NOT LISTED FOR SALE

116 Old Milligan Hwy Johnson City, TN 37601

Estimated Value: $170,000 - $290,000

4 Beds
2 Baths
2,130 Sq Ft
$113/Sq Ft Est. Value

Last Sold November 30, 2023

Last sale price $152,500 $72 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $1,406/month

4 Days on Market

Highlights

  • Colonial Architecture
  • Great Room
  • Screened Porch
  • Wood Flooring
  • No HOA
  • Balcony

About This Home

As of November 2023

Steeped in local history, this late 1800's two-story farm house is ready to be brought back to modern times. Treasured features you'll notice are the original hardwoods throughout, main floor cellar off the kitchen, sweeping archways in the great room, gossip nook, screened and covered porches, two separate stairways leading to the 2nd level, and plenty more are still present throughout the home. The additional small outbuilding served as a local doctor's office many many years ago. The doctor would park his buggie in the carriage house that is now the two car garage with full 2nd story loft area, which could be converted to living space. Prime location from Milligan College and Emmanuel Christian Seminary. Home needs lots of work or razing for development opportunities. *Sold As-Is*
Apprx .60acre of the parcel will convey, with additional apprx .38acre lot available for purchase. Foundation, plumbing, furnace, and water heater work needed.
*Appointments required to view property.*

Last Agent to Sell the Property

Ashley Ferlauto

Lantern Real Estate Brokerage Email: ashley@lantern-realestate.com License #361196 Listed on: 11/14/2023

Last Buyer's Agent

Christian Zervos

KW Johnson City License #368943

KW Johnson City

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,754

Year Built

  • Built in 1900

Lot Details

  • 0.6 Acre Lot
  • Level Lot
  • Cleared Lot
  • Historic Home
  • Property is in below average condition

Parking

  • 2 Car Garage

Home Design

  • Colonial Architecture
  • Traditional Architecture
  • Farmhouse Style Home
  • Victorian Architecture
  • Brick Exterior Construction
  • Pillar, Post or Pier Foundation
  • Plaster Walls
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 2,130 Sq Ft Home
  • 2-Story Property
  • Entrance Foyer
  • Great Room
  • Den with Fireplace
  • Screened Porch

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Utility Sink

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Partial Basement
  • Dirt Floor

Outdoor Features

  • Balcony
  • Outbuilding

Schools

  • Happy Valley Elementary And Middle School
  • Happy Valley High School

Utilities

  • Window Unit Cooling System
  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 055e B 006.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,754

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Directions: From The Milligan Hwy, turn onto the Old Milligan Hwy in front of Milligan College. Home will be on the right.
  • Prop. Type: Residential
  • Year Built: 1900
  • Garage Garage Spaces: 2
  • Property Sub Type: Single Family Residence
  • Attribution Contact: ashley@lantern-realestate.com
  • Subdivision Name: Not In Subdivision
  • Architectural Style: Farmhouse, Colonial, Historic, Traditional, Victorian, Other
  • 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 Acres: 0.6
  • General Property Description Zoning2: R
  • General Property Description Elementary School3: Happy Valley
  • General Property Description Middle School2: Happy Valley
  • General Property Description High School3: Happy Valley
  • General Property Description HOA YN: No
  • Water Public: Yes
  • General Property Description Lot Dimensions: IRR
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 2130.0
  • General Property Description Above Grade SqFt: 2130.0
  • AC Central Air: Yes
  • Appliances Refrigerators: Yes
  • TopographyLot Description Level2: Yes
  • Flooring Hardwood: Yes
  • Flooring Tile2: Yes
  • General Property Description Parcel ID2: 055e B 006.00
  • General Property Description # Fireplaces: 1
  • General Property Description Stories2: 2
  • Other Structures Outbuilding: Yes
  • TopographyLot Description Rolling Slope: Yes
  • Flooring Carpet: Yes
  • Style Historic: Yes
  • TopographyLot Description Cleared: Yes
  • Roof Metal3: Yes
  • Excluded From Sale A C Window Units: Yes
  • Walls Plaster: Yes
  • Rooms Great Room3: Yes
  • Property Condition Below Average: Yes
  • Foundation PillarPostPier: Yes
  • Levels:Two: Yes
  • Structure Type:House: Yes
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Refrigerator
  • Has Basement: Dirt Floor, Partial
  • Flooring: Carpet, Hardwood, Tile
  • Interior Amenities: Eat-in Kitchen, Entrance Foyer, Utility Sink
  • Great Room Level: First
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Den
  • Fireplaces: 1
  • General Property Description Baths - Full: 2
  • Interior Features:Eat-in Kitchen: Yes
  • InteriorFeatures:Utility Sink: Yes
  • Fireplace:Den: Yes
  • Interior Features:Entrance Foyer: Yes
  • Appliances:Electric Range: Yes
  • Basement:Dirt Floor: Yes
  • Basement:Partial: Yes
  • BasementFoundation:Other25: Yes

