NOT LISTED FOR SALE

149-151 E Jackson St Gallatin, TN 37066

Estimated Value: $206,000 - $253,000

3 Beds
2 Baths
1,616 Sq Ft
$145/Sq Ft Est. Value

Sale Details

Date Sold: June 9, 2016

Last sale price $76,500 $47 Per Sq Ft

Est. 206% increase in value since last sale

Current estimated payment $1,347 / mo

Highlights

  • Central Heating and Cooling System
  • Carpet
  • Property has 1 Level

About This Home

As of June 2016

Rare opportunity for a good investment property that has good cash flow. Currently rented (one tenant has been there over 5 years). Units are in good condition. Tenants want to stay. Owner has requested no showing until after offer has been accepted.

Last Agent to Sell the Property

Michael Tinsley

Tinsley REALTORS Brokerage Phone: 6153944521 License # 308028 Listed on: 05/05/2016

Last Buyer's Agent

Jacob Adcock

The Adcock Group License #325753

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,083

Year Built

  • Built in 1955

Lot Details

  • 9,583

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 1,616 Sq Ft Home
  • Property has 1 Level

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Schools

  • Benny C. Bills Elementary School
  • Joe Shafer Middle School
  • Gallatin Senior High School

Additional Features

  • Lot Dimensions are 75 x 128
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $1,000
  • Assessor Parcel Number 113K K 02100 000

Community Details

Overview

  • 2 Units
  • Wallace Subdivision

Building Details

  • Operating Expense $1
  • Gross Income $12,000
  • Net Operating Income $11,999

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,083

Year Built

Built in 1955

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1955
  • Inclusions: NOFUR
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Total Bedrooms: 3
  • Above Grade Finished Sq Ft: 1616
  • Building Area Units: Square Feet
  • Living Area: 1616
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Vinyl Siding
  • Pool Private: No
  • 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: Electric, Central
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available, Sewer Available

Lot Info

  • Zoning: Commercial
  • Lot Size: 75 X 128
  • Lot Size Units: Acres
  • Parcel #: 113K K 02100 000
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 12000
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 11999
  • Number Of Units Total: 2
  • Annual Operating Expense: 1
  • Total Actual Rent: 1000

Tax Info

  • Tax Annual Amount: 1083

MLS Schools

  • Elementary School: Benny C. Bills Elementary School
  • High School: Gallatin Senior High School
  • Middle Or Junior School: Joe Shafer Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2018
Sold by
Hd Investments
Bought by
Doshi Minakshi
Current Estimated Value
$234,094

Purchase Details

Listed on
May 5, 2016
Closed on
Jun 9, 2016
Sold by
Kent Joshua R
Bought by
Hd Investments
Seller's Agent
Michael Tinsley
Tinsley REALTORS
Buyer's Agent
Jacob Adcock
The Adcock Group
List Price
$190,000
Sold Price
$76,500
Premium/Discount to List
-$113,500
-59.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.00%

Purchase Details

Closed on
Oct 10, 2006
Sold by
Cobb Jeffery A
Bought by
Kent Joshua R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,900
Interest Rate
8.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 16, 2005
Sold by
Carson Carlisle Donald and Carson Miriam L
Bought by
Cobb Jeffery A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 21, 2002
Sold by
Carman Michael and Carman Kristi
Bought by
Carson Carlisle Donald and Glover Miriam L

Purchase Details

Closed on
Mar 23, 2001
Sold by
Wright Leo J and Wright Dorothy E
Bought by
Carman Michael and Carman Kristi

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.02%

Purchase Details

Closed on
Jan 30, 2001
Sold by
Hinkle Janet
Bought by
Wright Leo J and Wright Dorothy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
7.02%

Purchase Details

Closed on
Oct 5, 2000
Sold by
Citizens Bank
Bought by
Hinkle Janet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,929
Interest Rate
7.96%

Purchase Details

Closed on
Jan 20, 2000
Sold by
Craig Cooley
Bought by
Citizens Bank
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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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
Doshi Minakshi $110,000 Tennessee Title Services Llc
Hd Investments $76,500 Tennessee Title Services
Kent Joshua R $84,900 None Available
Cobb Jeffery A $75,000 --
Carson Carlisle Donald $70,000 --
Carman Michael $80,000 --
Wright Leo J $81,000 --
Hinkle Janet $40,000 --
Citizens Bank $38,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kent Joshua R $84,900
Previous Owner Cobb Jeffery A $67,500
Previous Owner Carman Michael $80,000
Previous Owner Wright Leo J $64,800
Previous Owner Hinkle Janet $40,929
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2018 10/12/18 Pending -- -- --
09/25/2018 09/25/18 For Sale $190,000 +148.4% $118 / Sq Ft
06/09/2016 06/09/16 Sold $76,500 -- $47 / 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 $1,269 $89,280 $28,000 $61,280
2023 $1,351 $44,280 $18,560 $25,720
2022 $1,356 $44,280 $18,560 $25,720
2021 $1,356 $44,280 $18,560 $25,720
2020 $1,356 $44,280 $18,560 $25,720
2019 $1,356 $0 $0 $0
2018 $1,083 $0 $0 $0
2017 $1,083 $0 $0 $0
2016 $776 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 1726967

Realtracs

APN: 113K-K-021.00

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