NOT LISTED FOR SALE

111 Waco Rd Lynnville, TN 38472

Estimated Value: $300,481

Studio
5 Baths
4,500 Sq Ft
$67/Sq Ft Est. Value

Sale Details

Date Sold: December 30, 2020

Last sale price $210,000 $47 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $1,777 / mo

102 Days on Market

Highlights

  • Cooling Available
  • Central Heating
  • Property has 1 Level
  • Tile Flooring

About This Home

As of December 2020

Turn-key Investment Opportunity. Four Apartment Units Plus Storage! 100% Occupancy.

Last Agent to Sell the Property

Teresa Chiles

Onward Real Estate License #251120 Listed on: 07/18/2020

Onward Real Estate

Last Buyer's Agent

Fay Robinson

First Realty Group License #231026

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,924

Year Built

  • Built in 2002

Lot Details

  • 36,590 Sq Ft Lot

Interior Spaces

  • 4,500 Sq Ft Home
  • Property has 1 Level
  • Fire and Smoke Detector

Flooring

  • Concrete
  • Tile

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Gravel Driveway

Schools

  • Richland Elementary
  • Richland High School

Utilities

  • Cooling Available
  • Central Heating
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $2,200
  • The owner pays for water
  • Assessor Parcel Number 026A A 01200 000

Community Details

Overview

  • 4 Units

Building Details

  • Gross Income $2,200
  • Net Operating Income $2,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,924

Year Built

Built in 2002

Lot Details

0.84 Acres

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2002
  • Inclusions: APPLN
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: APROX
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Concrete, Tile
  • Above Grade Finished Sq Ft: 4500
  • Building Area Units: Square Feet
  • Living Area: 4500
  • 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
  • Open Parking Spaces: 8
  • Parking Features: Gravel
  • Total Parking Spaces: 8

Utilities

  • Sewer: Septic Tank
  • Water Source: Private
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Smoke Detector(s)

Condo/Co-op/Association

  • Association #2 Fee Frequency: One Time

Lot Info

  • Zoning: Retail
  • Lot Size Acres: 0.84
  • Lot Size: 100.82X330.45 IRR.
  • Lot Size Units: Acres
  • Parcel #: 026A A 01200 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity, Gas

Multi Family

  • Gross Income: 2200
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 2200
  • Number Of Units Total: 4
  • Total Actual Rent: 2200

Tax Info

  • Tax Annual Amount: 1924

MLS Schools

  • Elementary School: Richland Elementary
  • High School: Richland School
  • Middle Or Junior School: Richland Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2020
Closed on
Dec 30, 2020
Sold by
Latta Bitsy and Latta Kenneth C
Bought by
Lighthill Properties Inc
Seller's Agent
Teresa Chiles
Onward Real Estate
Buyer's Agent
Fay Robinson
First Realty Group
List Price
$229,000
Sold Price
$210,000
Premium/Discount to List
-$19,000
-8.3%
Current Estimated Value
$300,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,481
Avg. Annual Appreciation
7.01%
Original Mortgage
$72,000
Outstanding Balance
$63,508
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$236,973

Purchase Details

Closed on
Jun 13, 2013
Sold by
Berkley Robert James
Bought by
Latta Kenneth C and Latta Naomi W

Purchase Details

Closed on
Apr 3, 2003
Sold by
Demastus Douglas C
Bought by
Berkley Robert J

Purchase Details

Closed on
Mar 16, 1999
Sold by
Elias Allen
Bought by
Demastus Douglas C and Demastus Berth

Purchase Details

Closed on
Feb 3, 1982
Bought by
Elias Allen

Purchase Details

Closed on
Jan 1, 1948

Purchase Details

Closed on
Jan 3, 1900
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Lighthill Properties Inc $210,000 None Listed On Document
Latta Kenneth C $75,000 --
Berkley Robert J $51,500 --
Demastus Douglas C $18,000 --
Elias Allen -- --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lighthill Properties Inc $72,000
Open Lighthill Properties Inc $209,512
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2020 12/30/20 Sold $210,000 -8.3% $47 / Sq Ft
10/28/2020 10/28/20 Pending -- -- --
07/18/2020 07/18/20 For Sale $229,000 -- $51 / Sq Ft
Source: Realtracs

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
2025 $2,081 $90,280 $21,040 $69,240
2024 $2,081 $90,280 $21,040 $69,240
2023 $1,793 $90,280 $21,040 $69,240
2022 $1,793 $90,280 $21,040 $69,240
2021 $2,372 $83,960 $16,680 $67,280
2020 $1,924 $68,120 $16,680 $51,440
2019 $1,924 $68,120 $16,680 $51,440
2018 $1,924 $68,120 $16,680 $51,440
2017 $1,924 $68,120 $16,680 $51,440
2016 $2,369 $79,720 $16,040 $63,680
2015 $2,209 $79,720 $16,040 $63,680
2014 -- $79,703 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2171157

Realtracs

APN: 026A-A-012.00

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