NOT LISTED FOR SALE

202 Grace Ave Unit 201 Rockvale, TN 37153

Estimated Value: $503,000 - $540,000

Studio
-- Bath
2,624 Sq Ft
$200/Sq Ft Est. Value

Last Sold October 01, 2024

Last sale price $535,000 $204 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,881/month

13 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Carpet
  • Rockvale Elementary School Rated A-
  • 2 Car Garage

About This Home

As of October 2024

This duplex is in great condition and move in ready! Great opportunity to start your investment portfolio! Home is on large corner lot with a fenced in back yard and NEW 28x30 massive 2 car garage. Rent out both sides, or live in one & rent the other...Your Choice! The bigger unit has 3 bedrooms & 2.5 baths. The smaller unit has 1 bedroom/1 bath. All kitchen appliances remain in both units. Separate entrances, driveways, and private patios. Close to town, but no city taxes. Great opportunity in a great location!

Last Agent to Sell the Property

Brittany Benson

Compass Brokerage Phone: 6152894150 License #342728 Listed on: 08/14/2024

Compass

Last Buyer's Agent

Rachel Watson

Benchmark Realty, LLC License # 365963

Benchmark Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,704

Year Built

  • Built in 2006

Lot Details

  • 0.68

Parking

  • 2 Car Garage
  • 4 Open Parking Spaces

Home Design

  • Duplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,624 Sq Ft Home
  • Property has 1 Level
  • Washer and Electric Dryer Hookup

Flooring

  • Carpet
  • Laminate

Schools

  • Rockvale Elementary School
  • Rockvale Middle School
  • Rockvale High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association
  • 2 Units
  • Oakdale Acres Subdivision

Listing and Financial Details

  • Total Actual Rent $3,600
  • Assessor Parcel Number 100B A 02400 R0059762

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,704

Year Built

Built in 2006

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2006
  • Inclusions: APPLN
  • Unit Levels: One
  • Structure Type: Duplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Above Grade Finished Sq Ft: 2624
  • Building Area Units: Square Feet
  • Living Area: 2624
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Vinyl Siding
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking Spaces: 4
  • Parking Features: Attached - Side
  • Total Parking Spaces: 6

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Individual, Electric Dryer Hookup, Washer Hookup
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: R
  • Lot Size: 130 X 225 IRR
  • Lot Size Units: Acres
  • Parcel #: 100B A 02400 R0059762
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 2
  • Total Actual Rent: 3600

Tax Info

  • Tax Annual Amount: 1704

MLS Schools

  • Elementary School: Rockvale Elementary
  • High School: Rockvale High School
  • Middle Or Junior School: Rockvale Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2024
Closed on
Sep 30, 2024
Sold by
Harris Jerry Keith and Harris Deborah
Bought by
Sims Eddie Ramoan
Seller's Agent
Brittany Benson
Compass
Buyer's Agent
Rachel Watson
Benchmark Realty, LLC
List Price
$550,000
Sold Price
$535,000
Premium/Discount to List
-$15,000
-2.73%
Views
20
Current Estimated Value
$524,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,903
Avg. Annual Appreciation
-1.58%
Original Mortgage
$535,000
Outstanding Balance
$529,523
Interest Rate
6.49%
Mortgage Type
VA
Estimated Equity
-$5,426

Purchase Details

Listed on
Nov 18, 2020
Closed on
Mar 10, 2021
Sold by
Grace Joy Properties Llc
Bought by
Harris Jerry Keith and Harris Deborah
Seller's Agent
David Estes
Benchmark Realty, LLC
Buyer's Agent
Brittany Benson
Compass
List Price
$347,500
Sold Price
$347,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.89%
Original Mortgage
$167,500
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 13, 2009
Sold by
Gibbs Forrest B
Bought by
Grace Joy Properties Llc

Purchase Details

Closed on
Sep 15, 2006
Sold by
Warrick Jerry R
Bought by
Gibbs Forrest B and Gibbs Eunice L

Purchase Details

Closed on
Mar 23, 2006
Sold by
Wright Mark T
Bought by
Warrick Jerry R

Purchase Details

Closed on
Aug 9, 1996
Sold by
Joe Sadler
Bought by
Wright and Amanda
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
Sims Eddie Ramoan $535,000 None Listed On Document
Harris Jerry Keith $347,500 Greenvue T&E Llc
Grace Joy Properties Llc -- --
Gibbs Forrest B $203,500 --
Gibbs Forrest B $203,500 --
Warrick Jerry R $56,500 --
Wright $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sims Eddie Ramoan $535,000
Previous Owner Harris Jerry Keith $167,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/01/2024 10/01/24 Sold $535,000 -2.7% $204 / Sq Ft
08/28/2024 08/28/24 Pending -- -- --
08/14/2024 08/14/24 For Sale $550,000 +58.3% $210 / Sq Ft
03/10/2021 03/10/21 Sold $347,500 0.0% $140 / Sq Ft View Prior Sale
02/06/2021 02/06/21 Pending -- -- --
11/18/2020 11/18/20 For Sale $347,500 -- $140 / 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 $1,693 $90,225 $12,500 $77,725
2024 $1,693 $90,225 $12,500 $77,725
2023 $1,704 $90,825 $12,500 $78,325
2022 $1,468 $90,825 $12,500 $78,325
2021 $2,105 $94,840 $16,000 $78,840
2020 $2,105 $94,840 $16,000 $78,840
2019 $2,105 $94,840 $16,000 $78,840
2018 $1,991 $94,840 $0 $0
2017 $1,990 $74,240 $0 $0
2016 $1,990 $74,240 $0 $0
2015 $1,990 $74,240 $0 $0
2014 $1,846 $74,240 $0 $0
2013 -- $69,360 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2689123

Realtracs

APN: 100B-A-024.00-000