NOT LISTED FOR SALE

Estimated Value: $412,000 - $439,548

-- Bed
6 Baths
-- Sq Ft
135 Acres

Last Sold September 16, 2022

Last sale price $360,000

Est. 18% increase in value since last sale

Current estimated payment $2,447/month

13 Days on Market

Highlights

  • Wood Flooring
  • Victorian Architecture
  • Cooling System Mounted In Outer Wall Opening
  • South Side Elementary School Rated A
  • Double Pane Windows
  • 4-minute walk to Powell Square Park

About This Home

As of September 2022

LOCATION, LOCATION, LOCATION. Great Income Opportunity! Close to ETSU and downtown. This multi family is located in The Tree Streets, one of the most desirable neighborhoods in Johnson City! 6 one bedroom, one bath units, all equipped with full kitchens. New roof installed 2 years ago. Three brand new energy efficient multi Split Heating/AC systems. Updated plumbing throughout much of the property. Large yard with beautiful Cherry Blossom and Dogwood trees. Tenants pay electric, and owner pays water.

Total Projected Annual Rent For 2023 Is $45,900.00 Monthly Rent is $3,800.00, Fully leased. Basement 2 units, $550 a month. Main Level units are $900 and $600 a month. Upstairs units are $600 a month each. Expenses: Electric runs the owner about $20 a month for common space, Water runs about $125 a month for the owner. Owner will not rent to own as an offer. Cash or Conventional Finance Offers Only. NO EXCEPTIONS. PROPERTY BEING SOLD AS IS.
All Showings Require a minimum of 24 hours to give tenants a legal notice, no showings under any circumstances under 24 hours. Property Sold AS IS. Do not go onto property without a scheduled appt w/agent. Information Deemed Accurate But Not Guaranteed, Buyers Agent To Verify.

Last Agent to Sell the Property

CORY PETERS

Bridge Pointe Real Estate Jonesborough License #351304 Listed on: 08/04/2022

Last Buyer's Agent

Katy Bennett

Hurd Realty, LLC License #360947

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,522

Year Built

  • Built in 1900

Lot Details

  • Lot Dimensions are 113 x 155
  • Sloped Lot
  • Property is in good condition

Home Design

  • Victorian Architecture
  • Stone Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Double Pane Windows
  • Range

Flooring

  • Wood
  • Vinyl

Schools

  • South Side Elementary School
  • Liberty Bell Middle School
  • Science Hill High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating Available

Community Details

  • 6 Units

Listing and Financial Details

  • Assessor Parcel Number 054d E 033.00
  • Tax Block 9

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,522

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Directions: Heading N on State Of Franklin Rd, turn right onto S Roan St, follow for .32 miles, take a right onto W Locust, follow for .16 miles, property will be on your right side.
  • Prop. Type: Residential Income
  • Year Built: 1900
  • Property Sub Type: Multi-Family
  • Subdivision Name: Unknown
  • Architectural Style: Victorian
  • Unit Levels: Two
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 054d E 033.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Zoning2: R 5
  • General Property Description Elementary School3: South Side
  • General Property Description Middle School2: Liberty Bell
  • General Property Description High School3: Science Hill
  • Property Condition Above Average: Yes
  • General Property Description Lot Dimensions: 113 x 155
  • Appliances Refrigerators: Yes
  • Flooring Hardwood: Yes
  • General Property Description Stories2: 2
  • TopographyLot Description Sloped: Yes
  • Location Tax Legal Info Block: 9
  • Water At Road2: Yes
  • Excluded From Sale A C Window Units: Yes
  • Flooring Vinyl: Yes
  • RoofAsphalt: Yes
  • AC Wall Unit(s): Yes
  • Foundation Stone4: Yes
  • General Property Description # Buildings: 1
  • General Property Description Total Units: 6
  • General Property Description Home Warranty2: No
  • Levels:Two: Yes
  • Special Features: None

Interior Features

  • Appliances: Range, Refrigerator
  • Flooring: Vinyl, Hardwood
  • Window Features: Double Pane Windows, Single Pane Windows
  • Appliances Range: Yes

Exterior Features

  • Property Condition: Above Average
  • Roof: Asphalt
  • Lot Features: Sloped
  • Exterior Features: Sidewalk
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Stone
  • Exterior Finish Vinyl Siding: Yes
  • Window Features:Double Pane Windows: Yes
  • Window Features:Single Pane Windows: Yes

