NOT LISTED FOR SALE

108 Bank St Surgoinsville, TN 37873

Estimated Value: $240,731

-- Bed
-- Bath
3,200 Sq Ft
$75/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $200,000 $62 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $1,363/month

110 Days on Market

Highlights

  • Creek or Stream View
  • Wood Flooring
  • Window Unit Cooling System
  • Deck
  • Paneling
  • Shed

About This Home

As of August 2021

Tidy, updated and well maintained mobile home park consisting of six mobile homes and six storage units. All units have been updated, and one has been completely remodeled. Each unit has its own storage unit included. All units are hooked up to city sewer, and have new water lines and separate meters. Convenient downtown location within walking distance to the post office, pharmacy. Great view of the river. There is an on site manager who lives nearby who would be willing to stay on to collect rents and make any repairs. Tenants are stable and long term. Any vacancies are filled immediately. Gross rents are $28,800/year. This is a great and unique investment opportunity. Please do not approach tenants.
''Some information in this listing may have been obtained from a 3rd party and/or tax records and must be verified before assuming accurate. Buyer(s) must verify all information.'' Being sold in ''As Is'' condition.

Last Agent to Sell the Property

STEPHANIE GOEBBEL

Century 21 Heritage License #246022 Listed on: 03/01/2021

Last Buyer's Agent

Robert Babcock

Southland Realtors, Inc License #218722

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $748

Year Built

  • Built in 1980

Lot Details

  • 1.66 Acre Lot
  • Lot Dimensions are 425x249x144x259
  • Level Lot
  • Property is in average condition

Parking

  • Gravel Driveway

Home Design

  • Wood Walls
  • Metal Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 3,200 Sq Ft Home
  • 1-Story Property
  • Paneling
  • Insulated Windows
  • Creek or Stream Views
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Outdoor Features

  • Deck
  • Shed

Schools

  • Surgoinsville Elementary And Middle School
  • Volunteer High School

Utilities

  • Window Unit Cooling System
  • Central Heating
  • Space Heater
  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 066i D 018.00

Community Details

Overview

  • 7 Buildings
  • 6 Units

Building Details

  • Utility Expense $450
  • Operating Expense $6,700
  • Gross Income $28,800
  • Net Operating Income $22,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$748

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Directions: From 11W, L onto TN346S towards Surgoinsville on Main Street. Turn R onto Bellamy Avenue, then L onto Bank Street, then immediately R.
  • Prop. Type: Residential Income
  • Year Built: 1980
  • Body Type: Single Wide
  • IncomeAndExpensesAnnualUtilityExpenses: 450
  • Property Sub Type: Multi-Family
  • Architectural Style: See Remarks
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 066i D 018.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 1.66
  • General Property Description Zoning2: B3
  • General Property Description Elementary School3: Surgoinsville
  • General Property Description Middle School2: Surgoinsville
  • General Property Description High School3: Volunteer
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 425x249x144x259
  • TopographyLot Description Level2: Yes
  • Flooring Hardwood: Yes
  • General Property Description Stories2: 1
  • Other Structures Shed(s): Yes
  • TopographyLot Description Sloped: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Carpet: Yes
  • Flooring Laminate: Yes
  • Utilities Cable Available: Yes
  • View CreekStream: Yes
  • Roof Metal3: Yes
  • Excluded From Sale A C Window Units: Yes
  • Flooring Vinyl: Yes
  • Walls Paneling: Yes
  • Property Condition Average: Yes
  • Walls Wood3: Yes
  • Other Structures Storage2: Yes
  • Body Type Single Wide: Yes
  • General Property Description # Buildings: 7
  • General Property Description Total Units: 6
  • General Property Description Home Warranty2: No
  • Special Features: None

Interior Features

  • Flooring: Vinyl, Carpet, Hardwood, Laminate
  • Window Features: Insulated Windows, Single Pane Windows

