NOT LISTED FOR SALE

13 Main St E Wartrace, TN 37183

Estimated Value: $629,005

Studio
7 Baths
6,400 Sq Ft
$98/Sq Ft Est. Value

Sale Details

Date Sold: July 24, 2019

Last sale price $365,500 $57 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $4,016 / mo

57 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heating Available
  • 5 Car Garage

About This Home

As of July 2019

This building was restored in 2000 and made into 8 residential units and 1 commercial unit. The commercial unit is on first floor on street front contains 640 sq ft and rents for $300 and tenant pays electric. Two 2 br 1 ba units are on first floor 960 sq ft each and rent for $750 each and owner pays electric. One 1 br 1 ba unit on the first floor 640 sq ft and rents for $475. Five 1 br 1 ba units are on second floor 640 sq ft each and rent for $450 each and tenants pay electric.

Last Agent to Sell the Property

Wayne Neese

Coldwell Banker Southern Realty License #222711 Listed on: 04/04/2019

Coldwell Banker Southern Realty

Last Buyer's Agent

Julie Gant

Crye-Leike, REALTORS License #313543

Crye-Leike, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,487

Year Built

  • Built in 2000

Lot Details

  • Lot Dimensions are 50 x 128

Parking

  • 5 Car Garage
  • Parking Lot
  • Unassigned Parking

Home Design

  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • 6,400 Sq Ft Home
  • Property has 2 Levels

Flooring

  • Carpet
  • Laminate
  • Vinyl

Schools

  • Cascade Elementary
  • Cascade High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $2,425
  • The owner pays for water
  • Assessor Parcel Number 002071E D 00800 00003071E

Community Details

Overview

  • 9 Units
  • Apt Bldg 8 Res. & 1 Comm. Subdivision

Building Details

  • Operating Expense $14,300
  • Gross Income $54,300
  • Net Operating Income $40,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,487

Year Built

Built in 2000

Lot Details

6,403 Sq Ft Lot

Parking

5

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2000
  • Inclusions: APPLN
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Owner
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Laminate, Vinyl
  • Above Grade Finished Sq Ft: 6400
  • Building Area Units: Square Feet
  • Living Area: 6400
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Owner

Exterior Features

  • Construction Type: Brick
  • Pool Private: No
  • Roof: Metal
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 5
  • Garage Spaces: 5
  • Garage Yn: Yes
  • Parking Features: Unassigned, Parking Lot, Paved
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Laundry Features: None

Condo/Co-op/Association

  • Association #2 Fee Frequency: One Time

Lot Info

  • Zoning: C2
  • Lot Size: 50 X 128
  • Lot Size Units: Acres
  • Parcel #: 002071E D 00800 00003071E
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 54300
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 40000
  • Number Of Units Total: 9
  • Annual Operating Expense: 14300
  • Total Actual Rent: 2425

Tax Info

  • Tax Annual Amount: 3487

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2019
Closed on
Jul 24, 2019
Sold by
Garland John E and Garland Beatrice B
Bought by
Wood Jason
Seller's Agent
Wayne Neese
Coldwell Banker Southern Realty
Buyer's Agent
Julie Gant
Crye-Leike, REALTORS
List Price
$399,000
Sold Price
$365,500
Premium/Discount to List
-$33,500
-8.4%
Current Estimated Value
$629,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$263,505
Avg. Annual Appreciation
8.47%

Purchase Details

Closed on
Sep 15, 1999
Sold by
Two Boys Eleven Builders
Bought by
Garland John E and Garland Beatrice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 6, 1995
Bought by
Two Boys Eleven Builders Inc

Purchase Details

Closed on
Jun 1, 1991
Bought by
King William D and King Patricia G

Purchase Details

Closed on
Dec 31, 1986
Bought by
Whitaker Robert L and Whitaker Lois P
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
Wood Jason $373,000 Hitchcock Title Company
Garland John E $25,000 --
Two Boys Eleven Builders Inc $6,000 --
King William D $5,300 --
Whitaker Robert L $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Whitaker Robert L $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2019 07/24/19 Sold $365,500 -8.4% $57 / Sq Ft
05/31/2019 05/31/19 Pending -- -- --
04/04/2019 04/04/19 For Sale $399,000 -- $62 / 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 -- $130,600 $19,200 $111,400
2024 -- $130,600 $19,200 $111,400
2023 $3,037 $130,600 $19,200 $111,400
2022 $4,447 $130,600 $19,200 $111,400
2021 $3,724 $130,600 $19,200 $111,400
2020 $3,577 $130,600 $19,200 $111,400
2019 $3,577 $90,120 $16,720 $73,400
2018 $3,487 $90,120 $16,720 $73,400
2017 $3,487 $90,120 $16,720 $73,400
2016 $3,451 $90,120 $16,720 $73,400
2015 $3,451 $90,120 $16,720 $73,400
2014 $3,304 $90,040 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Wayne Neese

    Seller's Agent in 2019

    Wayne Neese

    Coldwell Banker Southern Realty

    (931) 639-0161

    89 Total Sales

    Wayne Neese
    Section Image
  • Julie Gant

    Buyer's Agent in 2019

    Julie Gant

    Crye-Leike

    (615) 430-2304

    7 Total Sales

    Julie Gant
    Section Image
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Map

Source: Realtracs

MLS Number: 2027165

Realtracs

APN: 071E-D-008.00

Tennessee Bedford County Wartrace 37183

13 Main St E, Wartrace, TN

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realtracs Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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