NOT LISTED FOR SALE

106 Jersey Dr Unit A1 Sevierville, TN 37862

Estimated Value: $433,467

-- Bed
5 Baths
10,600 Sq Ft
$41/Sq Ft Est. Value

Last Sold August 29, 2019

Last sale price $700,000 $66 Per Sq Ft

Est. 38% decrease in value since last sale

Current estimated payment $2,337/month

50 Days on Market

Highlights

  • Wood Flooring
  • Gatlinburg Pittman High School Rated A-
  • Central Heating

About This Home

As of August 2019

The Silo Apartments provide an excellent investment opportunity in growing Sevierville/Pigeon Forge area for workforce housing. Strong management has kept vacancies low, and manager currently maintains a waitlist for openings. Owner has improved units over the years with flooring and security system, and all tenants are on submetered utilities and provide W/D. The apartments are located on a quiet Old Knoxville Highway near the Sevier County Fairgrounds and each unit is provided 2 parking spaces.

The apartments are divided into two buildings of 1/1 and 2/1.5 units and one unique silo-to-home conversion. Landlord responsibilities include common area lighting, mowing, trash pickup.

Last Agent to Sell the Property

Laurence Eaton

Hemlock Realty LLC License #348252 Listed on: 03/12/2019

Last Buyer's Agent

Laurence Eaton

Connell Properties, Inc. License #348252

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $324

Year Built

  • Built in 1987

Lot Details

  • 7,579

Home Design

  • 10,600 Sq Ft Home
  • Brick Exterior Construction
  • Vinyl Siding

Flooring

  • Wood
  • Carpet
  • Laminate

Utilities

  • Central Heating

Community Details

  • 13 Units
  • Yettland Park Subdivision

Listing and Financial Details

  • The owner pays for trash collection, taxes, leasing fees, insurance, lawn maintenance
  • Assessor Parcel Number 049a C 013.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$324

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Directions: TBD
  • Prop. Type: Multi-Family
  • Year Built: 1987
  • Lot Size: IRR
  • Subdivision Name: Yettland Park
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Owner Pays: Trash Collection, Taxes, Leasing Fees, Insurance, Lawn Maintenance
  • Flooring: Laminate, Hardwood, Carpet

Exterior Features

  • Construction Type: Vinyl Siding, Brick

Utilities

  • Heating: Central
  • Heating Yn: Yes

Lot Info

  • Parcel #: 049a C 013.00

Multi Family

  • Number Of Units Total: 13

Tax Info

  • Tax Annual Amount: 324.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2019
Closed on
Aug 28, 2019
Sold by
Hamilton Ralph and Hamilton Jennifer
Bought by
Ada Properties Llc
Seller's Agent
Laurence Eaton
Hemlock Realty LLC
Buyer's Agent
Laurence Eaton
Hemlock Realty LLC
Sold Price
$700,000
Current Estimated Value
$433,467

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$266,533
Avg. Annual Appreciation
-7.49%
Original Mortgage
$560,000
Outstanding Balance
$492,511
Interest Rate
3.8%
Mortgage Type
Commercial
Estimated Equity
-$59,044

Purchase Details

Closed on
Apr 12, 2008
Bought by
Hamilton Ralph and Hamilton Jennifer

Purchase Details

Closed on
Nov 4, 2002
Sold by
Grant Dunn A and Grant Crystal
Bought by
Crowder Alyssa K

Purchase Details

Closed on
Sep 9, 1986
Bought by
Dunn Oscar
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
Ada Properties Llc $700,000 None Available
Hamilton Ralph $1,075,000 --
Crowder Alyssa K $625,000 --
Dunn Oscar $16,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ada Properties Llc $560,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2019 08/29/19 Sold $700,000 -- $66 / Sq Ft
Source: East Tennessee REALTORS® 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
2025 $760 $89,240 $3,600 $85,640
2024 $760 $89,240 $3,600 $85,640
2023 $760 $89,240 $0 $0
2022 $1,701 $89,240 $3,600 $85,640
2021 $1,701 $89,240 $3,600 $85,640
2020 $1,537 $89,240 $3,600 $85,640
2019 $1,537 $65,200 $3,560 $61,640
2018 $1,537 $65,200 $3,560 $61,640
2017 $1,537 $65,200 $3,560 $61,640
2016 $1,415 $65,200 $3,560 $61,640
2015 -- $65,800 $0 $0
2014 $1,277 $65,808 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Laurence Eaton

    Seller's Agent in 2019

    Laurence Eaton

    Hemlock Realty LLC

    (865) 207-7461

    1 in this area

    41 Total Sales

    Laurence Eaton
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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1072761

East Tennessee REALTORS® MLS

APN: 049A-C-013.00

Tennessee Sevier County Sevierville 37862

106 Jersey Dr Unit A1, Sevierville, TN

This home is located at 106 Jersey Dr Unit A1, Sevierville, TN 37862 since 12 March 2019 and is currently estimated at $433,467, approximately $40 per square foot. This property was built in 1987. 106 Jersey Dr Unit A1 is a home located in Sevier County with nearby schools including Northview Elementary School, Catons Chapel Elementary School, and Jones Cove 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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