NOT LISTED FOR SALE

116 Nolichucky Ave Erwin, TN 37650

Estimated Value: $130,862

Studio
1 Bath
2,448 Sq Ft
$53/Sq Ft Est. Value

Last Sold June 28, 2021

Last sale price $100,000 $41 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $729/month

62 Days on Market

Highlights

  • Eat-In Kitchen
  • Window Unit Cooling System
  • Space Heater
  • Paneling
  • Outdoor Storage
  • 1-minute walk to Erwin Skate Park

About This Home

As of June 2021

Convenient Downtown Erwin location. Commercial B4 zoning. Great income producing property consisting of three storage units and a one bedroom apartment. Please do not approach tenants. Some information in this listing may have been obtained from a third party and/or tax records and must be verified before before assuming accuracy, 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: 03/17/2021

Last Buyer's Agent

Jodie Simpson

C/B Saunders Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1953 | Remodeled

Lot Details

  • 2,178 Sq Ft Lot
  • Level Lot
  • Property is in average condition

Home Design

  • Block Foundation
  • Slab Foundation
  • Metal Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 2,448 Sq Ft Home
  • 1-Story Property
  • Paneling
  • Insulated Windows
  • Fire and Smoke Detector
  • Washer and Electric Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Range

Outdoor Features

  • Outdoor Storage

Schools

  • Rock Creek Elementary School
  • Unicoi Co Middle School
  • Unicoi Co High School

Utilities

  • Window Unit Cooling System
  • Space Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 023n U 014.00

Community Details

Overview

  • 4 Units

Building Details

  • Utility Expense $100
  • Operating Expense $1,600
  • Gross Income $9,000
  • Net Operating Income $7,400

Property Details

Home Type

Multi-Family

Year Built

Built in 1953 | Remodeled

Lot Details

0

Listing Details

  • Directions: Downtown Erwin on the corner of Nolichucky Avenue and Union Streets.
  • Prop. Type: Residential Income
  • Year Built: 1953
  • IncomeAndExpensesAnnualUtilityExpenses: 100
  • Property Sub Type: Multi-Family
  • Architectural Style: Other
  • Unit Levels: One
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 023n U 014.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.05
  • General Property Description Zoning2: B4
  • General Property Description Elementary School3: Rock Creek
  • General Property Description Middle School2: Unicoi Co
  • General Property Description High School3: Unicoi Co
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 23x101x21x101 DTG
  • Appliances Refrigerators: Yes
  • TopographyLot Description Level2: Yes
  • General Property Description Stories2: 1
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Utilities Cable Available: Yes
  • Foundation Block6: Yes
  • Water At Road2: Yes
  • Roof Metal3: Yes
  • Excluded From Sale A C Window Units: Yes
  • Walls Paneling: Yes
  • Property Condition Average: Yes
  • Foundation Slab: Yes
  • Other Structures Storage2: Yes
  • General Property Description # Buildings: 1
  • General Property Description Total Units: 4
  • General Property Description Home Warranty2: No
  • Levels One: Yes
  • Special Features: None

Interior Features

  • Appliances: Range, Refrigerator
  • Has Basement: See Remarks
  • Interior Amenities: Eat-in Kitchen, Remodeled, Smoke Detector(s), Other
  • Window Features: Insulated Windows
  • Interior Features:Eat-in Kitchen: Yes
  • InteriorFeatures:Smoke Detector(s): Yes
  • Appliances Range: Yes
  • InteriorFeatures:Remodeled: Yes
  • Interior Features:Other19: Yes

Exterior Features

  • Property Condition: Average
  • Roof: Metal
  • Lot Features: Level
  • Other Structures: Storage
  • Exterior Features: Sidewalk, See Remarks
  • Acres: 0.05
  • Home Warranty: No
  • Construction Type: Aluminum Siding, Block, Vinyl Siding, Other
  • Foundation Details: Block, Slab
  • Patio And Porch Features: Other, See Remarks
  • Exterior Finish Vinyl Siding: Yes
  • Window Features:Insulated Windows: Yes
  • Exterior Features:See Remarks23: Yes
  • Exterior Finish Aluminum Siding: Yes

Garage/Parking

  • Parking Features: Other, See Remarks
  • Attached Garage: No
  • Parking Features:Other13: Yes
  • Parking Features:See Remarks22: Yes

Utilities

  • Heating: Space Heater
  • 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: At Road, Public
  • Heating:Space Heater: Yes

Schools

  • Elementary School: Rock Creek
  • High School: Unicoi Co
  • Middle Or Junior School: Unicoi Co

Lot Info

  • Zoning: B4
  • Lot Dimensions: 23x101x21x101 DTG
  • Lot Size Sq Ft: 2178.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 023n U 014.00
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 9000.0
  • Vacancy Allowance Rate: 1.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2021
Closed on
Jun 23, 2021
Sold by
Harris David Kent
Bought by
Linero Aurelio and Linero Wanda Benderf
Seller's Agent
STEPHANIE GOEBBEL
Century 21 Heritage
Buyer's Agent
Jodie Simpson
C/B Saunders Realty
List Price
$117,900
Sold Price
$100,000
Premium/Discount to List
-$17,900
-15.18%
Current Estimated Value
$130,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,862
Avg. Annual Appreciation
6.05%
Original Mortgage
$80,000
Outstanding Balance
$9,941
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$120,906

Purchase Details

Closed on
Mar 22, 2012
Sold by
Calhoun James J
Bought by
Harris David Kent

Purchase Details

Closed on
Sep 26, 1996
Bought by
Calhoun James J and Calhoun Helen O

Purchase Details

Closed on
Mar 5, 1994
Bought by
Rice Burnie and Rice Ethel
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
Linero Aurelio $100,000 Debbie Title
Harris David Kent $25,000 --
Calhoun James J $15,000 --
Rice Burnie $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Linero Aurelio $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2021 06/28/21 Sold $100,000 -15.2% $41 / Sq Ft
05/19/2021 05/19/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $117,900 -- $48 / Sq Ft
Source: Tennessee/Virginia Regional MLS

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
2025 $573 $21,960 $7,000 $14,960
2024 $573 $21,960 $7,000 $14,960
2023 $573 $21,960 $0 $0
2022 $857 $21,960 $7,000 $14,960
2021 $934 $19,800 $7,000 $12,800
2020 $900 $19,800 $7,000 $12,800
2019 $900 $19,800 $7,000 $12,800
2018 $820 $19,800 $7,000 $12,800
2017 $818 $19,800 $7,000 $12,800
2016 $668 $16,320 $4,000 $12,320
2015 $614 $16,320 $0 $0
2014 $614 $16,320 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    STEPHANIE GOEBBEL

    Century 21 Heritage

  • J

    Buyer's Agent in 2021

    Jodie Simpson

    C/B Saunders Realty

  • L

    Buyer's Agent in 2021

    LARRY THOMAS

    EXCEL REALTY TRUST, INC.

See All Agents

Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9919711

Tennessee/Virginia Regional MLS

APN: 023N-U-01400-000

Tennessee Unicoi County Erwin 37650

116 Nolichucky Ave, Erwin, TN

Not Listed for Sale

MultiFamily

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