NOT LISTED FOR SALE

1377 Gap Creek Rd Elizabethton, TN 37643

Estimated Value: $86,000 - $185,000

2 Beds
1 Bath
832 Sq Ft
$160/Sq Ft Est. Value

Last Sold April 09, 2012

Last sale price $50,000 $60 Per Sq Ft

Est. 167% increase in value since last sale

Current estimated payment $730/month

157 Days on Market

Highlights

  • Wood Flooring
  • Enclosed Patio or Porch
  • Laundry Room
  • Cottage
  • Paneling
  • Shed

About This Home

As of April 2012

Charming country cottage sitting on 2.3 acres with 30 X 24 barn, 8 x 26 shed, 8 x 16 shed. Featuring large kitchen and mountain views.All purchase offers, CASH or financed must be accompanied by a pre-approval letter from Prostpect mortgage (contact email elizabeth.larsen@prospectmtg.com; Ph:312-557-5211; or www.prostpectmtg.com/jrose. Buyer or Buyer's agent to verify all information.Information taken from 3RD party.

Last Agent to Sell the Property

Kerry Porche

Coldwell Banker Security Real Estate Listed on: 10/21/2011

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $371

Year Built

  • Built in 1935

Lot Details

  • 2.3 Acre Lot
  • Sloped Lot
  • Property is in below average condition
  • Property is zoned Agricultural

Home Design

  • Cottage
  • Block Foundation
  • Plaster Walls
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 832 Sq Ft Home
  • 1-Story Property
  • Paneling
  • Combination Kitchen and Dining Room

Kitchen

  • Range
  • Laminate Countertops

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Basement

  • Dirt Floor
  • Block Basement Construction

Outdoor Features

  • Enclosed Patio or Porch
  • Shed
  • Outbuilding

Schools

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

Utilities

  • No Cooling
  • No Heating
  • Septic Tank

Listing and Financial Details

  • Foreclosure
  • Assessor Parcel Number 020.03

Home Details

Home Type

Single Family

Est. Annual Taxes

$371

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Directions: Hwy 321 to Elizabethton, turn right at first light, turn right onto Gap Creek Road, Approx 3 miles on left, see sign
  • Prop. Type: Residential
  • Year Built: 1935
  • Property Sub Type: Single Family Residence
  • ResoSpecialListingConditions: In Foreclosure
  • Architectural Style: Cottage
  • Unit Levels: One
  • New Construction: No
  • Reso Structure Type: House
  • Contract Info Foreclosure: Yes
  • General Property Description Acres: 2.3
  • General Property Description Zoning2: Agricultural
  • General Property Description Elementary School3: Happy Valley
  • General Property Description Middle School2: Happy Valley
  • General Property Description High School3: Happy Valley
  • Water Public: Yes
  • General Property Description Lot Dimensions: 2.3 acres
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 832.0
  • General Property Description Above Grade SqFt: 832.0
  • Flooring Hardwood: Yes
  • General Property Description Parcel ID2: 020.03
  • Roof Shingle: Yes
  • General Property Description Stories2: 1
  • Other Structures Outbuilding: Yes
  • Other Structures Shed(s): Yes
  • Interior Features KitchenDining Combo: Yes
  • TopographyLot Description Sloped: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Carpet: Yes
  • Other Rooms Laundry: Yes
  • Foundation Block6: Yes
  • Flooring Vinyl: Yes
  • Walls Paneling: Yes
  • Walls Plaster: Yes
  • Basement Block4: Yes
  • Other Structures Storage2: Yes
  • Property Condition Below Average: Yes
  • Levels One: Yes
  • Structure Type:House: Yes
  • Special Features: 1028

Interior Features

  • Appliances: Range
  • Has Basement: Block, Dirt Floor
  • Flooring: Carpet, Hardwood, Vinyl
  • Interior Amenities: Kitchen/Dining Combo, Laminate Counters
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Bedrooms: 4
  • General Property Description Baths - Full: 1
  • Appliances Range: Yes
  • Interior Features:Laminate Counters: Yes
  • Basement:Dirt Floor: Yes

Exterior Features

  • Property Condition: Below Average
  • Roof: Shingle
  • Other Structures: Outbuilding, Shed(s), Storage
  • Acres: 2.3
  • Topography: Sloped
  • Home Warranty: No
  • Construction Type: Wood Siding, Plaster
  • Foundation Details: Block
  • Patio And Porch Features: Back, Enclosed, Front Patio, Front Porch, Porch
  • Exterior Finish Wood Siding: Yes
  • PorchPatioDeck Back: Yes
  • PorchPatioDeck Front Patio: Yes
  • PorchPatioDeck Front Porch: Yes
  • PorchPatioDeck Porch: Yes
  • PorchPatioDeck Enclosed: Yes

Garage/Parking

  • Parking Features: Asphalt, None
  • Attached Garage: No
  • Parking Features:Asphalt2: Yes

Utilities

  • Heating: None
  • Sewer: Septic Tank
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • HeatingYN: No
  • Water Source: Public
  • Sewer Septic Tank: Yes
  • Heating:None7: Yes

Schools

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

Lot Info

  • Zoning: Agricultural
  • Lot Dimensions: 2.3 acres
  • Lot Size Sq Ft: 100188.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 020.03
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2011
Closed on
Mar 31, 2012
Sold by
Deutsche Bank National Tru
Bought by
Grindstaff Larry S
Seller's Agent
Kerry Porche
Coldwell Banker Security Real Estate
Buyer's Agent
Property Executives Johnson City
List Price
$75,000
Sold Price
$50,000
Premium/Discount to List
-$25,000
-33.33%
Current Estimated Value
$133,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,504
Avg. Annual Appreciation
7.51%

Purchase Details

Closed on
Aug 4, 2011
Sold by
Burleson Richard C
Bought by
Deutsche Bank National Trust C and C/O American Home Mtg Servicin

Purchase Details

Closed on
Jan 6, 1999
Bought by
Burleson Richard C
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
Grindstaff Larry S $50,000 --
Deutsche Bank National Trust C $104,818 --
Burleson Richard C $10,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/09/2012 04/09/12 Sold $50,000 -33.3% $60 / Sq Ft
03/27/2012 03/27/12 Pending -- -- --
10/21/2011 10/21/11 For Sale $75,000 -- $90 / 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 $371 $18,500 $8,650 $9,850
2023 $371 $17,025 $0 $0
2022 $346 $17,025 $8,650 $8,375
2021 $346 $17,025 $8,650 $8,375
2020 $380 $17,025 $8,650 $8,375
2019 $380 $15,400 $8,650 $6,750
2018 $435 $17,600 $8,650 $8,950
2017 $435 $17,600 $8,650 $8,950
2016 $431 $17,600 $8,650 $8,950
2015 $431 $17,600 $8,650 $8,950
2014 $434 $17,725 $8,700 $9,025
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 313354

Tennessee/Virginia Regional MLS

APN: 057-020.03