NOT LISTED FOR SALE

3245 Highway 61 E Luttrell, TN 37779

Estimated Value: $244,454

-- Bed
4 Baths
2,803 Sq Ft
$87/Sq Ft Est. Value

Last Sold March 22, 2023

Last sale price $187,500 $67 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,343/month

37 Days on Market

About This Home

As of March 2023

Motivated seller! Great Investment property or live in one side and rent the other side to help with mortgage. Each unit features 2 bedroom 1 bath. Bring all offers, property sold as is

Last Agent to Sell the Property

Tammy Drain

Knox Properties Realty License #303342 Listed on: 11/09/2022

Last Buyer's Agent

Katina Ramsey

Century 21 Legacy License #256574

Century 21 Legacy

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 0.3

Parking

  • On-Site Parking

Home Design

  • 2,803 Sq Ft Home
  • Duplex
  • Garden Apartment
  • Brick Exterior Construction
  • Shingle Roof

Flooring

  • Carpet
  • Laminate

Schools

  • Luttrell Elementary School
  • H Maynard Middle School
  • Union County High School

Additional Features

  • 0.3 Acre Lot
  • Central Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 073KA00100

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Directions: North on Tazewell Pike to Right on Hwy 61 property on left
  • Prop. Type: Multi-Family
  • Year Built: 1968
  • Lot Size Acres: 0.3
  • Lot Size: 0
  • General Property Description:Lot Size SqFt: 13068.0
  • Contract Info:List PriceSqFt2: 66.0
  • Cooling:Central Cooling: Yes
  • Floors:Carpet: Yes
  • Fuel:Electric: Yes
  • Heat:Central: Yes
  • Floors:Laminate: Yes
  • Siding:Brick2: Yes
  • General Property Description:Driveway: 0
  • Roof:Shingle: Yes
  • Property Sub-Type:Duplex: Yes
  • Type of Units:Garden: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Laminate, Carpet
  • Other Rooms:Mstr Bdrm Main Level: Yes

Exterior Features

  • Construction Type: Brick
  • Construction:Frame - Brick: Yes

Garage/Parking

  • GarageParking:On Premise Parking: Yes

Utilities

  • Heating: Central
  • Heating Yn: Yes

Schools

  • Elementary School: Luttrell
  • High School: Union County
  • Middle Or Junior School: H Maynard

Lot Info

  • Lot Size Sq Ft: 13068.0
  • Parcel #: 073KA00100
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2022
Closed on
Mar 22, 2023
Sold by
Norton Thomas
Bought by
Strong Denver
Seller's Agent
Tammy Drain
Knox Properties Realty
Buyer's Agent
Katina Ramsey
Century 21 Legacy
List Price
$250,000
Sold Price
$187,500
Premium/Discount to List
-$62,500
-25%
Views
35
Current Estimated Value
$244,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,954
Avg. Annual Appreciation
10.53%
Original Mortgage
$181,242
Outstanding Balance
$173,969
Interest Rate
5.13%
Mortgage Type
FHA
Estimated Equity
$73,437

Purchase Details

Closed on
Dec 17, 2009
Sold by
Loy Linda
Bought by
Loy Charles

Purchase Details

Closed on
Oct 12, 1982
Bought by
Phipps Ruth
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Strong Denver $187,500 None Listed On Document
Loy Charles -- --
Loy Charles -- --
Phipps Ruth -- --
Phipps Ruth -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Strong Denver $181,242
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2023 03/22/23 Sold $187,500 +1.4% $67 / Sq Ft
12/17/2022 12/17/22 Pending -- -- --
12/14/2022 12/14/22 Price Changed $185,000 -4.9% $66 / Sq Ft
12/07/2022 12/07/22 Price Changed $194,500 -11.2% $69 / Sq Ft
11/16/2022 11/16/22 Price Changed $219,000 -12.4% $78 / Sq Ft
11/09/2022 11/09/22 For Sale $250,000 -- $89 / Sq Ft
Source: East Tennessee REALTORS® 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
2025 $796 $41,900 $0 $0
2024 $796 $41,900 $3,350 $38,550
2023 $796 $41,900 $3,350 $38,550
2022 $675 $42,475 $3,925 $38,550
2021 $680 $31,800 $2,025 $29,775
2020 $680 $31,800 $2,025 $29,775
2019 $680 $31,800 $2,025 $29,775
2018 $680 $31,800 $2,025 $29,775
2017 $680 $31,800 $2,025 $29,775
2016 $646 $29,750 $2,150 $27,600
2015 $646 $29,750 $2,150 $27,600
2014 $533 $29,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Tammy Drain

    Knox Properties Realty

    (865) 382-1101

    1 in this area

    12 Total Sales

    Tammy Drain
    Section Image
  • Katina Ramsey

    Buyer's Agent in 2023

    Katina Ramsey

    Century 21 Legacy

    (865) 466-7572

    1 in this area

    119 Total Sales

    Katina Ramsey
    Section Image
See All Agents

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1211245

East Tennessee REALTORS® MLS

APN: 073K-A-001.00

Tennessee Union County Luttrell 37779

3245 Highway 61 E, Luttrell, TN

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

East Tennessee REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.

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