NOT LISTED FOR SALE

534 Cascade Ave McMinnville, TN 37110

Estimated Value: $254,000 - $402,000

-- Bed
3 Baths
2,368 Sq Ft
$147/Sq Ft Est. Value

Last Sold June 26, 2024

Last sale price $205,000 $87 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $2,024/month

15 Days on Market

Highlights

  • No HOA
  • Central Heating
  • Property has 1 Level
  • Cooling Available
  • Carpet

About This Home

As of June 2024

Auction Property May 25th @ 10 a.m. Bid online now or live on site during the live webcast auction. Income producing triplex currently 100% rented! 534, 536 & 538 Cascade Ave producing $1,950 per month. Units have new roof and central heat/air. Sale of property is not contingent on financing, appraisal or inspections. Property is sold as is with no warranties or representations expressed or implied. Winning bidder must close on or before 30 days of auction date. Triplex is 100% occupied.

Last Agent to Sell the Property

Gregory Goff

Exit Realty Bob Lamb & Associates Brokerage Phone: 6156530080 License # 307113 Listed on: 05/13/2024

Exit Realty Bob Lamb & Associates

Last Buyer's Agent

Gregory Goff

Exit Realty Bob Lamb & Associates Brokerage Phone: 6156530080 License # 307113 Listed on: 05/13/2024

Exit Realty Bob Lamb & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,344

Year Built

  • Built in 1980

Lot Details

  • Lot Dimensions are 138.5x165

Home Design

  • Property Attached
  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 2,368 Sq Ft Home
  • Property has 1 Level

Flooring

  • Carpet
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Schools

  • West Elementary School
  • Warren County Middle School
  • Warren County High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $1,950
  • Assessor Parcel Number 050O B 00103 000

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Meadow Brook Acres Sec 2 Subdivision

Building Details

  • Gross Income $1,950
  • Net Operating Income $1,950

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,344

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1980
  • Inclusions: APPLN
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Triplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: 6156530080
  • Special Features: Auction
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Above Grade Finished Sq Ft: 2368
  • Building Area Units: Square Feet
  • Living Area: 2368
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 6
  • Parking Features: Paved
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: RES
  • Lot Size: 138.5X165
  • Lot Size Units: Acres
  • Parcel #: 050O B 00103 000
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 1950
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 1950
  • Number Of Units Total: 3
  • Total Actual Rent: 1950

Tax Info

  • Tax Annual Amount: 1344

MLS Schools

  • Elementary School: West Elementary
  • High School: Warren County High School
  • Middle Or Junior School: Warren County Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2024
Closed on
Jun 26, 2024
Sold by
Hutchins Michael Joe and Turner Philip R
Bought by
Zavogiannis Dimitrios and Zavogiannis Lisa
Seller's Agent
Gregory Goff
Exit Realty Bob Lamb & Associates
Buyer's Agent
Gregory Goff
Exit Realty Bob Lamb & Associates
List Price
$205,000
Sold Price
$205,000
Current Estimated Value
$349,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$144,333
Avg. Annual Appreciation
58.96%
Original Mortgage
$400,000
Outstanding Balance
$387,658
Interest Rate
6.28%
Mortgage Type
Construction
Estimated Equity
-$38,325

Purchase Details

Closed on
Jul 26, 2023
Sold by
Simpson-Winfree Lisa
Bought by
Hutchins Michael Joe and Turner Philip R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.69%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 16, 2008
Sold by
Cotten Evelyn
Bought by
Self Larry

Purchase Details

Closed on
Jul 20, 2007
Sold by
David Simpson
Bought by
Self and Evelyn

Purchase Details

Closed on
Mar 29, 2001
Bought by
Simpson David and Simpson Sandy

Purchase Details

Closed on
Sep 9, 1994
Bought by
Kirby Robert L and Kirby Rachel

Purchase Details

Closed on
Mar 31, 1993
Bought by
Kirby Robert L

Purchase Details

Closed on
Jan 11, 1991
Bought by
Curlee Gary K

Purchase Details

Closed on
Feb 15, 1989
Bought by
Curlee Gary K

Purchase Details

Closed on
May 26, 1987
Bought by
Scoggins John N and Brenda Gail
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
Zavogiannis Dimitrios $529,000 None Listed On Document
Hutchins Michael Joe $550,000 1810 Title
Self Larry -- --
Self $210,000 --
Simpson David $75,000 --
Kirby Robert L $27,000 --
Kirby Robert L $48,900 --
Curlee Gary K -- --
Curlee Gary K -- --
Scoggins John N -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zavogiannis Dimitrios $400,000
Previous Owner Hutchins Michael Joe $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2024 06/26/24 Sold $205,000 0.0% $87 / Sq Ft
05/28/2024 05/28/24 Pending -- -- --
05/13/2024 05/13/24 For Sale $205,000 -- $87 / 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 -- $33,040 $5,440 $27,600
2023 $1,344 $33,040 $5,440 $27,600
2022 $1,261 $33,040 $5,440 $27,600
2021 $1,265 $33,040 $5,440 $27,600
2020 $613 $33,120 $5,440 $27,680
2019 $1,364 $31,520 $5,000 $26,520
2018 $1,276 $31,520 $5,000 $26,520
2017 $1,276 $31,520 $5,000 $26,520
2016 $1,276 $31,520 $5,000 $26,520
2015 $1,285 $31,520 $5,000 $26,520
2014 $1,517 $31,520 $5,000 $26,520
2013 $1,517 $37,139 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2654569

Realtracs

APN: 050O-B-001.03