NOT LISTED FOR SALE

505 Crofford St Sevierville, TN 37862

Estimated Value: $968,106

-- Bed
12 Baths
5 Sq Ft
$193,621/Sq Ft Est. Value

Last Sold September 16, 2014

Last sale price $340,000 $68,000 Per Sq Ft

Est. 185% increase in value since last sale

Current estimated payment $5,538/month

197 Days on Market

Highlights

  • No HOA
  • Brick or Stone Mason
  • Wall Furnace
  • Gatlinburg Pittman High School Rated A-
  • Cooling System Mounted In Outer Wall Opening

About This Home

As of September 2014

This is a 12 unit apartment complex. Almost all units are rented at this time and the other 2 units are being used as storage. The units are located in the middle of Sevierville and close to the schools,grocery stores and Dr. offices.

Last Agent to Sell the Property

Marty Loveday

Marty Loveday & Assoc. RE & Auction Listed on: 01/23/2014

Last Buyer's Agent

Turby Treadway

Prime Mountain Properties License #268888

Prime Mountain Properties

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $3,090

Year Built

  • Built in 1972

Lot Details

  • 0.96 Acre Lot

Home Design

  • Brick or Stone Mason

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace

Community Details

  • No Home Owners Association
  • 12 Units

Listing and Financial Details

  • Tax Lot *

Property Details

Home Type

Apartment

Est. Annual Taxes

$3,090

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1972
  • Zoning: R-1
  • Reso Property Sub Type: Apartment
  • Road Frontage Type: City Street
  • Co List Office Mls Id: 215
  • Garage Yn: No
  • Location Tax and Legal Tax Lot2: *
  • Location Tax and Legal:Tax Annual Amount: 3090.0
  • Location Tax and Legal Tax Year2: 2012
  • General Property Information Lot Size Acres: 0.96
  • General Property Information Bonus Room YN2: No
  • General Property Information Home Warranty YN: No
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Cooling Wall Unit(s): Yes
  • General Property Information Number Of Units Total2: 12.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Street Number Modifier: 505

Exterior Features

  • Acres: 0.96
  • Home Warranty: No
  • Construction Type: Brick
  • Construction Materials:Brick: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Wall Unit(s)
  • Heating: Wall Furnace
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Wall Furnace: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 41817.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2012
  • Tax Annual Amount: 3090.0
  • Tax Lot: *

Multi Family

  • Number Of Units Total: 12

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2014
Closed on
Sep 16, 2014
Sold by
Newman Theodore Kent
Bought by
Marsiano Ofir
Seller's Agent
Marty Loveday
Marty Loveday & Assoc. RE & Auction
Buyer's Agent
Turby Treadway
Prime Mountain Properties
List Price
$560,000
Sold Price
$340,000
Premium/Discount to List
-$220,000
-39.29%
Current Estimated Value
$968,106

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$628,106
Avg. Annual Appreciation
9.89%
Original Mortgage
$220,000
Outstanding Balance
$168,487
Interest Rate
4.15%
Mortgage Type
Commercial
Estimated Equity
$799,619

Purchase Details

Closed on
Mar 25, 1997
Sold by
Newman Iris Roy and Newman Ted
Bought by
Newman Theodore K
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
Marsiano Ofir $340,000 --
Newman Theodore K -- --
Newman Teri K $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marsiano Ofir $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/15/2017 12/15/17 Off Market $340,000 -- --
09/16/2014 09/16/14 Sold $340,000 -39.3% $68,000 / Sq Ft
08/08/2014 08/08/14 Pending -- -- --
01/23/2014 01/23/14 For Sale $560,000 -- $112,000 / Sq Ft
Source: Great Smoky Mountains Association of REALTORS®

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
2025 $4,796 $162,040 $19,200 $142,840
2024 $4,796 $162,040 $19,200 $142,840
2023 $4,796 $162,040 $0 $0
2022 $3,087 $162,040 $19,200 $142,840
2021 $3,087 $162,040 $19,200 $142,840
2020 $3,680 $162,040 $19,200 $142,840
2019 $3,680 $156,120 $20,200 $135,920
2018 $3,680 $156,120 $20,200 $135,920
2017 $3,680 $156,120 $20,200 $135,920
2016 $3,388 $156,120 $20,200 $135,920
2015 -- $159,280 $0 $0
2014 $3,090 $159,273 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Marty Loveday

    Marty Loveday & Assoc. RE & Auction

  • Turby Treadway

    Buyer's Agent in 2014

    Turby Treadway

    Prime Mountain Properties

    (865) 388-0709

    47 in this area

    57 Total Sales

    Turby Treadway
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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 186723

Great Smoky Mountains Association of REALTORS®

APN: 061C-C-026.00

Tennessee Sevier County Sevierville 37862

505 Crofford St, Sevierville, TN

This home is located at 505 Crofford St, Sevierville, TN 37862 since 23 January 2014 and is currently estimated at $968,106, approximately $193,621 per square foot. This property was built in 1972. 505 Crofford St is a home located in Sevier County with nearby schools including Catons Chapel Elementary School, Northview Elementary School, and Jones Cove Elementary School.

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