NOT LISTED FOR SALE

523 New Ave Erwin, TN 37650

Estimated Value: $436,597 - $466,000

3 Beds
3 Baths
2,996 Sq Ft
$152/Sq Ft Est. Value

Last Sold August 16, 2024

Last sale price $450,000 $150 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,525/month

354 Days on Market

Highlights

  • 0.63 Acre Lot
  • Partially Wooded Lot
  • 1 Fireplace
  • Cape Cod Architecture
  • Main Floor Bedroom
  • No HOA

About This Home

As of August 2024

If you're looking for a stately house with great curb appeal, in a very well established neighborhood, give some deep consideration to this great home.

The oversized front door allows easy access to the main level foyer, then immediately opens up to the living area, fireplace and kitchen. There is storage galore, with built in shelving and pantries / cupboards throughout the home.

This lovely home offers 3 well sized bedrooms (19' x 15'', 15' x 12' and 10' x 12') on the main level - something very unusual in any age home. The main bedroom is offset from the other bedrooms, allowing privacy. It also has a separate living area (26' x 14') that could either act as a private retreat for the main bedroom, or as additional entertaining area for guests. You'll also find 3 gas fire places, 2 upstairs and 1 downstairs.

Downstairs there is 800 additional square feet of living quarters where the prior owners had a guest suite which offered separate access, sleeping quarters, living area, kitchen and a full bathroom.

Off of the downstairs living area is another great entertainment area just over 500 square feet completely screened in where you can take in nature and relax.

The added bonus to this house is the drive way that wraps around the left side of the house and arrives at 2 garage doors on the lower level allowing access to approximately 1,300 square feet of unfinished space. To put it in perspective, this is almost 3 times the size of a standard 2 car garage. The first bay goes back 23' and the second one is 39' deep.

This home is walking distance to downtown and to the elementary, middle and high schools.

In summary, if you're looking for an above average home with lots of room to spread out (for people and for belongings), and you want a country feel but need access to the amenities in town - this may be the right home for you.

All information deemed reliable. Buyer / buyer's agent to verify all information.

Last Agent to Sell the Property

Shane O'Hare

REMAX Checkmate, Inc. Realtors License #353066 Listed on: 06/07/2024

REMAX Checkmate, Inc. Realtors

Last Buyer's Agent

Scott Metcalf

REMAX Checkmate, Inc. Realtors License #300248

REMAX Checkmate, Inc. Realtors

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1957

Lot Details

  • 0.63 Acre Lot
  • Lot Dimensions are 199' x 225' x 157' x 116'
  • Steep Slope
  • Cleared Lot
  • Partially Wooded Lot
  • Property is in good condition

Home Design

  • Cape Cod Architecture
  • Shingle Roof

Interior Spaces

  • 1 Fireplace
  • Living Room
  • Dining Room
  • Den

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms

Schools

  • Rock Creek Elementary School
  • Unicoi Co Middle School
  • Unicoi Co High School

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • FHA/VA Approved Complex

Listing and Financial Details

  • Assessor Parcel Number 023k F 012.00

Home Details

Home Type

Single Family

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Directions: Head northeast on S Main Ave toward Gay St 0.2 mi Turn right onto 1st St 0.1 mi Turn left onto N Elm Ave 0.2 mi Turn right onto Boyd St 0.2 mi Turn left onto New Ave
  • Prop. Type: Residential
  • Year Built: 1957
  • Property Sub Type: Single Family Residence
  • Bedroom 2 Level: First
  • Dining Room Level: First
  • Living Room Level: First
  • Subdivision Name: Not In Subdivision
  • Architectural Style: Cape Cod
  • New Construction: No
  • Reso Structure Type: House
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.63
  • General Property Description Zoning2: RES
  • General Property Description Elementary School3: Rock Creek
  • General Property Description Middle School2: Unicoi Co
  • General Property Description High School3: Unicoi Co
  • General Property Description HOA YN: No
  • Property Condition Above Average: Yes
  • Water Public: Yes
  • General Property Description Lot Dimensions: 199' x 225' x 157' x 116'
  • General Property Description Home Warranty: No
  • General Property Description Total SqFt Finished: 2996.0
  • General Property Description Above Grade SqFt: 2196.0
  • AC Central Air: Yes
  • General Property Description Parcel ID2: 023k F 012.00
  • General Property Description # Fireplaces: 1
  • Roof Shingle: Yes
  • Financing FHA: Yes
  • TopographyLot Description Rolling Slope: Yes
  • TopographyLot Description Cleared: Yes
  • Rooms Living Room2: Yes
  • Primary Bedroom Level: First
  • TopographyLot Description Part Wooded: Yes
  • TopographyLot Description Steep Slope: Yes
  • Structure Type:House: Yes
  • Special Features: None

