$235,000
SOLD DEC 22, 2023 RENTED MAR 1, 2025

2072 W Lee Hwy Loudon, TN 37774

-- Bed
-- Bath
1,740 Sq Ft
0.34 Acres

Recently Sold

$135 Per Sq Ft

20% Below List Price

84 Days on Market

Highlights

  • Cooling Available
  • Central Heating
  • Carpet

About This Home

As of December 2023

Great investment opportunity on this conveniently located 2 apartment Duplex. Both apartments offer 2 bedrooms and 1 bath. House is being sold as-is. Sellers will not be conducting any repairs. Buyer(s) to verify all MLS information incl. square footage and property lines.Sellers title company to be Southeastern Title and Abstract, in Loudon

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $825

Year Built

  • Built in 1950

Home Design

  • Duplex

Interior Spaces

  • 1,740 Sq Ft Home
  • Property has 3 Levels

Flooring

  • Carpet
  • Laminate

Utilities

  • Cooling Available
  • Central Heating

Community Details

  • 2 Units

Listing and Financial Details

  • Tax Lot 426
  • Assessor Parcel Number 048 07300 000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$825

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1950
  • Inclusions: NOFUR
  • Unit Levels: Three Or More
  • Structure Type: Duplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Building Area Units: Square Feet
  • Living Area: 1740
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup, Electric Dryer Hookup

Lot Info

  • Lot Size: 0.34
  • Lot Size Units: Acres
  • Parcel #: 048 07300 000
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Other

Multi Family

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

Tax Info

  • Tax Annual Amount: 825
  • Tax Lot: 426

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2023
Closed on
Dec 22, 2023
Sold by
Loudon County Farm Bureau
Bought by
George Raymond
List Price
$295,000
Sold Price
$235,000
Premium/Discount to List
-$60,000
-20.34%
Views
51
Current Estimated Value
$221,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,112
Avg. Annual Appreciation
-3.48%
Original Mortgage
$235,000
Outstanding Balance
$232,266
Interest Rate
7.5%
Mortgage Type
New Conventional
Estimated Equity
-$10,378

Purchase Details

Closed on
Mar 14, 2006
Sold by
Keith Bledsoe Gerald
Bought by
Bennett Michael C Trustee

Purchase Details

Closed on
Oct 18, 2005
Sold by
Selvidge John D
Bought by
Keith Bledsoe Gerald

Purchase Details

Closed on
Jan 1, 1981
Bought by
Selvidge John D and Selvidge Lois
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 Type Sale Price Title Company
Warranty Deed $235,000 Southeastern Title
Deed -- --
Deed $31,000 --
Warranty Deed $23,800 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $235,000 New Conventional
Previous Owner $61,811 New Conventional
Previous Owner $75,468 Commercial
Previous Owner $67,200 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2025 03/01/25 Rented $1,500 0.0% --
12/25/2024 12/25/24 For Rent $1,500 0.0% --
12/22/2023 12/22/23 Sold $235,000 -20.3% $135 / Sq Ft
11/10/2023 11/10/23 Pending -- -- --
08/18/2023 08/18/23 For Sale $295,000 -- $170 / 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
2023 $826 $31,525 $0 $0
2022 $826 $31,525 $7,175 $24,350
2021 $826 $31,525 $7,175 $24,350
2020 $663 $31,525 $7,175 $24,350
2019 $663 $21,800 $5,725 $16,075
2018 $650 $21,800 $5,725 $16,075
2017 $650 $21,800 $5,725 $16,075
2016 $619 $20,400 $3,825 $16,575
2015 $619 $20,400 $3,825 $16,575
2014 $619 $20,400 $3,825 $16,575
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2835138

Realtracs

APN: 048-073.00