NOT LISTED FOR SALE

Estimated Value: $814,000 - $947,914

3 Beds
1.5 Baths
1,474 Sq Ft
$611/Sq Ft Est. Value

Last Sold September 27, 2023

Last sale price $925,000 $628 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $5,998/month

16 Days on Market

Highlights

  • Contemporary Architecture
  • Cooling Available
  • Tile Flooring
  • Great Room
  • Storage
  • Central Heating

About This Home

As of September 2023

RARE opportunity to purchase a successful, cash-flowing Non-Owner Occupied Short Term Rental (NOO STR) right DOWNTOWN with $125-$150k estimated gross annual revenue (pro forma attached to the media section on MLS). Well maintained 3 bedroom/ 1.5 bath townhome just blocks from downtown in Rutledge House. Nice updated kitchen with stainless appliances. Large and open living room/ dining room with tons of natural light. Updated baths. One car garage plus one other deeded parking spot in front of the garage. HVAC replaced 2020, dishwasher 2021, washer/ dryer 2015. Don't miss this incredible opportunity!

Last Agent to Sell the Property

Sean Shariati

Reliant Realty ERA Powered License #315315 Listed on: 06/19/2023

Reliant Realty ERA Powered

Co-Listed By

John Farr

Reliant Realty ERA Powered License # 353559

Last Buyer's Agent

NONMLS NONMLS

License #2211

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,663

Year Built

  • Built in 1987

Lot Details

  • 871 Sq Ft Lot

HOA Fees

  • $648 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Private Parking
  • Driveway

Home Design

  • Contemporary Architecture
  • Slab Foundation

Interior Spaces

  • 1,474 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan
  • Great Room
  • Combination Dining and Living Room
  • Storage

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

Schools

  • Jones Paideia Magnet Elementary School
  • John Early Paideia Magnet Middle School
  • Pearl Cohn Magnet High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 093110C04000CO

Community Details

Overview

  • Association fees include exterior maintenance, ground maintenance, insurance
  • Rutledge House Subdivision

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,663

Year Built

Built in 1987

Lot Details

0

HOA Fees

$648 per month

Parking

1

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Townhouse
  • Architectural Style: Contemporary
  • Year Built: 1987
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 3

Interior Features

  • Interior Amenities: Ceiling Fan(s), Storage, Utility Connection
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Fireplace: No
  • Flooring: Laminate, Tile
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Has Basement: Slab
  • Above Grade Finished Sq Ft: 1474
  • Building Area Units: Square Feet
  • Living Area: 1474
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Fiber Cement
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Private, Asphalt
  • Total Parking Spaces: 1

Utilities

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

Condo/Co-op/Association

  • HOA Fee Includes: Exterior Maintenance, Maintenance Grounds, Insurance
  • Association Fee: 648
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Common Interest: Condominium
  • Senior Community: No
  • ResoAssociationFeeFrequency: Monthly

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 0.02
  • Lot Size Units: Acres
  • Parcel #: 093110C04000CO
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 6663

MLS Schools

  • Elementary School: Jones Paideia Magnet
  • High School: Pearl Cohn Magnet High School
  • Middle Or Junior School: John Early Paideia Magnet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 19, 2023
Closed on
Sep 27, 2023
Sold by
Mudigonda Ashwin and Mudigonda Maansi
Bought by
Jaap David Andrew
Seller's Agent
Sean Shariati
Reliant Realty ERA Powered
Buyer's Agent
NONMLS NONMLS
List Price
$925,000
Sold Price
$925,000
Views
38
Current Estimated Value
$899,979

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,021
Avg. Annual Appreciation
-3.19%
Original Mortgage
$693,750
Outstanding Balance
$683,173
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$184,638

Purchase Details

Listed on
May 25, 2015
Closed on
Jul 10, 2015
Sold by
Thomas Michael
Bought by
Mudigonda Ashwin and Jeevan Maansi
Seller's Agent
John Mcleroy
Natchez Trace Realty, LLC
Buyer's Agent
Sean Shariati
Reliant Realty ERA Powered
List Price
$249,900
Sold Price
$264,000
Premium/Discount to List
$14,100
5.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.48%
Original Mortgage
$250,800
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 31, 2011
Closed on
Feb 22, 2012
Sold by
Rose Terry
Bought by
Thomas Michael
Seller's Agent
Aaron Noffsinger
Revolution Real Estate
Buyer's Agent
Nicole Andree
Benchmark Realty, LLC
List Price
$314,900
Sold Price
$186,000
Premium/Discount to List
-$128,900
-40.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.92%
Original Mortgage
$167,400
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 20, 2005
Sold by
Fugal Thayne and Rose Terry
Bought by
Rose Terry

Purchase Details

Closed on
Oct 20, 2004
Sold by
Wallach Kurt L and Wallach Marilyn G
Bought by
Rose Terry and Fugal Thayne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$149,400
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
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
Jaap David Andrew $925,000 Signature Title
Mudigonda Ashwin $264,000 Tennessee Title Services Llc
Thomas Michael $186,000 Bell & Alexander Title Servi
Rose Terry -- --
Rose Terry $166,000 Centennial Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jaap David Andrew $693,750
Previous Owner Mudigonda Ashwin $228,000
Previous Owner Mudigonda Ashwin $250,800
Previous Owner Thomas Michael $167,400
Previous Owner Rose Terry $149,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2023 09/27/23 Sold $925,000 0.0% $628 / Sq Ft
07/06/2023 07/06/23 Pending -- -- --
06/19/2023 06/19/23 For Sale $925,000 +270.1% $628 / Sq Ft
10/20/2017 10/20/17 Pending -- -- --
10/18/2017 10/18/17 For Sale $249,900 -5.3% $170 / Sq Ft
07/10/2015 07/10/15 Sold $264,000 +41.9% $179 / Sq Ft
04/01/2014 04/01/14 Off Market $186,000 -- --
02/17/2014 02/17/14 For Sale $314,900 +69.3% $222 / Sq Ft
02/22/2012 02/22/12 Sold $186,000 -- $131 / 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 $6,663 $204,760 $24,000 $180,760
2023 $6,663 $204,760 $24,000 $180,760
2022 $4,848 $204,760 $24,000 $180,760
2021 $6,733 $204,760 $24,000 $180,760
2020 $3,282 $77,750 $10,500 $67,250
2019 $2,453 $77,750 $10,500 $67,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2532349

Realtracs

APN: 093-11-0C-040-00