NOT LISTED FOR SALE

276 Gentry Rd Manchester, TN 37355

Estimated Value: $451,000 - $577,000

8 Beds
8 Baths
2,390 Sq Ft
$212/Sq Ft Est. Value

Last Sold May 04, 2021

Last sale price $380,000 $159 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $2,959/month

4 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Property has 1 Level
  • 2 Car Attached Garage
  • Central Heating and Cooling System

About This Home

As of May 2021

Investors!! Great location. Easy access to I-24, located just outside city limits. Two duplexes and an extra lot. Selling all as one parcel. How about living in one unit and letting the other three pay your mortgage? Two of the units have single car attached garages.

Last Agent to Sell the Property

Larry Lockhart

Leading Edge Real Estate Group Brokerage Phone: 9318009977 License #337806 Listed on: 02/19/2021

Co-Listed By

Torrey Perry

Peck Realty Group, LLC Brokerage Phone: 9318009977 License #295121

Last Buyer's Agent

Barbara McGee

Crye-Leike, Inc., REALTORS License # 263885

Crye-Leike, Inc., REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,397

Year Built

  • Built in 1996

Lot Details

  • 3.5 Acre Lot

Parking

  • 2 Car Attached Garage
  • 4 Open Parking Spaces
  • Gravel Driveway

Home Design

  • Duplex
  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • 2,390 Sq Ft Home
  • Property has 1 Level

Flooring

  • Carpet
  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Schools

  • New Union Elementary School
  • Coffee County Middle School
  • Coffee County Central High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $2,600
  • Assessor Parcel Number 058 01100 000

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Operating Expense $3,000
  • Gross Income $31,200
  • Net Operating Income $28,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,397

Year Built

Built in 1996

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1996
  • Inclusions: NOFUR
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Laminate, Tile, Vinyl
  • Total Bedrooms: 8
  • Above Grade Finished Sq Ft: 2390
  • Building Area Units: Square Feet
  • Living Area: 2390
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

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

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking Spaces: 4
  • Parking Features: Attached, Gravel
  • Total Parking Spaces: 6

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Electric, Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas, Central
  • Heating Yn: Yes
  • Laundry Features: Individual
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: Commercial
  • Lot Size Acres: 3.5
  • Lot Size Units: Acres
  • Parcel #: 058 01100 000
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 31200
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 28200
  • Number Of Units Total: 4
  • Annual Operating Expense: 3000
  • Total Actual Rent: 2600

Tax Info

  • Tax Annual Amount: 3397

MLS Schools

  • Elementary School: New Union Elementary
  • High School: Coffee County Central High School
  • Middle Or Junior School: Coffee County Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2021
Closed on
May 4, 2021
Sold by
Donnelly Trust and Donnelly Nathan M
Bought by
Mcgee Jordan
Seller's Agent
Larry Lockhart
Leading Edge Real Estate Group
Buyer's Agent
Barbara McGee
Crye-Leike, Inc., REALTORS
List Price
$375,000
Sold Price
$380,000
Premium/Discount to List
$5,000
1.33%
Current Estimated Value
$507,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,165
Avg. Annual Appreciation
6.56%
Original Mortgage
$285,000
Outstanding Balance
$257,731
Interest Rate
3.1%
Mortgage Type
Stand Alone Second
Estimated Equity
$249,434

Purchase Details

Closed on
Aug 12, 1991
Bought by
Freeze Billy Patricia
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 Buyer Sale Price Title Company
Mcgee Jordan $380,000 None Listed On Document
Mcgee Jordan $380,000 None Available
Freeze Billy Patricia $16,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgee Jordan $285,000
Closed Mcgee Jordan $285,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2021 05/04/21 Sold $380,000 +1.3% $159 / Sq Ft
02/22/2021 02/22/21 Pending -- -- --
02/17/2021 02/17/21 For Sale $375,000 -- $157 / 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 $3,415 $146,520 $12,360 $134,160
2023 $3,415 $146,520 $0 $0
2022 $3,415 $146,520 $12,360 $134,160
2021 $3,439 $117,280 $11,920 $105,360
2020 $3,397 $115,840 $10,480 $105,360
2019 $3,397 $115,840 $10,480 $105,360
2018 $3,397 $115,840 $10,480 $105,360
2017 $2,942 $90,160 $9,760 $80,400
2016 $2,942 $90,160 $9,760 $80,400
2015 $2,942 $90,160 $9,760 $80,400
2014 -- $90,156 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2229685

Realtracs

APN: 058-011.00