NOT LISTED FOR SALE

392 E Main St Bells, TN 38006

Estimated Value: $225,000 - $281,000

-- Bed
-- Bath
6,720 Sq Ft
$36/Sq Ft Est. Value

Last Sold October 21, 2022

Last sale price $255,000 $38 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,667/month

16 Days on Market

About This Home

As of October 2022

Looking for solid rental income? Have a 1031 Exchange you need a property for? You have found it here. Contact the listing agent for more info and to set up possible showing.

Last Agent to Sell the Property

Tony Neihoff

RE/MAX Realty Source License #303762 Listed on: 08/11/2022

RE/MAX Realty Source

Last Buyer's Agent

NON-MEMBER

RETS Vendor

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2001

Lot Details

  • 0.59 Acre Lot

Parking

  • 20 Parking Spaces

Interior Spaces

  • 6,720 Sq Ft Home
  • 1-Story Property

Community Details

  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 089F B 020.06

Property Details

Home Type

Multi-Family

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Age: 21
  • Class: MULTI-FAMILY
  • Type: UPDATE
  • Year Built: 2001
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Number Of Stories: 1
  • Estimated Heated Sq Ft: 6720

Exterior Features

  • Water: Public

Garage/Parking

  • Number Of Parking Spaces: 20

Utilities

  • Sewer: Public

Lot Info

  • Geo Update Timestamp: 8/11/2022 7:06:52 PM
  • Geo Address Line: 392 E Main St
  • Geo Primary City: Bells
  • Geo Quality: 0.95
  • Geo Subdivision: TN
  • Geo Zoom Level: 16
  • Lot Size: .59 acre
  • Map Number: 089F
  • Number Of Acres: 0.59
  • Parcel Number: 089F B 020.06

Rental Info

  • Tot Gross Rent Per Month: 3800

Multi Family

  • Number Of Units: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2022
Closed on
Oct 20, 2022
Sold by
Phoenix Investments Gp
Bought by
Isaacs Chris
Seller's Agent
Tony Neihoff
RE/MAX Realty Source
Buyer's Agent
NON-MEMBER
RETS Vendor
List Price
$229,900
Sold Price
$255,000
Premium/Discount to List
$25,100
10.92%
Current Estimated Value
$244,780

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,220
Avg. Annual Appreciation
-1.42%
Original Mortgage
$190,000
Outstanding Balance
$93,380
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$151,400

Purchase Details

Closed on
Dec 31, 2010
Sold by
Ellis Jon
Bought by
Phoenix Investments Gp

Purchase Details

Closed on
May 4, 2010
Bought by
I2 Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
5.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2009
Bought by
D & L Investments Llc

Purchase Details

Closed on
Jan 2, 2009
Sold by
Campbell James T
Bought by
First South Bank

Purchase Details

Closed on
Mar 18, 1989
Bought by
Lovelace James C

Purchase Details

Closed on
Sep 27, 1980
Bought by
Dillion William L Jr Janie D

Purchase Details

Closed on
Aug 21, 1978

Purchase Details

Closed on
Jul 13, 1977
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
Isaacs Chris -- --
Phoenix Investments Gp -- --
Ellis Jon -- --
I2 Properties Inc $220,000 --
D & L Investments Llc $344,700 --
First South Bank $188,000 --
Lovelace James C $2,500 --
Dillion William L Jr Janie D $2,500 --
-- -- --
-- -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Isaacs Chris $190,000
Previous Owner Phoenix Investments $1,200,000
Previous Owner Phoenix Investments $2,399,500
Previous Owner I2 Properties Inc $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2022 10/21/22 Sold $255,000 +10.9% $38 / Sq Ft
08/27/2022 08/27/22 Pending -- -- --
08/26/2022 08/26/22 For Sale $229,900 0.0% $34 / Sq Ft
08/12/2022 08/12/22 Pending -- -- --
08/11/2022 08/11/22 For Sale $229,900 -- $34 / 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 -- $102,000 $3,680 $98,320
2023 $4,121 $102,000 $3,680 $98,320
2022 $4,121 $124,760 $3,680 $121,080
2021 $3,759 $94,440 $0 $94,440
2020 $1,527 $59,025 $0 $59,025
2019 $2,349 $59,025 $0 $59,025
2018 $2,349 $59,025 $0 $59,025
2017 $2,349 $59,025 $0 $59,025
2016 $2,349 $59,025 $0 $59,025
2015 $2,490 $59,025 $0 $59,025
2014 $2,490 $62,559 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central West Tennessee Association of REALTORS®

MLS Number: 223794

Central West Tennessee Association of REALTORS®

APN: 089F-B-020.06