NOT LISTED FOR SALE

506 Summitt Ave Elizabethton, TN 37643

Estimated Value: $120,000 - $184,000

3 Beds
2 Baths
1,000 Sq Ft
$156/Sq Ft Est. Value

Last Sold May 02, 2022

Last sale price $160,000 $160 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $944/month

1 Day on Market

Highlights

  • Deck
  • Central Heating and Cooling System
  • Level Lot
  • 1-Story Property

About This Home

As of May 2022

Check out this great home in the heart of Elizabethton! This home has 3 Bedrooms, and 2 bathrooms. Walk in the front door to be greeted with the living room, and engineered hardwood floors throughout the home. As you walk through the living room 2 of the bedrooms and 1 bath will be to your left. Proceed on through the living room to a dining area and the kitchen. Through the kitchen is the third bedroom, and 2nd bathroom. This home has a nice back yard as well! All information herein deemed reliable, but subject to buyer's verification.

Last Agent to Sell the Property

Corey Tittle

KW Johnson City License #353232 Listed on: 04/01/2022

KW Johnson City

Last Buyer's Agent

Kaitlyn Simerly

The Wilson Agency License #363584

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $608

Year Built

  • Built in 1940

Lot Details

  • 5,227 Sq Ft Lot
  • Lot Dimensions are 37.5 x 150
  • Level Lot
  • Property is in good condition
  • Property is zoned R2

Parking

  • Gravel Driveway

Home Design

  • Brick Exterior Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,000 Sq Ft Home
  • 1-Story Property
  • Laminate Flooring
  • Washer and Electric Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Harold Mccormick Elementary School
  • T A Dugger Middle School
  • Elizabethton High School

Additional Features

  • Deck
  • Central Heating and Cooling System

Community Details

  • Home Real Estate Subdivision
  • FHA/VA Approved Complex

Listing and Financial Details

  • Assessor Parcel Number 041k M 003.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$608

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Directions: From Downtown Elizabethton, go south on Cedar St and pass Harold McCormick School. Left onto Summitt Ave. Home on right.
  • Prop. Type: Residential
  • Year Built: 1940
  • Property Sub Type: Single Family Residence
  • Subdivision Name: Home Real Estate
  • 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: 0.12
  • General Property Description Zoning2: R2
  • General Property Description Elementary School3: Harold Mccormick
  • General Property Description Middle School2: T A Dugger
  • General Property Description High School3: Elizabethton
  • Property Condition Above Average: Yes
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 37.5 x 150
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 1000.0
  • General Property Description Above Grade SqFt: 1000.0
  • AC Central Air: Yes
  • TopographyLot Description Level2: Yes
  • General Property Description Parcel ID2: 041k M 003.00
  • Financing FHA: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Laminate: Yes
  • Roof Metal3: Yes
  • Levels One: Yes
  • Structure Type:House: Yes
  • Special Features: None

Interior Features

  • Flooring: Laminate
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Total Bedrooms: 5
  • General Property Description Baths - Full: 2

Exterior Features

  • Property Condition: Above Average
  • Roof: Metal
  • Acres: 0.12
  • Topography: Level
  • Home Warranty: No
  • Construction Type: Brick, Vinyl Siding
  • Patio And Porch Features: Deck
  • Exterior Finish Brick4: Yes
  • Exterior Finish Vinyl Siding: Yes
  • PorchPatioDeck Deck: Yes

Garage/Parking

  • Parking Features: Gravel
  • Attached Garage: No
  • Parking Features:Gravel: Yes

Utilities

  • Heating: Central
  • Sewer: Public Sewer
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes

Schools

  • Elementary School: Harold Mccormick
  • High School: Elizabethton
  • Middle Or Junior School: T A Dugger

Lot Info

  • Zoning: R2
  • Lot Dimensions: 37.5 x 150
  • Lot Size Sq Ft: 5227.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 041k M 003.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Book Number: 295

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2022
Closed on
Apr 28, 2022
Sold by
Transformers Prime Investments Llc
Bought by
Hollars Ted W
Seller's Agent
Corey Tittle
KW Johnson City
Buyer's Agent
Kaitlyn Simerly
The Wilson Agency
List Price
$149,900
Sold Price
$160,000
Premium/Discount to List
$10,100
6.74%
Current Estimated Value
$163,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,143
Avg. Annual Appreciation
-0.86%

Purchase Details

Listed on
Apr 19, 2017
Closed on
Sep 11, 2017
Sold by
Taylor Miara and Taylor Nikos
Bought by
Transformers Prime Investments Llc
Seller's Agent
Sharron Saidla
KW Johnson City
Buyer's Agent
Sheryl Garland
Century 21 Legacy
List Price
$39,900
Sold Price
$24,000
Premium/Discount to List
-$15,900
-39.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
50.51%
Original Mortgage
$61,200
Interest Rate
3.91%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Oct 4, 2011
Sold by
Lyons Roger W
Bought by
Gehrke Miara

Purchase Details

Closed on
Jun 20, 2003
Sold by
Colbaugh Gerald
Bought by
Lyons Roger W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,923
Interest Rate
5.29%

Purchase Details

Closed on
Feb 4, 2003
Sold by
Jones Virginia
Bought by
Colbaugh Gereld

Purchase Details

Closed on
Aug 28, 2000
Sold by
Jones Percy W
Bought by
Colbaugh Gerald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,500
Interest Rate
7.93%

Purchase Details

Closed on
Sep 16, 1969
Bought by
Jones Percy W and Jones Virginia
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Hollars Ted W -- Malcolm W Derek
Transformers Prime Investments Llc $24,000 None Available
Gehrke Miara $37,000 --
Lyons Roger W $24,500 --
Colbaugh Gereld -- --
Colbaugh Gerald $14,000 --
Jones Percy W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Transformers Prime Investments Llc $61,200
Previous Owner Lyons Roger W $30,000
Previous Owner Lyons Roger W $29,923
Previous Owner Richard Colbaugh $5,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2022 05/02/22 Sold $160,000 +6.7% $160 / Sq Ft
04/03/2022 04/03/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $149,900 +524.6% $150 / Sq Ft
09/11/2017 09/11/17 Sold $24,000 -39.8% $33 / Sq Ft
09/03/2017 09/03/17 Pending -- -- --
04/19/2017 04/19/17 For Sale $39,900 -- $55 / 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 $608 $18,425 $2,625 $15,800
2023 $608 $18,425 $0 $0
2022 $663 $18,425 $2,625 $15,800
2021 $374 $18,425 $2,625 $15,800
2020 $660 $18,425 $2,625 $15,800
2019 $660 $15,275 $1,475 $13,800
2018 $650 $15,275 $1,475 $13,800
2017 $467 $10,975 $1,475 $9,500
2016 $465 $10,975 $1,475 $9,500
2015 $466 $10,975 $1,475 $9,500
2014 $450 $10,550 $1,475 $9,075
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9935837

Tennessee/Virginia Regional MLS

APN: 041K-M-003.00