NOT LISTED FOR SALE

9501 Petros Hwy Unit 9501 Oliver Springs, TN 37840

Estimated Value: $90,927 - $137,000

2 Beds
1 Bath
912 Sq Ft
$122/Sq Ft Est. Value

Last Sold June 24, 2024

Last sale price $110,000 $121 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $655/month

37 Days on Market

Highlights

  • Traditional Architecture
  • No HOA
  • Workshop
  • Corner Lot
  • Covered patio or porch
  • Separate Outdoor Workshop

About This Home

As of June 2024

Investment potential meets untapped opportunity! Nestled in the heart of this charming Tennessee town lies a diamond in the rough, waiting for your vision and expertise to bring it back to life. While the property may appear worn down, it presents a canvas for creative renovation and revitalization projects. Whether you're considering a fix-and-flip venture, long-term rental investment, or even a personal residence, this property accommodates various investment strategies.

Last Agent to Sell the Property

Lanny Necaise

TN Pros Realty, LLC License #336533 Listed on: 03/24/2024

Last Buyer's Agent

Non Member Non Member

Non-Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $258

Year Built

  • Built in 1931

Lot Details

  • 5,663 Sq Ft Lot
  • Corner Lot

Parking

  • Carport

Home Design

  • Traditional Architecture
  • Block Foundation
  • Slab Foundation
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 912 Sq Ft Home
  • Workshop

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Covered patio or porch
  • Separate Outdoor Workshop
  • Outdoor Storage
  • Storage Shed

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Septic Tank

Community Details

  • No Home Owners Association
  • Plat Of Petros Subdivision

Listing and Financial Details

  • Assessor Parcel Number 099M A 013.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$258

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Directions: Take TN-62 W to TN-116 N in Morgan County Continue straight onto TN-62 W/S Illinois Ave Turn right to stay on TN-62 W Turn right onto TN-116 N Property on Right
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 1931
  • Lot Size Acres: 0.13
  • Subdivision Name: Plat Of Petros
  • Architectural Style: Traditional
  • Property Attached Yn: No
  • Lot Description:Corner Lot: Yes
  • General Property Description:Fireplace: No
  • General Property Description:SqFt - Main Lvl: 912.0
  • General Property Description:HOA: No
  • General Property Description:Basement: No
  • General Property Description:Bonus Room: No
  • AtchdDtchd Type:Detached: Yes
  • Siding:Vinyl2: Yes
  • Cooling:Central Cooling: Yes
  • Floors:Vinyl: Yes
  • Fuel:Gas (Natural): Yes
  • Heat:Central: Yes
  • Water:Public: Yes
  • Outbuildings:Storage Shed: Yes
  • Floors:Laminate: Yes
  • Outbuildings:Detached Workshop: Yes
  • Special Features: None

Interior Features

  • Appliances: None
  • Has Basement: Slab
  • Fireplace: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: None
  • Flooring: Laminate, Vinyl
  • Fireplace:None15: Yes
  • Other Rooms:Workshop: Yes
  • Basement:Slab: Yes
  • Appliances:None17: Yes

Exterior Features

  • Exterior Features: Porch - Covered
  • Lot Features: Corner Lot
  • Construction Type: Vinyl Siding, Block, Frame, Other
  • Other Structures: Storage, Workshop
  • Construction:Frame: Yes
  • Exterior Features:Porch - Covered: Yes
  • Construction:Block2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Carport
  • GarageParking:Carport: Yes

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central, Natural Gas
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes

Lot Info

  • Lot Size Sq Ft: 5662.8
  • Parcel #: 099M A 013.00
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2024
Closed on
Jun 21, 2024
Sold by
Square One Prop & Const Llc
Bought by
Mckinney Jared
Seller's Agent
Lanny Necaise
TN Pros Realty, LLC
Buyer's Agent
Non Member Non Member
Non-Member Office
List Price
$119,900
Sold Price
$110,000
Premium/Discount to List
-$9,900
-8.26%
Views
153
Current Estimated Value
$114,552

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,552
Avg. Annual Appreciation
3.69%
Original Mortgage
$6,000
Outstanding Balance
$4,309
Interest Rate
7.02%
Mortgage Type
FHA
Estimated Equity
$110,243

Purchase Details

Closed on
Mar 15, 2024
Sold by
Sabella Donna M
Bought by
Square One Prop & Const Llc

Purchase Details

Closed on
Aug 8, 2023
Sold by
Sabella Family Trust
Bought by
Sabella Donna M

Purchase Details

Closed on
Mar 18, 2021
Sold by
Goss Marilyn Joy
Bought by
Sabella Donna M

Purchase Details

Closed on
Sep 14, 1995
Bought by
Goss Marilyn J

Purchase Details

Closed on
Sep 24, 1990
Bought by
Liles Charles L
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
Mckinney Jared $110,000 Admiral Title
Square One Prop & Const Llc $45,000 National Title
Sabella Donna M -- None Listed On Document
Sabella Donna M $10,000 None Available
Goss Marilyn J $22,600 --
Liles Charles L -- --
-- $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mckinney Jared $6,000
Open Mckinney Jared $112,626
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2024 06/24/24 Sold $110,000 0.0% $121 / Sq Ft
05/01/2024 05/01/24 Pending -- -- --
04/23/2024 04/23/24 Off Market $110,000 -- --
04/07/2024 04/07/24 Price Changed $99,000 -9.2% $109 / Sq Ft
03/31/2024 03/31/24 Price Changed $109,000 -9.1% $120 / Sq Ft
03/24/2024 03/24/24 For Sale $119,900 -- $131 / Sq Ft
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
2024 $258 $9,500 $700 $8,800
2023 $258 $9,500 $700 $8,800
2022 $240 $8,825 $700 $8,125
2021 $240 $8,825 $700 $8,125
2020 $222 $8,825 $700 $8,125
2019 $222 $6,800 $525 $6,275
2018 $222 $6,800 $525 $6,275
2017 $215 $6,800 $525 $6,275
2016 $215 $6,800 $525 $6,275
2015 $211 $6,800 $525 $6,275
2014 $225 $7,250 $575 $6,675
2013 $225 $7,265 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2024

    Lanny Necaise

    TN Pros Realty, LLC

    Section Image

  • N

    Buyer's Agent in 2024

    Non Member Non Member

    Non-Member Office

See All Agents

Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1256919

East Tennessee REALTORS® MLS

APN: 099M-A-013.00

Tennessee Morgan County Oliver Springs 37840

9501 Petros Hwy Unit 9501, Oliver Springs, TN

This home is located at 9501 Petros Hwy Unit 9501, Oliver Springs, TN 37840 since 24 March 2024 and is currently estimated at $111,482, approximately $122 per square foot. This property was built in 1931. 9501 Petros Hwy Unit 9501 is a home located in Morgan County with nearby schools including Petros Joyner Elementary School and Coalfield School.

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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