NOT LISTED FOR SALE

611 Madison St Manchester, TN 37355

Estimated Value: $142,000 - $1,548,881

4 Beds
2 Baths
1,836 Sq Ft
$351/Sq Ft Est. Value

Last Sold December 07, 2017

Last sale price $72,000 $39 Per Sq Ft

Est. 796% increase in value since last sale

Current estimated payment $3,513/month

Highlights

  • Wood Flooring
  • Central Heating
  • Property has 1 Level
  • Cooling Available

About This Home

As of December 2017

Great investment opportunity, duplex conveniently located, 2 bedroom 1 bath on each side, central heat and air in both units, back yards fence on both sides and split

Last Agent to Sell the Property

Steve Jernigan

Steve Jernigan Realty License #286763 Listed on: 03/14/2017

Last Buyer's Agent

Hunter Briley

Regal Realty Group License # 334274

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,112

Year Built

  • Built in 1950

Lot Details

  • 10,019 Sq Ft Lot

Home Design

  • Brick Exterior Construction
  • Aluminum Roof

Interior Spaces

  • 1,836 Sq Ft Home
  • Property has 1 Level

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Parking Lot

Schools

  • Manchester City Schools Elem. Elementary School
  • Westwood Jr High Middle School
  • Coffee Co Central High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $825
  • Assessor Parcel Number 016076I F 00300 00001076I

Community Details

Overview

  • 2 Units

Building Details

  • Operating Expense $1
  • Gross Income $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,112

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1950
  • Inclusions: NOFUR
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Finished Wood, Other, Vinyl
  • Above Grade Finished Sq Ft: 1836
  • Building Area Units: Square Feet
  • Living Area: 1836
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 1
  • Parking Features: Parking Lot
  • Total Parking Spaces: 1

Utilities

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

Condo/Co-op/Association

  • Association #2 Fee Frequency: One Time

Lot Info

  • Zoning: Multi
  • Lot Size Acres: 0.23
  • Lot Size: 90X123 IRR
  • Lot Size Units: Acres
  • Parcel #: 016076I F 00300 00001076I
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Gross Income: 1
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 2
  • Annual Operating Expense: 1
  • Total Actual Rent: 825

Tax Info

  • Tax Annual Amount: 1112

MLS Schools

  • Elementary School: Manchester City Schools Elem.
  • High School: Coffee Co Central High School
  • Middle Or Junior School: Westwood Jr High School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2017
Closed on
Dec 7, 2017
Sold by
Alexander Seth
Bought by
Patel Drupal N
Seller's Agent
Steve Jernigan
Steve Jernigan Realty
Buyer's Agent
Hunter Briley
Regal Realty Group
List Price
$349,900
Sold Price
$72,000
Premium/Discount to List
-$277,900
-79.42%
Current Estimated Value
$645,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$573,294
Avg. Annual Appreciation
31.72%

Purchase Details

Closed on
Aug 7, 2009
Sold by
Newton Glenn W
Bought by
Alexander Seth

Purchase Details

Closed on
Jan 4, 2005
Sold by
Floyd Lee
Bought by
Newton Glenn W

Purchase Details

Closed on
Feb 4, 2000
Sold by
Rickman John
Bought by
Floyd Lee Deborah

Purchase Details

Closed on
Nov 17, 1997
Sold by
Jsernigan Nancy and Jsernigan Jimmy A
Bought by
Rickman John and Rickman Barbara

Purchase Details

Closed on
Jul 8, 1997
Sold by
Jernigan Adella Crocker
Bought by
Jsernigan Nancy and Jsernigan Jimmy A

Purchase Details

Closed on
Sep 13, 1995
Bought by
Chambers Roger and Riddle Veta
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Patel Drupal N $720,000 None Available
Alexander Seth $50,000 --
Newton Glenn W $53,300 --
Floyd Lee Deborah $55,000 --
Rickman John $37,500 --
Jsernigan Nancy $58,000 --
Chambers Roger $40,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/09/2019 12/09/19 Off Market $72,000 -- --
12/04/2019 12/04/19 For Sale $349,900 0.0% $191 / Sq Ft
10/27/2019 10/27/19 Pending -- -- --
09/25/2019 09/25/19 Price Changed $349,900 -5.4% $191 / Sq Ft
09/20/2019 09/20/19 Price Changed $369,900 -1.4% $201 / Sq Ft
08/09/2019 08/09/19 For Sale $375,000 +420.8% $204 / Sq Ft
12/07/2017 12/07/17 Sold $72,000 -- $39 / 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 $1,340 $31,800 $5,800 $26,000
2023 $1,340 $31,800 $0 $0
2022 $1,154 $31,800 $5,800 $26,000
2021 $1,095 $23,920 $3,200 $20,720
2020 $1,095 $23,920 $3,200 $20,720
2019 $1,095 $23,920 $3,200 $20,720
2018 $1,095 $23,920 $3,200 $20,720
2017 $1,112 $21,200 $3,200 $18,000
2016 $1,112 $21,200 $3,200 $18,000
2015 $1,112 $21,200 $3,200 $18,000
2014 -- $21,196 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 1809168

Realtracs

APN: 076I-F-003.00