NOT LISTED FOR SALE

1001 Westgate Dr Springfield, TN 37172

Springfield Area

Estimated Value: $178,000 - $683,798

Studio
1 Bath
5,290 Sq Ft
$83/Sq Ft Est. Value

Sale Details

Date Sold: June 27, 2019

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

Est. 28% increase in value since last sale

Current estimated payment $3,320 / mo

9 Days on Market

Highlights

  • Central Heating
  • Carpet
  • Property has 1 Level

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

Burnett Real Estate Group Inc License #293219 Listed on: 01/21/2019

Co-Listed By

Martie Burnett

EXP Realty License # 295804

Last Buyer's Agent

Matt Burnett

Burnett Real Estate Group Inc License #293219 Listed on: 01/21/2019

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
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List Price
Sold Price
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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 Sq Ft Lot

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Springfield, TN

  • Laura Danmyer Real Estate Agent - Jamison Durham Real Estate

    Laura Danmyer

    Responds Quickly

    Jamison Durham Real Estate

    (877) 796-4003

    29 Total Sales

    1 in Springfield

    $585,900 Price

    Laura Danmyer
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  • Cathy Wood Real Estate Agent - Crye-Leike, Inc., REALTORS

    Cathy Wood

    Crye-Leike, Inc., REALTORS

    (629) 206-8739

    42 Total Sales

    2 in Springfield

    $159,950 Price Range

    Cathy Wood
     Section Image
  • Moren Adenubi CCIM, CPM Real Estate Agent - Crown Realty Experts

    Moren Adenubi CCIM, CPM

    Crown Realty Experts

    (629) 206-0744

    48 Total Sales

    1 in Springfield

    $273,500 Price

    Moren Adenubi CCIM, CPM
     Section Image
  • Alyse Sands Real Estate Agent - Agora Realty

    Alyse Sands

    Agora Realty

    (615) 560-7855

    27 Total Sales

    1 in Springfield

    $227,000 Price

    Alyse Sands
     Section Image
  • Sherry Mullins Real Estate Agent - Mullins Realty Group, LLC

    Sherry Mullins

    Mullins Realty Group, LLC

    (866) 308-2955

    139 Total Sales

    1 in Springfield

    $269,900 Price

    Sherry Mullins
     Section Image
  • Steven Pulk Real Estate Agent - Cadence Real Estate

    Steven Pulk

    Cadence Real Estate

    (629) 236-0652

    30 Total Sales

    2 in Springfield

    $253K - $296K Price Range

    Steven Pulk
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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • Matt Burnett Real Estate Agent - Burnett Real Estate Group Inc

    Seller's Agent in 2019

    Matt Burnett

    Burnett Real Estate Group Inc

    (615) 533-6550

    30 Total Sales

    Matt Burnett
    Section Image
  • Martie Burnett Real Estate Agent - EXP Realty

    Seller Co-Listing Agent in 2019

    Martie Burnett

    EXP Realty

    (615) 431-9802

    232 Total Sales

    Martie Burnett
    Section Image
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Map

Source: Realtracs

MLS Number: RTC2004897

Realtracs

APN: 074080P A 02400C035

Tennessee Robertson County Springfield 37172

1001 Westgate Dr, Springfield, TN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realtracs All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Realtracs as distributed by MLS GRID.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393 - 17600 Laguna Canyon Rd, Irvine, CA 92618.

Based on information submitted to the MLS GRID

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