1426 Mountain Ranch Road Rd, Newport, TN 37821 (MLS# 946182)


$489,500
1426 Mountain Ranch Road Rd
Newport, TN 37821
MLS# 946182
Status: Closed



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Property Description
This property is being sold at absolute auction Thursday, December 10th at 12 noon. Two story building with 8 apartments, separate office building with open reception area, stone fireplace, office, 2 1/2 baths. All situated on 9.41 acres. A resort like setting with paved walking trail, drive and parking areas. Each unit has refrigerator,stove, dishwasher, central heat and air. rent ranges from $550 to $700 a month with a potential income of $65,000 annually.

Details
Location, Tax & Legal Info
Area: Cocke County - 39
City/County Code: County
Elementary School: Newport
Total Tax: 3420
Contract Info
Auction Y/N: Yes
Current Price: $489,500
Status: Closed
Listing Date: 2015-10-06
General Property Description
Lot Dimensions: 509x769x481xirr
Restrictions: Yes
Utilities/Mo Avg: 0
Property Status: N/A
Driveway: paved
Number of Units: 9
Year Built: 1987
Remarks & Misc
Directions: Interstate I-40 Exit 435 go right onto Cosby Hwy, at traffic light in front of Bojangles, turn left onto Cosby Cut-Off Road, then left onto Morrell Springs Road, then right on Green Acres Drive, bear right at the Y then right on Mountain Ranch Road. Go 1.1 miles to auction site.
Public Remarks: This property is being sold at absolute auction Thursday, December 10th at 12 noon. Two story building with 8 apartments, separate office building with open reception area, stone fireplace, office, 2 1/2 baths. All situated on 9.41 acres. A resort like setting with paved walking trail, drive and parking areas. Each unit has refrigerator,stove, dishwasher, central heat and air. rent ranges from $550 to $700 a month with a potential income of $65,000 annually.
Auction
Bidder Must Qualify: Yes
Buyers Premium: Yes
Buyers Premium %: 10
Remote Bidding: Yes
Real Estate Only: Yes
RE & Personal Prop: No
Auction Date: 2015-12-10
Auction Location: onsite
Auction Time: 12:00 pm
Open for Inspection Date: 2015-12-10
Property Sub-Type
Other: 1
Construction
Frame - Brick: 1
Type of Units
2 Bedroom Unit: 1
3 or more Bdrm Units: 1
Sale Includes
Building and Land: 1
Cooling
Central Cooling: 1
Floors
Carpet: 1
Vinyl: 1
Garage/Parking
Garage Spaces: 1
Detached: 1
Fuel
None: 1
Heat
Central: 1
Appliances
Range: 1
Refrigerator: 1
Other Rooms
Other: 1
Roof
Roof Info: shingles
New Financing
Cash: 1
Conventional: 1
Location Tax Legal Info
House #: 1426
Street Name: Mountain Ranch Road
St Suffix: Rd
State/Province: TN
Zip Code: 37821
PIN #: 10.05
Geo Lat: 35.923367
Geo Lon: -83.207231
Status Change Info
Status Change Date: 2016-02-09
Under Contract Date: 2015-12-10
Sold Date: 2015-12-10
Sold Price: $489,500
Property Features
Property Sub-Type: Other
Type of Units: 2 Bedroom Unit; 3 or more Bdrm Units
Sale Includes: Building and Land
Floors: Carpet; Vinyl
Fuel: None
Heat: Central
Cooling: Central Cooling
Appliances: Range; Refrigerator
Construction: Frame - Brick
Other Rooms: Other
New Financing: Cash; Conventional

IDX
Listing Office: Broyles Real Estate & Auction

Office Phone: 423-586-6103

Last Updated: September - 28 - 2021

The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, 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.