NOT LISTED FOR SALE

508 2nd Ave S Loretto, TN 38469

Estimated Value: $203,540 - $253,000

2 Beds
2 Baths
840 Sq Ft
$260/Sq Ft Est. Value

Last Sold July 30, 2014

Last sale price $46,500 $55 Per Sq Ft

Est. 369% increase in value since last sale

Current estimated payment $1,298/month

Highlights

  • Cooling Available
  • Central Heating
  • Property has 1 Level
  • Lawrenceburg Public Elementary School Rated A-
  • Vinyl Flooring

About This Home

As of July 2014

Great Location in Loretto, Move-in Ready. Close to schools, shopping etc. Central H/A, all city amenties. Side A: Living Room, Dining, Kitchen and Bedroom. No appliances in side A. Side B includes kitchen appliances.

Last Listed By

Barbara Smith

Coldwell Banker Southern Realty Brokerage Phone: 9312424985 License #267486 Listed on: 06/06/2014

Coldwell Banker Southern Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $415

Year Built

  • Built in 1940

Lot Details

  • 0.47

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 840 Sq Ft Home
  • Property has 1 Level
  • Vinyl Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Schools

  • South Lawrence Elementary
  • Loretto High School

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Total Actual Rent $575
  • Assessor Parcel Number 152M A 01600 000

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $1
  • Gross Income $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$415

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
  • Structure Type: Duplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: 9312424985
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Wood, Vinyl
  • Total Bedrooms: 2
  • Above Grade Finished Sq Ft: 840
  • Building Area Units: Square Feet
  • Living Area: 840
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Frame
  • 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: Electric, Central Air
  • Cooling Y N: Yes
  • Heating: Natural Gas, Central
  • Heating Yn: Yes
  • Laundry Features: Individual
  • Utilities: Electricity Available, Water Available, Sewer Available

Lot Info

  • Zoning: Com
  • Lot Size: 264.5X76.89 IRR
  • Lot Size Units: Acres
  • Parcel #: 152M A 01600 000
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 1
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 2
  • Annual Operating Expense: 1
  • Total Actual Rent: 575

Tax Info

  • Tax Annual Amount: 415

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
Jun 6, 2014
Closed on
Jul 30, 2014
Sold by
Weathers Kiley
Bought by
Weaver Brett and Weaver Amy
Seller's Agent
Barbara Smith
Coldwell Banker Southern Realty
Buyer's Agent
Barbara Smith
Coldwell Banker Southern Realty
List Price
$180,000
Sold Price
$46,500
Premium/Discount to List
-$133,500
-74.17%
Current Estimated Value
$218,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,635
Avg. Annual Appreciation
14.97%

Purchase Details

Closed on
Apr 1, 2008
Sold by
Weathers Kirk B
Bought by
Kiley Weathers

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$21,322
Interest Rate
6.03%

Purchase Details

Closed on
Nov 18, 2003
Bought by
Weathers Kirk B and Weathers Misty

Purchase Details

Closed on
Jul 12, 1941
Bought by
Beckman August and Beckman Hallie

Range of Values:

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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
Weaver Brett $46,500 --
Kiley Weathers $20,000 --
Weathers Kirk B $28,800 --
Beckman August -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beckman August $21,322
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2017 07/05/17 Off Market $46,500 -- --
10/17/2016 10/17/16 For Sale $180,000 +287.1% $214 / Sq Ft
07/30/2014 07/30/14 Sold $46,500 -- $55 / 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 $1,069 $45,675 $1,750 $43,925
2023 $1,069 $45,675 $1,750 $43,925
2022 $689 $29,450 $1,750 $27,700
2021 $614 $18,300 $1,750 $16,550
2020 $522 $18,300 $1,750 $16,550
2019 $346 $10,300 $1,750 $8,550
2018 $341 $10,300 $1,750 $8,550
2017 $331 $10,300 $1,750 $8,550
2016 $331 $10,300 $1,750 $8,550
2015 $302 $10,300 $1,750 $8,550
2014 $274 $9,350 $1,750 $7,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 1548387

Realtracs

APN: 152M-A-016.00