NOT LISTED FOR SALE

1112 Carroll Creek Rd Unit 27 Johnson City, TN 37601

Estimated Value: $2,038,000 - $2,131,033

-- Bed
33 Baths
-- Sq Ft
3 Acres

Last Sold April 12, 2019

Last sale price $960,000

Est. 117% increase in value since last sale

Current estimated payment $11,955/month

6 Days on Market

Highlights

  • Cooling Available
  • Lake Ridge Elementary School Rated A
  • Heat Pump System

About This Home

As of April 2019

Multi-Family Investment property on the rise. 27 unit, 6 building complex, which has undergone capital improvements, and is set to launch into 2019 with a new future income potential, improved units, and lower vacancy rate. List of capital improvements are available upon request, as well as P&L, and current vacancy rate as it slides up, now that improvements on units is being completed. It is a great time to buy. Details of vacancies subject to change, and details to be verified by buyer and buyer's agent.

Last Agent to Sell the Property

Jay Goodson

REMAX Checkmate, Inc. Realtors License #329807 Listed on: 01/01/2019

REMAX Checkmate, Inc. Realtors

Last Buyer's Agent

ZHIWU LI

Signature Properties JC License #334866

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,231

Year Built

  • Built in 1968

Lot Details

  • 3 Acre Lot
  • Property is in average condition

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property

Schools

  • Lake Ridge Elementary School
  • Indian Trail Middle School
  • Science Hill High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 029C C 009.00
  • Tax Block 2

Community Details

Overview

  • 6 Buildings

Building Details

  • Operating Expense $93,790
  • Gross Income $166,938
  • Net Operating Income $73,148

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,231

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Directions: N Roan St (Kingsport Hwy) to Carroll Creek Rd. Deanwood on right, signpost.
  • Prop. Type: Residential Income
  • Year Built: 1968
  • Property Sub Type: Multi-Family
  • Unit Levels: Two, One
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 029C C 009.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 3.0
  • General Property Description Zoning2: R-2
  • General Property Description Elementary School3: Lake Ridge
  • General Property Description Middle School2: Indian Trail
  • General Property Description High School3: Science Hill
  • General Property Description Lot Dimensions: 133293
  • Roof Shingle: Yes
  • AC Heat Pump3: Yes
  • Location Tax Legal Info Block: 2
  • Property Condition Average: Yes
  • General Property Description # Buildings: 6
  • Levels:Two: Yes
  • Levels One: Yes
  • Special Features: None

Exterior Features

  • Property Condition: Average
  • Roof: Shingle
  • Acres: 3.0
  • Construction Type: Brick, Vinyl Siding
  • Exterior Finish Brick4: Yes
  • Exterior Finish Vinyl Siding: Yes

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes

Schools

  • Elementary School: Lake Ridge
  • High School: Science Hill
  • Middle Or Junior School: Indian Trail

Lot Info

  • Zoning: R-2
  • Lot Dimensions: 133293
  • Lot Size Sq Ft: 130680.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 029C C 009.00
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 166938.0
  • Vacancy Allowance Rate: 11.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 1, 2019
Closed on
Apr 15, 2019
Sold by
Bic Enterprises
Bought by
Carroll Creek Village Pro Perties Llc
Seller's Agent
Jay Goodson
REMAX Checkmate, Inc. Realtors
Buyer's Agent
ZHIWU LI
Signature Properties JC
List Price
$995,000
Sold Price
$960,000
Premium/Discount to List
-$35,000
-3.52%
Current Estimated Value
$2,084,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,124,517
Avg. Annual Appreciation
12.65%
Interest Rate
4.12%

Purchase Details

Closed on
Jun 3, 2008
Sold by
B I C Enterprises Llc
Bought by
B I C Enterprises

Purchase Details

Closed on
Feb 26, 2007
Bought by
Bic Enterprises Llc

Purchase Details

Closed on
Feb 16, 2006
Sold by
Dishman Boyd M
Bought by
Vaughn Victor L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$756,500
Interest Rate
6.04%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 19, 2005
Sold by
Mcclinton Bobby
Bought by
Minton James A

Purchase Details

Closed on
Dec 22, 2004
Sold by
Nidiffer Lisa
Bought by
Dishman Boyd M

Purchase Details

Closed on
Dec 6, 2001
Sold by
Nidiffer Lisa
Bought by
Nidiffer Raymond

Purchase Details

Closed on
Oct 20, 1997
Sold by
Brookman Rosemary
Bought by
Nidiffer Raymond

Purchase Details

Closed on
Apr 1, 1994
Bought by
Brookman Rosemary
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Carroll Creek Village Pro Perties Llc $3,552 --
B I C Enterprises -- --
Bic Enterprises Llc -- --
Vaughn Victor L $890,000 --
Minton James A $110,000 --
Dishman Boyd M $775,000 --
Nidiffer Raymond -- --
Nidiffer Raymond $632,500 --
Brookman Rosemary $575,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Brookman Rosemary --
Previous Owner Brookman Rosemary $756,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/12/2019 04/12/19 Sold $960,000 -3.5% --
01/08/2019 01/08/19 Pending -- -- --
01/01/2019 01/01/19 For Sale $995,000 -- --
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 $11,231 $656,800 $58,440 $598,360
2022 $8,612 $400,560 $40,400 $360,160
2021 $15,542 $400,560 $40,400 $360,160
2020 $15,462 $400,560 $40,400 $360,160
2019 $5,535 $408,560 $40,400 $368,160
2018 $9,931 $232,600 $40,400 $192,200
2017 $9,931 $232,600 $40,400 $192,200
2016 $12,814 $301,520 $40,400 $261,120
2015 $13,693 $355,680 $40,400 $315,280
2014 $12,804 $355,680 $40,400 $315,280
Source: Public Records

Agents Affiliated with this Home

  • Jay Goodson

    Seller's Agent in 2019

    Jay Goodson

    RE/MAX

    (423) 612-3035

    43 Total Sales

    Jay Goodson
    Section Image

  • Z

    Buyer's Agent in 2019

    ZHIWU LI

    Signature Properties JC

See All Agents

Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 416096

Tennessee/Virginia Regional MLS

APN: 029C-C-009.00

Tennessee Washington County Johnson City 37601

1112 Carroll Creek Rd Unit 27, Johnson City, TN

This home is located at 1112 Carroll Creek Rd Unit 27, Johnson City, TN 37601 since 01 January 2019 and is currently estimated at $2,084,517. This property was built in 1968. 1112 Carroll Creek Rd Unit 27 is a home located in Washington County with nearby schools including Lake Ridge Elementary School, Indian Trail Middle School, and Liberty Bell Middle School.

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