NOT LISTED FOR SALE

450 E Main St Cookeville, TN 38506

Estimated Value: $183,000 - $289,705

3 Beds
3 Baths
1,796 Sq Ft
$132/Sq Ft Est. Value

Last Sold October 26, 2021

Last sale price $143,000 $80 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $1,459/month

Highlights

  • No HOA
  • Central Air
  • Heating Available
  • Algood Elementary School Rated A-
  • Fenced

About This Home

As of October 2021

Great rental investment opportunity located in Algood! 2 unit Duplex in Algood City Limits. Unit A is 1 bed and 1 bath, Unit B is 2 bed and 2 bath. Seller has made lots of updated including: new flooring, new HVAC units; septic tanks cleaned; new doors, new paint, yard work and landscaping; new faucets, pressure washed, cleaned and already fully rented out. Don't miss out on this wonderful investment property today! 24 hour notice on all showings.

Last Agent to Sell the Property

Kayla Chaffin

The Realty Firm & Auction Gainesboro Brokerage Phone: 9312687653 Listed on: 08/18/2021

Last Buyer's Agent

Kayla Chaffin

The Realty Firm & Auction Gainesboro Brokerage Phone: 9312687653 Listed on: 08/18/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $923

Year Built

  • Built in 2000

Lot Details

  • 0.4 Acre Lot
  • Lot Dimensions are 137 x 128 x 183 x 191.22
  • Fenced

Home Design

  • Duplex
  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,796 Sq Ft Home
  • Crawl Space
  • Fire and Smoke Detector

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $1,400
  • Assessor Parcel Number 034.00

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Vacant Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$923

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Attribution Contact: 9312687653
  • Directions: From PCCH: Take E Spring St; L onto Hwy 111 N towards Algood; R onto E Main St; Property on R with sign.
  • Prop. Type: Residential Income
  • Year Built: 2000
  • Property Sub Type: Duplex
  • Lot Size Acres: 0.4026
  • Lot Size: 137 x 128 x 183 x 191.22
  • Special Features: None

Interior Features

  • Appliances: Microwave,Refrigerator,Electric Range,Electric Oven, Electric Water Heater, Unit 1 Htg/Clg/Appliances(Kitchen), Unit 2 Htg/Clg/Appliances(Kitchen)
  • Has Basement: Crawl Space
  • Total Bedrooms: 3
  • Living Area: 1796

Exterior Features

  • Roof: Composition
  • Fencing: Fenced
  • Construction Type: Frame, Vinyl Siding
  • Property Condition: Unit 1 Condition(Good), Unit 2 Condition(Good)

Garage/Parking

  • Parking Features: Unit 2 Car Storage(Carport)

Utilities

  • Cooling: Central Air
  • Electric: UCEMC
  • Heating: Electric
  • Sewer: Septic Tank
  • Gas Company: City of Cookeville
  • Laundry Features: Unit 1 Wshr/Dryr Hookup, Unit 2 Wshr/Dryr Hookup
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public, City of Algood

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 17536
  • Farm Land Area Units: Square Feet
  • Parcel #: 034.00

Rental Info

  • Lease Term: Unit 1 Lease Term(Month),Unit 2 Lease Term(Month)

Multi Family

  • Number Of Units Total: 2
  • Number Of Units Furnished: Varies By Unit
  • Number Of Units Vacant: 2
  • Total Actual Rent: 1400

Tax Info

  • Tax Annual Amount: 923.32
  • Tax Map Number: 026E

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2021
Closed on
Oct 26, 2021
Sold by
Phipps Junior C
Bought by
Lynn Robert and Lynn Madison
Seller's Agent
Kayla Chaffin
The Realty Firm & Auction Gainesboro
Buyer's Agent
Kayla Chaffin
The Realty Firm & Auction Gainesboro
Sold Price
$143,000
Current Estimated Value
$236,176

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,176
Avg. Annual Appreciation
12.56%
Original Mortgage
$114,400
Outstanding Balance
$103,868
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$132,308

Purchase Details

Listed on
Jun 11, 2021
Closed on
Jun 25, 2021
Sold by
Burgess Rhonda and Burgess Karen
Bought by
Phipps Junior C
Seller's Agent
Natalie Stout
The Realty Firm
Buyer's Agent
Natalie Stout
The Realty Firm
Sold Price
$110,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
116.34%

Purchase Details

Closed on
May 14, 2019
Sold by
Davis Frances Lee
Bought by
Burgess Rhonda and Barnes Karen

Purchase Details

Closed on
Jul 5, 1996
Sold by
Allen Cecil L
Bought by
Davis Frances and Smith Edward

Purchase Details

Closed on
Oct 12, 1977
Bought by
Allen Cecil L and Allen Irene
Source: Public Records
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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
Lynn Robert $143,000 None Available
Phipps Junior C $110,000 None Available
Burgess Rhonda -- --
Davis Frances $11,000 --
Allen Cecil L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lynn Robert $114,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2021 10/26/21 Sold $143,000 0.0% $80 / Sq Ft
01/01/1970 01/01/70 Off Market $143,000 -- --
Source: Upper Cumberland 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 -- $57,000 $0 $0
2024 -- $57,000 $6,000 $51,000
2023 $1,516 $57,000 $6,000 $51,000
2022 $1,409 $57,000 $6,000 $51,000
2021 $1,010 $57,000 $6,000 $51,000
2020 $802 $35,625 $3,750 $31,875
2019 $923 $27,425 $3,750 $23,675
2018 $263 $8,150 $3,750 $4,400
2017 $263 $8,150 $3,750 $4,400
2016 $265 $8,150 $3,750 $4,400
2015 $270 $8,150 $3,750 $4,400
2014 $328 $9,873 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Upper Cumberland Association of REALTORS®

MLS Number: 206269

Upper Cumberland Association of REALTORS®

APN: 026E-A-034.00