$65,000
SOLD APR 16, 2025

4015 Salem St Unit 4017 Milan, TN 38358

3 Beds
1 Bath
1,504 Sq Ft
1.21 Acres

Recently Sold

$43 Per Sq Ft

43% Below List Price

72 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Wood Frame Window
  • Main Floor Bedroom
  • Covered Patio or Porch
  • Window Unit Cooling System

About This Home

As of April 2025

This 3-bedroom, 1-bath, 1,504 sq ft home sits on a spacious 1.21-acre lot, offering great potential for investors. Located in a desirable area close to schools, this property is perfect for a fix-and-flip project or as a valuable addition to your rental portfolio. While it does need work, the large lot and solid structure provide an excellent foundation to maximize your return. Don't miss out on this investment opportunity in a small-town market!

Last Agent to Sell the Property

Adam Arnold

L A Realty,LLC License #373650 Listed on: 02/01/2025

Last Buyer's Agent

Adam Arnold

L A Realty,LLC License #373650 Listed on: 02/01/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $721

Year Built

  • Built in 1929

Lot Details

  • 1.21 Acre Lot
  • Lot Dimensions are 253x320x156x210
  • Level Lot
  • Zoning described as Single Family Residential

Home Design

  • Brick Exterior Construction
  • Raised Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,504 Sq Ft Home
  • 1-Story Property
  • Wood Frame Window
  • Living Room
  • Dining Room

Kitchen

  • Electric Oven
  • Dishwasher

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 1 Full Bathroom
  • Bathtub with Shower

Parking

  • 2 Parking Spaces
  • Gravel Driveway

Outdoor Features

  • Covered Patio or Porch
  • Rain Gutters

Utilities

  • Window Unit Cooling System
  • Floor Furnace
  • Space Heater
  • Well
  • Electric Water Heater

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 123 040.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$721

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Year Built: 1929
  • Property Sub-Type: Single Family Residence
  • PropertyType: Residential
  • Reso Fencing: None
  • ResoLotFeatures: Level
  • Lot Size Acres: 1.21
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt
  • Co List Office Phone: 731-686-9899
  • MLS Status: Closed
  • Subdivision Name: None
  • Unit Levels: One
  • New Construction: No
  • Reso Window Features: Wood Frames
  • Location Tax and Legal:Tax Annual Amount: 721.15
  • Location Tax and Legal Parcel Number2: 123 040.00
  • General Property Information Accessibility Features YN2: No
  • General Property Information Lot Size Acres: 1.21
  • General Property Information Lot Size Dimensions: 253x320x156x210
  • General Property Information New Construction YN: No
  • Location Tax and Legal Zoning Description2: Single Family Residential
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information:Land Lease YN2: No
  • General Property Information Basement YN: No
  • General Property Information:Stories Total: 1
  • General Property Information Accessory Dwelling Unit YN: No
  • Currently Not Used Association YN: No
  • Currently Not Used Cooling YN: Yes
  • Flooring:Vinyl: Yes
  • Levels:One: Yes
  • Main Room Levels Main Level Bathrooms: 1
  • Main Room Levels Main Level Bedrooms: 3
  • Room Types Living Room2: Yes
  • Currently Not Used Heating YN: Yes
  • Flooring Wood: Yes
  • Interior Features Tub Shower Combo: Yes
  • Room Types Bedroom Level: Main
  • Room Types Dining Room2: Yes
  • Room Types Primary Bedroom Level: Main
  • Roof:Composition: Yes
  • Foundation Details Raised: Yes
  • Water Source:Well: Yes
  • General Property Information Home Warranty YN: No
  • Cooling:Window Unit(s): Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Interior Amenities: Tub Shower Combo
  • Appliances: Dishwasher, Electric Oven, Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Flooring: Vinyl, Wood
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 3
  • Stories: 1
  • ResoLivingAreaSource: Assessor
  • Appliances Dishwasher: Yes
  • Appliances:Electric Water Heater: Yes
  • Appliances:Electric Oven: Yes

