NOT LISTED FOR SALE

Estimated Value: $536,549 - $595,000

-- Bed
8 Baths
-- Sq Ft
0.86 Acres

Last Sold December 18, 2013

Last sale price $209,500

Est. 168% increase in value since last sale

Current estimated payment $3,265/month

12 Days on Market

Highlights

  • Mountain View
  • Eat-In Kitchen
  • Cooling System Mounted In Outer Wall Opening
  • Covered Patio or Porch
  • Walk-In Closet
  • Entrance Foyer

About This Home

As of December 2013

Very clean 8 unit apartment (+/- 5376 SF) with a "no pet" and "no smoking policy" with low turnover; some tenants have been there for 5 plus years. All units layout are roughly the same and all have a large 1 bedroom, 1 bath (w/dual sinks) with an open floor plan between the eat-in kitchen, kitchen bar and living room. Each apartment has separate electric and water meters; tenants pay for their own water and electric. The owner pays for trash pickup. Seven units have refrigerators & electric ranges provided, all have efficient wall heating and cooling units and washer/dryer hock ups (some units have washers and dryers provided). The apartments have two private stairwells each serving 4 units (two units on each floor); each stairwell has a combination locked door for privacy. The last available apartment rented for $350 per month. Total rent currently exceeds $29,000 per year. The complex has 10 parking slots; two vehicles deep. The apartment also has a clear-span, drive-under basement (+/-2688 SF) with plumbing for two additional units or the basement could be rented for storage, etc. The apartment is conveniently located within 5 minutes of Elizabethton.

Last Agent to Sell the Property

Penny Woodson

Realty Sales and Rentals, LLC License #287667 Listed on: 10/15/2013

Last Buyer's Agent

Brenda Campbell

Arbella Properties JC License #324590

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,456

Year Built

  • Built in 1997

Lot Details

  • 0.86 Acre Lot
  • Landscaped
  • Cleared Lot

Home Design

  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • Walk-In Closet
  • 2-Story Property
  • Insulated Windows
  • Entrance Foyer
  • Combination Kitchen and Dining Room
  • Mountain Views
  • Fire and Smoke Detector
  • Eat-In Kitchen
  • Washer and Electric Dryer Hookup

Flooring

  • Carpet
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Garage Access
  • Stubbed For A Bathroom

Outdoor Features

  • Covered Patio or Porch

Schools

  • Valley Forge Elementary School
  • Hampton Middle School
  • Hampton High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating Available
  • Private Sewer
  • Cable TV Available

Community Details

  • Valley View Subdivision

Listing and Financial Details

  • Assessor Parcel Number 014.01

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,456

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Directions: From Elizabethton take 19E South toward Hampton, go 2 miles, TR onto Honeycutt St. (just before Hayworth Tire), go .5 miles, apartment on left, see sign.
  • Prop. Type: Residential Income
  • Year Built: 1997
  • Property Sub Type: Multi-Family
  • Reso Association Amenities: Landscaping
  • Subdivision Name: Valley View
  • Architectural Style: Other, See Remarks
  • Unit Levels: Two
  • Location Tax Legal Info Parcel ID: 014.01
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.86
  • General Property Description Zoning2: A1
  • General Property Description Elementary School3: Valley Forge
  • General Property Description Middle School2: Hampton
  • General Property Description High School3: Hampton
  • Water Public: Yes
  • General Property Description Lot Dimensions: .86
  • Appliances Refrigerators: Yes
  • General Property Description Stories2: 2
  • Roof Composition: Yes
  • Interior Features KitchenDining Combo: Yes
  • View Mountain(s): Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Carpet: Yes
  • TopographyLot Description Cleared: Yes
  • Flooring Vinyl: Yes
  • Basement Garage Door: Yes
  • Sewer Private Sewer: Yes
  • Foundation Concrete Perimeter: Yes
  • AC Wall Unit(s): Yes
  • General Property Description # Buildings: 1
  • Utilities Cable Connected2: Yes
  • Levels:Two: Yes
  • Special Features: None

