11 days on rocket

5305 W Andrew Johnson Hwy, Morristown, TN, 37814

$2,500,000

Home List Price

$10,000*

Closing Credit

0 Baths
20,206 SqFt
$124/SqFt
House
Schools Nearby

Location

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5305 W Andrew Johnson Hwy, Morristown$2,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingOn Premise Parking, Off-Street Parking
Year Built1977
HeatingCentral, Forced Air, Natural Gas, Electric
CoolingCentral Air
MLS #1260178
Lot Size3.05 Acres
StatusActive

About 5305 W Andrew Johnson Hwy

6 bay auto repair shop building with 4 inground lifts, a sleeping room, office and bath with shower, a vacant commercial lot on West Andrew Johnson Highway and 13- 1 bedroom apartments and 1- 2 bedroom apartment with a full basement retained and used by the owner. Total current income is $166,800 annually. Pest Control Contract-$150.00 every 3 months. Water runs approximately $450-$475 per month. Laundry room brings in approximately $300.00 per month with an $80.00 expense for gas. Also, you could rent out the 7833 square foot basement.

Property Details

Property Features

Property Information:

  • Year Built: 1977
  • Living Area: 20,206 SqFt

Listing Office:

  • Office Name: Century 21 Masengill-McCrary Realtors
  • Office Phone: (423) 586-6653

Interior Features

Interior Information:

  • Flooring Type: Carpet, Vinyl
  • Interior: Walk-In Closet(s)

Exterior Features

Exterior Information:

  • Exterior: Windows - Dble Pane, Windows - Aluminum, Porch - Covered

Parking Information:

  • Attached Garage: No
  • Parking: On Premise Parking, Off-Street Parking

Lot Features

Lot Information:

  • Lot Size: 3.05 Acres

Utilities

Utilities Information:

  • Heating: Central, Forced Air, Natural Gas, Electric
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Morristown West High School, Public District Grades 9-12
  • West View Middle School, Public District Grades 6-8
  • Alpha Elementary School, Public District Grades KG-5

Other

Directions Information:

  • Directions: On West Andrew Johnson across the highway form Morristown Chevrolet, on the corner of Panda.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000
  • Price Per SqFt: $124/SqFt

Tax Information:

  • Annual Amount: $933
  • 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

$270K

Med. Price/SqFt

$155

Avg. Days On Market

73

# of Sold Homes

13

5305 W Andrew Johnson Hwy vs Morristown

11 DAYS ON ROCKET

-62 Days

$2,500,000

+$2.2M More

$124/SqFt

-$32 Less

KEY TAKEAWAY

This property is $2.2M more than the Median Sold Price and $32/SqFt less than other homes in Morristown, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1260178

Listing Office:

  • Office Name: Century 21 Masengill-McCrary Realtors
  • Office Phone: (423) 586-6653

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: 5/3/2024, 3:20:41 PM 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$933$29,560
2019$932$29,600
2018$932$29,600
2017$876$29,600

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

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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.

Elementary School

school-card-donut-5401484
6
/10

  • Alpha Elementary School

  • 5620 Old Us 11e Hw

  • 0.41 miles

  • Public District Grades KG-5

Middle School

school-card-donut-5401485
6
/10

  • West View Middle School

  • 1 Indian Path

  • 1.90 miles

  • Public District Grades 6-8

High School

school-card-donut-5401486
4
/10

  • Morristown West High School

  • 1 Trojan Trl

  • 4.72 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $34,213. The most common annual income of people living in Morristown, TN is less than $35k. Most families are married, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5305 W Andrew Johnson Hwy

What is the listing price of this property?

The listing price of 5305 W Andrew Johnson Hwy property is $2,500,000.

What type of property is this?

The property 5305 W Andrew Johnson Hwy is a house located in Morristown, Tennessee, 37814.

Is this property for sale now?

Active Listing: 5305 W Andrew Johnson Hwy is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5305 W Andrew Johnson Hwy are:
Alpha Elementary School: GreatSchools Rating 6/10
West View Middle School: GreatSchools Rating 6/10
Morristown West High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $933 (source: MLS/based on county public records data).

What is the square footage of this property?

The property 5305 W Andrew Johnson Hwy is 20,206 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5305 W Andrew Johnson Hwy is 1977.

Rocket Homes›Tennessee›Hamblen County›Morristown›37814›5305 W Andrew Johnson Hwy

This home is located at 5305 W Andrew Johnson Hwy in Morristown, TN and zip code 37814. This 20,206 square foot home, which was built in 1977, sits on a 3.05 acre lot. It has been listed on Rocket Homes since April 22, 2024 and is currently priced at $2,500,000.

Morristown, TN housing market in April 2024 saw over 3 listings sold above listed price, more than 6 sold at listed price and over 4 sold below. Between March 2024 and April 2024, Morristown, TN real estate market has seen increase in the number of listings by 7.4%. The median list price of listings available in April 2024 was $270,000, while the average time on the real estate market was 73 days.

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

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