NOT LISTED FOR SALE

541 Neelys Bend Rd Madison, TN 37115

Heron Walk Neighborhood

Estimated Value: $672,000 - $940,000

7 Beds
2.5 Baths
2,453 Sq Ft
$348/Sq Ft Est. Value

Last Sold October 18, 2021

Last sale price $770,000 $314 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $5,020/month

15 Days on Market

Highlights

  • Guest House
  • Wood Flooring
  • Cottage
  • 0.83 Acre Lot
  • No HOA
  • Covered Patio or Porch

About This Home

As of October 2021

Camp McGavock at 541 on the bend. 3 houses on one lot investors dream. Main house 7bed 3 1/2 bath, 2nd house 3/2 back studio apt.very private, with out door fun and games. Patsy cline recorded in back studio. All furnishings including art can convey for an additional $35k. over 4300 sq ft of living. Driveway will be redone 1st week sept. Open House 8/15/2021

Last Agent to Sell the Property

Therese Winnington

T. Lewis Real Estate & Design, LLC License # 325904 Listed on: 08/12/2021

Last Buyer's Agent

David Maybee

eXp Realty License #362052

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,705

Year Built

  • Built in 1890

Lot Details

  • 0.83 Acre Lot
  • Lot Dimensions are 103 x 270

Home Design

  • Cottage
  • Brick Exterior Construction
  • Metal Roof
  • Stone Siding

Interior Spaces

  • 2,453 Sq Ft Home
  • Property has 2 Levels
  • Interior Storage Closet
  • Fire and Smoke Detector
  • Unfinished Basement

Kitchen

  • Microwave
  • Ice Maker
  • Dishwasher
  • Smart Appliances

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms | 2 Main Level Bedrooms
  • Walk-In Closet

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces

Outdoor Features

  • Covered Deck
  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Stratton Elementary School
  • Madison Middle School
  • Hunters Lane Comp High School

Additional Features

  • Guest House
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • B H & M Franklin Subdivision

Listing and Financial Details

  • Assessor Parcel Number 05201016200

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,705

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cottage
  • Year Built: 1890
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Interior Amenities: Extra Closets, Smart Appliance(s), Storage, Walk-In Closet(s)
  • Appliances: Dishwasher, Ice Maker, Microwave, Refrigerator
  • Fireplace: No
  • Flooring: Finished Wood, Other, Tile
  • Total Bedrooms: 7
  • Main Level Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Has Basement: Unfinished
  • Above Grade Finished Sq Ft: 2453
  • Building Area Units: Square Feet
  • Living Area: 2453
  • Living Area Units: Square Feet

Exterior Features

  • Exterior Features: Carriage/Guest House, Storage
  • Construction Type: Brick, Stone
  • Patio And Porch Features: Covered Deck, Covered Patio, Covered Porch, Patio
  • Pool Private: No
  • Roof: Metal
  • View: No
  • Waterfront: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Fire Alarm, Smoke Detector(s)

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size Acres: 0.83
  • Lot Size: 103 X 270
  • Lot Size Units: Acres
  • Parcel #: 05201016200
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 6705

MLS Schools

  • Elementary School: Stratton Elementary
  • High School: Hunters Lane Comp High School
  • Middle Or Junior School: Madison School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2021
Closed on
Oct 14, 2021
Sold by
Winnigton Therese Elizabeth and Winnigton Peter Joseph
Bought by
Wilke Kristen
Seller's Agent
Therese Winnington
T. Lewis Real Estate & Design, LLC
Buyer's Agent
David Maybee
eXp Realty
List Price
$799,000
Sold Price
$770,000
Premium/Discount to List
-$29,000
-3.63%
Current Estimated Value
$854,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,685
Avg. Annual Appreciation
2.62%
Original Mortgage
$616,000
Outstanding Balance
$561,735
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$292,950

