NOT LISTED FOR SALE

1020 E Main St Morristown, TN 37814

Morristown Area

Estimated Value: $127,552 - $187,000

Studio
2 Baths
1,268 Sq Ft
$126/Sq Ft Est. Value

Sale Details

Date Sold: November 14, 2022

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

Est. 26% increase in value since last sale

Current estimated payment $891 / mo

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

4,792 Sq Ft Lot

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
  • General Property Information:Lot Size Acres: 0.11
  • General Property Information:Lot Size Dimensions: 60x148
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • General Property Information:Fireplace YN: No
  • General Property Information:Spa YN: No
  • General Property Information:Home Warranty YN: No
  • Appliances Refrigerators: Yes
  • Foundation Details:Block3: Yes
  • General Property Information:Basement YN: 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
  • General Property Information:Number Of Units Total2: 2.0
  • 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

  • General Property Information:Carport YN: No
  • 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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2022
Closed on
Nov 14, 2022
Sold by
Bought by
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%
Current Estimated Value
$159,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,916
Avg. Annual Appreciation
6.48%
Original Mortgage
$94,950
Interest Rate
0.0708%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 12, 2019
Closed on
Mar 25, 2020
Sold by
Bought by
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
Bought by
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
Bought by

Purchase Details

Closed on
Apr 11, 1988
Bought by

Purchase Details

Closed on
Sep 27, 1962
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$129,900 --
$50,000 Colonial Title Group Inc
$42,000 Colonial Title Group
-- --
-- --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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 View Prior Sale
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $523 $39,960 $10,240 $29,720
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

    4 in this area

    205 Total Sales

    Lauren Castle
    Section Image

  • I

    Buyer's Agent in 2022

    IAN CULLEN

    Tennessee Valley Appraisal Services

    (423) 746-0027

    185 in this area

    4,205 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

    5 in this area

    50 Total Sales

    Andy Hall
    Section Image
  • BJ Kramps

    Seller's Agent in 2018

    BJ Kramps

    RE/MAX

    (423) 258-2114

    8 in this area

    114 Total Sales

    BJ Kramps
    Section Image
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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

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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