NOT LISTED FOR SALE

510 N Houston St Unit 516 Maryville, TN 37801

Estimated Value: $410,000 - $626,009

-- Bed
4 Baths
3,242 Sq Ft
$159/Sq Ft Est. Value

Last Sold March 31, 2023

Last sale price $525,000 $162 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,170/month

92 Days on Market

Highlights

  • Main Floor Bedroom
  • Patio
  • Shed
  • Sam Houston Elementary School Rated A
  • Storage
  • Zoned Heating and Cooling System

About This Home

As of March 2023

100% occupied income producing 4-plex in the center of Maryville. This property was built in 1945 and is approx 3242 sqft on .32 acres. Each unit is currently rented and income producing. Each tenant responsible for individual utilities, owner responsible for lawn care. Additionally this property has a detached garage with electricity which could provide additional income, current rent rates are under market value due to long term consistent payment tenants so this property has upside potential as well. Current yearly gross income is $37,500, taxes per year are $3365.40. Deposits and leases on file for all 4 units, professional management is in place and can remain with agreement. Several updates have been made, call for income/expense breakdown and more information.

Last Agent to Sell the Property

Robert Smith

Brick & Mortar Properties, LLC License #326206 Listed on: 11/11/2022

Last Buyer's Agent

Beverly Linkous

Keller Williams

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,612

Year Built

  • Built in 1945

Lot Details

  • Lot Dimensions are 120x114

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Frame Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • Main Floor Bedroom
  • 3,242 Sq Ft Home
  • Ceiling Fan
  • Storage
  • Washer and Dryer Hookup
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • On-Site Parking
  • Off-Street Parking

Outdoor Features

  • Patio
  • Shed

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • The owner pays for advertising, taxes, leasing fees, insurance, lawn maintenance
  • Assessor Parcel Number 057E B 045.00

Community Details

Overview

  • 4 Units
  • Homewood Subdivision

Building Details

  • Operating Expense $10,575
  • Net Operating Income $26,926

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,612

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Directions: From Hwy 321 in Maryville (W Lamar Alexander Pkwy) turn onto N Houston. Property on your right.
  • Prop. Type: Multi-Family
  • Year Built: 1945
  • Lot Size: 120X114
  • Subdivision Name: Homewood
  • Siding:Vinyl2: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Cooling: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Fuel:Gas (Natural): Yes
  • Heat:Central: Yes
  • Appliances Refrigerators: Yes
  • Misc Features:WasherDryer Connect: Yes
  • Floors:Laminate: Yes
  • Siding:Brick2: Yes
  • General Property Description:Driveway: Individual
  • Roof:Metal4: Yes
  • Property Sub-Type:Four Plex: Yes
  • Miscellaneous:WasherDryer Cnctns: Yes
  • Miscellaneous:Storage Space: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Smoke Detector, Refrigerator
  • Owner Pays: Advertising, Taxes, Leasing Fees, Insurance, Lawn Maintenance
  • Flooring: Laminate, Carpet, Vinyl
  • ResoLivingAreaSource: Owner
  • Appliances Range: Yes
  • Appliances:Smoke Detector: Yes
  • Other Rooms:Mstr Bdrm Main Level: Yes
  • Other Rooms:Bedroom Main Level: Yes
  • Other Rooms:Other27: Yes

Exterior Features

  • Exterior Features: Patio
  • Construction Type: Vinyl Siding, Brick
  • Construction:Frame: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Shed: Yes

Garage/Parking

  • GarageParking:Off-Street Parking: Yes
  • GarageParking:On Premise Parking: Yes

Utilities

  • Heating: Central
  • Heating Yn: Yes

Lot Info

  • Parcel #: 057E B 045.00

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 37500.0
  • Property Net Operating Income: 26926.0
  • Annual Operating Expense: 10575.0

Tax Info

  • Tax Annual Amount: 1611.7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2022
Closed on
Mar 31, 2023
Sold by
Ceamaigh Family Llc
Bought by
Howell Lee and Howell Jennifer
Seller's Agent
Robert Smith
Brick & Mortar Properties, LLC
Buyer's Agent
Beverly Linkous
Keller Williams
List Price
$550,000
Sold Price
$525,000
Premium/Discount to List
-$25,000
-4.55%
Views
102
Current Estimated Value
$515,752

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,248
Avg. Annual Appreciation
1.03%
Original Mortgage
$393,750
Outstanding Balance
$384,902
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$153,222

Purchase Details

Closed on
Jul 7, 2022
Sold by
Carney and Shennan
Bought by
Cearnaigh Family Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.23%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 25, 2017
Closed on
Sep 8, 2017
Sold by
King Scott A
Bought by
Carney Edward
Seller's Agent
Robert Smith
ReMax First
Buyer's Agent
Robert Smith
ReMax First
Sold Price
$170,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.56%

Purchase Details

Closed on
Apr 12, 2001
Bought by
King Scott A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,590
Interest Rate
6.98%

Purchase Details

Closed on
May 12, 1975
Bought by
Abbott Kenneth G
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
Howell Lee $525,000 Premier Title Group
Cearnaigh Family Llc -- Desands P
Carney Edward $170,000 --
King Scott A $88,000 --
Abbott Kenneth G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Howell Lee $393,750
Previous Owner Cearnaigh Family Llc $180,000
Previous Owner King Scott A $94,200
Previous Owner King Scott A $18,180
Previous Owner King Scott A $22,346
Previous Owner King Scott A $25,000
Previous Owner Scott King $86,590
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2023 03/31/23 Sold $525,000 -4.5% $162 / Sq Ft
02/12/2023 02/12/23 Pending -- -- --
11/11/2022 11/11/22 For Sale $550,000 +223.5% $170 / Sq Ft
09/08/2017 09/08/17 Sold $170,000 0.0% $64 / Sq Ft
08/28/2017 08/28/17 Rented $650 -- --
Source: East Tennessee REALTORS® 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 -- $139,440 $20,800 $118,640
2023 $4,309 $139,440 $20,800 $118,640
2022 $1,754 $71,000 $6,800 $64,200
2021 $3,366 $71,000 $6,800 $64,200
2020 $3,366 $71,000 $6,800 $64,200
2019 $3,366 $71,000 $6,800 $64,200
2018 $2,836 $59,840 $5,720 $54,120
2017 $2,836 $59,840 $5,720 $54,120
2016 $2,777 $59,840 $5,720 $54,120
2015 $2,585 $59,840 $5,720 $54,120
2014 $2,206 $59,840 $5,720 $54,120
2013 $2,206 $51,080 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Robert Smith

    Seller's Agent in 2023

    Robert Smith

    Brick & Mortar Properties, LLC

    (865) 544-8606

    8 in this area

    19 Total Sales

    Robert Smith
    Section Image

  • B

    Buyer's Agent in 2023

    Beverly Linkous

    Keller Williams

See All Agents

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1211576

East Tennessee REALTORS® MLS

APN: 057E-B-045.00

Tennessee Blount County Maryville 37801

510 N Houston St Unit 516, Maryville, TN

This home is located at 510 N Houston St Unit 516, Maryville, TN 37801 since 11 November 2022 and is currently estimated at $515,752, approximately $159 per square foot. This property was built in 1945. 510 N Houston St Unit 516 is a home located in Blount County with nearby schools including Sam Houston Elementary School, Maryville Junior High School, and Montgomery Ridge Intermediate School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

East Tennessee REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.

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