NOT LISTED FOR SALE

1225 Brown Rd Erwin, TN 37650

Estimated Value: $321,000

4 Beds
2 Baths
1,859 Sq Ft
$173/Sq Ft Est. Value

Last Sold March 21, 2021

Last sale price $199,900 $108 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,070/month

177 Days on Market

Highlights

  • 11.4 Acre Lot
  • Farmhouse Style Home
  • Shed
  • Mountain View
  • Circular Driveway
  • Level Lot

About This Home

As of March 2021

Welcome to 1225 Brown Road within the city limits of the Town of Erwin. This unique property is one of a kind, and could possibly be the last large tract of land within the town limits that would be ideal for a residential development! There is municipal water & sewer at the road. There are possible incentives available to a developer. All information is deemed reliable, but not guaranteed. Buyer / Buyer's Agent to verify all information.

Last Agent to Sell the Property

MICHAEL BAKER

The Brokers Realty & Auction License #333409 Listed on: 05/05/2020

Last Buyer's Agent

MICHAEL BAKER

The Brokers Realty & Auction License #333409 Listed on: 05/05/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $0

Year Built

  • Built in 1860

Lot Details

  • 11.4 Acre Lot
  • Level Lot
  • Cleared Lot
  • Property is in below average condition

Parking

  • Circular Driveway

Home Design

  • Farmhouse Style Home
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 1,859 Sq Ft Home
  • 2-Story Property
  • Mountain Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Shed
  • Outbuilding

Schools

  • Unicoi Elementary School
  • Unicoi Co Middle School
  • Unicoi Co High School

Utilities

  • Private Sewer

Listing and Financial Details

  • Assessor Parcel Number 017 085.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$0

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Directions: Off Zane Whitson Road 1225 Brown Road Erwin, TN 37650. See signs.
  • Prop. Type: Residential
  • Year Built: 1860
  • Property Sub Type: Single Family Residence
  • Architectural Style: Farmhouse
  • 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: 11.4
  • General Property Description Zoning2: R-1
  • General Property Description Elementary School3: Unicoi
  • General Property Description Middle School2: Unicoi Co
  • General Property Description High School3: Unicoi Co
  • Water Public: Yes
  • General Property Description Lot Dimensions: 11.4 Acres
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 1859.0
  • TopographyLot Description Level2: Yes
  • General Property Description Parcel ID2: 017 085.00
  • General Property Description Stories2: 2
  • Other Structures Outbuilding: Yes
  • Other Structures Shed(s): Yes
  • View Mountain(s): Yes
  • TopographyLot Description Cleared: Yes
  • Sewer Private Sewer: Yes
  • RoofAsphalt: Yes
  • Property Condition Below Average: Yes
  • Levels:Two: Yes
  • Structure Type:House: Yes
  • Special Features: VirtualTour

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Total Bedrooms: 9
  • General Property Description Baths - Full: 2

Exterior Features

  • Property Condition: Below Average
  • Roof: Asphalt
  • Other Structures: Outbuilding, Shed(s)
  • View: Mountain(s)
  • Acres: 11.4
  • Topography: Cleared, Level
  • Home Warranty: No
  • Construction Type: Wood Siding, See Remarks
  • Exterior Finish Wood Siding: Yes

Garage/Parking

  • Parking Features: Circular Driveway
  • Attached Garage: No
  • Parking Features:Circular Driveway: Yes

Utilities

  • Heating: See Remarks
  • Sewer: Private Sewer
  • Cooling: See Remarks
  • Water Source: Public
  • Heating:See Remarks10: Yes

Schools

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

Lot Info

  • Zoning: R-1
  • Lot Dimensions: 11.4 Acres
  • Lot Size Sq Ft: 496584.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 017 085.00
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 2023
Sold by
Wolfe Development Gp
Bought by
Hensley Cody S and Hensley Brittany G
Current Estimated Value
$321,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$422,750
Outstanding Balance
$414,751
Interest Rate
6.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2022
Sold by
Wolfe Development Gp
Bought by
Riddle Noel Whitney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,800
Interest Rate
4.99%
Mortgage Type
Construction

Purchase Details

Closed on
Sep 1, 2022
Sold by
Wolfe Development Gp
Bought by
Orth Construction Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,800
Interest Rate
4.99%
Mortgage Type
Construction

Purchase Details

Listed on
May 5, 2020
Closed on
Mar 18, 2021
Sold by
Ervin John Thomas and Ervin Ronald Wayne
Bought by
Wolfe Development Gp
Seller's Agent
MICHAEL BAKER
The Brokers Realty & Auction
Buyer's Agent
MICHAEL BAKER
The Brokers Realty & Auction
List Price
$230,000
Sold Price
$199,900
Premium/Discount to List
-$30,100
-13.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,900
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hensley Cody S $445,000 None Listed On Document
Riddle Noel Whitney $53,475 --
Orth Construction Company $54,725 None Listed On Document
Orth Construction Company $54,725 None Listed On Document
Orth Construction Company $54,725 None Listed On Document
Orth Construction Company $54,725 None Listed On Document
Wolfe Development Gp $147,470 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hensley Cody S $422,750
Previous Owner Riddle Noel Whitney $340,800
Previous Owner Orth Construction Company $288,000
Previous Owner Orth Construction Company $328,000
Previous Owner Wolfe Development Gp A Tn Gen $324,000
Previous Owner Wolfe Development Gp $1,050,000
Previous Owner Wolfe Development Gp A Tn Gen Part $199,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2021 03/21/21 Sold $199,900 -13.1% $108 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
03/06/2020 03/06/20 For Sale $230,000 -- $124 / 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
2022 $0 $22,850 $22,850 $0
2021 $820 $17,375 $15,125 $2,250
2020 $996 $21,925 $15,125 $6,800
2019 $996 $21,925 $15,125 $6,800
2018 $909 $21,925 $15,125 $6,800
2017 $905 $21,925 $15,125 $6,800
2016 $792 $19,350 $13,475 $5,875
2015 $728 $19,350 $0 $0
2014 $728 $19,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9905526

Tennessee/Virginia Regional MLS

APN: 017-08500-000