$32,000
SOLD OCT 30, 2024

316 Lexington Ave Jackson, TN 38301

Downtown Jackson Neighborhood
3 Beds
2 Baths
1,272 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$25 Per Sq Ft

34% Below List Price

51 Days on Market

Highlights

  • Wood Flooring
  • Bungalow
  • Fenced Front Yard
  • Front Porch
  • 1-Story Property

About This Home

As of October 2024

Welcome to a promising investment opportunity in the heart of Jackson, Tennessee! This 3-bedroom, 2-bathroom home offers a solid foundation and spacious layout, perfect for those looking to add value and generate rental income or flip for a profit.

Buyer will receive a warranty deed and title insurance paid by seller from Priority Title & Escrow. All information deemed reliable but not guaranteed. Buyer/Buyers Agent to verify. Agent has an ownership interest in Owner/Entity.

Last Agent to Sell the Property

Danny Price

Blackwell Realty and Auction Listed on: 08/19/2024

Blackwell Realty and Auction

Last Buyer's Agent

Kim Holt

Town and Country License #357531

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $237

Year Built

  • Built in 1930

Lot Details

  • Fenced Front Yard
  • Fenced

Home Design

  • Bungalow
  • Shingle Roof

Interior Spaces

  • 1,272 Sq Ft Home
  • 1-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • Parking Pad
  • 1 Open Parking Space
  • Outside Parking

Outdoor Features

  • Front Porch

Listing and Financial Details

  • Assessor Parcel Number 078O B 021.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$237

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Year Built: 1930
  • Property Sub-Type: Single Family Residence
  • PropertyType: Residential
  • Reso Fencing: Fenced, Front Yard
  • Road Frontage Type: None
  • Road Surface Type: None
  • Co List Office Phone: 615-444-0072
  • MLS Status: Closed
  • Subdivision Name: None
  • Architectural Style: Bungalow
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal Parcel Number2: 078O B 021.00
  • General Property Information Accessibility Features YN2: No
  • General Property Information Lot Size Dimensions: 52.5 X 136 IRR
  • General Property Information New Construction YN: No
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information:Land Lease YN2: No
  • General Property Information:Pool Private YN: No
  • Fencing Fenced: Yes
  • Levels:One: Yes
  • Main Room Levels Main Level Bathrooms: 2
  • Main Room Levels Main Level Bedrooms: 3
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Flooring Wood: Yes
  • Roof:Shingle2: Yes
  • Room Types Primary Bedroom Level: Main
  • Parking Information Open Parking YN: Yes
  • Parking Information Open Parking Spaces4: 1.0
  • General Property Information Spa YN: No
  • General Property Information Auction YN2: No
  • General Property Information Home Warranty YN: No
  • Architectural Style Bungalow: Yes
  • Fencing Front Yard: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Private Spa: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Flooring: Wood
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • ResoLivingAreaSource: Other

Exterior Features

  • Roof: Shingle
  • Pool Features: None
  • Pool Private: No
  • View: No
  • Waterfront: No
  • Other Structures: None
  • Patio And Porch Features: Front Porch
  • Patio And Porch Features:Front Porch: Yes

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Open Parking: Yes
  • Parking Features: Open, Outside, Parking Pad, Other
  • Total Parking Spaces: 1.0
  • General Property Information:Garage YN: No
  • General Property Information:Parking Total: 1.0
  • Parking Features:Parking Pad: Yes
  • Parking Features:Open: Yes
  • Parking Features:Outside3: Yes

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Parcel Number: 078O B 021.00
  • Land Lease: No
  • Lot Dimensions: 52.5 X 136 IRR

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2024
Closed on
Oct 30, 2024
Sold by
Assetsix Llc
Bought by
Prime Consulting Inc
Seller's Agent
Danny Price
Blackwell Realty and Auction
Buyer's Agent
Kim Holt
Town and Country
List Price
$48,500
Sold Price
$32,000
Premium/Discount to List
-$16,500
-34.02%
Views
128
Current Estimated Value
$45,322

