NOT LISTED FOR SALE

545 Lovelace Rd Fall Branch, TN 37656

Estimated Value: $204,681 - $296,000

2 Beds
1 Bath
1,052 Sq Ft
$224/Sq Ft Est. Value

Last Sold November 15, 2022

Last sale price $187,000 $178 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $1,415/month

19 Days on Market

Highlights

  • Barn
  • Wooded Lot
  • Covered patio or porch
  • 32 Acre Lot
  • Cottage
  • 1 Car Detached Garage

About This Home

As of November 2022

REAL ESTATE AUCTION (TO BE HELD ON-SITE AT THE PROPERTY) : SATURDAY, OCTOBER 22nd AT 10:30 A.M. - Over 32, level to rolling, acres (surveyed-being sold as a whole) with approximately 1,800 feet of road frontage, improved with over 1,000 sq. ft. cottage style home with 2 bedrooms, full bath, living room, kitchen, den, partial unfinished basement, heat pump, and large detached garage. Well Water with Kingsport City Water on Lovelace Road • Nice Open Land That Includes Wooded Acreage • Beautiful Countryside Views • Convenient Location • Zoned A-1 • Presently on the Greenbelt • Excellent Road Frontage! ATTENTION: This is an auction and there is no price established.

Last Listed By

Danny Slater

SLATER AUCTION & REALTY GROUP Listed on: 10/02/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,280

Year Built

  • Built in 1946

Lot Details

  • 32 Acre Lot
  • Level Lot
  • Cleared Lot
  • Wooded Lot
  • Property is in average condition
  • Property is zoned A-1

Parking

  • 1 Car Detached Garage

Home Design

  • Cottage
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,052 Sq Ft Home
  • 1-Story Property
  • Unfinished Basement

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Fall Branch Elementary And Middle School
  • Daniel Boone High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Well
  • Septic Tank
  • Cable TV Available

Additional Features

  • Covered patio or porch
  • Barn

Listing and Financial Details

  • Auction
  • Assessor Parcel Number 005 017.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,280

Year Built

Built in 1946

Lot Details

0

Parking

1

Listing Details

  • Directions: Highway 93 in Fall Branch, Tennessee, turn on Lovelace Drive, go 1.3 miles to property on the Right. Watch for auction signs.
  • Prop. Type: Residential
  • Year Built: 1946
  • Garage Garage Spaces: 1
  • Property Sub Type: Single Family Residence
  • Subdivision Name: Not In Subdivision
  • Architectural Style: Cottage
  • Unit Levels: One
  • New Construction: No
  • Structure Type:House: Yes
  • Special Features: None

Interior Features

  • Has Basement: Unfinished
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Total Bedrooms: 5
  • Basement:Unfinished: Yes

Exterior Features

  • Property Condition: Average
  • Roof: Composition, Shingle
  • Other Structures: Barn(s)
  • Acres: 32.0
  • Topography: Cleared, Level, Rolling Slope, Wooded
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Covered, Front Porch, Side Porch

Garage/Parking

  • Parking Features: Detached
  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features:Detached: Yes

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public, Well, See Remarks
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes
  • Water Well: Yes

Schools

  • Elementary School: Fall Branch
  • High School: Daniel Boone
  • Middle Or Junior School: Fall Branch

Lot Info

  • Zoning: A-1
  • Lot Dimensions: See acres
  • Lot Size Sq Ft: 1393920.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 005 017.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Book Number: 633A

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2022
Closed on
Nov 15, 2022
Sold by
Mays Harold Keith
Bought by
Kolarsky Mark and Stanley Matthew
Seller's Agent
Danny Slater
SLATER AUCTION & REALTY GROUP
Buyer's Agent
Peggy Haynes
Century 21 Real Estate Group
List Price
$1
Sold Price
$187,000
Premium/Discount to List
$186,999
18699900%
Total Days on Market
19
Current Estimated Value
$235,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,920
Avg. Annual Appreciation
7.52%

Purchase Details

Closed on
Mar 23, 2020
Sold by
Mays Harold Keith
Bought by
Mays Patricia Ann and Mays Harold Keith

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
Kolarsky Mark $187,000 Heritage Title & Closing Servi
Mays Patricia Ann -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2022 11/15/22 Sold $187,000 +18699900.0% $178 / Sq Ft
10/22/2022 10/22/22 Pending -- -- --
10/02/2022 10/02/22 For Sale $1 -- $0 / 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 $1,280 $41,125 $20,275 $20,850
2023 $612 $41,125 $0 $0
2022 $50,600 $25,100 $10,950 $14,150
2021 $506 $25,100 $10,950 $14,150
2020 $0 $58,125 $43,975 $14,150
2019 $506 $25,100 $10,950 $14,150
2018 $506 $25,100 $10,950 $14,150
2017 $465 $23,550 $10,950 $12,600
2016 $441 $23,550 $10,950 $12,600
2015 $441 $23,550 $10,950 $12,600
2014 $441 $23,550 $10,950 $12,600
Source: Public Records

Agents Affiliated with this Home

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Source: Tennessee/Virginia Regional MLS

MLS Number: 9944113

Tennessee/Virginia Regional MLS

APN: 005-017.00