Desirable North Johnson City Neighborhood

121 Lake Meadow Dr, Johnson City, TN 37615

$334,000 After Repair Value -
$279,900 Asking Price -
$3,000 Cost of Repairs =
$51,100 Potential Profit

Property Details

Asking Price $279,900

After Repair Value $334,000

Costs of Repairs $3,000

Potential Profit $51,100

Living Area 3600 ft2

Property Type Single Family House

Bedrooms 4

Bathrooms 3

Half Bathrooms N/A

Parking 2

Listed with Agent 0

Property Description

Under Contract as of October 12, 2018. Can you even Believe How MUCH . . . Space at a GREAT VALUE? Property has approximately 3600 SF heated/cooled in house + about 400 SF of additional usable space behind/above garage (studio and bonus room). Home is priced at less than $78 SF, (based on 3600 SF); versus Market Value of $334,000 (estimate based on comparables / CMA's)! \ Make Your Move NOW! Save BIG -- houses of similar age and style, in the immediate vicinity, last sold for an average of $126 SF (based on private / public information). Can you even believe the amount of space that you get for your investment, in such a Great Neighborhood? Home currently has 3 Bedrooms plus a Home Office (previously 4th BR), and 3 Baths (1 on each level). You might think you are on a Grand Country Estate as you look out on the .7 acre wooded lot -- when actually just outside the City Limits, Convenient to: Shopping, I-26, Schools, Boone Lake, and a Multitude of Recreational Activities. Backyard has a Fire Ring for Cozy Campfires and Cookouts, Low Maintenance Landscaping (Perennials) in beds with Rock Borders, with Native Wildflowers and Plants in the woods beyond. Home is Great for Entertaining with an Open floor Plan and Lots of Deck space. You can Enjoy the Great Outdoors from Inside -- through Glass Doors and Panels across the Back (14 total). Get Creative with the Unique Studio room on back of Garage, which has many possible uses: Shop; Craft Room; Reading Room; Private Getaway (She Shed / Man Cave / Teenage Hideout / Kids Clubhouse); and more. Someone even suggested a Tiki Bar! Interior Floors upgraded to mostly beautiful and easy care Hardwood (Oak and Cherry); Tile (lower level Laundry and common area); Wall Colors are Neutral; and it has been a Non-smoking home. Almost every Floor and Fixture was upgraded at some time, including big ticket items (CHA 2007, Roof 2008); ** see more items at end of post. Main Level: -- LR/DR has Vaulted Ceiling and FP, adjoining the Kitchen in an open floor plan -- Kitchen has eat in Island and a 3 Panel Glass Door Unit that opens onto a Large Open Deck -- Dining Room has 4 Fulls Panels of Glass with a View, and Doors open onto a Large Covered Deck -- Foyer has w/ Nook (reading, etc.), and Large Coat Closet -- 2 Bedrooms at End of Hall (back one with direct access to deck) -- Full Bath has Shower over Garden Tub Lower Level: -- Potential Separate Quarters, (parent, in-law, grown kid living at home, etc.) on lower level (Kitchenette) -- Office has Separate Outside Entrance -- Lower Level main entrance foyer can double as Mudroom -- Extra Large Room with Fireplace (possible Home Theater, Family, or Game Room) on Lower Level -- Large Laundry Room w/ Folding Table Upper Level (Private Master Suite): -- Large Bedroom with Sitting area and Private Balcony -- Master Bath with jetted tub -- Walk-in Dressing Room with closets and Vanity. Located in North Johnson City, only about: 3 miles to I-26, (Boones Creek Exit); 2 miles to North Roan Street (Kingsport Hwy/Hwy 36), Grocery Shopping, Fast Food; 1 mile to Boone Lake Public Access; 10 miles to Tri-Cities (TRI) Airport; and a reasonable commute to Kingsport, TN and Bristol, TN/VA. Call owner at show contact info to schedule a showing, (same day appointment sometimes available)! Buyer's Agents Welcome! ** Other Notable Upgrades/Updates: Intercom System 2009; Garage Door Opener 2008 (plus Garage Overhead Door replaced earlier); Backyard Fenced; Mahogany Front Door; and many more. Information contained in this post is intended as accurate, but is not guaranteed, and should be verified by agent and/or interested party.

Repairs Needed

Under Contract as of October 12, 2018. Known repairs that someone might want to do: A few boards of siding (Redwood pieces available), a few boards of decking (standard), and a few trim pieces, may need to be replaced, (or repaired). Price set to allow for person to do repairs, plus some, rather than doing in advance of sale.

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