2480 Elk Way $675,000

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    2480 Elk Way Newport, TN 37821

    • 3 Beds
    • 4 Baths
    • 2,544 sq. ft.
    • Single Family
    • Listing# 1091843
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    Views: 21 Days On Market: 352

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    Property Details

    INVESTMENT OPPORTUNITY! This listing is for 2480, 2481, 2482 Elk Way: Three separate properties being sold as one. First is the main house featuring 3 bedrooms, 4 full baths and a bonus space! The large kitchen opens to the family room with vaulted ceilings and a stone, wood burning fireplace. Second property is a 3 townhouse unit and third property is a 3 apartment unit, both producing positive rental income with current leases. A total of 3 acres located in close proximity to the Smoky Mountains. Now is your chance to own hard to find property generating income! See MLS # 1109858 and 1109320

    • General Features
      • Atchd/Dtchd Type Detached
      • Restrictions Yes
      • PUD No
      • Year Built 1984
    • Building Features
      • Appliances Dishwasher, Disposal, Dryer, Range/Oven, Refrigerator, Security Alarm, Smoke Detector, Washer
      • Construction Frame
      • Cooling Ceiling Fan, Central Cooling
      • Extra Storage Yes
      • Floors Carpet, Tile
      • Fuel Electric
      • Heat Central
      • Garage Parking 2 Car Garage, Attached, Designated Parking, Garage Door Opener, Main Level
      • # of Rooms 1.00
      • 1 7
      • SqFt Main Level 1470.00
      • 3 0.00
      • 2 1074.00
      • SqFt Total Aprox 2,544
      • SqFt Down Level 0.00
      • Style Traditional
    • Room Features
      • Other Rooms Extra Storage, Family Room, Mstr Bdrm Main Level
      • Bonus Room Yes
      • Dining Area Formal Dining Area
    • Property Features
      • Acres 3
      • Exterior Features Deck, Fence - Chain, Porch - Covered, Windows - Insulated, Windows - Vinyl
      • Lot Description Irregular
      • Misc Features Cathedral Ceiling, Walk-in Closets, Washer/Dryer Connect
      • Site Built Yes
      • View Mountain View
      • Water public

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    Neighborhood

    37821 (Newport) Demographics

    43 Median Age
    175 Population Density (per sq. mile)
    14% College Educated
    $27,902 Estimated Median Income
    5,849 Estimated Total Home Owners
    3,341 Estimated Total Renters
    64% / 36% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    21,989 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $156,000 Median Sales Price
    4 Homes Sold
    21 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $675,000
        6/10/2020 6:26:22 PM Price Reduced Source New Value: $675,000 -3.43%
        8/21/2019 11:24:00 AM New in Database Source New Value: $699,000

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        *This Payment Calculator is intended for educational and planning purposes only.
        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the Knoxville Area Association of REALTORS® MLS. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.