Exterior Features

  • Property Condition: Average
  • Roof: Metal
  • Lot Features: Sloped, Level
  • Other Structures: Shed(s), Storage
  • View: Creek/Stream
  • Acres: 1.66
  • Home Warranty: No
  • Construction Type: Aluminum Siding, Vinyl Siding
  • Foundation Details: See Remarks
  • Patio And Porch Features: Deck
  • Exterior Finish Vinyl Siding: Yes
  • Window Features:Insulated Windows: Yes
  • PorchPatioDeck Deck: Yes
  • Window Features:Single Pane Windows: Yes
  • Exterior Finish Aluminum Siding: Yes
  • Construction:Manufactured: Yes

Garage/Parking

  • Parking Features: Gravel
  • Attached Garage: No
  • Parking Features:Gravel: Yes

Utilities

  • Heating: Space Heater, Electric, Central, Baseboard
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Baseboard: Yes
  • Heating:Electric: Yes
  • Heating:Space Heater: Yes

Schools

  • Elementary School: Surgoinsville
  • High School: Volunteer
  • Middle Or Junior School: Surgoinsville

Lot Info

  • Zoning: B3
  • Lot Dimensions: 425x249x144x259
  • Lot Size Sq Ft: 72309.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 066i D 018.00
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 28800.0
  • Vacancy Allowance Rate: 2.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2021
Closed on
Aug 31, 2021
Sold by
Harris David Kent and Harris April Diane
Bought by
Ebony & Ivory Realty Llc
Seller's Agent
STEPHANIE GOEBBEL
Century 21 Heritage
Buyer's Agent
Robert Babcock
Southland Realtors, Inc
List Price
$215,000
Sold Price
$200,000
Premium/Discount to List
-$15,000
-6.98%
Current Estimated Value
$240,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,731
Avg. Annual Appreciation
4.72%
Original Mortgage
$150,000
Outstanding Balance
$69,268
Interest Rate
2.7%
Mortgage Type
Non Purchase Money Mortgage
Estimated Equity
$171,463

Purchase Details

Closed on
Mar 27, 2015
Sold by
Paschal Michael L
Bought by
Harris David Kent and Harris April Diane

Purchase Details

Closed on
Feb 4, 2008
Sold by
Verlin Wood and Verlin Alice
Bought by
Paschal Michael L
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
Ebony & Ivory Realty Llc $200,000 Accommodation
Harris David Kent $85,000 --
Paschal Michael L $78,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ebony & Ivory Realty Llc $150,000
Previous Owner Dale Stewart Roger $32,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2021 08/31/21 Sold $200,000 -7.0% $63 / Sq Ft
06/20/2021 06/20/21 Pending -- -- --
03/01/2021 03/01/21 For Sale $215,000 -- $67 / 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 $748 $22,760 $12,800 $9,960
2023 $749 $22,760 $0 $0
2022 $748 $22,760 $12,800 $9,960
2021 $713 $22,760 $12,800 $9,960
2020 $811 $22,760 $12,800 $9,960
2019 $811 $21,720 $12,800 $8,920
2018 $811 $21,720 $12,800 $8,920
2017 $811 $21,720 $12,800 $8,920
2016 $811 $21,720 $12,800 $8,920
2015 $796 $21,720 $12,800 $8,920
2014 -- $20,160 $12,800 $7,360
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    STEPHANIE GOEBBEL

    Century 21 Heritage

  • R

    Buyer's Agent in 2021

    Robert Babcock

    Southland Realtors, Inc

  • Frank Marsh

    Buyer's Agent in 2021

    Frank Marsh

    KW Kingsport

    (423) 340-2228

    129 Total Sales

    Frank Marsh
    Section Image

  • C

    Buyer's Agent in 2021

    CAROLYN BUCKNER

    GLORIA SUTTON, REALTORS

See All Agents

Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9918933

Tennessee/Virginia Regional MLS

APN: 037066I D 01800 200

Tennessee Hawkins County Surgoinsville 37873

108 Bank St, Surgoinsville, TN

This home is located at 108 Bank St, Surgoinsville, TN 37873 since 01 March 2021 and is currently estimated at $240,731, approximately $75 per square foot. This property was built in 1980. 108 Bank St is a home located in Hawkins County with nearby schools including Surgoinsville Elementary School, Surgoinsville Middle School, and Volunteer 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.

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Listing information is deemed reliable, but not guaranteed.

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