NOT LISTED FOR SALE

201 Correll Ln Unit na Jonesborough, TN 37659

Estimated Value: $514,000 - $724,787

-- Bed
8 Baths
-- Sq Ft
0.57 Acres

Last Sold September 27, 2012

Last sale price $188,000

Est. 229% increase in value since last sale

Current estimated payment $3,668/month

114 Days on Market

Highlights

  • Paneling
  • Fireplace in Basement
  • Carpet
  • Window Unit Cooling System
  • Baseboard Heating
  • 3-minute walk to Mill Spring Park

About This Home

As of September 2012

Solid small 8 unit apartment complex located in Downtown Jonesborough. All these units are one level, tenants pay their own water, all have washer and dryer hookups, have decks, and are easy to manage. Four one bedroom units and four two bedroom units. This property is on a quiet dead end street in the Historic District. Motivated Seller

Last Agent to Sell the Property

LISTINGS TRANSFERRED

Blackhawk Real Estate Listed on: 04/03/2012

Last Buyer's Agent

Darrin Stryker

United Country Town & Country License #244519

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,519

Year Built

  • Built in 1978

Lot Details

  • 0.57 Acre Lot
  • Lot Dimensions are 160x155
  • Sloped Lot
  • Property is in average condition

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof
  • Masonite

Interior Spaces

  • 1-Story Property
  • Paneling
  • Fireplace in Basement
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Schools

  • Jonesborough Elementary And Middle School
  • David Crockett High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 52.01

Community Details

Overview

  • 2 Buildings

Building Details

  • Utility Expense $108
  • Operating Expense $7,224
  • Gross Income $37,380
  • Net Operating Income $30,155

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,519

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Directions: Highway 11E in Jonesborough, turn on Boone street and immediately on your right is the Fire Department and across the street is Correll Lane. Turn left on Correll Lane and the apartments are on the left.owner/agent
  • Prop. Type: Residential Income
  • Year Built: 1978
  • IncomeAndExpensesAnnualUtilityExpenses: 108
  • Property Sub Type: Multi-Family
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 52.01
  • Contract Info Foreclosure: No
  • General Property Description Acres: 0.57
  • General Property Description Zoning2: B3
  • General Property Description Elementary School3: Jonesborough
  • General Property Description Middle School2: Jonesborough
  • General Property Description High School3: David Crockett
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 160x155
  • Appliances Refrigerators: Yes
  • General Property Description # Fireplaces: 1
  • Style Ranch: Yes
  • Roof Shingle: Yes
  • General Property Description Stories2: 1
  • Roof Composition: Yes
  • TopographyLot Description Sloped: Yes
  • Flooring Carpet: Yes
  • Flooring Laminate: Yes
  • Fireplace Basement3: Yes
  • Exterior Finish Masonite: Yes
  • Excluded From Sale A C Window Units: Yes
  • Flooring Vinyl: Yes
  • Walls Paneling: Yes
  • Property Condition Average: Yes
  • General Property Description # Buildings: 2
  • Utilities Cable Connected2: Yes
  • Levels One: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Refrigerator
  • Flooring: Vinyl, Carpet, Laminate
  • Fireplace Features: Basement
  • Fireplaces: 1
  • Appliances Dishwasher: Yes

Exterior Features

  • Property Condition: Average
  • Roof: Composition, Shingle
  • Lot Features: Sloped
  • Acres: 0.57
  • Construction Type: Brick, Masonite
  • Exterior Finish Brick4: Yes

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: Jonesborough
  • High School: David Crockett
  • Middle Or Junior School: Jonesborough

Lot Info

  • Zoning: B3
  • Lot Dimensions: 160x155
  • Lot Size Sq Ft: 24829.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 52.01
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 37380.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 28, 2019
Sold by
Switzer Craig
Bought by
Elbers Enterprises Llc
Current Estimated Value
$619,394

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,000
Interest Rate
4.3%
Mortgage Type
Commercial

Purchase Details

Listed on
Apr 3, 2012
Closed on
Jul 31, 2012
Sold by
Bacon Steve E
Bought by
Switzer Craig
Seller's Agent
LISTINGS TRANSFERRED
Blackhawk Real Estate
Buyer's Agent
Darrin Stryker
United Country Town & Country
List Price
$365,000
Sold Price
$188,000
Premium/Discount to List
-$177,000
-48.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.55%

Purchase Details

Closed on
Jun 1, 1982
Bought by
Moulton James W
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
Elbers Enterprises Llc $425,000 None Available
Switzer Craig $188,000 --
Moulton James W $62,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Elbers Enterprises Llc $332,000
Previous Owner Bacon Steve E $30,000
Previous Owner Bacon Steve E $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2012 09/27/12 Sold $188,000 -48.5% --
07/27/2012 07/27/12 Pending -- -- --
04/03/2012 04/03/12 For Sale $365,000 -- --
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 $3,519 $205,800 $18,760 $187,040
2022 $2,751 $127,960 $14,440 $113,520
2021 $4,287 $127,960 $14,440 $113,520
2020 $3,279 $127,960 $14,440 $113,520
2019 $1,923 $97,880 $14,440 $83,440
2018 $2,707 $73,360 $14,440 $58,920
2017 $2,707 $73,360 $14,440 $58,920
2016 $2,707 $73,360 $14,440 $58,920
2015 $2,414 $73,360 $14,440 $58,920
2014 $2,414 $73,360 $14,440 $58,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 318425

Tennessee/Virginia Regional MLS

APN: 052O-B-052.01