NOT LISTED FOR SALE

162 Latimer Rd Oak Ridge, TN 37830

Estimated Value: $421,000 - $486,000

-- Bed
4 Baths
2,850 Sq Ft
$161/Sq Ft Est. Value

Last Sold August 15, 2022

Last sale price $390,009 $137 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,604/month

78 Days on Market

Highlights

  • 0.67 Acre Lot
  • Double Pane Windows
  • Tile Flooring
  • Willow Brook Elementary Rated 9+
  • Shed
  • Central Heating and Cooling System

About This Home

As of August 2022

PROPERTY BEING SOLD AS-IS/WHERE-IS. This investment property is one of two being listed that has no problem paying for itself and has a long rental history to prove it. The rental market in Oak Ridge is stronger than it has ever been. This 4-plex has been in the same family for almost 60 years and now it is time for the owners to ride off into the sunset in their RV. Each 2-bedroom, 1 bath unit is self contained with energy efficient central heat and air unit and it comes with stove, refrigerator, ceiling fans, washer/dryer hookups, has off-street parking and a very large back yard. There is still room for improvements to maximize your return on investment.

Last Agent to Sell the Property

Emilee Smith

Betsy Coleman Realty Co. License #295988 Listed on: 04/17/2022

Last Buyer's Agent

Lisa Axley

Realty III, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,751

Year Built

  • Built in 1942

Lot Details

  • 0.67 Acre Lot
  • Lot Dimensions are 150x197x151x198

Home Design

  • Quadruplex
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,850 Sq Ft Home
  • Double Pane Windows
  • Vinyl Clad Windows
  • Fire and Smoke Detector
  • Range
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Parking

  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Shed

Schools

  • Willow Brook Elementary School
  • Robertsville Middle School
  • Oak Ridge High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Oil
  • Heat Pump System
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for tenant pays all util
  • The owner pays for roof maintenance, lawn maintenance, HVAC maintenance, exterior maintenance, advertising, taxes, insurance
  • Assessor Parcel Number 099P D 031.00

Community Details

Overview

  • 4 Units

Building Details

  • Operating Expense $7,321
  • Net Operating Income $25,139

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,751

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Directions: Head North on Rt 62. Turn Left at Light on Robertsville Road. Turn Left on Jefferson Avenue. Turn Right onto N. Jefferson Circle. Turn Left on Latimer Road. Property will be on the Right.
  • Prop. Type: Multi-Family
  • Year Built: 1942
  • Lot Size Acres: 0.67
  • Lot Size: 150x197x151x198
  • General Property Description:Lot Size SqFt: 29185.0
  • Siding:Vinyl2: Yes
  • Cooling:Central Cooling: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Heat:Central: Yes
  • Appliances Refrigerators: Yes
  • Floors:Laminate: Yes
  • Floors:Tile2: Yes
  • Heat:Heat Pump3: Yes
  • Fuel:Oil: Yes
  • General Property Description:Driveway: Off-Street
  • Roof:Shingle: Yes
  • Property Sub-Type:Four Plex: Yes
  • Miscellaneous:WasherDryer Cnctns: Yes
  • Misc Features:Internet Available2: Yes
  • Roof:Composition: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range, Refrigerator
  • Owner Pays: Roof Maintenance, Lawn Maintenance, HVAC Maintenance, Exterior Maintenance, Advertising, Taxes, Insurance
  • Flooring: Laminate, Carpet, Vinyl, Tile
  • Window Features: Windows - Dble Pane
  • Appliances Range: Yes
  • Appliances:Smoke Detector: Yes
  • Other Rooms:Mstr Bdrm Main Level: Yes

Exterior Features

  • Exterior Features: Windows - Vinyl
  • Construction Type: Vinyl Siding, Frame
  • Other Structures: Shed
  • Roof: Shingle, Composition
  • Construction:Frame: Yes
  • Exterior Features:Cable Available (TV Only): Yes
  • Exterior Features:Windows - Vinyl: Yes
  • Exterior Features:Windows - Dble Pane: Yes
  • Exterior Features:Shed: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Cooling
  • Security: Smoke Detector
  • Cooling Y N: Yes
  • Heating: Heat Pump, Central, Oil
  • Heating Yn: Yes
  • Utilities: Cable Available (TV Only)

Schools

  • Elementary School: Willow Brook
  • High School: Oak Ridge
  • Middle Or Junior School: Robertsville

Lot Info

  • Lot Size Sq Ft: 29185.0
  • Parcel #: 099P D 031.00

Rental Info

  • Tenant Pays: Tenant Pays All Util

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 32460.0
  • Property Net Operating Income: 25139.0
  • Annual Operating Expense: 7321.0

Tax Info

  • Tax Annual Amount: 2751.11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2022
Closed on
Aug 15, 2022
Sold by
Bratcher James M and Bratcher Diane Debra
Bought by
Nkw Holdings Llc
Seller's Agent
Emilee Smith
Betsy Coleman Realty Co.
Buyer's Agent
Lisa Axley
Realty III, Inc.
List Price
$424,900
Sold Price
$390,009
Premium/Discount to List
-$34,891
-8.21%
Current Estimated Value
$458,372

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,363
Avg. Annual Appreciation
5.28%
Original Mortgage
$585,000
Outstanding Balance
$558,343
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
-$99,971
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
Nkw Holdings Llc $780,000 Maryville Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nkw Holdings Llc $585,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2022 08/15/22 Sold $390,009 -3.7% $137 / Sq Ft
07/04/2022 07/04/22 Pending -- -- --
06/12/2022 06/12/22 Price Changed $404,900 -4.7% $142 / Sq Ft
04/17/2022 04/17/22 For Sale $424,900 -- $149 / 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
2024 $1,976 $80,440 $13,200 $67,240
2023 $1,976 $80,440 $0 $0
2022 $2,751 $57,680 $13,200 $44,480
2021 $2,751 $57,680 $13,200 $44,480
2020 $1,417 $57,680 $13,200 $44,480
2019 $2,541 $48,360 $12,880 $35,480
2018 $2,483 $48,360 $12,880 $35,480
2017 $2,474 $48,360 $12,880 $35,480
2016 $2,474 $48,360 $12,880 $35,480
2015 -- $48,360 $0 $0
2014 -- $48,360 $0 $0
2013 -- $54,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2022

    Emilee Smith

    Betsy Coleman Realty Co.

  • L

    Buyer's Agent in 2022

    Lisa Axley

    Realty III, Inc.

See All Agents

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1187839

East Tennessee REALTORS® MLS

APN: 099P-D-031.00

Tennessee Anderson County Oak Ridge 37830

162 Latimer Rd, Oak Ridge, TN

This home is located at 162 Latimer Rd, Oak Ridge, TN 37830 since 17 April 2022 and is currently estimated at $458,372, approximately $160 per square foot. This property was built in 1942. 162 Latimer Rd is a home located in Anderson County with nearby schools including Willow Brook Elementary, Robertsville Middle School, and Oak Ridge High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

East Tennessee REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.

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