NOT LISTED FOR SALE

5031 Lake Forest Dr Kingsport, TN 37663

Estimated Value: $284,000 - $337,000

3 Beds
2 Baths
1,617 Sq Ft
$188/Sq Ft Est. Value

Last Sold July 31, 2017

Last sale price $150,000 $93 Per Sq Ft

Est. 103% increase in value since last sale

Current estimated payment $1,728/month

32 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • 2 Fireplaces
  • Contemporary Architecture
  • Loft
  • Granite Countertops

About This Home

As of July 2017

Very nice one level contemporary ranch well maintained with updates. 3 bedroom, 2 baths, great room with cathedral ceiling, office, lots of hardwood flooring, pretty kitchen, granite counter tops, stainless appliances, loft area, newer interior doors, new french door from master to deck. Fresh exterior paint, basement with 1 car drive under garage and walk-out door. Large deck overlooking fenced back yard surrounded by lake and woods. Heap pump is 1 1/2 year old with 8 yrs remaining on warranty. Roof 2 1/2 years old. There is also 183 sq. ft. of storage entering outside back of basement.

Last Agent to Sell the Property

Wilma Ramsey

Southern Dwellings Listed on: 05/22/2017

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $814

Year Built

  • Built in 1984

Lot Details

  • Lot Dimensions are 105 x 178.19
  • Fenced Front Yard
  • Level Lot
  • Property is in good condition

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 1,617 Sq Ft Home
  • 1-Story Property
  • 2 Fireplaces
  • Double Pane Windows
  • Entrance Foyer
  • Loft
  • Walk-Out Basement

Kitchen

  • Range
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Deck
  • Patio
  • Rear Porch

Schools

  • Miller Perry Elementary School
  • Sullivan Heights Middle School
  • West Ridge High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Septic Tank
  • Cable TV Available

Community Details

  • Lakewood Subdivision
  • FHA/VA Approved Complex

Listing and Financial Details

  • Assessor Parcel Number 039.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$814

Year Built

Built in 1984

Lot Details

0

Parking

1

Listing Details

  • Directions: From Kingsport - Ft. Henry Drive/Hwy 36 through Colonial Heights, Left on Fordtown Rd., Cross bridge, left at stop sign. Follow Rd to Left on Lake Forest. Home on Left.
  • Prop. Type: Residential
  • Year Built: 1984
  • Garage Garage Spaces: 1
  • Property Sub Type: Single Family Residence
  • Subdivision Name: Lakewood
  • Architectural Style: Contemporary
  • 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 Zoning2: R-1
  • General Property Description Elementary School3: Miller Perry
  • General Property Description Middle School2: Sullivan Heights Middle
  • General Property Description High School3: West Ridge
  • Property Condition Above Average: Yes
  • Water Public: Yes
  • General Property Description Lot Dimensions: 105 x 178.19
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 1617.0
  • General Property Description Above Grade SqFt: 1617.0
  • TopographyLot Description Level2: Yes
  • Flooring Hardwood: Yes
  • General Property Description Parcel ID2: 039.00
  • General Property Description # Fireplaces: 2
  • AC Heat Pump3: Yes
  • Financing FHA: Yes
  • TopographyLot Description Sloped: Yes
  • Flooring Carpet: Yes
  • Utilities Cable Connected: Yes
  • Flooring Ceramic Tile: Yes
  • RoofAsphalt: Yes
  • Fencing Front Yard: Yes
  • Levels One: Yes
  • Structure Type:House: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Range
  • Has Basement: Concrete, Walk-Out Access
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Primary Downstairs, Entrance Foyer, Granite Counters, Pantry
  • Window Features: Double Pane Windows
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplaces: 2
  • Total Bedrooms: 6
  • General Property Description Baths - Full: 2
  • Interior Features:Pantry: Yes
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Interior Features:Granite Counters: Yes
  • Basement:Walk-Out Access: Yes
  • Interior Features:Entrance Foyer: Yes
  • Basement:Concrete3: Yes
  • Other Rooms:Loft: Yes
  • Interior Features:Primary Downstairs: Yes

