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1027 Penny Lane

Morristown, TN 37814
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Bed 3

Bed

Bath 1

Bath

SqFt1,080

Sqft

Acres0.27

Acre(Lot)

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 portf olio, 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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Detail Ic Property Details

Property Type : Residential

Price : $225,000

AD Id : 85792700

MLS Id : 9997257

Beds : 3

Lot Size : 0.27 Acre

Living Area Size : 1,080

Year Built : 1999

County : Hamblen

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Feature Features

  • Bedroom Information

    Total beds: 3

    Bathroom Information

    Total Baths: 1 Full Baths: 1

    Room Information

    Rooms Total: 5
  • Roofing Information

    Metal
  • Interior Features

    Roof: Metal
  • Heating & Cooling

    Has Heating: Yes Heating: Electric, Heat Pump Has Cooling: Yes Cooling: Heat Pump

  • Building Information

    Year Built: 1999 Building Area Total: 1188 Construction Materials: Vinyl Siding Private Pool: No

  • Lot Information

    Lot Dimensions: 104x119x104x100 Main Square Feet: 0.27 Acres Lot Size Acres: 0.27 Lot Size Square Feet: 11761.2

    Property Information

    Subdivision: Not In Subdivision Source Property Type: Residential MLS Area Minor: 209 - Hamblen County Property SubType: Single Family Residence Levels: One Property Age: 27

  • Listing Price Information

    Listing Price: $225000 Cash, Conventional, FHA, VA Loan

  • Tax Information

    Parcel Number: 033e E 00501 000

  • School Information

    Elementary School: West Elem
    Junior High School: Lincoln Heights
    Senior High School: Morristown West
  • Location Information

    Direction: 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. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4475 Copeland Drive, Morristown, TN, 37814 $239,999 5 1 2,746 2,746 SqFt
540 Cliff St, Morristown, TN, 37814 $379,900 5 4 2,676 2,676 SqFt
1698 Elgin Drive, Morristown, TN, 37814 $299,900 -- 2 1,512 1,512 SqFt
4801 Harbor Drive, Morristown, TN, 37814 $645,000 3 3 2,870 2,870 SqFt
1301 Blackburn Drive, Morristown, TN, 37814 $224,900 -- 2 1,296 1,296 SqFt
3135 Bridgewater Boulev.., Morristown, TN, 37814 $1,199,900 5 5 3,536 3,536 SqFt
3182 Bridgewater Blvd, Morristown, TN, 37814 $429,900 3 2 1,983 1,983 SqFt
1324 Davis Street, Morristown, TN, 37814 $202,000 3 2 1,500 1,500 SqFt
1323 Goodson Avenue, Morristown, TN, 37814 $124,900 2 1 672 672 SqFt
2233 Windswept Way, Morristown, TN, 37814 $899,000 4 4 3,668 3,668 SqFt

The data relating to real estate for sale on this website 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 ByOwner, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2026 Tennessee Virginia Regional MLS. All Rights Reserved.

ByOwner last updated this listing 06/24/2026 @ 09:15

MLS: 9997257 LISTED BY: Tuesdee Davis, Tennessee Tuesdee Real Estate 423-243-4445 SOURCE: TennesseeVirginia Regional MLS

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