NOT LISTED FOR SALE

1001 Westgate Dr Springfield, TN 37172

Estimated Value: $168,000 - $697,000

Studio
1 Bath
5,290 Sq Ft
$96/Sq Ft Est. Value

Last Sold June 27, 2019

Last sale price $399,000 $75 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $3,160/month

9 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Property has 1 Level
  • Central Heating

About This Home

As of June 2019

Great Investment Property! 10 units bring in a total of $76,800 per year at 100% occupancy. two buildings with five 1-bedroom units per building. New roof in 2017

Last Agent to Sell the Property

Matt Burnett

EXP Realty License # 293219 Listed on: 01/21/2019

EXP Realty

Co-Listed By

Martie Burnett

EXP Realty License # 295804

Last Buyer's Agent

Matt Burnett

EXP Realty License # 293219 Listed on: 01/21/2019

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,496

Year Built

  • Built in 1985

HOA Fees

  • $1 per month

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 5,290 Sq Ft Home
  • Property has 1 Level

Flooring

  • Carpet
  • Vinyl

Schools

  • Westside Elementary School
  • Springfield Middle School
  • Springfield High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $2,480
  • The owner pays for electricity, water
  • Assessor Parcel Number 074080P A 02400C035091A

Community Details

Overview

  • 10 Units
  • Royal Oaks Condominiums Subdivision

Building Details

  • Operating Expense $28,211
  • Gross Income $67,416
  • Net Operating Income $39,205

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,496

Year Built

Built in 1985

Lot Details

0

HOA Fees

$1 per month

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1985
  • Inclusions: APPLN
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Above Grade Finished Sq Ft: 5290
  • Building Area Units: Square Feet
  • Living Area: 5290
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Brick
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Share

Condo/Co-op/Association

  • Association Fee: 1
  • Association #2 Fee Frequency: One Time
  • Association Fee Frequency: Monthly
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Zoning: R
  • Lot Size Units: Acres
  • Parcel #: 074080P A 02400C035091A
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Electricity, Water

Multi Family

  • Gross Income: 67416
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 39205
  • Number Of Units Total: 10
  • Annual Operating Expense: 28211
  • Total Actual Rent: 2480

Tax Info

  • Tax Annual Amount: 3496

MLS Schools

  • Elementary School: Westside Elementary
  • High School: Springfield High School
  • Middle Or Junior School: Springfield Middle School

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2019 06/27/19 Sold $399,000 -0.2% $75 / Sq Ft
01/30/2019 01/30/19 Pending -- -- --
01/21/2019 01/21/19 For Sale $399,900 -- $76 / Sq Ft
Source: Realtracs

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
2025 -- $22,320 $2,680 $19,640
2024 -- $22,320 $2,680 $19,640
2023 $559 $22,320 $2,680 $19,640
2022 $307 $8,440 $2,680 $5,760
2021 $307 $8,440 $2,680 $5,760
2020 $307 $8,440 $2,680 $5,760
2019 $9,217 $8,440 $2,680 $5,760
2018 $307 $8,440 $2,680 $5,760
2017 $350 $8,160 $2,400 $5,760
2016 $350 $8,160 $2,400 $5,760
2015 $339 $8,160 $2,400 $5,760
2014 $339 $8,160 $2,400 $5,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2004897

Realtracs

APN: 074080P A 02400C035