4 months on rocket

503 Georgia Ave, Bristol, TN, 37620

$499,000

Home List Price

$5,926*

Closing Credit

0 Baths
Multi

Location

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503 Georgia Ave, Bristol$499,000

Buyer Closing Credits

$5,926*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingGravel, Shared Driveway, See Remarks
Garage3 spaces
Year Built1947
HeatingRadiant
CoolingWindow Unit(s)
MLS #9968898
Lot Size0.32 Acres
StatusActive

About 503 Georgia Ave

This two-story brick triplex known as Georgia Terrace is located at 503 Georgia Avenue, Bristol, Tennessee. This property features three apartments with two three bedrooms and one two-bedroom unit. Each apartment has its own utility room with washer and dryer hookups. Downstairs is an L shaped living room, dining room and kitchen. The bedrooms are upstairs. Units have plenty of storage space. Located just minutes from the Fairmount school, downtown district and the new Hard Rock Hotel. In addition, The Pinnacle Shopping stores and restaurants are just six miles away. Purchasing this property is not only a wise investment it is also a wonderful home for tenants. You will receive two forms of appreciation, of course increase in value but also appreciation from the satisfied tenants that call these apartments HOME. Talking with the current owner he states that he rented apartment one in 1998 and then purchased the building in 2004. He is proud of the fact that he raised his daughter in apartment one and later rented apartment two to both his son and daughter. Since the building is 4,300 square feet, each apartment is over 1,200 square feet. Large and spacious rooms make for comfortable family living. Behind the building is a brick detached three car oversized garage. The building sits on .51 acres. Since the Fairmount Historic District of Bristol is very desirable on July 30, 2010 this building and neighborhood was listed in the National Registers of Historic Places by the National Park Service of the United States Department of Interior. Don't miss out on this rare investment. Schedule a showing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial, Townhouse, Traditional, Other
  • Year Built: 1947

Listing Office:

  • Office Name: Watkins Home Team
  • Office Phone: (423) 302-0675
  • Listing Agent: Haley Terrell, Patrick Watkins

Interior Features

Interior Information:

  • Basement: No
  • Flooring Type: Vinyl, Tile, Carpet, Hardwood
  • Interior: Open Floorplan, Walk-In Closet(s), See Remarks

Exterior Features

Exterior Information:

  • Exterior: Porch/Covered, Porch Front, See Remarks

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No
  • Parking: Gravel, Shared Driveway, See Remarks

Lot Features

Lot Information:

  • Lot: See Remarks, Sloped, Level
  • Lot Size: 0.32 Acres

Utilities

Utilities Information:

  • Heating: Radiant
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: GPS FRIENDLY Go straight down historic State Street. Continue going straight until you reach Pennsylvania Ave. Turn right on Pennsylvania Ave, then turn left on Taylor Street.

Price Information

Listing Price Info

Price Summary:

  • List Price: $499,000

Tax Information:

  • Annual Amount: $2,761
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Bristol, TN.

Med. Sold Price

$240K

Med. Price/SqFt

$152

Avg. Days On Market

69

# of Sold Homes

30

503 Georgia Ave vs Bristol

148 DAYS ON ROCKET

+79 Days

$499,000

+$259K More

KEY TAKEAWAY

This property is $259K more than the Median Sold Price in Bristol, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Tennessee/Virginia Regional MLS
  • MLS Number: #9968898

Listing Office:

  • Office Name: Watkins Home Team
  • Office Phone: (423) 302-0675
  • Listing Agent: Haley Terrell, Patrick Watkins

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Tennessee Virginia Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this brokerl, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright© 2024 Tennessee Virginia Regional MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:51:04 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Feb 25, 2004Home Sold
$115,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,761$66,320
2019$2,749$58,360
2018$2,749$58,360
2017$2,893$58,360

History based on county public records data.

Payment Calculator

$2,558

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,563

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4339371
4
/10
  • Fairmount Elementary School

  • 821 Virginia Ave

  • 0.33 miles

  • Public District Grades PK-5

school-card-donut-4339372
8
/10
  • Highland View Elementary School

  • 1425 Eads Ave

  • 1.10 miles

  • Public District Grades PK-5

school-card-donut-4339373
5
/10
  • Anderson Elementary School

  • 901 9th St

  • 1.20 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,653. The majority of Bristol, TN residents have income between $35k-100k annually. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Bristol, TN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Bristol, TN.

The housing landscape in Bristol, Tennessee, is characterized by a mix of architectural styles, with single-family homes being a significant part of the market. There is a presence of modern, traditional, and craftsman designs, reflecting the area's architectural diversity. The housing market also includes apartments and townhouses, accommodating a range of living preferences. A notable portion of the housing stock was developed from the 1980s to the early 2000s, marking a period of growth. The homeownership rate in Bristol is robust, with a substantial percentage of residents owning their homes, while the remainder are engaged in the rental market.

What is it like to live in Bristol, TN?

Bristol is celebrated for its vibrant community spirit and rich cultural heritage, which is especially evident during local events and festivals that draw residents together. The city prides itself on its historical significance and the role it plays in the music industry, often referred to as the birthplace of country music. The community's ambiance is one of pride and tradition, with a lifestyle that balances the charm of a small town with the conveniences of a larger city.

Is it easy to get around Bristol, TN without a car?

Residents of Bristol benefit from a solid educational system, with a number of public and private schools providing a range of educational opportunities. The city is home to several healthcare facilities, offering services that include urgent care, primary care, and emergency response capabilities. The public library network serves as a valuable resource for the community, and the city's retail and dining establishments reflect the local culture and provide a variety of experiences. City initiatives are in place to continually improve services in line with the evolving needs of the population.

Transportation in Bristol, TN.

Bristol's transport infrastructure includes a network of roads and highways that facilitate travel and commuting within the city and to neighboring areas. Public transit options are available, providing residents with alternatives to private vehicle use. The community's walkability varies across different neighborhoods, with some areas being more pedestrian-friendly than others. Bikeability is also a focus, with efforts to improve cycling infrastructure for residents. While specific ride-sharing services are operational in the city, their availability may differ throughout the area.

Rocket HomesTennesseeSullivan CountyBristol37620503 Georgia Ave

This home is located at 503 Georgia Ave in Bristol, TN and zip code 37620. This home, which was built in 1947, sits on a 0.32 acre lot. It has been listed on Rocket Homes since July 22, 2024 and is currently priced at $499,000.

While more than 6 listings in Bristol, TN in November 2024 were sold above asking price, there were more than 6 listings sold at asking price, and more than 18 were sold below. The number of listings in Bristol, TN decreased by 3.4% between October 2024 and November 2024. In November 2024 median list price was $240,000 and the average listing age was 69 days.

From Rocket Homes Real Estate and based on county public records data.

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