Seller's Agent in 2025
Johnathan Forester
THE BROKERS REALTY & AUCTION, INC.
(901) 222-7001
19 Total Sales
1315 Indian Ridge Rd Johnson City, TN 37604
--
Bed
--
Bath
1,000
Sq Ft
2.1
Acres
Highlights
- No HOA
- Central Heating and Cooling System
- Carpet
- Woodland Elementary School Rated A
- Lot Has A Rolling Slope
About This Home
As of March 202530 Unit Meticulously maintained apartments in the heart of Johnson City.
All brick 1 bedroom 1 bath 3-unit complex with high potential for rent increases.
Same owner since 2015. The owner has done a lot of capital improvements & prides himself in maintaining a very good product. These units are ready for a new investor to take over & start making money. Owner not providing T12 or P&L. Seller has a total of 4 apartment complexes for sale.
Last Agent to Sell the Property
THE BROKERS REALTY & AUCTION, INC. License #317675 Listed on: 11/01/2024
Last Buyer's Agent
THE BROKERS REALTY & AUCTION, INC. License #317675 Listed on: 11/01/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,483
Year Built
- Built in 2004
Lot Details
- 2.1 Acre Lot
- Lot Dimensions are 334 x 283
- Lot Has A Rolling Slope
- Property is in average condition
Home Design
- Brick Exterior Construction
- Shingle Roof
- Composition Roof
Schools
- Woodland Elementary School
- Liberty Bell Middle School
- Science Hill High School
Additional Features
- Electric Range
- Carpet
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- 4 Units
Listing and Financial Details
- Assessor Parcel Number 054a A 001.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 1, 2024
Closed on
Mar 24, 2025
Sold by
Aviation Realty Iii Llc
Bought by
Brandy Mills Apartments Llc
Seller's Agent
Johnathan Forester
THE BROKERS REALTY & AUCTION, INC.
Buyer's Agent
Johnathan Forester
THE BROKERS REALTY & AUCTION, INC.
List Price
$3,500,000
Sold Price
$2,880,000
Premium/Discount to List
-$620,000
-17.71%
Views
18
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.73%
Original Mortgage
$2,016,000
Outstanding Balance
$2,016,000
Interest Rate
6.76%
Mortgage Type
Credit Line Revolving
Estimated Equity
$870,276
Purchase Details
Closed on
Oct 3, 2005
Sold by
Norman Davis
Bought by
Aviation Realty Iii Llc
Purchase Details
Closed on
Jun 3, 2003
Sold by
Washington County
Bought by
Norman Davis
Purchase Details
Closed on
Aug 27, 1996
Sold by
Jeffrey Malcolm
Bought by
Thomas Fraser
Purchase Details
Closed on
Aug 14, 1996
Sold by
Jeffrey Malcolm
Bought by
Jeffrey Malcolm
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | None Listed On Document | |
| Deed | $1,355,000 | -- | |
| Deed | $83,000 | -- | |
| Deed | $59,000 | -- | |
| Deed | $105,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,016,000 | Credit Line Revolving | |
| Closed | $2,016,000 | Credit Line Revolving | |
| Previous Owner | $937,500 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/12/2025 06/12/25 | Price Changed | $950 | 0.0% | $1 / Sq Ft |
| 06/12/2025 06/12/25 | For Rent | $950 | 0.0% | -- |
| 03/24/2025 03/24/25 | Sold | $2,880,000 | -17.7% | $2,880 / Sq Ft |
| 11/29/2024 11/29/24 | Pending | -- | -- | -- |
| 11/01/2024 11/01/24 | For Sale | $3,500,000 | 0.0% | $3,500 / Sq Ft |
| 02/17/2024 02/17/24 | For Rent | -- | -- | -- |
| 01/31/2024 01/31/24 | For Rent | $950 | -- | -- |
Source: Tennessee/Virginia Regional MLS
Tax History Compared to Growth
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 | $12,483 | $795,560 | $49,320 | $746,240 |
| 2023 | $9,169 | $426,480 | $0 | $0 |
| 2022 | $9,169 | $426,480 | $32,880 | $393,600 |
| 2021 | $16,547 | $426,480 | $32,880 | $393,600 |
| 2020 | $16,462 | $426,480 | $32,880 | $393,600 |
| 2019 | $9,030 | $426,480 | $32,880 | $393,600 |
| 2018 | $16,201 | $379,440 | $32,880 | $346,560 |
| 2017 | $16,201 | $379,440 | $32,880 | $346,560 |
| 2016 | $16,126 | $379,440 | $32,880 | $346,560 |
| 2015 | $14,608 | $379,440 | $32,880 | $346,560 |
| 2014 | -- | $470,400 | $32,880 | $437,520 |
Source: Public Records
Agents Affiliated with this Home
-
Johnathan Forester
Map
Source: Tennessee/Virginia Regional MLS
MLS Number: 9973011
APN: 054A-A-001.00
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