Purchase Details

Listed on
May 20, 2021
Closed on
Jul 2, 2021
Sold by
Reedy James C and Reedy Marlene R
Bought by
Winnington Therese Elizabeth and Winnington Peter Joseph
Seller's Agent
LINDA TOMLIN
Crye-Leike, Inc., REALTORS
Buyer's Agent
Therese Winnington
T. Lewis Real Estate & Design, LLC
List Price
$498,000
Sold Price
$488,000
Premium/Discount to List
-$10,000
-2.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
381.95%
Original Mortgage
$398,593
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 6, 1997
Sold by
Duross John
Bought by
Reedy James C and Reedy Marlene R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
7.07%
Mortgage Type
Seller Take Back
Source: Public Records

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
Wilke Kristen $770,000 Victory Title & Escrow Llc
Winnington Therese Elizabeth $488,000 Realty Title & Escrow
Reedy James C $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilke Kristen $616,000
Previous Owner Winnington Therese Elizabeth $398,593
Previous Owner Reedy James C $47,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/18/2021 10/18/21 Sold $770,000 -3.6% $314 / Sq Ft
08/28/2021 08/28/21 Pending -- -- --
08/16/2021 08/16/21 For Sale $799,000 +309.7% $404 / Sq Ft
08/16/2021 08/16/21 Off Market $195,000 -- --
08/12/2021 08/12/21 For Sale $799,000 +63.7% $326 / Sq Ft
07/03/2021 07/03/21 Sold $488,000 -38.9% $114 / Sq Ft View Prior Sale
07/01/2021 07/01/21 For Sale $799,000 +60.4% $404 / Sq Ft
05/29/2021 05/29/21 Pending -- -- --
05/20/2021 05/20/21 For Sale $498,000 +155.4% $116 / Sq Ft
04/19/2019 04/19/19 Sold $195,000 -- $98 / Sq Ft View Prior Sale
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 $6,563 $201,680 $29,240 $172,440
2023 $6,563 $201,680 $29,240 $172,440
2022 $6,563 $201,680 $29,240 $172,440
2021 $6,631 $201,680 $29,240 $172,440
2020 $6,705 $158,840 $15,000 $143,840
2019 $5,011 $158,840 $15,000 $143,840
2018 $5,011 $158,840 $15,000 $143,840
2017 $5,011 $158,840 $15,000 $143,840
2016 $3,524 $89,800 $8,000 $81,800
2015 $3,524 $89,800 $8,000 $81,800
2014 $3,524 $89,800 $8,000 $81,800
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    LINDA TOMLIN

    Crye-Leike

    (615) 491-4086

    1 in this area

    16 Total Sales

    LINDA TOMLIN
    Section Image
  • Therese Winnington

    Seller's Agent in 2021

    Therese Winnington

    T. Lewis Real Estate & Design, LLC

    (615) 545-8700

    13 in this area

    68 Total Sales

    Therese Winnington
    Section Image

  • D

    Buyer's Agent in 2021

    David Maybee

    eXp Realty

    (888) 519-5113

    1 in this area

    14 Total Sales

    David Maybee
    Section Image

  • P

    Buyer Co-Listing Agent in 2021

    Peter Winnington

    T. Lewis Real Estate & Design, LLC

    (615) 600-5181

    1 in this area

    3 Total Sales

    Peter Winnington
    Section Image
  • David Simpson

    Seller's Agent in 2019

    David Simpson

    D.M. Simpson Realtors & Auctioneers

    (931) 273-5253

    318 Total Sales

    David Simpson
    Section Image
  • Kathryn Bryant

    Buyer's Agent in 2019

    Kathryn Bryant

    Tree City Realty

    (931) 273-2441

    39 Total Sales

    Kathryn Bryant
    Section Image
See All Agents

Map

Source: Realtracs

MLS Number: 2281939

Realtracs

APN: 052-01-0-162

Tennessee Davidson County Madison 37115 Heron Walk

541 Neelys Bend Rd, Madison, TN

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