NOT LISTED FOR SALE

1108 Bel Air Dr Lebanon, TN 37087

Estimated Value: $348,407 - $410,000

-- Bed
4 Baths
2,360 Sq Ft
$160/Sq Ft Est. Value

Last Sold October 04, 2021

Last sale price $325,000 $138 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,225/month

7 Days on Market

About This Home

As of October 2021

Brick duplex selling to settle estate. 48 hours showing notice required each unit 3 bedroom, 2 baths with master bedroom down. long term tenants, rents under market

Last Agent to Sell the Property

Jim Agee

Agee & Johnson Realty & Auction, Inc License # 12554 Listed on: 08/27/2021

Last Buyer's Agent

Stephanie Bentley-Wright

Blackwell Realty and Auction License #321406

Blackwell Realty and Auction

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,039

Year Built

1985

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • PropertyUnitTypes: {"UnitTypeActualRent":675,"UnitTypeType":"Unit 1","UnitTypeBathsTotal":2,"UnitTypeBedsTotal":3,"UnitTypeKey":"RTC2613750Group_1"}, {"UnitTypeActualRent":850,"UnitTypeType":"Unit 2","UnitTypeBathsTotal":2,"UnitTypeBedsTotal":3,"UnitTypeKey":"RTC2613750Group_2"}
  • Above Grade Finished Sq Ft: 2360
  • Carport Y N: No
  • Directions: From Lebanon Public Square, go N. Cumberland/Hwy 231N approx. 1 mile, R on Oakdale Drive, First left on Bel-Aire, go to 1108 on left
  • Garage Yn: No
  • Inclusions: NEGOT
  • Lot Size: 87X173
  • New Construction: No
  • Property Attached Yn: No
  • Subdivision Name: Hallcroft Est 2
  • Year Built Details: APROX
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1985

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl

Exterior Features

  • Construction Type: Brick
  • Pool Private: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Open Parking Spaces: 4
  • Total Parking Spaces: 4

Utilities

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

Schools

  • Middle Or Junior School: Walter J. Baird Middle School

Lot Info

  • Zoning: Res

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Above Grade Finished Area Units: Square Feet
  • Annual Gross Income: 18300
  • Property Net Operating Income: 18299
  • Number Of Units Total: 2
  • Annual Operating Expense: 1
  • Total Actual Rent: 1525

Tax Info

  • Tax Annual Amount: 2603
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2021
Closed on
Oct 4, 2021
Sold by
Martin Gary Richard and Estate Of Arnold Allen Lancast
Bought by
Speck Rentals Llc
Seller's Agent
Jim Agee
Agee & Johnson Realty & Auction, Inc
Buyer's Agent
Stephanie Bentley-Wright
Blackwell Realty and Auction
List Price
$330,000
Sold Price
$325,000
Premium/Discount to List
-$5,000
-1.52%
Current Estimated Value
$377,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,136
Avg. Annual Appreciation
4.18%
Original Mortgage
$275,000
Outstanding Balance
$238,849
Interest Rate
2.99%
Mortgage Type
Construction
Estimated Equity
$142,107

Purchase Details

Closed on
Mar 9, 2000
Sold by
Garrison Ritchie W
Bought by
Allen Lanceaster A and Allen Betty

Purchase Details

Closed on
Oct 3, 1986
Bought by
Garrison Ritchie W
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
Speck Rentals Llc $325,000 None Available
Allen Lanceaster A $125,000 --
Garrison Ritchie W $84,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Speck Rental Lc $275,000
Closed Speck Rentals Llc $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2021 10/04/21 Sold $325,000 -1.5% $138 / Sq Ft
09/04/2021 09/04/21 Pending -- -- --
08/27/2021 08/27/21 For Sale $330,000 -- $140 / 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 $2,039 $92,400 $25,000 $67,400
2022 $2,672 $92,400 $25,000 $67,400
2021 $2,672 $92,400 $25,000 $67,400
2020 $2,603 $92,400 $25,000 $67,400
2019 $594 $69,240 $11,000 $58,240
2018 $2,430 $69,240 $11,000 $58,240
2017 $2,430 $69,240 $11,000 $58,240
2016 $2,430 $69,240 $11,000 $58,240
2015 $2,512 $69,240 $11,000 $58,240
2014 $2,169 $59,798 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2286514

Realtracs

APN: 058L-B-005.00