Exterior Features

  • Property Condition: Above Average
  • Roof: Asphalt
  • Fencing: Front Yard
  • Topography: Level, Sloped
  • Home Warranty: No
  • Construction Type: Frame
  • Patio And Porch Features: Back, Deck
  • Window Features:Double Pane Windows: Yes
  • PorchPatioDeck Back: Yes
  • PorchPatioDeck Deck: Yes
  • Exterior Finish Frame: Yes

Garage/Parking

  • Parking Features: Asphalt, Attached, Garage Door Opener
  • Sq Ft DetailsGarageAttachedSq Ft: 264
  • Sq Ft DetailsGarageTotalSq Ft: 264
  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features:Asphalt2: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Tank
  • Utilities: Cable Connected
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes

Schools

  • Elementary School: Miller Perry
  • High School: West Ridge
  • Middle Or Junior School: Sullivan Heights Middle

Lot Info

  • Zoning: R-1
  • Lot Dimensions: 105 x 178.19
  • Parcel #: 039.00

Tax Info

  • Tax Book Number: 2148C

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2022
Sold by
Cole Jacob
Bought by
Gorman James
Current Estimated Value
$304,584

Purchase Details

Listed on
May 22, 2017
Closed on
Jul 31, 2017
Sold by
Henley Erik and Henley Whitnee
Bought by
Gorman James C and Cole Jacob
Seller's Agent
Wilma Ramsey
Southern Dwellings
List Price
$169,900
Sold Price
$150,000
Premium/Discount to List
-$19,900
-11.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.74%
Original Mortgage
$147,283
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 4, 2004
Bought by
Henley Erik and Henley Whitnee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,900
Interest Rate
5.96%

Purchase Details

Closed on
Nov 15, 1993
Sold by
Andrew Hiester
Bought by
Christopher Feathers

Purchase Details

Closed on
Nov 12, 1993

Purchase Details

Closed on
Feb 18, 1986
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
Gorman James -- --
Gorman James C $150,000 Express Title & Closing Llc
Henley Erik $122,000 --
Christopher Feathers $81,250 --
-- $81,300 --
-- $64,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gorman James B $122,701
Previous Owner Gorman James C $147,283
Previous Owner Henley Erik S $139,616
Previous Owner Erik Henley $135,959
Previous Owner Erik Henley $15,501
Previous Owner -- $115,900
Previous Owner Feathers Christopher A $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2017 07/31/17 Sold $150,000 -11.7% $93 / Sq Ft
06/24/2017 06/24/17 Pending -- -- --
05/22/2017 05/22/17 For Sale $169,900 -- $105 / 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 $814 $32,625 $3,150 $29,475
2023 $785 $32,625 $3,150 $29,475
2022 $785 $32,625 $3,150 $29,475
2021 $785 $32,625 $3,150 $29,475
2020 $794 $32,625 $3,150 $29,475
2019 $794 $30,900 $3,150 $27,750
2018 $788 $30,900 $3,150 $27,750
2017 $788 $30,900 $3,150 $27,750
2016 $818 $31,775 $3,150 $28,625
2014 $733 $31,775 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Wilma Ramsey

    Seller's Agent in 2017

    Wilma Ramsey

    Southern Dwellings

    (423) 384-4500

    46 Total Sales

    Wilma Ramsey
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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 392040

Tennessee/Virginia Regional MLS

APN: 107A-C-039.00

Tennessee Sullivan County Kingsport 37663

5031 Lake Forest Dr, Kingsport, TN

This home is located at 5031 Lake Forest Dr, Kingsport, TN 37663 since 22 May 2017 and is currently estimated at $304,584, approximately $188 per square foot. This property was built in 1984. 5031 Lake Forest Dr is a home located in Sullivan County with nearby schools including Miller Perry Elementary School and Sullivan South High School.

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