NOT LISTED FOR SALE

868 Panther Creek Rd Morristown, TN 37814

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

-- Bed
6 Baths
5,760 Sq Ft
$98/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $420,000 $73 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,151/month

65 Days on Market

About This Home

As of November 2021

Six 2-bedroom 1.5-bath units, approximately 960 SF each. Super nice and located approximately 2.3 miles to Panther Creek Road/Boat Launch.

Last Agent to Sell the Property

Richard Sarta

Comwire Realty License #352590 Listed on: 06/17/2021

Last Buyer's Agent

Shavone Lyons

WEICHERT, REALTORS - TIGER REAL ESTATE License #303192

WEICHERT, REALTORS - TIGER REAL ESTATE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,863

Year Built

  • Built in 1981

Lot Details

  • 1.15

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Built-Up Roof

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Additional Features

  • Electric Range
  • Screened Patio
  • 1.15 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 20.19

Community Details

Overview

  • 6 Units

Building Details

  • Insurance Expense $2,500
  • Net Operating Income $2,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,863

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: 1863.0
  • Location Tax and Legal:Parcel Number2: 20.19
  • General Property Information:Lot Size Acres: 1.15
  • General Property Information:Lot Size Dimensions: 237/239/208/250
  • 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
  • Roof:Built-Up: Yes
  • Gross Scheduled Income: 43200.0
  • Income And Expenses Maintenance Expense: 2400.0
  • Manager Expense: 3996.0
  • Cooling:Central Air: Yes
  • Foundation Details:Slab: Yes
  • General Property Information:Number Of Units Total2: 6.0
  • Special Features: VirtualTour

Interior Features

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

Exterior Features

  • Roof: Built-Up
  • Exterior Features: None
  • Home Warranty: No
  • Construction Type: Asphalt, Brick
  • Foundation Details: Slab
  • Patio And Porch Features: Screened
  • Construction Materials:Brick: Yes
  • Patio And Porch Features:Screened: 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
  • Heating: Central
  • Sewer: Septic Tank
  • Laundry Features: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public
  • Sewer Septic Tank: Yes
  • Heating:Central: Yes

Lot Info

  • Lot Size Sq Ft: 50094.0
  • Parcel #: 20.19
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 6
  • Resident Manager Expense: 3996.0
  • Income And Expenses Net Operating Income: 2800.0

Tax Info

  • Tax Annual Amount: 1863.0
  • Tax Map Number: 040

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2021
Closed on
Nov 5, 2021
Sold by
Robyn Openshaw Properties Llc
Bought by
Gulab Management
Seller's Agent
Richard Sarta
Comwire Realty
Buyer's Agent
Shavone Lyons
WEICHERT, REALTORS - TIGER REAL ESTATE
List Price
$399,000
Sold Price
$420,000
Premium/Discount to List
$21,000
5.26%
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.
Estimated Appreciation
$118,501
Avg. Annual Appreciation
4.79%
Original Mortgage
$336,000
Outstanding Balance
$111,673
Interest Rate
2.88%
Mortgage Type
Commercial
Estimated Equity
$389,847

Purchase Details

Closed on
Dec 10, 2020
Sold by
Frankford Brian J and Frankford Kathy S
Bought by
Robyn Openshaw 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
$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
Not Available
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
11/05/2021 11/05/21 Sold $420,000 +5.3% $73 / Sq Ft
08/21/2021 08/21/21 Pending -- -- --
06/17/2021 06/17/21 For Sale $399,000 -- $69 / 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 $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

  • R

    Seller's Agent in 2021

    Richard Sarta

    Comwire Realty

    (423) 797-7777

    24 Total Sales

    Section Image

  • S

    Buyer's Agent in 2021

    Shavone Lyons

    WEICHERT, REALTORS - TIGER REAL ESTATE

    (423) 258-9995

    51 Total Sales

    Section Image
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Map

Source: Lakeway Area Association of REALTORS®

MLS Number: 602455

Lakeway Area Association of REALTORS®

APN: 040-020.19

Tennessee Hamblen County Morristown 37814

868 Panther Creek Rd, Morristown, TN

This home is located at 868 Panther Creek Rd, Morristown, TN 37814 since 17 June 2021 and is currently estimated at $564,537, approximately $98 per square foot. This property was built in 1981. 868 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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