NOT LISTED FOR SALE

501 Cherry Ave New Tazewell, TN 37825

Estimated Value: $291,000 - $376,000

-- Bed
-- Bath
3,604 Sq Ft
$91/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $240,000 $67 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $1,926/month

31 Days on Market

About This Home

As of June 2021

Income Producing Property! This 6unit apartment complex is in the heart of the town... close to schools, shopping, restaurant and medical services. This property has city water and city sewer, all appliances included, washer and dryer hookup in each unit. This is a great investment opportunity right now, with a high demand for housing in this area!!!

Last Agent to Sell the Property

Beth Combs

Turn Key Realty License #334752 Listed on: 04/11/2021

Last Buyer's Agent

Beth Combs

Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,253

Year Built

  • Built in 1945

Lot Details

  • 0.31

Home Design

  • Vinyl Siding

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Schools

  • Tazewell-New Tazewell Elementary School
  • Soldiers Memorial Middle School
  • Claiborne County High School

Community Details

  • 6 Units

Listing and Financial Details

  • The owner pays for advertising, insurance, lawn maintenance
  • Assessor Parcel Number 095J B 029.00 000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,253

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Directions: From the Cumberland Gap Pkwy Go to N Broad St Turn left onto Cherry Ave Arrive at Cherry Ave
  • Prop. Type: Multi-Family
  • Year Built: 1945
  • Lot Size: 60x175IRR
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Smoke Detector, Refrigerator
  • Owner Pays: Advertising, Insurance, Lawn Maintenance
  • Flooring: Laminate, Carpet, Vinyl, Tile

Exterior Features

  • Construction Type: Vinyl Siding

Schools

  • Elementary School: Tazewell-New Tazewell
  • High School: Claiborne County
  • Middle Or Junior School: Soldiers Memorial

Lot Info

  • Parcel #: 095J B 029.00 000

Multi Family

  • Number Of Units Total: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2021
Closed on
Jun 25, 2021
Sold by
Taylor Mitchell and Taylor Tina Marie
Bought by
Ooten Properties Llc
Seller's Agent
Beth Combs
Turn Key Realty
Buyer's Agent
Beth Combs
Realty Group
Sold Price
$240,000
Total Days on Market
31
Current Estimated Value
$327,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,359
Avg. Annual Appreciation
10.21%
Original Mortgage
$192,000
Outstanding Balance
$50,637
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$301,360

Purchase Details

Closed on
May 30, 2018
Sold by
Newton John P
Bought by
Taylor Mitchell

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 10, 2018
Sold by
Lakins Andrea
Bought by
Newton John P and Estate Of Dustin S Lakins

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,000
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Oct 8, 2013
Sold by
Walker Larry
Bought by
Lakins Dustin

Purchase Details

Closed on
Dec 30, 2011
Sold by
Moore John E
Bought by
Walker Larry and Lakins Dustin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
4.06%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 31, 2005
Sold by
Hopper David
Bought by
Moore John E

Purchase Details

Closed on
Oct 27, 2005
Sold by
Hopper David
Bought by
Moore John E

Purchase Details

Closed on
Jan 10, 2001
Sold by
Humfleet Mike
Bought by
Ament Bryon

Purchase Details

Closed on
Mar 4, 1997
Sold by
Humfleet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$91,307
Interest Rate
7.9%

Purchase Details

Closed on
Jan 1, 1979
Bought by
Neely Eloise P

Purchase Details

Closed on
Jan 2, 1969
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
Ooten Properties Llc $240,000 Smoky Mountain Title
Taylor Mitchell $165,000 None Available
Newton John P $20,578 None Available
Lakins Dustin $60,000 --
Walker Larry $153,500 --
Moore John E $129,209 --
Moore John E $129,209 --
Ament Bryon $120,000 --
-- $90,000 --
Neely Eloise P -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ooten Properties Llc $192,000
Previous Owner Taylor Mitchell $161,000
Previous Owner Walker Larry $155,000
Previous Owner Byron Ament $110,000
Previous Owner Not Available $91,307
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2021 06/25/21 Sold $240,000 -- $67 / 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
2024 $2,253 $96,280 $11,680 $84,600
2023 $2,253 $96,280 $11,680 $84,600
2022 $1,926 $96,280 $11,680 $84,600
2021 $1,481 $57,440 $9,960 $47,480
2020 $1,481 $57,440 $9,960 $47,480
2019 $1,481 $57,440 $9,960 $47,480
2018 $1,481 $57,440 $9,960 $47,480
2017 $1,481 $57,440 $9,960 $47,480
2016 $1,588 $61,560 $9,960 $51,600
2015 $1,527 $61,560 $9,960 $51,600
2014 $1,527 $61,546 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Beth Combs

    Seller's Agent in 2021

    Beth Combs

    Turn Key Realty

    (606) 269-1807

    146 Total Sales

    Beth Combs
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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1148785

East Tennessee REALTORS® MLS

APN: 095J-B-029.00

Tennessee Claiborne County New Tazewell 37825

501 Cherry Ave, New Tazewell, TN

This home is located at 501 Cherry Ave, New Tazewell, TN 37825 since 11 April 2021 and is currently estimated at $327,359, approximately $90 per square foot. This property was built in 1945. 501 Cherry Ave is a home located in Claiborne County with nearby schools including Heriage Christian Academy.

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.

East Tennessee REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.

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