NOT LISTED FOR SALE

120 Eatherly Landing Rd Carthage, TN 37030

Estimated Value: $966,798 - $1,035,000

12 Beds
6 Baths
6,384 Sq Ft
$157/Sq Ft Est. Value

Last Sold August 31, 2022

Last sale price $900,000 $141 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $5,808/month

254 Days on Market

Highlights

  • River View
  • Cooling Available
  • Central Heating
  • No HOA
  • Accessible Hallway
  • Carpet

About This Home

As of August 2022

Incredible Investment opportunity! First time ever offered for sale. Built in 2000. Two story 6 unit all brick well built and maintained apartment complex bordering the Cumberland River in Carthage. Great location, very low turnover and private river view setting. All units are approx 1100 sq ft and 2 BR/1 bath with their own patio/deck. Each unit has a washer/dryer hookup & kitchen appliances. All units are currently rented on one year lease.

Last Agent to Sell the Property

Melissa Baker

Realty Empire LLC License # 321640 Listed on: 10/17/2021

Co-Listed By

James Baker

Realty Empire LLC License # 351801

Last Buyer's Agent

Robert Little

Realty Empire LLC License #365737

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,343

Year Built

  • Built in 2000

Lot Details

  • 1.4

Property Views

  • River
  • City

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 6,384 Sq Ft Home
  • Property has 2 Levels
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • Driveway
  • Parking Lot

Schools

  • Carthage Elementary School
  • Smith County Middle School
  • Smith Co High School

Utilities

  • Cooling Available
  • Central Heating

Additional Features

  • Accessible Hallway
  • 1.4 Acre Lot

Listing and Financial Details

  • Total Actual Rent $3,675
  • Assessor Parcel Number 054 00402 000

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Operating Expense $13,000
  • Gross Income $64,800
  • Net Operating Income $51,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,343

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2000
  • Inclusions: APPLN
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Multi Family
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Accessibility Features: Accessible Hallway(s)
  • Fireplace: No
  • Flooring: Carpet, Laminate, Vinyl
  • Above Grade Finished Sq Ft: 6384
  • Building Area Units: Square Feet
  • Living Area: 6384
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Brick
  • Pool Private: No
  • Roof: Shingle
  • View: City, River
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Asphalt, Parking Lot

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Individual
  • Security: Smoke Detector(s)

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: C-2
  • Lot Size Acres: 1.4
  • Lot Size: CAB B SLIDE 139 / TR 6
  • Lot Size Units: Acres
  • Parcel #: 054 00402 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 64800
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 51800
  • Number Of Units Total: 6
  • Annual Operating Expense: 13000
  • Total Actual Rent: 3675

Tax Info

  • Tax Annual Amount: 7343

MLS Schools

  • Elementary School: Carthage Elementary
  • High School: Smith Co High School
  • Middle Or Junior School: Smith County Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2021
Closed on
Aug 31, 2022
Sold by
Eatherly Landholdings Llc
Bought by
Broyles Betty Jane Evans
Seller's Agent
Melissa Baker
Realty Empire LLC
Buyer's Agent
Robert Little
Realty Empire LLC
List Price
$1,249,000
Sold Price
$900,000
Premium/Discount to List
-$349,000
-27.94%
Views
10
Current Estimated Value
$994,471

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,471
Avg. Annual Appreciation
3.68%

Purchase Details

Closed on
Jul 16, 2001
Sold by
Eatherly Landholdings Llc
Bought by
Smith Co Tn

Purchase Details

Closed on
Jun 9, 2000
Sold by
Eatherly Landholdings Llc
Bought by
Cowan James B

Purchase Details

Closed on
May 17, 1999
Sold by
Eatherly Landholdings Llc
Bought by
Eatherly Landholdings Llc
Source: Public Records

Range of Values:

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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
Broyles Betty Jane Evans $900,000 Bass And Bass
Smith Co Tn $100,000 --
Cowan James B $100,000 --
Eatherly Landholdings Llc $206,820 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2022 08/31/22 Sold $900,000 -27.9% $141 / Sq Ft
06/29/2022 06/29/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $1,249,000 +38.8% $196 / Sq Ft
04/21/2022 04/21/22 Off Market $900,000 -- --
11/12/2021 11/12/21 For Sale -- -- --
10/30/2021 10/30/21 Pending -- -- --
10/20/2021 10/20/21 For Sale -- -- --
10/17/2021 10/17/21 For Sale $1,249,000 -- $196 / 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 $3,795 $218,960 $31,200 $187,760
2023 $3,440 $218,960 $0 $0
2022 $5,061 $198,480 $31,200 $167,280
2021 $6,867 $190,440 $31,200 $159,240
2020 $7,343 $190,440 $31,200 $159,240
2019 $7,343 $190,440 $31,200 $159,240
2018 $6,219 $190,440 $31,200 $159,240
2017 $6,219 $190,440 $31,200 $159,240
2016 $5,649 $162,800 $22,080 $140,720
2015 $5,649 $162,800 $22,080 $140,720
2014 $5,649 $162,800 $22,080 $140,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2300868

Realtracs

APN: 054-004.02