NOT LISTED FOR SALE

1121 Wateree St Kingsport, TN 37660

Estimated Value: $440,190 - $510,000

6 Beds
3 Baths
3,001 Sq Ft
$160/Sq Ft Est. Value

Last Sold September 02, 2020

Last sale price $299,999 $100 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,795/month

41 Days on Market

Highlights

  • Deck
  • Contemporary Architecture
  • Wood Flooring
  • Abraham Lincoln Elementary School Rated A-
  • Living Room with Fireplace
  • Main Floor Primary Bedroom

About This Home

As of September 2020

Fairacres! Conveniently located to downtown. Step inside one of the most unique homes on the market that sits in one of the most desired neighborhoods in all of Kingsport. This one-of-a-kind 1920s home is character and charm epitomized but with an industrial modern twist. The main house contains 4 bedrooms and 3 baths with the master bedroom on the main level. The master bedroom features an open-concept en suite complete with a cube-shaped Japanese soaking tub, step-in shower with multiple shower heads, modern his/her vanities, and large walk-in closet with custom shelving. The living room has lots of natural light which pours over the reclaimed-wood accent wall and gas fireplace. Rounding out the main level is the kitchen which has a very industrial/urban feel thanks to the stainless steel racks, exposed brick walls, and efficient use of space. The second level contains three additional bedrooms, a full bath, and lots of closet space. Adjacent to the main house is a two-story, 2BR/1BA apartment that is currently being rented out as an Airbnb that brings in approximately $13,000 per year. The backyard is an entertainers paradise with 900 sq. ft. of decking, multiple access points from the home, and a large privacy fence. And it gets better because the home is extremely energy efficient with insulated Pella windows, 4-year old central heat and air units in the main house, tankless gas water heater and a standing seam metal roof that is less than 3-years old that comes with a lifetime warranty!

Last Agent to Sell the Property

Brian Hullette

Conservus Homes License #280990 Listed on: 07/10/2020

Last Buyer's Agent

Jeremy Burgin

Wood, REALTORS License #286119

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1927

Lot Details

  • Privacy Fence
  • Back Yard Fenced
  • Landscaped
  • Level Lot
  • Property is in good condition

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Plaster Walls
  • Metal Roof

Interior Spaces

  • 3,001 Sq Ft Home
  • 2-Story Property
  • Insulated Windows
  • Entrance Foyer
  • Living Room with Fireplace
  • 2 Fireplaces
  • Wood Flooring
  • Block Basement Construction
  • Pull Down Stairs to Attic
  • Gas Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher
  • Kitchen Island
  • Tile Countertops
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 3 Full Bathrooms
  • Soaking Tub
  • Oversized Bathtub in Primary Bathroom

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Shed
  • Front Porch

Schools

  • Lincoln Elementary School
  • Robinson Middle School
  • Dobyns Bennett High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • FHA/VA Approved Complex

Listing and Financial Details

  • Assessor Parcel Number 046o E 015.00

Home Details

Home Type

Single Family

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Directions: E Center Street turn Right on to Wateree until you see sign.
  • Prop. Type: Residential
  • Year Built: 1927
  • Property Sub Type: Single Family Residence
  • Reso Association Amenities: Landscaping
  • Architectural Style: Contemporary
  • Unit Levels: Two
  • New Construction: No
  • Reso Structure Type: House
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Zoning2: Res
  • General Property Description Elementary School3: Lincoln
  • General Property Description Middle School2: Robinson
  • General Property Description High School3: Dobyns Bennett
  • Property Condition Above Average: Yes
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 85.97 X 143.64 IRR
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 3001.0
  • General Property Description Above Grade SqFt: 3001.0
  • AC Central Air: Yes
  • Appliances Refrigerators: Yes
  • TopographyLot Description Level2: Yes
  • Flooring Hardwood: Yes
  • General Property Description Parcel ID2: 046o E 015.00
  • General Property Description # Fireplaces: 2
  • Financing FHA: Yes
  • General Property Description Stories2: 2
  • Other Structures Shed(s): Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Foundation Block6: Yes
  • Fencing Back Yard: Yes
  • Roof Metal3: Yes
  • Walls Plaster: Yes
  • Basement Block4: Yes
  • Attic Pull Down Stairs: Yes
  • Fencing Privacy: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • Levels:Two: Yes
  • Structure Type:House: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Disposal, Electric Range, Refrigerator
  • Has Basement: Block
  • Flooring: Hardwood
  • Interior Amenities: Primary Downstairs, 2+ Person Tub, Balcony, Entrance Foyer, Kitchen Island, Soaking Tub, Tile Counters, Walk-In Closet(s)
  • Window Features: Insulated Windows
  • Full Bathrooms: 3
  • Total Bedrooms: 6
  • Fireplace Features: Living Room
  • Fireplaces: 2
  • General Property Description Baths - Full: 3
  • Appliances Dishwasher: Yes
  • Interior Features:Soaking Tub: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Fireplace:Living Room: Yes
  • Interior Features:Entrance Foyer: Yes
  • Interior Features:Kitchen Island: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Tile Counters: Yes
  • Interior Features:Primary Downstairs: Yes
  • Interior Features Balcony2: Yes
  • Other Rooms:Apartment: Yes
  • Interior Features 2 Person Tub: Yes

