NOT LISTED FOR SALE

107 Penny Ln Martin, TN 38237

Estimated Value: $116,000 - $184,000

-- Bed
2 Baths
8,766 Sq Ft
$18/Sq Ft Est. Value

Last Sold March 11, 2024

Last sale price $550,000 $63 Per Sq Ft

Current estimated payment $933/month

93 Days on Market

Highlights

  • No HOA
  • Central Heating
  • Carpet
  • Cooling Available

About This Home

As of March 2024

Property Id: 1525097

Beautifully updated 2 bedroom, 1.5 bath townhome nestled in a quiet neighborhood surrounded by open farm fields and a nearby park. Located at the end of the street, you'll have a private oasis with limited neighbors. New flooring, paint and fixtures throughout the entire unit. The kitchen has updated stainless steel appliances, freshly painted cabinets and new countertops. Washer and dryer are provided. Utilities are paid by the tenant. Rent is $1200/month on a 1 year lease & $1250/month on a 6 month lease. Security deposit is $1200. Pets are welcome on approval! Pet fee is $50/pet per month. Application fee is $55 per applicant. **Pictures are of a similar unit**

Last Agent to Sell the Property

Brian Truman

SVN Accel Commercial Real Estate Brokerage Phone: 6152602121 License #338568 Listed on: 11/08/2023

SVN Accel Commercial Real Estate

Co-Listed By

Kunal Patel

SVN Accel Commercial Real Estate Brokerage Phone: 6152602121 License #364618

Last Buyer's Agent

Brian Truman

SVN Accel Commercial Real Estate Brokerage Phone: 6152602121 License #338568 Listed on: 11/08/2023

SVN Accel Commercial Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,827

Year Built

  • Built in 1996

Lot Details

  • 0.28

Home Design

  • Brick Exterior Construction
  • Vinyl Siding

Interior Spaces

  • 8,766 Sq Ft Home
  • Property has 1 Level
  • Carpet

Schools

  • Martin Elementary School
  • Martin Middle School
  • Westview High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $2,000
  • Assessor Parcel Number 072G A 00200 000

Community Details

Overview

  • No Home Owners Association
  • 9 Units
  • Ridge Top Subdivision

Building Details

  • Operating Expense $10,800
  • Gross Income $54,000
  • Net Operating Income $43,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,827

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1996
  • Inclusions: APPLN
  • Unit Levels: One
  • Building Stories: 2
  • Structure Type: Multi Family
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: 6152602121
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Carpet
  • Above Grade Finished Sq Ft: 8766
  • Building Area Units: Square Feet
  • Living Area: 8766
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Brick, Vinyl Siding
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: COM
  • Lot Size Units: Acres
  • Parcel #: 072G A 00200 000
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 54000
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 43200
  • Number Of Units Total: 9
  • Annual Operating Expense: 10800
  • Total Actual Rent: 2000

Tax Info

  • Tax Annual Amount: 4827

MLS Schools

  • Elementary School: Martin Elementary
  • High School: Westview High School
  • Middle Or Junior School: Martin Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 1995
Bought by
Chris Vincent
Current Estimated Value
$155,403

Purchase Details

Closed on
Jan 11, 1995
Bought by
Thomas Vincent Frank

Purchase Details

Closed on
Jul 15, 1994
Sold by
Everett
Bought by
Andrews
Source: Public Records

Range of Values:

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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

Purchase History

Date Buyer Sale Price Title Company
Chris Vincent $2,500 --
Thomas Vincent Frank $5,000 --
Andrews $54,250 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Century Re 101 Llc $608,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2024 11/30/24 Off Market $1,200 -- --
11/21/2024 11/21/24 For Rent $1,200 0.0% --
03/11/2024 03/11/24 Sold $550,000 -8.2% $63 / Sq Ft
02/09/2024 02/09/24 Pending -- -- --
02/06/2024 02/06/24 For Sale $599,000 0.0% $68 / Sq Ft
01/26/2024 01/26/24 Pending -- -- --
12/21/2023 12/21/23 For Sale $599,000 0.0% $68 / Sq Ft
11/20/2023 11/20/23 Pending -- -- --
11/08/2023 11/08/23 For Sale $599,000 -- $68 / 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 -- $41,560 $4,000 $37,560
2023 $1,254 $41,560 $4,000 $37,560
2022 $1,294 $34,720 $2,400 $32,320
2021 $1,294 $34,720 $2,400 $32,320
2020 $1,294 $34,720 $2,400 $32,320
2019 $1,173 $34,720 $2,400 $32,320
2018 $1,173 $34,720 $2,400 $32,320
2017 $1,095 $30,160 $2,000 $28,160
2016 $1,095 $30,160 $0 $0
2015 $1,096 $30,178 $0 $0
2014 $1,096 $30,178 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2591291

Realtracs

APN: 072G-A-005.00