NOT LISTED FOR SALE

407 Matson Rd Unit 1&2 Jonesborough, TN 37659

Estimated Value: $384,000 - $422,000

-- Bed
3 Baths
-- Sq Ft
0.64 Acres

Last Sold July 20, 2018

Last sale price $155,000

Est. 161% increase in value since last sale

Current estimated payment $2,323/month

5 Days on Market

Highlights

  • Deck
  • Double Pane Windows
  • Central Air
  • Eat-In Kitchen
  • Patio
  • Ceiling Fan

About This Home

As of July 2018

Whether an investor or owner occupant, this duplex is in good condition and is conventiently located between Johnson City and Jonesborough. Unit #1 offers 2 BR, 1 BA, eat-in kitchen with appliances and living room on the main level. Basement offers another bedroom, den and unfinished area with washer/dryer hookups and storage and an exterior door to concrete patio. Unit #2 offers 2 BR, 1 BA, eat-in kitchen with appliances and living room on the main level. Basement is unfinished with washer/dryer hookups and offers great storage/workshop or expansion potential. Each unit has a heat pump, insulated windows and rear deck with great mountain views. "ALL INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED".

Last Agent to Sell the Property

Nancy Rowe

Willow Realty License #207328 Listed on: 06/01/2018

Last Buyer's Agent

Colin Johnson

KW Johnson City License #281993

KW Johnson City

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,153

Year Built

  • Built in 1990

Lot Details

  • 0.64 Acre Lot
  • Level Lot
  • Property is in good condition

Home Design

  • Duplex
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Storm Doors
  • Washer and Gas Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Outdoor Features

  • Deck
  • Patio

Schools

  • Jonesborough Elementary And Middle School
  • David Crockett High School

Utilities

  • Central Air
  • Heat Pump System
  • Septic Tank
  • Cable TV Available

Community Details

  • Gross Income $17,400
  • Net Operating Income $14,970

Listing and Financial Details

  • Assessor Parcel Number 061H A 017.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,153

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Directions: State of Franklin to west on W Walnut St. Left on Matson Rd. Duplex on left.
  • Prop. Type: Residential Income
  • Year Built: 1990
  • Property Sub Type: Duplex
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 061H A 017.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.64
  • General Property Description Zoning2: RS
  • General Property Description Elementary School3: Jonesborough
  • General Property Description Middle School2: Jonesborough
  • General Property Description High School3: David Crockett
  • Property Condition Above Average: Yes
  • Water Public: Yes
  • General Property Description Lot Dimensions: 113.18X244.85 irr
  • AC Central Air: Yes
  • Appliances Refrigerators: Yes
  • TopographyLot Description Level2: Yes
  • Style Ranch: Yes
  • General Property Description Stories2: 1
  • Roof Composition: Yes
  • AC Ceiling Fan(s): Yes
  • TopographyLot Description Sloped: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Carpet: Yes
  • Flooring Laminate: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • General Property Description # Buildings: 1
  • Utilities Cable Connected2: Yes
  • Levels One: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Has Basement: Concrete, Full, Interior Entry, Walk-Out Access
  • Flooring: Carpet, Laminate
  • Interior Amenities: Eat-in Kitchen, Laminate Counters, Storm Door(s)
  • Window Features: Double Pane Windows
  • Interior Features:Eat-in Kitchen: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Laminate Counters: Yes
  • Basement:Interior Entry: Yes
  • Basement:Walk-Out Access: Yes
  • Appliances:Electric Range: Yes
  • InteriorFeatures:Storm Door(s): Yes
  • Basement:Concrete3: Yes
  • Full Basement: Yes

Exterior Features

  • Property Condition: Above Average
  • Roof: Composition
  • Lot Features: Sloped, Level
  • Acres: 0.64
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Deck, Patio
  • Exterior Finish Vinyl Siding: Yes
  • Window Features:Double Pane Windows: Yes
  • PorchPatioDeck Deck: Yes
  • PorchPatioDeck Patio: Yes

Garage/Parking

  • Parking Features: Asphalt, Parking Spaces
  • Attached Garage: No
  • Parking Features:Asphalt2: Yes
  • Parking Features:Parking Spaces: Yes

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Tank
  • Utilities: Cable Connected
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes

Schools

  • Elementary School: Jonesborough
  • High School: David Crockett
  • Middle Or Junior School: Jonesborough

Lot Info

  • Zoning: RS
  • Lot Dimensions: 113.18X244.85 irr
  • Lot Size Sq Ft: 27878.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 061H A 017.00
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 17400.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 17, 2023
Sold by
Kroeger Bradley T and Kroeger Jeannette A
Bought by
Smith Michael and Parsons Tiffany B
Current Estimated Value
$404,374

Purchase Details

Listed on
Jun 1, 2018
Closed on
Jul 20, 2018
Sold by
Young Robin Marlow
Bought by
Kroeger Bradley T and Kroeger Jeannette A
Seller's Agent
Nancy Rowe
Willow Realty
Buyer's Agent
Colin Johnson
KW Johnson City
List Price
$159,900
Sold Price
$155,000
Premium/Discount to List
-$4,900
-3.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.77%
Original Mortgage
$105,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 2014
Sold by
Cloudhill Properties Llc
Bought by
Young John L and Young Robin Marlow

Purchase Details

Closed on
Aug 23, 2011
Sold by
Young John L
Bought by
Cloudhill Properties Llc

Purchase Details

Closed on
Feb 27, 2009
Sold by
Stidham Deborah L
Bought by
Young John L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
5.14%

Purchase Details

Closed on
May 14, 2007
Sold by
Bird Alonzo J
Bought by
Stidham Deborah L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
6.17%

Purchase Details

Closed on
Sep 5, 1989
Bought by
Whitehead Allen and Whitehead Debbie

Purchase Details

Closed on
Oct 13, 1988
Bought by
Wilson Joe M and Malone Jerry
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
Smith Michael $315,000 --
Kroeger Bradley T $155,000 Classic Title Insurance Co
Young John L -- --
Cloudhill Properties Llc $125,000 --
Young John L $120,000 --
Stidham Deborah L $115,000 --
Whitehead Allen $6,000 --
Wilson Joe M $34,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kroeger Bradley T $105,000
Previous Owner Wilson Joe M $96,000
Previous Owner Wilson Joe M $103,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2018 07/20/18 Sold $155,000 -3.1% --
06/07/2018 06/07/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $159,900 -- --
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 $2,153 $125,920 $9,480 $116,440
2022 $1,413 $65,720 $7,120 $58,600
2021 $1,413 $65,720 $7,120 $58,600
2020 $1,413 $65,720 $7,120 $58,600
2019 $1,570 $65,720 $7,120 $58,600
2018 $1,570 $65,960 $7,120 $58,840
2017 $1,570 $65,960 $7,120 $58,840
2016 $1,570 $65,960 $7,120 $58,840
2015 $1,306 $65,960 $7,120 $58,840
2014 $1,306 $65,960 $7,120 $58,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 407730

Tennessee/Virginia Regional MLS

APN: 061H-A-017.00