$175,000
SOLD JAN 29, 2025

214 Olive St Martin, TN 38237

-- Bed
-- Bath
2,036 Sq Ft
5,009 Sq Ft Lot

Recently Sold

$86 Per Sq Ft

11% Below List Price

57 Days on Market

Highlights

  • City View
  • Central Heating and Cooling System
  • Carpet
  • No HOA

About This Home

As of January 2025

Introducing a fantastic investment opportunity at 214 Olive St in Martin, TN. This well-maintained duplex features two townhouses, both currently rented out, ensuring immediate rental income for the new owner. Located near downtown Martin, this property offers convenience and accessibility to local amenities, shops, and dining. Whether you're an investor looking to expand your portfolio or seeking a property with steady rental income, this duplex is an ideal choice. Don't miss your chance to own a prime piece of real estate in the heart of Martin!

Last Agent to Sell the Property

ASHLEY PINKSTON

Wendell Alexander Realty License #347016 Listed on: 07/03/2024

Last Buyer's Agent

Samuel Freeman

Wendell Alexander Realty License #360146

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1995

Lot Details

  • Lot Dimensions are 50x100

Parking

  • 4 Parking Spaces

Home Design

  • Duplex
  • Brick Exterior Construction
  • Brick Foundation

Interior Spaces

  • 2,036 Sq Ft Home
  • 2-Story Property
  • City Views
  • Electric Oven
  • Washer and Electric Dryer Hookup

Flooring

  • Carpet
  • Laminate
  • Vinyl

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Total Actual Rent $1,650
  • The owner pays for pest control, repairs, taxes
  • Assessor Parcel Number 073L-D-011.00

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • Gross Income $1,650

Property Details

Home Type

Multi-Family

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Year Built: 1995
  • Property Sub-Type: Duplex
  • PropertyType: Residential Income
  • ResoLaundryFeatures: Electric Dryer Hookup, Washer Hookup
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View Type:Pond View: City
  • Total Gross Income: 1650.0
  • Co List Office Phone: 731-281-1220
  • MLS Status: Closed
  • Subdivision Name: None
  • Carport Y N: No
  • Unit Levels: Two
  • Location Tax and Legal Parcel Number2: 073L-D-011.00
  • General Property Information Accessibility Features YN2: No
  • General Property Information Lot Size Dimensions: 50x100
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: No
  • General Property Information:Stories Total: 2
  • General Property Information:Pool Private YN: No
  • Currently Not Used Association YN: No
  • Currently Not Used Cooling YN: Yes
  • General Property Information Carport YN: No
  • Appliances Refrigerators: Yes
  • Flooring:Carpet: Yes
  • Flooring Laminate: Yes
  • Flooring:Vinyl: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Currently Not Used Heating YN: Yes
  • Cooling:Central Air: Yes
  • Levels:Two: Yes
  • General Property Information Spa YN: No
  • General Property Information Auction YN2: No
  • Foundation Details BrickMortar: Yes
  • General Property Information Home Warranty YN: No
  • General Property Information Number Of Units Total2: 2.0
  • General Property Information Number Of Buildings2: 1.0
  • General Property Information Units Furnished: None
  • General Property Information Rent Control YN: Yes
  • View:City3: Yes
  • Unit Details Number Of Units Leased: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Electric Oven, Electric Water Heater, Oven, Refrigerator
  • Private Spa: No
  • Basement YN: No
  • Flooring: Carpet, Laminate, Vinyl
  • Stories: 2
  • ResoLivingAreaSource: Other
  • Appliances:Electric Water Heater: Yes
  • Appliances:Oven: Yes
  • Appliances:Electric Oven: Yes

Exterior Features

  • Pool Private: No
  • View: No
  • Waterfront: No
  • Construction Type: Brick
  • Foundation Details: Brick/Mortar
  • Construction Materials:Brick: Yes

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Parking Features: Asphalt
  • Total Parking Spaces: 4.0
  • General Property Information:Garage YN: No
  • General Property Information:Parking Total: 4.0
  • Parking Features:Asphalt2: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric4: Yes
  • HeatingCooling:Electric: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 073L-D-011.00
  • Lot Dimensions: 50x100

Rental Info

  • Owner Pays: Pest Control, Repairs, Taxes

Multi Family

  • Number Of Units Furnished: None
  • Number Of Units Leased: 2
  • Total Actual Rent: 1650.0

Tax Info

  • Tax Map Number: 073L

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2024
Closed on
Jan 28, 2025
Sold by
Young Family Trust and Young David G
Bought by
Freeman Cattle Company Llc
Seller's Agent
ASHLEY PINKSTON
Wendell Alexander Realty
Buyer's Agent
Samuel Freeman
Wendell Alexander Realty
List Price
$196,000
Sold Price
$175,000
Premium/Discount to List
-$21,000
-10.71%
Views
41
Current Estimated Value
$179,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,478
Avg. Annual Appreciation
3.57%
Original Mortgage
$231,091
Outstanding Balance
$221,439
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
-$41,961

Purchase Details

Closed on
Apr 29, 2005
Bought by
Young David G And Lu Ellen Trustees Family Tr

Purchase Details

Closed on
Sep 15, 2004
Bought by
Sonshine Rentals Llc % Penny Carter

Purchase Details

Closed on
May 31, 1994
Bought by
Milburn Vincent
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $175,000 None Listed On Document
Warranty Deed $175,000 None Listed On Document
Warranty Deed $108,600 --
Warranty Deed $135,000 --
Warranty Deed $36,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $231,091 New Conventional
Closed $231,091 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/29/2025 01/29/25 Sold $175,000 -10.7% $86 / Sq Ft
08/30/2024 08/30/24 Pending -- -- --
07/03/2024 07/03/24 For Sale $196,000 -- $96 / Sq Ft
Source: Central West Tennessee Association of REALTORS®

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 -- $51,560 $1,800 $49,760
2023 $1,556 $51,560 $1,800 $49,760
2022 $1,438 $38,560 $1,440 $37,120
2021 $1,438 $38,560 $1,440 $37,120
2020 $1,438 $38,560 $1,440 $37,120
2019 $1,303 $38,560 $1,440 $37,120
2018 $1,303 $38,560 $1,440 $37,120
2017 $1,260 $34,680 $1,200 $33,480
2016 $1,260 $34,680 $0 $0
2015 $1,259 $34,678 $0 $0
2014 $1,247 $34,349 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central West Tennessee Association of REALTORS®

MLS Number: 245058

Central West Tennessee Association of REALTORS®

APN: 073L-D-011.00