NOT LISTED FOR SALE

405 W Commerce St Loretto, TN 38469

Estimated Value: $184,847 - $220,000

3 Beds
2 Baths
1,436 Sq Ft
$138/Sq Ft Est. Value

Last Sold March 09, 2022

Last sale price $147,500 $103 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $1,109/month

7 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • Level Lot
  • No HOA

About This Home

As of March 2022

Great starter home for a great price. Come and check out this beautiful home just minutes from town. This 3 bedroom house/2 bath has a ton of potential. It has a really large yard and a nice cellar. The farmhouse has original hardwood floors, updated bathroom downstairs, attached shop, large dining area and kitchen. Make an appointment to view this home today!

Last Agent to Sell the Property

Brad Story

Keller Williams - Hood Company License #332028 Listed on: 01/26/2022

Keller Williams - Hood Company

Last Buyer's Agent

Brad Story

Keller Williams - Hood Company License #332028 Listed on: 01/26/2022

Keller Williams - Hood Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $568

Year Built

  • Built in 1945

Lot Details

  • 0.72 Acre Lot
  • Level Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,436 Sq Ft Home
  • Property has 1 Level
  • Unfinished Basement

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Parking Space
  • 1 Carport Space

Schools

  • South Lawrence Elementary
  • Loretto High School

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Hayes Subdivision

Listing and Financial Details

  • Assessor Parcel Number 151H A 02000 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$568

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1945
  • Unit Levels: One
  • Building Stories: 2
  • Year Built Details: RENOV
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Finished Wood, Laminate
  • Total Bedrooms: 3
  • Main Level Bedrooms: 2
  • Full Bathrooms: 2
  • Has Basement: Unfinished
  • Above Grade Finished Sq Ft: 1436
  • Building Area Units: Square Feet
  • Living Area: 1436
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Vinyl Siding
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1
  • Carport Y N: Yes
  • Covered Parking Spaces: 1
  • Garage Yn: No
  • Parking Features: Attached
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 0.72
  • Lot Size: 200X150/154M
  • Lot Size Units: Acres
  • Parcel #: 151H A 02000 000
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 568

MLS Schools

  • Elementary School: South Lawrence Elementary
  • High School: Loretto High School
  • Middle Or Junior School: South Lawrence Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 16, 2025
Sold by
Methvin Ray E and Methvin Sondra
Bought by
Ray And Sondra Methvin Family Living Trust and Methvin
Current Estimated Value
$198,212

Purchase Details

Listed on
Jan 26, 2022
Closed on
Mar 9, 2022
Sold by
Faith Blankenship Sabrie Bailey and Faith Colton
Bought by
Neel Russ and Neel Carley
Seller's Agent
Brad Story
Keller Williams - Hood Company
Buyer's Agent
Brad Story
Keller Williams - Hood Company
Sold Price
$147,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.02%
Original Mortgage
$146,250
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2019
Sold by
Kress Julie Anna and Estate Of William Oscar Kress
Bought by
Blankenship Sabrie Faith and Blankenship Colton Mackenzie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,152
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 18, 1958
Bought by
Kress William O and Kress Evelyn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Ray And Sondra Methvin Family Living Trust -- None Listed On Document
Ray And Sondra Methvin Family Living Trust -- None Listed On Document
Neel Russ $147,500 White & Betz
Blankenship Sabrie Faith $102,000 None Available
Kress William O -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Neel Russ $146,250
Previous Owner Blankenship Sabrie Faith $100,152
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/09/2022 03/09/22 Sold $147,500 -1.0% $103 / Sq Ft
02/01/2022 02/01/22 Pending -- -- --
01/26/2022 01/26/22 For Sale -- -- --
01/25/2022 01/25/22 For Sale $149,000 -- $104 / 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
2025 $887 $31,575 $0 $0
2024 $739 $31,575 $2,125 $29,450
2023 $739 $31,575 $2,125 $29,450
2022 $739 $31,575 $2,125 $29,450
2021 $568 $16,900 $2,125 $14,775
2020 $568 $16,900 $2,125 $14,775
2019 $568 $16,900 $2,125 $14,775
2018 $559 $16,900 $2,125 $14,775
2017 $542 $16,900 $2,125 $14,775
2016 $542 $16,900 $2,125 $14,775
2015 $495 $16,900 $2,125 $14,775
2014 $513 $17,500 $2,125 $15,375
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2348618

Realtracs

APN: 151H-A-020.00