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
  • New Construction: No
  • 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
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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

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
2025 -- $411,960 $68,000 $343,960
2024 -- $411,960 $68,000 $343,960
2023 $10,321 $411,960 $68,000 $343,960
2022 $4,331 $118,720 $17,760 $100,960
2021 $4,331 $118,720 $17,760 $100,960
2020 $4,331 $118,720 $17,760 $100,960
2019 $130,358 $118,720 $17,760 $100,960
2018 $4,331 $118,720 $17,760 $100,960
2017 $4,646 $108,440 $16,000 $92,440
2016 $4,646 $108,440 $16,000 $92,440
2015 $4,511 $108,440 $16,000 $92,440
2014 $4,511 $108,440 $16,000 $92,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2272074

Realtracs