Exterior Features

  • Property Condition: Below Average
  • Roof: Metal
  • Other Structures: Outbuilding
  • Acres: 0.6
  • Topography: Cleared, Level, Rolling Slope
  • Home Warranty: No
  • Construction Type: Brick, Vinyl Siding, Plaster, Other
  • Foundation Details: Pillar/Post/Pier, Other
  • Patio And Porch Features: Balcony, Front Porch, Screened, Side Porch
  • Exterior Finish Brick4: Yes
  • Exterior Finish Vinyl Siding: Yes
  • PorchPatioDeck Front Porch: Yes
  • PorchPatioDeck Screened: Yes
  • PorchPatioDeck Side Porch: Yes
  • PorchPatioDeck Balcony3: Yes

Garage/Parking

  • Parking Features: Deeded, Asphalt
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Asphalt2: Yes
  • Other Structures:Garage(s): Yes
  • Parking Features:Parking Spaces: Yes

Utilities

  • Heating: Central
  • Sewer: Septic Tank
  • Cooling: Central Air, Window Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Happy Valley
  • High School: Happy Valley
  • Middle Or Junior School: Happy Valley

Lot Info

  • Zoning: R
  • Lot Dimensions: IRR
  • Lot Size Sq Ft: 26136.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 055e B 006.00
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2023
Closed on
Nov 30, 2023
Sold by
Boss Daniel and Boss Kimberly D
Bought by
Dempsey Jack D and Dempsey Miriam Diane
Seller's Agent
Ashley Ferlauto
Lantern Real Estate
Buyer's Agent
Christian Zervos
KW Johnson City
List Price
$110,000
Sold Price
$152,500
Premium/Discount to List
$42,500
38.64%
Views
260
Current Estimated Value
$240,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$88,333
Avg. Annual Appreciation
27.03%

Purchase Details

Closed on
Dec 23, 2022
Sold by
Payne Linda M
Bought by
Boss Daniel

Purchase Details

Closed on
Jan 10, 1991
Bought by
Payne Stephen B and Payne Linda M

Purchase Details

Closed on
Jun 10, 1937
Bought by
Payne Dimple Bishop
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
Dempsey Jack D $152,500 Classic Title
Boss Daniel $139,000 --
Payne Stephen B $40,000 --
Payne Dimple Bishop -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2023 11/30/23 Sold $152,500 +38.6% $72 / Sq Ft
11/19/2023 11/19/23 Pending -- -- --
11/14/2023 11/14/23 For Sale $110,000 -- $52 / 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 $1,754 $53,125 $13,525 $39,600
2023 $1,754 $53,125 $0 $0
2022 $1,912 $53,125 $13,525 $39,600
2021 $1,078 $53,125 $13,525 $39,600
2020 $2,139 $53,125 $13,525 $39,600
2019 $2,139 $49,500 $16,150 $33,350
2018 $2,034 $49,500 $16,150 $33,350
2017 $2,034 $47,750 $16,150 $31,600
2016 $2,025 $47,750 $16,150 $31,600
2015 $2,029 $47,750 $16,150 $31,600
2014 $1,944 $45,525 $16,175 $29,350
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9959301

Tennessee/Virginia Regional MLS

APN: 055E-B-006.00