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Construction Type: Brick, Wood Siding
  • Exterior Features: Rain Gutters
  • Foundation Details: Raised
  • Patio And Porch Features: Covered, Front Porch
  • Construction Materials:Brick: Yes
  • Exterior Features:Rain Gutters: Yes
  • Patio And Porch Features:Front Porch: Yes
  • Patio And Porch Features:Covered2: Yes
  • Window Features:Wood Frames: Yes
  • Construction Materials:Wood Siding: Yes
  • Lot Features:Level: Yes

Garage/Parking

  • Attached Garage: No
  • Attached Garage: No
  • Parking Features: Gravel
  • Total Parking Spaces: 2.0
  • General Property Information:Garage YN: No
  • General Property Information:Parking Total: 2.0
  • Parking Features:Gravel: Yes

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Floor Furnace, Space Heater
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Floor Furnace: Yes
  • Heating:Space Heater: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 123 040.00
  • Land Lease: No
  • Lot Dimensions: 253x320x156x210
  • Lot Size Sq Ft: 52707.6
  • ResoLotSizeUnits: Acres
  • Zoning Description: Single Family Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 721.15
  • Tax Book Number: 1086

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2025
Closed on
Apr 15, 2025
Sold by
Kta Associates Llc
Bought by
Arnold Josh
Seller's Agent
Adam Arnold
L A Realty,LLC
Buyer's Agent
Adam Arnold
L A Realty,LLC
List Price
$115,000
Sold Price
$65,000
Premium/Discount to List
-$50,000
-43.48%
Views
23
Current Estimated Value
$118,957

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,957
Avg. Annual Appreciation
261.79%

Purchase Details

Closed on
Oct 10, 2022
Sold by
Namrow Gregory and Namrow Kathryn
Bought by
Kta Associates Llc

Purchase Details

Closed on
Jan 13, 2022
Sold by
Gregory Namrow
Bought by
Namrow Gregory and Namrow Kathryn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,750
Interest Rate
3.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 15, 2018
Sold by
Scovell Huey Walker
Bought by
Namrow Greg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,800
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2013
Sold by
Cole Charles W
Bought by
Huey Walker Scovell and Arnold Joshua Lynn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$33,000
Interest Rate
3.39%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 1, 2006
Sold by
Cole Lou Erin
Bought by
State Of Tennessee

Purchase Details

Closed on
Feb 7, 1994
Bought by
Cole Lou Erin

Purchase Details

Closed on
May 28, 1966
Bought by
Cole Raymond and Cole Lou
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
Warranty Deed $65,000 None Listed On Document
Quit Claim Deed -- --
Warranty Deed -- Everton & Maschmeyer Pllc
Warranty Deed $63,500 --
Warranty Deed $33,000 --
Deed $875 --
Warranty Deed $10,800 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $78,750 New Conventional
Previous Owner $50,800 New Conventional
Previous Owner $33,000 Commercial
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2025 04/16/25 Sold $65,000 -13.3% $43 / Sq Ft
02/27/2025 02/27/25 Pending -- -- --
02/20/2025 02/20/25 Price Changed $75,000 -34.8% $50 / Sq Ft
02/01/2025 02/01/25 For Sale $115,000 0.0% $76 / Sq Ft
01/22/2025 01/22/25 Pending -- -- --
12/17/2024 12/17/24 For Sale $115,000 -- $76 / 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 $862 $24,500 $6,350 $18,150
2023 $483 $14,825 $2,925 $11,900
2022 $473 $14,825 $2,925 $11,900
2021 $484 $14,825 $2,925 $11,900
2020 $722 $14,850 $2,925 $11,925
2019 $722 $14,850 $2,925 $11,925
2018 $535 $11,900 $3,075 $8,825
2017 $529 $11,900 $3,075 $8,825
2016 $529 $11,900 $3,075 $8,825
2015 $507 $11,900 $3,075 $8,825
2014 $507 $11,900 $3,075 $8,825
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central West Tennessee Association of REALTORS®

MLS Number: 247653

Central West Tennessee Association of REALTORS®

APN: 123-040.00