NOT LISTED FOR SALE

2607 Henderson Ave NW Cleveland, TN 37312

Estimated Value: $379,000 - $395,000

-- Bed
5 Baths
4,069 Sq Ft
$95/Sq Ft Est. Value

Last Sold August 30, 2023

Last sale price $369,900 $91 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,093/month

1 Day on Market

Highlights

  • Wood Flooring
  • Patio
  • Storage
  • No HOA
  • Laundry Room
  • Central Heating and Cooling System

About This Home

As of August 2023

Great investment opportunity for rental income. Rent out 4 units or live in one apartment and rent out the rest. Income producing 4 units - all currently rented. Current rents and lease information: Unit #1 rents $1250, month-to-month, #2 $625 leased until 12/31/23, #3 $675, month-to-month, #4 $825, month-to-month. #1 unit has Dishwasher, Fridge, Range with separate dining, 3 Bed/2 Bath and laundry room. Large living room with gas fireplace. 2 spot attached carport. Lots of closets. (1595 sq. ft. Unit); #2 and #3 Units have exterior entrance that leads to a shared hall with laundry. #2 unit has fridge and range. 1 Bed/1 Bath unit. (550 sq ft unit).; Unit #3 has kitchen with stove/fridge/dishwasher. 2 Bed/1 Bath. 2nd bedroom could be used as a large bonus area, has stairs leading to exterior. (1013 sq ft unit).; Unit #4 is Basement unit with 1 Bedroom/living area, 1 bath with 2 bonus rooms. Eat-in kitchen. (1087 sq ft. unit). Units #2 and #3 also have carport. Unit #4 has attached carport. Property has detached carport with 3 spots and 1 garage spot. Total square footage of 4069. Unit #4 has access to storage room.

Last Agent to Sell the Property

Betty Hiefnar-Messer

EXIT Provision Realty License #13879 Listed on: 07/13/2023

Co-Listed By

Dennis Opp

EXIT Provision Realty License #320959

Last Buyer's Agent

Dennis Opp

EXIT Provision Realty License #320959

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,671

Year Built

  • Built in 1979

Lot Details

  • 0.51

Parking

  • 1 Car Garage
  • Carport

Home Design

  • Slab Foundation
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 5 Full Bathrooms
  • 4,069 Sq Ft Home
  • 3-Story Property
  • Storage
  • Laundry Room
  • Finished Basement

Kitchen

  • Electric Range
  • Range Hood
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile
  • Luxury Vinyl Tile
  • Vinyl

Schools

  • Ross-Yates Elementary School
  • Cleveland Middle School
  • Cleveland High School

Additional Features

  • Patio
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 4 Units
  • Mcclary Subdivision

Listing and Financial Details

  • The owner pays for common area maintenance, exterior maintenance, taxes
  • Assessor Parcel Number 041m F 008.00 000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,671

Year Built

Built in 1979

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Horses: No
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: 398
  • Co List Office Phone: 423-472-9200
  • Subdivision Name: McClary
  • Directions: From 25th and Keith Street Intersection, Head southeast on 25th St NW , Turn left onto Henderson Ave NW. Property will be on the left.
  • Above Grade Finished Sq Ft: 2982.0
  • Architectural Style: Other
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: Three Or More, Multi/Split
  • New Construction: No
  • Structure Type: Quadruplex, Multi Family
  • Year Built: 1979
  • General Property Information:Living Area2: 4069.0
  • Appliances Refrigerators: Yes
  • Percent Basement Finished: Yes
  • Special Features: None

Interior Features

  • Basement: Finished
  • Appliances: Dishwasher, Electric Range, Range Hood, Refrigerator
  • Interior Amenities: Storage
  • Spa Features: None
  • Basement YN: Yes
  • Full Bathrooms: 5
  • Below Grade Sq Ft: 1087.0
  • Flooring: Carpet, Hardwood, Laminate, Luxury Vinyl, Tile, Vinyl
  • Living Area: 4069.0
  • ResoLivingAreaSource: PublicRecords
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Community Features:None3: Yes
  • Interior Features:Storage2: Yes
  • Appliances:Range Hood: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: None
  • Exterior Features: See Remarks
  • Pool Features: None
  • View: No
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Patio
  • Property Condition: Functional
  • Lot Features:None27: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Patio: Yes
  • Exterior Features:See Remarks23: Yes

