$3,266 Closing Credit¹
#1291412, Listing office: Wallace
$299,500 List price
550 Summit Ridge Dr Newport, TN 37821
$3,557
Closing credit¹
4 beds
2 full
2,392 sqft
0.3 acres
$125 / sqft
House
Property details
About 550 Summit Ridge Dr
Buyers have your agent schedule a tour of this property, the sellers are MOTIVATED and want to help you make this your home. First time home buyers this is your opportunity!! This spacious 4-bedroom, 2-bath home offers 2,392 sq ft with ample living space with peaceful views and a location that has it all, perfect for those who appreciate room to spread out. This home is ideally located near shopping centers. Inside, the home features updates, including security system a brand-new HVAC system, refrigerator, and double ovens. This home offers a walk-in shower on the main level while the main level adds ease of living, while the downstairs living room and bonus room create versatile options for work or play. This home comes with a reverse osmosis system and whole-house water filter providing clean, purified water throughout. The backyard is fully fenced, offering privacy and a secure area. After a full day enjoy the evening on the side porch in your hot tub, whether you enjoy outdoor entertaining or simply relaxing in a peaceful setting, the backyard is an excellent feature. The yard also features a new storage shed. Home is conveniently located above the famous Grease Rack Restaurant, and hospitals, offering both convenience and easy access to essential amenities. Close to I-40 interstate exchange allowing the convenience to visit surrounding towns like Pigeon forge, Gatlinburg, Dandridge and Knoxville. A short drive to Douglas Lake enabling summertime enjoyment of fishing and boating.
Highlights
Home typeSingle Family Residence
HeatingHeat Pump
StatusActive
CoolingCentral Air, Heat Pump
Size2,392 sqft
BasementYes
Lot size0.32 Acres
Year built1962
MLS #305041
FireplaceGas Log
ViewMountain(s)
Summary
- Full Bathrooms: 2
- Appliances: Double Oven, Dryer, Electric Cooktop, Refrigerator, Washer
- Basement: Yes
- Flooring Type: Hardwood, Laminate, Vinyl, Tile
- Interior: Pantry
- Fireplace: Gas Log
- Total Bedroom Count: 4
- View: Mountain(s)
- Exterior: Patio, Fence
- Architectural Style: Ranch
- Heating: Heat Pump
- Cooling: Central Air, Heat Pump
- List Price: $299,500
- Price/SqFt: $125
- Annual Tax Amount: $1,358
- Tax Year: 2022
- Directions: From Weigels in Newport head south on Heritage Blvd, Turn left on Morrell Springs Rd, Turn left onto Bolton Dr, turn rt onto summit ridge dr, house is on the right see sign.
- Year Built: 1962
- Stories: 1
- Living Area: 2,392 SqFt
- Lot Size: 0.32 Acres
- MLS Number: 305041
- MLS Name: GreatSmokyMountains
- Office Name: Country Living Realty
- Office Phone: (423) 430-9012
Copyright Great Smoky Mountains Association of REALTORS ® & MLS. All rights reserved. Information is deemed reliable but not guaranteed. The information being provided is 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/22/2025, 9:45:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$299,500
550 Summit Ridge Dr
$3,557
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 06, 2022 | Home Sold | $180,000 |
| Sep 28, 2021 | Home Sold | $155,000 |
| Feb 13, 2018 | Home Sold | $109,900 |
| Feb 06, 2002 | Home Sold | $52,000 |
| Mar 29, 2001 | Home Sold | $52,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $27,275 | $- |
| 2022 | $27,275 | $1,358 |
| 2021 | $27,275 | $1,358 |
| 2020 | $27,275 | $700 |
| 2019 | $24,300 | $1,329 |
| 2018 | $24,300 | $1,329 |
| 2017 | $24,300 | $1,331 |
History based on county public records data.
Nearby schools
6
Dandridge Elementary School
Public District PK-5
14.5 mi
•780 Highway 92 S
4
McDonald Elementary School
Public District PK-5
15.0 mi
•8120 McDonald Rd
6
Witt Elementary School
Public District PK-5
15.1 mi
•4650 S Davy Crockett Pkwy
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 $28,008. The majority of Newport, TN residents have income less than $<35k annually. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
64%
<35k
27%
35k-100k
7%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
39%
Single, No Kids
19%
Single, with Kids
27%
Married, No Kids
15%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
9%
12-17 yrs old
18%
18-34 yrs old
42%
35-64 yrs old
16%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
Pro Wrestling
Extreme Sports
Where do the neighbors shop?
Kmart
Wal-Mart
Academy Sports & Outdoors
Where do the neighbors go to eat?
Bob Evans
Sonic
Little Caesars
What do the neighbors drive?
Buick
Oldsmobile
Chevrolet
What do the neighbors listen to?
Oldies- Contemporary Inspirational
Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 550 Summit Ridge Dr
The listing price of 550 Summit Ridge Dr property is $299,500.
The property 550 Summit Ridge Dr is a house located in Newport, Tennessee, 37821.
Active Listing: 550 Summit Ridge Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 550 Summit Ridge Dr are: Dandridge Elementary School (GreatSchools Rating 6/10), McDonald Elementary School (GreatSchools Rating 4/10), Witt Elementary School (GreatSchools Rating 6/10), Newport Grammar School (GreatSchools Rating 8/10), Northwest Elementary School (GreatSchools Rating 3/10), Bridgeport Elementary School (GreatSchools Rating 6/10), Cocke County High School (GreatSchools Rating 4/10), Cosby High School (GreatSchools Rating 4/10), Jefferson County High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2022 is $1,358 (source: MLS/based on county public records data).
The last sale was on September 6, 2022 for $180,000 (source: MLS/tax record).
The property at 550 Summit Ridge Dr has 4 bedrooms and 2 bathrooms.
The property 550 Summit Ridge Dr is 2,392 SqFt (source: MLS/tax record).
The year of construction for 550 Summit Ridge Dr is 1962.
This home is located at 550 Summit Ridge Dr in Newport, TN and zip code 37821. This 2,392 square foot home, which was built in 1962, sits on a 0.32 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 25, 2025 and is currently priced at $299,500.
While more than 6 listings in Newport, TN in May 2025 were sold above asking price, there were more than 0 listings sold at asking price, and more than 11 were sold below. In May 2025 in Newport, TN there were 3.7% less homes for sale than in April. In May 2025, listings were on the market for 126 days. During the same period, the median list price in this real estate market was $250,000.
From Rocket Homes Real Estate and based on county public records data.