NOT LISTED FOR SALE

422 N Wright Rd Alcoa, TN 37701

Estimated Value: $242,000 - $324,000

Studio
2 Baths
1,440 Sq Ft
$190/Sq Ft Est. Value

Last Sold July 10, 2018

Last sale price $345,000 $240 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $1,694/month

362 Days on Market

Highlights

  • Central Heating and Cooling System
  • Alcoa Elementary School Rated A-
  • Carpet

About This Home

As of July 2018

Great investment opportunity. Listing includes three duplexes. Each duplex is 1440 square feet with 2br and 1 bath per unit.(720 square feet on each side) Neat and clean, quiet city of Alcoa location. Three parcels include: 047A A 013.00, 047A A 013.01 and 047A A 013.02. All three units are on one deed. Deed book 488, page 120.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,609

Year Built

  • Built in 1974

Lot Details

  • 6,534

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,440 Sq Ft Home
  • Property has 3 Levels
  • Washer and Electric Dryer Hookup

Flooring

  • Carpet
  • Laminate

Schools

  • Alcoa Elementary School
  • Alcoa Middle School
  • Alcoa High School

Utilities

  • Central Heating and Cooling System

Community Details

  • 6 Units
  • Cochran First Addn Subdivision

Listing and Financial Details

  • The owner pays for water, trash collection

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,609

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1974
  • Inclusions: NOFUR
  • Unit Levels: Three Or More
  • New Construction: No
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Building Area Units: Square Feet
  • Living Area: 1440
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Frame, Vinyl Siding
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup, Electric Dryer Hookup

Lot Info

  • Lot Size: 135x50,135x50,135x50
  • Lot Size Units: Acres
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water, Other, Trash Collection
  • Tenant Pays: Other, Gas, Electricity

Multi Family

  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 6

Tax Info

  • Tax Annual Amount: 1609

MLS Schools

  • Elementary School: Alcoa Elementary
  • High School: Alcoa High School
  • Middle Or Junior School: Alcoa Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 25, 2024
Sold by
Gourley Kevin
Bought by
Krg Investments Llc
Current Estimated Value
$273,309

Purchase Details

Closed on
Aug 18, 2022
Sold by
Karla Gourley
Bought by
Gourley Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,471
Interest Rate
5.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2021
Sold by
Kagley Taylor and Kagley Mary
Bought by
Gourley Kevin and Gourley Karla

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,250
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 20, 2017
Closed on
Jul 10, 2018
Sold by
Alan Roberts H
Bought by
Kagley Taylor J
List Price
$369,900
Sold Price
$345,000
Premium/Discount to List
-$24,900
-6.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.04%
Original Mortgage
$86,250
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 1987
Bought by
Roberts Roberts H and Roberts Catherine A

Purchase Details

Closed on
Dec 12, 1983
Bought by
Beasley Randall S
Source: Public Records
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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
Krg Investments Llc -- Admiral Title
Gourley Kevin -- Admiral Title
Gourley Kevin $408,000 Admiral Title
Gourley Kevin $408,000 Admiral Title
Kagley Taylor J $115,000 --
Roberts Roberts H $90,000 --
Beasley Randall S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gourley Kevin $161,471
Previous Owner Gourley Kevin $163,250
Previous Owner Kagley Taylor J $86,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2018 07/10/18 Sold $345,000 -6.7% $240 / Sq Ft
04/17/2018 04/17/18 Pending -- -- --
04/20/2017 04/20/17 For Sale $369,900 -- $257 / Sq Ft
Source: Realtracs

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 -- $80,840 $16,000 $64,840
2024 -- $80,840 $16,000 $64,840
2023 $2,651 $80,840 $16,000 $64,840
2022 $2,232 $47,080 $7,520 $39,560
2021 $2,232 $47,080 $7,520 $39,560
2020 $2,232 $47,080 $7,520 $39,560
2019 $2,232 $47,080 $7,520 $39,560
2018 $1,609 $36,320 $7,040 $29,280
2017 $1,609 $36,320 $7,040 $29,280
2016 $1,609 $36,320 $7,040 $29,280
2015 $1,493 $36,320 $7,040 $29,280
2014 $1,072 $36,320 $7,040 $29,280
2013 $1,072 $26,080 $0 $0
Source: Public Records

Map

Source: Realtracs

MLS Number: 2880581

Realtracs

APN: 047A-A-013.00