2 months on rocket

1418 Mae Collins Rd, Morristown, TN, 37813

$550,000

Home List Price

$6,531*

Closing Credit

2 Bedrooms
1 Full Bath
560 SqFt
$982/SqFt
House

Location

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1418 Mae Collins Rd, Morristown$550,000

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
HeatingOther
CoolingWindow Unit(s)
MLS #9971813
Lot Size1.70 Acres
StatusActive

About 1418 Mae Collins Rd

An excellent investment opportunity for the entrepreneur seeking a cash flow property! Situated on 1.7 acres in Morristown, this property features 11 available lots, currently housing 7 single-wide mobile homes, with all homes conveying with the purchase. Home Details: 2 bedrooms, 1 bathroom Approximate size: 14x40 (buyer should confirm exact dimensions) Some units have washer/dryer hookups Window heat/air units Rental Income: Current rent per home: $725/month Total current rent for 7 homes: $5,075/month Utility Information: Property owner covers water for all homes Tenants pay for individual electric service Each of the 11 spaces has electric and septic hookups available Additional Details: 1 home is undergoing a remodel, offering the potential for increased rent Significant upside potential for development of the remaining 4 lots This property is a promising investment with consistent rental income and the opportunity to add value through future development. IT IS THE SOLE RESPONSIBILITY OF BUYER AND BUYER AGENT TO VERIFY ALL INFORMATION CONTAINED HEREIN

Property Details

Property Features

Property Information:

  • Architectural Style: Other, See Remarks
  • Living Area: 560 SqFt

Listing Office:

  • Office Name: LPT Realty - Griffin Home Group
  • Office Phone: (423) 482-0743
  • Listing Agent: Jim Griffin, Christopher Abla

Interior Features

Interior Information:

  • Appliances: Electric Range, Refrigerator

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Lot Features

Lot Information:

  • Lot Size: 1.70 Acres

Utilities

Utilities Information:

  • Heating: Other
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: Head south on US-25 E S toward Wilson Hale Rd Turn right onto Wilson Hale Rd Turn right onto TN-343 N Turn left onto Pinebrook Rd Turn right onto Sulphur Springs Rd Turn right onto Mae Collins Rd Turn left Destination will be on the right

Price Information

Listing Price Info

Price Summary:

  • List Price: $550,000
  • Price Per SqFt: $982/SqFt

Tax Information:

  • Annual Amount: $45
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Morristown, TN.

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Morristown, TN

City

Med. Sold Price

$279K

Med. Price/SqFt

$162

Avg. Days On Market

32

# of Sold Homes

12

1418 Mae Collins Rd vs Morristown

81 DAYS ON ROCKET

+49 Days

$550,000

+$271K More

$982/SqFt

+$820 More

KEY TAKEAWAY

This property is $271K more than the Median Sold Price and $820/SqFt more than other homes in Morristown, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Tennessee/Virginia Regional MLS
  • MLS Number: #9971813

Listing Office:

  • Office Name: LPT Realty - Griffin Home Group
  • Office Phone: (423) 482-0743
  • Listing Agent: Jim Griffin, Christopher Abla

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this brokerl, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright© 2024 Tennessee Virginia Regional MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 6:21:05 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 06, 2020Home Sold
$45,000

Tax History

YEARPROP. TAXASSESSMENT
2020$45$2,300
2019$38$1,775
2018$38$1,775
2017$66$1,775

History based on county public records data.

Payment Calculator

$2,813

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-893889
6
/10

  • Lincoln Heights Elementary School

  • 215 Lincoln Ave

  • 1.61 miles

  • Public District Grades PK-5

school-card-donut-893890
6
/10

  • Witt Elementary School

  • 4650 S Davy Crockett Pkwy

  • 2.13 miles

  • Public District Grades PK-5

school-card-donut-893891
4
/10

  • Hillcrest Elementary School

  • 407 S Liberty Hill Rd

  • 2.64 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,151. The majority of Morristown, TN residents have income less than $35k annually. Typical family type is single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1418 Mae Collins Rd

What is the listing price of this property?

The listing price of 1418 Mae Collins Rd property is $550,000.

What type of property is this?

The property 1418 Mae Collins Rd is a house located in Morristown, Tennessee, 37813.

Is this property for sale now?

Active Listing: 1418 Mae Collins Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $45 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on February 6, 2020 for $45,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1418 Mae Collins Rd has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 1418 Mae Collins Rd is 560 SqFt (source: MLS/tax record).

Rocket Homes›Tennessee›Hamblen County›Morristown›37813›1418 Mae Collins Rd

This home is located at 1418 Mae Collins Rd in Morristown, TN and zip code 37813. This 560 square foot home sits on a 1.70 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 01, 2024 and is currently priced at $550,000.

In November 2024, from all listings sold in Morristown, TN there were more than 2 sold above asking price, over 6 sold below and more than 4 were sold right at the asked price. The number of listings in Morristown, TN decreased by 3.6% between October 2024 and November 2024. While the average time on the market in November 2024 was 32 days, the median list price was $279,000.

From Rocket Homes Real Estate and based on county public records data.

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