NOT LISTED FOR SALE

5016 Memorial Blvd Kingsport, TN 37664

Estimated Value: $114,000 - $379,000

2 Beds
2.5 Baths
1,861 Sq Ft
$116/Sq Ft Est. Value

Last Sold May 29, 2020

Last sale price $125,000 $67 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $1,188/month

2 Days on Market

Highlights

  • Ranch Style House
  • Circular Driveway
  • Cooling Available
  • Wood Flooring
  • Fireplace
  • Level Lot

About This Home

As of May 2020

***HIGHEST AND BEST OFFERS BY SUNDAY 4/26 AT 5:00*** Fixer-upper opportunity on large lot in Kingsport! This classic 1950's brick ranch has a fantastic layout with lots of potential. It could be converted easily to a 3/2 and has a breezeway/3-season room and an attached garage. The residence comes with almost 2 acres with a barn/outbuilding and there is an additional .94 acres for purchase. Home is being sold ''as is'' but inspections are welcome. Schedule a showing and see all the possibilities! There is a replat in process. Kingsport is extending/widening Memorial Blvd. Buyer/buyer's agent to verify with City of Kingsport. Information is taken from public records.

Last Agent to Sell the Property

Kelly Moran

HBX Realty of Keller Williams License #335314 Listed on: 04/23/2020

HBX Realty of Keller Williams

Last Buyer's Agent

DAWN SHINAULT

KW Bristol License #339074,0225231966

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $665

Year Built

  • Built in 1950

Lot Details

  • 2.87 Acre Lot
  • Level Lot
  • Property is in average condition

Parking

  • 2 Car Garage
  • Circular Driveway

Home Design

  • Ranch Style House
  • Fixer Upper
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1,861 Sq Ft Home
  • Fireplace
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms

Schools

  • Indian Springs Elementary School
  • Central Middle School
  • West Ridge High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 048g C 003.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$665

Year Built

Built in 1950

Lot Details

0

Parking

2

Listing Details

  • Directions: From I-81 take Exit 66 toward Kingsport. Take TN-126 W for 4.2 miles. Property is on the right.
  • Prop. Type: Residential
  • Year Built: 1950
  • Garage Garage Spaces: 2
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Unit Levels: One
  • New Construction: No
  • Reso Structure Type: House
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 2.87
  • General Property Description Zoning2: R-1
  • General Property Description Elementary School3: Indian Springs
  • General Property Description Middle School2: Central
  • General Property Description High School3: West Ridge
  • Water Public: Yes
  • General Property Description Lot Dimensions: 378 x 278 IRR see plat
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 1861.0
  • TopographyLot Description Level2: Yes
  • Flooring Hardwood: Yes
  • General Property Description Parcel ID2: 048g C 003.00
  • Style Ranch: Yes
  • Roof Shingle: Yes
  • AC Heat Pump3: Yes
  • Property Condition Fixer: Yes
  • Property Condition Average: Yes
  • Levels One: Yes
  • Structure Type:House: Yes
  • Special Features: None

Interior Features

  • Flooring: Hardwood
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • General Property Description Baths - Full: 2
  • General Property Description Baths - 12: 1

Exterior Features

  • Property Condition: Average, Fixer
  • Roof: Shingle
  • Acres: 2.87
  • Topography: Level
  • Home Warranty: No
  • Construction Type: Brick
  • Exterior Finish Brick4: Yes

Garage/Parking

  • Parking Features: Circular Driveway
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Circular Driveway: Yes

Utilities

  • Heating: Fireplace(s), Heat Pump
  • Sewer: Septic Tank
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes
  • Heating:Fireplace(s): Yes
  • Sewer Septic Tank: Yes

Schools

  • Elementary School: Indian Springs
  • High School: West Ridge
  • Middle Or Junior School: Central

Lot Info

  • Zoning: R-1
  • Lot Dimensions: 378 x 278 IRR see plat
  • Lot Size Sq Ft: 125017.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 048g C 003.00
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2023
Sold by
Groves Kevin and Groves Rebecca
Bought by
State Of Tennessee
Current Estimated Value
$215,394

Purchase Details

Closed on
Jul 11, 2023
Sold by
Groves Korey
Bought by
Groves Kevin and Groves Rebecca

Purchase Details

Closed on
Mar 7, 2023
Sold by
Groves Kevin
Bought by
Groves Kevin and Groves Korey

Purchase Details

Closed on
Mar 15, 2021
Sold by
Groves Kevin and Groves Rebecca
Bought by
State Of Tennessee

Purchase Details

Listed on
Apr 23, 2020
Closed on
May 29, 2020
Sold by
Lavinder Development Inc
Bought by
Kevin Groves and Kevin Rebecca Groves
Seller's Agent
Kelly Moran
HBX Realty of Keller Williams
Buyer's Agent
DAWN SHINAULT
KW Bristol
List Price
$99,900
Sold Price
$125,000
Premium/Discount to List
$25,100
25.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.58%

Purchase Details

Closed on
Sep 24, 2019
Sold by
Hays George C and Hays Alan
Bought by
Lavinder Development
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
State Of Tennessee $96,150 None Listed On Document
Groves Kevin -- None Listed On Document
Groves Kevin -- None Listed On Document
Groves Kevin -- --
Groves Kevin -- None Listed On Document
State Of Tennessee $6,600 None Available
Kevin Groves $125,000 None Available
Lavinder Development $42,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2020 05/29/20 Sold $125,000 +25.1% $67 / Sq Ft
04/26/2020 04/26/20 Pending -- -- --
04/23/2020 04/23/20 For Sale $99,900 -- $54 / 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 $665 $26,650 $7,650 $19,000
2023 $687 $26,650 $7,650 $19,000
2022 $687 $28,550 $9,550 $19,000
2021 $691 $28,550 $9,550 $19,000
2020 $1,056 $28,700 $9,700 $19,000
2019 $1,056 $41,075 $8,450 $32,625
2018 $1,047 $41,075 $8,450 $32,625
2017 $1,047 $41,075 $8,450 $32,625
2016 $1,046 $40,600 $8,475 $32,125
2014 $936 $40,609 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9907201

Tennessee/Virginia Regional MLS

APN: 048G-C-003.00