NOT LISTED FOR SALE

1440 Old Columbia Rd Lewisburg, TN 37091

Estimated Value: $220,000 - $292,347

-- Bed
2 Baths
2,000 Sq Ft
$125/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $172,500 $86 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $1,503/month

47 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Property has 1 Level
  • Oak Grove Elementary School Rated A
  • Carpet

About This Home

As of May 2021

Great rental income! Duplex has 2 apartments with 3 bedrooms, 1 bath on each side. Both sides currently rented. Requires 24 hr. notice to show property. No showings on Sunday.

Last Agent to Sell the Property

Kent Davis

Homestead-Kent Davis Realty & Aucti License #212798 Listed on: 03/05/2021

Last Buyer's Agent

Kent Davis

Homestead-Kent Davis Realty & Aucti License #212798 Listed on: 03/05/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,589

Year Built

  • Built in 1967

Lot Details

  • 0.3 Acre Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 2,000 Sq Ft Home
  • Property has 1 Level

Flooring

  • Carpet
  • Laminate
  • Vinyl

Schools

  • Marshall-Oak Grove-Westhills Elem. Elementary School
  • Lewisburg Middle School
  • Marshall Co High School

Utilities

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

Listing and Financial Details

  • Total Actual Rent $1,300
  • Assessor Parcel Number 063L A 05700 000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Sunset Drive Subdivision

Building Details

  • Operating Expense $1
  • Gross Income $15,600
  • Net Operating Income $15,599

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,589

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1967
  • Inclusions: NEGOT
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Laminate, Vinyl
  • Above Grade Finished Sq Ft: 2000
  • Building Area Units: Square Feet
  • Living Area: 2000
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Electric, Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas, Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: R-2
  • Lot Size Acres: 0.3
  • Lot Size: 100X140 IRR
  • Lot Size Units: Acres
  • Parcel #: 063L A 05700 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 15600
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 15599
  • Number Of Units Total: 2
  • Annual Operating Expense: 1
  • Total Actual Rent: 1300

Tax Info

  • Tax Annual Amount: 1589

MLS Schools

  • Elementary School: Marshall-Oak Grove-Westhills ELem.
  • High School: Marshall Co High School
  • Middle Or Junior School: Lewisburg Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 5, 2024
Sold by
Patel Nirnial Ghahshyambhai
Bought by
Patel Parth P
Current Estimated Value
$250,837

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Outstanding Balance
$347,602
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
-$96,765

Purchase Details

Listed on
Mar 5, 2021
Closed on
May 20, 2021
Sold by
Holder Tammy Annette and Calahan Jimmy Chester
Bought by
Patel Nirmal Ghanshyambhai
Seller's Agent
Kent Davis
Homestead-Kent Davis Realty & Aucti
Buyer's Agent
Kent Davis
Homestead-Kent Davis Realty & Aucti
List Price
$174,900
Sold Price
$172,500
Premium/Discount to List
-$2,400
-1.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.72%
Original Mortgage
$141,774
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Listed on
Aug 6, 2018
Closed on
Aug 15, 2018
Sold by
Thompson Joe Burton
Bought by
Calahan Jimmy C and Calahan Ruby O
Seller's Agent
Ryan Richardson
David Jent Realty & Auction
Buyer's Agent
Kent Davis
Homestead-Kent Davis Realty & Aucti
List Price
$510,000
Sold Price
$120,000
Premium/Discount to List
-$390,000
-76.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.00%

Purchase Details

Closed on
Oct 17, 2001
Sold by
Etal Hardison D Glenn
Bought by
Thompson Robert P
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Patel Parth P $450,000 Security Title & Escrow Co Llc
Patel Nirmal Ghanshyambhai $172,500 None Available
Patel Nirmal Ghanshyambha $172,500 None Listed On Document
Calahan Jimmy C $120,000 --
Thompson Robert P $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Parth P $360,000
Previous Owner Patel Nirmal Ghanshyambha $141,774
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/21/2021 05/21/21 Sold $172,500 -65.5% $86 / Sq Ft
04/28/2021 04/28/21 Pending -- -- --
04/22/2021 04/22/21 Price Changed $500,000 -2.0% $250 / Sq Ft
04/21/2021 04/21/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $510,000 +191.6% $255 / Sq Ft
03/05/2021 03/05/21 For Sale $174,900 +45.8% $87 / Sq Ft
08/15/2018 08/15/18 Sold $120,000 -- $60 / Sq Ft View Prior Sale
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 -- $69,920 $5,800 $64,120
2023 $2,171 $69,920 $5,800 $64,120
2022 $2,171 $69,920 $5,800 $64,120
2021 $1,589 $34,160 $5,200 $28,960
2020 $1,589 $34,160 $5,200 $28,960
2019 $1,538 $34,160 $5,200 $28,960
2018 $1,521 $34,160 $5,200 $28,960
2017 $1,521 $34,160 $5,200 $28,960
2016 $1,536 $30,000 $4,800 $25,200
2015 $1,401 $30,000 $4,800 $25,200
2014 $1,401 $30,000 $4,800 $25,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2233548

Realtracs

APN: 063L-A-057.00