508 Carolina St

Church Hill, Tennessee, 37642

Redeemable DeedpendingSells Oct 17, 2026 · in 9 days

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Beds: 3
Baths: 1.5
SqFt: 1,323
Lot Size: 4,356,000
Year Built: 1971
APN: 005O C 02700

Property Type: Sfr
Distressed: No
Vacant: No
Owner Type: Individual
Owner Status: Owner Occupied
Length of Ownership: 8 Months
Purchase Method: Cash Purchase
County: Hawkins

Value

Estimated Value: $235,000
County Market Value: $147,800; 2024
Assessed Value: $36,950; 2024

Mortgage & Debt

Open Mortgages: 1
Estimated Balance: $217,550
Lien Flags: None recorded; RealEstateAPI flags · not a lien search

Last Sale

Public Record: $229,000; 01/08/2026
Document Type: Warranty Deed

Opportunity

Opening Bid: $105,306
Bid / Value: 45%; of $235,000
Property Tax 2024: $944; annual bill · not the amount owed
Equity (est.): $19,987; 8%
Monthly Rent: $1,050; HUD fair market rent (3 bd)
Gross Yield: 5.36%

Opening bid

$105,306

Assessed value

$36,950

Land $4,375Improvement $32,575

Market / AVM

$235,000

Property tax 2024

$944

Annual bill — the sale list gives no amount owed

Property facts enriched via realestateapi · 9/29/2026

Ownership Information

Owner 1 Name: Jonathan Wilson
Mailing Address: 508 Carolina St, Church Hill, TN 37642
Owner Type: Individual
Corporate Owned: No

Property Characteristics

Bedrooms: 3
Total Bathrooms: 1.5
Number of Bathroom Fixtures

Deal analysis

Recorded	Position	Amount	Type	Lender	Term	Maturity	Doc #
01/08/2026	First	$217,550	Conventional	Rocket Mortgage Llc	360	02/01/2056	26000173

Recorded	Position	Amount	Type	Lender	Term	Maturity	Doc #	Open
01/08/2026	First	$217,550	Conventional	Rocket Mortgage Llc	360	02/01/2056	26000173	Yes

Sale Date	Recorded	Amount	Document	Doc #	Arm's Length	Method	Buyer	Seller
01/08/2026	01/09/2026	$229,000	Warranty Deed	26000173	Yes	Cash Purchase	Jonathan Wilson	Mgp Properties Llc
12/18/2024	03/07/2025	$105,305	Public Action	25001250	Yes	Cash Purchase	Mgp Properties Llc	Malcolm Thomas Hill

Your maximum bid

$135,705

Walk away above this. Projected profit at the ceiling: $70,500 (30% of ARV).

Opening bid $105,306

Room to bid $30,399

Confidence: medium — ARV from a provider market estimate, not comps.

History-guided suggestion

$112,037

Under max by $23,668

≤ oracle maxBid

Co-pilot target using recorded auction history. Never above your maximum bid.

History sample

—

Median sold

—

p(redeem) prior

—

No historical bucket for TN|Redeemable Deed; suggestion uses oracle only.

Your assumptions

After-repair value (ARV)

Override the derived estimate with real comps

Rehab budget

You cannot inspect before bidding — budget for the worst plausible condition

Known surviving liens

Municipal code enforcement, special assessments, federal tax liens

Target margin — 30%

Required profit as a share of ARV. 30% is a common floor for tax-sale flips.

How that number is built

Provider market estimate of $235,000. This is an as-is valuation, not an after-repair one — enter your own comparable-sales figure if the property needs work.

After-repair value: $235,000
Selling costs on exitassumed 8.0% of ARV — agent commission plus seller-side closing.: −$18,800
Rehabassumed No rehab budget entered — assumed $0. Tax-sale parcels are sold unseen and un-inspected; this is rarely correct.: −$0
Quiet title (required)assumed Midpoint of the typical TN range ($1,800–$5,000, ~5 months).: −$3,400
Deed recording and transferassumed Typical TN recording and deed issuance cost.: −$250
Holding costs (18 months)assumed Taxes, insurance, and securing the property at ~$353/month.: −$6,345
Surviving liensassumed Assumed $0 — not verified. Municipal code-enforcement liens, special assessments, and federal tax liens can survive the sale.: −$0
Target profit (30% of ARV): −$70,500
Maximum bid: $135,705

If the owner redeems

Flat penalty

12%

You'd receive

$16,285

Window

365 days

12% per year accrues while the owner can still redeem. It is interest, not a flat penalty — redeeming early costs them less.

property delinquent five years or less; deeper arrears redeem faster — 180 days over five years, 90 days at eight or more, and 30 days for property shown vacant or abandoned

Quoted elsewhere as 12% annualised — true only if they redeem on the last possible day and you immediately redeploy the capital. Treat the flat penalty as the real number.

Before you bid

Rehab is assumed to be $0. You cannot inspect these properties before bidding — budget for the worst plausible condition.
Surviving liens assumed $0. THE REDEMPTION PERIOD DEPENDS ON THE ARREARS, AND THIS ROW ENCODES THE LONGEST. One year at five years' delinquency or less, 180 days above five, 90 days at eight or more, and 30 days for property shown vacant or abandoned (§ 67-5-2701(a)(1)). A deeply delinquent parcel therefore returns capital far sooner than modelled — favourable, but it also means a shorter window in which the 12% accrues.
Tennessee assesses by class and this entry assumes residential at 25%. On an industrial or commercial parcel actually assessed at 40%, dividing by 0.25 overstates the property by about 1.6x — the dangerous direction. A mixed-use parcel is apportioned between subclasses by State Board of Equalization rules, so it will sit somewhere between. Check the class on the assessor's record before bidding on anything that is not plainly residential.

508 Carolina St

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

508 Carolina St

Value

Mortgage & Debt

Last Sale

Opportunity

Ownership Information

Property Characteristics

Building Size

Land/Location Information

Legal Description

Tax Assessment Information

Last Arm's Length Sale Information

Recording Information

Buyer/Seller Information

Distress Flags

Area

Fair Market Rents

Tax Assessment Information

Open Mortgages

Mortgage History

Sale History

County records

Hawkins County rules

Historical comps

Verify before you bid