NOT LISTED FOR SALE

515 W Magnolia Ave Unit 1,2 Johnson City, TN 37604

South Side Johnson City Neighborhood

Estimated Value: $146,000 - $326,667

-- Bed
-- Bath
-- Sq Ft
0.34 Acres

Last Sold May 26, 2016

Last sale price $105,000

Est. 90% increase in value since last sale

Current estimated payment $1,137/month

345 Days on Market

Highlights

  • Deck
  • Living Room with Fireplace
  • Eat-In Kitchen
  • South Side Elementary School Rated A
  • Front Porch
  • Double Pane Windows

About This Home

As of May 2016

Looking for a great investment? This duplex is just a couple of minutes from ETSU, VA, JCMC, downtown, etc., and has excellent rental history. Two very spacious units with 2 bedrooms 1 bath each. Well equipped kitchens, each unit has a gas fireplace with gas logs, and gas wall heaters. Large rooms, washer and dryer hookups, large yard, and more. Owner provides lawn care and water. Tenants pay for power. Info deemed reliable but not guaranteed. Buyer or buyer's agent to verify.

Last Agent to Sell the Property

Richard Banks

North East Tennessee Real Estate, LLC License #255057 Listed on: 06/12/2015

Last Buyer's Agent

Douglas Langley

Landmark Realty Co. License #271407

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $869

Year Built

  • Built in 1930 | Remodeled

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100x150
  • Landscaped
  • Level Lot
  • Garden
  • Property is in good condition

Home Design

  • Duplex
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • Walk-In Closet
  • 2-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • 2 Fireplaces
  • Unfinished Basement
  • Exterior Basement Entry
  • Fire and Smoke Detector
  • Washer and Gas Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Outdoor Features

  • Deck
  • Patio
  • Front Porch

Schools

  • South Side Elementary School
  • Indian Trail Middle School
  • Science Hill High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • Gross Income $13,140

Listing and Financial Details

  • Assessor Parcel Number 054L B 015.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$869

Year Built

Built in 1930 | Remodeled

Lot Details

0

Listing Details

  • Directions: From I26 take Exit 24 onto University Parkway, right on Knox, left on Magnolia, Building on left.
  • Prop. Type: Residential Income
  • Year Built: 1930
  • Property Sub Type: Duplex
  • Reso Association Amenities: Landscaping
  • Unit Levels: One and One Half
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 054L B 015.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.34
  • General Property Description Zoning2: CM
  • General Property Description Elementary School3: South Side
  • General Property Description Middle School2: Indian Trail
  • General Property Description High School3: Science Hill
  • Property Condition Above Average: Yes
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 100X150
  • Appliances Refrigerators: Yes
  • TopographyLot Description Level2: Yes
  • General Property Description # Fireplaces: 2
  • General Property Description Stories2: 2
  • Roof Composition: Yes
  • AC Ceiling Fan(s): Yes
  • TopographyLot Description Sloped: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Carpet: Yes
  • Excluded From Sale A C Window Units: Yes
  • Flooring Vinyl: Yes
  • Laundry Features Gas Dryer Hookup: Yes
  • General Property Description # Buildings: 1
  • Utilities Cable Connected2: Yes
  • Levels One and One Half: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Has Basement: Exterior Entry, Unfinished
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Eat-in Kitchen, Pantry, Remodeled, Smoke Detector(s), Walk-In Closet(s)
  • Window Features: Double Pane Windows
  • Fireplace Features: Gas Log, Living Room
  • Fireplaces: 2
  • Interior Features:Eat-in Kitchen: Yes
  • Interior Features:Pantry: Yes
  • InteriorFeatures:Smoke Detector(s): Yes
  • Appliances Dishwasher: Yes
  • InteriorFeatures:Remodeled: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Fireplace:Gas Log: Yes
  • Fireplace:Living Room: Yes
  • Basement:Exterior Entry: Yes
  • Appliances:Electric Range: Yes
  • Basement:Unfinished: Yes

Exterior Features

  • Property Condition: Above Average
  • Roof: Composition
  • Lot Features: Sloped, Level
  • Exterior Features: Garden, Sidewalk
  • Acres: 0.34
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Deck, Front Patio, Front Porch, Porch, Side Porch
  • Exterior Finish Vinyl Siding: Yes
  • Window Features:Double Pane Windows: Yes
  • Exterior Features:Garden: Yes
  • PorchPatioDeck Deck: Yes
  • PorchPatioDeck Front Patio: Yes
  • PorchPatioDeck Front Porch: Yes
  • PorchPatioDeck Porch: Yes
  • PorchPatioDeck Side Porch: Yes

Garage/Parking

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

Utilities

  • Heating: See Remarks, Other, Natural Gas, Fireplace(s)
  • Sewer: Public Sewer
  • Utilities: Cable Connected
  • Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup
  • Cooling: Ceiling Fan(s), Window Unit(s)
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Fireplace(s): Yes
  • Heating:Natural Gas2: Yes
  • Heating:See Remarks10: Yes
  • Heating:Other12: Yes

