NOT LISTED FOR SALE

703 Fall St Unit 1-3 Johnson City, TN 37604

Estimated Value: $398,000 - $502,600

-- Bed
5 Baths
3,000 Sq Ft
$150/Sq Ft Est. Value

Last Sold May 02, 2022

Last sale price $400,000 $133 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,529/month

3 Days on Market

Highlights

  • Deck
  • Porch
  • Double Pane Windows
  • Liberty Bell Middle School Rated A
  • Eat-In Kitchen
  • Tile Flooring

About This Home

As of May 2022

Investors, don't miss out on this wonderful opportunity! A well established 3 unit complex, in the heart of Johnson City. Conveniently located next to Science Hill High School and just minutes from ETSU, Johnson City Mall, and multiple restaurants. Each unit consists of 2 bedroom, 1.5 baths. This property has been recently updated, Unit 1 and 2 have new life proof laminate flooring and lighting. Unit 3 has vinyl, tile, and carpet flooring throughout. The property has locked storage for each unit in the basement. This property has a strong rental history, with all units staying full in this highly desirable location. Units have a washer & dryer hookup, refrigerator, oven, and dishwasher. There is asphalt parking with 2 spaces for each unit. 24- hour notice for all appointments to accommodate tenants.

Last Agent to Sell the Property

Krystin Cantrell

Whitetail Properties Real Estate, LLC License #355476 Listed on: 03/24/2022

Whitetail Properties Real Estate, LLC

Last Buyer's Agent

Ana Bracero

Century 21 Legacy - Greeneville License #257770

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,060

Year Built

  • Built in 1987 | Remodeled

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 75 x 145
  • Level Lot
  • Property is in average condition

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,000 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Double Pane Windows
  • Fire and Smoke Detector
  • Washer and Electric Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Dishwasher
  • Laminate Countertops

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Basement

  • Walk-Out Basement
  • Exterior Basement Entry
  • Block Basement Construction

Outdoor Features

  • Deck
  • Porch

Schools

  • Woodland Elementary School
  • Liberty Bell Middle School
  • Science Hill High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 046o J 021.00
  • Tax Block 13

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,060

Year Built

Built in 1987 | Remodeled

Lot Details

0

Listing Details

  • Directions: *GPS Friendly* Take W Market St to Moorland Dr. Turn right onto Fall St. Property will be on the left 703 Fall St. Units 1-3
  • Prop. Type: Residential Income
  • Year Built: 1987
  • Property Sub Type: Other
  • Architectural Style: See Remarks
  • Unit Levels: Two
  • New Construction: No
  • Location Tax Legal Info Parcel ID: 046o J 021.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Acres: 0.25
  • General Property Description Zoning2: Commercial
  • General Property Description Elementary School3: Woodland Elementary
  • General Property Description Middle School2: Liberty Bell
  • General Property Description High School3: Science Hill
  • Water Public: Yes
  • Sewer Public Sewer: Yes
  • General Property Description Lot Dimensions: 75 X 145
  • AC Central Air: Yes
  • TopographyLot Description Level2: Yes
  • Flooring Tile2: Yes
  • Roof Shingle: Yes
  • AC Ceiling Fan(s): Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Carpet: Yes
  • Flooring Laminate: Yes
  • Utilities Cable Available: Yes
  • Foundation Block6: Yes
  • Location Tax Legal Info Block: 13
  • Property Condition UpdatedRemodeled: Yes
  • Flooring Vinyl: Yes
  • Property Condition Average: Yes
  • Basement Block4: Yes
  • General Property Description Total Units: 3
  • Levels:Two: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Range, Range
  • Has Basement: Block, Exterior Entry, Walk-Out Access
  • Flooring: Vinyl, Tile, Carpet, Laminate
  • Interior Amenities: Eat-in Kitchen, Laminate Counters, Remodeled, Smoke Detector(s), Other
  • Window Features: Double Pane Windows
  • Interior Features:Eat-in Kitchen: Yes
  • InteriorFeatures:Smoke Detector(s): Yes
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • InteriorFeatures:Remodeled: Yes
  • Interior Features:Laminate Counters: Yes
  • Basement:Exterior Entry: Yes
  • Basement:Walk-Out Access: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Other19: Yes

