NOT LISTED FOR SALE

218 George Bates Rd Benton, TN 37307

Estimated Value: $120,000 - $149,324

Studio
2 Baths
1,664 Sq Ft
$83/Sq Ft Est. Value

Last Sold May 17, 2022

Last sale price $107,000 $64 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $808/month

87 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Property has 3 Levels

About This Home

As of May 2022

Rare opportunity to own your own income producing property! The left side is vacant and the right side is occupied. This tenant currently pays $125 per week and would like to stay, but there is no written lease agreement in place. Located on a DOUBLE lot- providing plenty of opportunity for the future buyer. Level corner lot, LOW county taxes and excellent school zones. Low maintenance metal roof and laminate flooring. Call for a private showing today!

Last Agent to Sell the Property

Iris Rodger

Greater Downtown Realty dba Keller Williams Realty Brokerage Phone: 4235047507 License #304956 Listed on: 12/16/2021

Greater Downtown Realty dba Keller Williams Realty

Last Buyer's Agent

Ralph Maples

Coldwell Banker Pryor Realty Inc. License #395587,351477

Coldwell Banker Pryor Realty Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $715

Year Built

  • Built in 1979

Lot Details

  • Lot Dimensions are 100 x 200

Home Design

  • Duplex
  • Metal Roof

Interior Spaces

  • 1,664 Sq Ft Home
  • Property has 3 Levels

Schools

  • Copper Basin Elementary School
  • Chilhowee Middle School
  • Polk County High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 036B C 00100 000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Crowe Hill Subdivision

Building Details

  • Gross Income $6,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$715

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1979
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Building Area Units: Square Feet
  • Living Area: 1664
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Other
  • Pool Private: No
  • Roof: Metal
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Detached

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 100 X 200
  • Lot Size Units: Acres
  • Parcel #: 036B C 00100 000
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 6900
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 715

MLS Schools

  • Elementary School: Copper Basin Elementary School
  • High School: Polk County High School
  • Middle Or Junior School: Chilhowee Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2021
Closed on
May 17, 2022
Sold by
Woodlake Holdings Llc
Bought by
Gonzalez Lucia Candelaria K
Seller's Agent
Iris Rodger
Greater Downtown Realty dba Keller Williams Realty
Buyer's Agent
Ralph Maples
Coldwell Banker Pryor Realty Inc.
List Price
$199,900
Sold Price
$107,000
Premium/Discount to List
-$92,900
-46.47%
Current Estimated Value
$143,971

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,971
Avg. Annual Appreciation
7.19%
Original Mortgage
$105,061
Outstanding Balance
$99,565
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$38,876

Purchase Details

Closed on
Aug 3, 2021
Sold by
Lamb James Edward
Bought by
Woodlake Holdings Llc

Purchase Details

Closed on
Aug 23, 2013
Sold by
Lamb Jayson
Bought by
Lamb James Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,874
Interest Rate
4.31%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 30, 2010
Sold by
Qualls Alys
Bought by
Lamb Jayson

Purchase Details

Closed on
Jul 20, 2007
Sold by
John Robinson
Bought by
Reece Richard J

Purchase Details

Closed on
Jan 9, 1998
Sold by
Lake Campbell Cove
Bought by
Ralph Herrlin and Ralph Doris

Purchase Details

Closed on
Jun 12, 1987

Purchase Details

Closed on
Sep 19, 1978
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Gonzalez Lucia Candelaria K $107,000 Title Guaranty & Trust
Woodlake Holdings Llc $59,000 None Available
Lamb James Edward -- --
Lamb Jayson $52,000 --
Reece Richard J $654,000 --
Ralph Herrlin $33,000 --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Lucia Candelaria K $105,061
Previous Owner Lamb James Edward $58,874
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2022 05/17/22 Sold $107,000 -46.5% $64 / Sq Ft
03/13/2022 03/13/22 Pending -- -- --
12/16/2021 12/16/21 For Sale $199,900 -- $120 / Sq Ft
Source: Realtracs

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
2025 $735 $47,480 $4,400 $43,080
2024 $735 $43,480 $4,400 $39,080
2023 $735 $43,480 $0 $0
2022 $714 $28,440 $4,400 $24,040
2021 $714 $28,440 $4,400 $24,040
2020 $714 $28,440 $4,400 $24,040
2019 $714 $28,440 $4,400 $24,040
2018 $714 $28,440 $4,400 $24,040
2017 $872 $34,560 $6,400 $28,160
2016 $830 $34,560 $6,400 $28,160
2015 $830 $34,560 $6,400 $28,160
2014 $830 $34,564 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2387267

Realtracs

APN: 036B-C-001.00