1 day on Rocket
#708301, Marivel Villa, Listing office: Keller Williams Properties
$174,900 List price
1055 Penny Ln Morristown, TN 37814
3 beds
1 full
989 sqft
0.2 acres
$177 / sqft
House
Property details
About 1055 Penny Ln
Explore this investment opportunity in Morristown, TN. Conveniently situated, this property features a tenant with an excellent rental history. It offers turnkey income for investors seeking a start into real estate investing on a reliable piece of property. or for a great starter home with the full basement this property could be expanded to meet anyone's needs. Showings are available by appointment only. Owner willing to give concessions to cover a variety of repairs this property may need or towards closing.
Highlights
Home typeSingle Family Residence
HeatingHeat Pump
StatusActive
CoolingCentral Air
Size989 sqft
BasementYes
Lot size0.2 Acres
Year built1999
ParkingDriveway
MLS #9981393
Summary
- Full Bathrooms: 1
- Basement: Yes
- Total Bedroom Count: 3
- Attached Garage: No
- Parking: Driveway
- Architectural Style: Ranch
- Heating: Heat Pump
- Cooling: Central Air
- List Price: $174,900
- Price/SqFt: $176
- Annual Tax Amount: $408
- Tax Year: 2022
- Directions: From N henry st turn right onto west 13th north st then right onto penny ln. house is the second to last house on penny ln on the right
- Year Built: 1999
- Living Area: 989 SqFt
- Lot Size: 0.2 Acres
- MLS Number: 9981393
- MLS Name: Tennessee/Virginia Regional MLS
- Office Name: Crye-Leike Rogersville Realty Group
- Office Phone: (423) 272-5050
- Office Email: larick@bellsouth.net
- Listing Agent: Cody Fobber
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Tennessee Virginia Regional MLS. 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. Real estate listings held by brokerage firms other than this brokerl, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright© 2025 Tennessee Virginia Regional MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/16/2025, 10:40:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 19, 2010 | Home Sold | $76,797 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $23,200 | $- |
| 2022 | $23,200 | $408 |
| 2021 | $23,200 | $408 |
| 2020 | $23,200 | $408 |
| 2019 | $20,075 | $631 |
| 2018 | $20,075 | $631 |
| 2017 | $20,075 | $593 |
History based on county public records data.
Nearby schools
5
West Elementary School
Public District PK-5
0.3 mi
•235 W Converse St
3
Fairview Marguerite
Public District KG-5
1.0 mi
•2125 Fairview Rd
4
Hillcrest Elementary School
Public District PK-5
1.4 mi
•407 S Liberty Hill Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $20,545. The majority of Morristown, TN residents have income less than $<35k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
84%
<35k
16%
35k-100k
0%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
51%
Single, No Kids
21%
Single, with Kids
15%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
7%
12-17 yrs old
34%
18-34 yrs old
36%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
UFC- Pro Boxing
Where do the neighbors shop?
Family Dollar
Burlington
Big Lots
Where do the neighbors go to eat?
Church's Chicken
Burger King
Popeyes
What do the neighbors drive?
Cadillac
Buick
Dodge
What do the neighbors listen to?
Jazz
Urban Contemporary
Adult Standards
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
About 1055 Penny Ln
The listing price of 1055 Penny Ln property is $174,900.
The property 1055 Penny Ln is a house located in Morristown, Tennessee, 37814.
Active Listing: 1055 Penny Ln is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1055 Penny Ln are: West Elementary School (GreatSchools Rating 5/10), Fairview Marguerite (GreatSchools Rating 3/10), Hillcrest Elementary School (GreatSchools Rating 4/10), Meadowview Middle School (GreatSchools Rating 5/10), Lincoln Heights Middle School (GreatSchools Rating 5/10), West View Middle School (GreatSchools Rating 6/10), Morristown East High School (GreatSchools Rating 4/10), Morristown West High School (GreatSchools Rating 5/10), Hamblen County Alternative School (GreatSchools Rating 1/10).
According to the records, the last property tax for 2022 is $408 (source: MLS/based on county public records data).
The last sale was on July 19, 2010 for $76,797 (source: MLS/tax record).
The property at 1055 Penny Ln has 3 bedrooms and 1 bathroom.
The property 1055 Penny Ln is 989 SqFt (source: MLS/tax record).
The year of construction for 1055 Penny Ln is 1999.
This home is located at 1055 Penny Ln in Morristown, TN and zip code 37814. This 989 square foot home, which was built in 1999, sits on a 0.20 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 9, 2025 and is currently priced at $174,900.
Over 10 listings were sold over their listed price in June 2025 in Morristown, TN. In the same period over 32 listings were sold below the listed price and 11 listings were sold for the listed price. The number of listings in Morristown, TN increased by 0.8% between May and June 2025. In June 2025, listings were on the market for 31 days. During the same period, the median list price in this real estate market was $290,000.
From Rocket Homes Real Estate and based on county public records data.