NOT LISTED FOR SALE

500 W Chestnut St Johnson City, TN 37604

South Side Johnson City Neighborhood

Estimated Value: $378,000 - $644,000

8 Beds
4 Baths
4,128 Sq Ft
$114/Sq Ft Est. Value

Last Sold October 19, 2023

Last sale price $340,000 $82 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,698/month

47 Days on Market

Highlights

  • Mountain View
  • Wood Flooring
  • Double Pane Windows
  • South Side Elementary School Rated A
  • No HOA
  • 4-minute walk to Veterans Park

About This Home

As of October 2023

-IMMEDIATE INCOME PRODUCING! -CONVENIENT LOCATION! -OWNER OCCUPY OR INVESTOR OPPORTUNITY! This beautiful fourplex is quietly tucked away in Johnson City, just off Chestnut Street. It offers a friendly commute just minutes from downtown Johnson City, ETSU, JC Medical Center. The ''two'' 3-bedroom units are currently rented on a month-to-month term. Current Gross annual income $37,800.00UPPER/ MAIN LEVEL:-- UNIT #1 (currently rented month to month at $900) 3-bedroom 1 bathroom w/ washer and dryer connection --- Window Heat Pump in this unitMIDDLE LEVEL:-- UNIT 2-- (Right hand unit) 1 bedroom / 1 bathroom w/ Washer and dryer connection. (Currently rented for $775 monthly) --UNIT 3--(Left hand unit) 1 bedroom / 1 bathroom w/ washer and dryer connection. (Currently rented for $775 monthly) BOTTOM LEVEL:-- UNIT 4--(Currently rented month to month at $700) 3-bedroom 1 bathroom w/ washer and dryer connection.Other notable features included but not limited to: - Metal roof- Large sized rooms - New decking and added handrails - All units come w/ Range, Refrigerator, and window AC units - Property line is further back than fence line!OVERHEAD/ EXPENSES:- Landlord currently pays 1 water bill for all units (one meter) and tenants pay their own individual electric bill (four separate meters) - Property insurance is approx. $3,800 annually - Property taxes for 2022 were $4015.02- Mowing is $50 every 2-3 weeks.PLEASE PARK ALONG THE SIDE OF THE ROAD. Parking spaces are for tenants. 24 hr. notice required for scheduled showings. This property is being sold AS IS. ***ALL units have pets so please close each door behind you. *** This is priced to sell and won't last long... Contact your Realtor TODAY!

Last Agent to Sell the Property

Brian Parlier

Hurd Realty, LLC License #359767 Listed on: 07/27/2023

Last Buyer's Agent

ELIZABETH SNYDER

CENTURY 21 Legacy

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,654

Year Built

  • Built in 1960

Lot Details

  • 0.37 Acre Lot
  • Sloped Lot
  • Cleared Lot
  • Property is in average condition

Parking

  • Parking Pad

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Block Foundation
  • Wood Walls
  • Metal Roof

Interior Spaces

  • 4,128 Sq Ft Home
  • 2-Story Property
  • Paneling
  • Ceiling Fan
  • Double Pane Windows
  • Mountain Views
  • Electric Range
  • Washer and Electric Dryer Hookup

Flooring

  • Wood
  • Parquet
  • Laminate
  • Luxury Vinyl Plank Tile

Schools

  • South Side Elementary School
  • Liberty Bell Middle School
  • Science Hill High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • 4 Units
  • Roan Heights Subdivision
  • FHA/VA Approved Complex

Listing and Financial Details

  • Assessor Parcel Number 054f N 025.00
  • Tax Block 3

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,654

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Directions: From South Side Elementary School 1011 Southwest Ave, Johnson City, TN, 37604 Depart and head toward Southwest Ave 131 ft Turn left onto Southwest Ave 495 ft Turn left onto Boyd St 322 ft Turn left onto W Poplar St, then immediately turn right onto W Chestnut 500 W Chestnut on the left.
  • Prop. Type: Residential Income
  • Year Built: 1960
  • Property Sub Type: Quadruplex
  • Subdivision Name: Roan Heights
  • Unit Levels: Three Or More
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 054f N 025.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.37
  • General Property Description Zoning2: R2
  • General Property Description Elementary School3: South Side
  • General Property Description Middle School2: Liberty Bell
  • General Property Description High School3: Science Hill
  • General Property Description HOA YN: No
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 93.90 X 167.3 IRR
  • Appliances Refrigerators: Yes
  • Flooring Hardwood: Yes
  • Financing FHA: Yes
  • General Property Description Stories2: 2
  • View Mountain(s): Yes
  • AC Ceiling Fan(s): Yes
  • TopographyLot Description Sloped: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Laminate: Yes
  • Foundation Block6: Yes
  • Location Tax Legal Info Block: 3
  • TopographyLot Description Cleared: Yes
  • Flooring Luxury Vinyl: Yes
  • Roof Metal3: Yes
  • Excluded From Sale A C Window Units: Yes
  • Walls Paneling: Yes
  • Property Condition Average: Yes
  • Walls Wood3: Yes
  • Flooring Parquet: Yes
  • General Property Description # Buildings: 1
  • General Property Description Total Units: 4
  • Levels Three Or More: Yes
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Refrigerator
  • Flooring: Parquet, Luxury Vinyl, Hardwood, Laminate
  • Window Features: Double Pane Windows
  • Appliances:Electric Range: Yes

