$1,500,000
SOLD MAR 30, 2022

101 Raintree Ln Kingston, TN 37763

-- Bed
-- Bath
14,560 Sq Ft
0.96 Acres

Recently Sold

$103 Per Sq Ft

4% Above List Price

Highlights

  • Balcony
  • Zoned Heating System
  • Carpet
  • Patio

About This Home

As of March 2022

INCREDIBLE VALUE ADD OPPORTUNITY! ALL 2 BDRMS, BRICK, BUILT 1982, TENANTS PAY ALL UTILITIES.
16-2Bdrm 1 ba units on 4 separate lots. Great floorplans. $36,000/year upside. Units have centrral hvac, washer/dryer connections, eat-in kitchens, dishwashers & ample storage. Current owner has begun the process of upgrading units as they become vacant with all new kitchens and bathrooms, redone plumbing including new water heaters, LVT flooring throughout, new doors. 5 units have been completedy lifted. 4 units are vacant and available for a new owner to complete their upgrades. Upon remodel completions, redone units are now renting for $850-$900.

Last Agent to Sell the Property

Solange Velas

Goldman Partners Realty, LLC License #263596 Listed on: 12/18/2021

Last Buyer's Agent

Wayne Rutherford

Crye-Leike Realtors-Athens

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,261

Year Built

  • Built in 1982

Home Design

  • 14,560 Sq Ft Home
  • Brick Exterior Construction

Kitchen

  • Self-Cleaning Oven
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Balcony
  • Patio

Additional Features

  • 0.96 Acre Lot
  • Zoned Heating System

Listing and Financial Details

  • The owner pays for taxes, lawn maintenance
  • Assessor Parcel Number 058N H 024.00 000

Community Details

Overview

  • 16 Units

Building Details

  • Operating Expense $44,720
  • Net Operating Income $73,370

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,261

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Directions: Take I-40. Exit 355. Left onto Lawnville, left onto Ladd Wright, right onto Kingston Hwy, left onto Bailey, right onto Paint Rock, left onto Woodlawn, left onto Willowbrook. Properties on the right starting at corner of Raintree & Willowbrook.
  • Prop. Type: Multi-Family
  • Year Built: 1982
  • Lot Size Acres: 0.96
  • Lot Size: 300x138xirreg
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Self Cleaning Oven, Refrigerator
  • Owner Pays: Taxes, Lawn Maintenance
  • Flooring: Carpet, Vinyl

Exterior Features

  • Exterior Features: Patio, Balcony
  • Construction Type: Brick

Utilities

  • Heating: Central
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 41800.0
  • Parcel #: 058N H 024.00 000
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 16
  • Annual Gross Income: 131340.0
  • Property Net Operating Income: 73370.0
  • Annual Operating Expense: 44720.0

Tax Info

  • Tax Annual Amount: 4260.95

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/30/2022 03/30/22 Sold $1,500,000 +4.2% $103 / Sq Ft
12/24/2021 12/24/21 For Sale $1,440,000 +829.0% $99 / Sq Ft
03/12/2021 03/12/21 Sold $155,000 -6.1% $43 / Sq Ft
02/18/2021 02/18/21 Pending -- -- --
02/17/2021 02/17/21 For Sale $165,000 -- $45 / Sq Ft
Source: East Tennessee REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Solange Velas

    Seller's Agent in 2022

    Solange Velas

    Goldman Partners Realty, LLC

    (865) 444-3240

    9 in this area

    152 Total Sales

    Section Image

  • W

    Buyer's Agent in 2022

    Wayne Rutherford

    Crye-Leike Realtors-Athens

See All Agents

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1176352

East Tennessee REALTORS® MLS

Tennessee Roane County Kingston 37763

101 Raintree Ln, Kingston, TN

This home is located at 101 Raintree Ln, Kingston, TN 37763 and is currently priced at $1,500,000, approximately $103 per square foot. This property was built in 1982. 101 Raintree Ln is a home located in Roane County with nearby schools including Kingston Elementary School, Midtown Elementary School, and Midway Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

East Tennessee REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.

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