Seller's Agent in 2019
Sherry Ludecker
KW Johnson City
(423) 742-5757
240 Total Sales
240 2nd Ave Unit 1 Bristol, TN 37620
Estimated Value: $498,000 - $655,000
--
Bed
--
Bath
--
Sq Ft
2.6
Acres
Highlights
- Workshop
- Patio
- Baseboard Heating
- Window Unit Cooling System
- Shed
- Level Lot
About This Home
As of August 2019Unique income-producing property with tons of opportunity and low county taxes! Property consists of a large single family home with hardwood floors, massive living room, dining area with fireplace, large kitchen, 3 bedrooms and 3.5 baths. Upper level also has 3 attached rental properties including 2, 2bdrm/1bath apartments and 1, studio-sized 1/1 unit. Lower level has 3 apartments. Two are 2/1s and One is a 1/1. All units are clean and vacant and equipped with all appliances. Rental income for all 7 units has been $4300. (Original owner lived in the main house and lived for free while renting out the other units) Duplex at the rear of the property is in need of significant repairs and is not included with price or square footage. 20'x80' storage building on the property is zoned as commercial. Property has 4 septic tanks and previously had a number of mobile homes onsite. Mobile home pads are vacant but still have some of the electrical connections in place. Entire property had a new roof and guttering within past 5 yrs; Commercial building also has a 5yr old roof. Property is located 6.9 miles from the Bristol Motor Speedway. Endless possibilities in a peaceful area of Bristol County with no City Tax. All information is deemed to be accurate but should be verified by Buyer or Buyer's Agent.
Last Agent to Sell the Property
KW Johnson City License #326248 Listed on: 05/01/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,152
Year Built
- Built in 1990
Lot Details
- 2.6 Acre Lot
- Level Lot
- Property is in good condition
Parking
- Gravel Driveway
Home Design
- Brick Exterior Construction
- Shingle Roof
Interior Spaces
- 2-Story Property
- Living Room with Fireplace
- Workshop
- Electric Range
- Finished Basement
Outdoor Features
- Patio
- Shed
- Outbuilding
Schools
- Haynesfield Elementary School
- Vance Middle School
- Tennessee High School
Utilities
- Window Unit Cooling System
- Heat Pump System
- Baseboard Heating
- Septic Tank
Community Details
- 3 Buildings
Listing and Financial Details
- Assessor Parcel Number 053E B 010.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 5, 2020
Sold by
Kendrick Frank L and Kendrick Donna L
Bought by
Kendrick Frank L and Kendrick Donna L
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
2.7%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 1, 2019
Closed on
Aug 20, 2019
Sold by
Gentry Janice
Bought by
Kendrick Frank L and Kendrick Donna L
Seller's Agent
Sherry Ludecker
KW Johnson City
Buyer's Agent
Sherry Ludecker
KW Johnson City
List Price
$325,000
Sold Price
$280,000
Premium/Discount to List
-$45,000
-13.85%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.73%
Original Mortgage
$90,000
Interest Rate
3.8%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Dec 5, 2018
Sold by
Hutchison John
Bought by
Gentry Janice
Purchase Details
Closed on
Aug 25, 2014
Sold by
Potter Louise B
Bought by
Hutchinson John
Purchase Details
Closed on
Dec 13, 2012
Sold by
Potter Louise
Bought by
Gentry Janice
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kendrick Frank L | $130,000 | Servicelink | |
| Kendrick Frank L | $280,000 | None Available | |
| Gentry Janice | -- | None Available | |
| Hutchinson John | $325,000 | -- | |
| Potter Louise B | -- | -- | |
| Gentry Janice | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Kendrick Frank L | $160,000 | |
| Previous Owner | Kendrick Frank L | $90,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/20/2019 08/20/19 | Sold | $280,000 | -13.8% | -- |
| 06/28/2019 06/28/19 | Pending | -- | -- | -- |
| 05/01/2019 05/01/19 | For Sale | $325,000 | -- | -- |
Source: Tennessee/Virginia Regional MLS
Tax History Compared to Growth
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 | $2,152 | $86,200 | $6,375 | $79,825 |
| 2023 | $2,074 | $86,200 | $6,375 | $79,825 |
| 2022 | $2,074 | $86,200 | $6,375 | $79,825 |
| 2021 | $2,074 | $86,200 | $6,375 | $79,825 |
| 2020 | $2,071 | $86,200 | $6,375 | $79,825 |
| 2019 | $1,461 | $56,850 | $2,100 | $54,750 |
| 2018 | $1,450 | $56,850 | $2,100 | $54,750 |
| 2017 | $1,450 | $56,850 | $2,100 | $54,750 |
| 2016 | $1,490 | $57,850 | $2,100 | $55,750 |
| 2014 | $1,333 | $57,838 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Sherry Ludecker
Map
Source: Tennessee/Virginia Regional MLS
MLS Number: 420967
APN: 053E-B-010.00
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