NOT LISTED FOR SALE

3714 Memorial Blvd Unit 3814 Kingsport, TN 37664

Estimated Value: $412,000 - $1,925,666

-- Bed
3 Baths
4,050 Sq Ft
$308/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $1,000,000 $247 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $7,676/month

586 Days on Market

Highlights

  • Cooling Available
  • 1-Story Property
  • Heating Available
  • Thomas Jefferson Elementary School Rated A-

About This Home

As of July 2021

***Please call List Agent for all Showings 423-737-0001*** Heres the opportunity youve been waiting for! Break into the highly desirable Kingsport rental market with this unique property. 26 total units comprised of 19 studio apartments, two 1 bedrooms, a 2 bedroom unit with 3 car drive under garage, a 4 bedroom 3 bath vintage home with a 2 bedroom separate addition, and a duplex with 2 two bedroom townhouse units. Something for everyone! Owner agent, all info obtained from CRS Buyer/buyers agent to confirm all information.CAP Rate is 9.06%!!Well established property in convenient location. Property is in excellent condition, has a great rental history and low vacancy rate. This one wont last long! Call today for more information and to schedule a showing.

Last Agent to Sell the Property

MARK DISHMAN II

Crye-Leike Realtors Listed on: 09/24/2019

Crye-Leike Realtors

Last Buyer's Agent

MARK DISHMAN II

Crye-Leike Realtors Listed on: 09/24/2019

Crye-Leike Realtors

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1986

Lot Details

  • 4.7

Home Design

  • Duplex
  • Brick Exterior Construction
  • Vinyl Siding

Schools

  • Johnson Elementary School
  • Robinson Middle School
  • Dobyns Bennett High School

Utilities

  • Cooling Available
  • Heating Available

Additional Features

  • 1-Story Property
  • 4.7 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 062G C 051

Community Details

Overview

  • 5 Buildings
  • 26 Units

Building Details

  • Operating Expense $26,292
  • Gross Income $135,108
  • Net Operating Income $108,816

Property Details

Home Type

Multi-Family

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Directions: John B Dennis Hwy. Take exit to Memorial Blvd. Property on the left.
  • Prop. Type: Residential Income
  • Year Built: 1986
  • Property Sub Type: Multi-Family
  • Architectural Style: Duplex
  • Unit Levels: One
  • Location Tax Legal Info Parcel ID: 062G C 051
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 4.7
  • General Property Description Zoning2: Multi Family
  • General Property Description Elementary School3: Johnson
  • General Property Description Middle School2: Robinson
  • General Property Description High School3: Dobyns Bennett
  • General Property Description Lot Dimensions: 4.7 acres
  • General Property Description # Buildings: 5
  • General Property Description Total Units: 26
  • Style Duplex: Yes
  • Levels One: Yes
  • Special Features: None

Exterior Features

  • Acres: 4.7
  • Construction Type: Brick, Vinyl Siding
  • Exterior Finish Brick4: Yes
  • Exterior Finish Vinyl Siding: Yes

Utilities

  • Cooling: Other, See Remarks
  • Cooling Y N: Yes

Schools

  • Elementary School: Johnson
  • High School: Dobyns Bennett
  • Middle Or Junior School: Robinson

Lot Info

  • Zoning: Multi Family
  • Lot Dimensions: 4.7 acres
  • Lot Size Sq Ft: 204732.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 062G C 051
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 135108.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2023
Sold by
Gremor Investments Llc
Bought by
Newo-Alpine View Llc
Current Estimated Value
$1,248,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,140,000
Outstanding Balance
$1,109,063
Interest Rate
6.73%
Mortgage Type
New Conventional
Estimated Equity
$139,492

Purchase Details

Listed on
Sep 24, 2019
Closed on
Jul 16, 2021
Sold by
Dishman Boyd M and Dishman Elizabeth A
Bought by
Gremor Investments Llc
Seller's Agent
MARK DISHMAN II
Crye-Leike Realtors
Buyer's Agent
MARK DISHMAN II
Crye-Leike Realtors
List Price
$1,200,000
Sold Price
$1,000,000
Premium/Discount to List
-$200,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.31%
Original Mortgage
$850,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 24, 2007
Sold by
Harper Development Llc
Bought by
Dishman Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$599,250
Interest Rate
6.11%

Purchase Details

Closed on
Apr 25, 2003

Purchase Details

Closed on
Feb 8, 2002
Sold by
Frank Gibson
Bought by
Marvin Ladd

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
7.02%
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
Newo-Alpine View Llc $1,900,000 None Listed On Document
Gremor Investments Llc $1,000,000 None Available
Dishman Elizabeth A $705,000 --
-- $525,000 --
Marvin Ladd $480,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Newo-Alpine View Llc $1,140,000
Previous Owner Gremor Investments Llc $850,000
Previous Owner Marvin Ladd $599,250
Previous Owner Marvin Ladd $113,430
Previous Owner Marvin Ladd $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2021 07/16/21 Sold $1,000,000 -16.7% $247 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
09/24/2019 09/24/19 For Sale $1,200,000 -- $296 / 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 -- $307,320 $47,240 $260,080
2023 $13,536 $307,320 $47,240 $260,080
2022 $13,536 $307,320 $47,240 $260,080
2021 $13,166 $307,320 $47,240 $260,080
2020 $7,487 $307,320 $47,240 $260,080
2019 $13,501 $291,320 $47,240 $244,080
2018 $13,183 $291,320 $47,240 $244,080
2017 $13,183 $291,320 $47,240 $244,080
2016 $13,509 $290,800 $47,280 $243,520
2014 -- $290,806 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    MARK DISHMAN II

    Crye-Leike Realtors

    (423) 737-0001

    23 Total Sales

    MARK DISHMAN II
    Section Image
See All Agents

Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 427718

Tennessee/Virginia Regional MLS

APN: 062G-C-051.00

Tennessee Sullivan County Kingsport 37664

3714 Memorial Blvd Unit 3814, Kingsport, TN

This home is located at 3714 Memorial Blvd Unit 3814, Kingsport, TN 37664 since 24 September 2019 and is currently estimated at $1,248,555, approximately $308 per square foot. This property was built in 1986. 3714 Memorial Blvd Unit 3814 is a home located in Sullivan County with nearby schools including Thomas Jefferson Elementary School, Ross N. Robinson Middle School, and Dobyns-Bennett High School.

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.

Tennessee/Virginia Regional 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. Some or all of the listings displayed may not belong to the firm whose website is being visited
Listing information is deemed reliable, but not guaranteed.

Nearby Homes