1027 Penny Lane Morristown, TN $ 225,000
1027 Penny Lane
$ 225,000
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1027 Penny Lane

Morristown, TN, 37814
$ 225,000
Bedrooms3 Baths1.0 Sq 1,080

Monthly Estimate*

$ 1,421

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Single Family Home for sale in Morristown, TN

for $225,000 with 3 bedrooms and 1 full bath. This 1,080 square foot home was built in 1999 on a lot size of 0.27.

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

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Single Family Active

Price

$ 225,000

Bedrooms

3

Full Bath

1

Property Type

Single Family

Taxes

$ 1,006

Style

Ranch

Lot Size

0.27

Year Built

1999

Town/City

Morristown

County/Region

Hamblen

MLS | Web ID

9997257

Features
General
Heating Electric Heat Pump
Cooling Heat Pump
Roof Metal
Zoning OMP
Architectural Style Ranch
Construction Materials Vinyl Siding
Year Built 1999
Topography Rolling Slope
Property Subtype Single Family Residence
County Hamblen
New Construction false
Property Type Residential
HOA false
Subdivision Name Not In Subdivision
Total Rooms 5
Full Baths 1
Status Active
Directions From the intersection of W Andrew Johnson Hwy (US-11E) and Merchants Greene Blvd in Morristown travel west on W Andrew Johnson Hwy approximately 1.5 miles. Turn right onto Penny Lane. Continue to 1027 Penny Lane located on the right. See sign.
High School Morristown West
City Morristown
MLS Area 209 - Hamblen County
Lot Size Units Acres
Lot Size Square Feet 11761.2
Elementary School West Elem
Home Warranty Y/N false
Middle/Junior High School Lincoln Heights
Property Condition Average
MLS Area Minor 209 - Hamblen County
Structure Type House
Standard Status Active
Conventional true
FHA true
Vinyl Siding true
Cash true
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Interior
Air Conditioning Y/N true
Heating Y/N true
Total Bedrooms 3
Total Baths 1
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Exterior
Water Source Public
Lot Size Area 0.27
Building Area Total 1188
Lot Dimensions 104x119x104x100
Lot Size Acres 0.27
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* Excluded Features
List By
Tuesdee Davis

Listing Agent

Tennessee Tuesdee Real Estate

Broker

tuesdee@mountainlakehomestn.com

Email

Affordability Calculator

$1,505
Per Month
94%
6%
0%
Monthly Principal & Interest
$1,421
Monthly Property Taxes
$84
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
4508268 Middle School
Morristown West High School High School
Pricing History
DatePricePrice ChangeDescription
6/23/2026$225,000 Listed Price

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1027 Penny Lane, Morristown, TN, 37814 is a Single Family Home for sale at $225,000 with 1,080 sqft and a lot size of 0.27. 1027 Penny Lane has 3 bedrooms, 1.0 baths, and was built in 1999. The property's zip code is 37814 which is in Morristown, TN