NOT LISTED FOR SALE

2927 Watauga Rd Unit 12 Johnson City, TN 37601

Estimated Value: $225,000 - $289,000

3 Beds
2.5 Baths
1,428 Sq Ft
$179/Sq Ft Est. Value

Last Sold July 15, 2021

Last sale price $400,000 $280 Per Sq Ft

Est. 36% decrease in value since last sale

Current estimated payment $1,537/month

2 Days on Market

Highlights

  • Open Floorplan
  • Front Porch
  • Double Pane Windows
  • Fairmont Elementary School Rated A
  • Eat-In Kitchen
  • Walk-In Closet

About This Home

As of July 2021

Practically brand new condo in great Johnson City location! Over 1400 finished sq ft, 3BR / 2.5BA, single car garage - only built 2 years ago! Solid surface LVT flooring throughout, open kitchen with laminate counter tops, bar area seating and all appliances to convey. Kitchen opens to the large living room and breakfast nook with access to the back patio. Main level also has half bath. Upstairs features 3 bedrooms and 2 full bathrooms as well as laundry room. Master suite is large in size at 14' x 16', dual walk-in closets and private bathroom. Bedrooms 2&3 share a connected full bathroom as well. HOA of $125 month to take care of the outside for you. Radon mitigation system installed as well. Convenient location to Johnson City.

INVESTORS - These units will make a great addition to your portfolio. Owner also owns adjacent unit and would sell entire building. Building as a whole has 6.3% Cap rate.

Last Agent to Sell the Property

Matthew 'Matt' Lorencen

Foundation Realty Group License #330482 Listed on: 08/03/2021

Last Buyer's Agent

LINDSEY BELANGER

Property Executives Johnson City License #353017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $772

Year Built

  • Built in 2019

Lot Details

  • Landscaped
  • Level Lot
  • Property is in good condition

HOA Fees

  • $125 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Shared Driveway

Home Design

  • Slab Foundation
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 1,428 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Double Pane Windows
  • Insulated Windows
  • Window Treatments
  • Combination Kitchen and Dining Room
  • Vinyl Flooring
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Laminate Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Outdoor Features

  • Patio
  • Front Porch

Schools

  • Fairmont Elementary School
  • Indian Trail Middle School
  • Science Hill High School

Utilities

  • Central Heating and Cooling System

Community Details

  • Watauga Falls Subdivision
  • Planned Unit Development

Listing and Financial Details

  • Assessor Parcel Number 031o A 012.00 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$772

Year Built

Built in 2019

Lot Details

0

HOA Fees

$125 per month

Parking

1

Listing Details

  • Directions: From Johnson City turn onto E Oakland Ave. Left onto Lakeview Dr. Turn left onto Watauga Rd. Watauga Falls development on right. Unit 12.
  • Prop. Type: Residential
  • Building Stories: 2
  • Year Built: 2019
  • Garage Garage Spaces: 1
  • Property Sub Type: PUD
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Association Amenities: Landscaping
  • Subdivision Name: Watauga Falls
  • Architectural Style: PUD
  • Unit Levels: Two
  • New Construction: No
  • Reso Structure Type: House
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Zoning2: 0
  • General Property Description Elementary School3: Fairmont
  • General Property Description Middle School2: Indian Trail
  • General Property Description High School3: Science Hill
  • Property Condition Above Average: Yes
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 0
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 1428.0
  • General Property Description Above Grade SqFt: 1428.0
  • AC Central Air: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • TopographyLot Description Level2: Yes
  • General Property Description Parcel ID2: 031o A 012.00 000
  • General Property Description Stories2: 2
  • Interior Features KitchenDining Combo: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Other Rooms Laundry: Yes
  • General Property Description HOA Fee: 125.0
  • Flooring Vinyl: Yes
  • Foundation Slab: Yes
  • Style PUD: Yes
  • RoofAsphalt: Yes
  • Levels:Two: Yes
  • Structure Type:House: Yes
  • Security Features:Smoke Detector(s): Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Flooring: Vinyl
  • Interior Amenities: Eat-in Kitchen, Kitchen/Dining Combo, Laminate Counters, Open Floorplan, Walk-In Closet(s)
  • Window Features: Double Pane Windows, Insulated Windows, Window Treatments
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • General Property Description Baths - Full: 2
  • Interior Features:Eat-in Kitchen: Yes
  • Appliances Dishwasher: Yes
  • General Property Description Baths - 12: 1
  • Interior Features:Laminate Counters: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Interior Features:Open Floorplan: Yes
  • Appliances:Electric Range: Yes

Exterior Features

  • Property Condition: Above Average
  • Roof: Asphalt
  • Topography: Level
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Back, Front Porch, Patio
  • Exterior Finish Vinyl Siding: Yes
  • Window Features:Double Pane Windows: Yes
  • Window Features:Insulated Windows: Yes
  • PorchPatioDeck Back: Yes
  • PorchPatioDeck Front Porch: Yes
  • Window Features:Window Treatments: Yes
  • PorchPatioDeck Patio: Yes

Garage/Parking

  • Parking Features: Deeded, Concrete, Garage Door Opener, Shared Driveway
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Concrete2: Yes
  • Parking Features:Parking Spaces: Yes
  • Parking Features:Shared Driveway: Yes

Utilities

  • Heating: Central
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • Association Fee: 125.0
  • Association: Yes

Association/Amenities

  • AmenitiesLandscaping: Yes

Schools

  • Elementary School: Fairmont
  • High School: Science Hill
  • Middle Or Junior School: Indian Trail

Lot Info

  • Zoning: 0
  • Lot Dimensions: 0
  • Parcel #: 031o A 012.00 000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2021
Closed on
Jul 15, 2021
Sold by
Koonce James D and Koonce Amber S
Bought by
Vector Llc
Seller's Agent
Matthew 'Matt' Lorencen
Foundation Realty Group
Buyer's Agent
LINDSEY BELANGER
Property Executives Johnson City
List Price
$199,900
Sold Price
$400,000
Premium/Discount to List
$200,100
100.1%
Current Estimated Value
$255,321

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$144,679
Avg. Annual Appreciation
-9.74%
Original Mortgage
$320,000
Outstanding Balance
$281,383
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
-$26,062

Purchase Details

Closed on
Aug 5, 2019
Sold by
Orth Construction Company
Bought by
Koonce James D and Koonce Amber S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,200
Interest Rate
3.73%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vector Llc $400,000 Reliable Title & Escrow Llc
Koonce James D $290,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vector Llc $320,000
Previous Owner Koonce James D $196,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2021 07/15/21 Sold $400,000 +100.1% $280 / Sq Ft
06/07/2021 06/07/21 Pending -- -- --
06/04/2021 06/04/21 For Sale $199,900 -- $140 / Sq Ft
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 $772 $62,825 $2,500 $60,325
2022 $772 $35,925 $2,500 $33,425
2021 $1,394 $35,925 $2,500 $33,425
2020 $1,386 $35,925 $2,500 $33,425
2019 $0 $35,925 $2,500 $33,425
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Matthew 'Matt' Lorencen

    Foundation Realty Group

    (423) 741-1161

    144 Total Sales

    Matthew 'Matt' Lorencen
    Section Image

  • L

    Buyer's Agent in 2021

    LINDSEY BELANGER

    Property Executives Johnson City

    (423) 946-8869

    41 Total Sales

    LINDSEY BELANGER
    Section Image
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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9923588

Tennessee/Virginia Regional MLS

APN: 090031O A 01200

Tennessee Washington County Johnson City 37601

2927 Watauga Rd Unit 12, Johnson City, TN

Not Listed for Sale

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