NOT LISTED FOR SALE

206 N College St Tullahoma, TN 37388

Estimated Value: $969,794 - $981,000

-- Bed
8 Baths
5,025 Sq Ft
$194/Sq Ft Est. Value

Last Sold February 03, 2020

Last sale price $570,000 $113 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $5,734/month

Highlights

  • Cooling Available
  • Central Heating
  • Property has 1 Level

About This Home

As of February 2020

~ 8 Units - Totally Remodeled ~

Last Agent to Sell the Property

Phil Phillips

Leading Edge Real Estate Group License #272961 Listed on: 02/03/2020

Last Buyer's Agent

Phil Phillips

Leading Edge Real Estate Group License #272961 Listed on: 02/03/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,511

Year Built

  • Built in 1979

Lot Details

  • 0.57 Acre Lot

Parking

  • Gravel Driveway

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 5,025 Sq Ft Home
  • Property has 1 Level
  • Laminate Flooring
  • Fire and Smoke Detector

Schools

  • East Lincoln Elementary School
  • East Middle School
  • Tullahoma High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $2,800
  • Assessor Parcel Number 124F F 00100 000

Community Details

Overview

  • 8 Units

Building Details

  • Operating Expense $7,810
  • Gross Income $67,200
  • Net Operating Income $59,390

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,511

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1979
  • Inclusions: APPLN
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Laminate
  • Above Grade Finished Sq Ft: 5025
  • Building Area Units: Square Feet
  • Living Area: 5025
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Brick
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Alarm

Condo/Co-op/Association

  • Association #2 Fee Frequency: One Time

Lot Info

  • Zoning: Commercial
  • Lot Size Acres: 0.57
  • Lot Size: 100X250 IRR
  • Lot Size Units: Acres
  • Parcel #: 124F F 00100 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Gross Income: 67200
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 59390
  • Number Of Units Total: 8
  • Annual Operating Expense: 7810
  • Total Actual Rent: 2800

Tax Info

  • Tax Annual Amount: 3511

MLS Schools

  • Elementary School: East Lincoln Elementary
  • High School: Tullahoma High School
  • Middle Or Junior School: East Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 3, 2020
Closed on
Jan 31, 2020
Sold by
Moore Joshua
Bought by
R K Houtz Llc
Seller's Agent
Phil Phillips
Leading Edge Real Estate Group
Buyer's Agent
Phil Phillips
Leading Edge Real Estate Group
List Price
$570,000
Sold Price
$570,000
Current Estimated Value
$975,397

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$405,397
Avg. Annual Appreciation
9.81%
Original Mortgage
$427,500
Outstanding Balance
$91,124
Interest Rate
3.7%
Mortgage Type
Commercial
Estimated Equity
$884,273

Purchase Details

Closed on
Jun 24, 2019
Sold by
Totherow James E
Bought by
Moore Joshua

Purchase Details

Closed on
Dec 14, 2018
Sold by
Barbeau Daniel Paul
Bought by
Moore Joshua and Totherow James E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 13, 2010
Sold by
Horsley Don F
Bought by
Vaughn David R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
4.18%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 4, 1998
Sold by
Horsley Don F
Bought by
Horsley Don
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
R K Houtz Llc $570,000 None Available
Moore Joshua -- None Available
Moore Joshua $175,000 Absolute Title & Escrow Serv
Vaughn David R $110,000 --
Horsley Don -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open R K Houtz Llc $427,500
Previous Owner Moore Joshua $240,000
Previous Owner Vaughn David R $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/03/2020 02/03/20 Sold $570,000 0.0% $113 / Sq Ft
02/03/2020 02/03/20 Pending -- -- --
02/03/2020 02/03/20 For Sale $570,000 -- $113 / 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 $7,549 $193,240 $24,000 $169,240
2023 $7,549 $193,240 $0 $0
2022 $7,747 $193,240 $24,000 $169,240
2021 $6,029 $120,280 $6,000 $114,280
2020 $6,029 $120,280 $6,000 $114,280
2019 $3,510 $70,040 $6,000 $64,040
2018 $2,547 $50,800 $6,000 $44,800
2017 $2,977 $54,440 $6,000 $48,440
2016 $2,978 $54,440 $6,000 $48,440
2015 $2,978 $54,440 $6,000 $48,440
2014 $2,977 $54,427 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2119878

Realtracs

APN: 124F-F-001.00