$315,000
SOLD JUL 8, 2025

505 2nd Ave S Loretto, TN 38469

3 Beds
2 Baths
2,034 Sq Ft
1 Acres

Recently Sold

$155 Per Sq Ft

2% Below List Price

59 Days on Market

Highlights

  • Above Ground Pool
  • Deck
  • Porch
  • Lawrenceburg Public Elementary School Rated A-
  • No HOA
  • Walk-In Closet

About This Home

As of July 2025

One of the prettiest homes on the market in Lawrence County! This newly remodeled and beautifully updated home features three large, private bedrooms, (could easily be a 4 bed!) and offers open concept living in the main areas. A welcoming front porch invites you right in where you will find absolutely gorgeous, refinished hardwood floors, a large dining room and double entry kitchen with a bar/serving counter. Walk through the light and airy morning room to the living room which is located on the front of the home. Through beautifully stained sliding French doors there is a dark, moody library/office featuring custom bookcases and its own closet. Look through the windows to the outdoor living spaces which offer multilevel decking, string lights, a pool and very nicely tended landscaping. This home has been loved and it shows! Down the hall at the other end of the house you'll find the very spacious and private main suite with its own entry foyer. To the left is the bedroom and to the right, a large bathroom with a walk-in shower and his & her vanities. The walk-in closet is custom with an abundance of shelving and hanging rods. Back through the hall are two additional large bedrooms, one with a built-in vanity (or could be used as a desk). Outside you'll enjoy the new private deck for those cozy nights for two or invite the gang over for grilling and swimming. There is also a nice storage building, and all this situated on a 1-acre lot in the heart of beautiful Loretto, Tennessee where community is everything!! Refrigerator and curtains in Main bedroom and Office/Library do not convey. All other kitchen appliances and window treatments convey. Washer and Dryer are negotiable. This home is under contract with a home sale contingency. Seller is accepting back-up offers. Buyer’s agent must accompany buyers at all showings to receive commission. Thank you for your interest!

Last Agent to Sell the Property

Tanya Clayton

Coldwell Banker Southern Realty Brokerage Phone: 9312011188 License # 359938 Listed on: 03/10/2025

Coldwell Banker Southern Realty

Co-Listed By

Anne Morrow

Coldwell Banker Southern Realty Brokerage Phone: 9312011188 License # 320450

Last Buyer's Agent

Holly Cavins

Flora Mid-South Realty License #358482

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,391

Year Built

  • Built in 1960

Lot Details

  • 1 Acre Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 2,034 Sq Ft Home
  • Property has 1 Level
  • Tile Flooring
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Parking Pad
  • Driveway

Outdoor Features

  • Above Ground Pool
  • Deck
  • Porch

Schools

  • South Lawrence Elementary
  • Loretto High School

Utilities

  • Cooling Available
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 151 02801 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,391

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Year Built: 1960
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: EXIST
  • Attribution Contact: 9312011188
  • Special Features: None
  • Stories: 1

Interior Features

  • Interior Amenities: Bookcases, Built-in Features, Open Floorplan, Pantry, Redecorated, Walk-In Closet(s)
  • Appliances: Electric Oven, Electric Range, Dishwasher, Dryer, Microwave, Refrigerator, Stainless Steel Appliance(s), Washer
  • Fireplace: No
  • Flooring: Wood, Tile
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 2
  • Has Basement: Crawl Space
  • Above Grade Finished Sq Ft: 2034
  • Building Area Units: Square Feet
  • Living Area: 2034
  • Living Area Units: Square Feet

Exterior Features

  • Exterior Features: Storage Building
  • Construction Type: Brick
  • Patio And Porch Features: Porch, Covered, Deck
  • Pool Features: Above Ground
  • Pool Private: Yes
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 4
  • Parking Features: Concrete, Driveway, Parking Pad
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Private
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Security: Smoke Detector(s)
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Amenities: Sidewalks
  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Level, Sloped
  • Lot Size Acres: 1
  • Lot Size: 155X352.4 IRR .66
  • Lot Size Units: Acres
  • Parcel #: 151 02801 000
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1391

MLS Schools

  • Elementary School: South Lawrence Elementary
  • High School: Loretto High School
  • Middle Or Junior School: South Lawrence Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2025
Closed on
Jul 3, 2025
Sold by
Clayton Anna M and Springer Robert Taylor
Bought by
Cavins Holly and Cavins Nathan
Seller's Agent
Tanya Clayton
Coldwell Banker Southern Realty
Buyer's Agent
Holly Cavins
Flora Mid-South Realty
List Price
$319,900
Sold Price
$315,000
Premium/Discount to List
-$4,900
-1.53%
Views
125

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.04%
Original Mortgage
$309,294
Outstanding Balance
$309,294
Interest Rate
6.86%
Mortgage Type
FHA
Estimated Equity
$15,265

Purchase Details

Closed on
Sep 29, 2020
Sold by
James Michael and James Gretchen Hannah
Bought by
Smith Hannah F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,200
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2012
Sold by
Hannah Gretchen
Bought by
James Michael and James Gretchen Hannah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,500
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 16, 2011
Sold by
Tays Judy D
Bought by
Hannah Gretchen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
4.26%
Mortgage Type
Commercial

Purchase Details

Closed on
May 20, 2011
Sold by
Sanders Erica M
Bought by
Tays Judy D

Purchase Details

Closed on
Nov 22, 2005
Sold by
Frances Davis Jane
Bought by
Sanders Erica M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,500
Interest Rate
6.04%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $315,000 None Listed On Document
Warranty Deed $219,000 None Available
Warranty Deed -- --
Warranty Deed $60,000 --
Warranty Deed $60,000 --
Deed $50,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $309,294 FHA
Previous Owner $175,200 New Conventional
Previous Owner $92,000 Commercial
Previous Owner $13,000 Commercial
Previous Owner $88,000 Commercial
Previous Owner $67,500 Commercial
Previous Owner $25,000 Commercial
Previous Owner $50,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 Sold $315,000 0.0% $155 / Sq Ft
05/08/2025 05/08/25 Pending -- -- --
05/07/2025 05/07/25 Off Market $315,000 -- --
04/23/2025 04/23/25 Pending -- -- --
03/10/2025 03/10/25 For Sale $319,900 +8.4% $157 / Sq Ft
06/10/2022 06/10/22 Sold $295,000 -4.8% $145 / Sq Ft
05/09/2022 05/09/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $310,000 -- $152 / 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 $1,391 $59,425 $2,500 $56,925
2023 $1,391 $59,425 $2,500 $56,925
2022 $1,233 $52,650 $2,500 $50,150
2021 $1,140 $33,925 $2,250 $31,675
2020 $815 $33,925 $2,250 $31,675
2019 $815 $24,275 $2,250 $22,025
2018 $803 $24,275 $2,250 $22,025
2017 $779 $24,275 $2,250 $22,025
2016 $779 $24,275 $2,250 $22,025
2015 $711 $24,275 $2,250 $22,025
2014 $380 $12,975 $2,250 $10,725
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Realtracs

MLS Number: 2802401

Realtracs

APN: 151-028.01