NOT LISTED FOR SALE

5855 Highway 161 Springfield, TN 37172

Springfield Area

Estimated Value: $288,000 - $382,396

3 Beds
2 Baths
2,347 Sq Ft
$148/Sq Ft Est. Value

Sale Details

Date Sold: March 15, 2018

Last sale price $147,000 $63 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $2,027 / mo

Highlights

  • 2.24 Acre Lot
  • Vinyl Flooring
  • Property has 1 Level
  • Central Heating and Cooling System

About This Home

As of March 2018

Great investment property just north of Springfield! 2 unit duplex on over 2 acres. Each unit has 1150 square foot and very large and spacious rooms.

Last Agent to Sell the Property

Lydia Beatty

SixOneFive Real Estate Advisors Brokerage Phone: 6155662230 License #291947 Listed on: 12/15/2017

Last Buyer's Agent

Sherrie Clark

Clark & Company Realty LLC License #314252

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,046

Year Built

  • Built in 2006

Lot Details

  • 2.24 Acre Lot

Home Design

  • Duplex

Interior Spaces

  • 2,347 Sq Ft Home
  • Property has 1 Level

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Schools

  • Jo Byrns High Elementary And Middle School
  • Jo Byrns High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Listing and Financial Details

  • Total Actual Rent $1,500
  • Assessor Parcel Number 031 04603 000

Community Details

Overview

  • 2 Units
  • Brian Gainous Lots Subdivision

Building Details

  • Operating Expense $2,400
  • Gross Income $18,000
  • Net Operating Income $15,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,046

Year Built

Built in 2006

Lot Details

2.24 Acres

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 2006
  • Inclusions: APPLN
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl
  • Total Bedrooms: 3
  • Above Grade Finished Sq Ft: 2347
  • Building Area Units: Square Feet
  • Living Area: 2347
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Other
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: Electric, Central Air
  • Cooling Y N: Yes
  • Heating: Electric, Central
  • Heating Yn: Yes
  • Laundry Features: Individual
  • Utilities: Electricity Available, Water Available

Lot Info

  • Zoning: Commercial
  • Lot Size Acres: 2.24
  • Lot Size: 2.24
  • Lot Size Units: Acres
  • Parcel #: 031 04603 000
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 18000
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 15600
  • Number Of Units Total: 2
  • Annual Operating Expense: 2400
  • Total Actual Rent: 1500

Tax Info

  • Tax Annual Amount: 2046

MLS Schools

  • Elementary School: Jo Byrns High School
  • High School: Jo Byrns High School
  • Middle Or Junior School: Jo Byrns High School

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2017
Closed on
Mar 15, 2018
Sold by
Bought by
Seller's Agent
Lydia Beatty
SixOneFive Real Estate Advisors
Buyer's Agent
Sherrie Clark
Clark & Company Realty LLC
List Price
$284,900
Sold Price
$147,000
Premium/Discount to List
-$137,900
-48.4%
Current Estimated Value
$347,465

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,465
Avg. Annual Appreciation
10.88%
Original Mortgage
$1,174,600
Interest Rate
0.0432%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 29, 2005
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$147,000 Bridgehouse Title
$14,600 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $300,000
Closed $1,174,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
06/08/2020 06/08/20 Pending -- -- --
06/04/2020 06/04/20 For Sale $284,900 +93.8% $121 / Sq Ft
03/15/2018 03/15/18 Sold $147,000 -- $63 / Sq Ft
Source: Realtracs

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,192 $121,800 $24,920 $96,880
2024 $2,192 $121,800 $24,920 $96,880
2023 $2,192 $121,800 $24,920 $96,880
2022 $1,905 $73,960 $11,280 $62,680
2021 $1,905 $73,960 $11,280 $62,680
2020 $1,905 $73,960 $11,280 $62,680
2019 $1,905 $73,960 $11,280 $62,680
2018 $1,905 $73,960 $11,280 $62,680
2017 $2,046 $66,320 $10,760 $55,560
2016 $2,046 $66,320 $10,760 $55,560
2015 $1,963 $66,320 $10,760 $55,560
2014 $1,963 $66,320 $10,760 $55,560
Source: Public Records

Agents Affiliated with this Home

  • Lydia Beatty

    Seller's Agent in 2018

    Lydia Beatty

    SixOneFive Real Estate Advisors

    (615) 622-5428

    12 Total Sales

    Lydia Beatty
    Section Image
  • Sherrie Clark

    Buyer's Agent in 2018

    Sherrie Clark

    Clark & Company Realty LLC

    (615) 598-7722

    13 Total Sales

    Sherrie Clark
    Section Image
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Map

Source: Realtracs

MLS Number: 1888244

Realtracs

APN: 031-046.03

Tennessee Robertson County Springfield 37172

5855 Highway 161, Springfield, TN

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realtracs All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of Realtracs as distributed by MLS GRID.
Based on information submitted to the MLS GRID

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