NOT LISTED FOR SALE

814 Rich Acres Rd Johnson City, TN 37601

Estimated Value: $116,911

-- Bed
3 Baths
1,472 Sq Ft
$79/Sq Ft Est. Value

Last Sold May 03, 2016

Last sale price $55,000 $37 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $729/month

419 Days on Market

Highlights

  • Creek or Stream View
  • Deck
  • Window Unit Cooling System
  • Liberty Bell Middle School Rated A
  • Balcony
  • Combination Kitchen and Dining Room

About This Home

As of May 2016

HUGE REDUCTION IN PRICE !!!!! Live in one unit and generate rental cash flow from the other two in this sound 3 Unit Multi-family of low maintenance stucco with metal roof located adjacent to the Tweetsie Trail. Three 1 bedroom / 1 bath units each +/-452 sf and separate electric meter now available for purchase. Common deck serves each unit on the back-side and ample parking out front. Easily rent-able however one unit is now held open for showing purposes. Units and building in average condition but are sound, just need a little TLC. Priced to sell and tailored to a live in Buyer.

Last Agent to Sell the Property

Jimmy Mucha

Crye-Leike Realtors License #306321 Listed on: 02/09/2015

Crye-Leike Realtors

Last Buyer's Agent

Brian Whidden

Sperry CGA Whidden Properties License #294566

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,350

Year Built

  • Built in 1977

Lot Details

  • Sloped Lot

Home Design

  • Slab Foundation
  • Metal Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • Bathroom Rough-In
  • 1-Story Property
  • Combination Kitchen and Dining Room
  • Creek or Stream Views
  • Washer and Electric Dryer Hookup

Kitchen

  • Electric Range
  • Laminate Countertops

Flooring

  • Carpet
  • Vinyl

Unfinished Basement

  • Walk-Out Basement
  • Stubbed For A Bathroom

Outdoor Features

  • Balcony
  • Deck

Schools

  • Mountain View Elementary School
  • Liberty Bell Middle School
  • Science Hill High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Cable TV Available

Community Details

  • Operating Expense $8,007
  • Gross Income $15,390
  • Net Operating Income $7,383

Listing and Financial Details

  • Assessor Parcel Number 027.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,350

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Directions: From Milligan Hwy going toward Johnson City, turn right on King Springs, then right on Miami Drive, finally right on Rich Acres under the Tweetsie Trail Bridge. Property on the left.
  • Prop. Type: Residential Income
  • Year Built: 1977
  • Property Sub Type: Multi-Family
  • Unit Levels: One
  • Location Tax Legal Info Parcel ID: 027.00
  • Contract Info Foreclosure: No
  • Contract Info Short Sale: No
  • Contract Info Auction: No
  • General Property Description Zoning2: R2C
  • General Property Description Elementary School3: Mountain View
  • 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: 84.1 X 243 IRR
  • General Property Description Stories2: 1
  • Interior Features KitchenDining Combo: Yes
  • TopographyLot Description Sloped: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Flooring Carpet: Yes
  • Utilities Cable Available: Yes
  • View CreekStream: Yes
  • View Water2: Yes
  • Roof Metal3: Yes
  • Excluded From Sale A C Window Units: Yes
  • Flooring Vinyl: Yes
  • Foundation Slab: Yes
  • General Property Description # Buildings: 1
  • Levels One: Yes
  • Special Features: None

Interior Features

  • Appliances: Electric Range
  • Has Basement: Plumbed, Unfinished, Walk-Out Access
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Kitchen/Dining Combo, Laminate Counters, Rough in Bath
  • Interior Features:Laminate Counters: Yes
  • Basement:Walk-Out Access: Yes
  • Appliances:Electric Range: Yes
  • Basement:Unfinished: Yes
  • Basement:Plumbed: Yes
  • InteriorFeatures:Rough in Bath: Yes

Exterior Features

  • Roof: Metal
  • Lot Features: See Remarks, Other, Sloped
  • View: Water, Creek/Stream
  • Exterior Features: Balcony
  • Construction Type: Stucco, Wood Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Deck
  • Exterior Finish Wood Siding: Yes
  • PorchPatioDeck Deck: Yes
  • Exterior Features:Balcony: Yes
  • Exterior Finish Stucco2: Yes

Garage/Parking

  • Parking Features: Asphalt, Parking Spaces, None
  • Attached Garage: No
  • Parking Features:Asphalt2: Yes
  • Parking Features:Parking Spaces: Yes

Utilities

  • Heating: Baseboard
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Cooling: Window Unit(s), Other, See Remarks
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Baseboard: Yes

Schools

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

Lot Info

  • Zoning: R2C
  • Lot Dimensions: 84.1 X 243 IRR
  • Parcel #: 027.00

Multi Family

  • Annual Gross Income: 15390.0
  • Vacancy Allowance Rate: 33.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2015
Closed on
May 3, 2016
Sold by
Francis Nora E
Bought by
Hatcher Jonathan E and Hatcher Kristina S
Seller's Agent
Jimmy Mucha
Crye-Leike Realtors
Buyer's Agent
Brian Whidden
Sperry CGA Whidden Properties
List Price
$139,900
Sold Price
$55,000
Premium/Discount to List
-$84,900
-60.69%
Current Estimated Value
$116,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$61,911
Avg. Annual Appreciation
8.18%
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
Hatcher Jonathan E $55,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2016 05/03/16 Sold $55,000 -60.7% $37 / Sq Ft
04/04/2016 04/04/16 Pending -- -- --
02/09/2015 02/09/15 For Sale $139,900 -- $95 / 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 $1,350 $78,960 $14,000 $64,960
2022 $1,127 $52,400 $5,960 $46,440
2021 $2,033 $52,400 $5,960 $46,440
2020 $2,023 $52,400 $5,960 $46,440
2019 $1,020 $52,400 $5,960 $46,440
2018 $1,830 $42,840 $5,960 $36,880
2017 $1,830 $42,840 $5,960 $36,880
2016 $1,821 $42,840 $5,960 $36,880
2015 $1,649 $42,840 $5,960 $36,880
2014 $1,542 $42,840 $5,960 $36,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Tennessee/Virginia Regional MLS

MLS Number: 358483

Tennessee/Virginia Regional MLS

APN: 055A-F-027.00