4 months on rocket

550 Summit Ridge Dr, Newport, TN, 37821

$324,900

Home List Price

$3,858*

Closing Credit

4 Bedrooms
2 Full Baths
2,392 SqFt
$136/SqFt
House

Location

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550 Summit Ridge Dr, Newport$324,900

Buyer Closing Credits

$3,858*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeResidential
ParkingOther, Carport, Main Level
Year Built1962
HeatingCentral, Heat Pump, Natural Gas
CoolingCentral Air, Ceiling Fan(s)
BasementYes
WaterfrontOther
FireplaceGas, Ventless
ViewMountain(s)
MLS #1271768
Lot Size0.32 Acres
StatusActive

About 550 Summit Ridge Dr

Crazy price reduction!!! 140.00 a sq ft.!!! That is unheard of these days!!!! Welcome home to this all brick, recently updated property. This home has lots of space with the finished basement. Home has a nice, large yard that is fenced in. 4 bedrooms, 2 bath, 2 living areas, plus a bonus room. So much room that this is a must see to appreciate home. Brand new shed, New HVAC, also comes with a hot tub and ADT security system. Property is close to I-40, Shopping, Grocery stores, and Restaurants. Move in ready!!!!

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1962
  • Living Area: 2,392 SqFt

Listing Office:

  • Office Name: Prime Mountain Properties
  • Office Phone: (865) 453-4049

Interior Features

Interior Information:

  • Appliances: Dryer, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Laminate, Hardwood
  • Interior: Eat-in Kitchen
  • Fireplace: Gas, Ventless

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Other
  • View: Mountain(s)
  • Exterior: Patio, Fence - Chain

Parking Information:

  • Attached Garage: No
  • Parking: Other, Carport, Main Level

Lot Features

Lot Information:

  • Lot: Other
  • Lot Size: 0.32 Acres

Utilities

Utilities Information:

  • Heating: Central, Heat Pump, Natural Gas
  • Cooling: Central Air, Ceiling Fan(s)

Other

Directions Information:

  • Directions: From hwy 32, take Heritage blvd, to a left on Morrell springs rd, to a left on Bolton dr to right on Summit ridge, house on right

Price Information

Listing Price Info

Price Summary:

  • List Price: $324,900
  • Price Per SqFt: $136/SqFt

Tax Information:

  • Annual Amount: $1,358
  • Tax Year: 2020
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Housing Market Comparison

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

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Newport, TN

City

Med. Sold Price

$239.7K

Med. Price/SqFt

$177

Avg. Days On Market

41

# of Sold Homes

5

550 Summit Ridge Dr vs Newport

141 DAYS ON ROCKET

+100 Days

$324,900

+$85.2K More

$136/SqFt

-$42 Less

KEY TAKEAWAY

This property is $85.2K more than the Median Sold Price and $42/SqFt less than other homes in Newport, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1271768

Listing Office:

  • Office Name: Prime Mountain Properties
  • Office Phone: (865) 453-4049

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. 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. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.

The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

Copyright © 2024 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 11:51:07 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Sep 28, 2021Home Sold
$155,000
Feb 13, 2018Home Sold
$109,900
Feb 06, 2002Home Sold
$52,000
Mar 29, 2001Home Sold
$52,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,358$27,275
2019$1,329$24,300
2018$1,329$24,300
2017$1,331$24,300

History based on county public records data.

Payment Calculator

$1,689

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,041

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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-889104
6
/10

  • Dandridge Elementary School

  • 780 Highway 92 S

  • 14.47 miles

  • Public District Grades PK-5

school-card-donut-889105
4
/10

  • McDonald Elementary School

  • 8120 McDonald Rd

  • 15.04 miles

  • Public District Grades PK-5

school-card-donut-889106
6
/10

  • Witt Elementary School

  • 4650 S Davy Crockett Pkwy

  • 15.07 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 $28,008. Typical income of Newport, TN residents is less than $35k annually. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 550 Summit Ridge Dr

What is the listing price of this property?

The listing price of 550 Summit Ridge Dr property is $324,900.

What type of property is this?

The property 550 Summit Ridge Dr is a house located in Newport, Tennessee, 37821.

Is this property for sale now?

Active Listing: 550 Summit Ridge Dr 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 $1,358 (source: MLS/based on county public records data).

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

The last sale was on September 28, 2021 for $155,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 550 Summit Ridge Dr has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 550 Summit Ridge Dr is 2,392 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 550 Summit Ridge Dr is 1962.

Rocket Homes›Tennessee›Cocke County›Newport›37821›550 Summit Ridge Dr

This home is located at 550 Summit Ridge Dr in Newport, TN and zip code 37821. This 2,392 square foot home, which was built in 1962, sits on a 0.32 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 02, 2024 and is currently priced at $324,900.

In November 2024 more than 0 listings in Newport, TN were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 4 were sold below. In November 2024 median list price was $239,700 and the average listing age was 41 days.

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

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