NOT LISTED FOR SALE

517 Sharondale Dr Unit 519 Columbia, TN 38401

Estimated Value: $525,948

-- Bed
3 Baths
4,320 Sq Ft
$122/Sq Ft Est. Value

Last Sold November 04, 2022

Last sale price $700,000 $162 Per Sq Ft

Est. 25% decrease in value since last sale

Current estimated payment $3,392/month

42 Days on Market

Highlights

  • 1.53 Acre Lot
  • 1 Car Attached Garage
  • Central Heating
  • No HOA
  • Cooling Available
  • Vinyl Flooring

About This Home

As of November 2022

Opportunity to own 4 (all 2bed/1bath) townhome style units on a large corner lot in Columbia, TN. The current owner did minor cosmetic upgrades to two of the units returning over $200 in rent increase so immediate value add is easily achievable. Additional value can be created with the unfinished garage/basement not included in the current sqft. Please reach out to listing agent for questions, buyer to verify all pertinent info. Drive by’s welcome, no showings with full occupancy. Buyer will be able to see and inspect all units with accepted contract. Video walkthrough available.

Last Agent to Sell the Property

Landon Hoffman

Residential Investment Advisors License #351463 Listed on: 08/08/2022

Last Buyer's Agent

Andrew Buckwalter

Benchmark Realty, LLC License # 324520

Benchmark Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,082

Year Built

  • Built in 1991

Lot Details

  • 1.53 Acre Lot

Parking

  • 1 Car Attached Garage
  • 3 Open Parking Spaces
  • Driveway

Home Design

  • Quadruplex
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 4,320 Sq Ft Home
  • Property has 1 Level
  • Vinyl Flooring

Schools

  • Mcdowell Elementary
  • Columbia Central High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $4,666
  • Assessor Parcel Number 089N F 02300 000

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Idlewild Sec 1 Subdivision

Building Details

  • Operating Expense $18,000
  • Gross Income $55,680
  • Net Operating Income $37,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,082

Year Built

Built in 1991

Lot Details

0

Parking

1

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1991
  • Inclusions: APPLN
  • Unit Levels: One
  • Building Stories: 3
  • Structure Type: Quadruplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Fireplace: No
  • Flooring: Vinyl
  • Above Grade Finished Sq Ft: 4320
  • Building Area Units: Square Feet
  • Living Area: 4320
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Vinyl Siding
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Open Parking Spaces: 3
  • Parking Features: Attached - Rear, Driveway
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Individual

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: N/a
  • Lot Size Acres: 1.53
  • Lot Size Units: Acres
  • Parcel #: 089N F 02300 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 55680
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 37680
  • Number Of Units Total: 4
  • Annual Operating Expense: 18000
  • Total Actual Rent: 4666

Tax Info

  • Tax Annual Amount: 4082

MLS Schools

  • Elementary School: McDowell Elementary
  • High School: Columbia Central High School
  • Middle Or Junior School: McDowell Elementary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2022
Closed on
Oct 20, 2022
Sold by
Mid-Tennproperties Llc
Bought by
Hb Property Group Llc
Seller's Agent
Landon Hoffman
Residential Investment Advisors
Buyer's Agent
Andrew Buckwalter
Benchmark Realty, LLC
List Price
$675,000
Sold Price
$700,000
Premium/Discount to List
$25,000
3.7%
Views
55
Current Estimated Value
$525,948

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$174,052
Original Mortgage
$560,000
Outstanding Balance
$309,805
Interest Rate
5.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 21, 2021
Sold by
Rebuilt Realty Llc
Bought by
Mid Tenn Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$340,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 24, 1987
Bought by
Lovell Robert C
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
Hb Property Group Llc $700,000 Rudy Title
Mid Tenn Properties Llc $460,000 Blueprint Title Tn
Rebuilt Realty Llc $400,000 Blueprint Title Tn
Lovell Robert C $18,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hb Property Group Llc $560,000
Previous Owner Mid Tenn Properties Llc $340,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2022 11/04/22 Sold $700,000 +3.7% $162 / Sq Ft
09/20/2022 09/20/22 Pending -- -- --
08/08/2022 08/08/22 For Sale $675,000 -- $156 / 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
2022 $5,055 $184,840 $30,000 $154,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2425718

Realtracs

APN: 089N-F-023.00