NOT LISTED FOR SALE

309 Rachels Ct E Hermitage, TN 37076

Estimated Value: $359,000 - $417,000

4 Beds
2 Baths
2,022 Sq Ft
$187/Sq Ft Est. Value

Last Sold August 07, 2017

Last sale price $180,000 $89 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $2,324/month

3 Days on Market

Highlights

  • Cooling Available
  • Tile Flooring
  • Central Heating

About This Home

As of August 2017

Clean unit with good cash flow on quiet cul-de-sac. Siding freshly cleaned Downstairs tenant has been there for 14 years - moving soon for assisted living. upstairs tenant has 2 year lease, recently moved in.

Last Agent to Sell the Property

David Adcock

Veterans Realty Services License #262259 Listed on: 06/18/2017

Last Buyer's Agent

Jamie Shea

Berkshire Hathaway HomeServices Woodmont Realty License # 303934

Berkshire Hathaway HomeServices Woodmont Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,871

Year Built

  • Built in 1984

Lot Details

  • 9,583 Sq Ft Lot
  • Lot Dimensions are 36 x 160

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,022 Sq Ft Home
  • Property has 2 Levels

Flooring

  • Carpet
  • Tile
  • Vinyl

Schools

  • Tulip Grove Elementary School
  • Dupont Tyler Middle School
  • Mcgavock Comp High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $1,550
  • Assessor Parcel Number 07507028500

Community Details

Overview

  • 2 Units
  • Rachels Square Subdivision

Building Details

  • Operating Expense $1
  • Gross Income $18,600
  • Net Operating Income $18,599

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,871

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1984
  • Inclusions: APPLN
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Tile, Vinyl
  • Above Grade Finished Sq Ft: 2022
  • Building Area Units: Square Feet
  • Living Area: 2022
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Individual

Condo/Co-op/Association

  • Association #2 Fee Frequency: One Time

Lot Info

  • Zoning: R10
  • Lot Size Acres: 0.22
  • Lot Size: 36 X 160
  • Lot Size Units: Acres
  • Parcel #: 07507028500
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Gross Income: 18600
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 18599
  • Number Of Units Total: 2
  • Annual Operating Expense: 1
  • Total Actual Rent: 1550

Tax Info

  • Tax Annual Amount: 1871

MLS Schools

  • Elementary School: Tulip Grove Elementary
  • High School: McGavock Comp High School
  • Middle Or Junior School: Dupont Tyler Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2017
Closed on
Aug 2, 2017
Sold by
Travioll Lee C and Travioll Natalie
Bought by
Bruza Tammy and Bruza Steve
Seller's Agent
David Adcock
Veterans Realty Services
Buyer's Agent
Jamie Shea
Berkshire Hathaway HomeServices Woodmont Realty
List Price
$199,900
Sold Price
$180,000
Premium/Discount to List
-$19,900
-9.95%
Current Estimated Value
$377,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,327
Avg. Annual Appreciation
9.60%
Original Mortgage
$127,500
Outstanding Balance
$107,485
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$269,673

Purchase Details

Listed on
Jun 28, 2015
Closed on
Jun 30, 2015
Sold by
Morris Bart
Bought by
Travioli Lee C and Travioli Natalie
Seller's Agent
Karen Hoff
Historic & Distinctive Homes, LLC
Buyer's Agent
David Adcock
Veterans Realty Services
List Price
$975
Sold Price
$133,000
Premium/Discount to List
$132,025
13541.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.42%

Purchase Details

Closed on
Aug 4, 2005
Sold by
Williams Marty L and Williams Sherri B
Bought by
Morris Bart

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,677
Interest Rate
5.48%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 24, 2001
Sold by
Rogers Timothy Blake and Rogers Stephanie J
Bought by
Williams Marty L and Williams Sherri B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$77,400
Interest Rate
7.18%

Purchase Details

Closed on
Dec 23, 1994
Sold by
Mcalister William D and Mcalister Victoria
Bought by
Martin Jason E
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
Bruza Tammy $180,000 Advantage Title & Escrow
Travioli Lee C $133,000 Advantage Title & Escrow
Morris Bart $121,000 Rudy Title & Escrow Llc
Williams Marty L $86,000 --
Martin Jason E $59,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bruza Tammy $127,500
Previous Owner Morris Bart $19,701
Previous Owner Morris Bart $98,677
Previous Owner Williams Marty L $77,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/19/2018 02/19/18 Pending -- -- --
02/14/2018 02/14/18 Off Market $133,000 -- --
01/04/2018 01/04/18 Price Changed $995 +2.1% $0 / Sq Ft
12/13/2017 12/13/17 For Sale $975 0.0% $0 / Sq Ft
12/13/2017 12/13/17 Pending -- -- --
11/30/2017 11/30/17 For Sale $975 -99.5% $0 / Sq Ft
08/07/2017 08/07/17 Sold $180,000 -10.0% $89 / Sq Ft
06/21/2017 06/21/17 Pending -- -- --
06/18/2017 06/18/17 For Sale $199,900 +50.3% $99 / Sq Ft
06/29/2015 06/29/15 Sold $133,000 +2560.0% $66 / Sq Ft
06/27/2015 06/27/15 Off Market $5,000 -- --
05/26/2015 05/26/15 For Sale $136,500 +2630.0% $68 / Sq Ft
07/03/2013 07/03/13 Sold $5,000 -- $2 / 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 $3,264 $111,720 $16,000 $95,720
2023 $3,264 $111,720 $16,000 $95,720
2022 $3,264 $111,720 $16,000 $95,720
2021 $3,299 $111,720 $16,000 $95,720
2020 $2,897 $76,480 $10,800 $65,680
2019 $2,107 $76,480 $10,800 $65,680
2018 $2,107 $76,480 $10,800 $65,680
2017 $2,107 $76,480 $10,800 $65,680
2016 $1,871 $47,680 $8,000 $39,680
2015 $1,871 $47,680 $8,000 $39,680
2014 -- $47,680 $8,000 $39,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 1837914

Realtracs

APN: 075-07-0-285