NOT LISTED FOR SALE

3005 Michigan Avenue Rd NE Cleveland, TN 37323

Estimated Value: $370,000 - $475,000

-- Bed
3 Baths
3,825 Sq Ft
$106/Sq Ft Est. Value

Last Sold February 05, 2024

Last sale price $380,000 $99 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,288/month

Highlights

  • Ranch Style House
  • No HOA
  • 1 Car Attached Garage
  • Wood Flooring
  • Rear Porch
  • Eat-In Kitchen

About This Home

As of February 2024

Pre-Sold Sale.
Upper unit rents for $2,510
Lower unit rents for $1,315

Last Agent to Sell the Property

Adam Hammond

Bender Realty License #333299 Listed on: 01/18/2024

Bender Realty

Co-Listed By

Melinda Ramage

Bender Realty License #363707

Last Buyer's Agent

Matt Sharp

KW Cleveland License #351567

KW Cleveland

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,888

Year Built

  • Built in 1961

Lot Details

  • Fenced
  • Sloped Lot
  • Cleared Lot

Parking

  • 1 Car Attached Garage
  • Driveway

Home Design

  • Duplex
  • Ranch Style House
  • Brick Veneer
  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 3 Full Bathrooms
  • 3,825 Sq Ft Home
  • Living Quarters
  • Ceiling Fan
  • Window Screens
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Gas Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile
  • Luxury Vinyl Tile

Laundry

  • Laundry Room
  • Laundry in multiple locations

Outdoor Features

  • Patio
  • Rain Gutters
  • Rear Porch

Schools

  • Mayfield Elementary School
  • Cleveland Middle School
  • Cleveland High School

Utilities

  • Multiple cooling system units
  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • High Speed Internet

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Tenant pays for all utilities
  • The owner pays for taxes
  • Assessor Parcel Number 050e D 011.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,888

Year Built

Built in 1961

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Duplex
  • Prop. Type: Residential Income
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Co List Office Mls Id: 5
  • Co List Office Phone: 423-472-2173
  • Directions: Stuart Road NE to Michigan Ave Take Right, Home on Right (Just before 20th st.)
  • Above Grade Finished Sq Ft: 2510.0
  • Architectural Style: Ranch, Other
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Multi/Split
  • New Construction: No
  • Structure Type: Multi Family, Duplex
  • Year Built: 1961
  • General Property Information:Living Area2: 3825.0
  • Appliances Refrigerators: Yes
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Appliances: Dishwasher, Electric Range, Gas Range, Gas Water Heater, Refrigerator
  • Interior Amenities: Separate Living Quarters, High Speed Internet, Eat-in Kitchen, Ceiling Fan(s)
  • Basement YN: No
  • Full Bathrooms: 3
  • Below Grade Sq Ft: 1315.0
  • Flooring: Carpet, Hardwood, Luxury Vinyl, Tile
  • Living Area: 3825.0
  • Window Features: Vinyl Frames, Screens
  • ResoLivingAreaSource: Owner
  • Appliances Dishwasher: Yes
  • Interior Features:Ceiling Fan(s)2: Yes
  • Interior Features:Separate Living Quarters: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Gas Water Heater: Yes
  • Community Features:None3: Yes
  • Basement:Crawl Space: Yes
  • Interior Features:Eat-in Kitchen: Yes
  • Appliances:Gas Range: Yes
  • Interior Features:High Speed Internet: Yes

Exterior Features

  • Roof: Shingle
  • Fencing: Fenced
  • Exterior Features: Rain Gutters
  • Lot Features: Sloped, Cleared
  • Pool Features: None
  • View: No
  • Waterfront: No
  • Construction Type: Block, Brick Veneer, Other
  • Foundation Details: Slab
  • Patio And Porch Features: Patio, Porch, Rear Porch
  • Property Condition: Functional
  • Construction Materials:Other7: Yes
  • Patio And Porch Features:Porch: Yes
  • Patio And Porch Features:Patio: Yes
  • Window Features:Vinyl Frames: Yes
  • Lot Features:Cleared: Yes
  • Construction Materials:Brick Veneer: Yes
  • Exterior Features:Rain Gutters: Yes
  • Window Features:Screens: Yes
  • Lot Features:Sloped: Yes
  • Patio And Porch Features:Rear Porch: Yes
  • Construction Materials:Block: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Paved, Concrete, Driveway, Garage
  • General Property Information:Garage Spaces: 1.0
  • General Property Information:Garage YN: Yes
  • General Property Information:Attached Garage YN: Yes
  • Parking Features:Driveway: Yes
  • Parking Features:Concrete3: Yes
  • Parking Features:Garage: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Heating: Natural Gas, Central, Electric
  • Cooling: Ceiling Fan(s), Central Air, Multi Units
  • Sewer: Public Sewer
  • Laundry Features: Multiple Locations, Main Level, Laundry Room
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Utilities: Water Connected, Water Available, Sewer Connected, Sewer Available, Natural Gas Available, Electricity Available, Electricity Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Natural Gas: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Community Features: None
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Mayfield
  • High School: Cleveland
  • Middle Or Junior School: Cleveland

