

RE/MAX Real Estate Ten Midtown License #330548

RE/MAX Real Estate Ten Midtown

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,886

Year Built

  • Built in 1975

Lot Details

  • 39,640 Sq Ft Lot
  • Lot Dimensions are 171 x 242 x 170 x 228

Home Design

  • Block Foundation
  • Slab Foundation
  • Shingle Roof
  • Wood Siding

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Electric Water Heater

Additional Features

  • Electric Range
  • Block Basement Construction
  • Porch
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 013.00

Community Details

Overview

  • 16 Units

Building Details

  • 1 Separate Water Meter
  • Insurance Expense $3,247
  • Net Operating Income $66,744

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,886

Year Built

Built in 1975

Lot Details

0.91 Acres

Listing Details

  • Carport Y N: No
  • Year Built: 1975
  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.91
  • Lot Size: 171 x 242 x 170 x 228
  • Subdivision Name: None
  • Directions: West First North from downtown. Property on Right , See sign.
  • Location Tax and Legal:Tax Annual Amount: 2885.7
  • Location Tax and Legal:Parcel Number2: 013.00
  • General Property Information:Lot Size Acres: 0.91
  • General Property Information:Lot Size Dimensions: 171 x 242 x 170 x 228
  • 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
  • Foundation Details:Block3: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Gross Scheduled Income: 121639.3
  • Income And Expenses New Taxes Expense: 2295.44
  • Foundation Details:Slab: Yes
  • Cooling:Wall Unit(s): Yes
  • General Property Information:Number Of Units Total2: 16.0
  • General Property Information:Number Of Buildings2: 1.0
  • Meter Information:Number Of Separate Water Meters: 1
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Electric Water Heater, Refrigerator
  • Basement: Block
  • Number Of Buildings: 1
  • Private Spa: No
  • Fireplace: No
  • Community Features:None4: Yes
  • Appliances:Electric Range: Yes
  • Basement:Block: Yes
  • Appliances:Electric Water Heater: Yes

Exterior Features

  • Roof: Shingle
  • Exterior Features: None
  • Lot Features: City Lot
  • Home Warranty: No
  • Construction Type: Asphalt, Wood Siding
  • Foundation Details: Block, Slab
  • Patio And Porch Features: Porch
  • Lot Features:City Lot: Yes
  • Construction Materials:Wood Siding: Yes
  • Patio And Porch Features:Porch: Yes
  • Exterior Features:None6: 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: Wall Unit(s)
  • Heating: Wall Furnace
  • Sewer: Public Sewer
  • Laundry Features: None
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Community Features: None

Lot Info

  • Lot Size Sq Ft: 39639.6
  • Parcel #: 013.00
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 16
  • Number Of Separate Water Meters: 1
  • Income And Expenses Net Operating Income: 66743.52

Tax Info

  • New Taxes Expense: 2295.44
  • Tax Annual Amount: 2885.7
  • Tax Map Number: 034I

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2004
Bought by
Current Estimated Value
$1,178,196

Purchase Details

Closed on
Jul 20, 1995
Bought by
Johnson J Randall J and Johnson Ruby J

Purchase Details

Closed on
Jan 18, 1980
Bought by
Sluder Johnson J and Sluder William

Purchase Details

Closed on
Apr 19, 1977
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Morristown, TN

  • Brandon Hutchison Real Estate Agent - Keller Williams West Knoxville

    Brandon Hutchison

    Keller Williams West Knoxville

    (865) 507-2825

    142 Total Sales

    1 in Morristown

    $395,000 Price

    Brandon Hutchison
     Section Image
  • Kimberly Bell Real Estate Agent - The REAL ESTATE Office

    Kimberly Bell

    The REAL ESTATE Office

    (865) 500-5227

    72 Total Sales

    1 in Morristown

    $171,000 Price

    Kimberly Bell
     Section Image
  • Bobby Sanford Real Estate Agent - Wallace

    Bobby Sanford

    Wallace

    (865) 999-0369

    101 Total Sales

    1 in Morristown

    $211,900 Price

    Bobby Sanford
     Section Image
  • Kristina Kilgore Real Estate Agent - The Addington Agency Bristol

    Kristina Kilgore

    Responds Quickly

    The Addington Agency Bristol

    (423) 418-5873

    126 Total Sales

    1 in Morristown

    $238,000 Price

    Kristina Kilgore
     Section Image
  • Tanya Price Real Estate Agent - Vision Properties Group

    Tanya Price

    Vision Properties Group

    (865) 507-3326

    203 Total Sales

    1 in Morristown

    $625,000 Price

    Tanya Price
     Section Image
  • Billy Miller Real Estate Agent - Property Executives Johnson City

    Billy Miller

    Property Executives Johnson City

    (423) 393-9613

    99 Total Sales

    1 in Morristown

    $299,901 Price

    Billy Miller
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
Johnson J Randall J $320,000 --
Sluder Johnson J -- --
-- -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,683,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/20/2022 05/20/22 Sold $950,000 0.0% $83 / Sq Ft
03/18/2022 03/18/22 Pending -- -- --
03/13/2022 03/13/22 For Sale $950,000 -- $83 / Sq Ft
Source: Lakeway Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $3,608 $275,440 $23,160 $252,280
2024 $2,886 $163,960 $30,880 $133,080
2023 $2,886 $163,960 $0 $0
2022 $5,181 $163,960 $30,880 $133,080
2021 $5,181 $163,960 $30,880 $133,080
2020 $5,175 $163,960 $30,880 $133,080
2019 $5,639 $165,840 $32,000 $133,840
2018 $5,224 $165,840 $32,000 $133,840
2017 $5,141 $165,840 $32,000 $133,840
2016 $4,909 $165,840 $32,000 $133,840
2015 $4,567 $165,840 $32,000 $133,840
2014 -- $165,840 $32,000 $133,840
2013 -- $173,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Laura Dickerson Real Estate Agent - Keller Williams Properties

    Seller's Agent in 2022

    Laura Dickerson

    Keller Williams Properties

    (423) 748-7243

    192 Total Sales

    Laura Dickerson
    Section Image
  • Joe Patel Real Estate Agent - RE/MAX

    Buyer's Agent in 2022

    Joe Patel

    RE/MAX

    (423) 839-4192

    6 Total Sales

    Joe Patel
    Section Image
See All Agents

Map

Source: Lakeway Area Association of REALTORS®

MLS Number: 606012

Lakeway Area Association of REALTORS®

APN: 034I-O-013.00

Tennessee Hamblen County Morristown 37814

740 E 1st St N, Morristown, TN

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.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393 - 17600 Laguna Canyon Rd, Irvine, CA 92618.

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