NOT LISTED FOR SALE

619 Cates St Unit 625 Maryville, TN 37803

Estimated Value: $364,313 - $665,000

-- Bed
4 Baths
5,612 Sq Ft
$92/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $680,000 $121 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $3,055/month

Highlights

  • Wood Flooring
  • Covered Patio or Porch
  • 1-minute walk to College Hill Park
  • Sam Houston Elementary School Rated A
  • Central Heating

About This Home

As of December 2021

Huge Price Reduction! 6.1 Cap Rate! Amazing Maryville Location! Steps to Maryville College - Adjacent to College Park
Please don't let the exteriors fool you! These units show well inside. First time on the market in over 40 years. This complex consists of 2 buildings. 619 Cates contains 4 units. 707 Cates contains 6 units (Unit 713 was split into 713A & 713B- they share 1 electric & 1 water meter). 619 Cates has 4 electric meters & 1 water meter. 707 Cates has 5 elecric meters & 5 water meters. Current owner supplies all utilities & cable to 707 Cates. Going forward, it makes economic sense to transfer utilities to the tenants and stop paying cable which would greatly increase cash flow.

Last Agent to Sell the Property

Solange Velas

Goldman Partners Realty, LLC License #263596 Listed on: 09/17/2021

Last Buyer's Agent

John Burnett

Wallace

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,396

Year Built

  • Built in 1910

Lot Details

  • 0.42

Home Design

  • 5,612 Sq Ft Home
  • Stucco Exterior

Flooring

  • Wood
  • Carpet
  • Laminate
  • Vinyl

Additional Features

  • Covered Patio or Porch
  • 0.42 Acre Lot
  • Central Heating

Listing and Financial Details

  • The owner pays for taxes, insurance, lawn maintenance
  • Assessor Parcel Number 058H D 016.00 000

Community Details

Overview

  • 10 Units
  • Howe Addn Subdivision

Building Details

  • Operating Expense $43,167
  • Net Operating Income $42,613

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,396

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Directions: From Hwy 321 in downtown Maryville turn left (South) onto Cates. Property will be on your right adjacent to College Park.
  • Prop. Type: Multi-Family
  • Year Built: 1910
  • Lot Size Acres: 0.42
  • Lot Size: 215X106Xirreg
  • Subdivision Name: Howe Addn
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator
  • Owner Pays: Taxes, Insurance, Lawn Maintenance
  • Flooring: Laminate, Hardwood, Carpet, Vinyl

Exterior Features

  • Exterior Features: Porch - Covered
  • Construction Type: Stucco

Utilities

  • Heating: Central
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 18296.0
  • Parcel #: 058H D 016.00 000
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 10
  • Annual Gross Income: 95280.0
  • Property Net Operating Income: 42613.0
  • Annual Operating Expense: 43167.0

Tax Info

  • Tax Annual Amount: 3396.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2025
Sold by
Maganda Homes Llc
Bought by
Cpp Automation Technology Llc
Current Estimated Value
$515,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Outstanding Balance
$797,068
Interest Rate
6.67%
Mortgage Type
Construction
Estimated Equity
-$339,024

Purchase Details

Listed on
Sep 17, 2021
Closed on
Dec 17, 2021
Sold by
Daniels Evans Elizabeth Jean
Bought by
Maganda Homes Llc
Seller's Agent
Solange Velas
Goldman Partners Realty, LLC
Buyer's Agent
John Burnett
Wallace
Sold Price
$680,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-10.00%
Original Mortgage
$664,000
Interest Rate
2.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 1986
Bought by
Evans John Michael and Elizabeth Jean

Purchase Details

Closed on
Jan 1, 1984
Source: Public Records

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
Cpp Automation Technology Llc $850,000 Certified Title
Cpp Automation Technology Llc $850,000 Certified Title
Maganda Homes Llc $680,000 New Title Company Name
Evans John Michael $20,000 --
-- $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cpp Automation Technology Llc $800,000
Closed Cpp Automation Technology Llc $800,000
Previous Owner Maganda Homes Llc $51,000
Previous Owner Maganda Homes Llc $664,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $680,000 -- $121 / Sq Ft
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 -- $120,720 $24,320 $96,400
2023 $3,730 $120,720 $24,320 $96,400
2022 $1,704 $69,000 $17,520 $51,480
2021 $33 $69,000 $17,520 $51,480
2020 $3,270 $69,000 $17,520 $51,480
2019 $3,270 $69,000 $17,520 $51,480
2018 $2,836 $59,840 $11,800 $48,040
2017 $2,836 $59,840 $11,800 $48,040
2016 $2,777 $59,840 $11,800 $48,040
2015 $2,585 $59,840 $11,800 $48,040
2014 $2,205 $59,840 $11,800 $48,040
2013 $2,205 $51,040 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Solange Velas

    Seller's Agent in 2021

    Solange Velas

    Goldman Partners Realty, LLC

    (865) 444-3240

    16 in this area

    151 Total Sales

    Solange Velas
    Section Image

  • J

    Buyer's Agent in 2021

    John Burnett

    Wallace

    (865) 414-7943

    1 in this area

    18 Total Sales

    John Burnett
    Section Image
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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1167972

East Tennessee REALTORS® MLS

APN: 058H-D-016.00

Tennessee Blount County Maryville 37803

619 Cates St Unit 625, Maryville, TN

This home is located at 619 Cates St Unit 625, Maryville, TN 37803 since 17 September 2021 and is currently estimated at $515,078, approximately $91 per square foot. This property was built in 1910. 619 Cates St Unit 625 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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