NOT LISTED FOR SALE

401 Madison St Manchester, TN 37355

Estimated Value: $190,000 - $253,927

-- Bed
3 Baths
1,894 Sq Ft
$117/Sq Ft Est. Value

Last Sold July 19, 2023

Last sale price $180,000 $95 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $1,416/month

253 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • No HOA
  • Accessible Approach with Ramp

About This Home

As of July 2023

Gorgeous Triplex with a great location! Located in the heart of Manchester this is the perfect investment property. Three units, two downstairs units are 1 bed 1 bath, upstairs unit is 2 bed 1 bath. One downstairs unit has been freshly remodeled and the upstairs unit was recently freshened up. All units are on separate electric meters. Water is on one meter. Handicap accessible ramp on right downstairs unit. Sold As Is.

Last Agent to Sell the Property

Kelsi Griffin

BHGRE Baker & Cole License #365634 Listed on: 08/21/2022

Last Buyer's Agent

Patrick Smith

LPT Realty LLC License #336632

LPT Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $947

Year Built

  • Built in 1935

Lot Details

  • 4,792 Sq Ft Lot
  • Lot Dimensions are 60x85

Home Design

  • Triplex
  • Metal Roof
  • Stucco

Interior Spaces

  • 1,894 Sq Ft Home
  • Property has 1 Level

Flooring

  • Wood
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Gravel Driveway

Accessible Home Design

  • Accessible Approach with Ramp

Schools

  • College Street Elementary School
  • Westwood Jr High Middle School
  • Coffee Co Central High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Listing and Financial Details

  • Total Actual Rent $2,250
  • The owner pays for electricity, water
  • Assessor Parcel Number 076H J 01700 000

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Operating Expense $1,000
  • Gross Income $9,000
  • Net Operating Income $8,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$947

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1935
  • Inclusions: APPLN
  • Unit Levels: One
  • Building Stories: 2
  • Structure Type: Triplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Accessibility Features: Accessible Approach with Ramp
  • Fireplace: No
  • Flooring: Finished Wood, Vinyl
  • Above Grade Finished Sq Ft: 1894
  • Building Area Units: Square Feet
  • Living Area: 1894
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Stucco
  • Pool Private: No
  • Roof: Metal
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 4
  • Parking Features: Driveway, Gravel
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes
  • Laundry Features: None

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: Commercial
  • Lot Size Acres: 0.11
  • Lot Size: 60X85
  • Lot Size Units: Acres
  • Parcel #: 076H J 01700 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Electricity, Water

Multi Family

  • Gross Income: 9000
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 8000
  • Number Of Units Total: 3
  • Annual Operating Expense: 1000
  • Total Actual Rent: 2250

Tax Info

  • Tax Annual Amount: 947

MLS Schools

  • Elementary School: College Street Elementary
  • High School: Coffee Co Central High School
  • Middle Or Junior School: Westwood Jr High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2022
Closed on
Jul 19, 2023
Sold by
Young Christopher R
Bought by
Shasha Rentals Llc
Seller's Agent
Kelsi Griffin
BHGRE Baker & Cole
Buyer's Agent
Patrick Smith
LPT Realty LLC
List Price
$189,000
Sold Price
$180,000
Premium/Discount to List
-$9,000
-4.76%
Views
164
Current Estimated Value
$221,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,642
Avg. Annual Appreciation
9.26%

Purchase Details

Closed on
Nov 9, 2016
Sold by
Young Raymond P
Bought by
Young Raymond P and Young Christopher Young

Purchase Details

Closed on
Oct 1, 2010
Bought by
Coffee County Bank

Purchase Details

Closed on
Jul 29, 2005
Bought by
Holmes Darrick Heidi
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Shasha Rentals Llc $180,000 Bell & Alexander Title Service
Young Raymond P -- --
Coffee County Bank $74,600 --
Holmes Darrick Heidi $33,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Holmes Darrick Heidi $53,407
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/19/2023 07/19/23 Sold $180,000 -4.8% $95 / Sq Ft
05/02/2023 05/02/23 Pending -- -- --
04/18/2023 04/18/23 For Sale $189,000 0.0% $100 / Sq Ft
04/10/2023 04/10/23 Pending -- -- --
04/05/2023 04/05/23 For Sale $189,000 0.0% $100 / Sq Ft
03/27/2023 03/27/23 Pending -- -- --
03/25/2023 03/25/23 Price Changed $189,000 -17.5% $100 / Sq Ft
03/09/2023 03/09/23 For Sale $229,000 +27.2% $121 / Sq Ft
03/01/2023 03/01/23 Off Market $180,000 -- --
10/29/2022 10/29/22 Price Changed $229,000 -4.2% $121 / Sq Ft
10/25/2022 10/25/22 For Sale $239,000 0.0% $126 / Sq Ft
10/14/2022 10/14/22 Pending -- -- --
10/09/2022 10/09/22 Price Changed $239,000 -0.4% $126 / Sq Ft
10/03/2022 10/03/22 Price Changed $240,000 -7.7% $127 / Sq Ft
09/13/2022 09/13/22 Price Changed $259,900 -3.7% $137 / Sq Ft
09/05/2022 09/05/22 Price Changed $269,900 -3.6% $143 / Sq Ft
08/21/2022 08/21/22 For Sale $279,995 +308.8% $148 / Sq Ft
12/17/2018 12/17/18 Off Market $68,500 -- --
11/29/2018 11/29/18 For Sale $36,900 -46.1% $16 / Sq Ft
11/29/2018 11/29/18 Off Market $68,500 -- --
07/01/2018 07/01/18 For Sale $36,900 -46.1% $16 / Sq Ft
07/01/2018 07/01/18 Off Market $68,500 -- --
05/16/2018 05/16/18 Price Changed $36,900 +12.2% $16 / Sq Ft
05/01/2018 05/01/18 For Sale $32,900 -52.0% $14 / Sq Ft
05/01/2018 05/01/18 Off Market $68,500 -- --
10/31/2017 10/31/17 For Sale $32,900 -52.0% $14 / Sq Ft
10/31/2017 10/31/17 Off Market $68,500 -- --
05/16/2017 05/16/17 For Sale $32,900 -52.0% $14 / Sq Ft
12/31/2014 12/31/14 Sold $68,500 -- $29 / Sq Ft View Prior Sale
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 $2,962 $70,280 $3,640 $66,640
2023 $1,730 $41,040 $0 $0
2022 $890 $24,520 $3,640 $20,880
2021 $947 $20,680 $2,800 $17,880
2020 $947 $20,680 $2,800 $17,880
2019 $947 $20,680 $2,800 $17,880
2018 $947 $20,680 $2,800 $17,880
2017 $931 $17,760 $2,800 $14,960
2016 $931 $17,760 $2,800 $14,960
2015 $932 $17,760 $2,800 $14,960
2014 $928 $17,698 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2430006

Realtracs

APN: 076H-J-017.00