Seller's Agent in 2017
David Collins
Collins & Co. Realtors & Auctioneers
(423) 335-3078
310 Total Sales
151 Rainbolt St Unit 4 Butler, TN 37640
Estimated Value: $168,000 - $400,398
--
Bed
4
Baths
--
Sq Ft
0.4
Acres
Highlights
- Detached Garage
- Cooling System Mounted In Outer Wall Opening
- Carpet
- Paneling
- Baseboard Heating
- 1-Story Property
About This Home
As of June 2017Four unit apartment complex, all on one level, located just across the street from Watauga Lake, with views of the Lake. Complex consists of one 2 bedroom unit and 3 one bedroom units. Each unit is separately metered for electricity, with the tenants paying their own heat and cooling bills. Property has been well maintained by the long term owner, with the following updates recently completed: New architectural roof in 2015, new appliances, 2011 thru 2015, and new floor coverings, 2010 thru 2015. Three of the four units have laundry facilities. Plenty of parking with a three carport on site for tenant parking. Monthly rentals total $1,260. This is the only apartment building in Butler, and would appeal to the many people who love living near the Lake. Strong rental history, with past tenants staying for 5 to 8 years. This property has been so well maintained and updated, there is little left for a new owner to do. Just buy it and begin collecting income from their investment. Reasonably priced by motivated seller.
Last Agent to Sell the Property
Collins & Co. Realtors & Auctioneers License #303152 Listed on: 04/13/2017
Co-Listed By
Russ Swanay
Collins & Co. Realtors & Auctioneers License #5587
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,280
Year Built
- Built in 1976
Lot Details
- 0.4 Acre Lot
- Sloped Lot
- Property is in good condition
Home Design
- Quadruplex
- Shingle Roof
- Stucco
Interior Spaces
- 1-Story Property
- Paneling
- Crawl Space
- Electric Range
- Washer and Electric Dryer Hookup
Flooring
- Carpet
- Vinyl
Parking
- Detached Garage
- 3 Carport Spaces
- Gravel Driveway
Schools
- Little Milligan Elementary School
- Johnson Co Middle School
- Johnson Co High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Baseboard Heating
- Septic Tank
Listing and Financial Details
- Assessor Parcel Number 021.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jan 6, 2022
Sold by
Marie Stram Suzanne
Bought by
Hatcher R Duran
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Outstanding Balance
$100,289
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$88,258
Purchase Details
Listed on
Apr 13, 2017
Closed on
May 26, 2017
Sold by
Smith Donna Nave and Griffin Donna L
Bought by
Stram Suzanne
Seller's Agent
David Collins
Collins & Co. Realtors & Auctioneers
List Price
$99,900
Sold Price
$96,000
Premium/Discount to List
-$3,900
-3.9%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.57%
Original Mortgage
$76,800
Interest Rate
3.97%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 10, 1993
Bought by
Giles Janet and Giles Jeff
Purchase Details
Closed on
Oct 29, 1992
Bought by
Giles Janet and Giles Jeff
Purchase Details
Closed on
Aug 22, 1987
Bought by
Nave Richard
Purchase Details
Closed on
Aug 22, 1978
Bought by
Nave Richard and Nave Sandra
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hatcher R Duran | $130,000 | Reliable Title | |
| Stram Suzanne | $96,000 | None Available | |
| Giles Janet | -- | -- | |
| Giles Janet | $39,000 | -- | |
| Nave Richard | -- | -- | |
| Nave Richard | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hatcher R Duran | $140,000 | |
| Closed | Hatcher R Duran | $140,000 | |
| Previous Owner | Stram Suzanne | $76,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/02/2017 06/02/17 | Sold | $96,000 | -3.9% | -- |
| 04/21/2017 04/21/17 | Pending | -- | -- | -- |
| 04/13/2017 04/13/17 | For Sale | $99,900 | -- | -- |
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 | $1,280 | $57,920 | $8,760 | $49,160 |
| 2023 | $1,280 | $57,920 | $8,760 | $49,160 |
| 2022 | $1,048 | $57,920 | $8,760 | $49,160 |
| 2021 | $1,048 | $57,920 | $8,760 | $49,160 |
| 2020 | $1,024 | $57,920 | $8,760 | $49,160 |
| 2019 | $1,024 | $49,960 | $8,760 | $41,200 |
| 2018 | $1,024 | $49,960 | $8,760 | $41,200 |
| 2017 | $1,024 | $49,960 | $8,760 | $41,200 |
| 2016 | $1,024 | $49,960 | $8,760 | $41,200 |
| 2015 | $904 | $49,960 | $8,760 | $41,200 |
| 2014 | $943 | $52,120 | $8,760 | $43,360 |
Source: Public Records
Agents Affiliated with this Home
-
-
R
Seller Co-Listing Agent in 2017
Russ Swanay
Collins & Co. Realtors & Auctioneers
Map
Source: Tennessee/Virginia Regional MLS
MLS Number: 390264
APN: 081O-C-021.00
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