NOT LISTED FOR SALE

413 W 5th Ave Lenoir City, TN 37771

Estimated Value: $227,372 - $287,000

2 Beds
2 Baths
1,648 Sq Ft
$155/Sq Ft Est. Value

Last Sold July 19, 2022

Last sale price $225,000 $137 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,488/month

5 Days on Market

Highlights

  • Wood Flooring
  • Zoned Heating System
  • Storm Doors

About This Home

As of July 2022

RARE FIND - LENOIR CITY DUPLEX - BRICK - TENANTS PAY ALL UTILITIES
This well located duplex features a low maintenance exterior, hardwood floors and attractive corner location. Each unit has a washer/dryer connection, stove & refrigerator. This large lot offers a lush rear yard for residents enjoyment. An excellent first time investment, easy to manage and convenient to all.

Last Agent to Sell the Property

Solange Velas

Goldman Partners Realty, LLC License #263596 Listed on: 05/12/2022

Last Buyer's Agent

Nikki Heightchew

Wallace

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $476

Year Built

  • Built in 1966

Lot Details

  • 8,276 Sq Ft Lot
  • Lot Dimensions are 57x138

Home Design

  • 1,648 Sq Ft Home
  • Brick Exterior Construction

Flooring

  • Wood
  • Vinyl

Utilities

  • Zoned Heating System

Listing and Financial Details

  • The owner pays for taxes, insurance, lawn maintenance
  • Assessor Parcel Number 020K N 008.00

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $5,866
  • Net Operating Income $12,734

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$476

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Directions: Take I-75 to exit 81. Take 321 and turn right onto Towncreek Rd, left onto Old Hwy 95 and right onto W 5th Ave. Go 5 blocks and duplex will beon the right at he corner of W5th & N E St.
  • Prop. Type: Multi-Family
  • Year Built: 1966
  • Lot Size Acres: 0.19
  • Lot Size: 57x138
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator
  • Owner Pays: Taxes, Insurance, Lawn Maintenance
  • Flooring: Hardwood, Vinyl

Exterior Features

  • Exterior Features: Doors - Storm
  • Construction Type: Brick

Utilities

  • Heating: Central
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 8276.0
  • Parcel #: 020K N 008.00
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Annual Gross Income: 18600.0
  • Property Net Operating Income: 12734.0
  • Annual Operating Expense: 5866.0

Tax Info

  • Tax Annual Amount: 475.85

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2022
Closed on
Jul 19, 2022
Sold by
Hannan and Amy
Bought by
Gomez Christian Leonardo and Desantiago Perla Graciela
Seller's Agent
Solange Velas
Goldman Partners Realty, LLC
Buyer's Agent
Nikki Heightchew
Wallace
List Price
$275,000
Sold Price
$225,000
Premium/Discount to List
-$50,000
-18.18%
Current Estimated Value
$254,791

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,791
Avg. Annual Appreciation
4.08%
Original Mortgage
$191,250
Interest Rate
5.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 23, 2018
Closed on
Jan 9, 2019
Sold by
Thomas Salvatore J
Bought by
Hannan Lawrence and Hannan Amy
List Price
$139,900
Sold Price
$125,200
Premium/Discount to List
-$14,700
-10.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.23%
Original Mortgage
$192,700
Interest Rate
4.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 28, 2002
Sold by
Jack Kirby
Bought by
David Martin

Purchase Details

Closed on
Apr 13, 1999
Bought by
Kirby Jack Wesley

Purchase Details

Closed on
Dec 17, 1997
Sold by
Cline Hancock
Bought by
Tracy Claiborne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,600
Interest Rate
8.3%

Purchase Details

Closed on
Dec 22, 1992
Bought by
Hancock Cline
Source: Public Records

Range of Values:

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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
Gomez Christian Leonardo $225,000 Tallent Title Group
Hannan Lawrence $125,200 Admiral Title Inc
David Martin $72,750 --
Kirby Jack Wesley $52,200 --
Tracy Claiborne $67,000 --
Hancock Cline $48,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gomez Christian Leonardo $179,000
Closed Gomez Christian Leonardo $191,250
Previous Owner Hannan Lawrence $192,700
Previous Owner Thomas Salvatore J $93,689
Previous Owner Martin David K $92,000
Previous Owner Martin David K $100,000
Previous Owner Hancock Cline $53,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2022 07/19/22 Sold $225,000 -18.2% $137 / Sq Ft
05/11/2022 05/11/22 For Sale $275,000 +119.6% $167 / Sq Ft
01/18/2019 01/18/19 Sold $125,200 -10.5% $76 / Sq Ft
11/06/2018 11/06/18 Pending -- -- --
08/23/2018 08/23/18 For Sale $139,900 -- $85 / Sq Ft
Source: East Tennessee REALTORS® 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
2025 $1,194 $50,080 $7,560 $42,520
2023 $1,194 $50,080 $0 $0
2022 $1,130 $47,800 $7,560 $40,240
2021 $1,116 $47,800 $7,560 $40,240
2020 $1,008 $47,800 $7,560 $40,240
2019 $716 $39,000 $6,520 $32,480
2018 $698 $27,760 $6,520 $21,240
2017 $698 $27,760 $6,520 $21,240
2016 $740 $28,240 $6,520 $21,720
2015 $734 $28,240 $6,520 $21,720
2014 $734 $28,240 $6,520 $21,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1190975

East Tennessee REALTORS® MLS

APN: 020K-N-008.00