NOT LISTED FOR SALE

412 E Watauga Ave Johnson City, TN 37601

Gump Addition-Carnegie Neighborhood

Estimated Value: $170,746 - $351,000

Studio
5 Baths
-- Sq Ft
7,405 Sq Ft Lot

Last Sold October 28, 2019

Last sale price $99,900

Est. 161% increase in value since last sale

Current estimated payment $1,523/month

Highlights

  • Wood Flooring
  • Paneling
  • Heating Available
  • North Side Elementary School Rated A-
  • Window Unit Cooling System

About This Home

As of October 2019

REDUCED! Excellent Investment! Income Opportunity! Great location just off I-26. Zoned RO-1 High Density Residential - Professional Office District, and there are a large variety of permitted uses. Currently configured as 4-5 residential rental units. Ideal for professional office on main level and residential units upstairs. Good solid structure needs some TLC. Power of Attorney is selling to provide for the care of the owner, who is in assisted living. Originally listed at $189,900. Drastically Reduced to $99,900!

Last Agent to Sell the Property

David Cole

Cole Inc. License #299499 Listed on: 10/02/2019

Last Buyer's Agent

Dan Rutledge

Tri-Cities Realty, Inc. License #12724

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50 x 150

Home Design

  • Plaster Walls
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Paneling
  • Unfinished Basement
  • Partial Basement

Flooring

  • Wood
  • Carpet
  • Vinyl

Schools

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

Utilities

  • Window Unit Cooling System
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 046E F 019.00

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

7,405 Sq Ft Lot

Listing Details

  • Directions: Exit 22 on I-26, take Rt. 400 (E Watauga Ave toward Elizabethton. Property is on the right in the first block after going under I-26.
  • Prop. Type: Residential Income
  • Year Built: 1920
  • Property Sub Type: Other
  • Unit Levels: Two
  • Location Tax Legal Info Parcel ID: 046E F 019.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.17
  • General Property Description Zoning2: RO-1
  • General Property Description Elementary School3: North Side
  • General Property Description Middle School2: Indian Trail
  • General Property Description High School3: Science Hill
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 50 x 150
  • Flooring Hardwood: Yes
  • General Property Description Stories2: 2
  • Flooring Carpet: Yes
  • Roof Metal3: Yes
  • Excluded From Sale A C Window Units: Yes
  • Flooring Vinyl: Yes
  • Walls Paneling: Yes
  • Walls Plaster: Yes
  • General Property Description # Buildings: 1
  • Levels:Two: Yes
  • Special Features: None

Interior Features

  • Has Basement: Partial, Unfinished
  • Flooring: Vinyl, Carpet, Hardwood
  • Basement:Unfinished: Yes
  • Basement:Partial: Yes

Exterior Features

  • Roof: Metal
  • Acres: 0.17
  • Construction Type: Vinyl Siding, Plaster
  • Exterior Finish Vinyl Siding: Yes

Garage/Parking

  • Parking Features: None
  • Attached Garage: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Water Source: Public

Schools

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

Lot Info

  • Zoning: RO-1
  • Lot Dimensions: 50 x 150
  • Lot Size Sq Ft: 7405.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 046E F 019.00
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2019
Closed on
Oct 28, 2019
Sold by
Francis Nora S and Francis David
Bought by
Zakaria Mohammed W
Seller's Agent
David Cole
Cole Inc.
Buyer's Agent
Dan Rutledge
Tri-Cities Realty, Inc.
List Price
$99,900
Sold Price
$99,900
Current Estimated Value
$260,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,973
Avg. Annual Appreciation
16.24%
Original Mortgage
$76,000
Interest Rate
3.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 3, 1983

Purchase Details

Closed on
Jan 2, 1983
Bought by
Francis Robert L and Francis Nora

Purchase Details

Closed on
Jan 1, 1983
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Zakaria Mohammed W $99,900 None Available
-- $30,700 --
Francis Robert L $50,000 --
-- $30,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Zakaria Mohammed W $76,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2019 10/28/19 Sold $99,900 0.0% --
10/03/2019 10/03/19 Pending -- -- --
10/02/2019 10/02/19 For Sale $99,900 -- --
Source: Tennessee/Virginia Regional MLS

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
2025 $1,988 $116,280 $7,520 $108,760
2024 $1,988 $116,280 $7,520 $108,760
2023 $1,585 $73,720 $0 $0
2022 $2,008 $93,400 $6,600 $86,800
2021 $3,624 $93,400 $6,600 $86,800
2020 $3,605 $93,400 $6,600 $86,800
2019 $1,959 $93,400 $6,600 $86,800
2018 $3,515 $82,320 $6,600 $75,720
2017 $3,515 $82,320 $6,600 $75,720
2016 $3,498 $82,320 $6,600 $75,720
2015 $2,963 $82,320 $6,600 $75,720
2014 $2,963 $82,320 $6,600 $75,720
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2019

    David Cole

    Cole Inc.

    Section Image
  • Dan Rutledge

    Buyer's Agent in 2019

    Dan Rutledge

    Tri-Cities Realty, Inc.

    (423) 737-2915

    1 in this area

    54 Total Sales

    Dan Rutledge
    Section Image
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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 428045

Tennessee/Virginia Regional MLS

APN: 046E-F-019.00

Tennessee Washington County Johnson City 37601 Gump Addition-Carnegie

412 E Watauga Ave, Johnson City, TN

Not Listed for Sale

MultiFamily

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