Sold for $4,250,000

$4,250,000

1549 Wales Ave, Maryville, TN 37804

--beds

0baths

--sqft

Multi Family

Built in 1963

-- sqft lot

$-- Zestimate^®

$--/sqft

$1,357 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,357/mo

Zestimate^® history

Owner options

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$1,357/mo

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$1,357/mo

Rent Zestimate^®

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$19,490/mo

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$19,490/mo

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What's special

Wales Apartments includes three buildings that total 40 units. There are 19 2 BD / 1.5 BA units, 20 1 BD / 1 BA units, and 1 studio. Significant capex has been completed including 16 units renovated. A buyer can continue renovations and continue increasing rents. Vacancies are due to recent renovations of units. Landlord pays water/sewer and tenants pay electric. There are laundry facilities on site. Seller is currently fixing decking and wrapping up unit renovations, all work is expected to be completed by closing. This property is centrally located in booming Maryville, TN just minutes from Maryville College, Maryville High School, Everett Park, and downtown Maryville. Wales Apartments is part of a 9 property, 116 unit portfolio . All properties can be bought together or separately.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Heating

Other

Cooling

Other

Features

Flooring: Laminate, Other

Property

Parking

Parking features: Off Street, On Premise Parking

Details

Parcel number: 047J A 018.00

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick, Other

Condition

Year built: 1963

Community & HOA

Community

Subdivision: Scenic Terrace

Location

Region: Maryville

Financial & listing details

Tax assessed value: $864,700
Annual tax amount: $11,137
Date on market: 7/15/2023
Listing terms: Cash,Conventional

Price history

Date	Event	Price
9/10/2024	Listing removed	$1,000
Source: Zillow Rentals Report a problem
9/3/2024	Listed for rent	$1,000
Source: Zillow Rentals Report a problem
10/16/2023	Sold	$4,250,000
Source: East Tennessee Realtors #1233376 Report a problem
7/22/2023	Pending sale	$4,250,000
Source: East Tennessee Realtors #1233376 Report a problem
7/15/2023	Listed for sale	$4,250,000+1600%
Source: East Tennessee Realtors #1233376 Report a problem
1/12/2001	Sold	$250,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$11,137 +4.2%	$345,880
2024	$10,688	$345,880
2023	$10,688 +3.6%	$345,880 +59%
2022	$10,312	$217,560
2021	$10,312	$217,560
2020	$10,312 +91.9%	$217,560
2019	$5,374 -40.8%	$217,560 +13.7%
2018	$9,072 +1.1%	$191,400
2017	$8,978 +2.2%	$191,400
2016	$8,786 +6.3%	$191,400
2015	$8,268	$191,400
2014	--	$191,400 +4.8%
2013	$7,887 +0%	$182,560 +0%
2011	$7,886 +2.6%	$182,536
2010	$7,685	$182,536
2009	--	$182,536 +15.8%
2008	$7,138 +27.9%	$157,570 +20.9%
2007	$5,580 +3.6%	$130,363
2006	$5,384 -12.1%	$130,363
2005	$6,127 +14.2%	$130,363 +4.5%
2004	$5,367	$124,804
2002	$5,367	$124,804
2001	--	$124,804 -60%
2000	--	$312,010