NOT LISTED FOR SALE

Estimated Value: $483,191 - $549,000

-- Bed
6 Baths
2,855 Sq Ft
$182/Sq Ft Est. Value

Last Sold September 27, 2023

Last sale price $479,000 $168 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,931/month

288 Days on Market

Highlights

  • Efficiency Studio
  • Tile Flooring
  • Central Heating and Cooling System
  • Double Pane Windows

About This Home

As of September 2023

Great location. Corner lot. Stone and brick 6-plex. All units occupied. Four one-bedroom, one two-bedroom and one efficiency apartment. New roof 2016. All units have central H&A except Unit 5 which has a mini split. Seller unsure at time of listing if parking is on public right of way or property to be conveyed. Income and expenses listed in MLS are from current rent roll - 10% - annual expenses of $13,970 from 2022. Monthly rent income effective 7/1/2023 is $4,450.

Last Agent to Sell the Property

Ron Daughtrey

Worley Builders, Inc. License #230127 Listed on: 10/28/2022

Co-Listed By

Elizabeth Russell

Worley Builders, Inc. License #321526

Last Buyer's Agent

Larry Smith

Wattenbarger-Smith Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,511

Year Built

  • Built in 1930

Lot Details

  • 11,180 Sq Ft Lot

Home Design

  • Converted Dwelling
  • Brick Exterior Construction
  • Frame Construction
  • Asphalt Roof
  • Aluminum Siding
  • Stone Siding
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 2,855 Sq Ft Home
  • Double Pane Windows
  • Efficiency Studio
  • Range

Flooring

  • Carpet
  • Tile
  • Vinyl

Parking

  • On-Street Parking
  • On-Site Parking
  • Off-Street Parking

Schools

  • Fountain City Elementary School
  • Gresham Middle School
  • Central High School

Utilities

  • Central Heating and Cooling System
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • The owner pays for advertising, trash collection, taxes, insurance, lawn maintenance
  • Assessor Parcel Number 058CB04901
  • Tax Block 67

Community Details

Overview

  • 6 Units
  • Fountain City Co Resub Subdivision

Pet Policy

  • No Pets Allowed

Building Details

  • Operating Expense $13,970
  • Net Operating Income $34,090

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,511

Year Built

Built in 1930

Lot Details

0.26 Acres

Listing Details

  • Directions: N on Broadway, R on Gresham, bear R at Gresham Middle School, bear R again on Gresham. Located at the corner of Gresham and Vitex.
  • Prop. Type: Multi-Family
  • Year Built: 1930
  • Lot Size Acres: 0.26
  • Lot Size: 100 X 113.13 X IRR
  • Co List Office Phone: 865-922-2600
  • Subdivision Name: Fountain City Co Resub
  • General Property Description:Lot Size SqFt: 11180.0
  • Contract Info:List PriceSqFt2: 175.13
  • Siding:Vinyl2: Yes
  • Cooling:Central Cooling: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Fuel:Electric: Yes
  • Heat:Central: Yes
  • Appliances Refrigerators: Yes
  • Siding:Stone3: Yes
  • Siding:Brick2: Yes
  • Floors:Tile2: Yes
  • Siding:Aluminum Siding: Yes
  • General Property Description:Driveway: NA
  • Property Sub-Type:House Converted: Yes
  • Misc Features:Internet Available2: Yes
  • Miscellaneous:TV Cable Available: Yes
  • Property Sub-Type:Apartment: Yes
  • Property Sub-Type:Five or Six Plex: Yes
  • Type of Units:Efficiency Unit: Yes
  • Roof:Asphalt: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Refrigerator
  • Owner Pays: Advertising, Trash Collection, Taxes, Insurance, Lawn Maintenance
  • Flooring: Carpet, Vinyl, Tile
  • Appliances Range: Yes
  • Other Rooms:Other27: Yes

Exterior Features

  • Exterior Features: Windows - Dble Pane
  • Construction Type: Stone, Vinyl Siding, Aluminum Siding, Brick, Frame
  • Construction:Frame: Yes
  • Construction:Masonry: Yes
  • Exterior Features:Windows - Dble Pane: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Premise Parking, On-Street Parking, Off-Street Parking
  • GarageParking:Off-Street Parking: Yes
  • GarageParking:On-Street Parking: Yes
  • GarageParking:On Premise Parking: Yes

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Condo/Co-op/Association

  • Pets Allowed: No

Schools

  • Elementary School: Fountain City
  • High School: Central
  • Middle Or Junior School: Gresham

Lot Info

  • Lot Size Sq Ft: 11180.0
  • Parcel #: 058CB04901
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 48060.0
  • Property Net Operating Income: 34090.0
  • Annual Operating Expense: 13970.0

Tax Info

  • Tax Annual Amount: 2510.84
  • Tax Block: 67

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 28, 2022
Closed on
Sep 27, 2023
Sold by
Hansard Norma Lynn
Bought by
George Raymond
Seller's Agent
Ron Daughtrey
Worley Builders, Inc.
Buyer's Agent
Larry Smith
Wattenbarger-Smith Real Estate
List Price
$525,000
Sold Price
$479,000
Premium/Discount to List
-$46,000
-8.76%
Views
186
Current Estimated Value
$520,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,298
Avg. Annual Appreciation
3.36%
Original Mortgage
$479,000
Outstanding Balance
$468,911
Interest Rate
7.23%
Mortgage Type
New Conventional
Estimated Equity
$51,387
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
George Raymond $479,000 Tallent Title Group
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open George Raymond $479,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2023 09/27/23 Sold $479,000 -4.2% $168 / Sq Ft
08/13/2023 08/13/23 Pending -- -- --
08/08/2023 08/08/23 Price Changed $500,000 -4.8% $175 / Sq Ft
07/27/2023 07/27/23 For Sale $525,000 0.0% $184 / Sq Ft
07/22/2023 07/22/23 Pending -- -- --
06/28/2023 06/28/23 Price Changed $525,000 0.0% $184 / Sq Ft
06/28/2023 06/28/23 For Sale $525,000 +5.0% $184 / Sq Ft
05/05/2023 05/05/23 Pending -- -- --
04/27/2023 04/27/23 For Sale $500,000 +4.4% $175 / Sq Ft
04/26/2023 04/26/23 Off Market $479,000 -- --
04/13/2023 04/13/23 Price Changed $500,000 0.0% $175 / Sq Ft
04/13/2023 04/13/23 For Sale $500,000 -5.7% $175 / Sq Ft
02/19/2023 02/19/23 Pending -- -- --
10/28/2022 10/28/22 For Sale $530,000 -- $186 / Sq Ft
Source: East Tennessee REALTORS® MLS

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 $1,810 $116,480 $0 $0
2024 $4,321 $116,480 $0 $0
2023 $2,511 $116,480 $0 $0
2022 $4,321 $116,480 $0 $0
2021 $2,312 $50,440 $0 $0
2020 $2,312 $50,440 $0 $0
2019 $2,312 $50,440 $0 $0
2018 $2,312 $50,440 $0 $0
2017 $2,312 $31,525 $0 $0
2016 $2,541 $0 $0 $0
2015 $2,541 $0 $0 $0
2014 $1,373 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1210306

East Tennessee REALTORS® MLS

APN: 058CB-04901

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