Exterior Features

  • Property Condition: Average
  • Roof: Metal
  • Lot Features: Sloped, Cleared
  • View: Mountain(s)
  • Acres: 0.37
  • Construction Type: Brick
  • Foundation Details: Block
  • Exterior Finish Brick4: Yes
  • Window Features:Double Pane Windows: Yes

Garage/Parking

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

Utilities

  • Heating: See Remarks, Baseboard
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Ceiling Fan(s), Window Unit(s), See Remarks
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes
  • Heating:See Remarks10: Yes

Schools

  • Elementary School: South Side
  • High School: Science Hill
  • Middle Or Junior School: Liberty Bell

Lot Info

  • Zoning: R2
  • Lot Dimensions: 93.90 X 167.3 IRR
  • Lot Size Sq Ft: 16117.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 054f N 025.00
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2023
Closed on
Oct 19, 2023
Sold by
Yates Thomas John
Bought by
Ne Property Investment Inc
Seller's Agent
Brian Parlier
Hurd Realty, LLC
Buyer's Agent
ELIZABETH SNYDER
CENTURY 21 Legacy
List Price
$375,000
Sold Price
$340,000
Premium/Discount to List
-$35,000
-9.33%
Current Estimated Value
$470,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,715
Avg. Annual Appreciation
18.47%
Original Mortgage
$289,838
Interest Rate
7.29%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 14, 2014
Sold by
Yates Karen Michelle
Bought by
Yates Thomas John

Purchase Details

Closed on
Aug 9, 1996
Sold by
Droke E Ross and Droke Kate S
Bought by
Yates Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
8.4%
Source: Public Records

Range of Values:

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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
Ne Property Investment Inc $340,000 Foundation Title
Yates Thomas John -- --
Yates Thomas $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ne Property Investment Inc $289,838
Previous Owner Yates Thomas John $110,000
Previous Owner Yates Thomas J $76,500
Previous Owner Thomas Yates $104,853
Previous Owner Yates Thomas $92,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2023 10/19/23 Sold $340,000 -9.3% $82 / Sq Ft
09/13/2023 09/13/23 Pending -- -- --
07/27/2023 07/27/23 For Sale $375,000 -- $91 / 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 $1,654 $155,400 $13,040 $142,360
2023 $1,901 $88,440 $0 $0
2022 $1,790 $103,480 $6,840 $96,640
2021 $4,015 $103,480 $6,840 $96,640
2020 $3,995 $103,480 $6,840 $96,640
2019 $1,989 $103,480 $6,840 $96,640
2018 $3,568 $83,560 $6,840 $76,720
2017 $3,568 $83,560 $6,840 $76,720
2016 $3,552 $83,560 $6,840 $76,720
2015 $3,217 $83,560 $6,840 $76,720
2014 $3,008 $83,560 $6,840 $76,720
Source: Public Records

Agents Affiliated with this Home

  • Brian Parlier

    Seller's Agent in 2023

    Brian Parlier

    Hurd Realty, LLC

    (404) 931-4874

    1 in this area

    170 Total Sales

    Brian Parlier
    Section Image

  • E

    Buyer's Agent in 2023

    ELIZABETH SNYDER

    CENTURY 21 Legacy

See All Agents

Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9954767

Tennessee/Virginia Regional MLS

APN: 054F-N-025.00

Tennessee Washington County Johnson City 37604 South Side Johnson City

500 W Chestnut St, Johnson City, TN

This home is located at 500 W Chestnut St, Johnson City, TN 37604 since 27 July 2023 and is currently estimated at $470,715, approximately $114 per square foot. This property was built in 1960. 500 W Chestnut St is a home located in Washington County with nearby schools including South Side Elementary School, Liberty Bell Middle School, and Indian Trail Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Listing information is deemed reliable, but not guaranteed.

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