NOT LISTED FOR SALE

575 1st St Unit 577 Newport, TN 37821

Estimated Value: $110,000 - $267,000

-- Bed
2 Baths
2,284 Sq Ft
$90/Sq Ft Est. Value

Last Sold September 08, 2022

Last sale price $92,000 $40 Per Sq Ft

Est. 125% increase in value since last sale

Current estimated payment $1,173/month

41 Days on Market

Highlights

  • Covered Patio or Porch
  • Newport Grammar School Rated A-
  • Heating System Uses Natural Gas

About This Home

As of September 2022

If you are looking for investment income property here is a good start this little Duplex offers 2 upstairs bedrooms, 1 bath, dining room and living room in each unit. One side has had some updating Conveniently Located to most everything this is your opportunity make it happen.

Last Agent to Sell the Property

JANICE JENKINS

BRIAN KELLER REALTY License #236361 Listed on: 07/29/2022

Last Buyer's Agent

Tammy Bryant

REALTY PROS License #267953

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $550

Year Built

  • Built in 1930

Lot Details

  • 2,178

Home Design

  • Duplex

Interior Spaces

  • Metal Fireplace
  • Fire and Smoke Detector
  • Electric Range

Laundry

  • Laundry on main level
  • Laundry in Kitchen
  • Washer

Schools

  • Newport Grammar Elementary School
  • Cocke High School

Utilities

  • No Cooling
  • Heating System Uses Natural Gas
  • Electric Water Heater

Additional Features

  • Covered Patio or Porch
  • 2,178 Sq Ft Lot
  • City Lot

Listing and Financial Details

  • Assessor Parcel Number 026.01
  • Tax Block 12

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $1,177
  • Net Operating Income $8,875

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$550

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Carport Y N: No
  • Year Built: 1930
  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.05
  • Lot Size: IRR
  • Subdivision Name: Other
  • Directions: From E Broadway Street turn right onto Lincoln Ave. then turn Right onto 1st street look for sign second building on the left.
  • Location Tax and Legal:Tax Annual Amount: 549.94
  • Location Tax and Legal:Parcel Number2: 026.01
  • Location Tax and Legal:Tax Block: 12
  • General Property Information:Lot Size Acres: 0.05
  • General Property Information:Lot Size Dimensions: IRR
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Location Tax and Legal:Elementary School: Newport Grammar
  • Location Tax and Legal:High School: Cocke
  • General Property Information:Fireplace YN: No
  • General Property Information:Spa YN: No
  • General Property Information:Home Warranty YN: No
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • General Property Information:Basement YN: No
  • Security Features:Smoke Detector(s): Yes
  • Gross Scheduled Income: 12000.0
  • Income And Expenses Maintenance Expense: 500.0
  • Income And Expenses New Taxes Expense: 517.13
  • Laundry Features:Main Level: Yes
  • General Property Information:Number Of Units Total2: 2.0
  • General Property Information:Number Of Buildings2: 1.0
  • Roof:Metal: Yes
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dryer, Electric Range, Electric Water Heater, Refrigerator, Washer
  • Basement: None
  • Number Of Buildings: 1
  • Private Spa: No
  • Basement YN: No
  • Fireplace Features: Metal
  • Fireplace: No
  • Community Features:None4: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Electric Water Heater: Yes
  • Laundry Features:In Kitchen: Yes
  • Basement:None3: Yes

Exterior Features

  • Exterior Features: None
  • Lot Features: City Lot
  • Home Warranty: No
  • Construction Type: Asphalt, Block
  • Patio And Porch Features: Covered, Porch
  • Lot Features:City Lot: Yes
  • Construction Materials:Block2: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Porch: Yes
  • Exterior Features:None6: Yes

Garage/Parking

  • General Property Information:Carport YN: No
  • Unit 1:Garage YN3: No
  • Unit 2:Garage YN4: No
  • Unit 3:Garage YN5: No
  • Unit 4:Garage YN6: No
  • Parking Features:Asphalt: Yes

Utilities

  • Cooling: None
  • Heating: Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: In Kitchen, Main Level
  • Cooling Y N: No
  • Heating Yn: Yes
  • Water Source: Public
  • Heating:Natural Gas: Yes

Condo/Co-op/Association

  • Community Features: None

Schools

  • Elementary School: Newport Grammar
  • High School: Cocke

Lot Info

  • Lot Size Sq Ft: 2178.0
  • Parcel #: 026.01
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 2
  • Income And Expenses Net Operating Income: 8875.0

Tax Info

  • New Taxes Expense: 517.13
  • Tax Annual Amount: 549.94
  • Tax Block: 12
  • Tax Map Number: 047N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2022
Closed on
Sep 8, 2022
Sold by
Gollobin Realty Llc
Bought by
Mccarter Ronald Lynn and Mccarter Molly Hensley
Seller's Agent
JANICE JENKINS
BRIAN KELLER REALTY
Buyer's Agent
Tammy Bryant
REALTY PROS
List Price
$89,900
Sold Price
$92,000
Premium/Discount to List
$2,100
2.34%
Current Estimated Value
$206,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,667
Avg. Annual Appreciation
29.51%
Original Mortgage
$60,000
Outstanding Balance
$57,346
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$149,321

Purchase Details

Closed on
Apr 13, 2017
Sold by
Gollobin Scott D
Bought by
Gollobin Realty Llc

Purchase Details

Listed on
Nov 21, 2016
Closed on
Jan 13, 2017
Sold by
Gregg Oscar Paul
Bought by
Gollobin Scott
Seller's Agent
Rae Massey
Massey Realty
Buyer's Agent
Cindy Cureton
Century 21 Four Seasons Realty Parkway
List Price
$62,500
Sold Price
$57,500
Premium/Discount to List
-$5,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.67%

Purchase Details

Closed on
Jan 1, 1984
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
Mccarter Ronald Lynn $92,000 --
Gollobin Realty Llc -- --
Gollobin Scott $57,500 --
-- $10,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccarter Ronald Lynn $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/08/2022 09/08/22 Sold $92,000 +2.3% $40 / Sq Ft
08/09/2022 08/09/22 Pending -- -- --
07/29/2022 07/29/22 For Sale $89,900 +56.3% $39 / Sq Ft
04/12/2020 04/12/20 Off Market $57,500 -- --
01/13/2017 01/13/17 Sold $57,500 -8.0% $27 / Sq Ft View Prior Sale
12/16/2016 12/16/16 Pending -- -- --
11/21/2016 11/21/16 For Sale $62,500 -- $29 / Sq Ft
Source: Lakeway Area Association of REALTORS®

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 $1,066 $21,440 $2,080 $19,360
2023 $1,066 $21,440 $2,080 $19,360
2022 $1,067 $21,440 $2,080 $19,360
2021 $1,067 $21,440 $2,080 $19,360
2020 $1,067 $21,440 $2,080 $19,360
2019 $1,103 $20,160 $2,080 $18,080
2018 $1,103 $20,160 $2,080 $18,080
2017 $1,128 $20,160 $2,080 $18,080
2016 $1,067 $19,480 $2,080 $17,400
2015 $885 $19,480 $2,080 $17,400
2014 $885 $19,480 $2,080 $17,400
2013 $885 $21,360 $3,320 $18,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lakeway Area Association of REALTORS®

MLS Number: 609199

Lakeway Area Association of REALTORS®

APN: 047N-I-026.01