NOT LISTED FOR SALE

Estimated Value: $339,000 - $365,000

-- Bed
-- Bath
-- Sq Ft
0.28 Acres

Last Sold May 31, 2017

Last sale price $168,400

Est. 109% increase in value since last sale

Current estimated payment $1,962/month

50 Days on Market

Highlights

  • Humidifier
  • Landscaped
  • Level Lot
  • South Side Elementary School Rated A
  • Fenced Front Yard
  • 3-minute walk to Powell Square Park

About This Home

As of May 2017

24-48 hour notice. See Lease and Utility uploads for more specific details. Great income-producing triplex in the Historic Tree Streets district. All newly renovated with a full basement and a laundry room. Two one-bedroom apartments downstairs and one 2-bedroom apartment upstairs. Beautiful fenced-in backyard. Fully occupied. It's a turnkey for any investor.

Last Agent to Sell the Property

Heather Glatz

KW Johnson City License #325044 Listed on: 03/07/2017

KW Johnson City

Last Buyer's Agent

Dee Eades

Eades Appraisals License #002542

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,349

Year Built

  • Built in 1905 | Remodeled

Lot Details

  • Fenced Front Yard
  • Privacy Fence
  • Landscaped
  • Level Lot
  • Historic Home
  • Property is in good condition

Home Design

  • Brick Exterior Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property

Kitchen

  • Electric Range
  • Laminate Countertops

Flooring

  • Laminate
  • Vinyl

Laundry

  • Dryer
  • Washer

Schools

  • South Side Elementary School
  • Indian Trail Middle School
  • Science Hill High School

Utilities

  • Humidifier
  • Window Unit Cooling System
  • Central Air
  • Heating Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 054D E 007.00
  • Tax Block 10

Community Details

Overview

  • J City Real Estate Add Subdivision

Building Details

  • Utility Expense $3,600
  • Gross Income $25,200
  • Net Operating Income $19,982

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,349

Year Built

Built in 1905 | Remodeled

Lot Details

0

Listing Details

  • Directions: South on Buffalo, turn on West Pine. House on left. See sign.
  • Prop. Type: Residential Income
  • Year Built: 1905
  • IncomeAndExpensesAnnualUtilityExpenses: 3600
  • Property Sub Type: Multi-Family
  • Reso Association Amenities: Landscaping
  • Subdivision Name: J City Real Estate Add
  • Architectural Style: Historic
  • Unit Levels: Two
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 054D E 007.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Zoning2: RS
  • General Property Description Elementary School3: South Side
  • General Property Description Middle School2: Indian Trail
  • General Property Description High School3: Science Hill
  • Property Condition Above Average: Yes
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 87.5x140 IRR
  • AC Central Air: Yes
  • TopographyLot Description Level2: Yes
  • General Property Description Stories2: 2
  • Flooring Laminate: Yes
  • Location Tax Legal Info Block: 10
  • Style Historic: Yes
  • Roof Metal3: Yes
  • Excluded From Sale A C Window Units: Yes
  • Flooring Vinyl: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Fencing Front Yard: Yes
  • Fencing Privacy: Yes
  • General Property Description # Buildings: 1
  • Utilities Cable Connected2: Yes
  • Levels:Two: Yes
  • Special Features: None

Interior Features

  • Appliances: Dryer, Electric Range, Humidifier, Range, Washer
  • Flooring: Vinyl, Laminate
  • Interior Amenities: Laminate Counters, Remodeled, Restored
  • Appliances Range: Yes
  • InteriorFeatures:Remodeled: Yes
  • Interior Features Restored: Yes
  • Interior Features:Laminate Counters: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Humidifier: Yes

Exterior Features

  • Property Condition: Above Average
  • Roof: Metal
  • Lot Features: Level
  • Fencing: Front Yard, Privacy
  • Construction Type: Block, Brick, Vinyl Siding
  • Exterior Finish Brick4: Yes
  • Exterior Finish Vinyl Siding: Yes

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Connected
  • Cooling: Central Air, Window Unit(s)
  • Cooling Y N: Yes
  • Water Source: Public

Association/Amenities

  • AmenitiesLandscaping: Yes

Schools

  • Elementary School: South Side
  • High School: Science Hill
  • Middle Or Junior School: Indian Trail

Lot Info

  • Zoning: RS
  • Lot Dimensions: 87.5x140 IRR
  • Parcel #: 054D E 007.00

Multi Family

  • Annual Gross Income: 25200.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2017
Closed on
May 31, 2017
Sold by
Sands Stephen R and Sands Deborah S
Bought by
Jones Steven P and Stamey Carmen M
Seller's Agent
Heather Glatz
KW Johnson City
Buyer's Agent
Dee Eades
Eades Appraisals
List Price
$179,900
Sold Price
$168,400
Premium/Discount to List
-$11,500
-6.39%
Current Estimated Value
$351,416

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,016
Avg. Annual Appreciation
9.02%
Original Mortgage
$168,400
Outstanding Balance
$139,881
Interest Rate
3.97%
Mortgage Type
VA
Estimated Equity
$211,535

Purchase Details

Closed on
Dec 28, 2010
Sold by
Federal National Mortgage Association
Bought by
Sands Steven R

Purchase Details

Closed on
Apr 2, 2010
Sold by
Honeycutt Jeanette
Bought by
Federal National Mtg Associati
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jones Steven P $168,400 None Available
Sands Steven R $69,000 --
Federal National Mtg Associati $127,478 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Steven P $168,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2017 05/31/17 Sold $168,400 -6.4% --
04/27/2017 04/27/17 Pending -- -- --
03/07/2017 03/07/17 For Sale $179,900 -- --
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 $1,349 $78,875 $9,400 $69,475
2022 $1,080 $50,225 $5,800 $44,425
2021 $1,949 $50,225 $5,800 $44,425
2020 $1,939 $50,225 $5,800 $44,425
2019 $1,000 $50,225 $5,800 $44,425
2018 $1,794 $42,025 $5,800 $36,225
2017 $1,794 $42,025 $5,800 $36,225
2016 $1,786 $42,025 $5,800 $36,225
2015 $1,618 $42,025 $5,800 $36,225
2014 $1,513 $42,025 $5,800 $36,225
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 388536

Tennessee/Virginia Regional MLS

APN: 054D-E-007.00