NOT LISTED FOR SALE

147 Main St E Gordonsville, TN 38563

Estimated Value: $666,000 - $886,000

Studio
2 Baths
12,000 Sq Ft
$62/Sq Ft Est. Value

Last Sold January 04, 2021

Last sale price $475,000 $40 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $3,870/month

50 Days on Market

Highlights

  • City View
  • Accessible Doors
  • Heating Available
  • Window Unit Cooling System
  • Wood Siding
  • Property has 1 Level

About This Home

As of January 2021

This is an extremely rare investment opportunity. Trailer park currently has 17 spaces, and 2 apartments. Property is approximately 3.75 acres seller will provide new survey, all spaces have city sewer. Property is well kept and most tenants have been residing for an extended period of time. Rents are month to month, with no long term leases. Park is under 10 minutes from the interstate.

Last Agent to Sell the Property

Joshua Kirby

Blackwell Realty & Auction License #324684 Listed on: 09/18/2020

Blackwell Realty & Auction

Co-Listed By

Kelly Kirby

RE/MAX West Main Realty License #335307

Last Buyer's Agent

Lisa McCurdy

Full Circle Realty License #299439

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,114

Year Built

  • Built in 1950

Lot Details

  • 0.42 Acre Lot
  • Lot Dimensions are 120 x 122

Parking

  • Gravel Driveway

Home Design

  • Metal Roof
  • Wood Siding

Interior Spaces

  • 12,000 Sq Ft Home
  • Property has 1 Level
  • City Views

Accessible Home Design

  • Accessible Doors

Schools

  • Gordonsville Elementary School
  • Gordonsville High School

Utilities

  • Window Unit Cooling System
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $700
  • The owner pays for water
  • Assessor Parcel Number 077N A 00701 000

Community Details

Overview

  • 19 Units
  • City Of Gordonsville Subdivision

Building Details

  • Operating Expense $723
  • Gross Income $3,500
  • Net Operating Income $2,777

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,114

Year Built

Built in 1950

Lot Details

0.42 Acres

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1950
  • Inclusions: OTHER
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Accessibility Features: Accessible Doors
  • Fireplace: No
  • Flooring: Other
  • Above Grade Finished Sq Ft: 12000
  • Building Area Units: Square Feet
  • Living Area: 12000
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Other

Exterior Features

  • Construction Type: Wood Siding
  • Pool Private: No
  • Roof: Metal
  • View: City
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Gravel

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Laundry Features: Individual

Condo/Co-op/Association

  • Association #2 Fee Frequency: One Time

Lot Info

  • Zoning: C1
  • Lot Size Acres: 0.42
  • Lot Size: 120 X 122
  • Lot Size Units: Acres
  • Parcel #: 077N A 00701 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 3500
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 2777
  • Number Of Units Total: 19
  • Annual Operating Expense: 723
  • Total Actual Rent: 700

Tax Info

  • Tax Annual Amount: 1114

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2020
Closed on
Jan 4, 2021
Sold by
Parks Katherine Lea
Bought by
Roberts Michael
Seller's Agent
Joshua Kirby
Blackwell Realty & Auction
Buyer's Agent
Lisa McCurdy
Full Circle Realty
List Price
$575,000
Sold Price
$475,000
Premium/Discount to List
-$100,000
-17.39%
Current Estimated Value
$745,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$270,043
Avg. Annual Appreciation
9.12%
Original Mortgage
$380,000
Outstanding Balance
$336,751
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$408,292

Purchase Details

Closed on
Feb 2, 1995
Sold by
Glenn James
Bought by
James Tallent

Purchase Details

Closed on
Aug 26, 1994
Bought by
James Glenn B and James Beatrice L

Purchase Details

Closed on
Aug 10, 1992
Bought by
Spears Johnny T and Spears Beatrice L

Purchase Details

Closed on
Feb 12, 1973
Bought by
Spears John T and Spears Verna M

Purchase Details

Closed on
Nov 3, 1972
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
Roberts Michael $475,000 Birthright Title Llc
James Tallent -- --
James Glenn B $62,500 --
Spears Johnny T -- --
Spears John T -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roberts Michael $380,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/04/2021 01/04/21 Sold $475,000 -17.4% $40 / Sq Ft
11/07/2020 11/07/20 Pending -- -- --
09/18/2020 09/18/20 For Sale $575,000 -- $48 / 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 $514 $29,640 $10,000 $19,640
2024 $454 $26,200 $10,000 $16,200
2023 $454 $26,200 $0 $0
2022 $606 $26,200 $10,000 $16,200
2021 $677 $20,880 $6,680 $14,200
2020 $729 $20,880 $6,680 $14,200
2019 $729 $20,880 $6,680 $14,200
2018 $606 $20,880 $6,680 $14,200
2017 $606 $20,880 $6,680 $14,200
2016 $623 $20,000 $6,000 $14,000
2015 $623 $20,000 $6,000 $14,000
2014 $613 $19,680 $6,000 $13,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2190620

Realtracs

APN: 077N-A-007.01

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