NOT LISTED FOR SALE

319 Brown Ave NW Cleveland, TN 37311

Estimated Value: $289,000 - $401,401

-- Bed
1 Bath
3,000 Sq Ft
$116/Sq Ft Est. Value

Last Sold May 08, 2024

Last sale price $410,000 $137 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $1,963/month

47 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Heating Available

About This Home

As of May 2024

Great Investment opportunity! Income producing 4 unit. All currently rented. Great city location near Lee University. All units are 2 bedroom/1 bath. Tenants pay all utilities. Separate water meters and electric meters to each unit. Each unit has cosmetic updates within the past 2 years (flooring, light fixtures, paint). Two units have PTAC units (2 years old); two units have central heat/air. Each unit has washer/dryer hookup. Unit 1 rents $775. Unit 2 rents $850. Unit 3 rents $750. Unit 4 rents $750.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,889

Year Built

  • Built in 1950

Lot Details

  • Lot Dimensions are 138x137x148x84

Parking

  • Driveway

Home Design

  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 3,000 Sq Ft Home
  • Property has 3 Levels

Schools

  • Arnold Memorial Elementary School
  • Cleveland Middle School
  • Cleveland High School

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 049K H 01500 000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,889

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1950
  • Unit Levels: Three Or More
  • Building Stories: 2
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Attribution Contact: 4237158828
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Other
  • Building Area Units: Square Feet
  • Living Area: 3000
  • Living Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 138x137x148x84
  • Lot Size Units: Acres
  • Parcel #: 049K H 01500 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 1889

MLS Schools

  • Elementary School: Arnold Memorial Elementary
  • High School: Cleveland High
  • Middle Or Junior School: Cleveland Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2024
Closed on
May 8, 2024
Sold by
Baron Harley Properties and Baron Rentals Llc
Bought by
Geyer Robert and Mathis Todd W
List Price
$459,900
Sold Price
$410,000
Premium/Discount to List
-$49,900
-10.85%
Views
13
Current Estimated Value
$347,134

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$62,866
Avg. Annual Appreciation
-1.72%
Original Mortgage
$307,500
Outstanding Balance
$304,248
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$96,770

Purchase Details

Listed on
Jan 15, 2021
Closed on
Jan 28, 2021
Sold by
Serkalow Vic
Bought by
Baron Harley Properties and Baron Rentals Llc
Seller's Agent
Jim Metzger
Bender Realty
Buyer's Agent
Cindi Richardson
Richardson Group KW Cleveland
List Price
$189,500
Sold Price
$189,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.53%

Purchase Details

Closed on
Dec 1, 2016
Sold by
Sorrells Janey B
Bought by
Serkalow Vic

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,500
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 27, 1995
Sold by
Crye Properties Inc
Bought by
Sorrells Johnny M
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
Geyer Robert $410,000 Equi Title
Baron Harley Properties $189,500 Equititle Inc
Serkalow Vic $111,500 --
Sorrells Johnny M $63,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Geyer Robert $307,500
Previous Owner Serkalow Vitaly $50,500
Previous Owner Serkalow Vic $86,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2024 05/08/24 Sold $410,000 -10.9% $137 / Sq Ft
03/23/2024 03/23/24 Pending -- -- --
02/05/2024 02/05/24 For Sale $459,900 +142.7% $153 / Sq Ft
01/28/2021 01/28/21 Sold $189,500 0.0% $63 / Sq Ft
01/15/2021 01/15/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $189,500 -- $63 / 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 $862 $59,920 $11,840 $48,080
2023 $1,888 $59,920 $11,840 $48,080
2022 $1,888 $59,920 $11,840 $48,080
2021 $1,888 $59,920 $0 $0
2020 $1,841 $59,920 $0 $0
2019 $1,841 $47,920 $9,560 $38,360
2018 $1,974 $0 $0 $0
2017 $987 $0 $0 $0
2016 $1,314 $0 $0 $0
2015 $1,314 $0 $0 $0
2014 $674 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2782779

Realtracs

APN: 049K-H-015.00