$1,127,500
SOLD DEC 23, 2024

35 County Farm Rd &89 Manchester, TN 37355

-- Bed
-- Bath
1 Sq Ft
2.95 Acres

Recently Sold

$1,127,500 Per Sq Ft

16% Below List Price

162 Days on Market

Highlights

  • No HOA
  • 2 Car Garage
  • Heating Available
  • Cooling Available
  • Carpet
  • Property has 1 Level

About This Home

As of December 2024

Unlimited income possibilities!! Address is 35 & 89 County Farm Rd. Approx. 8.05 acre in 2 tracts, parcels 057 026.00 & 057 027.00, 1 tract is 5.1 acres & 2.95 acres, there are 20 trailers set up, average rent of $900 a month, one trailer is owned & lot rents $450 monthly, one building is used as office by owner & building on back lot is rented for storage at $400 monthly, when bought only 5 were rented & all trailers needed work, seller has renovated 16 trailers putting cabinets, new windows, painted them as they become empty, new flooring and underpinning of the trailers. City water is in place and there is septic. Owner is clearing area for possible future RV/Boat storage (buyer to do) Seller pays water for all and averages $500 to $600 a month, individual electric meters, the location is close to Manchester, Tullahoma, Murfreesboro and I-24, sellers tools do not convey, see attached for more rent roll info, 2 dumpsters for residents, 1 for owner

Last Agent to Sell the Property

Sheila Campbell

eXp Realty Brokerage Phone: 9312738504 License # 261640 Listed on: 03/21/2024

eXp Realty

Last Buyer's Agent

Sheila Campbell

eXp Realty Brokerage Phone: 9312738504 License # 261640 Listed on: 03/21/2024

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,292

Year Built

  • Built in 1990

Parking

  • 2 Car Garage

Interior Spaces

  • 1 Sq Ft Home
  • Property has 1 Level

Flooring

  • Carpet
  • Laminate
  • Vinyl

Schools

  • North Coffee Elementary School
  • Coffee County Middle School
  • Coffee County Central High School

Utilities

  • Cooling Available
  • Heating Available
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $3,600
  • The owner pays for water
  • Assessor Parcel Number 057 02600 000

Community Details

Overview

  • No Home Owners Association
  • 20 Units
  • Shelton Subdivision

Building Details

  • Operating Expense $68,914
  • Gross Income $236,340
  • Net Operating Income $167,426

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,292

Year Built

Built in 1990

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1990
  • Inclusions: OTHER
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Multi Family
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Attribution Contact: 9312738504
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Laminate, Vinyl
  • Above Grade Finished Sq Ft: 1
  • Building Area Units: Square Feet
  • Living Area: 1
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Other

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Detached
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Laundry Features: Individual, Electric Dryer Hookup, Washer Hookup
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: C
  • Lot Size: 8.05
  • Lot Size Units: Acres
  • Parcel #: 057 02600 000
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water

Multi Family

  • Gross Income: 236340
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 167426
  • Number Of Units Total: 20
  • Annual Operating Expense: 68914
  • Total Actual Rent: 3600

Tax Info

  • Tax Annual Amount: 1292

MLS Schools

  • Elementary School: North Coffee Elementary
  • High School: Coffee County Central High School
  • Middle Or Junior School: Coffee County Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2024
Closed on
Dec 20, 2024
Sold by
Honorable Ventures Llc
Bought by
County Farm Homes Llc
Seller's Agent
Sheila Campbell
eXp Realty
Buyer's Agent
Sheila Campbell
eXp Realty
List Price
$1,350,000
Sold Price
$1,127,500
Premium/Discount to List
-$222,500
-16.48%
Views
42

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
6.78%

Purchase Details

Closed on
Mar 29, 2021
Sold by
Golden John W and Golden Madeline Marie
Bought by
Honorable Ventures Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 19, 2021
Sold by
Young Jason A
Bought by
Golden John W and Golden Madeline Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 16, 1987

Purchase Details

Closed on
Jan 1, 1984
Bought by
Dennis Harold G
Source: Public Records

Range of Values:

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Average Value
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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
Quit Claim Deed -- None Listed On Document
Quit Claim Deed -- None Available
Warranty Deed $540,000 Access Title & Escrow Inc
Warranty Deed $16,500 --
Warranty Deed $14,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $0 No Value Available
Closed $0 Seller Take Back
Previous Owner $150,000 Credit Line Revolving
Previous Owner $280,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2024 12/23/24 Sold $1,127,500 -16.5% $1,127,500 / Sq Ft
08/30/2024 08/30/24 Pending -- -- --
07/14/2024 07/14/24 For Sale $1,350,000 0.0% $1,350,000 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
03/21/2024 03/21/24 For Sale $1,350,000 -- $1,350,000 / 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 $614 $26,320 $17,880 $8,440
2023 $614 $26,320 $0 $0
2022 $614 $26,320 $17,880 $8,440
2021 $632 $21,560 $14,040 $7,520
2020 $632 $21,560 $14,040 $7,520
2019 $632 $21,560 $14,040 $7,520
2018 $632 $21,560 $14,040 $7,520
2017 $814 $24,960 $21,000 $3,960
2016 $814 $24,960 $21,000 $3,960
2015 $814 $24,960 $21,000 $3,960
2014 $814 $24,952 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2633514

Realtracs

APN: 057-026.00