Association/Amenities

  • AmenitiesLandscaping: Yes

Schools

  • Elementary School: South Side
  • High School: Science Hill
  • Middle Or Junior School: Indian Trail

Lot Info

  • Zoning: CM
  • Lot Dimensions: 100X150
  • Lot Size Sq Ft: 14810.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 054L B 015.00
  • ResoLotSizeUnits: Acres

Multi Family

  • Annual Gross Income: 13140.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 17, 2025
Sold by
Miller Hugh Andrew
Bought by
Jb Investments Llc
Current Estimated Value
$199,917

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,632
Outstanding Balance
$210,686
Interest Rate
6.65%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$18,418

Purchase Details

Closed on
Jan 12, 2024
Sold by
Ekre Of Tn Llc
Bought by
Miller Hugh Andrew

Purchase Details

Closed on
Jan 18, 2022
Sold by
Hugh Miller Iii and Hugh Anita Joy
Bought by
Ekre Of Tn Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,000
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 12, 2015
Closed on
May 26, 2016
Sold by
Mcqueen Joseph M
Bought by
Miller Hugh and Miller Joy Annita
Seller's Agent
Richard Banks
North East Tennessee Real Estate, LLC
Buyer's Agent
Douglas Langley
Landmark Realty Co.
List Price
$110,000
Sold Price
$105,000
Premium/Discount to List
-$5,000
-4.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.72%
Original Mortgage
$84,000
Interest Rate
2.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 9, 2015
Sold by
Mcqueen Joseph M
Bought by
Mcqueen Joseph M

Purchase Details

Closed on
May 21, 2013
Sold by
Rhudy Linnie H
Bought by
Mcqueen Joseph M and Mcqueen Sharon M

Purchase Details

Closed on
Jun 15, 2011
Sold by
Garrett Robert
Bought by
Rhudy Linnie H and Rhudy Sheri K

Purchase Details

Closed on
Jan 9, 1990
Bought by
Garrett Robert & Karen % All American Realty
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
Jb Investments Llc $145,000 None Listed On Document
Miller Hugh Andrew $160,071 Clearedge Title
Ekre Of Tn Llc $179,900 New Title Company Name
Ekre Of Tn Llc $179,900 New Title Company Name
Miller Hugh $105,000 --
Mcqueen Joseph M -- --
Mcqueen Joseph M $95,000 --
Rhudy Linnie H $39,300 --
Garrett Robert & Karen % All American Realty $17,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jb Investments Llc $212,632
Previous Owner Miller Hugh Andrew $300,000
Previous Owner Ekre Of Tn Llc $129,000
Previous Owner Ekre Of Tn Llc $142,000
Previous Owner Miller Hugh $84,000
Previous Owner Rhudy Linnie H $79,200
Previous Owner Garrett Robert $37,500
Previous Owner Robert Garrett $54,900
Previous Owner Robert Garrett $71,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/26/2016 05/26/16 Sold $105,000 -4.5% --
05/23/2016 05/23/16 Pending -- -- --
06/12/2015 06/12/15 For Sale $110,000 -- --
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 $869 $50,825 $9,850 $40,975
2022 $653 $30,375 $6,250 $24,125
2021 $1,179 $30,375 $6,250 $24,125
2020 $1,172 $30,375 $6,250 $24,125
2019 $569 $30,375 $6,250 $24,125
2018 $1,021 $23,900 $6,250 $17,650
2017 $1,021 $23,900 $6,250 $17,650
2016 $1,509 $23,900 $6,250 $17,650
2015 $1,367 $35,520 $10,000 $25,520
2014 $1,279 $35,520 $10,000 $25,520
Source: Public Records

Agents Affiliated with this Home

  • Richard Banks

    Seller's Agent in 2016

    Richard Banks

    North East Tennessee Real Estate, LLC

    (423) 282-1050

    2 in this area

    80 Total Sales

    Richard Banks
    Section Image

  • D

    Buyer's Agent in 2016

    Douglas Langley

    Landmark Realty Co.

  • T

    Buyer's Agent in 2016

    TROY BOWMAN

    CENTURY 21 TIME REALTY, INC.

See All Agents

Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 363936

Tennessee/Virginia Regional MLS

APN: 054L-B-015.00

Tennessee Washington County Johnson City 37604 South Side Johnson City

515 W Magnolia Ave Unit 1,2, Johnson City, TN

This home is located at 515 W Magnolia Ave Unit 1,2, Johnson City, TN 37604 since 12 June 2015 and is currently estimated at $199,917. This property was built in 1930. 515 W Magnolia Ave Unit 1,2 is a home located in Washington County with nearby schools including South Side Elementary School, Liberty Bell Middle School, and Indian Trail Middle School.

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Listing information is deemed reliable, but not guaranteed.

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