6 months on rocket

560 Rack Ln, Newport, TN, 37821

$269,000

Home List Price

$3,194*

Closing Credit

3 Bedrooms
1 Full Bath
1,204 SqFt
$223/SqFt
House
Schools Nearby

Location

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560 Rack Ln, Newport$269,000

Buyer Closing Credits

$3,194*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingCarport, Basement, Detached, Main Level, Other
Garage2 spaces
Year Built1980
HeatingCentral, Natural Gas
CoolingCentral Air, Ceiling Fan(s)
BasementYes
FireplaceOther, None
ViewCity
MLS #1242465
Lot Size0.92 Acres
StatusActive

About 560 Rack Ln

This home located in City , has great bones and lots of room and storage. Main Level holds a Open living room, kitchen and dining room, Kitchen has a island and large pantry. Main level holds 3bedrooms, 3rd bedroom is ready for paint and flooring, Large bath on main. Sellers have a large family room and mud room framed in that needs to be completed. Full basement holds den a room ready to have a bathroom installed, workshop, and lots of dry storage and heated and cooled. Outside you have a 28 x30 garage, with lots of level parking for large equipment or all your toys. Main driveway is concrete, leads to a large two car carport. Home location is minutes from Hospital and Newport Grammar School. City picks up your garbage weekly. Home does need trim work and 3rd bedroom finished, Home is lived in just like it is with no problem.

Property Details

Property Features

Property Information:

  • Architectural Style: Traditional
  • Year Built: 1980
  • Living Area: 1,204 SqFt

Listing Office:

  • Office Name: Goddard Real Estate
  • Office Phone: (423) 623-5055

Interior Features

Interior Information:

  • Appliances: Dishwasher, Refrigerator
  • Basement: Yes
  • Flooring Type: Hardwood, Tile
  • Interior: Island in Kitchen, Pantry, Eat-in Kitchen
  • Fireplace: Other, None

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: City
  • Exterior: Porch - Covered

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Carport, Basement, Detached, Main Level, Other

Lot Features

Lot Information:

  • Lot: Level, Rolling/Hilly
  • Lot Size: 0.92 Acres

Utilities

Utilities Information:

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

School Info

Assigned Schools Information:

  • Newport Grammar School, Public District Grades PK-8

Other

Directions Information:

  • Directions: Newport- Cosby Hwy turn at First Horizons Bank, on Jones Circle to Mineral Street right on Morrell Springs Road then right on Rack Lane to driveway (sign in yard)

Price Information

Listing Price Info

Price Summary:

  • List Price: $269,000
  • Price Per SqFt: $223/SqFt

Tax Information:

  • Annual Amount: $1,919
  • 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

$209K

Med. Price/SqFt

$147

Avg. Days On Market

18

# of Sold Homes

7

560 Rack Ln vs Newport

204 DAYS ON ROCKET

+186 Days

$269,000

+$60K More

$223/SqFt

+$76 More

KEY TAKEAWAY

This property is $60K more than the Median Sold Price and $76/SqFt more 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: #1242465

Listing Office:

  • Office Name: Goddard Real Estate
  • Office Phone: (423) 623-5055

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: 5/2/2024, 12:20:22 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

Mar 30, 2021Home Sold
$150,000
Sep 10, 2002Home Sold
$95,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,919$38,550
2019$1,853$33,900
2018$1,853$33,900
2017$1,856$33,900

History based on county public records data.

Payment Calculator

$1,410

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$873

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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.

Middle School

school-card-donut-4464116
8
/10

  • Newport Grammar School

  • 301 College St

  • 0.65 miles

  • Public District Grades PK-8

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $28,008. The most common annual income of people living in Newport, TN is less than $35k. Residents typically live in single, 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 560 Rack Ln

What is the listing price of this property?

The listing price of 560 Rack Ln property is $269,000.

What type of property is this?

The property 560 Rack Ln is a house located in Newport, Tennessee, 37821.

Is this property for sale now?

Active Listing: 560 Rack Ln is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 560 Rack Ln are:
Newport Grammar School: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,919 (source: MLS/based on county public records data).

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

The last sale was on March 30, 2021 for $150,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 560 Rack Ln has 3 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 560 Rack Ln is 1,204 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 560 Rack Ln is 1980.

Rocket Homes›Tennessee›Cocke County›Newport›37821›560 Rack Ln

This home is located at 560 Rack Ln in Newport, TN and zip code 37821. This 1,204 square foot home, which was built in 1980, sits on a 0.92 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 11, 2023 and is currently priced at $269,000.

Newport, TN housing market in April 2024 saw over 2 listings sold above listed price, more than 0 sold at listed price and over 5 sold below. The inventory of homes for sale in Newport, TN between March 2024 and April 2024 decreased by 12.5%. In April 2024, listings were on the market for 18 days. During the same period, the median list price in this real estate market was $209,000.

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

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