Seller's Agent in 2022
Jay Goodson
RE/MAX
(423) 612-3035
43 Total Sales
360 Sneed Hill Rd Elizabethton, TN 37643
Estimated Value: $445,000 - $447,073
--
Bed
10
Baths
3,200
Sq Ft
$139/Sq Ft
Est. Value
Highlights
- Deck
- Outdoor Storage
- Baseboard Heating
- Rear Porch
About This Home
As of June 2022Passive income investment property with low rents and future income
potential. Currently 100% occupied, and vacancies last only a few days. ten
units are up and down townhomes in three seperate buildings on 1.5 acres,
2 bedroom, 1 bath homes. Gross rents at current Rent roll equal $55,800/year. Cap rate with no management company currently
listed at 7.9% for 2021 numbers, and a net operating income of
$30,500. Future income potential.
9 out of 10 units have been renovated since 2017, and capital expenditures
have been paid for electrical power panel, plumbing drainage lines, and
base board heaters replaced in 2017.
Most leases are now month to month.
Tenant pays electrical (other than basement meter), and Landlord pays
water and trash. Units do not have washer dryer hook up; A/C provided by
tenants via window units.
Last Agent to Sell the Property
REMAX Checkmate, Inc. Realtors License #329807 Listed on: 04/26/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,467
Year Built
- Built in 1978 | Remodeled
Lot Details
- 1.5 Acre Lot
- Sloped Lot
- Property is in average condition
Home Design
- Brick Exterior Construction
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 3,200 Sq Ft Home
- 2-Story Property
- Range
Outdoor Features
- Deck
- Outdoor Storage
- Rear Porch
Schools
- Happy Valley Elementary And Middle School
- Happy Valley High School
Utilities
- No Cooling
- Baseboard Heating
- Septic Tank
Listing and Financial Details
- Assessor Parcel Number 049 048.02
Community Details
Overview
- 3 Buildings
- 10 Units
Building Details
- Utility Expense $8,221
- Operating Expense $16,755
- Gross Income $52,220
- Net Operating Income $35,465
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 26, 2022
Closed on
May 11, 2022
Sold by
Red Door Enterprises Llc
Bought by
Miller Shawn
Seller's Agent
Jay Goodson
REMAX Checkmate, Inc. Realtors
Buyer's Agent
Laura Meade
Property Advisors
List Price
$385,000
Sold Price
$365,000
Premium/Discount to List
-$20,000
-5.19%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,037
Avg. Annual Appreciation
6.07%
Purchase Details
Closed on
Jan 9, 2018
Sold by
Wilkes Warren
Bought by
Red Door Enterprises Llc
Purchase Details
Listed on
Oct 19, 2015
Closed on
May 2, 2016
Sold by
Hensley Ronald C
Bought by
Wilkes Warren
Seller's Agent
LISTINGS TRANSFERRED
RE/MAX Preferred
Buyer's Agent
GLENN PERKINS
TCI Group - Jerry Petzoldt Agency, LLC
List Price
$359,900
Sold Price
$285,000
Premium/Discount to List
-$74,900
-20.81%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.81%
Original Mortgage
$146,860
Interest Rate
3.71%
Mortgage Type
Commercial
Purchase Details
Closed on
Nov 1, 1988
Bought by
Hensley Ron
Purchase Details
Closed on
Jan 6, 1981
Bought by
Hensley Ron
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 |
|---|---|---|---|
| Miller Shawn | $365,000 | Foundation Title & Escrow | |
| Red Door Enterprises Llc | -- | None Available | |
| Wilkes Warren | $285,000 | -- | |
| Hensley Ron | $150,000 | -- | |
| Hensley Ron | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Wilkes Warren | $146,860 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/21/2022 06/21/22 | Sold | $365,000 | 0.0% | $114 / Sq Ft | |
| 05/11/2022 05/11/22 | Sold | $365,000 | -5.2% | $114 / Sq Ft | View Prior Sale |
| 04/27/2022 04/27/22 | Pending | -- | -- | -- | |
| 04/26/2022 04/26/22 | For Sale | $385,000 | -9.4% | $120 / Sq Ft | |
| 09/06/2021 09/06/21 | Pending | -- | -- | -- | |
| 08/08/2021 08/08/21 | For Sale | $425,000 | +49.1% | $133 / Sq Ft | |
| 05/02/2016 05/02/16 | Sold | $285,000 | -20.8% | -- | View Prior Sale |
| 04/03/2016 04/03/16 | Pending | -- | -- | -- | |
| 10/19/2015 10/19/15 | For Sale | $359,900 | -- | -- |
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 | $2,467 | $114,120 | $10,800 | $103,320 |
| 2023 | $2,467 | $114,120 | $0 | $0 |
| 2022 | $2,297 | $113,160 | $10,800 | $102,360 |
| 2021 | $2,297 | $113,160 | $10,800 | $102,360 |
| 2020 | $2,765 | $113,160 | $10,800 | $102,360 |
| 2019 | $2,765 | $111,960 | $10,520 | $101,440 |
| 2018 | $2,765 | $111,960 | $10,520 | $101,440 |
| 2017 | $2,765 | $111,960 | $10,520 | $101,440 |
| 2016 | $2,743 | $111,960 | $10,520 | $101,440 |
| 2015 | $2,743 | $111,960 | $10,520 | $101,440 |
| 2014 | $2,528 | $103,200 | $10,640 | $92,560 |
Source: Public Records
Agents Affiliated with this Home
-
Jay Goodson
-
Laura Meade
L
Buyer's Agent in 2022
Laura Meade
Property Advisors
(423) 480-3749
130 Total Sales
-
L
Seller's Agent in 2016
LISTINGS TRANSFERRED
RE/MAX Preferred
-
G
Buyer's Agent in 2016
GLENN PERKINS
TCI Group - Jerry Petzoldt Agency, LLC
Map
Source: Tennessee/Virginia Regional MLS
MLS Number: 9936953
APN: 049-048.02
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