NOT LISTED FOR SALE

Estimated Value: $775,660 - $788,000

-- Bed
8 Baths
2,950 Sq Ft
$265/Sq Ft Est. Value

Last Sold July 15, 2022

Last sale price $695,000 $236 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $4,643/month

136 Days on Market

Highlights

  • Open Floorplan
  • Mountain View
  • Eat-In Kitchen
  • South Side Elementary School Rated A
  • Wood Flooring
  • Built-In Features

About This Home

As of July 2022

Incredible Opportunity! Tree Streets 8-Plex Now Available. Locally referred to as ''The Hive'' is a very unique apartment building that offers both 1- and 2-bedroom apartments. Each unit has a different layout and each one has a lot of character. Several of the units have exposed brick and built-ins. Units have either hardwood floors, LVT or Tile floors. All of the units have Washer/Dryer hookups, Air Conditioning, Microwave, Range and Refrigerator.

Seller has remodeled and updated each unit over the past 2 years.
New metal roof installed in 2020.

Strong Rental History, Rents range from $750.00 to $900.00 per month.
Water, Sewer and Wi-Fi is included in the tenants rent. This multi-plex is within walking distance to Downtown Johnson City, two new City Parks (King Commons and Founders Park) and some of the best restaurants in the region. Call today for your private showing. 48 Hour Notice Required for Showings.

Rent Roll and Expenses Available Upon Request

Last Agent to Sell the Property

Sam Taylor

The Property Experts JC License #311578 Listed on: 11/18/2021

Co-Listed By

HAROLD ROSS

The Property Experts JC License #345109

Last Buyer's Agent

Sam Taylor

The Property Experts JC License #311578 Listed on: 11/18/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,249

Year Built

  • Built in 1913 | Remodeled

Lot Details

  • Lot Dimensions are 50 x 151
  • Sloped Lot
  • Property is in good condition

Home Design

  • Cluster Home
  • Brick Exterior Construction
  • Plaster Walls
  • Metal Roof

Interior Spaces

  • 2,950 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Built-In Features
  • Mountain Views
  • Washer and Electric Dryer Hookup
  • Finished Basement

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Kitchen Island

Flooring

  • Wood
  • Tile
  • Vinyl

Schools

  • South Side Elementary School
  • Indian Trail Middle School
  • Science Hill High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 054c J 005.00 000
  • Tax Block 17

Community Details

Overview

  • 8 Units
  • Tree Streets Subdivision

Building Details

  • Gross Income $60,825

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,249

Year Built

Built in 1913 | Remodeled

Lot Details

0

Listing Details

  • Directions: Buffalo to West Maple St GPS Friendly
  • Prop. Type: Residential Income
  • Year Built: 1913
  • Property Sub Type: Multi-Family
  • Co List Office Mls Id: 1079
  • Co List Office Phone: 423-631-0400
  • Subdivision Name: Tree Streets
  • Architectural Style: Cluster
  • Unit Levels: Two
  • New Construction: No
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Excluded From Sale A C Window Units: Yes
  • Special Features: None

Interior Features

  • Appliances: Microwave, Range, Refrigerator
  • Has Basement: Finished
  • Flooring: Vinyl, Tile, Hardwood
  • Interior Amenities: Built-in Features, Eat-in Kitchen, Kitchen Island, Open Floorplan, Remodeled
  • Interior Features:Eat-in Kitchen: Yes
  • Appliances Range: Yes
  • InteriorFeatures:Remodeled: Yes
  • Interior Features:Built-in Features: Yes
  • Interior Features:Open Floorplan: Yes
  • Interior Features:Kitchen Island: Yes
  • Basement:Basement Finished2: Yes

Exterior Features

  • Property Condition: Above Average, Updated/Remodeled
  • Roof: Metal
  • Lot Features: Sloped
  • View: Mountain(s)
  • Home Warranty: No
  • Construction Type: Brick, Plaster

Garage/Parking

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

Utilities

  • Heating: See Remarks
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Wall Unit(s), Window Unit(s)
  • Cooling Y N: Yes
  • Water Source: Public
  • Heating:See Remarks10: Yes

Schools

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

Lot Info

  • Zoning: R2
  • Lot Dimensions: 50 x 151
  • Parcel #: 054c J 005.00 000

Multi Family

  • Annual Gross Income: 60825.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2021
Closed on
Jul 15, 2022
Sold by
Brent Long
Bought by
Mob Properties 15 Llc
Seller's Agent
Sam Taylor
The Property Experts JC
Buyer's Agent
Sam Taylor
The Property Experts JC
List Price
$725,000
Sold Price
$695,000
Premium/Discount to List
-$30,000
-4.14%
Total Days on Market
136
Current Estimated Value
$781,830

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,830
Avg. Annual Appreciation
4.13%
Original Mortgage
$556,000
Outstanding Balance
$268,206
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$513,624

Purchase Details

Closed on
Jul 31, 2018
Sold by
Tree Street Rentals Llc
Bought by
Sangid Bryan Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 21, 2017
Sold by
Booth Richard L and The Richard L Booth Revocable
Bought by
Tree Street Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,090
Interest Rate
3.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 17, 2010
Sold by
Booth Richard
Bought by
Booth Richard L

Purchase Details

Closed on
Sep 20, 2005
Bought by
Booth Richard & Joe Ward Trustees
Source: Public Records

Range of Values:

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Average Value
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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
Mob Properties 15 Llc $695,000 Ensley Baker & Shade Pllc
Sangid Bryan Lee $238,865 None Available
Tree Street Rentals Llc $165,000 None Available
Booth Richard L -- --
Booth Richard & Joe Ward Trustees -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mob Properties 15 Llc $556,000
Previous Owner Long Brent $321,000
Previous Owner Long Brent $64,000
Previous Owner Sangid Bryan Lee $203,000
Previous Owner Tree Street Rentals Llc $116,090
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2022 07/15/22 Sold $695,000 0.0% $236 / Sq Ft
07/03/2022 07/03/22 Off Market $695,000 -- --
11/18/2021 11/18/21 For Sale $725,000 -- $246 / 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 $3,249 $190,000 $10,520 $179,480
2023 $3,135 $145,800 $0 $0
2022 $5,499 $141,720 $6,000 $135,720
2021 $3,956 $101,960 $5,960 $96,000
2020 $3,936 $101,960 $5,960 $96,000
2019 $1,743 $101,960 $5,960 $96,000
2018 $3,127 $73,240 $5,960 $67,280
2017 $3,127 $73,240 $5,960 $67,280
2016 $3,113 $73,240 $5,960 $67,280
2015 $2,820 $73,240 $5,960 $67,280
2014 $2,636 $73,240 $5,960 $67,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9931202

Tennessee/Virginia Regional MLS

APN: 054C-J-005.00