NOT LISTED FOR SALE

1042 Gap Creek Rd Elizabethton, TN 37643

Estimated Value: $222,000 - $354,000

-- Bed
2 Baths
1,890 Sq Ft
$147/Sq Ft Est. Value

Last Sold January 04, 2023

Last sale price $200,000 $106 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $1,540/month

34 Days on Market

Highlights

  • Ranch Style House
  • Ceramic Tile Flooring
  • Level Lot
  • Window Unit Cooling System
  • Baseboard Heating

About This Home

As of January 2023

Calling all investors! Come check out this turn key investment sitting on just over half an acre. This is a single level, brick ranch duplex. One unit is a 3BR 1BA and rents for $1,150 per month. Other unit is 2BR 1BA and rents for $850 per month. Each unit has their own driveway. Heat source is electric baseboard and A/C is window units. Buyer and buyer's agent to verify all information. Shown by appointment only.

Last Agent to Sell the Property

MICHAEL DAVIS

The Addington Agency Bristol License #353671 Listed on: 11/13/2022

Last Buyer's Agent

David Collins

Collins & Co. Realtors & Auctioneers License #303152

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $885

Year Built

  • Built in 1968

Lot Details

  • 0.65 Acre Lot
  • Lot Dimensions are 300x100
  • Level Lot
  • Cleared Lot
  • Property is in average condition

Home Design

  • Duplex
  • Ranch Style House
  • Brick Exterior Construction
  • Shingle Roof

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile
  • Vinyl

Laundry

  • Washer and Electric Dryer Hookup

Schools

  • Happy Valley Elementary And Middle School
  • Happy Valley High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Septic Tank

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 049 068.01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$885

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Directions: From Hwy 67 in Elizabethton, take Hwy 362. Make a left onto Gap Creek Rd. Property will be on the right just past True Gospel Baptist Church. See sign.
  • Prop. Type: Residential Income
  • Year Built: 1968
  • Property Sub Type: Duplex
  • Subdivision Name: Not In Subdivision
  • Architectural Style: Duplex, Ranch
  • Unit Levels: One
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 049 068.01
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.65
  • General Property Description Zoning2: R
  • General Property Description Elementary School3: Happy Valley
  • General Property Description Middle School2: Happy Valley
  • General Property Description High School3: Happy Valley
  • Water Public: Yes
  • General Property Description Lot Dimensions: 300x100
  • TopographyLot Description Level2: Yes
  • Style Ranch: Yes
  • Roof Shingle: Yes
  • TopographyLot Description Sloped: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Carpet: Yes
  • Flooring Laminate: Yes
  • TopographyLot Description Cleared: Yes
  • Excluded From Sale A C Window Units: Yes
  • Flooring Vinyl: Yes
  • Property Condition Average: Yes
  • Flooring Ceramic Tile: Yes
  • General Property Description Total Units: 2
  • Style Duplex: Yes
  • Levels One: Yes
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Carpet, Ceramic Tile, Laminate

Exterior Features

  • Property Condition: Average
  • Roof: Shingle
  • Lot Features: Sloped, Level, Cleared
  • Acres: 0.65
  • Construction Type: Brick
  • Exterior Finish Brick4: Yes

Garage/Parking

  • Parking Features: Asphalt
  • Attached Garage: No
  • Parking Features:Asphalt2: Yes

Utilities

  • Heating: Baseboard
  • Sewer: Septic Tank
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Sewer Septic Tank: Yes
  • Heating:Baseboard: Yes

Schools

  • Elementary School: Happy Valley
  • High School: Happy Valley
  • Middle Or Junior School: Happy Valley

Lot Info

  • Zoning: R
  • Lot Dimensions: 300x100
  • Lot Size Sq Ft: 28314.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 049 068.01
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 31, 2025
Sold by
Zeiler Living Trust and Zeiler Dean
Bought by
State Of Tennessee
Current Estimated Value
$278,642

Purchase Details

Listed on
Nov 13, 2022
Closed on
Jan 4, 2023
Sold by
Gillum John
Bought by
Zeiller Living Trust
Seller's Agent
MICHAEL DAVIS
The Addington Agency Bristol
Buyer's Agent
David Collins
Collins & Co. Realtors & Auctioneers
List Price
$225,000
Sold Price
$200,000
Premium/Discount to List
-$25,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.48%

Purchase Details

Listed on
Oct 31, 2021
Closed on
Nov 19, 2021
Sold by
Himes Ava Suzette
Bought by
Gillum John
Seller's Agent
Chandan Regert
KW Johnson City
Buyer's Agent
Laura Meade
Property Advisors
List Price
$200,000
Sold Price
$157,500
Premium/Discount to List
-$42,500
-21.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.54%
Original Mortgage
$165,000
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 16, 2007
Sold by
Himes Ava Suzette
Bought by
Himes Ava Suzette

Purchase Details

Closed on
Sep 15, 1982
Bought by
Taylor Frank W and Taylor Pansy
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
State Of Tennessee -- None Listed On Document
State Of Tennessee -- None Listed On Document
Zeiller Living Trust $200,000 --
Gillum John $157,500 None Available
Gillum John $157,500 None Listed On Document
Himes Ava Suzette -- --
Taylor Frank W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gillum John $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/04/2023 01/04/23 Sold $200,000 -11.1% $106 / Sq Ft
12/18/2022 12/18/22 Pending -- -- --
11/13/2022 11/13/22 For Sale $225,000 +42.9% $119 / Sq Ft
11/19/2021 11/19/21 Sold $157,500 -21.3% $83 / Sq Ft View Prior Sale
10/29/2021 10/29/21 Pending -- -- --
10/14/2021 10/14/21 For Sale $200,000 -- $106 / Sq Ft
Source: Tennessee/Virginia Regional MLS

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 $885 $40,575 $4,575 $36,000
2023 $885 $40,575 $0 $0
2022 $824 $40,575 $4,575 $36,000
2021 $824 $40,575 $4,575 $36,000
2020 $812 $40,575 $4,575 $36,000
2019 $812 $32,875 $4,575 $28,300
2018 $812 $32,875 $4,575 $28,300
2017 $812 $32,875 $4,575 $28,300
2016 $805 $32,875 $4,575 $28,300
2015 $805 $32,875 $4,575 $28,300
2014 $793 $32,375 $4,575 $27,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9945692

Tennessee/Virginia Regional MLS

APN: 049-068.01