Interior Features

  • Appliances: Refrigerator
  • Has Basement: Full, Garage Door, Plumbed
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Eat-in Kitchen, Entrance Foyer, Kitchen/Dining Combo, Smoke Detector(s), Walk-In Closet(s)
  • Window Features: Insulated Windows
  • Interior Features:Eat-in Kitchen: Yes
  • InteriorFeatures:Smoke Detector(s): Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Entrance Foyer: Yes
  • Full Basement: Yes
  • Basement:Plumbed: Yes

Exterior Features

  • Roof: Composition
  • Lot Features: Cleared
  • View: Mountain(s)
  • Exterior Features: Sidewalk
  • Acres: 0.86
  • Construction Type: Block, Vinyl Siding
  • Foundation Details: Concrete Perimeter
  • Patio And Porch Features: Covered, Front Patio, Front Porch
  • Exterior Finish Vinyl Siding: Yes
  • Window Features:Insulated Windows: Yes
  • PorchPatioDeck Covered: Yes
  • PorchPatioDeck Front Patio: Yes
  • PorchPatioDeck Front Porch: Yes

Garage/Parking

  • Parking Features: Concrete, Parking Spaces, Other, See Remarks
  • Attached Garage: No
  • Parking Features:Other13: Yes
  • Parking Features:See Remarks22: Yes
  • Parking Features:Concrete2: Yes
  • Parking Features:Parking Spaces: Yes

Utilities

  • Heating: Electric
  • Sewer: Private Sewer
  • Utilities: Cable Connected
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Wall Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Electric: Yes

Association/Amenities

  • AmenitiesLandscaping: Yes

Schools

  • Elementary School: Valley Forge
  • High School: Hampton
  • Middle Or Junior School: Hampton

Lot Info

  • Zoning: A1
  • Lot Dimensions: .86
  • Lot Size Sq Ft: 37461.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 014.01
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2013
Closed on
Dec 13, 2013
Sold by
Wolf Ridge Properties Llc
Bought by
Basilicato Bennaro and Basilicato Thelma
Seller's Agent
Penny Woodson
Realty Sales and Rentals, LLC
Buyer's Agent
Brenda Campbell
Arbella Properties JC
List Price
$220,000
Sold Price
$209,500
Premium/Discount to List
-$10,500
-4.77%
Current Estimated Value
$561,516

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$352,016
Avg. Annual Appreciation
8.82%
Original Mortgage
$167,600
Outstanding Balance
$127,347
Interest Rate
4.25%
Mortgage Type
Commercial
Estimated Equity
$434,169

Purchase Details

Closed on
Nov 12, 1998
Bought by
Tenn Baptist Childern'S Home Inc
Source: Public Records

Range of Values:

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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
Basilicato Bennaro $209,500 --
Tenn Baptist Childern'S Home Inc $268,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Basilicato Bennaro $167,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2013 12/18/13 Sold $209,500 -4.8% --
10/28/2013 10/28/13 Pending -- -- --
10/15/2013 10/15/13 For Sale $220,000 -- --
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 $2,456 $112,680 $11,040 $101,640
2023 $2,456 $112,680 $0 $0
2022 $2,287 $112,680 $11,040 $101,640
2021 $2,287 $112,680 $11,040 $101,640
2020 $2,839 $112,680 $11,040 $101,640
2019 $2,839 $114,920 $6,160 $108,760
2018 $2,839 $114,920 $6,160 $108,760
2017 $2,839 $114,920 $6,160 $108,760
2016 $2,816 $114,920 $6,160 $108,760
2015 $2,816 $114,920 $6,160 $108,760
2014 $2,910 $118,760 $6,160 $112,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 340170

Tennessee/Virginia Regional MLS

APN: 050P-C-014.01