Garage/Parking

  • Parking Features: Asphalt
  • Attached Garage: No
  • Parking Features:Asphalt2: Yes

Utilities

  • Heating: Electric
  • Cooling: Wall Unit(s), Window Unit(s), See Remarks
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: At Road
  • Heating:Electric: Yes

Schools

  • Elementary School: South Side
  • High School: Science Hill
  • Middle Or Junior School: Liberty Bell

Lot Info

  • Zoning: R 5
  • Lot Dimensions: 113 x 155
  • Parcel #: 054d E 033.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2022
Closed on
Sep 15, 2022
Sold by
John Dorrell
Bought by
Melliza Properties Llc
Seller's Agent
CORY PETERS
Bridge Pointe Real Estate Jonesborough
Buyer's Agent
Katy Bennett
Hurd Realty, LLC
List Price
$360,000
Sold Price
$360,000
Current Estimated Value
$425,774

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,774
Avg. Annual Appreciation
5.43%
Original Mortgage
$270,000
Outstanding Balance
$248,797
Interest Rate
5.22%
Mortgage Type
Credit Line Revolving
Estimated Equity
$171,733

Purchase Details

Closed on
Jul 19, 2016
Sold by
Dorrell Peter
Bought by
Dorrell John

Purchase Details

Listed on
May 7, 2014
Closed on
Dec 30, 2014
Sold by
Pigmar Llc
Bought by
Dorrell Peter and Dorrell Nancy
Seller's Agent
Brian Whidden
Sperry CGA Whidden Properties
List Price
$170,000
Sold Price
$150,000
Premium/Discount to List
-$20,000
-11.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.15%
Original Mortgage
$120,000
Interest Rate
3.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 22, 2005
Sold by
Pigeon Daniel L
Bought by
Pigmar Llc

Purchase Details

Closed on
Jun 3, 2005
Sold by
Bird Alonzo J
Bought by
Pigeon Daniel L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
5.66%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 2, 2002
Sold by
Bird Kendall
Bought by
Bird Alonzo Jacob

Purchase Details

Closed on
Dec 10, 2001
Sold by
Bird Kendall Paige
Bought by
Bird Alonzo Jacob

Purchase Details

Closed on
Feb 12, 1999
Sold by
Larkin Donald W
Bought by
Bird Alonzo J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.84%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 5, 1997
Sold by
Zimmerman Sherrill E
Bought by
Larkin Donald
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
Melliza Properties Llc $360,000 New Title Company Name
Dorrell John -- --
Dorrell Peter $150,000 --
Pigmar Llc -- --
Pigeon Daniel L $135,000 --
Bird Alonzo Jacob -- --
Bird Alonzo Jacob -- --
Bird Alonzo J $127,500 --
Larkin Donald $89,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Melliza Properties Llc $270,000
Previous Owner Dorrell Peter $120,000
Previous Owner Dorrell Peter $15,000
Previous Owner Pigmar Llc $127,200
Previous Owner Larkin Donald $108,000
Previous Owner Larkin Donald $100,000
Previous Owner Larkin Donald $25,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2022 09/20/22 Off Market $360,000 -- --
09/16/2022 09/16/22 Sold $360,000 0.0% --
08/04/2022 08/04/22 For Sale $360,000 +140.0% --
12/30/2014 12/30/14 Sold $150,000 -11.8% --
11/25/2014 11/25/14 Pending -- -- --
05/07/2014 05/07/14 For Sale $170,000 -- --
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 $1,522 $119,320 $20,720 $98,600
2022 $1,522 $70,800 $10,840 $59,960
2021 $2,687 $69,240 $10,840 $58,400
2020 $2,673 $69,240 $10,840 $58,400
2019 $1,410 $69,240 $10,840 $58,400
2018 $2,530 $59,240 $10,840 $48,400
2017 $2,530 $59,240 $10,840 $48,400
2016 $2,518 $59,240 $10,840 $48,400
2015 $2,281 $59,240 $10,840 $48,400
2014 $2,133 $59,240 $10,840 $48,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9941714

Tennessee/Virginia Regional MLS

APN: 054D-E-033.00