NOT LISTED FOR SALE

Estimated Value: $1,092,000 - $1,390,000

7 Beds
3 Baths
3,272 Sq Ft
$371/Sq Ft Est. Value

Last Sold November 15, 2021

Last sale price $935,000 $286 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $7,686/month

12 Days on Market

About This Home

As of November 2021

ATTN INVESTORS!!! Do not miss this triplex/multi-family property situated on a quiet street in the heart of 12 South -steps from all the shops, restaurants & amenities this highly desirable neighborhood has to offer! Also, just minutes into downtown Nashville! Turnkey rental w/ 2 units currently occupied & a 3rd ready to be leased. Rear alley parking on the lot for tenants/guests. Several new/newer major systems, appliances & cosmetics throughout! Separate entrances, meters/utilities & laundry!

Last Agent to Sell the Property

Erin Krueger

Compass Tennessee, LLC License #309197 Listed on: 09/09/2021

Compass Tennessee, LLC

Last Buyer's Agent

Stephen Gause

Compass License #354155

Compass

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,976

Year Built

1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • PropertyUnitTypes: {"UnitTypeActualRent":1975,"UnitTypeType":"Unit 1","UnitTypeBathsTotal":1,"UnitTypeBedsTotal":3,"UnitTypeKey":"RTC2617729Group_1"}, {"UnitTypeActualRent":2250,"UnitTypeType":"Unit 2","UnitTypeBathsTotal":2,"UnitTypeBedsTotal":3,"UnitTypeKey":"RTC2617729Group_2"}, {"UnitTypeActualRent":0,"UnitTypeType":"Unit 3","UnitTypeBathsTotal":1,"UnitTypeBedsTotal":2,"UnitTypeKey":"RTC2617729Group_3"}
  • Above Grade Finished Sq Ft: 3272
  • Carport Y N: No
  • Directions: From I65N - take excit 78 on Harding Place, SR-255, turn Left. Turn Right on Franklin Pike, Left on Kirkwood Ave, Right on 10th Ave S & Left on Paris Ave. Destination is on your Right. Home located on Paris Ave off of the main 12th Ave S strip.
  • Garage Yn: No
  • Inclusions: APPLN
  • Lot Size: 50 X 150
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 2
  • Subdivision Name: Idlewild/12 South
  • Year Built Details: EXIST
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1910

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Finished Wood, Vinyl

Exterior Features

  • Roof: Asphalt
  • Construction Type: Asbestos
  • Pool Private: No
  • Waterfront: No

Garage/Parking

  • Parking Features: Alley Access
  • Attached Garage: No

Utilities

  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Laundry Features: Individual
  • Security: Smoke Detector(s)
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Elementary School: Waverly-Belmont Elementary
  • High School: Hillsboro Comp High School
  • Middle Or Junior School: John T. Moore Middle School

Lot Info

  • Zoning: R8

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Above Grade Finished Area Units: Square Feet
  • Annual Gross Income: 50700
  • Property Net Operating Income: 50700
  • Number Of Units Total: 3
  • Total Actual Rent: 4225

Tax Info

  • Tax Annual Amount: 10320

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 17, 2024
Sold by
Standiford Johnna and Michaelsen Alwin
Bought by
Michaelsen Alwin and Standiford Johnna
Current Estimated Value
$1,212,288

Purchase Details

Closed on
Jun 30, 2023
Sold by
Heller Gregory S
Bought by
Heller Family Trust and Standiford

Purchase Details

Closed on
May 23, 2022
Sold by
Heller Gregory S
Bought by
Heller Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$806,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 17, 2022
Sold by
Heller Family Trust
Bought by
Heller Family Trust

Purchase Details

Listed on
Sep 9, 2021
Closed on
Nov 15, 2021
Sold by
Oak Tree Llc
Bought by
Michaelsen Alwin and Heller Gregory S
Seller's Agent
Erin Krueger
Compass Tennessee, LLC
Buyer's Agent
Stephen Gause
Compass
List Price
$899,900
Sold Price
$935,000
Premium/Discount to List
$35,100
3.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.00%

Purchase Details

Closed on
Jun 28, 2019
Sold by
Shippen Frank Reid
Bought by
Oak Tree Llc

Purchase Details

Closed on
Sep 15, 2016
Sold by
Gish Jonathan and Gish Lauren
Bought by
Shippen Frank Reid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 31, 2007
Sold by
White Aaron and White Josh
Bought by
White Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
6.07%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 21, 2003
Sold by
Watts Leland D and Watts Winnifred A
Bought by
White Aaron and White Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
6.16%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 27, 2000
Sold by
Marlow Carrie M
Bought by
Watts Leland D and Watts Winifred A

Purchase Details

Closed on
Jun 1, 1994
Sold by
Stinson Elizabeth L
Bought by
Marlow Carrie M
Source: Public Records

Range of Values:

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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Michaelsen Alwin -- None Listed On Document
Heller Family Trust -- None Listed On Document
Heller Family Trust -- Chapman & Rosenthal Title
Heller Family Trust -- Chapman & Rosenthal Title
Heller Family Trust -- None Listed On Document
Michaelsen Alwin $935,000 None Available
Oak Tree Llc $852,500 Homeland Title Llc
Shippen Frank Reid $650,000 Rudy Title And Escrow
White Rachel -- Rudy Title & Escrow
White Aaron $190,000 Rudy Title & Escrow Llc
Watts Leland D $133,730 --
Marlow Carrie M $27,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Heller Family Trust $806,000
Previous Owner Shippen Frank Reid $390,000
Previous Owner Gish Jonathan $70,000
Previous Owner Gish Jonathan $396,682
Previous Owner White Rachel $220,350
Previous Owner White Rachel $250,000
Previous Owner White Aaron $142,500
Previous Owner Marlow Carrie M $131,250
Previous Owner Marlow Carrie M $116,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2021 11/15/21 Sold $935,000 +3.9% $286 / Sq Ft
09/22/2021 09/22/21 Pending -- -- --
09/09/2021 09/09/21 For Sale $899,900 -- $275 / Sq Ft
Source: Realtracs

Tax History Compared to Growth

Source: Public Records

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
2024 $12,976 $398,760 $104,000 $294,760
2023 $12,976 $398,760 $104,000 $294,760
2022 $12,976 $398,760 $104,000 $294,760
2021 $13,111 $398,760 $104,000 $294,760
2020 $10,320 $244,480 $83,200 $161,280
2019 $7,713 $244,480 $83,200 $161,280
2018 $0 $244,480 $83,200 $161,280
2017 $7,713 $244,480 $83,200 $161,280
2016 $5,600 $124,000 $56,000 $68,000
2015 $5,600 $124,000 $56,000 $68,000
2014 $5,600 $124,000 $56,000 $68,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2291084

Realtracs

APN: 118-01-0-231