NOT LISTED FOR SALE

868 Panther Creek Rd Morristown, TN 37814

Estimated Value: $542,000 - $606,000

-- Bed
9 Baths
-- Sq Ft
1.15 Acres

Last Sold December 10, 2020

Last sale price $376,250

Est. 43% increase in value since last sale

Current estimated payment $3,151/month

5 Days on Market

Highlights

  • Deck
  • Laundry Room
  • Central Heating and Cooling System
  • Porch

About This Home

As of December 2020

This property is to be sold as a package with Panther View Apartments. Super nice and located approximately 2.3 miles to Panther Creek Road/Boat Launch.

Last Agent to Sell the Property

Hix Masengill

Century 21-Morristown License #6333 Listed on: 10/15/2020

Century 21-Morristown

Last Buyer's Agent

Richard Sarta

Comwire Realty License #352590

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,690

Year Built

  • Built in 1981

Lot Details

  • 1.15

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Laundry

  • Laundry Room
  • Laundry on main level
  • Electric Dryer Hookup

Outdoor Features

  • Deck
  • Porch

Schools

  • Alpha Elementary School
  • Westview Middle School
  • West High School

Utilities

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

Additional Features

  • Range Hood
  • 1.15 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 020.19

Community Details

Overview

  • Property has a Home Owners Association
  • 6 Units

Building Details

  • Insurance Expense $2,082

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,690

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: 1.15
  • Lot Size: 237/239/208/250
  • Subdivision Name: Other
  • Directions: From West Andrew Johnson Highway, turn onto Panther Creek Road and the property will be on the right.
  • Location Tax and Legal:Tax Annual Amount: 1690.37
  • Location Tax and Legal:Parcel Number2: 020.19
  • General Property Information:Lot Size Acres: 1.15
  • General Property Information:Lot Size Dimensions: 237/239/208/250
  • Water Source:Public: Yes
  • Location Tax and Legal:Middle or Junior School: Westview
  • Location Tax and Legal:Elementary School: Alpha Elementary
  • Location Tax and Legal:High School: West
  • General Property Information:Fireplace YN: No
  • General Property Information:Spa YN: No
  • General Property Information:Home Warranty YN: No
  • Appliances Refrigerators: Yes
  • Cooling:Heat Pump: Yes
  • Laundry Features:Electric Dryer Hookup: Yes
  • Roof:Shingle: Yes
  • Security Features:Smoke Detector(s): Yes
  • Gross Scheduled Income: 39600.0
  • Cooling:Central Air: Yes
  • Cooling:Electric: Yes
  • Foundation Details:Slab: Yes
  • Laundry Features:Laundry Room: Yes
  • Laundry Features:Main Level: Yes
  • Utilities:Water Available: Yes
  • General Property Information:Number Of Units Total2: 6.0
  • Special Features: None

Interior Features

  • Appliances: Electric Cooktop, Electric Water Heater, Range Hood, Refrigerator
  • Private Spa: No
  • Fireplace: No
  • Appliances:Range Hood: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Cooktop: Yes

Exterior Features

  • Roof: Shingle
  • Exterior Features: None
  • Home Warranty: No
  • Construction Type: Asphalt, Brick, Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Deck, Porch
  • Construction Materials:Brick: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Deck2: 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: Central Air, Electric, Heat Pump
  • Heating: Central, Electric, Heat Pump
  • Sewer: Septic Tank
  • Laundry Features: Electric Dryer Hookup, Laundry Room, Main Level
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Water Available
  • Water Source: Public
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes
  • Heating:Central: Yes
  • Heating:Electric4: Yes

Condo/Co-op/Association

  • Amenities: Cable TV
  • Association: Yes

Association/Amenities

  • Association Amenities:Cable TV: Yes

Schools

  • Elementary School: Alpha Elementary
  • High School: West
  • Middle Or Junior School: Westview

Lot Info

  • Lot Size Sq Ft: 50094.0
  • Parcel #: 020.19
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 6

Tax Info

  • Tax Annual Amount: 1690.37
  • Tax Map Number: 040

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 5, 2021
Sold by
Robyn Openshaw Properties Llc
Bought by
Gulab Management
Current Estimated Value
$538,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Outstanding Balance
$111,673
Interest Rate
2.88%
Mortgage Type
Commercial
Estimated Equity
$389,847

Purchase Details

Listed on
Oct 15, 2020
Closed on
Dec 10, 2020
Sold by
Frankford Brian J and Frankford Kathy S
Bought by
Robyn Openshaw Properties Llc
Seller's Agent
Hix Masengill
Century 21-Morristown
Buyer's Agent
Richard Sarta
Comwire Realty
List Price
$387,500
Sold Price
$376,250
Premium/Discount to List
-$11,250
-2.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.32%
Original Mortgage
$650,000
Interest Rate
2.8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 5, 1982
Bought by
Andrews William R and Andrews Robin W

Purchase Details

Closed on
Sep 22, 1981
Bought by
Cline Gaston and Cline Patricia

Purchase Details

Closed on
Jul 24, 1973
Bought by
Daniel Woodrow
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
Gulab Management $420,000 Lakeway Title Services
Robyn Openshaw Properties Llc $752,500 None Available
Andrews William R $146,000 --
Cline Gaston $9,300 --
Daniel Woodrow $3,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gulab Management $336,000
Previous Owner Robyn Openshaw Properties Llc $650,000
Previous Owner Frankford Brian J $406,857
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2020 12/10/20 Sold $376,250 -2.9% --
10/20/2020 10/20/20 Pending -- -- --
10/15/2020 10/15/20 For Sale $387,500 -- --
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 $2,599 $131,920 $15,160 $116,760
2023 $2,599 $131,920 $0 $0
2022 $2,599 $131,920 $15,160 $116,760
2021 $2,599 $131,920 $15,160 $116,760
2020 $1,563 $79,360 $15,160 $64,200
2019 $1,339 $62,880 $10,680 $52,200
2018 $1,339 $62,880 $10,680 $52,200
2017 $1,339 $62,880 $10,680 $52,200
2016 $1,251 $62,880 $10,680 $52,200
2015 $1,163 $62,880 $10,680 $52,200
2014 -- $62,880 $10,680 $52,200
2013 -- $76,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lakeway Area Association of REALTORS®

MLS Number: 590787

Lakeway Area Association of REALTORS®

APN: 040-020.19