NOT LISTED FOR SALE

467 Forge Creek Rd Mountain City, TN 37683

Estimated Value: $104,000 - $179,000

-- Bed
2 Baths
2,016 Sq Ft
$77/Sq Ft Est. Value

Last Sold August 18, 2023

Last sale price $154,900 $77 Per Sq Ft

Current estimated payment $893/month

30 Days on Market

Highlights

  • No HOA
  • Paneling
  • Tile Flooring
  • Covered patio or porch
  • Laundry Room
  • Baseboard Heating

About This Home

As of August 2023

GREAT INVESTMENT OPPORTUNITY!! Each duplex features two bedrooms and one bathroom. Both units can be rented as is or you can update/remodel the upstairs unit to bring in more rental income. The upstairs unit is a bit larger with a large living room, fully equipped kitchen, two bedrooms and full bath. The lower unit has been renovated and has an open living and kitchen area, two bedrooms and full bath. There is a two car carport and outbuilding. The duplex is conveniently located close to town and only a short drive to Boone, NC. Both units have separate electric and water meters. Before the renovation of the lower lever, the rent was $550 per month and the upper level was $650 per month. Don't miss this great investment opportunity! Buyer/buyer's agent to verify all info.

Last Agent to Sell the Property

JESSICA HARKNESS

Foundation Realty Group License #343951 Listed on: 06/16/2023

Last Buyer's Agent

Christine Vissichelli

RE/MAX Preferred License #371426

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $502

Year Built

  • Built in 1983

Lot Details

  • 0.53 Acre Lot
  • Lot Has A Rolling Slope
  • Property is in average condition

Home Design

  • Duplex
  • Wood Walls
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2,016 Sq Ft Home
  • 2-Story Property
  • Paneling

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Carpet
  • Tile
  • Luxury Vinyl Plank Tile

Laundry

  • Laundry Room
  • Washer and Electric Dryer Hookup

Parking

  • 2 Carport Spaces
  • Gravel Driveway

Outdoor Features

  • Covered patio or porch
  • Outbuilding

Schools

  • Roan Creek Elementary School
  • Johnson Co Middle School
  • Johnson Co High School

Utilities

  • No Cooling
  • Baseboard Heating
  • Septic Tank

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 055 015.03

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$502

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Directions: From Mountain City, take Hwy 421 S towards Boone, NC, turn left at Food Lion onto Highway 167 N/Forge Creek Road, property will be on the left, see sign
  • Prop. Type: Multi Family
  • Year Built: 1983
  • Garage Carport Spaces: 2
  • Property Sub Type: Duplex
  • Subdivision Name: Not In Subdivision
  • Architectural Style: Duplex
  • Unit Levels: Two
  • New Construction: No
  • Reso Structure Type: House
  • Location Tax Legal Info Parcel ID: 055 015.03
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.53
  • General Property Description Zoning2: RES
  • General Property Description Elementary School3: Roan Creek
  • General Property Description Middle School2: Johnson Co
  • General Property Description High School3: Johnson Co
  • General Property Description HOA YN: No
  • Water Public: Yes
  • General Property Description Lot Dimensions: See Acres
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Flooring Tile2: Yes
  • Roof Shingle: Yes
  • Other Structures Outbuilding: Yes
  • TopographyLot Description Rolling Slope: Yes
  • TopographyLot Description Sloped: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Carpet: Yes
  • Other Rooms Laundry: Yes
  • Flooring Luxury Vinyl: Yes
  • Flooring Vinyl: Yes
  • Walls Paneling: Yes
  • Property Condition Average: Yes
  • Walls Wood3: Yes
  • General Property Description Total Units: 2
  • Levels:Two: Yes
  • Style Duplex2: Yes
  • Structure Type:House: Yes
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Microwave, Refrigerator
  • Flooring: Vinyl, Tile, Luxury Vinyl, Carpet
  • Appliances:Electric Range: Yes

Exterior Features

  • Property Condition: Average
  • Roof: Shingle
  • Other Structures: Outbuilding
  • Acres: 0.53
  • Topography: Sloped, Rolling Slope
  • Construction Type: Wood Siding
  • Patio And Porch Features: Covered, Front Porch
  • Exterior Finish Wood Siding: Yes
  • PorchPatioDeck Covered: Yes
  • PorchPatioDeck Front Porch: Yes

Garage/Parking

  • Parking Features: Carport, Gravel
  • Attached Garage: No
  • Parking Features:Gravel: Yes
  • Parking Features:Carport: Yes

Utilities

  • Heating: Baseboard
  • Sewer: Septic Tank
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: None
  • Cooling Y N: No
  • HeatingYN: Yes
  • Water Source: Public
  • Sewer Septic Tank: Yes
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Roan Creek
  • High School: Johnson Co
  • Middle Or Junior School: Johnson Co

Lot Info

  • Zoning: RES
  • Lot Dimensions: See Acres
  • Lot Size Sq Ft: 23086.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 055 015.03
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 16, 2023
Closed on
Aug 18, 2023
Sold by
Mettort Caleb A
Bought by
Wallace Janet and Caridas Trinity
Seller's Agent
JESSICA HARKNESS
Foundation Realty Group
Buyer's Agent
Christine Vissichelli
RE/MAX Preferred
List Price
$170,000
Sold Price
$154,900
Premium/Discount to List
-$15,100
-8.88%
Current Estimated Value
$155,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$590
Avg. Annual Appreciation
0.19%
Original Mortgage
$152,093
Outstanding Balance
$149,577
Interest Rate
6.96%
Mortgage Type
FHA
Estimated Equity
$5,913

Purchase Details

Listed on
May 27, 2020
Closed on
Oct 9, 2020
Sold by
Greer Stacy W and Greer Robert Nathaniel
Bought by
Mettert Caleb A
Seller's Agent
James Bonifacino
General Realty of TN
Buyer's Agent
NONMLS MEMBER
NONMLS
List Price
$99,500
Sold Price
$89,000
Premium/Discount to List
-$10,500
-10.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.38%
Original Mortgage
$87,387
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 17, 2017
Sold by
Greer Tony and Greer Sue
Bought by
Greer Tony R
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
Wallace Janet $154,900 Classic Title
Mettert Caleb A $89,000 None Available
Greer Tony R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wallace Janet $152,093
Previous Owner Mettert Caleb A $0
Previous Owner Mettert Caleb A $0
Previous Owner Mettert Caleb A $87,387
Previous Owner Mettert Caleb A $6,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/18/2023 08/18/23 Sold $154,900 -8.9% $77 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
06/16/2023 06/16/23 For Sale $170,000 +91.0% $84 / Sq Ft
10/09/2020 10/09/20 Sold $89,000 -10.6% $50 / Sq Ft
05/27/2020 05/27/20 For Sale $99,500 -- $56 / 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 $502 $22,725 $2,875 $19,850
2023 $502 $22,725 $2,875 $19,850
2022 $411 $22,725 $2,875 $19,850
2021 $411 $22,725 $2,875 $19,850
2020 $440 $22,725 $2,875 $19,850
2019 $440 $21,475 $2,875 $18,600
2018 $442 $21,575 $2,875 $18,700
2017 $442 $21,575 $2,875 $18,700
2016 $442 $21,575 $2,875 $18,700
2015 $391 $21,575 $2,875 $18,700
2014 $322 $17,800 $2,875 $14,925
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9953091

Tennessee/Virginia Regional MLS

APN: 055-015.03