NOT LISTED FOR SALE

404 Hobbs Ave Lebanon, TN 37087

Estimated Value: $169,000 - $659,000

0.27 Acre
$1,254,322 Price per Acre
11,761 Sq Ft Lot

Last Sold July 02, 2021

Last sale price $125,000 $155 Per Sq Ft

Est. 151% increase in value since last sale

Current estimated payment $1,725/month

274 Days on Market

Highlights

  • City View
  • Park
  • Paved or Partially Paved Lot
  • No HOA
  • Trails
  • No Heating

About This Lot

As of July 2021

ATTENTION INVESTORS AND DEVELOPERS! Two parcels being sold as one. Corner lot consisting of Approx .27 acres Zoned R2 located within walking distance of Cumberland University and Lebanon Square. Convenient to I-40 and all historical downtown Lebanon amenities and attractions. Prime location for multi-family dwelling such as duplex or single family home site.

Last Agent to Sell the Property

Donna Knight

Keller Williams Realty Mt. Juliet Brokerage Phone: 6158040833 License # 324664 Listed on: 09/04/2020

Keller Williams Realty Mt. Juliet

Last Buyer's Agent

Sara Gooch

Pilkerton Realtors License # 340554

Pilkerton Realtors

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $138

Lot Details

  • 0.27 Acre Lot
  • Paved or Partially Paved Lot
  • Level Lot
  • Property is zoned R2

Property Views

  • City Views

Schools

  • Byars Dowdy Elementary School
  • Winfree Bryant Middle School
  • Lebanon High School

Listing and Financial Details

  • Assessor Parcel Number 068N C 00600 000

Community Details

Overview

  • No Home Owners Association

Recreation

  • Park
  • Trails

Property Details

Property Type

Land

Est. Annual Taxes

$138

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Inclusions: LAND
  • ResoPropertyType: Land
  • Attribution Contact: 6158040833
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Pool Private: No
  • Road Frontage Type: City Street
  • Road Surface Type: Asphalt, Paved
  • Topography: LEVEL
  • View: City
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Attached Garage: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: No
  • Utilities: Water Available

Condo/Co-op/Association

  • Amenities: Park, Trail(s)
  • Association: No

Lot Info

  • Zoning: R2
  • Current Use: Residential
  • Lot Features: Level
  • Lot Size Acres: 0.27
  • Lot Size: 85 X 92 IRR
  • Lot Size Units: Acres
  • Parcel #: 068N C 00600 000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 91

MLS Schools

  • Elementary School: Byars Dowdy Elementary
  • High School: Lebanon High School
  • Middle Or Junior School: Winfree Bryant Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2023
Sold by
Cherry James Randell
Bought by
12 Stones Developments Corp
Current Estimated Value
$314,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,000
Outstanding Balance
$358,625
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
-$14,292

Purchase Details

Listed on
Sep 4, 2020
Closed on
Jul 2, 2021
Sold by
Vitalle Donald Anthony
Bought by
Cherry James Randell
Seller's Agent
Donna Knight
Keller Williams Realty Mt. Juliet
Buyer's Agent
Sara Gooch
Pilkerton Realtors
List Price
$135,000
Sold Price
$125,000
Premium/Discount to List
-$10,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
27.81%
Original Mortgage
$99,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 27, 2019
Sold by
Music City Financial Llc
Bought by
Vitalle Donald Anthony

Purchase Details

Closed on
Jul 17, 2019
Sold by
Majors Ke Mario
Bought by
Williams Dylan

Purchase Details

Closed on
May 31, 2017
Sold by
Rhodes Henrietta Hill
Bought by
Majors Kemario

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2016
Sold by
Rhodes Johnny Lee
Bought by
Rhodes Henrietta Hill

Purchase Details

Closed on
Apr 3, 1995
Bought by
Rhodes Johnny Lee

Purchase Details

Closed on
Apr 2, 1995
Bought by
Rhodes Gussie M

Purchase Details

Closed on
Sep 18, 1979
Bought by
Rhodes Johnny Lee
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
12 Stones Developments Corp $130,000 Providence Title
Cherry James Randell $125,000 Stewart Title Co Tn Div
Vitalle Donald Anthony $71,000 Providence Title Llc
Music City Financial Llc $65,000 None Available
Williams Dylan $15,000 None Available
Majors Kemario $10,000 None Available
Rhodes Henrietta Hill -- --
Rhodes Johnny Lee $8,000 --
Rhodes Gussie M $8,000 --
Rhodes Johnny Lee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 12 Stones Developments Corp $365,000
Closed 12 Stones Developments Corp $360,000
Previous Owner Cherry James Randell $99,000
Previous Owner Majors Kemario $10,000
Previous Owner Johnny Rhodes $34,138
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2021 07/02/21 Sold $125,000 -7.4% $155 / Sq Ft
06/05/2021 06/05/21 Pending -- -- --
09/04/2020 09/04/20 For Sale $135,000 -- $168 / 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 $138 $6,250 $6,250 --
2022 $181 $6,250 $6,250 $0
2021 $181 $6,250 $6,250 $0
2020 $91 $6,250 $6,250 $0
2019 $21 $2,425 $2,425 $0
2018 $85 $2,425 $2,425 $0
2017 $374 $10,625 $2,425 $8,200
2016 $374 $10,625 $2,425 $8,200
2015 $385 $10,625 $2,425 $8,200
2014 $319 $8,780 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2186472

Realtracs

APN: 068N-C-006.00