$90,000
SOLD APR 7, 2025

506 5th Ave E Springfield, TN 37172

3 Beds
1.5 Baths
1,801 Sq Ft
0.7 Acres

Recently Sold

$50 Per Sq Ft

49% Below List Price

11 Days on Market

Highlights

  • 0.7 Acre Lot
  • Cooling System Mounted To A Wall/Window
  • Property has 1 Level
  • No HOA
  • Heating System Uses Natural Gas

About This Home

As of April 2025

Very nice lot close to the city square, stores and restaurants. The home recently caught fire and burned on the front part of the house. Possible fixer upper or tear down. The driveway is shared. Do Not block driveway. Selling in As-Is condition. Past records indicate the home had been converted into a duplex at one time. Property could be an excellent investment opportunity. The home was lived in prior to the fire. By appointment please.

Last Agent to Sell the Property

Janice Jones

Benchmark Realty, LLC Brokerage Phone: 6155196902 License #326553 Listed on: 03/14/2025

Benchmark Realty, LLC

Last Buyer's Agent

Nicole Gardner

Southern Roots Properties License #334835

Southern Roots Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,283

Year Built

  • Built in 1916

Lot Details

  • 0.7 Acre Lot
  • Lot Dimensions are 103x282x100x282

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,801 Sq Ft Home
  • Property has 1 Level
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Schools

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

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 080F C 02400 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,283

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1916
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 1

Interior Features

  • Interior Amenities: Primary Bedroom Main Floor
  • Appliances: None
  • Fireplace: No
  • Flooring: Other
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Has Basement: Crawl Space
  • Above Grade Finished Sq Ft: 1801
  • Building Area Units: Square Feet
  • Living Area: 1801
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Vinyl Siding
  • 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: Other, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Natural Gas
  • Heating Yn: Yes
  • Utilities: Natural Gas Available, Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.7
  • Lot Size: 103X282X100X282
  • Lot Size Units: Acres
  • Parcel #: 080F C 02400 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1283

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2025
Closed on
Apr 7, 2025
Sold by
Wallace Kenneth W
Bought by
Peraza Marvin and Peraza Maria Zoila
Seller's Agent
Janice Jones
Benchmark Realty, LLC
Buyer's Agent
Nicole Gardner
Southern Roots Properties
List Price
$175,000
Sold Price
$90,000
Premium/Discount to List
-$85,000
-48.57%
Views
60
Current Estimated Value
$144,780

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,780
Avg. Annual Appreciation
90.11%

Purchase Details

Closed on
Jul 10, 2009
Sold by
Leblanc William Kelly
Bought by
Wallace Kenneth W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$42,500
Interest Rate
5.53%

Purchase Details

Closed on
Oct 3, 1986
Bought by
Bowling William H

Purchase Details

Closed on
Jan 1, 1978
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 Type Sale Price Title Company
Warranty Deed $90,000 Warranty Title
Warranty Deed $90,000 Warranty Title
Deed $50,000 --
Deed -- --
Warranty Deed $15,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $42,500 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/07/2025 04/07/25 Sold $90,000 -35.7% $50 / Sq Ft
03/25/2025 03/25/25 Pending -- -- --
03/19/2025 03/19/25 Price Changed $140,000 -20.0% $78 / Sq Ft
03/14/2025 03/14/25 For Sale $175,000 -- $97 / 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 -- $51,200 $0 $0
2024 -- $51,200 $16,250 $34,950
2023 $1,283 $51,200 $16,250 $34,950
2022 $735 $20,150 $5,500 $14,650
2021 $735 $20,150 $5,500 $14,650
2020 $735 $20,150 $5,500 $14,650
2019 $22,119 $20,150 $5,500 $14,650
2018 $735 $20,150 $5,500 $14,650
2017 $696 $16,250 $5,000 $11,250
2016 $696 $16,250 $5,000 $11,250
2015 $676 $16,250 $5,000 $11,250
2014 $676 $16,250 $5,000 $11,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2803984

Realtracs

APN: 080F-C-024.00