Seller's Agent in 2020
Phil Phillips
Leading Edge Real Estate Group
(931) 205-7445
3 in this area
15 Total Sales
1502 Hillsboro Blvd Unit 3 Manchester, TN 37355
Estimated Value: $314,000 - $448,000
--
Bed
3
Baths
2,643
Sq Ft
$143/Sq Ft
Est. Value
Highlights
- 0.71 Acre Lot
- Cooling Available
- Central Heating
About This Home
As of July 2020Cash Flowing Triplex. Located on a high traffic Main Street in the Heart of Manchester next to a Bank. Property also has a road frontage and access from the back of the property, can be used as a drive through! Property pays for itself and a little more! All 3 units rented - PLEASE do NOT disturb tenants, thank you!
Last Agent to Sell the Property
Leading Edge Real Estate Group License #272961 Listed on: 02/03/2020
Last Buyer's Agent
Leading Edge Real Estate Group License #272961 Listed on: 02/03/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,176
Year Built
- Built in 1926
Lot Details
- 0.71 Acre Lot
Parking
- Gravel Driveway
Home Design
- Stone Siding
Interior Spaces
- 2,643 Sq Ft Home
- Property has 1 Level
- Laminate Flooring
Schools
- Coffee Co Middle School
- Coffee Co Central High School
Utilities
- Cooling Available
- Central Heating
Listing and Financial Details
- Total Actual Rent $1,450
- The owner pays for water
- Assessor Parcel Number 085B E 00200 000
Community Details
Overview
- 3 Units
- L E Summers Subdivision
Building Details
- Operating Expense $5,312
- Gross Income $17,400
- Net Operating Income $12,088
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 3, 2020
Closed on
Jul 28, 2020
Sold by
Hpr Properties Llc
Bought by
Mullins Scott D and Mullins Fara M
Seller's Agent
Phil Phillips
Leading Edge Real Estate Group
Buyer's Agent
Phil Phillips
Leading Edge Real Estate Group
List Price
$199,999
Sold Price
$180,000
Premium/Discount to List
-$19,999
-10%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,166
Avg. Annual Appreciation
14.92%
Original Mortgage
$205,000
Outstanding Balance
$182,185
Interest Rate
3.1%
Mortgage Type
Commercial
Estimated Equity
$194,981
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mullins Scott D | $180,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mullins Scott D | $205,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/28/2020 07/28/20 | Sold | $180,000 | -10.0% | $68 / Sq Ft |
| 07/28/2020 07/28/20 | Pending | -- | -- | -- |
| 02/03/2020 02/03/20 | For Sale | $199,999 | -- | $76 / Sq Ft |
Source: Realtracs
Tax History Compared to Growth
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 | $3,510 | $83,280 | $40,600 | $42,680 |
| 2023 | $3,510 | $83,280 | $0 | $0 |
| 2022 | $3,023 | $83,280 | $40,600 | $42,680 |
| 2021 | $3,114 | $68,000 | $40,600 | $27,400 |
| 2020 | $2,176 | $68,000 | $40,600 | $27,400 |
| 2019 | $2,176 | $47,520 | $40,600 | $6,920 |
| 2018 | $2,176 | $47,520 | $40,600 | $6,920 |
| 2017 | $2,222 | $42,360 | $36,000 | $6,360 |
| 2016 | $2,222 | $42,360 | $36,000 | $6,360 |
| 2015 | $2,222 | $42,360 | $36,000 | $6,360 |
| 2014 | $2,223 | $42,379 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Phil Phillips
Map
Source: Realtracs
MLS Number: 2119819
APN: 085B-E-002.00
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