1027 Penny Lane

Morristown TN 37814

1188 sq. ft.

11761.2 sq. ft.

Single-Family

Last sold for $215,000

Tuesdee Davis, last sold this property on 13 July 2026 after 19 days on market.

Overview

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

Features

3 bedrooms

1 bathroom

1188 sq. ft. floor area

11761.2 sq. ft. lot size

Single-Family

Estimated Value

Based on this property and similar 3 bedroom single-family properties sold in Morristown over the last 12 months, the estimated median property value of 1027 Penny Lane is $307.25k.

Median value

$307.25k

Estimated value range

$160k - $800k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Morristown. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1027 Penny Lane

2026

Sold

$215,000

13 Jul 2026 by Tuesdee Davis, of Tennessee Tuesdee Real Estate

2025

Sold

$175,000

23 Jul 2025 by Cody Fobber, of Crye-Leike Rogersville Realty Group

Happy sellers in Morristown

We have insufficient information to provide an overview of customer satisfaction for Morristown. Viewing the agent profiles, reviews and sales for Morristown can provide insights for this location.