NOT LISTED FOR SALE

124 Hales Chapel Rd Johnson City, TN 37615

Estimated Value: $262,000 - $275,000

-- Bed
2 Baths
1,750 Sq Ft
$153/Sq Ft Est. Value

Last Sold December 18, 2020

Last sale price $155,000 $89 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $1,599/month

2 Days on Market

Highlights

  • Eat-In Kitchen
  • Cooling Available
  • Vinyl Flooring
  • Paneling
  • Laundry Room
  • Heat Pump System

About This Home

As of December 2020

Excellent investment opportunity in a sought after location. Each side offers 2 bedrooms, 1 bath, eat-in Kitchen, Living Room and a carport. One unit was updated in 2017. The other unit has a long term tenant (approx. 10 years) and will need to be updated when the tenant moves out. Both units have updated HVAC within the last 3 years. There is a potential for rent increase. All information deemed reliable. Buyer to verify.

Last Agent to Sell the Property

CC MILHORN

KW Johnson City License #290396 Listed on: 11/15/2020

Co-Listed By

Andy Baxter

KW Kingsport License #286038

Last Buyer's Agent

LINCOLN WALTERS

KW Kingsport

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,716

Year Built

  • Built in 1971

Lot Details

  • 0.47 Acre Lot
  • Lot Dimensions are 139.77x247.77
  • Sloped Lot
  • Property is in good condition

Parking

  • 2 Carport Spaces

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1,750 Sq Ft Home
  • 1-Story Property
  • Paneling

Kitchen

  • Eat-In Kitchen
  • Range

Flooring

  • Laminate
  • Vinyl

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Schools

  • Gray Elementary And Middle School
  • Daniel Boone High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Septic Tank
  • Cable TV Available

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 012 087.01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,716

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Directions: I26 to Gray exit. Bobby Hicks Hwy to right on Old Gray Station Rd. Right on Hales Chapel, duplex on left.
  • Prop. Type: Multi Family
  • Building Stories: 1
  • Year Built: 1971
  • Garage Carport Spaces: 2
  • Property Sub Type: Duplex
  • Co List Office Mls Id: 612
  • Co List Office Phone: 423-433-6500
  • Architectural Style: Duplex
  • Unit Levels: One
  • New Construction: No
  • Reso Structure Type: House
  • Location Tax Legal Info Parcel ID: 012 087.01
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.47
  • General Property Description Zoning2: Commercial
  • General Property Description Elementary School3: Gray
  • General Property Description Middle School2: Gray
  • General Property Description High School3: Daniel Boone
  • Property Condition Above Average: Yes
  • Water Public: Yes
  • General Property Description Lot Dimensions: 139.77x247.77
  • Appliances Refrigerators: Yes
  • Roof Shingle: Yes
  • AC Heat Pump3: Yes
  • General Property Description Stories2: 1
  • TopographyLot Description Sloped: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Laminate: Yes
  • Other Rooms Laundry: Yes
  • Utilities Cable Available: Yes
  • Flooring Vinyl: Yes
  • Walls Paneling: Yes
  • Property Condition Average: Yes
  • General Property Description # Buildings: 1
  • General Property Description Total Units: 2
  • General Property Description Home Warranty2: No
  • Levels One: Yes
  • Style Duplex2: Yes
  • Structure Type:House: Yes
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Range, Refrigerator
  • Flooring: Vinyl, Laminate
  • Interior Amenities: Eat-in Kitchen
  • Interior Features:Eat-in Kitchen: Yes
  • Appliances Range: Yes

Exterior Features

  • Property Condition: Above Average, Average
  • Roof: Shingle
  • Acres: 0.47
  • Topography: Sloped
  • Home Warranty: No
  • Construction Type: Brick
  • Exterior Finish Brick4: Yes

Garage/Parking

  • Parking Features: Carport
  • Attached Garage: No
  • Parking Features:Carport: Yes

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes

Schools

  • Elementary School: Gray
  • High School: Daniel Boone
  • Middle Or Junior School: Gray

Lot Info

  • Zoning: Commercial
  • Lot Dimensions: 139.77x247.77
  • Lot Size Sq Ft: 20473.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 012 087.01

