*Seller will contribute up to 3% of the purchase price toward buyer's closing costs with an acceptable offer.*
Completely transformed 2BR/2BA cottage at 408 Prospect Ave! Reconfigured floor plan maximizes space alongside BRAND NEW updates throughout: new roof, siding, HVAC, electrical, plumbing, flooring, walls, cabinetry, appliances, and fixtures. Unbeatable central Newport location seconds from the hospital/pharmacy and minutes from shopping, dining, Walmart, and Lowe's. Ideal starter home, downsize, or turnkey investment. Schedule your showing today!
Active
Price cut: $10K (9/15)
$255,000
408 Prospect Ave, Newport, TN 37821
2beds
1,080sqft
Single Family Residence, Residential
Built in 1940
3,049 Square Feet Lot
$-- Zestimate®
$236/sqft
$-- HOA
What's special
New roof
- 28 days
- 440
- 42
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Mark Meade 865-740-6039,
Live in the SMOKYs 865-268-4546
Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3591837
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Dishwasher, Electric Range, Microwave, Refrigerator
- Laundry: Electric Dryer Hookup, Washer Hookup
Features
- Ceiling Fan(s)
- Flooring: Luxury Vinyl
- Basement: None
- Has fireplace: No
Interior area
- Total structure area: 1,080
- Total interior livable area: 1,080 sqft
- Finished area above ground: 1,080
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch, Covered
Lot
- Size: 3,049 Square Feet
- Dimensions: 50.9 x 66.3 IRR
- Features: Level
- Topography: Level
Details
- Parcel number: 056B I 03500 000
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence, Residential
Materials
- Vinyl Siding, Other
- Roof: Metal
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available
Green energy
- Energy efficient items: Windows
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Other
HOA
- Has HOA: No
Location
- Region: Newport
Financial & listing details
- Price per square foot: $236/sqft
- Tax assessed value: $89,500
- Annual tax amount: $677
- Date on market: 9/14/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/15/2026 | Price change | $255,000-3.8%$236/sqft |
Source:  East Tennessee Realtors #1353298 Report a problem | ||
| 8/27/2026 | Listed for sale | $265,000+211.8%$245/sqft |
Source:  GSMAR, GSMMLS #313517 Report a problem | ||
| 5/8/2026 | Sold | $85,000-22.7%$79/sqft |
Source:  RealTracs MLS as distributed by MLS GRID #3298576 Report a problem | ||
| 3/27/2026 | Pending sale | $110,000$102/sqft |
Source: East Tennessee Realtors #1331465 Report a problem | ||
| 3/5/2026 | Listed for sale | $110,000+29.4%$102/sqft |
Source: GSMAR, GSMMLS #310485 Report a problem | ||
| 8/23/2022 | Sold | $85,000$79/sqft |
Source:  Lakeway Area AOR #607430 Report a problem | ||
| 7/22/2022 | Pending sale | $85,000$79/sqft |
Source: Lakeway Area AOR #607430 Report a problem | ||
| 6/13/2022 | Listed for sale | $85,000$79/sqft |
Source: Lakeway Area AOR #607430 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $677 +42.5% | $22,375 +134.3% |
| 2024 | $475 | $9,550 |
| 2023 | $475 -0.1% | $9,550 |
| 2022 | $475 | $9,550 |
| 2021 | $475 | $9,550 |
| 2020 | $475 +1.7% | $9,550 +11.7% |
| 2019 | $468 | $8,550 |
| 2018 | $468 -0.1% | $8,550 |
| 2017 | $468 -5.5% | $8,550 |
| 2016 | $495 +40.5% | $8,550 |
| 2015 | $352 | $8,550 |
| 2014 | $352 | $8,550 +0.6% |
| 2013 | $352 +9.2% | $8,500 0% |
| 2011 | $323 | $8,502 |
| 2010 | $323 | $8,502 |
| 2009 | -- | $8,502 +9.9% |
| 2008 | $350 | $7,739 |
| 2007 | $350 +0.9% | $7,739 +0.9% |
| 2006 | $347 | $7,673 |
| 2005 | $347 -19.6% | $7,673 |
| 2004 | $431 +60.8% | $7,673 +60.8% |
| 2002 | $268 | $4,771 -4.7% |
| 2001 | -- | $5,005 -75% |
| 2000 | -- | $20,021 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 37821
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