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522 S Fairmont Ave, Morristown, TN, 37813

$225,000

Home List Price

$2,672*

Closing Credit

2 Bedrooms
1 Full Bath
1,398 SqFt
$161/SqFt
House

Location

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522 S Fairmont Ave, Morristown$225,000

Buyer Closing Credits

$2,672*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Asphalt, Concrete, Detached, Gravel, Shared Driveway
Garage2 spaces
Year Built1955
HeatingCentral, Heat Pump
CoolingCentral Air, Heat Pump
BasementYes
FireplaceWood Burning Stove
MLS #9972712
Lot Size0.33 Acres
StatusActive

About 522 S Fairmont Ave

Nestled on a charming 1/3-acre lot in Morristown, this 2-bedroom, 1-bathroom basement rancher is brimming with potential. Offering approximately 1,000 sq ft of living space on the main level, plus an additional 400 finished sq ft in the basement, this home is perfect for investors looking for their next project or rental opportunity. The exterior features a large 30x32 detached garage equipped with a built-in air compressor, wood-burning stove, and plenty of space for hobbies or storage. The home also includes a cozy screened-in side porch (225 sq ft), ideal for relaxing or entertaining. Inside, you'll find a spacious living room accented by a rustic stone fireplace, adding to the home's unique character. The kitchen is ready for your personal touch and features ample cabinet space. While the home could benefit from updates, it offers a solid foundation for those looking to make it their own. A fenced backyard adds privacy and space for outdoor activities. Situated in a quiet, established neighborhood, this property is conveniently located near local amenities. With some TLC, this home could be brought back to life and become a valuable addition to any investor's portfolio. Don't miss your chance to see the potential of this Morristown gem!

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1955
  • Living Area: 1,398 SqFt

Listing Office:

  • Office Name: REMAX Real Estate Ten of Morristown
  • Office Phone: (423) 581-8881
  • Listing Agent: Amy Shrader

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Basement: Yes
  • Flooring Type: Carpet, Laminate, Vinyl
  • Interior: Laminate Counters
  • Fireplace: Wood Burning Stove

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Back Fence, Enclosed Porch, Patio, Porch

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Driveway, Asphalt, Concrete, Detached, Gravel, Shared Driveway

Lot Features

Lot Information:

  • Lot Size: 0.33 Acres

Utilities

Utilities Information:

  • Heating: Central, Heat Pump
  • Cooling: Central Air, Heat Pump

Other

Directions Information:

  • Directions: Morris Blvd to S Fairmont. House on right

Price Information

Listing Price Info

Price Summary:

  • List Price: $225,000
  • Price Per SqFt: $161/SqFt

Tax Information:

  • Annual Amount: $762
  • 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

522 S Fairmont Ave vs Morristown

57 DAYS ON ROCKET

+25 Days

$225,000

-$54K Less

$161/SqFt

-$1 Less

KEY TAKEAWAY

This property is $54K less than the Median Sold Price and $1/SqFt less 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: #9972712

Listing Office:

  • Office Name: REMAX Real Estate Ten of Morristown
  • Office Phone: (423) 581-8881
  • Listing Agent: Amy Shrader

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

Tax History

YEARPROP. TAXASSESSMENT
2020$762$24,125
2019$696$22,125
2018$697$22,125
2017$632$21,350

History based on county public records data.

Payment Calculator

$1,190

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$741

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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-893469
6
/10

  • Lincoln Heights Elementary School

  • 215 Lincoln Ave

  • 1.14 miles

  • Public District Grades PK-5

school-card-donut-893470
5
/10

  • West Elementary School

  • 235 W Converse St

  • 1.55 miles

  • Public District Grades PK-5

school-card-donut-893471
5
/10

  • Manley Elementary School

  • 551 W Economy Rd

  • 1.83 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 $24,155. Typical income of Morristown, TN residents is less than $35k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 522 S Fairmont Ave

What is the listing price of this property?

The listing price of 522 S Fairmont Ave property is $225,000.

What type of property is this?

The property 522 S Fairmont Ave is a house located in Morristown, Tennessee, 37813.

Is this property for sale now?

Active Listing: 522 S Fairmont Ave 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 $762 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 522 S Fairmont Ave has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 522 S Fairmont Ave is 1,398 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 522 S Fairmont Ave is 1955.

Rocket Homes›Tennessee›Hamblen County›Morristown›37813›522 S Fairmont Ave

This home is located at 522 S Fairmont Ave in Morristown, TN and zip code 37813. This 1,398 square foot home, which was built in 1955, sits on a 0.33 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $225,000.

Over 2 listings were sold over their listed price in November 2024 in Morristown, TN. In the same period over 6 listings were sold below the listed price and 4 listings were sold for the listed price. The inventory of homes for sale in Morristown, TN between October 2024 and November 2024 decreased by 3.6%. 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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