Multi Family

  • Number Of Units Total: 2
  • Vacancy Allowance Rate: 100.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2020
Closed on
Dec 18, 2020
Sold by
Burton Brad and Burton Melissa
Bought by
Walters Lincoln A
Seller's Agent
CC MILHORN
KW Johnson City
Buyer's Agent
LINCOLN WALTERS
KW Kingsport
List Price
$175,000
Sold Price
$155,000
Premium/Discount to List
-$20,000
-11.43%
Current Estimated Value
$267,679

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,679
Avg. Annual Appreciation
12.10%
Original Mortgage
$131,750
Outstanding Balance
$118,907
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$146,279

Purchase Details

Listed on
Aug 2, 2018
Closed on
Sep 10, 2018
Sold by
Arblaster Paul D and Arblaster Carol J
Bought by
Burton Brad and Burton Melissa
Seller's Agent
MaryAnn Patton
Property Executives Johnson City
Buyer's Agent
CC MILHORN
KW Johnson City
List Price
$155,000
Sold Price
$155,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%
Original Mortgage
$116,250
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2005
Sold by
Goodin Susan
Bought by
Arblaster Paul D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$62,000
Interest Rate
5.57%

Purchase Details

Closed on
Feb 28, 2003
Bought by
Goodin Susan
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
Walters Lincoln A $155,000 Classic Title Ins Co Inc
Burton Brad $155,000 None Available
Arblaster Paul D $102,000 --
Goodin Susan $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walters Lincoln A $131,750
Previous Owner Burton Brad $116,250
Previous Owner Goodin Susan $62,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2020 12/18/20 Sold $155,000 -11.4% $89 / Sq Ft
11/18/2020 11/18/20 Pending -- -- --
11/15/2020 11/15/20 For Sale $175,000 +12.9% $100 / Sq Ft
09/10/2018 09/10/18 Sold $155,000 0.0% --
08/04/2018 08/04/18 Pending -- -- --
08/02/2018 08/02/18 For Sale $155,000 -- --
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 $1,716 $100,360 $17,920 $82,440
2022 $1,315 $61,160 $11,960 $49,200
2021 $1,315 $61,160 $11,960 $49,200
2020 $1,315 $61,160 $11,960 $49,200
2019 $1,425 $61,160 $11,960 $49,200
2018 $1,425 $59,880 $11,960 $47,920
2017 $1,425 $59,880 $11,960 $47,920
2016 $1,425 $59,880 $11,960 $47,920
2015 $1,186 $59,880 $11,960 $47,920
2014 $1,186 $59,880 $11,960 $47,920
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2020

    CC MILHORN

    KW Johnson City

  • Andy Baxter

    Seller Co-Listing Agent in 2020

    Andy Baxter

    KW Kingsport

    (423) 943-2098

    120 Total Sales

    Andy Baxter
    Section Image

  • L

    Buyer's Agent in 2020

    LINCOLN WALTERS

    KW Kingsport

  • J

    Buyer's Agent in 2020

    Jena Burgin

    Keller Williams Realty

    (423) 280-0601

    27 Total Sales

    Jena Burgin
    Section Image
  • MaryAnn Patton

    Seller's Agent in 2018

    MaryAnn Patton

    Property Executives Johnson City

    (423) 677-6592

    36 Total Sales

    MaryAnn Patton
    Section Image

  • J

    Seller Co-Listing Agent in 2018

    JOEY CARRIER

    Property Executives Johnson City

See All Agents

Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9915535

Tennessee/Virginia Regional MLS

APN: 012-087.01

Tennessee Washington County Johnson City 37615

124 Hales Chapel Rd, Johnson City, TN

This home is located at 124 Hales Chapel Rd, Johnson City, TN 37615 since 15 November 2020 and is currently estimated at $267,679, approximately $152 per square foot. This property was built in 1971. 124 Hales Chapel Rd is a home located in Washington County with nearby schools including Gray Elementary School, Daniel Boone High School, and Tri City Seventh-day Adventist School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Listing information is deemed reliable, but not guaranteed.

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