NOT LISTED FOR SALE

405 Williams Ave Madison, TN 37115

Estimated Value: $292,000 - $378,000

4 Beds
4 Baths
1,920 Sq Ft
$180/Sq Ft Est. Value

Last Sold December 14, 2022

Last sale price $350,000 $182 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,154/month

25 Days on Market

Highlights

  • No HOA
  • Central Heating
  • Carpet
  • Cooling Available

About This Home

As of December 2022

Excellent Investment Opportunity! Two Income-Producing Properties in One Duplex. These rarely come available, there are just not enough properties like this. Privately managed & maintained in good condition. Each unit will rent for much more, current rental rates are below the average. Do not disturb the current tenants.

Last Agent to Sell the Property

Nicole Kennedy

Keller Williams Realty - Murfreesboro License #264624 Listed on: 11/11/2022

Keller Williams Realty - Murfreesboro

Last Buyer's Agent

Cindy Lockhart

Crye-Leike, Inc., REALTORS License # 217503

Crye-Leike, Inc., REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,155

Year Built

  • Built in 1983

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 200x61

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,920 Sq Ft Home
  • Property has 2 Levels

Flooring

  • Carpet
  • Laminate
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Driveway

Schools

  • Stratton Elementary School
  • Madison Middle School
  • Hunters Lane Comp High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $2,000
  • Assessor Parcel Number 04212008300

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Woodrose Subdivision

Building Details

  • Gross Income $24,000
  • Net Operating Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,155

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1983
  • Inclusions: APPLN
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Duplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Laminate, Vinyl
  • Above Grade Finished Sq Ft: 1920
  • Building Area Units: Square Feet
  • Living Area: 1920
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Brick, Vinyl Siding
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 4
  • Parking Features: Driveway
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Individual

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: R10
  • Lot Size Acres: 0.28
  • Lot Size: 200x61
  • Lot Size Units: Acres
  • Parcel #: 04212008300
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 24000
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 24000
  • Number Of Units Total: 2
  • Total Actual Rent: 2000

Tax Info

  • Tax Annual Amount: 3155

MLS Schools

  • Elementary School: Stratton Elementary
  • High School: Hunters Lane Comp High School
  • Middle Or Junior School: Madison School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2022
Closed on
Dec 13, 2022
Sold by
Dine Adeola J and Dine Grace T
Bought by
Hope Investments Llc
Seller's Agent
Nicole Kennedy
Keller Williams Realty - Murfreesboro
Buyer's Agent
Cindy Lockhart
Crye-Leike, Inc., REALTORS
List Price
$415,000
Sold Price
$350,000
Premium/Discount to List
-$65,000
-15.66%
Views
25
Current Estimated Value
$345,909

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,091
Avg. Annual Appreciation
1.97%

Purchase Details

Closed on
Oct 10, 2007
Sold by
Wagner Christopher and Wagner Lyla R
Bought by
Ibine Adeola J and Ibine Grace T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
6.26%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 28, 2005
Sold by
Camarena Mary R and Camarena Oscar A
Bought by
Wagner Christopher and Wagner Lyla R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
5.59%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 17, 2004
Sold by
Beasley John C and Beasley Carol Anne
Bought by
Camarena Oscar A and Camarena Mary R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,700
Interest Rate
5.63%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 8, 1999
Sold by
Beasley John C
Bought by
Beasley John C and Beasley Carol Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,400
Interest Rate
6.85%

Purchase Details

Closed on
Jan 21, 1997
Sold by
Moreland Casey E
Bought by
Beasley John C
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
Hope Investments Llc $350,000 Momentum Title
Ibine Adeola J $135,000 None Available
Wagner Christopher $120,000 Advantage Title & Escrow
Camarena Oscar A $103,000 Amtitle & Escrow Llc
Beasley John C -- --
Beasley John C $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ibine Adeola J $119,500
Previous Owner Ibine Adeola J $121,500
Previous Owner Wagner Christopher $96,000
Previous Owner Camarena Oscar A $92,700
Previous Owner Beasley John C $92,600
Previous Owner Beasley John C $35,700
Previous Owner Doyle Bryant S $35,700
Previous Owner Beasley John C $54,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2022 12/14/22 Sold $350,000 -15.7% $182 / Sq Ft
12/06/2022 12/06/22 Pending -- -- --
11/19/2022 11/19/22 Price Changed $415,000 -0.2% $216 / Sq Ft
11/18/2022 11/18/22 Price Changed $416,000 +0.2% $217 / Sq Ft
11/11/2022 11/11/22 For Sale $415,000 -- $216 / 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 $3,123 $95,960 $22,000 $73,960
2023 $3,123 $95,960 $22,000 $73,960
2022 $3,123 $95,960 $22,000 $73,960
2021 $3,155 $95,960 $22,000 $73,960
2020 $2,482 $58,800 $11,800 $47,000
2019 $1,855 $58,800 $11,800 $47,000
2018 $1,855 $58,800 $11,800 $47,000
2017 $1,855 $58,800 $11,800 $47,000
2016 $1,780 $45,360 $9,600 $35,760
2015 $1,780 $45,360 $9,600 $35,760
2014 $1,780 $45,360 $9,600 $35,760
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2458092

Realtracs

APN: 042-12-0-083