NOT LISTED FOR SALE

516 E Main St Unit 518 Murfreesboro, TN 37130

Estimated Value: $455,000 - $752,000

6 Beds
3 Baths
3,601 Sq Ft
$161/Sq Ft Est. Value

Last Sold June 16, 2023

Last sale price $700,000 $194 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $3,340/month

6 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Central Heating
  • Oakland High School Rated A-
  • Tile Flooring

About This Home

As of June 2023

Welcome to a beautiful and unique duplex located in the heart of historic downtown Murfreesboro. This hidden gem boasts a beautiful secret garden, filled with vibrant azaleas and irises blooming, surrounded by mature magnolia trees.The location of this duplex is fantastic, a short walk to shopping, dining and entertainment. From the comfort of your own home, you can enjoy the parades that pass by your doorstep. This is a rare opportunity to own a property in such a desired location. As you enter, you'll be greeted by a beautiful screened-in porch with soaring ceilings. Updated main level, upper level of the duplex is awaiting the perfect touch. So much potential, live on one level and rent out the other. Buyer of duplex has 1st right of refusal on 507 E Vine 51x122 buildable lot.

Last Agent to Sell the Property

Lea Anne Bedsole

Compass Brokerage Phone: 6159044887 License #317017 Listed on: 04/21/2023

Compass

Last Buyer's Agent

Amy Pappas

Discovery Tennessee Realty, LLC License #344792

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,693

Year Built

  • Built in 1940

Lot Details

  • 0.32 Acre Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 3,601 Sq Ft Home
  • Property has 2 Levels

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Parking

  • 4 Parking Spaces
  • 2 Carport Spaces
  • Driveway

Schools

  • Hobgood Elementary School
  • Whitworth-Buchanan Middle School
  • Blackman High School

Utilities

  • Cooling Available
  • Central Heating
  • Heat Pump System

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 091M F 00700 R0056157

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,693

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1940
  • Inclusions: APPLN
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Duplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Attribution Contact: 6159044887
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Wood, Laminate, Tile
  • Total Bedrooms: 6
  • Above Grade Finished Sq Ft: 3601
  • Building Area Units: Square Feet
  • Living Area: 3601
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Brick
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 2
  • Carport Y N: Yes
  • Covered Parking Spaces: 2
  • Garage Yn: No
  • Open Parking Spaces: 2
  • Parking Features: Detached, Asphalt
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Heat Pump
  • Heating Yn: Yes
  • Laundry Features: Individual
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: RES
  • Lot Size Acres: 0.32
  • Lot Size: 73 X 208 IRR
  • Lot Size Units: Acres
  • Parcel #: 091M F 00700 R0056157
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 2693

MLS Schools

  • Elementary School: Hobgood Elementary
  • High School: Blackman High School
  • Middle Or Junior School: Whitworth-Buchanan Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2023
Closed on
Jun 15, 2023
Sold by
Jamison Catherine R
Bought by
Kodali Sashikanth and Suryadevara Ramya Smitha
Seller's Agent
Lea Anne Bedsole
Compass
Buyer's Agent
Amy Pappas
Discovery Tennessee Realty, LLC
List Price
$719,000
Sold Price
$700,000
Premium/Discount to List
-$19,000
-2.64%
Views
38
Current Estimated Value
$581,198

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$118,802
Avg. Annual Appreciation
-7.77%
Original Mortgage
$525,000
Outstanding Balance
$511,417
Interest Rate
6.57%
Mortgage Type
New Conventional
Estimated Equity
$69,781

Purchase Details

Closed on
Nov 8, 2005
Sold by
Franklin Jamison James
Bought by
Jamison King W and Jamison Catherine
Source: Public Records

Range of Values:

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Average Value
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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
Kodali Sashikanth $700,000 Regal Title
Jamison King W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kodali Sashikanth $525,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2023 06/16/23 Sold $700,000 -2.6% $194 / Sq Ft
04/27/2023 04/27/23 Pending -- -- --
04/21/2023 04/21/23 For Sale $719,000 -- $200 / 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 $2,966 $104,850 $27,500 $77,350
2024 $2,966 $104,850 $27,500 $77,350
2023 $1,967 $104,850 $27,500 $77,350
2022 $1,695 $104,850 $27,500 $77,350
2021 $1,228 $55,350 $20,000 $35,350
2020 $1,228 $55,350 $20,000 $35,350
2019 $1,228 $55,350 $20,000 $35,350
2018 $1,687 $55,350 $0 $0
2017 $2,203 $56,675 $0 $0
2016 $2,203 $90,680 $0 $0
2015 $3,524 $90,680 $0 $0
2014 $2,255 $90,680 $0 $0
2013 -- $84,360 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2511289

Realtracs

APN: 091M-F-007.00-000