1 year on rocket

7050-7064 Armory Rd, Newport, TN, 37821

$385,000

Home List Price

$4,572*

Closing Credit

0 Baths
3,612 SqFt
$107/SqFt
House

Location

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7050-7064 Armory Rd, Newport$385,000

Buyer Closing Credits

$4,572*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingOn Premise Parking
Year Built1973
HeatingHeat Pump, Central, Electric
CoolingCentral Air
MLS #1239924
StatusActive

About 7050-7064 Armory Rd

ATTENTION INVESTORS! Previous owner absolutely loved this property, but unfortunately was not able to realize her dreams of what she envisioned. All three units have long term tenants who also truly love their home! Find your favorite Agent and schedule your showing today! Fully leased triplex, each unit has two bedrooms and one bath. All units have long term tenants who are on a month to month lease. Rent was increased from $400/month to $800/month in August 2022. Tenants pay their own utilities, water is part of the electric bill. Each meter is separate with no owners panel. There is also seven large storage units and one small storage unit on the property, currently three are leased. Owner pays for lawn care and a security light on the property. Sitting on 1.83 acres, tons of potential! Unit 3 has all new LVP flooring throughout, new tile in the bathroom. Units 1 and 2 have new tile in the kitchen and bath. Unit 1 has a new tub/shower combo.

Property Details

Property Features

Property Information:

  • Year Built: 1973
  • Living Area: 3,612 SqFt

Listing Office:

  • Office Name: United Real Estate Solutions
  • Office Phone: (865) 444-2400

Interior Features

Interior Information:

  • Appliances: Range, Refrigerator
  • Flooring Type: Laminate, Carpet, Vinyl

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: On Premise Parking

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: Take I-40 East to Exit 435, turn right on to Hwy 321, go 2.6 miles and turn left on Armory Road, go 0.3 miles property will be on your left. See sign.

Price Information

Listing Price Info

Price Summary:

  • List Price: $385,000
  • Price Per SqFt: $107/SqFt
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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

$240K

Med. Price/SqFt

$168

Avg. Days On Market

40

# of Sold Homes

7

7050-7064 Armory Rd vs Newport

425 DAYS ON ROCKET

+385 Days

$385,000

+$145K More

$107/SqFt

-$62 Less

KEY TAKEAWAY

This property is $145K more than the Median Sold Price and $62/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: #1239924

Listing Office:

  • Office Name: United Real Estate Solutions
  • Office Phone: (865) 444-2400

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: 11/14/2024, 12:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$1,989

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,221

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NMLS#3030

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-164237
5
/10

  • Catons Chapel Elementary School

  • 3135 Catons Chapel Rd

  • 14.57 miles

  • Public District Grades PK-6

school-card-donut-164238
6
/10

  • Dandridge Elementary School

  • 780 Highway 92 S

  • 14.60 miles

  • Public District Grades PK-5

school-card-donut-164239
5
/10

  • Pittman Center Elementary School

  • 2455 E Parkway

  • 14.89 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,657. Residents of Newport, TN typically earn less than $35k each year. Residents typically live in married, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7050-7064 Armory Rd

What is the listing price of this property?

The listing price of 7050-7064 Armory Rd property is $385,000.

What type of property is this?

The property 7050-7064 Armory Rd is a house located in Newport, Tennessee, 37821.

Is this property for sale now?

Active Listing: 7050-7064 Armory Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the square footage of this property?

The property 7050-7064 Armory Rd is 3,612 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7050-7064 Armory Rd is 1973.

Rocket Homes›Tennessee›Cocke County›Newport›37821›7050-7064 Armory Rd

This home is located at 7050-7064 Armory Rd in Newport, TN and zip code 37821. This 3,612 square foot home was built in 1973. It has been listed on Rocket Homes since September 16, 2023 and is currently priced at $385,000.

Newport, TN housing market in October 2024 saw over 1 listings sold above listed price, more than 2 sold at listed price and over 4 sold below. In October 2024 in Newport, TN there were 18.3% less homes for sale than in September 2024. In October 2024, listings were on the market for 40 days. During the same period, the median list price in this real estate market was $240,000.

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

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