Interior Features

  • Bedroom 3 Level: First
  • Den Level: Basement
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 800.0
  • Fireplace Features: Other
  • Fireplaces: 1
  • General Property Description Baths - Full: 3
  • Other Rooms:Dining Room: Yes
  • Other Rooms:Den2: Yes

Exterior Features

  • Property Condition: Above Average
  • Roof: Shingle
  • Acres: 0.63
  • Topography: Cleared, Part Wooded, Rolling Slope, Steep Slope
  • Home Warranty: No
  • Construction Type: Other

Utilities

  • Heating: Central
  • Cooling: Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Rock Creek
  • High School: Unicoi Co
  • Middle Or Junior School: Unicoi Co

Lot Info

  • Zoning: RES
  • Lot Dimensions: 199' x 225' x 157' x 116'
  • Lot Size Sq Ft: 27442.8
  • ResoLotSizeUnits: Acres
  • Parcel #: 023k F 012.00
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2024
Closed on
Aug 16, 2024
Sold by
King Carole Harrison and Faircloth Callie Harrison
Bought by
Miller Michael
Seller's Agent
Shane O'Hare
REMAX Checkmate, Inc. Realtors
Buyer's Agent
Scott Metcalf
REMAX Checkmate, Inc. Realtors
List Price
$495,000
Sold Price
$450,000
Premium/Discount to List
-$45,000
-9.09%
Views
53
Current Estimated Value
$454,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,199
Avg. Annual Appreciation
0.64%
Original Mortgage
$405,000
Outstanding Balance
$399,762
Interest Rate
6.95%
Mortgage Type
Credit Line Revolving
Estimated Equity
$54,437

Purchase Details

Closed on
Jun 1, 2006
Sold by
Curtis Clara T
Bought by
King Julian V
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Miller Michael $450,000 None Listed On Document
Miller Michael $450,000 None Listed On Document
King Julian V $243,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Michael $405,000
Closed Miller Michael $405,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2024 08/16/24 Sold $450,000 -9.1% $150 / Sq Ft
07/06/2024 07/06/24 Pending -- -- --
06/07/2024 06/07/24 For Sale $495,000 0.0% $165 / Sq Ft
05/16/2024 05/16/24 Pending -- -- --
04/10/2024 04/10/24 Price Changed $495,000 -6.7% $165 / Sq Ft
01/17/2024 01/17/24 For Sale $530,575 +17.9% $177 / Sq Ft
01/16/2024 01/16/24 Off Market $450,000 -- --
07/17/2023 07/17/23 For Sale $570,000 -- $190 / 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
2025 $1,986 $76,075 $10,800 $65,275
2024 $1,986 $76,075 $10,800 $65,275
2023 $1,986 $76,075 $0 $0
2022 $2,968 $76,075 $10,800 $65,275
2021 $2,794 $59,250 $10,800 $48,450
2020 $2,693 $59,250 $10,800 $48,450
2019 $2,693 $59,250 $10,800 $48,450
2018 $2,456 $59,250 $10,800 $48,450
2017 $2,447 $59,250 $10,800 $48,450
2016 $2,540 $62,025 $10,850 $51,175
2015 $2,334 $62,025 $0 $0
2014 $2,334 $62,025 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9954386

Tennessee/Virginia Regional MLS

APN: 023K-F-01200-000