NOT LISTED FOR SALE

304 White St Shelbyville, TN 37160

Estimated Value: $267,538 - $438,000

-- Bed
4 Baths
2,400 Sq Ft
$145/Sq Ft Est. Value

Last Sold January 05, 2021

Last sale price $285,000 $119 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,087/month

140 Days on Market

Highlights

  • Cooling Available
  • Heat Pump System
  • Property has 1 Level
  • Tile Flooring

About This Home

As of January 2021

All units are rented with one-yr lease @ $625/month; could easily be $700-$800. Renters pay all utilities including water, sewer, electric. Each unit has 2 bedrooms, 1 bathroom. It is making money but could possibly make more....

Last Agent to Sell the Property

Cindy Barnes

Coldwell Banker Southern Realty License #236019 Listed on: 07/15/2020

Coldwell Banker Southern Realty

Last Buyer's Agent

Tammy Harmon

Compass License #357743

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,590

Year Built

  • Built in 2004

Lot Details

  • Lot Dimensions are 112.5 x 140

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,400 Sq Ft Home
  • Property has 1 Level
  • Tile Flooring
  • Fire and Smoke Detector

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Driveway
  • Parking Lot

Schools

  • East Side Primary Elementary School
  • Harris Middle School
  • Central High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Total Actual Rent $2,500
  • Assessor Parcel Number 089J N 01500 000

Community Details

Overview

  • 4 Units
  • Highland Subdivision

Building Details

  • Gross Income $30,000
  • Net Operating Income $30,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,590

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2004
  • Inclusions: APPLN
  • Unit Levels: One
  • 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: Tile
  • Above Grade Finished Sq Ft: 2400
  • Building Area Units: Square Feet
  • Living Area: 2400
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Vinyl Siding
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 4
  • Parking Features: Asphalt, Parking Lot
  • Total Parking Spaces: 4

Utilities

  • Sewer: Sewer Available
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Security: Smoke Detector(s)

Condo/Co-op/Association

  • Association #2 Fee Frequency: One Time

Lot Info

  • Zoning: Commercial
  • Lot Size: 112.5 x 140
  • Lot Size Units: Acres
  • Parcel #: 089J N 01500 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Gross Income: 30000
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 30000
  • Number Of Units Total: 4
  • Total Actual Rent: 2500

Tax Info

  • Tax Annual Amount: 2590

MLS Schools

  • Elementary School: East Side Primary
  • High School: Central High School
  • Middle Or Junior School: Harris Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2020
Closed on
Jan 4, 2021
Sold by
Bell Trey and Countess Russ
Bought by
Derose David V and Wilson Cynthia M
Seller's Agent
Cindy Barnes
Coldwell Banker Southern Realty
Buyer's Agent
Tammy Harmon
Compass
List Price
$299,000
Sold Price
$285,000
Premium/Discount to List
-$14,000
-4.68%
Current Estimated Value
$348,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,135
Avg. Annual Appreciation
4.25%
Original Mortgage
$202,500
Outstanding Balance
$180,285
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$167,850

Purchase Details

Closed on
Aug 7, 2001
Sold by
Thompson Elizabeth C
Bought by
Gragg Daniel

Purchase Details

Closed on
Nov 27, 1937
Bought by
Carter Carter G and Carter Virginia
Source: Public Records

Range of Values:

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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
Derose David V $285,000 Access Title & Escrow Inc
Gragg Daniel $5,750 --
Carter Carter G -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Derose David V $202,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/05/2021 01/05/21 Sold $285,000 -4.7% $119 / Sq Ft
12/02/2020 12/02/20 Pending -- -- --
07/15/2020 07/15/20 For Sale $299,000 +92.9% $125 / Sq Ft
12/30/2015 12/30/15 Off Market $155,000 -- --
12/09/2015 12/09/15 For Sale $950 -99.4% $0 / Sq Ft
08/02/2013 08/02/13 Sold $155,000 -- $65 / Sq Ft View Prior Sale
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 -- $83,480 $0 $0
2024 -- $83,480 $9,000 $74,480
2023 $3,177 $83,480 $9,000 $74,480
2022 $3,268 $83,480 $9,000 $74,480
2021 $2,968 $83,480 $9,000 $74,480
2020 $2,591 $83,480 $9,000 $74,480
2019 $2,591 $58,480 $4,800 $53,680
2018 $2,532 $58,480 $4,800 $53,680
2017 $2,532 $58,480 $4,800 $53,680
2014 $2,149 $54,834 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2170022

Realtracs

APN: 002089J N 01500