$1,250,000
SOLD JUN 3, 2025

309 Myatt Dr Madison, TN 37115

8 Beds
8 Baths
6,300 Sq Ft
2019 Built

Recently Sold

$198 Per Sq Ft

7% Below List Price

29 Days on Market

Highlights

  • Cooling Available
  • Carpet
  • Heat Pump System

About This Home

As of June 2025

Five 2019-built townhomes fully occupied with total monthly rent of $8,438 under professional third-party property management. No Sign. Do not contact tenants. Ideal for a 1031 exchange buyer. Development has a total of 11 townhomes. This sale includes units A, B, D, E & F. Impeccably well cared for, clean and featuring an open layout and a functional kitchen with stainless steel appliances. Upstairs offers two primary bedrooms, each with their own private bath. Private exterior storage.

Last Agent to Sell the Property

Trevor Garrett

Bradford Real Estate Brokerage Phone: 6154796133 License # 332060 Listed on: 04/19/2025

Bradford Real Estate

Last Buyer's Agent

Michelle Becker

Adaro Realty License # 339857

Adaro Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,000

Year Built

  • Built in 2019

HOA Fees

  • $975 Monthly HOA Fees

Home Design

  • Frame Construction
  • Asphalt Roof

Interior Spaces

  • 6,300 Sq Ft Home
  • Property has 2 Levels

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 8 Bathrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Assigned Parking

Schools

  • Amqui Elementary School
  • Madison Middle School
  • Hunters Lane Comp High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Total Actual Rent $6,695
  • The owner pays for association fees
  • Tax Lot A-F
  • Assessor Parcel Number 043070A00500CO

Community Details

Overview

  • Association fees include exterior maintenance, ground maintenance, insurance, pest control, trash
  • 5 Units
  • 309 Myatt Drive Subdivision

Building Details

  • Operating Expense $26,750
  • Gross Income $101,136
  • Net Operating Income $74,386

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,000

Year Built

Built in 2019

Lot Details

0

HOA Fees

$975 per month

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2019
  • Inclusions: APPLN
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Multi Family
  • Year Built Details: EXIST
  • Attribution Contact: 6154796133
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Laminate
  • Total Bedrooms: 8
  • Above Grade Finished Sq Ft: 6300
  • Building Area Units: Square Feet
  • Living Area: 6300
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Fiber Cement, Frame
  • Pool Private: No
  • Roof: Asphalt
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 2
  • Parking Features: Assigned
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Laundry Features: Individual, Electric Dryer Hookup, Washer Hookup
  • Utilities: Water Available

Condo/Co-op/Association

  • HOA Fee Includes: Exterior Maintenance, Maintenance Grounds, Insurance, Pest Control, Trash
  • Association Fee: 975
  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Zoning: SP
  • Lot Size Units: Acres
  • Parcel #: 043070A00500CO
  • Property Attached Yn: Yes

Rental Info

  • Owner Pays: Association Fees
  • Tenant Pays: Cable TV, Electricity, Water

Multi Family

  • Gross Income: 101136
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 74386
  • Number Of Units Total: 5
  • Annual Operating Expense: 26750
  • Total Actual Rent: 6695

Tax Info

  • Tax Annual Amount: 13000
  • Tax Lot: A-F

MLS Schools

  • Elementary School: Amqui Elementary
  • High School: Hunters Lane Comp High School
  • Middle Or Junior School: Madison Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2025
Closed on
Jun 3, 2025
Sold by
Trevor Joseph Garrett Revocable Trust and Garrett Trevor
Bought by
Spg-Tn Llc
Seller's Agent
Jarod DeLozier
Bradford Real Estate
Buyer's Agent
Michelle Becker
Adaro Realty
List Price
$289,900
Sold Price
$250,000
Premium/Discount to List
-$39,900
-13.76%
Views
80

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-99.99%

Purchase Details

Listed on
Dec 5, 2019
Closed on
Nov 26, 2019
Sold by
Hunt Cameron and Hunt Amy
Bought by
Garrett Trevor
Seller's Agent
Sarah Gary
Bradford Real Estate
Buyer's Agent
NONMLS NONMLS