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,322
Avg. Annual Appreciation
51.34%
Original Mortgage
$131,750
Outstanding Balance
$33,695
Interest Rate
6.12%
Mortgage Type
Construction
Estimated Equity
$11,627

Purchase Details

Closed on
Nov 9, 2023
Sold by
Floki Five Llc
Bought by
Assetsix Llc

Purchase Details

Closed on
Oct 17, 2023
Sold by
Chancery Court Of Madison County
Bought by
Floki Five Llc

Purchase Details

Closed on
Sep 30, 2022
Sold by
Madison County
Bought by
Floki Five Llc

Purchase Details

Closed on
Sep 26, 2022
Sold by
Madison County
Bought by
Floki Five Llc

Purchase Details

Closed on
Aug 22, 2022
Sold by
Hudson Sylvester
Bought by
Madison County

Purchase Details

Closed on
Dec 15, 1997
Sold by
Hudson Carolyn J
Bought by
Sylvester Hudson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,000
Interest Rate
7.31%

Purchase Details

Closed on
Nov 22, 1996
Sold by
Sylvester Hudson
Bought by
Carolyn Hudson

Purchase Details

Closed on
Jul 1, 1988
Bought by
Hudson Sylvester

Purchase Details

Closed on
Apr 25, 1949
Bought by
Palmer Elbert B and Palmer Annie
Source: Public Records

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Range of Values:

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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 $32,000 Priority Title & Escrow
Quit Claim Deed -- None Listed On Document
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $11,540 None Listed On Document
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $11,540 --
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $11,540 --
Public Action Common In Florida Clerks Tax Deed Or Tax Deeds Or Property Sold For Taxes $2,842,683 None Listed On Document
Deed -- --
Deed -- --
Warranty Deed $19,500 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $131,750 Construction
Previous Owner $19,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2024 10/30/24 Sold $32,000 0.0% $25 / Sq Ft
10/09/2024 10/09/24 Pending -- -- --
10/04/2024 10/04/24 Price Changed $32,000 -17.9% $25 / Sq Ft
08/26/2024 08/26/24 Price Changed $39,000 -19.6% $31 / Sq Ft
08/19/2024 08/19/24 For Sale $48,500 -- $38 / Sq Ft
Source: Central West Tennessee 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 $237 $14,725 $1,025 $13,700
2022 $513 $14,725 $1,025 $13,700
2021 $490 $11,350 $1,025 $10,325
2020 $426 $11,350 $1,025 $10,325
2019 $426 $9,875 $1,025 $8,850
2018 $426 $9,875 $1,025 $8,850
2017 $398 $9,000 $1,025 $7,975
2016 $427 $10,375 $1,025 $9,350
2015 $427 $10,375 $1,025 $9,350
2014 $427 $10,375 $1,025 $9,350
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2024

    Danny Price

    Blackwell Realty and Auction

    (423) 888-7775

    3 in this area

    103 Total Sales

    Danny Price
    Section Image
  • Kim Holt

    Buyer's Agent in 2024

    Kim Holt

    Town and Country

    (731) 676-0071

    2 in this area

    142 Total Sales

    Kim Holt
    Section Image
See All Agents

Map

Source: Central West Tennessee Association of REALTORS®

MLS Number: 245885

Central West Tennessee Association of REALTORS®

APN: 078O-B-021.00

Tennessee Madison County Jackson 38301 Downtown Jackson

316 Lexington Ave, Jackson, TN

This home is located at 316 Lexington Ave, Jackson, TN 38301 and is currently priced at $32,000, approximately $25 per square foot. This property was built in 1930. 316 Lexington Ave is a home located in Madison County with nearby schools including Isaac Lane Technology Magnet Elementary School and Liberty Technology Magnet High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Central West Tennessee Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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