NOT LISTED FOR SALE

405 Locust St Springfield, TN 37172

8 Beds
4 Baths
8,508 Sq Ft
0.41 Acres

Last Sold January 21, 2022

Last sale price $1,000,000 $118 Per Sq Ft

128 Days on Market

Highlights

  • No HOA
  • Carpet
  • Heating System Uses Natural Gas
  • Cooling Available

About This Home

As of January 2022

Spacious, recently renovated unit in the heart of downtown Springfield, TN! Two bedrooms, one bathroom, new flooring, washer/dryer, new counter tops and fixtures!! Air Conditioning and Heat. Walk to shops and restaurants, 20-25 minute commute to downtown Nashville! Really nicely maintained project with new landscaping and exterior paint coming soon! Ample surface lot parking and quiet living environment.

Last Agent to Sell the Property

Martie Burnett

EXP Realty License # 295804 Listed on: 07/09/2021

EXP Realty

Co-Listed By

Matt Burnett

EXP Realty License # 293219

EXP Realty

Last Buyer's Agent

Matt Burnett

EXP Realty License # 293219

EXP Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,331

Year Built

  • Built in 1920

Lot Details

  • 0.41 Acre Lot

Parking

  • Driveway

Home Design

  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • 8,508 Sq Ft Home
  • Property has 2 Levels

Flooring

  • Carpet
  • Vinyl

Schools

  • Cheatham Park Elementary School
  • Springfield Middle School
  • Springfield High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $3,200
  • Assessor Parcel Number 080G D 03800 000

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Operating Expense $17,488
  • Gross Income $71,230
  • Net Operating Income $53,742

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,331

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1920
  • Inclusions: NEGOT
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Above Grade Finished Sq Ft: 8508
  • Building Area Units: Square Feet
  • Living Area: 8508
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Brick
  • Pool Private: No
  • Roof: Asphalt
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Asphalt

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: Res
  • Lot Size Acres: 0.41
  • Lot Size: 106MX163.5 IRR
  • Lot Size Units: Acres
  • Parcel #: 080G D 03800 000
  • Property Attached Yn: No

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 71230
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 53742
  • Number Of Units Total: 8
  • Annual Operating Expense: 17488
  • Total Actual Rent: 3200

Tax Info

  • Tax Annual Amount: 4331

MLS Schools

  • Elementary School: Cheatham Park Elementary
  • High School: Springfield High School
  • Middle Or Junior School: Springfield Middle School

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2023 08/07/23 For Rent $1,300 0.0% --
07/13/2023 07/13/23 For Rent $1,300 0.0% --
06/14/2023 06/14/23 For Rent $1,300 0.0% --
06/01/2023 06/01/23 For Rent $1,300 0.0% --
01/21/2022 01/21/22 Sold $1,000,000 -9.1% $118 / Sq Ft
11/15/2021 11/15/21 Pending -- -- --
07/09/2021 07/09/21 For Sale $1,100,000 -- $129 / Sq Ft
Source: Realtracs

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Realtracs

MLS Number: 2272074

Realtracs