NOT LISTED FOR SALE

2607 Douglas St Springfield, TN 37172

Estimated Value: $361,000 - $455,000

Studio
4 Baths
2,813 Sq Ft
$145/Sq Ft Est. Value

Last Sold April 07, 2017

Last sale price $175,000 $62 Per Sq Ft

Est. 133% increase in value since last sale

Current estimated payment $2,523/month

56 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Property has 1 Level
  • Central Heating

About This Home

As of April 2017

All three units are currently rented. 2 bedroom 1 bathroom in each unit. Appliances remain. Open floor plan, and each unit has utility hook up. Nice patios out back of each unit.

Last Agent to Sell the Property

Martie Burnett

EXP Realty License # 295804 Listed on: 11/29/2016

EXP Realty

Last Buyer's Agent

Barry Brewer

Reliant Realty ERA Powered License #320237

Reliant Realty ERA Powered

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,416

Year Built

  • Built in 1995

Lot Details

  • 0.5

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2,813 Sq Ft Home
  • Property has 1 Level

Flooring

  • Carpet
  • Vinyl

Schools

  • Crestview Elementary School
  • Springfield Middle School
  • Springfield High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $1,975
  • Assessor Parcel Number 074091L A 04000 000091L

Community Details

Overview

  • 3 Units
  • Shannondale Replat Subdivision

Building Details

  • Operating Expense $3,800
  • Gross Income $24,600
  • Net Operating Income $20,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,416

Year Built

Built in 1995

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1995
  • Inclusions: APPLN
  • Unit Levels: One
  • New Construction: No
  • 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: Carpet, Vinyl
  • Above Grade Finished Sq Ft: 2813
  • Building Area Units: Square Feet
  • Living Area: 2813
  • 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

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Individual

Condo/Co-op/Association

  • Association #2 Fee Frequency: One Time

Lot Info

  • Zoning: R10
  • Lot Size: 150.94X144.79 IRR
  • Lot Size Units: Acres
  • Parcel #: 074091L A 04000 000091L
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Gross Income: 24600
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 20800
  • Number Of Units Total: 3
  • Annual Operating Expense: 3800
  • Total Actual Rent: 1975

Tax Info

  • Tax Annual Amount: 3416

MLS Schools

  • Elementary School: Crestview Elementary
  • High School: Springfield High School
  • Middle Or Junior School: Springfield Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2016
Closed on
Mar 30, 2017
Sold by
Burnett Louis C and Burnett Deborah A W
Bought by
Brewer Holding Llc
Seller's Agent
Martie Burnett
EXP Realty
Buyer's Agent
Barry Brewer
Reliant Realty ERA Powered
List Price
$215,000
Sold Price
$175,000
Premium/Discount to List
-$40,000
-18.6%
Current Estimated Value
$407,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,487
Avg. Annual Appreciation
10.07%
Original Mortgage
$366,486
Outstanding Balance
$182,407
Interest Rate
4.1%
Mortgage Type
Commercial
Estimated Equity
$225,080

Purchase Details

Closed on
May 20, 2010
Bought by
Burnett Louis C and Burnett Deborah A W

Purchase Details

Closed on
Nov 18, 1999
Sold by
Fox Russell S
Bought by
Burnett Louis C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$124,000
Interest Rate
8%

Purchase Details

Closed on
Dec 27, 1995
Bought by
Wagoner Craig S
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
Brewer Holding Llc $300,000 Warranty Title Ins Co Inc
Burnett Louis C -- --
Burnett Louis C $155,000 --
Wagoner Craig S $82,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brewer Holding Llc $366,486
Previous Owner Wagoner Craig S $124,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2017 04/07/17 Sold $175,000 -18.6% $62 / Sq Ft
01/24/2017 01/24/17 Pending -- -- --
11/29/2016 11/29/16 For Sale $215,000 -- $76 / 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 -- $153,320 $46,800 $106,520
2024 -- $153,320 $46,800 $106,520
2023 $3,841 $153,320 $46,800 $106,520
2022 $3,039 $83,320 $14,200 $69,120
2021 $3,039 $83,320 $14,200 $69,120
2020 $3,039 $83,320 $14,200 $69,120
2019 $91,446 $83,320 $14,200 $69,120
2018 $3,039 $83,320 $14,200 $69,120
2017 $3,416 $79,720 $12,800 $66,920
2016 $3,416 $79,720 $12,800 $66,920
2015 $3,316 $79,720 $12,800 $66,920
2014 $3,316 $79,720 $12,800 $66,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 1783916

Realtracs

APN: 091L-A-040.00