NOT LISTED FOR SALE

415 E Lafayette St Jackson, TN 38301

Downtown Jackson Neighborhood

Estimated Value: $390,091 - $563,000

7 Beds
7 Baths
5,500 Sq Ft
$83/Sq Ft Est. Value

Last Sold July 18, 2022

Last sale price $409,900 $75 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,536/month

46 Days on Market

Highlights

  • Wood Flooring
  • Landscaped
  • Laundry Facilities
  • Efficiency Studio
  • Central Air

About This Home

As of July 2022

Great Investment Opportunity, tons of charm and potential. Currently an income producing property - Fully occupied Multi-family home located in downtown Jackson, TN. New Roof to be put on in March 2022. Updated community kitchen with Viking appliances. Shared laundry, 4 heating units and 7 cooling units. 2 studios, 1 two bedroom unit and five 1bedroom/1bath units. Separate carriage house around 1,000sqft. Community back patio. Parking on site. Must confirm tax info. Call for a tour today!

Last Agent to Sell the Property

Kendall Hodges

Weichert, REALTORS-BenchMark License #334054 Listed on: 03/04/2022

Weichert, REALTORS-BenchMark

Last Buyer's Agent

Kendall Hodges

Weichert, REALTORS-BenchMark License #334054 Listed on: 03/04/2022

Weichert, REALTORS-BenchMark

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • Landscaped

Parking

  • Paved Parking

Home Design

  • Converted Dwelling
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 5,500 Sq Ft Home
  • Efficiency Studio
  • Wood Flooring
  • Washer and Dryer Hookup

Kitchen

  • Built-In Range
  • Microwave
  • Dishwasher
  • Disposal

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement

Utilities

  • Central Air
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for some utilities

Community Details

Overview

  • 2 Buildings
  • 8 Units
  • Jackson Subdivision

Amenities

  • Laundry Facilities

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Class: Multi-Family
  • Type: Converted House
  • MAAR Subdivision Name: Downtown Jackson, TN
  • Freestanding: Yes
  • List Price Per Sq Ft: 75
  • Estimated Sq Ft: 5500
  • Year Built: 1900
  • Construction: Vinyl Siding
  • List Price Per Unit: 51237.5
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Floors/Ceilings: Hardwood Throughout
  • Appliances Equipment: Refrigerator, Range/Oven (Built-In), Disposal, Dishwasher, Microwave

Exterior Features

  • Foundation: Partial Basement, Full Basement
  • Roof: Composition
  • Miscellaneous Exterior: Some Landscaping

Garage/Parking

  • Parking Facility: Concrete

Utilities

  • Hot Water: Gas
  • Cooling Systems: Central, Electrial
  • Heating Systems: Gas
  • Laundry: Connections, Common Laundry

Lot Info

  • Lot Size: 5,967

Rental Info

  • Tenant Pays: Some Utilities
  • Type Of Leases: Year

Multi Family

  • Perc Occ: 100
  • Total Number Of Units: 8
  • Number2 Bedroom Units: 1
  • Number Efficiency Studio Units: 2
  • Type of Unit: Efficiency/Studio, 1 BR - 1 Bath, 2 BR - 1 Bath

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2022
Closed on
Jul 19, 2022
Sold by
Seth Chandler Brian and Seth Ann Ashley
Bought by
Spottswood Keep Llc
Seller's Agent
Kendall Hodges
Weichert, REALTORS-BenchMark
Buyer's Agent
Kendall Hodges
Weichert, REALTORS-BenchMark
List Price
$409,900
Sold Price
$409,900
Current Estimated Value
$457,697

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$47,797
Avg. Annual Appreciation
3.25%
Original Mortgage
$327,920
Outstanding Balance
$294,054
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$163,643

Purchase Details

Closed on
Jul 26, 2013
Sold by
Allen John H
Bought by
Chandler Brian Seth and Chandler Ashley Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
4.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 6, 2009
Sold by
Semrau Lorne
Bought by
Allen John H

Purchase Details

Closed on
Mar 3, 2005
Sold by
Jackson Madison County Lib
Bought by
Lorne Semrau

Purchase Details

Closed on
May 29, 2003
Sold by
Hicks Joseph L
Bought by
Lorne Semrau

Purchase Details

Closed on
Aug 23, 1995
Bought by
Hicks Joseph L

Purchase Details

Closed on
Sep 14, 1945
Bought by
Jennie Spencer W and Jennie Harris
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Spottswood Keep Llc $357,000 Glankler Brown Pllc
Chandler Brian Seth $186,343 --
Allen John H -- --
Lorne Semrau -- --
Lorne Semrau $77,500 --
Hicks Joseph L $47,000 --
Jennie Spencer W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spottswood Keep Llc $327,920
Previous Owner Chandler Brian Seth $210,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/18/2022 07/18/22 Sold $409,900 0.0% $75 / Sq Ft
03/04/2022 03/04/22 For Sale $409,900 -- $75 / Sq Ft
Source: Memphis Area 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
2025 $1,736 $92,680 $5,400 $87,280
2024 $1,736 $92,680 $5,400 $87,280
2022 $3,229 $92,680 $5,400 $87,280
2021 $3,169 $73,480 $4,200 $69,280
2020 $1,779 $73,480 $4,200 $69,280
2019 $3,169 $73,480 $4,200 $69,280
2018 $3,169 $73,480 $4,200 $69,280
2017 $3,171 $71,880 $4,200 $67,680
2016 $2,955 $71,880 $4,200 $67,680
2015 $2,956 $71,880 $4,200 $67,680
2014 $2,956 $71,880 $4,200 $67,680
Source: Public Records

Agents Affiliated with this Home

  • Kendall Hodges

    Seller's Agent in 2022

    Kendall Hodges

    Weichert, REALTORS-BenchMark

    (901) 490-2152

    1 in this area

    68 Total Sales

    Kendall Hodges
    Section Image
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Map

Source: Memphis Area Association of REALTORS®

MLS Number: 10118748

Memphis Area Association of REALTORS®

APN: 078P-E-003.00

Tennessee Madison County Jackson 38301 Downtown Jackson

415 E Lafayette St, Jackson, TN

Not Listed for Sale

MultiFamily

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