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Asphalt
  • General Property Information:Garage Spaces: 1.0
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: No
  • Parking Features:Asphalt: Yes

Utilities

  • Heating: Central, Electric
  • Cooling: Central Air, Electric
  • Sewer: Public Sewer
  • Laundry Features: Laundry Room, Common Area
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Water Connected, Sewer Connected, Electricity Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Ross-Yates
  • High School: Cleveland
  • Middle Or Junior School: Cleveland

Lot Info

  • Current Use: Multi-Family
  • Additional Parcels: No
  • Parcel #: 041m F 008.00 000

Rental Info

  • Owner Pays: Common Area Maintenance, Exterior Maintenance, Taxes
  • Tenant Pays: See Remarks

Multi Family

  • Number Of Units Total: 4
  • Number Of Units Leased: 4

Tax Info

  • Tax Annual Amount: 1670.67
  • Tax Book Number: 2496

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2023
Closed on
Aug 29, 2023
Sold by
Twd Enterprises Llc
Bought by
Torres Frankie
Seller's Agent
Betty Hiefnar-Messer
EXIT Provision Realty
Buyer's Agent
Dennis Opp
EXIT Provision Realty
List Price
$369,900
Sold Price
$369,900
Views
85
Current Estimated Value
$386,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,092
Avg. Annual Appreciation
2.00%
Original Mortgage
$356,475
Outstanding Balance
$347,602
Interest Rate
6.78%
Mortgage Type
VA
Estimated Equity
$39,390

Purchase Details

Listed on
Sep 8, 2017
Closed on
Jan 3, 2018
Sold by
Crossland Rebecca J
Bought by
Twd Enterpriese Llc
Seller's Agent
Markietta Munck
RE/MAX Experience
Buyer's Agent
Comps Only
COMPS ONLY
List Price
$199,900
Sold Price
$197,000
Premium/Discount to List
-$2,900
-1.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.77%
Original Mortgage
$145,125
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 21, 2017
Sold by
Crossland James R
Bought by
Crossland Rebecca J

Purchase Details

Closed on
Aug 17, 2005
Sold by
Hartline Robert N
Bought by
Crossland James 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
5.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 12, 2005
Sold by
Hartline Robert N
Bought by
Crossland James 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
5.61%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Torres Frankie $369,900 Equi Title
Twd Enterpriese Llc $193,500 None Available
Crossland Rebecca J -- Radian Title Llc
Crossland James R $145,000 --
Crossland James R $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torres Frankie $356,475
Previous Owner Twd Enterpriese Llc $145,125
Previous Owner Crossland James R $100,000
Previous Owner Crossland James R $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/30/2023 08/30/23 Sold $369,900 0.0% $91 / Sq Ft
07/15/2023 07/15/23 Pending -- -- --
07/13/2023 07/13/23 For Sale $369,900 +87.8% $91 / Sq Ft
01/03/2018 01/03/18 Sold $197,000 -1.5% $54 / Sq Ft View Prior Sale
11/21/2017 11/21/17 Pending -- -- --
09/08/2017 09/08/17 For Sale $199,900 -- $55 / Sq Ft
Source: River Counties 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
2025 $763 $157,760 $11,480 $146,280
2024 $763 $53,000 $8,280 $44,720
2023 $1,671 $53,000 $8,280 $44,720
2022 $1,671 $53,000 $8,280 $44,720
2021 $1,671 $53,000 $0 $0
2020 $2,391 $53,000 $0 $0
2019 $2,391 $62,240 $0 $0
2018 $2,564 $0 $0 $0
2017 $1,282 $0 $0 $0
2016 $2,056 $0 $0 $0
2015 $2,056 $0 $0 $0
2014 $1,057 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: River Counties Association of REALTORS®

MLS Number: 20236266

River Counties Association of REALTORS®

APN: 041M-F-008.00