NOT LISTED FOR SALE

8511 Hiwassee St NW Charleston, TN 37310

Estimated Value: $560,239

4 Beds
1 Bath
2,256 Sq Ft
$248/Sq Ft Est. Value

Last Sold March 31, 2017

Last sale price $650,000 $288 Per Sq Ft

Est. 14% decrease in value since last sale

Current estimated payment $3,194/month

73 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Property has 3 Levels
  • Charleston Elementary School Rated A-
  • Baseboard Heating

About This Home

As of March 2017

This property has enormous potential. Currently, the front of the property has a 5,000 sq/ft building that is developed into Office/retail/flex space with 3 suites. Additionally, there is a single family home that is situated behind it PLUS two buildings with (5) efficiency apartments each, for a total of ten rentals. These efficiency apartments are currently full and there is room to build at least 2 more buildings on this 3 acre parcel. There is additional space for 2 more buildings.

Last Buyer's Agent

Abbie Metz

Greater Downtown Realty dba Keller Williams Realty License #349152,324874

Greater Downtown Realty dba Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,503

Year Built

  • Built in 1997

Lot Details

  • 3

Interior Spaces

  • 2,256 Sq Ft Home
  • Property has 3 Levels

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Bathroom

Schools

  • Charleston Elementary School
  • Walker Valley High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating

Listing and Financial Details

  • Total Actual Rent $2,400
  • The owner pays for electricity, water
  • Assessor Parcel Number 016 01408 000

Community Details

Overview

  • No Home Owners Association
  • 11 Units

Building Details

  • Gross Income $114,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,503

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1997
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Structure Type: Multi Family
  • Year Built Details: EXIST
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Total Bedrooms: 4
  • Building Area Units: Square Feet
  • Living Area: 2256
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Other
  • Pool Private: No
  • Roof: Other
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Detached

Utilities

  • Water Source: Public
  • Cooling: Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 3 acres of 20.53 total
  • Lot Size Units: Acres
  • Parcel #: 016 01408 000
  • Property Attached Yn: Yes

Rental Info

  • Owner Pays: Electricity, Water

Multi Family

  • Gross Income: 114000
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 11
  • Total Actual Rent: 2400

Tax Info

  • Tax Annual Amount: 1503

MLS Schools

  • Elementary School: Charleston Elementary School
  • High School: Walker Valley High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2019
Sold by
Commons Charleston
Bought by
Smith Morgan M
Current Estimated Value
$560,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Outstanding Balance
$240,124
Interest Rate
4.2%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$320,115
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
Smith Morgan M $320,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Morgan M $272,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2017 03/31/17 Sold $650,000 -7.0% $288 / Sq Ft
11/11/2016 11/11/16 Pending -- -- --
08/30/2016 08/30/16 For Sale $699,000 -- $310 / Sq Ft
Source: Realtracs

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 $1,707 $95,160 $88,880 $6,280
2023 $1,707 $95,160 $88,880 $6,280
2022 $1,707 $95,160 $88,880 $6,280
2021 $1,707 $101,640 $0 $0
2020 $1,835 $101,640 $0 $0
2019 $1,835 $82,600 $0 $0
2018 $1,734 $0 $0 $0
2017 $2,057 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Buyer's Agent in 2017

    Abbie Metz

    Greater Downtown Realty dba Keller Williams Realty

    12 Total Sales

    Abbie Metz
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Map

Source: Realtracs

MLS Number: 2731834

Realtracs

APN: 016-014.14

Tennessee Bradley County Charleston 37310

8511 Hiwassee St NW, Charleston, TN

This home is located at 8511 Hiwassee St NW, Charleston, TN 37310 since 30 August 2016 and is currently estimated at $560,239, approximately $248 per square foot. This property was built in 1997. 8511 Hiwassee St NW is a home located in Bradley County with nearby schools including Charleston Elementary School, Ocoee Middle School, and Walker Valley High School.

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