NOT LISTED FOR SALE

1020 E Main St Morristown, TN 37814

Estimated Value: $134,000 - $186,000

-- Bed
2 Baths
1,268 Sq Ft
$122/Sq Ft Est. Value

Last Sold November 14, 2022

Last sale price $126,601 $100 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $850/month

35 Days on Market

Highlights

  • Vaulted Ceiling
  • Window Unit Cooling System
  • Wood Siding
  • Covered patio or porch
  • Ceiling Fan
  • Heating System Uses Natural Gas

About This Home

As of November 2022

Side by side duplex with excellent rental history. Each unit offers a bedroom, bath, living room and kitchen/dining area all on main level. Shared front porch and entry hall with individual side porches/entrances. New flooring in both kitchens. New ceiling fans, lights and new refrigerator in unit 2. Freshly painted porches. New window unit air conditioners and wall mounted gas heaters. Additional insulation added this year along with some exterior and interior updates. Conveniently located to medical and shopping. Leases in place till Spring of 2023. Separate gas and electric meters and master water meter. $13,200 annual income. Landscaping expenses vary depending on whether seller completes or hires it done. Installed gas heaters and window units with heating/cooling functions along with ceiling fans. Fireplaces are not functional.

Last Agent to Sell the Property

Lauren Castle

CASTLE & ASSOCIATES REAL ESTATE License #268079 Listed on: 10/10/2022

Last Buyer's Agent

IAN CULLEN

Tennessee Valley Appraisal Services License #1778

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $331

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 60x148

Home Design

  • Duplex
  • Block Foundation
  • Wood Siding
  • Masonite

Interior Spaces

  • Vaulted Ceiling
  • Ceiling Fan
  • Metal Fireplace

Unfinished Basement

  • Exterior Basement Entry
  • Block Basement Construction

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Covered patio or porch
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 011.11

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Units

Building Details

  • 1 Separate Water Meter
  • Insurance Expense $960

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$331

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Carport Y N: No
  • Year Built: 1900
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.11
  • Lot Size: 60x148
  • Subdivision Name: None
  • Directions: From downtown Morristown, take E. Main Street past Home Trust Bank. follow to property on the right before Acme Printing.
  • Location Tax and Legal:Tax Annual Amount: 330.88
  • Location Tax and Legal:Parcel Number2: 011.11
  • Water Source:Public: Yes
  • General Property Information:Spa YN: No
  • Appliances Refrigerators: Yes
  • Foundation Details:Block3: Yes
  • Income And Expenses Maintenance Expense: 240.0
  • Manager Expense: 1320.0
  • Income And Expenses New Taxes Expense: 263.2
  • Cooling:Window Unit(s): Yes
  • Meter Information:Number Of Separate Water Meters: 1
  • Roof:Metal: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Electric Oven, Electric Water Heater, Refrigerator
  • Basement: Block, Exterior Entry, Unfinished
  • Interior Amenities: Ceiling Fan(s), Vaulted Ceiling(s)
  • Private Spa: No
  • Basement YN: Yes
  • Fireplace Features: Metal
  • Fireplace: No
  • Community Features:None4: Yes
  • Appliances:Electric Oven: Yes
  • Basement:Block: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Appliances:Electric Water Heater: Yes
  • Interior Features:Vaulted Ceiling(s): Yes
  • Basement:Exterior Entry: Yes
  • Basement:Unfinished: Yes

Exterior Features

  • Exterior Features: None
  • Lot Features: City Lot
  • Home Warranty: No
  • Construction Type: Asphalt, Masonite, Wood Siding
  • Foundation Details: Block
  • Patio And Porch Features: Covered, Porch
  • Lot Features:City Lot: Yes
  • Construction Materials:Wood Siding: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Porch: Yes
  • Construction Materials:Masonite: Yes
  • Exterior Features:None6: Yes

Garage/Parking

  • Unit 1:Garage YN3: No
  • Unit 2:Garage YN4: No
  • Unit 3:Garage YN5: No
  • Unit 4:Garage YN6: No
  • Parking Features:Asphalt: Yes

Utilities

  • Cooling: Window Unit(s)
  • Heating: Electric, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: None
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public
  • Heating:Electric4: Yes
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: None
  • Amenities: Cable TV
  • Association: Yes

Association/Amenities

  • Association Amenities:Cable TV: Yes

Lot Info

  • Lot Size Sq Ft: 4791.6
  • Parcel #: 011.11
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2
  • Resident Manager Expense: 1320.0
  • Number Of Separate Water Meters: 1

Tax Info

  • New Taxes Expense: 263.2
  • Tax Annual Amount: 330.88
  • Tax Map Number: 034J

