$460,000
SOLD FEB 28, 2025

3024 Blue Springs Rd SE Cleveland, TN 37311

-- Bed
-- Bath
4,416 Sq Ft
0.52 Acres

Recently Sold

$104 Per Sq Ft

18% Below List Price

17 Days on Market

Highlights

  • Deck
  • Central Heating and Cooling System
  • Carpet

About This Home

As of February 2025

WELL LOCATED CLEVELAND FOUR PLEX - ALL 2 BEDRMS - TOWNHOME STYLE
This attractive 4-unit townhome property offers spacious two-bedroom, 1.5-bath layouts with a two-story design. Each unit is equipped with central heat and air, ensuring comfort year-round. New roof in 2009. Enjoy private back decks for outdoor relaxation and entertaining. Located in a highly desirable and growing area, this property offers easy access to local amenities making it a perfect choice for both investors and homeowners alike. Please contact listing agent for a private showing of a representative unit. No sign on property and we respectively request that you do not disturb the residents.

Last Agent to Sell the Property

Sakaylea Sanders

Goldman Partners Realty, LLC License #378466 Listed on: 01/15/2025

Co-Listed By

Solange Velas

Goldman Partners Realty, LLC License #263596

Last Buyer's Agent

Non Member Non Member

Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,580

Year Built

  • Built in 1989

Lot Details

  • 0.52 Acre Lot
  • Lot Dimensions are 71x146x75x144

Home Design

  • 4,416 Sq Ft Home
  • Quadruplex
  • Garden Apartment
  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Kitchen

  • Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • Driveway
  • On-Site Parking

Additional Features

  • Washer and Dryer Hookup
  • Deck
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for tenant pays all util
  • The owner pays for lawn maintenance, HVAC maintenance, exterior maintenance, taxes, insurance
  • Assessor Parcel Number 065J A 015.00

Community Details

Overview

  • 4 Units
  • Martha's Acres Revise Subdivision

Building Details

  • Operating Expense $7,904
  • Net Operating Income $30,496

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,580

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Directions: Take I-75 to exit 20 towards Cleveland and turn left onto Hwy 64. Go 3.7 miles and turn right onto Blue Springs Rd. then .3 miles turn left onto Blue Springs Rd. In .6 miles the 4 plex is on your right.
  • Prop. Type: Multi-Family
  • Year Built: 1989
  • Lot Size Acres: 0.52
  • Lot Size: 71x146x75x144
  • Co List Office Mls Id: 2120
  • Co List Office Phone: 865-705-8675
  • Subdivision Name: Martha's Acres Revise
  • General Property Description:Lot Size SqFt: 22651.0
  • Siding:Vinyl2: Yes
  • Cooling:Central Cooling: Yes
  • Floors:Carpet: Yes
  • Floors:Vinyl: Yes
  • Fuel:Electric: Yes
  • Heat:Central: Yes
  • Appliances Refrigerators: Yes
  • Misc Features:WasherDryer Connect: Yes
  • Floors:Laminate: Yes
  • General Property Description:Driveway: Paved
  • Property Sub-Type:Four Plex: Yes
  • Miscellaneous:WasherDryer Cnctns: Yes
  • Roof:Composition: Yes
  • Type of Units:Garden: Yes
  • Type of Units:Townhouse: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dishwasher, Range, Refrigerator
  • Owner Pays: Other, Lawn Maintenance, HVAC Maintenance, Exterior Maintenance, Taxes, Insurance
  • Flooring: Laminate, Carpet, Vinyl
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Other Rooms:Other27: Yes

Exterior Features

  • Construction Type: Vinyl Siding, Frame, Other
  • Construction:Frame: Yes
  • Exterior Features:Deck: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: On Premise Parking
  • GarageParking:On Premise Parking: Yes

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 22651.0
  • Parcel #: 065J A 015.00
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Tenant Pays: Tenant Pays All Util

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 38400.0
  • Property Net Operating Income: 30496.0
  • Annual Operating Expense: 7904.0

Tax Info

  • Tax Annual Amount: 2579.76

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2025
Closed on
Feb 28, 2025
Sold by
Wpm Investments Llc
Bought by
Blue Springs Tn Llc
Seller's Agent
Sakaylea Sanders
Goldman Partners Realty, LLC
Buyer's Agent
Non Member Non Member
Non-Member Office
List Price
$559,500
Sold Price
$460,000
Premium/Discount to List
-$99,500
-17.78%
Views
12
Current Estimated Value
$466,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,412
Avg. Annual Appreciation
1.25%

Purchase Details

Closed on
Jan 31, 2018
Sold by
Bill Campbell And Campbell Properties Lp
Bought by
Wpm Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Interest Rate
3.94%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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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 $460,000 Equi Title
Warranty Deed $460,000 Equi Title
Warranty Deed $1,000,000 Cleveland Abstract
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,000,000 New Conventional
Previous Owner $850,000 Future Advance Clause Open End Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Sold $460,000 -17.8% $104 / Sq Ft
02/01/2025 02/01/25 Pending -- -- --
01/15/2025 01/15/25 For Sale $559,500 -- $127 / Sq Ft
Source: East Tennessee REALTORS® MLS

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 $1,178 $81,840 $5,120 $76,720
2023 $2,580 $81,840 $5,120 $76,720
2022 $2,580 $81,840 $5,120 $76,720
2021 $2,580 $81,840 $0 $0
2020 $3,497 $81,840 $0 $0
2019 $3,497 $91,040 $0 $0
2018 $3,750 $0 $0 $0
2017 $1,875 $0 $0 $0
2016 $2,884 $0 $0 $0
2015 $2,884 $0 $0 $0
2014 $1,469 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1287044

East Tennessee REALTORS® MLS

APN: 065J-A-015.00