NOT LISTED FOR SALE

1311 Wenlon Dr Murfreesboro, TN 37130

Estimated Value: $620,931

8 Beds
4 Baths
3,966 Sq Ft
$157/Sq Ft Est. Value

Last Sold August 07, 2020

Last sale price $436,500 $110 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $3,540/month

7 Days on Market

Highlights

  • 1 Acre Lot
  • No HOA
  • Carpet
  • Oakland High School Rated A-
  • Central Heating and Cooling System

About This Home

As of August 2020

Great Quad, each with 2 bedrooms, 1.5 bath. Close to downtown, shopping, grocery store and restaurants. All units are currently being leased and have been since 2014, 2016 and 2018. Great Cap rates!!

Last Agent to Sell the Property

Tabatha Shea

APP Realty Brokerage Phone: 6154747331 License #323915 Listed on: 07/13/2020

Last Buyer's Agent

Cindy Bullock

Lifestyles Realty Tennessee, Inc License #318252

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,317

Year Built

  • Built in 1982

Lot Details

  • 1 Acre Lot

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 3,966 Sq Ft Home
  • Property has 2 Levels
  • Fire and Smoke Detector

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Driveway

Schools

  • Reeves-Rogers Elementary School
  • Oakland Middle School
  • Oakland High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $2,900
  • The owner pays for electricity, gas, water
  • Assessor Parcel Number 081O B 00200 R0050190

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Wenlon Subdivision

Building Details

  • Operating Expense $2,300
  • Gross Income $42,000
  • Net Operating Income $39,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,317

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1982
  • Inclusions: OTHER
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Quadruplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Total Bedrooms: 8
  • Above Grade Finished Sq Ft: 3966
  • Building Area Units: Square Feet
  • Living Area: 3966
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Appraiser

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 2
  • Parking Features: Concrete
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Electric, Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas, Central
  • Heating Yn: Yes
  • Laundry Features: Utility Connection
  • Security: Smoke Detector(s)
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: res.
  • Lot Size Acres: 1
  • Lot Size: 89.03 X 176.06 IRR
  • Lot Size Units: Acres
  • Parcel #: 081O B 00200 R0050190
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 42000
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 39700
  • Number Of Units Total: 4
  • Annual Operating Expense: 2300
  • Total Actual Rent: 2900

Tax Info

  • Tax Annual Amount: 3317

MLS Schools

  • Elementary School: Reeves-Rogers Elementary
  • High School: Oakland High School
  • Middle Or Junior School: Oakland Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 17, 2022
Sold by
Shahriari and Sayena
Bought by
Wenlon Properties Llc
Current Estimated Value
$620,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,500
Outstanding Balance
$315,106
Interest Rate
2.33%
Mortgage Type
New Conventional
Estimated Equity
$305,825

Purchase Details

Closed on
Jan 19, 2022
Sold by
Cnp2 Wenlon Llc
Bought by
Shahriari Shervin and Sajadi Sayena

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,500
Outstanding Balance
$315,106
Interest Rate
2.33%
Mortgage Type
New Conventional
Estimated Equity
$305,825

Purchase Details

Listed on
Jul 13, 2020
Closed on
Oct 5, 2020
Sold by
Bullock Cindy
Bought by
Cnp2 Wenlon Llc
Seller's Agent
Tabatha Shea
APP Realty
Buyer's Agent
Cindy Bullock
Lifestyles Realty Tennessee, Inc
List Price
$485,500
Sold Price
$436,500
Premium/Discount to List
-$49,000
-10.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.98%

Purchase Details

Listed on
Jul 13, 2020
Closed on
Aug 7, 2020
Sold by
Farrer Andrew
Bought by
Bullock Cindy
Seller's Agent
Tabatha Shea
APP Realty
Buyer's Agent
Cindy Bullock
Lifestyles Realty Tennessee, Inc
List Price
$485,500
Sold Price
$436,500
Premium/Discount to List
-$49,000
-10.09%

Purchase Details

Closed on
Feb 18, 2015
Sold by
Farrer Stephen H
Bought by
Farrer Andrew
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
Wenlon Properties Llc -- None Listed On Document
Shahriari Shervin $534,000 Tennessee Title
Cnp2 Wenlon Llc -- Birdgehouse Title
Bullock Cindy $436,500 Gateway Title Services Llc
Farrer Andrew $168,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shahriari Shervin $400,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2020 08/07/20 Sold $436,500 -10.1% $110 / Sq Ft
07/20/2020 07/20/20 Pending -- -- --
07/13/2020 07/13/20 For Sale $485,500 -- $122 / 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
2025 $3,477 $185,300 $22,000 $163,300
2024 $3,477 $185,300 $22,000 $163,300
2023 $3,477 $185,300 $22,000 $163,300
2022 $2,995 $185,300 $22,000 $163,300
2021 $2,098 $94,540 $16,000 $78,540
2020 $2,098 $94,540 $16,000 $78,540
2019 $2,098 $94,540 $16,000 $78,540
2018 $2,883 $94,540 $0 $0
2017 $2,593 $66,720 $0 $0
2016 $2,593 $66,720 $0 $0
2015 $2,593 $66,720 $0 $0
2014 $1,659 $66,720 $0 $0
2013 -- $74,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2169165

Realtracs

APN: 081O-B-002.00-000