NOT LISTED FOR SALE

181 Cedar Grove Rd Shelbyville, TN 37160

Estimated Value: $154,764 - $285,000

-- Bed
2 Baths
1,562 Sq Ft
$144/Sq Ft Est. Value

Last Sold November 26, 2021

Last sale price $150,000 $96 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $1,308/month

72 Days on Market

About This Home

As of November 2021

Great investment opportunity. Well established revenue generating duplex

Last Agent to Sell the Property

Christopher Phillips

Keller Williams Realty Nashville/Franklin License #303003 Listed on: 08/25/2021

Keller Williams Realty Nashville/Franklin

Last Buyer's Agent

George Weeks

Team George Weeks Real Estate, LLC License #301274

Property Details

Home Type

Multi-Family

Year Built

1939

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • PropertyUnitTypes: {"UnitTypeActualRent":550,"UnitTypeType":"Unit 1","UnitTypeBathsTotal":1,"UnitTypeBedsTotal":2,"UnitTypeKey":"RTC2612943Group_1"}, {"UnitTypeActualRent":550,"UnitTypeType":"Unit 2","UnitTypeBathsTotal":1,"UnitTypeBedsTotal":2,"UnitTypeKey":"RTC2612943Group_2"}
  • Above Grade Finished Sq Ft: 1562
  • Carport Y N: No
  • Directions: In Shelbyville take Cannon Blvd, turn on West Jackson Street (Just after Burger King). Turn right on Cedar Grove Road.
  • Garage Yn: No
  • Inclusions: APPLN
  • Lot Size: 129 X122 IRR
  • New Construction: No
  • Property Attached Yn: No
  • Building Stories: 1
  • Subdivision Name: River Oaks
  • Year Built Details: EXIST
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1
  • Year Built: 1939

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Laminate

Exterior Features

  • Roof: Asphalt
  • Construction Type: Aluminum Siding
  • Pool Private: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No

Utilities

  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Middle Or Junior School: Cascade Middle School

Lot Info

  • Zoning: Commercial

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Above Grade Finished Area Units: Square Feet
  • Annual Gross Income: 13200
  • Property Net Operating Income: 11283
  • Number Of Units Total: 2
  • Annual Operating Expense: 1917
  • Total Actual Rent: 1100

Tax Info

  • Tax Annual Amount: 778

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2021
Closed on
Nov 23, 2021
Sold by
Frazier Gabriel
Bought by
Ingram Thomas and Ingram Naiomi
Seller's Agent
Christopher Phillips
Keller Williams Realty Nashville/Franklin
Buyer's Agent
George Weeks
Team George Weeks Real Estate, LLC
Sold Price
$150,000
Current Estimated Value
$224,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,255
Avg. Annual Appreciation
10.60%
Original Mortgage
$112,500
Outstanding Balance
$103,173
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$121,082

Purchase Details

Closed on
Nov 16, 2005
Sold by
Whitfield Ralph
Bought by
Frazier Gabriel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,950
Interest Rate
6%

Purchase Details

Closed on
Apr 12, 2004
Sold by
Federal National Mortgage Association
Bought by
Whitfield Ralph

Purchase Details

Closed on
Oct 16, 2001
Sold by
Farrar James E and Farrar Patti
Bought by
Lawson John A and Lawson Donna

Purchase Details

Closed on
Dec 31, 1991
Bought by
Farrar James E

Purchase Details

Closed on
Apr 3, 1990
Bought by
Farrar James E and Farrar Patti

Purchase Details

Closed on
Sep 19, 1985
Bought by
Burke Kathleen A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ingram Thomas $150,000 Gateway Title Services Llc
Frazier Gabriel $53,310 --
Whitfield Ralph $18,500 --
Lawson John A $58,000 --
Farrar James E -- --
Farrar James E -- --
Burke Kathleen A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ingram Thomas $112,500
Previous Owner Burke Kathleen A $47,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/26/2021 11/26/21 Sold $150,000 0.0% $96 / Sq Ft
11/04/2021 11/04/21 Pending -- -- --
10/31/2021 10/31/21 Off Market $150,000 -- --
09/09/2021 09/09/21 For Sale -- -- --
09/07/2021 09/07/21 Off Market $150,000 -- --
09/02/2021 09/02/21 For Sale -- -- --
08/31/2021 08/31/21 Pending -- -- --
08/26/2021 08/26/21 For Sale -- -- --
08/25/2021 08/25/21 For Sale -- -- --
08/24/2021 08/24/21 For Sale $150,000 -- $96 / 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
2025 -- $39,200 $0 $0
2024 -- $39,200 $4,800 $34,400
2023 $1,491 $39,200 $4,800 $34,400
2022 $1,534 $39,200 $4,800 $34,400
2021 $1,393 $39,200 $4,800 $34,400
2020 $778 $39,200 $4,800 $34,400
2019 $778 $17,560 $3,200 $14,360
2018 $761 $17,560 $3,200 $14,360
2017 $761 $17,560 $3,200 $14,360
2016 $753 $17,560 $3,200 $14,360
2015 $753 $17,560 $3,200 $14,360
2014 $664 $16,944 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2285134

Realtracs

APN: 088F-B-010.00