Exterior Features

  • Property Condition: Average, Updated/Remodeled
  • Roof: Shingle
  • Lot Features: Level
  • Acres: 0.25
  • Construction Type: Brick, Vinyl Siding
  • Foundation Details: Block
  • Patio And Porch Features: Deck, Porch
  • Exterior Finish Brick4: Yes
  • Exterior Finish Vinyl Siding: Yes
  • Window Features:Double Pane Windows: Yes
  • PorchPatioDeck Deck: Yes
  • PorchPatioDeck Porch: Yes

Garage/Parking

  • Parking Features: Asphalt, Parking Spaces
  • Attached Garage: No
  • Parking Features:Asphalt2: Yes
  • Parking Features:Parking Spaces: Yes

Utilities

  • Heating: Electric, Central
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric: Yes

Schools

  • Elementary School: Woodland Elementary
  • High School: Science Hill
  • Middle Or Junior School: Liberty Bell

Lot Info

  • Zoning: Commercial
  • Lot Dimensions: 75 X 145
  • Lot Size Sq Ft: 10890.0
  • ResoLotSizeUnits: Acres
  • Parcel #: 046o J 021.00
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 21, 2017
Sold by
Smith Ray C
Bought by
Smith Erin E and Smith Matthew
Current Estimated Value
$450,300

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,000
Outstanding Balance
$138,622
Interest Rate
3.9%
Mortgage Type
Commercial
Estimated Equity
$311,678

Purchase Details

Closed on
Mar 15, 2013
Sold by
Schnelle Wilbur J
Bought by
Smith Erin E and Smith Matthew A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,050
Interest Rate
3.57%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 2006
Sold by
Monforte Dianne M
Bought by
Schnelle Wilbur J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,800
Interest Rate
6.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 18, 2006
Sold by
Monforte Michael S
Bought by
Monforte Dianne M

Purchase Details

Closed on
Mar 17, 2006
Sold by
Monforte Michael S
Bought by
Monforte Dianne M

Purchase Details

Closed on
Feb 14, 2003
Bought by
Glover Daniel C and Glover Linda

Purchase Details

Closed on
Feb 20, 1998
Sold by
Glover Daniel C and Glover Linda
Bought by
Glover Daniel C and Glover Linda

Purchase Details

Closed on
Aug 6, 1986
Bought by
Glover Daniel C and Glover Linda Payne

Purchase Details

Closed on
Jan 1, 1985
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
Smith Erin E -- None Available
Smith Erin E $179,000 --
Schnelle Wilbur J $145,000 --
Monforte Dianne M -- --
Monforte Dianne M -- --
Glover Daniel C $119,000 --
Glover Daniel C $100 --
Glover Daniel C $2,300 --
-- $4,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Erin E $166,000
Previous Owner Smith Erin E $170,050
Previous Owner -- $108,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2022 05/02/22 Sold $400,000 0.0% $133 / Sq Ft
03/28/2022 03/28/22 Off Market $400,000 -- --
03/24/2022 03/24/22 For Sale $400,000 -- $133 / 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 $2,060 $120,440 $11,240 $109,200
2022 $1,533 $71,280 $8,840 $62,440
2021 $2,766 $71,280 $8,840 $62,440
2020 $2,752 $71,280 $8,840 $62,440
2019 $1,637 $71,280 $8,840 $62,440
2018 $2,937 $68,800 $5,880 $62,920
2017 $2,937 $68,800 $5,880 $62,920
2016 $2,924 $68,800 $5,880 $62,920
2015 $2,649 $68,800 $5,880 $62,920
2014 $2,477 $68,800 $5,880 $62,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 9935451

Tennessee/Virginia Regional MLS

APN: 046O-J-021.00