NOT LISTED FOR SALE

622 N Cunningham Rd Seymour, TN 37865

Estimated Value: $876,500

-- Bed
3 Baths
1,996 Sq Ft
$439/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $800,000 $401 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $4,662/month

87 Days on Market

Highlights

  • Covered Patio or Porch
  • Balcony
  • Vinyl Flooring
  • Gatlinburg Pittman High School Rated A-
  • Central Heating

About This Home

As of June 2021

This investment features four adjoining individually parceled duplexes that have been meticulously maintained. The historical average occupancy is 100% and rent collections have been unaffected by the pandemic. Tenants enjoy spacious floor plans, vinyl flooring throughout, and decks with amazing views of the mountains. There is room to further increase rent. All utilities are paid by the tenants.

Unit Mix:
616 N Cunningham: (2) 2 BR 1 BA Units
618 N Cunningham: (1) 2 BR 2 BA Unit + (1) 1 BR 1 BA Unit
622 N Cunningham: (2) 2 BR 1.5 BA Unit + (1) 1 BR 1 BA Unit
628 N Cunningham: (2) 2 BR 1 BA Units

Note: Unit #2 in 616 N Cunningham will be held vacant for showings until March.

Last Agent to Sell the Property

Kevin Tipton

PWA Properties License #275491 Listed on: 02/06/2021

Co-Listed By

Cohl Morgan

PWA Properties License #351465

Last Buyer's Agent

Regina Santore

Wallace License #325979

Wallace

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $892

Year Built

  • Built in 2007

Lot Details

  • 0.6

Home Design

  • Vinyl Siding

Interior Spaces

  • Vinyl Clad Windows
  • Insulated Windows
  • Dishwasher

Flooring

  • Laminate
  • Vinyl

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Utilities

  • Central Heating

Community Details

  • 8 Units
  • Dot Spence Farm Subdivision

Listing and Financial Details

  • The owner pays for advertising
  • Assessor Parcel Number 034 051.04

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$892

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Directions: South on Chapman Highway to LT on Old Sevierville Pike to LT on N Cunningham Road to property on LT
  • Prop. Type: Multi-Family
  • Year Built: 2007
  • Lot Size: 4 Parcels
  • Co List Office Phone: 865-936-9999
  • Subdivision Name: Dot Spence Farm
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Refrigerator
  • Owner Pays: Advertising
  • Flooring: Laminate, Vinyl

Exterior Features

  • Exterior Features: Windows - Insulated, Windows - Vinyl, Porch - Covered, Balcony
  • Construction Type: Vinyl Siding

Utilities

  • Heating: Central
  • Heating Yn: Yes

Lot Info

  • Parcel #: 034 051.04

Multi Family

  • Number Of Units Total: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2022
Sold by
Nix Ralph J and Nix Jean M
Bought by
Nix Ralph J and Nix Jean M
Current Estimated Value
$876,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Outstanding Balance
$152,518
Interest Rate
3.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 31, 2017
Sold by
Ward Charles D
Bought by
K-5 Realty - The Bungalow Portfolio Llc

Purchase Details

Listed on
Jan 7, 2016
Closed on
Feb 29, 2016
Sold by
Branch Banking & Trust Co
Bought by
Ward Charles D
Seller's Agent
Garry King
Lands End Real Estate & Auctio
Buyer's Agent
Chase Lobetti
Ray DePue & Associates
Sold Price
$100,000

Purchase Details

Closed on
Aug 28, 2015
Sold by
Ogle Parlon J
Bought by
Branch Banking & Trust Co
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
Nix Ralph J -- None Listed On Document
K-5 Realty - The Bungalow Portfolio Llc $2,513,900 --
Ward Charles D $390,000 --
Branch Banking & Trust Co $114,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nix Ralph J $189,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/01/2021 06/01/21 Sold $800,000 +700.0% $401 / Sq Ft
02/29/2016 02/29/16 Sold $100,000 -- $50 / Sq Ft View Prior Sale
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
2025 $892 $60,240 $3,600 $56,640
2024 $892 $60,240 $3,600 $56,640
2023 $892 $60,240 $0 $0
2022 $892 $60,240 $3,600 $56,640
2021 $892 $60,240 $3,600 $56,640
2020 $899 $60,240 $3,600 $56,640
2019 $899 $48,320 $3,600 $44,720
2018 $899 $48,320 $3,600 $44,720
2017 $899 $48,320 $3,600 $44,720
2016 $899 $48,320 $3,600 $44,720
2015 -- $49,120 $0 $0
2014 $800 $49,106 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kevin Tipton

    Seller's Agent in 2021

    Kevin Tipton

    PWA Properties

    (865) 549-7469

    2 in this area

    98 Total Sales

    Kevin Tipton
    Section Image
  • Cohl Morgan

    Seller Co-Listing Agent in 2021

    Cohl Morgan

    PWA Properties

    (865) 603-9887

    1 in this area

    54 Total Sales

    Cohl Morgan
    Section Image

  • R

    Buyer's Agent in 2021

    Regina Santore

    Wallace

    (865) 742-3248

    1 in this area

    64 Total Sales

    Regina Santore
    Section Image

  • G

    Seller's Agent in 2016

    Garry King

    Lands End Real Estate & Auctio

    (865) 247-5704

    13 Total Sales

    Garry King
    Section Image

  • C

    Buyer's Agent in 2016

    Chase Lobetti

    Ray DePue & Associates

    (865) 805-6599

    46 Total Sales

    Chase Lobetti
    Section Image
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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1142146

East Tennessee REALTORS® MLS

APN: 034-051.04

Tennessee Sevier County Seymour 37865

622 N Cunningham Rd, Seymour, TN

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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