NOT LISTED FOR SALE

5040 Lake Forest Dr Kingsport, TN 37663

Estimated Value: $281,000 - $346,000

3 Beds
2 Baths
1,644 Sq Ft
$188/Sq Ft Est. Value

Last Sold November 26, 2013

Last sale price $134,500 $82 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $1,764/month

391 Days on Market

Highlights

  • Waterfront
  • Deck
  • Bonus Room
  • Lake Privileges
  • Wood Burning Stove
  • Workshop

About This Home

As of November 2013

3 Bedroom, 2 bath home with community lake access, and a TVA easement Any clearing of trees or landscaping of TVA owned right of way must have prior approval from TVA. Plus there is a community lake access to launch your boat. This home is very well maintained and as clean as can be.Beautiful park like front yard and back yard overlooks the lake. Owners have taken so much pride in keeping this house up, but must move to assist in family matters. Please look at this wonderful house on the lake and make it your new home.

Last Agent to Sell the Property

LOUIS SHELTON

Century 21 Legacy Fort Henry License #00270613 Listed on: 10/17/2012

Last Buyer's Agent

Jack Clevinger

KW Johnson City License #291720

KW Johnson City

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $935

Year Built

  • Built in 1986

Lot Details

  • Lot Dimensions are 124x229
  • Waterfront
  • Landscaped
  • Sloped Lot
  • Garden
  • Property is in good condition

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Paneling
  • Ceiling Fan
  • Wood Burning Stove
  • Double Pane Windows
  • Insulated Windows
  • Window Treatments
  • Den with Fireplace
  • Bonus Room
  • Workshop

Kitchen

  • Eat-In Kitchen
  • Dishwasher
  • Laminate Countertops

Flooring

  • Parquet
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Fireplace in Basement
  • Workshop

Outdoor Features

  • Lake Privileges
  • Deck
  • Covered Patio or Porch

Schools

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

Utilities

  • Cooling Available
  • Heating System Uses Wood
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 013.00

Community Details

Overview

  • Property has a Home Owners Association
  • FHA/VA Approved Complex

Recreation

  • Community Spa

Home Details

Home Type

Single Family

Est. Annual Taxes

$935

Year Built

Built in 1986

Lot Details

0

Parking

2

Listing Details

  • Directions: Hwy 36 from Kingsport thru Colonial Heights to left on Fordtown Rd. across bridge, left at stop sign on Beechwood Rd. Turn left on Lake Forest. House on right.
  • Prop. Type: Residential
  • Year Built: 1986
  • Garage Garage Spaces: 2
  • Property Sub Type: Single Family Residence
  • Reso Association Amenities: Landscaping, Spa/Hot Tub
  • 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 Zoning2: Residential
  • 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: 124x229
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 1644.0
  • General Property Description Above Grade SqFt: 1344.0
  • Appliances Refrigerators: Yes
  • General Property Description Parcel ID2: 013.00
  • General Property Description # Fireplaces: 1
  • Style Ranch: Yes
  • AC Heat Pump3: Yes
  • Financing FHA: Yes
  • General Property Description Stories2: 1
  • Roof Composition: Yes
  • AC Ceiling Fan(s): Yes
  • TopographyLot Description Sloped: Yes
  • Flooring Carpet: Yes
  • Flooring Laminate: Yes
  • Window Features Window Treatment-Some: Yes
  • Fireplace Basement3: Yes
  • Other Rooms Bonus Room3: Yes
  • Walls Paneling: Yes
  • Basement Workshop2: Yes
  • Flooring Parquet: Yes
  • Levels One: Yes
  • Structure Type:House: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Refrigerator
  • Has Basement: Partially Finished, Workshop
  • Flooring: Carpet, Laminate, Parquet
  • Interior Amenities: Primary Downstairs, Eat-in Kitchen, Laminate Counters
  • Window Features: Double Pane Windows, Insulated Windows, Window Treatment-Some
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 300.0
  • Fireplace Features: Basement, Den, Wood Burning Stove
  • Fireplaces: 1
  • Total Bedrooms: 7
  • General Property Description Baths - Full: 2
  • Interior Features:Eat-in Kitchen: Yes
  • Appliances Dishwasher: Yes
  • Interior Features:Laminate Counters: Yes
  • Other Rooms:Workshop: Yes
  • Fireplace:Den: Yes
  • Basement:Partially Finished: Yes
  • Interior Features:Primary Downstairs: Yes
  • Fireplace:Wood Burning Stove: Yes

