$150,000
SOLD MAY 10, 2021

405 N 16th Ave Humboldt, TN 38343

-- Bed
-- Bath
1,962 Sq Ft
1929 Built

Recently Sold

$76 Per Sq Ft

2 Days on Market

About This Home

As of May 2021

Investment opportunity! Located in the heart of Humboldt off Main Street, this fully occupied, income-producing triplex features 1 BR/1 BA units, each with its own living room, kitchen, refrigerator, and washer and dryer hookups. Two of the units have undergone complete, high-end remodels with contemporary styling. Produces $1590/mo. Great opportunity to jump right in for passive income!

Last Agent to Sell the Property

Katie Hale

Town and Country License #321456 Listed on: 04/06/2021

Last Buyer's Agent

Dessie Hardee

RE/MAX Realty Source License #328271

RE/MAX Realty Source

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,312

Year Built

  • Built in 1929

Home Design

  • Triplex
  • Vinyl Siding

Interior Spaces

  • 1,962 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Crawl Space

Parking

  • 3 Parking Spaces
  • Covered Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Gas

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 007.00

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,312

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Age: 92
  • Class: MULTI-FAMILY
  • Type: Triplex
  • Year Built: 1929
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Number Of Stories: 2
  • Estimated Heated Sq Ft: 1962
  • Floor Coverings: Hardwood/Vinyl

Exterior Features

  • Construction: Vinyl Siding
  • Fence: No
  • Foundation: Crawl Space
  • Public Road: Yes
  • Water: Public
  • Water Type: Public

Garage/Parking

  • Number Of Parking Spaces: 3
  • Parking Facility: Covered

Utilities

  • Heating Type: Central Gas
  • Sewer: Public
  • Sewer Type: Public

Lot Info

  • Geo Update Timestamp: 4/6/2021 9:05:01 PM
  • Geo Address Line: 405 N 16th Ave
  • Geo Primary City: Humboldt
  • Geo Quality: 1
  • Geo Subdivision: TN
  • Geo Zoom Level: 16
  • Lot Size: 80x135
  • Map Number: 170
  • Parcel Number: 007.00
  • Zoned Historical: No

Rental Info

  • Tot Gross Rent Per Month: 1590
  • Utilities Paid By: All By Tenants

Multi Family

  • Number Of Units: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2023
Sold by
Jackson Robin and Jackson Marilyn
Bought by
Strong City Trust

Purchase Details

Listed on
Apr 6, 2021
Closed on
May 10, 2021
Sold by
Phillips Robert
Bought by
Jackson Robin and Jackson Marilyn
Seller's Agent
Katie Hale
Town and Country
Buyer's Agent
Dessie Hardee
RE/MAX Realty Source
List Price
$150,000
Sold Price
$150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.06%
Original Mortgage
$247,200
Interest Rate
3.1%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Sep 27, 2018
Closed on
Dec 31, 2018
Sold by
Sunburst Llc
Bought by
Phillips Robert
Seller's Agent
Katie Hale
Town and Country
Buyer's Agent
Katie Hale
Town and Country
List Price
$75,000
Sold Price
$65,000
Premium/Discount to List
-$10,000
-13.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.52%
Original Mortgage
$55,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 20, 2014
Closed on
Sep 24, 2014
Sold by
Cooke Suzie
Bought by
Sunburst Llc
Seller's Agent
James Fonville
Pritchard Realty
Buyer's Agent
William DeLoach
Pritchard Realty
List Price
$37,000
Sold Price
$33,000
Premium/Discount to List
-$4,000
-10.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.03%
Original Mortgage
$28,900
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 26, 1995
Sold by
Cooke Suzie
Bought by
Smith Danny L

Purchase Details

Closed on
Mar 7, 1995
Sold by
Roe William D
Bought by
Cooke Suzie

Purchase Details

Closed on
Nov 23, 1990
Bought by
Roe William D and Gamble Jeffry L

Purchase Details

Closed on
Nov 14, 1990
Bought by
Farmwood L P
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 Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $150,000 None Available
Warranty Deed $65,000 --
Warranty Deed $33,000 --
Deed $30,733 --
Deed $37,000 --
Warranty Deed $30,000 --
Warranty Deed $27,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $247,200 Future Advance Clause Open End Mortgage
Previous Owner $55,000 New Conventional
Previous Owner $28,900 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2025 06/18/25 For Sale $239,900 +59.9% $122 / Sq Ft
05/10/2021 05/10/21 Sold $150,000 0.0% $76 / Sq Ft
04/08/2021 04/08/21 Pending -- -- --
04/06/2021 04/06/21 For Sale $150,000 +130.8% $76 / Sq Ft
12/31/2018 12/31/18 Sold $65,000 -13.3% $33 / Sq Ft
11/14/2018 11/14/18 Pending -- -- --
09/27/2018 09/27/18 For Sale $75,000 +127.3% $38 / Sq Ft
09/10/2014 09/10/14 Sold $33,000 -10.8% $14 / Sq Ft
08/27/2014 08/27/14 Pending -- -- --
08/20/2014 08/20/14 For Sale $37,000 -- $16 / 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 $1,312 $48,440 $5,200 $43,240
2023 $347 $31,440 $3,400 $28,040
2022 $325 $31,440 $3,400 $28,040
2021 $290 $28,120 $3,400 $24,720
2020 $1,058 $28,120 $3,400 $24,720
2019 $1,058 $28,120 $3,400 $24,720
2018 $911 $22,440 $3,400 $19,040
2017 $899 $22,440 $3,400 $19,040
2016 $899 $22,440 $3,400 $19,040
2015 $892 $22,440 $3,400 $19,040
2014 $892 $22,440 $3,400 $19,040
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central West Tennessee Association of REALTORS®

MLS Number: 206399

Central West Tennessee Association of REALTORS®

APN: 170G-B-007.00