Welcome to this beautifully refreshed 3-bedroom, 1-bath home located within Morristown city limits. Built in 1999 and offering approximately 1,080 square feet of comfortable living space, this move-in-ready home is perfect for first-time homebuyers, downsizers, or investors seeking a great rental opportunity.
Recent updates include a new metal roof, modern black kitchen cabinets, and ceiling fans throughout the home, creating a fresh and inviting atmosphere. The functional floor plan offers comfortable living spaces with plenty of natural light and easy maintenance.
Conveniently located near shopping, dining, schools, and healthcare, this affordable home combines city convenience with everyday comfort. Whether you're looking to purchase your first home or add to your investment portfolio, this property is one you won't want to miss.
New metal roof
Modern Black kitchen cabinetry
New Ceiling fans in each room
Built in 1999
1,080± sq ft
Within Morristown city limits
Excellent rental potential
Ideal starter home
Move-in ready condition
Sold for $215,000
$215,000
1027 Penny Ln, Morristown, TN 37814
3beds
1,080sqft
Single Family Residence, Residential
Built in 1999
0.27 Acres Lot
$216,700 Zestimate®
$199/sqft
$1,587 Estimated rent
Home value
$216,700
$199,000 - $234,000
$1,587/mo
Zestimate® history
Owner options
List your home for rent
$1,587/mo
Rent Zestimate®
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$1,587/mo
Rent Zestimate®
Refinance and save
$1,293/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$1,293/mo
Est. payment
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List your homeWhat's special
New metal roofModern black kitchen cabinetry
Zillow last checked:
Listing updated:
Listed by:
Tuesdee Davis 423-243-4445,
Tennessee Tuesdee Real Estate
Bought with:
Non Member
Non Member
Source: TVRMLS,MLS#: 9997257
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Electric, Heat Pump
Cooling
- Heat Pump
Interior area
- Total structure area: 1,188
- Total interior livable area: 1,080 sqft
Property
Features
- Levels: One
- Stories: 1
Lot
- Size: 0.27 Acres
- Dimensions: 104 x 119 x 104 x 100
- Topography: Rolling Slope
Details
- Parcel number: 033e E 00501 000
- Zoning: OMP
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence, Residential
Materials
- Vinyl Siding
- Roof: Metal
Condition
- Average
- New construction: No
- Year built: 1999
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Not In Subdivision
HOA
- Has HOA: No
Location
- Region: Morristown
Financial & listing details
- Price per square foot: $199/sqft
- Tax assessed value: $178,400
- Annual tax amount: $1,005
- Date on market: 6/23/2026
- Listing terms: Cash,Conventional,FHA,THDA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 7/13/2026 | Sold | $215,000-4.4%$199/sqft |
Source: TVRMLS #9997257 Report a problem | ||
| 6/26/2026 | Pending sale | $225,000$208/sqft |
Source: TVRMLS #9997257 Report a problem | ||
| 6/23/2026 | Listed for sale | $225,000+28.6%$208/sqft |
Source: TVRMLS #9997257 Report a problem | ||
| 7/23/2025 | Sold | $175,000-2.7%$162/sqft |
Source: TVRMLS #9981449 Report a problem | ||
| 6/16/2025 | Pending sale | $179,900$167/sqft |
Source: TVRMLS #9981449 Report a problem | ||
| 6/10/2025 | Listed for sale | $179,900+89.6%$167/sqft |
Source: TVRMLS #9981449 Report a problem | ||
| 12/15/2019 | Listing removed | $94,900$88/sqft |
Source: CRYE-LEIKE ROGERSVILLE REALTY GROUP #585014 Report a problem | ||
| 11/27/2019 | Price change | $94,900-4.6%$88/sqft |
Source: Crye-leike Rogersville Realty Group #424980 Report a problem | ||
| 10/31/2019 | Price change | $99,500-0.4%$92/sqft |
Source: CRYE-LEIKE ROGERSVILLE REALTY GROUP #424980 Report a problem | ||
| 10/18/2019 | Price change | $99,900-4.8%$93/sqft |
Source: CRYE-LEIKE ROGERSVILLE REALTY GROUP #424980 Report a problem | ||
| 10/1/2019 | Price change | $104,900-4.2%$97/sqft |
Source: CRYE-LEIKE ROGERSVILLE REALTY GROUP #424980 Report a problem | ||
| 7/25/2019 | Listed for sale | $109,500+82.8%$101/sqft |
Source: CRYE-LEIKE ROGERSVILLE REALTY GROUP #424980 Report a problem | ||
| 1/23/2011 | Listing removed | $59,900$55/sqft |
Source: Single Tree Realty Co. #536497 Report a problem | ||
| 10/30/2010 | Listed for sale | $59,900+40.9%$55/sqft |
Source: Single Tree Realty Co. #536497 Report a problem | ||
| 7/3/2010 | Listing removed | $42,500$39/sqft |
Source: foreclosure.com Report a problem | ||
| 6/25/2010 | Price change | $42,500-14.8%$39/sqft |
Source: foreclosure.com Report a problem | ||
| 5/28/2010 | Price change | $49,900-16.7%$46/sqft |
Source: foreclosure.com Report a problem | ||
| 4/20/2010 | Price change | $59,900-13.8%$55/sqft |
Source: foreclosure.com Report a problem | ||
| 4/10/2010 | Listed for sale | -- |
Source: foreclosure.com Report a problem | ||
| 6/3/1999 | Sold | $69,500$64/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,005 +47.7% | $44,600 +107.2% |
| 2024 | $680 | $21,525 |
| 2023 | $680 | $21,525 |
| 2022 | $680 | $21,525 |
| 2021 | $680 +0.1% | $21,525 |
| 2020 | $679 +10.7% | $21,525 +19.3% |
| 2019 | $614 +7.9% | $18,050 |
| 2018 | $569 +65.8% | $18,050 |
| 2017 | $343 | $18,050 |
| 2016 | $343 -31% | $18,050 |
| 2015 | $497 | $18,050 |
| 2014 | -- | $18,050 -11.6% |
| 2013 | -- | $20,425 |
| 2011 | $549 | $20,425 |
| 2010 | $549 | $20,425 |
| 2009 | -- | $20,425 +13.3% |
| 2008 | $570 -4.5% | $18,025 |
| 2007 | $597 +17.8% | $18,025 |
| 2006 | $507 | $18,025 |
| 2005 | $507 -10.8% | $18,025 |
| 2004 | $568 +8.1% | $18,025 +8.1% |
| 2003 | $525 | $16,675 +5.5% |
| 2001 | -- | $15,813 -75% |
| 2000 | -- | $63,253 |
Find assessor info on the county website
Neighborhood: 37814
Nearby homes
- $202,6003 bd1 ba989 sqft1055 Penny Ln, Morristown, TN 37814Off Market
- $197,900-- bd1 ba1.2k sqft1032 Penny Ln, Morristown, TN 37814Off Market
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- $154,700-- bd0 ba1k sqft1103 N Henry St, Morristown, TN 37814Off Market
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- $29,000-- bd-- ba-- sqftCherokee Dr, Morristown, TN 37814Off Market
Nearby schools
GreatSchools rating
- 5/10West Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 7/10Lincoln Heights Middle SchoolGrades: 6-8Distance: 1.7 mi
- 6/10Morristown West High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: West Elem
- Middle: Lincoln Heights
- High: Morristown West
Source: TVRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Tennessee
- Hamblen County
- Morristown
- 37814
- 1027 Penny Ln
