NOT LISTED FOR SALE

18 Michigan Ln Dunlap, TN 37327

Estimated Value: $729,000 - $799,000

-- Bed
-- Bath
5,460 Sq Ft
$139/Sq Ft Est. Value

Last Sold June 15, 2023

Last sale price $671,900 $123 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $4,587/month

16 Days on Market

Highlights

  • No HOA
  • Central Heating
  • Property has 3 Levels
  • Cooling Available

About This Home

As of June 2023

Welcome to Magnolia Flats, a stunning brand new community of luxury townhomes that offer a perfect combination of location and value. Only 7 minutes away from downtown Dunlap, where you can find a wide range of shopping, restaurants, social activities, and more. In addition, Walmart Supercenter is only 10 minutes away. Upon arriving, you'll notice the great curb appeal of the property with a large covered front porch. As soon as you step inside, you'll be welcomed by a large open floor plan and 9-foot ceilings, which are fitted with luxury vinyl plank floors throughout. The kitchen is the heart of the home, featuring tons of cabinets, granite countertops, and an elegant peninsula with bar top seating. Down the hall, you'll find two guest rooms and a stunning master bedroom with access to the backyard patio, full ensuite, and walk-in closet. Outback, you'll have a nice concrete grilling patio to enjoy, and end units also have side patios. Each unit has its own yard, adding to the value and convenience of the property. The pictures simply do not do this property justice – you must see it in person to fully appreciate its beauty and attention to detail. Don't miss this opportunity, as it is sure to go fast. Be sure to schedule a private showing today! If you're an investor, these townhomes have a gross rent of $5875/mo, making it an excellent opportunity for those looking to invest in real estate. Currently, all units are fully occupied with one-year leases expiring in November 2023.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,940

Year Built

  • Built in 2022

Lot Details

  • Lot Dimensions are 122x150x148x148

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Stone Siding

Interior Spaces

  • 5,460 Sq Ft Home
  • Property has 3 Levels

Schools

  • Griffith Elementary School
  • Sequatchie Co Middle School
  • Sequatchie Co High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 054F A 00200 000

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Chapman Subdivision

Building Details

  • Gross Income $70,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,940

Year Built

Built in 2022

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2022
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Structure Type: Quadruplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Special Features: NewHome
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Building Area Units: Square Feet
  • Living Area: 5460
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Stone, Other, Brick
  • Pool Private: No
  • Roof: Other
  • View: No
  • Waterfront: No

Garage/Parking

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

Utilities

  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 122X150X148X148
  • Lot Size Units: Acres
  • Parcel #: 054F A 00200 000
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 70500
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 74

MLS Schools

  • Elementary School: Griffith Elementary
  • High School: Sequatchie Co High School
  • Middle Or Junior School: Sequatchie Co Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2023
Closed on
Jun 16, 2023
Sold by
Magnolia Flats Llc
Bought by
Fuentes Jose Carlos and De Lara Blanca
List Price
$669,900
Sold Price
$671,900
Premium/Discount to List
$2,000
0.3%
Current Estimated Value
$758,450

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,550
Avg. Annual Appreciation
5.29%
Original Mortgage
$470,330
Outstanding Balance
$457,753
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$300,697

Purchase Details

Closed on
Jun 16, 2021
Sold by
Whitetail Real Estate Investments Llc
Bought by
Magnolia Flats Llc

Purchase Details

Closed on
Apr 16, 2021
Sold by
Chapman Thomas L and Chapman Karen E
Bought by
Whitetail Real Estate Investments Llc

Purchase Details

Closed on
Dec 23, 2011
Sold by
T Chapman Construction Inc
Bought by
Chapman Thomas L and Wife Karen E

Purchase Details

Closed on
Aug 24, 2009
Bought by
T Chapman Construction Inc

Purchase Details

Closed on
Nov 17, 2005
Bought by
Englewood Property Holding Llc

Purchase Details

Closed on
Jun 30, 2003

Purchase Details

Closed on
May 28, 2002
Bought by
Wife Lofty W and Wife Hazel % Winborn B Willingham

Purchase Details

Closed on
Apr 9, 1991
Bought by
L M W Contractor Inc
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
Fuentes Jose Carlos $671,900 None Listed On Document
Magnolia Flats Llc -- None Available
Whitetail Real Estate Investments Llc $70,000 None Available
Chapman Thomas L -- --
T Chapman Construction Inc -- --
Englewood Property Holding Llc $102,800 --
-- -- --
Wife Lofty W $50,000 --
L M W Contractor Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fuentes Jose Carlos $470,330
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/15/2023 06/15/23 Sold $671,900 +0.3% $123 / Sq Ft
04/29/2023 04/29/23 Pending -- -- --
04/13/2023 04/13/23 For Sale $669,900 -- $123 / Sq Ft
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 $6,940 $307,000 $10,000 $297,000
2023 $6,940 $307,000 $10,000 $297,000
2022 $148 $4,450 $2,275 $2,175
2021 $146 $4,450 $2,275 $2,175
2020 $75 $2,275 $2,275 $0
2019 $75 $2,275 $2,275 $0
2018 $74 $2,275 $2,275 $0
2017 $73 $2,275 $2,275 $0
2016 $75 $2,275 $2,275 $0
2015 $76 $2,275 $2,275 $0
2014 $76 $2,275 $2,275 $0
Source: Public Records

Map

Source: Realtracs

MLS Number: 2714622

Realtracs

APN: 054F-A-002.00