NOT LISTED FOR SALE

404 25e Highway Old Castalian Springs, TN 37031

Estimated Value: $248,000 - $333,595

-- Bed
3 Baths
2,240 Sq Ft
$130/Sq Ft Est. Value

Last Sold May 02, 2017

Last sale price $130,000 $58 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $1,747/month

29 Days on Market

Highlights

  • Cooling Available
  • Central Heating
  • Carpet

About This Home

As of May 2017

2 Story Duplex; 2 bdrm/1.5 bths; Kitchen,living/dining combo. Washer/dryer hookups. Great community 2240 Sq ft on .93 acres. Needs face-lift..paint,carpet etc Long time tenant in one side but both sides currently rented.

Last Agent to Sell the Property

Daniel Reeder

Reeder Enterprises License # 316338 Listed on: 02/13/2017

Co-Listed By

Kelsey Hauser

Last Buyer's Agent

Joe Staub

Vision Realty Partners, LLC License # 316841

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $945

Year Built

  • Built in 1977

Lot Details

  • 0.93 Acre Lot

Parking

  • 2 Parking Spaces

Home Design

  • Metal Roof
  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • 2,240 Sq Ft Home
  • Property has 1 Level

Flooring

  • Carpet
  • Vinyl

Schools

  • Benny C. Bills Elementary School
  • Joe Shafer Middle School
  • Gallatin Sr Hi High School

Utilities

  • Cooling Available
  • Central Heating
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $1,450
  • The owner pays for water
  • Assessor Parcel Number 083110 06201 00001110

Community Details

Overview

  • 2 Units
  • Frances Delois Powell Subdivision

Building Details

  • Operating Expense $600
  • Gross Income $17,400
  • Net Operating Income $16,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$945

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1977
  • Inclusions: APPLN
  • Unit Levels: One
  • Building Stories: 2
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Above Grade Finished Sq Ft: 2240
  • Building Area Units: Square Feet
  • Living Area: 2240
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Total Parking Spaces: 2

Utilities

  • Sewer: Septic Tank
  • Water Source: Private
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association #2 Fee Frequency: One Time

Lot Info

  • Zoning: Commercial
  • Lot Size Acres: 0.93
  • Lot Size: .93
  • Lot Size Units: Acres
  • Parcel #: 083110 06201 00001110
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water
  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 17400
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 16800
  • Number Of Units Total: 2
  • Annual Operating Expense: 600
  • Total Actual Rent: 1450

Tax Info

  • Tax Annual Amount: 945

MLS Schools

  • Elementary School: Benny C. Bills Elementary School
  • High School: Gallatin Sr Hi
  • Middle Or Junior School: Joe Shafer Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2017
Closed on
Jun 9, 2017
Sold by
Alpha Delta Properties Llc
Bought by
Wright Robert R and Wright Tasha R
Seller's Agent
Daniel Reeder
Reeder Enterprises
Buyer's Agent
Joe Staub
Vision Realty Partners, LLC
List Price
$134,900
Sold Price
$130,000
Premium/Discount to List
-$4,900
-3.63%
Current Estimated Value
$290,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,464
Avg. Annual Appreciation
10.18%
Original Mortgage
$97,500
Interest Rate
4.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2016
Sold by
Irwin David Kyle and Walker Alexander
Bought by
Alpha Delta Properties Llc

Purchase Details

Closed on
Jan 15, 2016
Sold by
Simpson Jacob W and Simpson Gina
Bought by
Irwin David Kyle and Walker Alexander

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,200
Interest Rate
3.99%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 9, 2006
Sold by
Guernsey Mary E and Emerick Martin V
Bought by
Simpson Jacob W and Simpson Gina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,000
Interest Rate
6.51%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 19, 2005
Sold by
Powell Frances Delois
Bought by
Emerick Edith and Guernsey Mary E
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
Wright Robert R $30,000 Foundation Title And Escrow
Alpha Delta Properties Llc -- None Available
Irwin David Kyle $95,000 Tennessee Title Services Llc
Simpson Jacob W $127,000 Cumberland Title
Emerick Edith $137,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wright Robert Russell $148,500
Closed Wright Robet Russell $140,000
Closed Wright Robert R $97,500
Previous Owner Irwin David Kyle $99,200
Previous Owner Walker Alexander $0
Previous Owner Simpson Jacob W $146,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2017 05/02/17 Sold $130,000 -3.6% $58 / Sq Ft
03/14/2017 03/14/17 Pending -- -- --
02/13/2017 02/13/17 For Sale $134,900 -- $60 / 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 $1,709 $120,280 $23,440 $96,840
2023 $1,219 $54,120 $8,600 $45,520
2022 $1,224 $54,120 $8,600 $45,520
2021 $1,224 $54,120 $8,600 $45,520
2020 $1,224 $54,120 $8,600 $45,520
2019 $1,224 $0 $0 $0
2018 $945 $0 $0 $0
2017 $945 $0 $0 $0
2016 $945 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 1800721

Realtracs

APN: 110-062.01