Seller's Agent in 2019
Tom Lochbihler
Loch Company
(615) 696-7033
2 in this area
40 Total Sales
431 Eddy Ln Franklin, TN 37064
Central Franklin NeighborhoodEstimated Value: $874,613 - $1,030,000
3
Beds
3
Baths
2,092
Sq Ft
$444/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Cooling Available
- Central Heating
- Liberty Elementary School Rated A
About This Home
As of November 2019Prime Franklin TN multifamily property. Close to downtown Franklin, parks, shopping and entertainment. Property has been updated. Excellent tenant stability. Room for income improvements or possible redevelopment. No showings without qualified written Letter of Intent.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,396
Year Built
- Built in 1986
Lot Details
- 0.52
Home Design
- Vinyl Siding
Interior Spaces
- 2,092 Sq Ft Home
- Property has 2 Levels
- Wood Flooring
Schools
- Liberty Elementary School
- Freedom Middle School
- Centennial High School
Utilities
- Cooling Available
- Central Heating
Listing and Financial Details
- Total Actual Rent $3,350
- Assessor Parcel Number 094078E J 00200 00009078E
Community Details
Overview
- 2 Units
- Eddy Pointe Subdivision
Building Details
- Operating Expense $5,500
- Gross Income $36,000
- Net Operating Income $30,500
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 2, 2019
Closed on
Oct 30, 2019
Sold by
Elliott Catherine L
Bought by
Elliott Catherine and Catherine Elliott Living Trust
Seller's Agent
Tom Lochbihler
Loch Company
Buyer's Agent
Mike Cimorelli
simpliHOM
List Price
$599,000
Sold Price
$560,000
Premium/Discount to List
-$39,000
-6.51%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$368,538
Avg. Annual Appreciation
10.02%
Original Mortgage
$185,000
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Listed on
May 2, 2019
Closed on
Oct 1, 2019
Sold by
Poora Properties Llc
Bought by
Elliott Catherine L
Seller's Agent
Tom Lochbihler
Loch Company
Buyer's Agent
Mike Cimorelli
simpliHOM
List Price
$599,000
Sold Price
$560,000
Premium/Discount to List
-$39,000
-6.51%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
3.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 14, 2018
Sold by
Bery Poonam and Bery Pooja
Bought by
Poora Properties Llc
Purchase Details
Closed on
Mar 30, 2018
Sold by
Berry Janie and Berry John
Bought by
Bery Poonam and Bery Pooja
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,250
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 27, 2015
Sold by
Penders Garald A and Penders Valerie B
Bought by
Berry Janie and Berry John
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
3.84%
Mortgage Type
Commercial
Purchase Details
Closed on
May 1, 2009
Sold by
Dooley Richard N and Dooley Jamie K
Bought by
Penders Gerald A and Penders Valerie B
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,278
Interest Rate
4.86%
Mortgage Type
FHA
Purchase Details
Closed on
May 20, 2004
Sold by
Good Joint Trust
Bought by
Dooley Richard N and Dooley Jamie K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Elliott Catherine | -- | Esquire Title & Escrow Inc | |
| Elliott Catherine L | $560,000 | Esquire Title & Escrow Inc | |
| Poora Properties Llc | -- | Esquire Title & Escrow Inc | |
| Bery Poonam | $355,000 | None Available | |
| Berry Janie | $266,409 | Rudy Title & Escrow Llc | |
| Penders Gerald A | $199,900 | Realty Title & Escrow Co Inc | |
| Dooley Richard N | $185,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Elliott Catherine | $185,000 | |
| Closed | Elliott Catherine L | $185,000 | |
| Previous Owner | Bery Poonam | $266,250 | |
| Previous Owner | Berry John | $224,000 | |
| Previous Owner | Berry Janie | $208,000 | |
| Previous Owner | Penders Gerald | $197,463 | |
| Previous Owner | Penders Gerald A | $196,278 | |
| Previous Owner | Dooley Richard N | $148,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/07/2019 11/07/19 | Sold | $560,000 | -6.5% | $268 / Sq Ft |
| 07/01/2019 07/01/19 | Pending | -- | -- | -- |
| 05/02/2019 05/02/19 | For Sale | $599,000 | -- | $286 / Sq Ft |
Source: Realtracs
Tax History Compared to Growth
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 | $6,239 | $220,360 | $84,000 | $136,360 |
| 2023 | $5,997 | $220,360 | $84,000 | $136,360 |
| 2022 | $5,997 | $220,360 | $84,000 | $136,360 |
| 2021 | $5,997 | $220,360 | $84,000 | $136,360 |
| 2020 | $3,471 | $107,600 | $33,600 | $74,000 |
| 2019 | $3,471 | $107,600 | $33,600 | $74,000 |
| 2018 | $3,396 | $107,600 | $33,600 | $74,000 |
| 2017 | $3,342 | $107,600 | $33,600 | $74,000 |
| 2016 | $3,310 | $106,895 | $33,600 | $73,295 |
| 2015 | -- | $75,480 | $26,880 | $48,600 |
| 2014 | -- | $75,480 | $26,880 | $48,600 |
Source: Public Records
Agents Affiliated with this Home
-
Tom Lochbihler
-
Mike Cimorelli
Buyer's Agent in 2019
Mike Cimorelli
simpliHOM
(310) 872-8731
2 in this area
49 Total Sales
Map
Source: Realtracs
MLS Number: 2036782
APN: 078E-J-002.00
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