18 Michigan Ln Dunlap, TN 37327
Estimated Value: $729,000 - $799,000
Highlights
- No HOA
- Central Heating
- Property has 3 Levels
- Cooling Available
About This Home
As of June 2023Welcome 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
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Purchase Details
Purchase Details
Purchase Details
Purchase Details
Purchase Details
Purchase Details
Home Values in the Area
Average Home Value in this Area
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 | -- | -- |
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Fuentes Jose Carlos | $470,330 |
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 |
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 | $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 |
Map
Source: Realtracs
MLS Number: 2714622
APN: 054F-A-002.00
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