NOT LISTED FOR SALE

500 Lynnwood Ave Lewisburg, TN 37091

Estimated Value: $407,798 - $496,000

9 Beds
5 Baths
4,343 Sq Ft
$102/Sq Ft Est. Value

Last Sold September 07, 2018

Last sale price $230,000 $53 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $2,705/month

Highlights

  • Cooling Available
  • Central Heating
  • Property has 1 Level
  • Oak Grove Elementary School Rated A
  • Carpet

About This Home

As of September 2018

Great Opportunity to own a Nice Quadplex in Great Location! Already Tenants in place and they want to stay! New Roof in 2017; Call Agent for Details!

Last Agent to Sell the Property

Ryan Richardson

David Jent Realty & Auction License # 253612 Listed on: 08/06/2018

Last Buyer's Agent

Debbie Matthews

Nashville Realty Group License #341940

Nashville Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,927

Year Built

  • Built in 1983

Lot Details

  • 0.94

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 4,343 Sq Ft Home
  • Property has 1 Level

Flooring

  • Carpet
  • Vinyl

Schools

  • Marshall-Oak Grove-Westhills Elem. Elementary School
  • Lewisburg Middle School
  • Marshall Co High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $2,115
  • Assessor Parcel Number 059071A A 04400 000064P

Community Details

Overview

  • 4 Units
  • Marshall Heights Subdivision

Building Details

  • Operating Expense $5,238
  • Gross Income $25,380
  • Net Operating Income $20,142

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,927

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1983
  • Inclusions: APPLN
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Above Grade Finished Sq Ft: 4343
  • Building Area Units: Square Feet
  • Living Area: 4343
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Other, Brick
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association #2 Fee Frequency: One Time

Lot Info

  • Zoning: Commercial
  • Lot Size: 218X187.5 IRR
  • Lot Size Units: Acres
  • Parcel #: 059071A A 04400 000064P
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Gas, Water

Multi Family

  • Gross Income: 25380
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 20142
  • Number Of Units Total: 4
  • Annual Operating Expense: 5238
  • Total Actual Rent: 2115

Tax Info

  • Tax Annual Amount: 3927

MLS Schools

  • Elementary School: Marshall-Oak Grove-Westhills ELem.
  • High School: Marshall Co High School
  • Middle Or Junior School: Lewisburg Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2018
Closed on
Sep 7, 2018
Sold by
Thompson Joe Burton
Bought by
Herron Michael D and Herron Melinda
Seller's Agent
Ryan Richardson
David Jent Realty & Auction
Buyer's Agent
Debbie Matthews
Nashville Realty Group
List Price
$1,675
Sold Price
$230,000
Premium/Discount to List
$228,325
13631.34%
Current Estimated Value
$443,700

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,700
Avg. Annual Appreciation
9.57%

Purchase Details

Closed on
Apr 30, 2001
Bought by
Thompson Robert P % Joe B Thompson

Purchase Details

Closed on
Oct 15, 1994
Sold by
Francis Fred P
Bought by
Clary King James

Purchase Details

Closed on
Jul 14, 1989
Bought by
Francis Fred P
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
Herron Michael D $230,000 --
Thompson Robert P % Joe B Thompson $170,000 --
Clary King James $130,000 --
Francis Fred P $125,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/07/2021 05/07/21 Pending -- -- --
05/04/2021 05/04/21 Price Changed $1,675 0.0% $0 / Sq Ft
05/04/2021 05/04/21 For Sale $1,675 +5.0% $0 / Sq Ft
04/14/2021 04/14/21 Pending -- -- --
04/12/2021 04/12/21 For Sale $1,595 -99.3% $0 / Sq Ft
09/07/2018 09/07/18 Sold $230,000 -- $53 / 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 -- $141,840 $14,000 $127,840
2023 $4,403 $141,840 $14,000 $127,840
2022 $4,403 $141,840 $14,000 $127,840
2021 $4,056 $87,200 $7,000 $80,200
2020 $4,103 $88,200 $7,000 $81,200
2019 $3,971 $88,200 $7,000 $81,200
2018 $3,927 $88,200 $7,000 $81,200
2017 $3,927 $88,200 $7,000 $81,200
2016 $2,744 $53,600 $6,000 $47,600
2015 $2,503 $53,600 $6,000 $47,600
2014 $2,503 $53,600 $6,000 $47,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 1958172

Realtracs

APN: 071A-A-044.00