NOT LISTED FOR SALE

Estimated Value: $415,000 - $484,696

4 Beds
2 Baths
2,771 Sq Ft
$164/Sq Ft Est. Value

Last Sold August 23, 2021

Last sale price $340,000 $123 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $2,664/month

27 Days on Market

Highlights

  • Wood Flooring
  • Cooling System Mounted To A Wall/Window
  • Radiant Heating System
  • 2 Car Attached Garage

About This Home

As of August 2021

Great chance to own one side and rent the other for income. Huge duplex near I-24 and I-65. Also zoned RS10 with two electric and water meters so easy to build two tall and skinnies. Or, you could convert to large single family home. Sky is the limit with this one. Just bring your imagination. No Central heat and air. Will need to be cash or conventional financing. Will not go FHA. Buyers relocation fell through, here's your 2nd chance!

Last Agent to Sell the Property

Brad McKenzie

Exit Real Estate Solutions License #285546 Listed on: 06/20/2021

Exit Real Estate Solutions

Co-Listed By

Toni McKenzie

Exit Real Estate Solutions License #335335

Last Buyer's Agent

Brad McKenzie

Exit Real Estate Solutions License #285546 Listed on: 06/20/2021

Exit Real Estate Solutions

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,086

Year Built

  • Built in 1967

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 100 x 181

Parking

  • 2 Car Attached Garage
  • Basement Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • Property has 2 Levels

Flooring

  • Wood
  • Tile

Schools

  • Paragon Mills Elementary School
  • Wright Middle School
  • Glencliff Comp High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Radiant Heating System

Listing and Financial Details

  • Total Actual Rent $1,700
  • Assessor Parcel Number 13312033700

Community Details

Overview

  • 2 Units
  • Cole Subdivision

Building Details

  • Operating Expense $4,106
  • Gross Income $20,400
  • Net Operating Income $16,294

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,086

Year Built

Built in 1967

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1967
  • Inclusions: NEGOT
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: EXIST
  • PropertyUnitTypes: {"UnitTypeActualRent":700,"UnitTypeType":"Unit 1","UnitTypeBathsTotal":1,"UnitTypeBedsTotal":2,"UnitTypeKey":"RTC2590691Group_1"}, {"UnitTypeActualRent":1000,"UnitTypeType":"Unit 2","UnitTypeBathsTotal":2,"UnitTypeBedsTotal":3,"UnitTypeKey":"RTC2590691Group_2"}
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Finished Wood, Tile
  • Above Grade Finished Sq Ft: 1883
  • Below Grade Sq Ft: 888
  • Building Area Units: Square Feet
  • Living Area: 2771
  • Living Area Units: Square Feet

Exterior Features

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

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Basement
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Radiant
  • Heating Yn: Yes

Lot Info

  • Zoning: RS10
  • Lot Size Acres: 0.46
  • Lot Size: 100 X 181
  • Lot Size Units: Acres
  • Parcel #: 13312033700
  • Property Attached Yn: No

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Gross Income: 20400
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 16294
  • Number Of Units Total: 2
  • Annual Operating Expense: 4106
  • Total Actual Rent: 1700

Tax Info

  • Tax Annual Amount: 3086

MLS Schools

  • Elementary School: Paragon Mills Elementary
  • High School: Glencliff Comp High School
  • Middle Or Junior School: Wright Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2021
Closed on
Aug 23, 2021
Sold by
Cole Daniel K and Cole Christie H
Bought by
Ghatas Pola
Seller's Agent
Brad McKenzie
Exit Real Estate Solutions
Buyer's Agent
Brad McKenzie
Exit Real Estate Solutions
List Price
$379,900
Sold Price
$340,000
Premium/Discount to List
-$39,900
-10.5%
Current Estimated Value
$455,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,174
Avg. Annual Appreciation
6.08%
Original Mortgage
$289,000
Outstanding Balance
$265,818
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$165,213
Source: Public Records

Range of Values:

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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
Ghatas Pola $340,000 Tennessee Title Services Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ghatas Pola $35,500
Open Ghatas Pola $289,000
Previous Owner Cole Daniel K $81,247
Previous Owner Cole Daniel K $83,125
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2021 08/23/21 Sold $340,000 -10.5% $123 / Sq Ft
07/18/2021 07/18/21 Pending -- -- --
06/20/2021 06/20/21 For Sale $379,900 -- $137 / 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 $2,204 $67,725 $13,500 $54,225
2023 $2,204 $67,725 $13,500 $54,225
2022 $2,204 $67,725 $13,500 $54,225
2021 $3,563 $108,360 $21,600 $86,760
2020 $3,086 $73,120 $12,200 $60,920
2019 $2,307 $73,120 $12,200 $60,920
2018 $2,307 $73,120 $12,200 $60,920
2017 $2,307 $73,120 $12,200 $60,920
2016 $2,036 $45,080 $8,600 $36,480
2015 $2,036 $45,080 $8,600 $36,480
2014 $2,036 $45,080 $8,600 $36,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2264714

Realtracs

APN: 133-12-0-337