NOT LISTED FOR SALE

502 7th Ave W Springfield, TN 37172

Estimated Value: $195,000 - $327,000

Studio
2 Baths
1,700 Sq Ft
$156/Sq Ft Est. Value

Last Sold October 02, 2017

Last sale price $99,000 $58 Per Sq Ft

Est. 168% increase in value since last sale

Current estimated payment $1,655/month

20 Days on Market

Highlights

  • 0.71 Acre Lot
  • Central Heating
  • Property has 1 Level
  • Cooling Available
  • Carpet

About This Home

As of October 2017

INVESTMENT PROPERTY. Two apartments, currently rented. Apt. 1 @ $160 per week. Apt. 2 @ $180 per week. Roof is only 3 years old. Stoves and refrigerators remain.

Last Agent to Sell the Property

Bill McKinney

Century 21 Landmark Realty License #13683 Listed on: 08/22/2017

Century 21 Landmark Realty

Co-Listed By

Jan Wilks

Century 21 Landmark Realty License # 322649

Last Buyer's Agent

Ruthanne Terrell

License #24678

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,279

Year Built

  • Built in 1940

Lot Details

  • 0.71 Acre Lot
  • Lot Dimensions are 149 x 205

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,700 Sq Ft Home
  • Property has 1 Level

Flooring

  • Carpet
  • Vinyl

Schools

  • Westside Elementary School
  • Springfield Middle School
  • Springfield High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $340
  • The owner pays for gas, water
  • Assessor Parcel Number 074080J F 01000 000080J

Community Details

Overview

  • 2 Units
  • Fully Rented Subdivision

Building Details

  • Operating Expense $6,000
  • Gross Income $17,680
  • Net Operating Income $11,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,279

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1940
  • Inclusions: APPLN
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Above Grade Finished Sq Ft: 1700
  • Building Area Units: Square Feet
  • Living Area: 1700
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Other

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 Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Electricity Available, Natural Gas Available, Water Available, Sewer Available

Condo/Co-op/Association

  • Association #2 Fee Frequency: One Time

Lot Info

  • Zoning: Res
  • Lot Size Acres: 0.71
  • Lot Size: 149 X 205
  • Lot Size Units: Acres
  • Parcel #: 074080J F 01000 000080J
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Owner Pays: Gas, Water
  • Tenant Pays: Electricity

Multi Family

  • Gross Income: 17680
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 11680
  • Number Of Units Total: 2
  • Annual Operating Expense: 6000
  • Total Actual Rent: 340

Tax Info

  • Tax Annual Amount: 1279

MLS Schools

  • Elementary School: Westside Elementary
  • High School: Springfield High School
  • Middle Or Junior School: Springfield Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2017
Closed on
Sep 27, 2017
Sold by
White Wendell
Bought by
Parton Diana
Seller's Agent
Bill McKinney
Century 21 Landmark Realty
Buyer's Agent
Ruthanne Terrell
List Price
$98,000
Sold Price
$99,000
Premium/Discount to List
$1,000
1.02%
Current Estimated Value
$265,728

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,728
Avg. Annual Appreciation
12.65%

Purchase Details

Closed on
Jun 21, 2013
Sold by
Holman Marcia
Bought by
Reynolds Marcia

Purchase Details

Closed on
May 7, 2002
Sold by
Citifinancial
Bought by
Marcia Holman

Purchase Details

Closed on
Feb 22, 2002
Bought by
Citifinancial Inc

Purchase Details

Closed on
May 21, 1998
Sold by
Dewayne Collins Rosher
Bought by
Collins Rosher D and Collins Judy E

Purchase Details

Closed on
Mar 5, 1991
Bought by
Collins Rosher Dewayne and Collins Susie B

Purchase Details

Closed on
Jun 30, 1990
Bought by
Hite Joseph H

Purchase Details

Closed on
Sep 1, 1976
Bought by
Goodwin James H and Goodwin Ernestine

Purchase Details

Closed on
Aug 26, 1976

Purchase Details

Closed on
Jan 1, 1976
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Parton Diana $99,000 None Available
Reynolds Marcia -- --
Marcia Holman $48,000 --
Citifinancial Inc $62,000 --
Collins Rosher D -- --
Collins Rosher Dewayne $55,000 --
Hite Joseph H -- --
Goodwin James H -- --
-- -- --
-- $15,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/02/2017 10/02/17 Sold $99,000 +1.0% $58 / Sq Ft
09/11/2017 09/11/17 Pending -- -- --
08/22/2017 08/22/17 For Sale $98,000 -- $58 / 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
2025 -- $49,075 $0 $0
2024 -- $49,075 $9,375 $39,700
2023 $1,229 $49,075 $9,375 $39,700
2022 $1,032 $28,300 $3,975 $24,325
2021 $1,032 $28,300 $3,975 $24,325
2020 $1,032 $28,300 $3,975 $24,325
2019 $31,029 $28,300 $3,975 $24,325
2018 $1,442 $39,520 $6,360 $33,160
2017 $1,279 $29,840 $5,720 $24,120
2016 $1,279 $29,840 $5,720 $24,120
2015 $1,241 $29,840 $5,720 $24,120
2014 $1,241 $29,840 $5,720 $24,120
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 1856879

Realtracs

APN: 080J-F-010.00