NOT LISTED FOR SALE

110 Cherry Ave Lafayette, TN 37083

Macon County Neighborhood

Estimated Value: $111,184 - $320,000

2 Beds
2 Baths
6,000 Sq Ft
$31/Sq Ft Est. Value

Last Sold June 18, 2018

Last sale price $99,000 $16 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $1,031/month

Highlights

  • Cooling Available
  • Carpet
  • Heating Available

About This Home

As of June 2018

10 unit apts.,8 rented, 2 units need repairing, GREAT INVESTMENT, GOOD MONTHLY INCOME. INCOME IS BASED ON MONTHLY INCOME.

Last Agent to Sell the Property

Donna Colter

BHGRE, Ben Bray & Associates License #327922 Listed on: 05/18/2018

Last Buyer's Agent

Donna Colter

BHGRE, Ben Bray & Associates License #327922 Listed on: 05/18/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $938

Year Built

  • Built in 1947

Lot Details

  • 1

Interior Spaces

  • 6,000 Sq Ft Home
  • Property has 2 Levels

Flooring

  • Carpet
  • Vinyl

Schools

  • Lafayette Elementary School
  • Macon County Junior High School
  • Macon County High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $800
  • The owner pays for electricity, gas, water
  • Assessor Parcel Number 056050O D 01100 00001050O

Community Details

Overview

  • 10 Units
  • Wooten Add Subdivision

Building Details

  • Operating Expense $861
  • Gross Income $2,359
  • Net Operating Income $1,498

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$938

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1947
  • Inclusions: APPLN
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Above Grade Finished Sq Ft: 6000
  • Building Area Units: Square Feet
  • Living Area: 6000
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Other
  • 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: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Wall Unit(s)
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association #2 Fee Frequency: One Time

Lot Info

  • Zoning: commercial
  • Lot Size: 200 M X 50 M
  • Lot Size Units: Acres
  • Parcel #: 056050O D 01100 00001050O
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 2359
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 1498
  • Number Of Units Total: 10
  • Annual Operating Expense: 861
  • Total Actual Rent: 800

Tax Info

  • Tax Annual Amount: 938

MLS Schools

  • Elementary School: Lafayette Elementary School
  • High School: Macon County High School
  • Middle Or Junior School: Macon County Junior High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 25, 2008
Sold by
Terry Cook
Bought by
Terry Cook
Current Estimated Value
$187,046

Purchase Details

Closed on
Sep 29, 2006
Sold by
Colter Dennis W
Bought by
Dean Gregory Michael

Purchase Details

Closed on
Mar 26, 2002
Sold by
Mildred Cook
Bought by
Terry Cook and Terry Connie

Purchase Details

Closed on
Jul 25, 1967
Bought by
Cook Billy
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
Terry Cook -- --
Dean Gregory Michael $54,500 --
Terry Cook $25,000 --
Cook Billy -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2021 01/09/21 Pending -- -- --
01/08/2021 01/08/21 For Sale $225,000 0.0% $38 / Sq Ft
12/17/2020 12/17/20 Pending -- -- --
12/14/2020 12/14/20 For Sale $225,000 +181.6% $38 / Sq Ft
07/24/2020 07/24/20 Off Market $79,900 -- --
07/13/2020 07/13/20 Price Changed $237,440 +0.4% $40 / Sq Ft
07/10/2020 07/10/20 Price Changed $236,440 +0.9% $39 / Sq Ft
06/26/2020 06/26/20 For Sale $234,440 +136.8% $39 / Sq Ft
06/18/2018 06/18/18 Sold $99,000 +23.9% $17 / Sq Ft
02/13/2018 02/13/18 Sold $79,900 -- $13 / 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 $468 $24,900 $4,500 $20,400
2023 $468 $24,900 $0 $0
2022 $331 $10,500 $2,250 $8,250
2021 $326 $10,500 $2,250 $8,250
2020 $326 $10,500 $2,250 $8,250
2019 $326 $10,500 $2,250 $8,250
2018 $301 $10,500 $2,250 $8,250
2017 $282 $8,625 $1,375 $7,250
2016 $272 $8,625 $1,375 $7,250
2015 $272 $8,625 $1,375 $7,250
2014 $272 $8,637 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Donna Colter

    Seller's Agent in 2018

    Donna Colter

    BHGRE, Ben Bray & Associates

    (615) 388-7246

    45 in this area

    47 Total Sales

    Donna Colter
    Section Image
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Map

Source: Realtracs

MLS Number: 1931889

Realtracs

APN: 050O-E-006.00

Tennessee Macon County Lafayette 37083 Macon County

110 Cherry Ave, Lafayette, TN

This home is located at 110 Cherry Ave, Lafayette, TN 37083 since 18 May 2018 and is currently estimated at $187,046, approximately $31 per square foot. This property was built in 1947. 110 Cherry Ave is a home located in Macon County with nearby schools including Macon Christian Academy.

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