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
3.6%
Mortgage Type
Unknown

Purchase Details

Listed on
Oct 22, 2019
Closed on
Oct 29, 2019
Sold by
Cobalt Ventures Llc
Bought by
Garrett Trevor
Seller's Agent
Sarah Gary
Bradford Real Estate
Buyer's Agent
NONMLS NONMLS

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
3.6%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 21, 2018
Sold by
Cobalt Ventures Llc
Bought by
Hunt Cameron and Hunt Amy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$444,000
Interest Rate
4.9%
Mortgage Type
Construction

Purchase Details

Listed on
Oct 18, 2018
Closed on
Oct 5, 2018
Sold by
Polston Tim and Polston James
Bought by
Cobalt Ventures Llc
Seller's Agent
Trevor Garrett
Bradford Real Estate
Buyer's Agent
Trevor Garrett
Bradford Real Estate
List Price
$1,395
Sold Price
$187,000
Premium/Discount to List
$185,605
13305.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.66%

Purchase Details

Closed on
Jan 20, 2017
Sold by
Williams Ronald D and Williams Doris A
Bought by
Polston Tim and Polston James

Purchase Details

Closed on
May 3, 2007
Sold by
Williams Florence V
Bought by
Williams Ronald D and Williams Doris A
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 Type Sale Price Title Company
Warranty Deed $1,250,000 Bell & Alexander Title Service
Warranty Deed $400,000 Chapman & Rosenthal Ttl Inc
Quit Claim Deed -- Accommodation
Warranty Deed $1,425,000 Chapman & Rosenthal Title In
Warranty Deed $187,000 Chapman & Rosenthal Title In
Warranty Deed $90,000 Limestone Title & Escrow Llc
Interfamily Deed Transfer -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $610,000 Future Advance Clause Open End Mortgage
Previous Owner $340,000 Unknown
Previous Owner $444,000 Construction
Previous Owner $20,424 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2025 06/05/25 Sold $250,000 -80.0% $198 / Sq Ft
06/03/2025 06/03/25 Sold $1,250,000 -7.3% $198 / Sq Ft
05/19/2025 05/19/25 Pending -- -- --
05/18/2025 05/18/25 Pending -- -- --
04/19/2025 04/19/25 For Sale $1,349,000 +399.8% $214 / Sq Ft
04/08/2025 04/08/25 Price Changed $269,900 -3.6% $214 / Sq Ft
03/12/2025 03/12/25 Price Changed $279,900 -3.4% $222 / Sq Ft
02/06/2025 02/06/25 For Sale $289,900 +3.6% $230 / Sq Ft
07/31/2024 07/31/24 Sold $279,900 0.0% $222 / Sq Ft
06/19/2024 06/19/24 Pending -- -- --
06/11/2024 06/11/24 Price Changed $279,900 -3.4% $222 / Sq Ft
05/18/2024 05/18/24 For Sale $289,900 +20681.4% $230 / Sq Ft
07/12/2021 07/12/21 For Sale $1,395 0.0% $0 / Sq Ft
05/29/2020 05/29/20 Rented -- -- --
05/20/2020 05/20/20 Under Contract -- -- --
05/15/2020 05/15/20 For Rent -- -- --
03/06/2020 03/06/20 Rented -- -- --
02/28/2020 02/28/20 Rented -- -- --
02/18/2020 02/18/20 Under Contract -- -- --
02/18/2020 02/18/20 For Rent -- -- --
02/10/2020 02/10/20 Under Contract -- -- --
01/30/2020 01/30/20 For Rent -- -- --
12/29/2019 12/29/19 Rented -- -- --
12/13/2019 12/13/19 Under Contract -- -- --
12/05/2019 12/05/19 For Rent -- -- --
12/04/2019 12/04/19 Rented -- -- --
10/31/2019 10/31/19 Under Contract -- -- --
10/22/2019 10/22/19 For Rent -- -- --
10/18/2018 10/18/18 Sold $187,000 -- $57 / 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 $2,602 $79,960 $16,000 $63,960
2023 $2,602 $79,960 $16,000 $63,960
2022 $1,893 $79,960 $16,000 $63,960
2021 $2,629 $79,960 $16,000 $63,960
2020 $1,450 $34,350 $5,000 $29,350
2019 $0 $5,000 $5,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2820179

Realtracs

APN: 043-07-0A-005-00