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2022
Closed on
Nov 14, 2022
Sold by
Hodges William Thomas and Hodges Amy M
Bought by
Sparks Sandra
Seller's Agent
Lauren Castle
CASTLE & ASSOCIATES REAL ESTATE
Buyer's Agent
IAN CULLEN
Tennessee Valley Appraisal Services
List Price
$129,900
Sold Price
$126,601
Premium/Discount to List
-$3,299
-2.54%
Total Days on Market
35
Current Estimated Value
$154,851

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,250
Avg. Annual Appreciation
8.40%
Original Mortgage
$94,950
Outstanding Balance
$92,535
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$62,845

Purchase Details

Listed on
Dec 12, 2019
Closed on
Mar 25, 2020
Sold by
Duecki Ronald Paul
Bought by
Hodges William Thomas and Hodges Amy M
Seller's Agent
Andy Hall
Fox Trail Realty
Buyer's Agent
Lauren Castle
CASTLE & ASSOCIATES REAL ESTATE
List Price
$59,900
Sold Price
$50,000
Premium/Discount to List
-$9,900
-16.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.56%

Purchase Details

Listed on
May 30, 2017
Closed on
Mar 20, 2018
Sold by
Nelson Mike and Nelson Kevin
Bought by
Dueck Ronald P and Dueck Family Trust
Seller's Agent
BJ Kramps
RE/MAX Real Estate Ten Midtown
Buyer's Agent
Andy Hall
Fox Trail Realty
List Price
$59,900
Sold Price
$42,000
Premium/Discount to List
-$17,900
-29.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.97%

Purchase Details

Closed on
Sep 21, 2012
Sold by
Nelson Ogle Thompson
Bought by
Nelson Mike and Nelson Kevin

Purchase Details

Closed on
Apr 11, 1988
Bought by
Nelson Ogle Thompson

Purchase Details

Closed on
Sep 27, 1962
Bought by
Thompson Earnest S Mrs
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Sparks Sandra $129,900 --
Hodges William Thomas $50,000 Colonial Title Group Inc
Dueck Ronald P $42,000 Colonial Title Group
Nelson Mike -- --
Nelson Ogle Thompson -- --
Thompson Earnest S Mrs -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sparks Sandra $94,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2022 11/14/22 Sold $126,601 -2.5% $100 / Sq Ft
10/15/2022 10/15/22 Pending -- -- --
10/10/2022 10/10/22 For Sale $129,900 +159.8% $102 / Sq Ft
03/31/2020 03/31/20 Sold $50,000 -16.5% $39 / Sq Ft
02/07/2020 02/07/20 Pending -- -- --
12/12/2019 12/12/19 For Sale $59,900 +42.6% $47 / Sq Ft
03/20/2018 03/20/18 Sold $42,000 -29.9% $33 / Sq Ft
03/09/2018 03/09/18 Pending -- -- --
05/30/2017 05/30/17 For Sale $59,900 -- $47 / Sq Ft
Source: Lakeway Area Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $331 $18,800 $5,720 $13,080
2023 $331 $18,800 $0 $0
2022 $594 $18,800 $5,720 $13,080
2021 $594 $18,800 $5,720 $13,080
2020 $593 $18,800 $5,720 $13,080
2019 $816 $24,000 $11,040 $12,960
2018 $808 $25,640 $11,040 $14,600
2017 $795 $25,640 $11,040 $14,600
2016 $759 $25,640 $11,040 $14,600
2015 $706 $25,640 $11,040 $14,600
2014 -- $25,640 $11,040 $14,600
2013 -- $27,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lauren Castle

    Seller's Agent in 2022

    Lauren Castle

    CASTLE & ASSOCIATES REAL ESTATE

    (423) 312-1910

    255 Total Sales

    Lauren Castle
    Section Image

  • I

    Buyer's Agent in 2022

    IAN CULLEN

    Tennessee Valley Appraisal Services

    (423) 746-0027

    3,282 Total Sales

    IAN CULLEN
    Section Image

  • N

    Buyer's Agent in 2022

    Non Member

    Non Member - Sales

  • A

    Seller's Agent in 2020

    Andy Hall

    Fox Trail Realty

    (423) 327-9844

    50 Total Sales

    Andy Hall
    Section Image
  • BJ Kramps

    Seller's Agent in 2018

    BJ Kramps

    RE/MAX

    (423) 258-2114

    160 Total Sales

    BJ Kramps
    Section Image
See All Agents

Map

Source: Lakeway Area Association of REALTORS®

MLS Number: 610149

Lakeway Area Association of REALTORS®

APN: 034J-A-011.00

Tennessee Hamblen County Morristown 37813

1020 E Main St, Morristown, TN

This home is located at 1020 E Main St, Morristown, TN 37814 since 10 October 2022 and is currently estimated at $154,851, approximately $122 per square foot. This property was built in 1900. 1020 E Main St is a home located in Hamblen County with nearby schools including Hillcrest Elementary School, Meadowview Middle School, and Morristown East High 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.

Lakeway Area Association of REALTORS® 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.

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