NOT LISTED FOR SALE

413 W Church St Lewisburg, TN 37091

Estimated Value: $190,000 - $227,000

5 Beds
2 Baths
2,445 Sq Ft
$86/Sq Ft Est. Value

Last Sold November 15, 2023

Last sale price $200,000 $82 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,271/month

94 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Carpet
  • Oak Grove Elementary School Rated A
  • Central Heating
  • Property has 1 Level

About This Home

As of November 2023

GREAT INVESMTMENT PROPERTY!! 3 Br 1 Bath & 2 BR 1 Bath both with 7-year-old HVAC Units, Roof, and siding. Long term tenants with great income potential. Great location and close to downtown.

Last Agent to Sell the Property

Jason Terry

Impact Realty Brokerage Phone: 9319938263 License #319625 Listed on: 07/07/2023

Last Buyer's Agent

Jacob Zimmerle

Benchmark Realty, LLC License #342494

Benchmark Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,566

Year Built

  • Built in 1900

Lot Details

  • 0.39

Home Design

  • Duplex
  • Frame Construction
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,445 Sq Ft Home
  • Property has 1 Level

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Bathrooms

Schools

  • Marshall Elementary School
  • Lewisburg Middle School
  • Marshall Co High School

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $2,050
  • The owner pays for water
  • Assessor Parcel Number 064I H 00800 000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $1,080
  • Gross Income $24,600
  • Net Operating Income $23,520

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,566

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1900
  • Inclusions: NOFUR
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: 9319938263
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Total Bedrooms: 5
  • Above Grade Finished Sq Ft: 2445
  • Building Area Units: Square Feet
  • Living Area: 2445
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Frame, Vinyl Siding
  • Pool Private: No
  • Roof: Asphalt
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Natural Gas
  • Heating Yn: Yes
  • Laundry Features: Individual
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: R3
  • Lot Size: 145X118 IRR
  • Lot Size Units: Acres
  • Parcel #: 064I H 00800 000
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Water

Multi Family

  • Gross Income: 24600
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 23520
  • Number Of Units Total: 2
  • Annual Operating Expense: 1080
  • Total Actual Rent: 2050

Tax Info

  • Tax Annual Amount: 1566

MLS Schools

  • Elementary School: Marshall Elementary
  • High School: Marshall Co High School
  • Middle Or Junior School: Lewisburg Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2023
Closed on
Nov 15, 2023
Sold by
Smith Remodeling & Properties Llc
Bought by
Corbitt Industries
Seller's Agent
Jason Terry
Impact Realty
Buyer's Agent
Jacob Zimmerle
Benchmark Realty, LLC
List Price
$234,900
Sold Price
$200,000
Premium/Discount to List
-$34,900
-14.86%
Views
119
Current Estimated Value
$209,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,526
Avg. Annual Appreciation
1.04%
Original Mortgage
$160,000
Outstanding Balance
$157,873
Interest Rate
7.49%
Mortgage Type
New Conventional
Estimated Equity
$45,852

Purchase Details

Closed on
Aug 23, 2016
Sold by
Smith Jason
Bought by
Smith Remodeling & Properties Llc

Purchase Details

Listed on
Feb 10, 2016
Closed on
May 4, 2016
Sold by
Allen James H
Bought by
Smith Jason
Seller's Agent
Grover Collins
Grover Collins Real Estate
Buyer's Agent
Jason Terry
Impact Realty
List Price
$130,000
Sold Price
$35,000
Premium/Discount to List
-$95,000
-73.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.80%
Original Mortgage
$36,725
Interest Rate
3.59%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 31, 1997
Sold by
Collins Nancy A
Bought by
Allen James H
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
Corbitt Industries $200,000 First Commerce Title
Smith Remodeling & Properties Llc -- --
Remodeling Smith -- --
Smith Jason $35,000 --
Allen James H $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corbitt Industries $160,000
Previous Owner Smith Jason $36,725
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2023 11/15/23 Sold $200,000 -6.9% $82 / Sq Ft
10/10/2023 10/10/23 Pending -- -- --
09/30/2023 09/30/23 Price Changed $214,900 -4.4% $88 / Sq Ft
08/26/2023 08/26/23 Price Changed $224,900 -4.3% $92 / Sq Ft
07/25/2023 07/25/23 For Sale $234,900 0.0% $96 / Sq Ft
07/19/2023 07/19/23 Pending -- -- --
07/07/2023 07/07/23 For Sale $234,900 +571.1% $96 / Sq Ft
12/31/2018 12/31/18 Off Market $35,000 -- --
07/03/2018 07/03/18 For Sale $130,000 +271.4% $53 / Sq Ft
05/06/2016 05/06/16 Sold $35,000 -- $14 / 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 -- $50,440 $4,440 $46,000
2023 $1,565 $50,440 $4,440 $46,000
2022 $1,565 $50,440 $4,440 $46,000
2021 $1,398 $30,040 $4,200 $25,840
2020 $1,398 $30,040 $4,200 $25,840
2019 $1,353 $30,040 $4,200 $25,840
2018 $1,338 $30,040 $4,200 $25,840
2017 $1,338 $30,040 $4,200 $25,840
2016 $1,147 $22,400 $4,000 $18,400
2015 $1,046 $22,400 $4,000 $18,400
2014 $1,057 $22,640 $4,000 $18,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2545079

Realtracs

APN: 064I-H-008.00