NOT LISTED FOR SALE

505 Clinchfield St Kingsport, TN 37660

Estimated Value: $190,000 - $233,000

4 Beds
2 Baths
1,450 Sq Ft
$147/Sq Ft Est. Value

Last Sold November 20, 2020

Last sale price $115,000 $79 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $1,324/month

72 Days on Market

Highlights

  • Covered Patio or Porch
  • 2 Car Detached Garage
  • Cooling Available
  • Ross N. Robinson Middle School Rated A
  • Double Pane Windows
  • Combination Kitchen and Dining Room

About This Home

As of November 2020

INVESTORS LOOKING FOR A RENTAL? GREAT OPPORTUNITY HERE, live in one side, rent out the other, OR JUST RENT THEM BOTH OUT, AIRBNB? SO MANY POSSIBILITIES!
NOT TO MENTION the garage! 2 bedroom 1 bath each. BOTH HAVE BEEN LEASED FOR YEARS. GREAT AREA with access to downtown life. NEW WINDOWS installed 2005, HVAC units appro 6 years, roof 2020

Last Agent to Sell the Property

Ella Scissom

Conservus Homes License #323949 Listed on: 07/06/2020

Last Buyer's Agent

Ella Scissom

Conservus Homes License #323949 Listed on: 07/06/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • Level Lot
  • Property is in good condition

Parking

  • 2 Car Detached Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof

Interior Spaces

  • 1,450 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Combination Kitchen and Dining Room
  • Crawl Space
  • Fire and Smoke Detector
  • Washer and Electric Dryer Hookup

Kitchen

  • Electric Range
  • Laminate Countertops

Flooring

  • Laminate
  • Vinyl

Outdoor Features

  • Covered Patio or Porch

Schools

  • Jackson Elementary School
  • Sevier Middle School
  • Dobyns Bennett High School

Utilities

  • Cooling Available
  • Heat Pump System

Community Details

  • 2 Units
  • Cherokee Village Subdivision

Listing and Financial Details

  • Assessor Parcel Number 046h L 002.00
  • Tax Block 2

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Directions: Sullivan Street to Clinchfield. look for the sign
  • Prop. Type: Residential Income
  • Year Built: 1960
  • Garage Garage Spaces: 2
  • Property Sub Type: Duplex
  • Subdivision Name: Cherokee Village
  • Architectural Style: Duplex
  • Unit Levels: One
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 046h L 002.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Zoning2: RS
  • General Property Description Elementary School3: Jackson
  • General Property Description Middle School2: Sevier
  • General Property Description High School3: Dobyns Bennett
  • Property Condition Above Average: Yes
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 90 x 150 IRR
  • Appliances Refrigerators: Yes
  • TopographyLot Description Level2: Yes
  • Roof Shingle: Yes
  • AC Heat Pump3: Yes
  • General Property Description Stories2: 1
  • Interior Features KitchenDining Combo: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Laminate: Yes
  • Foundation Block6: Yes
  • Location Tax Legal Info Block: 2
  • Flooring Vinyl: Yes
  • General Property Description # Buildings: 1
  • General Property Description Total Units: 2
  • General Property Description Home Warranty2: No
  • Style Duplex: Yes
  • Levels One: Yes
  • Special Features: None

Interior Features

  • Appliances: Electric Range, Refrigerator
  • Has Basement: Crawl Space
  • Flooring: Vinyl, Laminate
  • Interior Amenities: Kitchen/Dining Combo, Laminate Counters, Smoke Detector(s)
  • Window Features: Double Pane Windows
  • InteriorFeatures:Smoke Detector(s): Yes
  • Interior Features:Laminate Counters: Yes
  • Appliances:Electric Range: Yes
  • Basement:Crawl Space: Yes

Exterior Features

  • Property Condition: Above Average
  • Roof: Shingle
  • Lot Features: Level
  • Home Warranty: No
  • Construction Type: Brick
  • Foundation Details: Block
  • Patio And Porch Features: Covered, Front Porch, Rear Porch
  • Exterior Finish Brick4: Yes
  • Window Features:Double Pane Windows: Yes
  • PorchPatioDeck Covered: Yes
  • PorchPatioDeck Front Porch: Yes
  • PorchPatioDeck Rear Porch: Yes

Garage/Parking

  • Parking Features: Asphalt, Detached
  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features:Asphalt2: Yes
  • Parking Features:Detached: Yes

Utilities

  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Heat Pump2: Yes

Schools

  • Elementary School: Jackson
  • High School: Dobyns Bennett
  • Middle Or Junior School: Sevier

Lot Info

  • Zoning: RS
  • Lot Dimensions: 90 x 150 IRR
  • Parcel #: 046h L 002.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2020
Closed on
Nov 20, 2020
Sold by
Reed Melanie Joy and Mccloud Mark Thomas
Bought by
Clinchfield Llc
Seller's Agent
Ella Scissom
Conservus Homes
Buyer's Agent
Ella Scissom
Conservus Homes
List Price
$145,000
Sold Price
$115,000
Premium/Discount to List
-$30,000
-20.69%
Current Estimated Value
$213,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,808
Avg. Annual Appreciation
14.13%
Original Mortgage
$92,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 11, 2015
Sold by
Reed Gary W
Bought by
Mccloud Melanie Joy Reed and Mccloud Mark Thomas

Purchase Details

Closed on
Sep 15, 2011
Sold by
Reed Melanie Joy
Bought by
Reed Gary W and Reed Sharon W

Purchase Details

Closed on
Jun 26, 2003
Sold by
Pierce Harold W
Bought by
Reed Sharon W and Reed Gary W

Purchase Details

Closed on
Oct 28, 1988
Source: Public Records

Range of Values:

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Average Value
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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
Clinchfield Llc $115,000 Heritage Ttl & Closing Svcs
Mccloud Melanie Joy Reed -- --
Reed Gary W -- --
Reed Sharon W $85,000 --
-- $53,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clinchfield Llc $59,000
Closed Clinchfield Llc $92,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2020 11/20/20 Sold $115,000 -20.7% $79 / Sq Ft
09/17/2020 09/17/20 Pending -- -- --
07/06/2020 07/06/20 For Sale $145,000 -- $100 / 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 -- $43,360 $9,000 $34,360
2023 $1,909 $43,360 $9,000 $34,360
2022 $1,909 $43,360 $9,000 $34,360
2021 $1,858 $43,360 $9,000 $34,360
2020 $818 $43,360 $9,000 $34,360
2019 $1,475 $31,840 $4,920 $26,920
2018 $1,441 $31,840 $4,920 $26,920
2017 $1,441 $31,840 $4,920 $26,920
2016 $1,531 $32,960 $4,920 $28,040
2014 -- $32,957 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9909962

Tennessee/Virginia Regional MLS

APN: 046H-L-002.00