NOT LISTED FOR SALE

352 Scioto Rd Unicoi, TN 37692

Estimated Value: $296,000 - $319,882

-- Bed
-- Bath
-- Sq Ft
3.89 Acres

Last Sold May 24, 2022

Last sale price $300,000

Est. 3% increase in value since last sale

Current estimated payment $1,739/month

16 Days on Market

About This Home

As of May 2022

Sciota Woods is a small, family owned mobile home park in beautiful Unicoi, Tennessee. The park has 15 usable single wide lots on 3.86 unrestricted acres with a quaint creek. It sits in a nice upscale neighborhood in the Cherokee National Forest. The trailers are owned by the tenants and do not convey with the sale. The current monthly lot fee is $165 per lot with month-to-month leases. Local comparison lot fees are $230. There are two trailers per septic system. All utilities are underground including city water and fiber optic high-speed internet. The tenants pay their own separately metered utility bills and maintain their own yards and driveways. Tenants take their trash to the local convenience center up the road. The owner does maintain the gravel roads throughout the park. There's additional space to add an owner/occupied home. Thirteen of the fifteen lots are currently occupied. The Seller had left one reserved for personal use (the shed on this first lot will be moved prior to closing). You could add another couple of homes or have some long or short term RV rentals fill the space right away.

Annual fixed expenses and taxes currently total less than $3,000 per year. A new owner could leave it as it is or there's great potential to convert it to an RV park, tiny house, cottage community, or a combination of all of the above. It's an easy 20 minutes to downtown Johnson City, TN and 1 hour to Asheville, NC. Close to shopping, outdoor adventures, Alexander State Park, Mountain Home Veterans Hospital and East Tennessee State University. ''A nice place to call home''.

Last Agent to Sell the Property

KELLY JOHNSON

Michael Walker Realty & Auction License #358306 Listed on: 03/16/2022

Last Buyer's Agent

Non Member

Non Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,337

Year Built

  • Built in 1995

Lot Details

  • 3.89 Acre Lot
  • Level Lot

Parking

  • Gravel Driveway

Schools

  • Unicoi Elementary School
  • Unicoi Co Middle School
  • Unicoi Co High School

Utilities

  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 008 123.02

Community Details

Overview

  • 15 Units

Building Details

  • Operating Expense $3,000
  • Gross Income $26,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,337

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Directions: NOT GPS friendly. From Johnson City take I-26 E/US-23 S to State Hwy 173 in Unicoi. Take exit 32 from I-26 E/US-23 S. Turn left onto State Hwy 173. Turn right onto Unicoi Dr. Turn left onto TN-107 E. Turn left onto Scioto Rd. You will see the Sciota Woods sign on the right hand side of the road.
  • Prop. Type: Residential Income
  • Year Built: 1995
  • Body Type: Single Wide
  • Property Sub Type: Other
  • Subdivision Name: Not In Subdivision
  • Architectural Style: See Remarks
  • Location Tax Legal Info Parcel ID: 008 123.02
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 3.89
  • General Property Description Zoning2: N/A
  • General Property Description Elementary School3: Unicoi
  • General Property Description Middle School2: Unicoi Co
  • General Property Description High School3: Unicoi Co
  • Water Public: Yes
  • General Property Description Lot Dimensions: 268x714x341x476 IRR
  • TopographyLot Description Level2: Yes
  • Utilities Cable Available: Yes
  • Body Type Single Wide: Yes
  • General Property Description Total Units: 15
  • Special Features: None

Exterior Features

  • Lot Features: Level
  • Exterior Features: Other
  • Acres: 3.89
  • Construction Type: See Remarks
  • Construction:Manufactured: Yes

Garage/Parking

  • Parking Features: Gravel, Parking Spaces
  • Attached Garage: No
  • Parking Features:Gravel: Yes
  • Parking Features:Parking Spaces: Yes

Utilities

  • Heating: See Remarks
  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Cooling: See Remarks
  • Water Source: Public
  • Sewer Septic Tank: Yes
  • Heating:See Remarks10: Yes

Schools

  • Elementary School: Unicoi
  • High School: Unicoi Co
  • Middle Or Junior School: Unicoi Co

Lot Info

  • Zoning: N/A
  • Lot Dimensions: 268x714x341x476 IRR
  • Lot Size Sq Ft: 169448.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 008 123.02
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 26000.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2008
Sold by
Vance Jerry W
Bought by
Poulin Arthur A
Current Estimated Value
$307,941

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$35,000
Interest Rate
5.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 29, 1999
Sold by
Sciota Woods Inc
Bought by
Jerry Vance
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Poulin Arthur A $157,500 --
Jerry Vance $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Jerry Vance $35,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2022 05/24/22 Sold $300,000 -10.4% --
04/02/2022 04/02/22 Pending -- -- --
03/16/2022 03/16/22 For Sale $335,000 -- --
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 $1,337 $51,200 $32,080 $19,120
2023 $1,337 $51,200 $0 $0
2022 $1,203 $51,200 $32,080 $19,120
2021 $1,583 $55,480 $32,080 $23,400
2020 $1,489 $55,480 $32,080 $23,400
2019 $1,489 $55,480 $32,080 $23,400
2018 $1,609 $55,480 $32,080 $23,400
2017 $1,609 $59,960 $36,560 $23,400
2016 $1,581 $58,920 $32,120 $26,800
2015 $1,581 $58,920 $0 $0
2014 $1,581 $58,920 $0 $0
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9935094

Tennessee/Virginia Regional MLS

APN: 008-12302-000