NOT LISTED FOR SALE

451 E Madison St Pulaski, TN 38478

Estimated Value: $313,000 - $364,000

-- Bed
2 Baths
2,884 Sq Ft
$114/Sq Ft Est. Value

Last Sold November 18, 2020

Last sale price $204,900 $71 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $1,946/month

4 Days on Market

Highlights

  • Wood Flooring
  • Two cooling system units
  • Two Heating Systems

About This Home

As of November 2020

This great property offers 3 units and a great location, so INVESTORS... Here it is!!! All units are leased and all tenants have good payment histories. There have been many improvements made and all units have appliances included. This could be a great turnkey investment for the new buyer ($1750 per month in collected rents.) Call Today!!!

Last Agent to Sell the Property

Seth Duncan

Peoples Choice Realty, LLC License #305547 Listed on: 10/30/2020

Co-Listed By

Janice Duncan

Peoples Choice Realty, LLC License #284065

Last Buyer's Agent

LeAnne Jones

Jones & Young Real Estate License # 259697

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,066

Year Built

  • Built in 1940

Lot Details

  • 0.28 Acre Lot
  • Lot Dimensions are 75x175

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Property has 3 Levels

Flooring

  • Wood
  • Tile

Schools

  • Pulaski Elementary School
  • Bridgeforth Middle School
  • Giles Co High School

Utilities

  • Two cooling system units
  • Two Heating Systems

Listing and Financial Details

  • Total Actual Rent $1,750
  • Assessor Parcel Number 097A K 00700 000

Community Details

Overview

  • 3 Units
  • Close To Downtown Subdivision

Building Details

  • Gross Income $1,750
  • Net Operating Income $1,750

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,066

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1940
  • Inclusions: APPLN
  • Unit Levels: Three Or More
  • Building Stories: 2
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Finished Wood, Tile
  • Above Grade Finished Sq Ft: 2312
  • Below Grade Sq Ft: 572
  • Building Area Units: Square Feet
  • Living Area: 2884
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Brick
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Dual
  • Cooling Y N: Yes
  • Heating: Dual
  • Heating Yn: Yes
  • Laundry Features: Individual

Condo/Co-op/Association

  • Association #2 Fee Frequency: One Time

Lot Info

  • Zoning: 0
  • Lot Size Acres: 0.28
  • Lot Size: 75X175
  • Lot Size Units: Acres
  • Parcel #: 097A K 00700 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 1750
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 1750
  • Number Of Units Total: 3
  • Total Actual Rent: 1750

Tax Info

  • Tax Annual Amount: 1066

MLS Schools

  • Elementary School: Pulaski Elementary
  • High School: Giles Co High School
  • Middle Or Junior School: Bridgeforth Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2021
Sold by
Pitts Stephen D and Pitts Ruth C
Bought by
Pitts Stephen D and Pitts Ruth C
Current Estimated Value
$327,149

Purchase Details

Listed on
Oct 30, 2020
Closed on
Nov 18, 2020
Sold by
Vanderpool James K and Vanderpool Brooke J
Bought by
Pitts Stephen D and Pitts Ruth C
Seller's Agent
Seth Duncan
Peoples Choice Realty, LLC
Buyer's Agent
LeAnne Jones
Jones & Young Real Estate
List Price
$204,900
Sold Price
$204,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.53%

Purchase Details

Closed on
Oct 16, 2008
Sold by
Tanzanite Associates Inc
Bought by
Vanderpool James K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,888
Interest Rate
5.78%

Purchase Details

Closed on
Jun 20, 2008
Bought by
Eastern Savings Bank Fsb

Purchase Details

Closed on
May 2, 2007
Sold by
Davis Timothy
Bought by
Hamlett Madolyn Muse

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,700
Interest Rate
6.18%

Purchase Details

Closed on
Mar 28, 2007
Sold by
Hamlett Madolyn Muse
Bought by
Hamlett Katherine Madolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,700
Interest Rate
6.18%

Purchase Details

Closed on
Jan 29, 1986
Bought by
Hamlett Michael D Hamlett Madolyn M
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
Pitts Stephen D -- None Available
Pitts Stephen D $204,900 Giles Title And Escrow
Vanderpool James K $73,000 --
Tanzanite Associates Inc -- --
Eastern Savings Bank Fsb $52,500 --
Hamlett Madolyn Muse -- --
Hamlett Katherine Madolyn -- --
Hamlett Michael D Hamlett Madolyn M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vanderpool James K $84,000
Previous Owner Vanderpool James K $74,888
Previous Owner Hamlett Michael D $89,700
Previous Owner Hamlett Michael D $64,500
Previous Owner Hamlett Michael D $15,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2020 11/18/20 Sold $204,900 0.0% $71 / Sq Ft
11/03/2020 11/03/20 Pending -- -- --
10/30/2020 10/30/20 For Sale $204,900 -- $71 / 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 $1,853 $76,950 $6,975 $69,975
2023 $1,853 $76,950 $6,975 $69,975
2022 $1,853 $76,950 $6,975 $69,975
2021 $1,652 $48,800 $3,750 $45,050
2020 $1,066 $31,475 $1,750 $29,725
2019 $1,066 $31,475 $1,750 $29,725
2018 $1,066 $31,475 $1,750 $29,725
2017 $1,066 $31,475 $1,750 $29,725
2016 $1,079 $30,450 $1,750 $28,700
2015 $1,017 $30,450 $1,750 $28,700
2014 $1,017 $30,444 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2202967

Realtracs

APN: 097A-K-007.00