1116 Brockway Dr Kingsport, TN 37663
3
Beds
1
Bath
1,147
Sq Ft
0.35
Acres
Highlights
- 0.35 Acre Lot
- No HOA
- Central Heating
- Ranch Style House
- Cooling Available
- Level Lot
About This Home
As of November 2024Welcome to an exceptional opportunity in Colonial Acres! This brick ranch home with a carport sits on a spacious 1/3 acre lot just outside city limits, offering the advantage of county taxes only. The roof was recently replaced in 2018.
Currently configured as a 3 bedroom, 1 bathroom residence, the property holds potential for expansion. The carport could potentially be enclosed to add a fourth bedroom and second bathroom, if you so desire.
The home does require substantial renovation. Issues with the subfloor, believed to be caused by termites, have led to instability and fallen sections in some bedrooms. Soft spots are evident throughout, necessitating repairs.
Buyers and agents should exercise caution when entering due to potential floor instability. If you choose to enter the home it is at your own risk.
This property is ideal for investors or DIY enthusiasts eager to transform and customize a home in a desirable neighborhood. With its generous lot size and location, this fixer upper presents a unique opportunity for those looking to create their dream space.
The home is being sold ''as is''. The electricity service is currently on but main fuse has been removed for safety reasons. The water service is not on. The Sellers will not be turning the water on for inspections as they do suspect the plumbing may have leaks and do not want to create further damage.
Buyer and Buyer's agent to verify all information. This home will not qualify for VA, FHA, or USDA loans. Cash and conventional loan offers will be considered.
Schedule a showing today to explore the possibilities that await in Colonial Acres!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $632
Year Built
- Built in 1965
Lot Details
- 0.35 Acre Lot
- Level Lot
- Property is in below average condition
- Property is zoned R 1
Parking
- 1 Carport Space
Home Design
- 1,147 Sq Ft Home
- Ranch Style House
- Fixer Upper
- Brick Exterior Construction
- Shingle Roof
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Schools
- Rock Springs Elementary School
- Sullivan Heights Middle School
- West Ridge High School
Utilities
- Cooling Available
- Central Heating
- Heat Pump System
- Septic Tank
Community Details
- No Home Owners Association
- Colonial Acres Subdivision
Listing and Financial Details
- Assessor Parcel Number 092i A 021.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 8, 2024
Closed on
Nov 19, 2024
Sold by
Bergan Dalton Kenneth and Bergan Linda Darlene
Bought by
Dalton And Linda Bergan Living Trust
Seller's Agent
Cory Parsons
eXp Realty, LLC
Buyer's Agent
Kimberly Smith
Copper Key Properties
List Price
$229,900
Sold Price
$231,000
Premium/Discount to List
$1,100
0.48%
Views
24
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$46,840
Avg. Annual Appreciation
-27.48%
Original Mortgage
$117,000
Outstanding Balance
$116,422
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$68,042
Purchase Details
Listed on
Oct 8, 2024
Closed on
Nov 4, 2024
Sold by
Adventure From Home Inc
Bought by
Bergan Dalton and Bergan Linda
Seller's Agent
Cory Parsons
eXp Realty, LLC
Buyer's Agent
Kimberly Smith
Copper Key Properties
List Price
$229,900
Sold Price
$231,000
Premium/Discount to List
$1,100
0.48%
Views
24
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,000
Outstanding Balance
$116,422
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$68,042
Purchase Details
Listed on
Jul 11, 2024
Closed on
Aug 15, 2024
Sold by
Kw Investments Llc and Twm Investments Llc
Bought by
Adventure From Home Inc
Seller's Agent
Kelly Johnson
Fathom Realty
Buyer's Agent
Cory Parsons
eXp Realty, LLC
List Price
$90,000
Sold Price
$70,000
Premium/Discount to List
-$20,000
-22.22%
Views
6
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22644.77%
Original Mortgage
$59,500
Interest Rate
6.95%
Mortgage Type
Credit Line Revolving
Purchase Details
Listed on
Jul 11, 2024
Closed on
Jun 28, 2024
Sold by
Cobb Norma K
Bought by
Kw Invs Llc
Seller's Agent
Kelly Johnson
Fathom Realty
Buyer's Agent
Cory Parsons
eXp Realty, LLC
List Price
$90,000
Sold Price
$70,000
Premium/Discount to List
-$20,000
-22.22%
Views
6
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,500
Interest Rate
6.95%
Mortgage Type
Credit Line Revolving
Similar Homes in Kingsport, TN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Foundation Title | |
| Quit Claim Deed | -- | Foundation Title | |
| Warranty Deed | $231,000 | Foundation Title | |
| Warranty Deed | $70,000 | Foundation Title | |
| Warranty Deed | $20,000 | Williams Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $117,000 | New Conventional | |
| Previous Owner | $59,500 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/04/2024 11/04/24 | Sold | $231,000 | +0.5% | $185 / Sq Ft |
| 10/12/2024 10/12/24 | Pending | -- | -- | -- |
| 10/08/2024 10/08/24 | For Sale | $229,900 | +228.4% | $185 / Sq Ft |
| 08/15/2024 08/15/24 | Sold | $70,000 | -22.2% | $61 / Sq Ft |
| 07/11/2024 07/11/24 | Pending | -- | -- | -- |
| 07/11/2024 07/11/24 | For Sale | $90,000 | 0.0% | $78 / Sq Ft |
| 07/06/2024 07/06/24 | Pending | -- | -- | -- |
| 07/03/2024 07/03/24 | For Sale | $90,000 | -- | $78 / Sq Ft |
Source: Tennessee/Virginia Regional MLS
Tax History Compared to Growth
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 | $632 | $25,300 | $3,400 | $21,900 |
| 2023 | $609 | $25,300 | $3,400 | $21,900 |
| 2022 | $609 | $25,300 | $3,400 | $21,900 |
| 2021 | $609 | $25,300 | $3,400 | $21,900 |
| 2020 | $513 | $25,300 | $3,400 | $21,900 |
| 2019 | $513 | $19,975 | $3,400 | $16,575 |
| 2018 | $509 | $19,975 | $3,400 | $16,575 |
| 2017 | $509 | $19,975 | $3,400 | $16,575 |
| 2016 | $519 | $20,150 | $3,400 | $16,750 |
| 2014 | $465 | $20,160 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Cory Parsons
Seller's Agent in 2024
Cory Parsons
eXp Realty, LLC
(304) 674-3190
3 in this area
412 Total Sales
-
Kelly Johnson
K
Seller's Agent in 2024
Kelly Johnson
Fathom Realty
(423) 765-8848
3 in this area
108 Total Sales
-
Kimberly Smith
Buyer's Agent in 2024
Kimberly Smith
Copper Key Properties
(423) 440-9868
1 in this area
43 Total Sales
-
N
Buyer's Agent in 2024
Natalie Hunt
Community National Bank
Map
Source: Tennessee/Virginia Regional MLS
MLS Number: 9968142
APN: 092I-A-021.00
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