$702,000
SOLD JAN 10, 2025

1402 Hicks Rd Jefferson City, TN 37760

-- Bed
-- Bath
5,084 Sq Ft
0.68 Acres

Recently Sold

$138 Per Sq Ft

6% Below List Price

16 Days on Market

Highlights

  • Deck
  • Covered Patio or Porch
  • Central Heating and Cooling System
  • Main Floor Bedroom
  • Tile Flooring
  • Family Room

About This Home

As of January 2025

TWO ALL BRICK TRIPLEXES with metal roofs, city water/sewer and paved parking now available (6 total units)! Each unit is 2BR/1BA, with separate laundry room, tenants pay their own utilities and all are on month to month leases, so new owner has flexibility to change lease terms!

The average rent for a 2BR apt in Jefferson City is $1,400/mo (per as of Nov 2024).

Current leases: (4) tenants pay $1,100/mo and (2) tenants pay $1,200/mo. Estimated monthly expenses: Insurance $177 / Lawn Care $170 / City/County Taxes $347.

All built-in kitchen appliances and (3) sheds convey to buyer. Washers/Dryers belong to tenants.

Location less than half a mile to 11E and approx. 7 miles to I-40, gives easy access to Jefferson City, Morristown, Sevier Co and more!

Rent roll, FAQ's & leases available in associated docs.

Please note: buyer to verify all info, shaded areas in photos are lot line approximations and drone photos not indicative of view.

Last Agent to Sell the Property

Holly Roach

Real Broker License #327445 Listed on: 11/19/2024

Real Broker

Last Buyer's Agent

LISA BROWN

Crye-Leike Premier Real Estate License #319845

Crye-Leike Premier Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,428

Year Built

  • Built in 1995

Home Design

  • Triplex
  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • Main Floor Bedroom
  • 5,084 Sq Ft Home
  • Family Room
  • Range
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Tile

Parking

  • Driveway
  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Jefferson County High School

Additional Features

  • Lot Dimensions are 203 x 413 x 345 x 177
  • Central Heating and Cooling System

Community Details

  • 6 Units
  • Claude Williams Prop Subdivision

Listing and Financial Details

  • The owner pays for taxes, insurance, lawn maintenance
  • Assessor Parcel Number 024H E 009.01 / 024H E 009.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,428

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Directions: From Knoxville, take 11-E to Jefferson City, take RT immediately after KFC onto Hicks Rd, properties on left
  • Prop. Type: Multi-Family
  • Year Built: 1995
  • Lot Size: 203 x 413 x 345 x 177
  • Subdivision Name: Claude Williams Prop
  • Cooling:Central Cooling: Yes
  • Floors:Carpet: Yes
  • Fuel:Electric: Yes
  • Heat:Central: Yes
  • Appliances Refrigerators: Yes
  • Misc Features:WasherDryer Connect: Yes
  • Floors:Laminate: Yes
  • Siding:Brick2: Yes
  • Floors:Tile2: Yes
  • General Property Description:Driveway: Paved
  • Property Sub-Type:Triplex: Yes
  • Roof:Metal4: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range, Refrigerator
  • Owner Pays: Taxes, Insurance, Lawn Maintenance
  • Flooring: Laminate, Carpet, Tile
  • Appliances Range: Yes
  • Other Rooms:Mstr Bdrm Main Level: Yes
  • Other Rooms:Family Room: Yes
  • Other Rooms:Bedroom Main Level: Yes

Exterior Features

  • Exterior Features: Porch - Covered, Deck
  • Construction Type: Brick
  • Exterior Features:Deck: Yes
  • Exterior Features:Porch - Covered: Yes
  • Construction:Frame - Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Premise Parking, Off-Street Parking
  • GarageParking:Off-Street Parking: Yes
  • GarageParking:On Premise Parking: Yes

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Schools

  • High School: Jefferson County

Lot Info

  • Parcel #: 024H E 009.01 / 024H E 009.00

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 6800.0

Tax Info

  • Tax Annual Amount: 1427.52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2024
Closed on
Jan 10, 2025
Sold by
Gallo Mark and Gallo Juanell
Bought by
Robinson Gary Anthony and Robinson Shanci Lee
Seller's Agent
Holly Roach
Real Broker
Buyer's Agent
LISA BROWN
Crye-Leike Premier Real Estate
List Price
$749,990
Sold Price
$702,000
Premium/Discount to List
-$47,990
-6.4%
Views
2
Current Estimated Value
$407,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$294,639
Avg. Annual Appreciation
-49.79%
Original Mortgage
$561,600
Outstanding Balance
$497,269
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
-$89,908

Purchase Details

Listed on
Sep 20, 2022
Closed on
Dec 5, 2022
Sold by
Abner Debbie Lea
Bought by
Gallo Mark and Gallo Juanell
Seller's Agent
Shirley Arnold
Re/Max Between the Lakes
Buyer's Agent
IAN CULLEN
Tennessee Valley Appraisal Services
List Price
$325,000
Sold Price
$312,500
Premium/Discount to List
-$12,500
-3.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.02%

Purchase Details

Closed on
Mar 19, 1999
Sold by
Steven Hanna
Bought by
Gerald Williams

Purchase Details

Closed on
Sep 27, 1995
Bought by
Hanna Steven B
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 Type Sale Price Title Company
Warranty Deed $702,000 Colonial Title Group
Warranty Deed $625,000 Admiral Title Inc
Deed $150,000 --
Warranty Deed $130,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $561,600 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/10/2025 01/10/25 Sold $702,000 -6.4% $138 / Sq Ft
11/20/2024 11/20/24 Pending -- -- --
11/19/2024 11/19/24 Price Changed $749,990 0.0% $148 / Sq Ft
11/19/2024 11/19/24 For Sale $749,990 0.0% $148 / Sq Ft
11/09/2024 11/09/24 Pending -- -- --
11/04/2024 11/04/24 For Sale $749,999 +140.0% $148 / Sq Ft
12/06/2022 12/06/22 Sold $312,500 -3.8% $123 / Sq Ft View Prior Sale
11/06/2022 11/06/22 Pending -- -- --
09/20/2022 09/20/22 For Sale $325,000 -- $128 / Sq Ft
Source: East Tennessee REALTORS® 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
2025 $2,042 $126,040 $15,120 $110,920
2023 $2,042 $58,360 $0 $0
2022 $1,978 $58,360 $8,960 $49,400
2021 $1,978 $58,360 $8,960 $49,400
2020 $1,978 $58,360 $8,960 $49,400
2019 $1,978 $58,360 $8,960 $49,400
2018 $1,953 $55,040 $8,000 $47,040
2017 $1,953 $55,040 $8,000 $47,040
2016 $1,953 $55,040 $8,000 $47,040
2015 $1,926 $55,040 $8,000 $47,040
2014 $1,899 $55,040 $8,000 $47,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1281497

East Tennessee REALTORS® MLS

APN: 024H-E-009.01