Exterior Features

  • Property Condition: Above Average
  • Roof: Composition
  • Waterfront Features: Lake Privileges
  • Exterior Features: Garden
  • Topography: Sloped
  • Waterfront: Yes
  • Home Warranty: No
  • Construction Type: Brick, Wood Siding
  • Patio And Porch Features: Back, Covered, Deck, Front Patio, Front Porch
  • Exterior Finish Wood Siding: Yes
  • Exterior Finish Brick4: Yes
  • Window Features:Double Pane Windows: Yes
  • Window Features:Insulated Windows: Yes
  • Exterior Features:Garden: Yes
  • PorchPatioDeck Back: Yes
  • PorchPatioDeck Covered: Yes
  • PorchPatioDeck Deck: Yes
  • PorchPatioDeck Front Patio: Yes
  • PorchPatioDeck Front Porch: Yes
  • Waterfront Features:Lake Privileges: Yes

Garage/Parking

  • Parking Features: Asphalt, Attached, Garage Door Opener, Parking Spaces
  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features:Asphalt2: Yes
  • Parking Features:Attached: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Parking Spaces: Yes

Utilities

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

Condo/Co-op/Association

  • Association: Yes

Association/Amenities

  • AmenitiesLandscaping: Yes
  • Exterior Amenities:SpaHot Tub: Yes

Schools

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

Lot Info

  • Zoning: Residential
  • Lot Dimensions: 124x229
  • Parcel #: 013.00

Tax Info

  • Tax Book Number: 2176C

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 23, 2021
Sold by
Halback Mark W
Bought by
Halback Mark Walter and The Mark Walter Halback Living
Current Estimated Value
$309,487

Purchase Details

Listed on
Oct 17, 2012
Closed on
Nov 26, 2013
Sold by
Mcconnell Larry Ray
Bought by
Halback Mark W
Seller's Agent
LOUIS SHELTON
Century 21 Legacy Fort Henry
Buyer's Agent
Jack Clevinger
KW Johnson City
List Price
$169,900
Sold Price
$134,500
Premium/Discount to List
-$35,400
-20.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.44%
Source: Public Records

Range of Values:

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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
Halback Mark Walter -- None Available
Halback Mark W $134,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcconnell Larry R $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/26/2013 11/26/13 Sold $134,500 -20.8% $82 / Sq Ft
11/13/2013 11/13/13 Pending -- -- --
10/17/2012 10/17/12 For Sale $169,900 -- $103 / 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 $935 $37,475 $4,750 $32,725
2023 $902 $37,475 $4,750 $32,725
2022 $902 $37,475 $4,750 $32,725
2021 $902 $37,475 $4,750 $32,725
2020 $888 $37,475 $4,750 $32,725
2019 $888 $34,550 $4,750 $29,800
2018 $881 $34,550 $4,750 $29,800
2017 $881 $34,550 $4,750 $29,800
2016 $919 $35,700 $4,725 $30,975
2014 $823 $35,707 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    LOUIS SHELTON

    Century 21 Legacy Fort Henry

  • J

    Buyer's Agent in 2013

    Jack Clevinger

    KW Johnson City

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 325949

Tennessee/Virginia Regional MLS

APN: 107A-C-013.00

Tennessee Sullivan County Kingsport 37663

5040 Lake Forest Dr, Kingsport, TN

This home is located at 5040 Lake Forest Dr, Kingsport, TN 37663 since 17 October 2012 and is currently estimated at $309,487, approximately $188 per square foot. This property was built in 1986. 5040 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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