NOT LISTED FOR SALE

505 Canton Pass Madison, TN 37115

Heron Walk Neighborhood

Estimated Value: $472,000 - $526,622

6 Beds
4 Baths
2,825 Sq Ft
$179/Sq Ft Est. Value

Last Sold October 09, 2019

Last sale price $270,000 $96 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $3,184/month

6 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Property has 1 Level
  • 2 Car Attached Garage
  • Central Heating

About This Home

As of October 2019

Income producing duplex in Madison, just 20 mins to downtown Nashville. 505 & 507 Canton Pass is a brick duplex with 3 bed/2 bath plus garage on each side. Currently rented for $2350 per month. Showing Thursday 8/22 from 12-2pm ONLY. Do not disturb tenants. Email wendy@wendymonday.com with questions.

Last Agent to Sell the Property

Wendy Monday

Onward Real Estate License #318204 Listed on: 08/19/2019

Onward Real Estate

Last Buyer's Agent

Lisa Rose Johnson

Compass License #284337

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,019

Year Built

  • Built in 1974

Lot Details

  • Lot Dimensions are 100 x 200

Parking

  • 2 Car Attached Garage

Interior Spaces

  • 2,825 Sq Ft Home
  • Property has 1 Level

Flooring

  • Wood
  • Carpet
  • Vinyl

Schools

  • Neelys Bend Elementary School
  • Neelys Bend Middle School
  • Hunters Lane Comp High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $2,350
  • Assessor Parcel Number 05305000900

Community Details

Overview

  • 2 Units
  • Madison / Sequoia Valley Subdivision

Building Details

  • Operating Expense $2,820
  • Gross Income $28,200
  • Net Operating Income $25,380

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,019

Year Built

Built in 1974

Lot Details

0.39 Acres

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1974
  • Inclusions: OTHER
  • Unit Levels: One
  • New Construction: No
  • 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, Finished Wood, Vinyl
  • Above Grade Finished Sq Ft: 2825
  • Building Area Units: Square Feet
  • Living Area: 2825
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Other
  • 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: Attached - Rear
  • Total Parking Spaces: 2

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: RS-10
  • Lot Size: 100 X 200
  • Lot Size Units: Acres
  • Parcel #: 05305000900
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 28200
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 25380
  • Number Of Units Total: 2
  • Annual Operating Expense: 2820
  • Total Actual Rent: 2350

Tax Info

  • Tax Annual Amount: 2019

MLS Schools

  • Elementary School: Neelys Bend Elementary
  • High School: Hunters Lane Comp High School
  • Middle Or Junior School: Neelys Bend Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2019
Closed on
Oct 9, 2019
Sold by
Donato Adrian J and Donato Stephanie
Bought by
Williams Tracy and Williams Konya M
Seller's Agent
Wendy Monday
Onward Real Estate
Buyer's Agent
Lisa Rose Johnson
Compass
List Price
$285,000
Sold Price
$270,000
Premium/Discount to List
-$15,000
-5.26%
Current Estimated Value
$506,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$236,406
Avg. Annual Appreciation
10.29%
Original Mortgage
$216,000
Outstanding Balance
$147,918
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$358,488

Purchase Details

Listed on
Aug 25, 2014
Closed on
Nov 3, 2014
Sold by
Wilkerson David Wayne
Bought by
Donato Adrian J and Donato Stephanie
Seller's Agent
Brady Smith
Zeitlin Sotheby's International Realty
Buyer's Agent
Israel Holliday
Benchmark Realty, LLC
List Price
$145,000
Sold Price
$135,000
Premium/Discount to List
-$10,000
-6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.10%
Original Mortgage
$101,250
Interest Rate
4.26%
Mortgage Type
New Conventional
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
Williams Tracy $270,000 Rudy Title & Escrow Llc
Donato Adrian J $135,000 Touchstone Title & Escrow Ll
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Williams Tracy $216,000
Previous Owner Donato Adrian J $101,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/09/2019 10/09/19 Sold $270,000 -5.3% $96 / Sq Ft
08/25/2019 08/25/19 Pending -- -- --
08/19/2019 08/19/19 For Sale $285,000 +111.1% $101 / Sq Ft
11/03/2014 11/03/14 Sold $135,000 -6.9% $48 / Sq Ft View Prior Sale
11/01/2014 11/01/14 Pending -- -- --
08/25/2014 08/25/14 For Sale $145,000 -- $51 / Sq Ft
Source: Realtracs

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 $6,583 $236,640 $42,000 $194,640
2024 $3,142 $107,520 $26,600 $80,920
2023 $3,142 $107,520 $26,600 $80,920
2022 $3,142 $107,520 $26,600 $80,920
2021 $3,175 $107,520 $26,600 $80,920
2020 $2,776 $73,280 $12,800 $60,480
2019 $2,019 $73,280 $12,800 $60,480
2018 $2,019 $73,280 $12,800 $60,480
2017 $2,019 $73,280 $12,800 $60,480
2016 $2,040 $52,000 $10,800 $41,200
2015 $2,040 $52,000 $10,800 $41,200
2014 $2,040 $52,000 $10,800 $41,200
Source: Public Records

Agents Affiliated with this Home

  • Wendy Monday

    Seller's Agent in 2019

    Wendy Monday

    Onward Real Estate

    (615) 642-1313

    168 Total Sales

    Wendy Monday
    Section Image
  • Lisa Rose Johnson

    Buyer's Agent in 2019

    Lisa Rose Johnson

    Compass

    (615) 495-0554

    2 in this area

    47 Total Sales

    Lisa Rose Johnson
    Section Image
  • Brady Smith

    Seller's Agent in 2014

    Brady Smith

    Zeitlin Sotheby's International Realty

    (615) 383-0183

    53 Total Sales

    Brady Smith
    Section Image
  • Israel Holliday

    Buyer's Agent in 2014

    Israel Holliday

    Benchmark Realty, LLC

    (615) 414-6605

    2 Total Sales

    Israel Holliday
    Section Image
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Map

Source: Realtracs

MLS Number: 2072847

Realtracs

APN: 053-05-0-009

Tennessee Davidson County Nashville 37115 Heron Walk

505 Canton Pass, Nashville, TN

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realtracs Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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