Exterior Features

  • Property Condition: Above Average
  • Roof: Metal
  • Other Structures: Shed(s)
  • Exterior Features: Balcony
  • Fencing: Back Yard, Privacy
  • Topography: Level
  • Home Warranty: No
  • Construction Type: Brick, Plaster
  • Foundation Details: Block
  • Patio And Porch Features: Back, Balcony, Deck, Front Porch, Porch, Rear Porch
  • Exterior Finish Brick4: Yes
  • Window Features:Insulated Windows: Yes
  • PorchPatioDeck Back: Yes
  • PorchPatioDeck Deck: Yes
  • PorchPatioDeck Front Porch: Yes
  • PorchPatioDeck Porch: Yes
  • PorchPatioDeck Rear Porch: Yes
  • Exterior Features:Balcony: Yes
  • PorchPatioDeck Balcony3: Yes

Garage/Parking

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

Utilities

  • Heating: Central, Forced Air, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Natural Gas2: Yes
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • AmenitiesLandscaping: Yes

Schools

  • Elementary School: Lincoln
  • High School: Dobyns Bennett
  • Middle Or Junior School: Robinson

Lot Info

  • Zoning: Res
  • Lot Dimensions: 85.97 X 143.64 IRR
  • Parcel #: 046o E 015.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2020
Closed on
Sep 1, 2020
Sold by
Jones Wesley B and Jones Sydney
Bought by
Carlton Aaron Basil and Carlton Denise K
Seller's Agent
Brian Hullette
Conservus Homes
Buyer's Agent
Jeremy Burgin
Wood, REALTORS
List Price
$299,999
Sold Price
$299,999
Current Estimated Value
$481,548

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,549
Avg. Annual Appreciation
9.60%
Original Mortgage
$284,999
Outstanding Balance
$252,918
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$228,630

Purchase Details

Listed on
Jul 10, 2020
Closed on
Aug 27, 2020
Sold by
Jones Jason A
Bought by
Jones Wesley B
Seller's Agent
Brian Hullette
Conservus Homes
Buyer's Agent
Jeremy Burgin
Wood, REALTORS
List Price
$299,999
Sold Price
$299,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,999
Outstanding Balance
$252,918
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$228,630

Purchase Details

Listed on
Jul 10, 2020
Closed on
Aug 25, 2020
Sold by
Jones Wesley E
Bought by
Jones Wesley B and Jones Jason A
Seller's Agent
Brian Hullette
Conservus Homes
Buyer's Agent
Jeremy Burgin
Wood, REALTORS
List Price
$299,999
Sold Price
$299,999

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$284,999
Outstanding Balance
$252,918
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$228,630

Purchase Details

Listed on
Sep 25, 2016
Closed on
Nov 23, 2016
Sold by
Mitchell Mark T
Bought by
Jones Wesley B and Jones Wesley E
Seller's Agent
SETH JERVIS
Century 21 Legacy Fort Henry
Buyer's Agent
Ron Mann
Crye-Leike Lakeway Real Estate
List Price
$229,000
Sold Price
$231,000
Premium/Discount to List
$2,000
0.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.16%
Original Mortgage
$196,350
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 12, 2001
Sold by
John Franjione
Bought by
Mark Mitchell

Purchase Details

Closed on
Jun 16, 1997
Sold by
Morin Sandra P
Bought by
John Franjione
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
Carlton Aaron Basil $299,999 Heritage Ttl & Closing Svcs
Jones Wesley B -- Heritage Ttl & Closing Svcs
Jones Wesley B -- Heritage Ttl & Closing Svcs
Jones Wesley B $231,000 --
Mark Mitchell $125,000 --
John Franjione $122,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carlton Aaron Basil $284,999
Previous Owner Jones Wesley B $196,350
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/02/2020 09/02/20 Sold $299,999 0.0% $100 / Sq Ft
08/21/2020 08/21/20 Pending -- -- --
07/10/2020 07/10/20 For Sale $299,999 +29.9% $100 / Sq Ft
11/23/2016 11/23/16 Sold $231,000 +0.9% $77 / Sq Ft View Prior Sale
10/09/2016 10/09/16 Pending -- -- --
09/25/2016 09/25/16 For Sale $229,000 -- $76 / 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 -- $74,525 $4,725 $69,800
2023 $3,282 $74,525 $4,725 $69,800
2022 $3,282 $74,525 $4,725 $69,800
2021 $1,793 $74,525 $4,725 $69,800
2020 $1,516 $74,525 $4,725 $69,800
2019 $1,516 $58,975 $4,725 $54,250
2018 $2,669 $58,975 $4,725 $54,250
2017 $1,504 $58,975 $4,725 $54,250
2016 $1,984 $42,725 $3,425 $39,300
2014 $1,870 $42,728 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9910161

Tennessee/Virginia Regional MLS

APN: 046O-E-015.00