NOT LISTED FOR SALE

148 W Nelson St Dresden, TN 38225

Estimated Value: $41,000 - $75,000

-- Bed
2 Baths
1,468 Sq Ft
$42/Sq Ft Est. Value

Last Sold April 09, 2021

Last sale price $35,000 $24 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $386/month

1 Day on Market

Highlights

  • Contemporary Architecture
  • Level Lot
  • 1-Story Property
  • Fireplace
  • Carpet

About This Home

As of April 2021

This duplex is an Investor’s dream- one side producing income now. The other side needs remodel with potential of being a 3 bedroom and 2 bath apartment. One water meter second meter can be added for $325 Side B leased until December 2021 Side plumbing has been up graded and some floor joist replaced 24 hour notices needed to show rented side B One fireplace in A side is not usable Buyer is responsible for checking square footage and acreage. Listing agency is not responsible for inaccuracies.

Last Agent to Sell the Property

David Sudberry

TENNESSEE UNITED REAL ESTATE, LLC Brokerage Phone: 731-588-4100 Listed on: 03/10/2021

TENNESSEE UNITED REAL ESTATE, LLC

Last Buyer's Agent

NON AGENT

NON MEMBER

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1929

Lot Details

  • 4,356 Sq Ft Lot
  • Level Lot

Home Design

  • Duplex
  • Contemporary Architecture
  • Composition Roof

Interior Spaces

  • 1,468 Sq Ft Home
  • 1-Story Property
  • Fireplace
  • Crawl Space

Flooring

  • Carpet
  • Vinyl

Utilities

  • Window Unit Cooling System
  • No Heating

Community Details

  • Gross Income $3,600

Listing and Financial Details

  • Rent includes water
  • Assessor Parcel Number 006.00

Property Details

Home Type

Multi-Family

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Exclusions: No
  • Year Built: 1929
  • Property Sub-Type: Duplex
  • PropertyType: Residential Income
  • LotFeatures: Level Lot
  • Lot Size Acres: 0.1
  • Road Surface Type: Paved
  • Total Gross Income: 3600
  • Attribution Contact: MAIN: 731-588-4100
  • Co List Office Phone: 731-588-4100
  • MLS Status: Sold
  • Architectural Style: Contemporary
  • ResoBuildingAreaSource: Tax Record
  • Fireplace Features: One
  • Window Features: Standard No Storm
  • Sign YN: Yes
  • TermiteContract: No
  • RealEstateOwnedYN: No
  • HeatedSquareFootage: 1468
  • WindowTreatments: None
  • TotalSquareFootage: 1468
  • Group: E
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Stories: 1

Exterior Features

  • Roof: Comp/Asphalt
  • Construction Type: Aluminum
  • Foundation Details: Crawl Space

Utilities

  • Sewer: City Sewer
  • Cooling: None, Window Unit(s)
  • Heating: None
  • Water Source: City

Condo/Co-op/Association

  • HOA Rent Includes: Water

Lot Info

  • Parcel Number: 006.00
  • LotLocation: In City Limits

Rental Info

  • Lease Term: 12 Months

Multi Family

  • Number Of Units Total: 1

Tax Info

  • Tax Map Number: 101D

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2021
Closed on
Apr 9, 2021
Sold by
Sheffield Mitch and Sheffield Alicia
Bought by
Smith Cedric
Seller's Agent
David Sudberry
TENNESSEE UNITED REAL ESTATE, LLC
Buyer's Agent
NON AGENT
NON MEMBER
List Price
$37,000
Sold Price
$35,000
Premium/Discount to List
-$2,000
-5.41%
Current Estimated Value
$61,868

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,868
Avg. Annual Appreciation
13.53%
Original Mortgage
$64,716
Outstanding Balance
$58,477
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,391

Purchase Details

Closed on
May 8, 2014
Sold by
Regions Bank
Bought by
Sheffield Mitch and Sheffield Alicia

Purchase Details

Closed on
May 20, 2008
Sold by
Victor Ojeda
Bought by
Victor Ojeda

Purchase Details

Closed on
Apr 19, 2005
Sold by
R & N Enterprises
Bought by
Victor Ojeda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,960
Interest Rate
6.88%
Mortgage Type
Cash

Purchase Details

Closed on
Nov 20, 2002
Sold by
Roger Tibbs
Bought by
R & N Enterprises

Purchase Details

Closed on
Sep 24, 1986
Bought by
Tibbs Roger and Tibbs Mary Lou
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
Smith Cedric $35,000 None Available
Sheffield Mitch $16,500 --
Victor Ojeda -- --
Victor Ojeda $28,700 --
R & N Enterprises $16,000 --
Tibbs Roger $17,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Cedric $64,716
Previous Owner Tibbs Roger $22,960
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2021 04/09/21 Sold $35,000 -5.4% $24 / Sq Ft
03/10/2021 03/10/21 For Sale $37,000 -- $25 / Sq Ft
Source: Reelfoot Regional Association of REALTORS®

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 -- $28,520 $1,400 $27,120
2023 $697 $28,520 $1,400 $27,120
2022 $618 $17,880 $1,400 $16,480
2021 $618 $17,880 $1,400 $16,480
2020 $618 $17,880 $1,400 $16,480
2019 $618 $17,880 $1,400 $16,480
2018 $600 $17,880 $1,400 $16,480
2017 $572 $15,760 $1,400 $14,360
2016 $572 $15,760 $0 $0
2015 $443 $12,200 $0 $0
2014 $443 $12,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Reelfoot Regional Association of REALTORS®

MLS Number: RRA42304

Reelfoot Regional Association of REALTORS®

APN: 101D-E-006.00