Lot Info

  • Additional Parcels: No
  • Parcel #: 050e D 011.00

Rental Info

  • Owner Pays: Taxes
  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 1888.17
  • Tax Book Number: 2965

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 18, 2024
Closed on
Feb 5, 2024
Sold by
Alexander Mikita Elizabeth
Bought by
Smith Magen and Beal Richard
Seller's Agent
Adam Hammond
Bender Realty
Buyer's Agent
Matt Sharp
KW Cleveland
List Price
$380,000
Sold Price
$380,000
Current Estimated Value
$406,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,781
Avg. Annual Appreciation
5.14%
Original Mortgage
$285,000
Outstanding Balance
$280,519
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$130,182

Purchase Details

Listed on
Jun 30, 2022
Closed on
Dec 30, 2022
Sold by
Rader Dustin C
Bought by
Alexander Mikita Elizabeth
List Price
$374,500
Sold Price
$285,000
Premium/Discount to List
-$89,500
-23.9%
Views
47

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.89%
Original Mortgage
$279,837
Interest Rate
6.42%

Purchase Details

Closed on
Jul 30, 2018
Sold by
Thompson Pamela M
Bought by
Works Merita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,492
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2018
Sold by
Connolly Kathleen and Green Kathleen
Bought by
Rader Dustin C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
4.4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 10, 2018
Sold by
Renner Judy
Bought by
Renner Sam Christopher and Renner Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
4.4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jan 25, 2018
Sold by
Kennedy Robert D and Kennedy Sandra L
Bought by
Kiser Stephen Taylor and Ownbey Jessica Hayley

Purchase Details

Closed on
Jul 7, 2017
Sold by
Plank Tracy and Brumfiel Tracy Larue
Bought by
Cavett Eric L and Cavett Jennifer R

Purchase Details

Closed on
Jun 14, 2017
Sold by
Revival Brothers Llc
Bought by
Flores Rodrigo Almaraz and Almaraz Elba

Purchase Details

Closed on
Sep 26, 2008
Sold by
Richmond Jimmy L
Bought by
Green Kathleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,779
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 22, 1998
Sold by
Richmond Joseph
Bought by
Kuhn James

Purchase Details

Closed on
Aug 19, 1998
Sold by
Richmond Joseph
Bought by
Richmond Joseph

Purchase Details

Closed on
Jun 17, 1998
Sold by
Richmond Jimmy
Bought by
Lewis Joe

Purchase Details

Closed on
May 14, 1998
Sold by
Richmond Jimmy
Bought by
Richmond Jimmy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 24, 1998
Sold by
Reynolds Darius C
Bought by
Reynolds Bruce

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
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
Smith Magen $380,000 None Listed On Document
Alexander Mikita Elizabeth $285,000 Foothills Title
Works Merita $74,900 Title Insurance Company
Rader Dustin C $162,500 None Available
Renner Sam Christopher -- None Available
Kiser Stephen Taylor $193,000 None Available
Cavett Eric L $155,000 None Available
Flores Rodrigo Almaraz $77,900 Title Insurance Company
Green Kathleen $133,500 --
Kuhn James $74,500 --
Richmond Joseph $20,000 --
Lewis Joe $10,500 --
Richmond Jimmy $70,000 --
Reynolds Bruce $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Magen $285,000
Previous Owner Alexander Mikita Elizabeth $279,837
Previous Owner Works Merita $63,492
Previous Owner Rader Dustin C $130,000
Previous Owner Green Kathleen $125,000
Previous Owner Colbaugh Gloria F $180,000
Previous Owner Reynolds Bruce $132,779
Previous Owner Reynolds Bruce $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2024 02/05/24 Sold $380,000 0.0% $99 / Sq Ft
01/18/2024 01/18/24 For Sale $380,000 +33.3% $99 / Sq Ft
12/30/2022 12/30/22 Sold $285,000 -23.9% $84 / Sq Ft
11/10/2022 11/10/22 Pending -- -- --
06/30/2022 06/30/22 For Sale $374,500 -- $110 / 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
2024 $862 $59,900 $6,675 $53,225
2023 $1,888 $59,900 $6,675 $53,225
2022 $1,888 $59,900 $6,675 $53,225
2021 $1,888 $59,900 $0 $0
2020 $1,572 $59,900 $0 $0
2019 $1,572 $40,900 $0 $0
2018 $1,686 $0 $0 $0
2017 $873 $0 $0 $0
2016 $1,372 $0 $0 $0
2015 $1,372 $0 $0 $0
2014 $706 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: River Counties Association of REALTORS®

MLS Number: 20240207

River Counties Association of REALTORS®

APN: 050E-D-011.00