NOT LISTED FOR SALE

1522 Milligan Hwy Unit 3 Johnson City, TN 37601

Estimated Value: $249,692 - $273,000

-- Bed
3 Baths
-- Sq Ft
151 Acres

Last Sold September 15, 2016

Last sale price $52,500

Est. 398% increase in value since last sale

Current estimated payment $1,500/month

187 Days on Market

Highlights

  • Deck
  • Double Pane Windows
  • Window Unit Cooling System
  • Covered Patio or Porch
  • Paneling
  • Baseboard Heating

About This Home

As of September 2016

Here is your chance to own a small apartment complex on Milligan Hwy. 2-2 bedroom 1 bath and 1-3bedroom 1 bath. All units are currently rented producing an income of $1200.00 monthly

Last Agent to Sell the Property

Steve Brookins

NE TN Rental Prop & Sales License #303563 Listed on: 03/11/2016

Last Buyer's Agent

VYVYAN DEROUEN

Property Executives Johnson City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,598

Year Built

  • Built in 1934

Lot Details

  • Level Lot
  • Property is in good condition

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Paneling
  • Double Pane Windows
  • Crawl Space
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

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

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Cable TV Available

Community Details

  • FHA/VA Approved Complex
  • Gross Income $14,400

Listing and Financial Details

  • Assessor Parcel Number 006.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,598

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Directions: From Johnson City get on Milligan Hwy Apartments on right next to Exxon/Milligan Grocery
  • Prop. Type: Residential Income
  • Year Built: 1934
  • Property Sub Type: Multi-Family
  • Unit Levels: Two
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 006.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Zoning2: Commercial
  • General Property Description Elementary School3: Happy Valley
  • General Property Description Middle School2: Happy Valley
  • General Property Description High School3: Happy Valley
  • Property Condition Above Average: Yes
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 163.5 X 44.4 IRR
  • Appliances Refrigerators: Yes
  • TopographyLot Description Level2: Yes
  • Roof Shingle: Yes
  • Financing FHA: Yes
  • General Property Description Stories2: 2
  • Flooring Carpet: Yes
  • Excluded From Sale A C Window Units: Yes
  • Flooring Vinyl: Yes
  • Walls Paneling: Yes
  • General Property Description # Buildings: 1
  • Utilities Cable Connected2: Yes
  • Levels:Two: Yes
  • Special Features: None

Interior Features

  • Appliances: Refrigerator
  • Has Basement: Crawl Space
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Laminate Counters
  • Window Features: Double Pane Windows
  • Interior Features:Laminate Counters: Yes
  • Basement:Crawl Space: Yes

Exterior Features

  • Property Condition: Above Average
  • Roof: Shingle
  • Lot Features: Level
  • Construction Type: Brick, Vinyl Siding
  • Patio And Porch Features: Covered, Deck
  • Exterior Finish Brick4: Yes
  • Exterior Finish Vinyl Siding: Yes
  • Window Features:Double Pane Windows: Yes
  • PorchPatioDeck Covered: Yes
  • PorchPatioDeck Deck: Yes

Garage/Parking

  • Parking Features: None
  • Attached Garage: No

Utilities

  • Heating: Baseboard
  • Sewer: Public Sewer
  • Utilities: Cable Connected
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes

Schools

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

Lot Info

  • Zoning: Commercial
  • Lot Dimensions: 163.5 X 44.4 IRR
  • Parcel #: 006.00

Multi Family

  • Annual Gross Income: 14400.0
  • Vacancy Allowance Rate: 33.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 6, 2025
Sold by
Hollars Ted W
Bought by
Graybeal Carol Ann
Current Estimated Value
$261,346

Purchase Details

Closed on
Apr 28, 2022
Sold by
Transformers Prime Investments Llc
Bought by
Hollars Ted W

Purchase Details

Listed on
Mar 11, 2016
Closed on
Sep 15, 2016
Sold by
Webb Jeanetta B
Bought by
Transformers Prime Investments
Seller's Agent
Steve Brookins
NE TN Rental Prop & Sales
Buyer's Agent
VYVYAN DEROUEN
Property Executives Johnson City
List Price
$75,000
Sold Price
$52,500
Premium/Discount to List
-$22,500
-30%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.24%

Purchase Details

Closed on
Nov 3, 1982
Bought by
Webb Willie E and Webb Jeanetta
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 Buyer Sale Price Title Company
Graybeal Carol Ann $250,000 Reliable Title & Escrow
Graybeal Carol Ann $250,000 Reliable Title & Escrow
Hollars Ted W -- Malcolm W Derek
Hollars Ted W -- Malcolm W Derek
Transformers Prime Investments $52,500 --
Webb Willie E -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2016 09/15/16 Sold $52,500 -30.0% --
08/16/2016 08/16/16 Pending -- -- --
03/11/2016 03/11/16 For Sale $75,000 -- --
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 $1,598 $48,400 $18,840 $29,560
2023 $1,598 $48,400 $0 $0
2022 $1,743 $48,400 $18,840 $29,560
2021 $983 $48,400 $18,840 $29,560
2020 $1,819 $48,400 $18,840 $29,560
2019 $1,819 $42,120 $14,560 $27,560
2018 $1,794 $42,120 $14,560 $27,560
2017 $1,794 $42,120 $14,560 $27,560
2016 $1,786 $42,120 $14,560 $27,560
2015 $1,790 $42,120 $14,560 $27,560
2014 $1,426 $33,400 $14,600 $18,800
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Steve Brookins

    NE TN Rental Prop & Sales

    Section Image

  • V

    Buyer's Agent in 2016

    VYVYAN DEROUEN

    Property Executives Johnson City

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 374028

Tennessee/Virginia Regional MLS

APN: 055L-C-006.00

Tennessee Carter County Johnson City 37601

1522 Milligan Hwy Unit 3, Johnson City, TN

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