NOT LISTED FOR SALE

615 5th Ave E Springfield, TN 37172

Estimated Value: $306,000 - $361,286

-- Bed
4 Baths
2,685 Sq Ft
$123/Sq Ft Est. Value

Last Sold April 11, 2022

Last sale price $285,000 $106 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $1,993/month

8 Days on Market

Highlights

  • 0.66 Acre Lot
  • No HOA
  • Central Heating
  • Wood Flooring
  • Cooling Available

About This Home

As of April 2022

Duplex available in Springfield - rare opportunity. Excellent investment property. Side A is 3 bedroom 1 bath plus office/bonus room. Side B is 3 bedroom 1 bath.

Last Agent to Sell the Property

Lori Weiss

RE/MAX Choice Properties License #333369 Listed on: 02/11/2022

Last Buyer's Agent

Hailee Jackson

Cottage Realty License # 351179

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,459

Year Built

  • Built in 1906

Lot Details

  • 0.66 Acre Lot

Home Design

  • Duplex
  • Brick Exterior Construction

Interior Spaces

  • 2,685 Sq Ft Home
  • Property has 1 Level

Flooring

  • Wood
  • Laminate

Schools

  • Krisle Elementary School
  • Springfield Middle School
  • Springfield High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $1,500
  • Assessor Parcel Number 080K B 00800 000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $18,000
  • Net Operating Income $18,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,459

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1906
  • Inclusions: OTHER
  • Unit Levels: One
  • Building Stories: 2
  • Structure Type: Duplex
  • Year Built Details: RENOV
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Finished Wood, Laminate
  • Above Grade Finished Sq Ft: 2685
  • Building Area Units: Square Feet
  • Living Area: 2685
  • Living Area Units: Square Feet

Exterior Features

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

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: RES
  • Lot Size Acres: 0.66
  • Lot Size: 100/100X250/25
  • Lot Size Units: Acres
  • Parcel #: 080K B 00800 000
  • Property Attached Yn: No

Multi Family

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

Tax Info

  • Tax Annual Amount: 2459

MLS Schools

  • Elementary School: Krisle Elementary
  • High School: Springfield High School
  • Middle Or Junior School: Springfield Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2016
Closed on
May 26, 2016
Sold by
Worsham John Derek
Bought by
Christopher Brown and Rodrigues Brown Suham
Seller's Agent
Jim Moore
G. S. Moore & Son
Buyer's Agent
Lori Weiss
RE/MAX Choice Properties
List Price
$14,500
Sold Price
$137,000
Premium/Discount to List
$122,500
844.83%
Current Estimated Value
$330,072

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,072
Avg. Annual Appreciation
9.80%

Purchase Details

Closed on
Sep 30, 2010
Bought by
Worsham John Derek

Purchase Details

Closed on
Oct 31, 2007
Sold by
Villines Robert
Bought by
Worsham John

Purchase Details

Closed on
Mar 5, 1990
Bought by
Villines Leonard Est

Purchase Details

Closed on
Jun 23, 1923
Bought by
Villines Leonard Est Villines Lovie Mrs
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
Christopher Brown $137,000 --
Worsham John Derek -- --
Worsham John Derek -- --
Worsham John $35,000 --
Villines Leonard Est $10,000 --
Villines Leonard Est Villines Lovie Mrs -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/11/2022 04/11/22 Sold $285,000 +2.2% $106 / Sq Ft
02/20/2022 02/20/22 Pending -- -- --
02/11/2022 02/11/22 For Sale $279,000 +1.5% $104 / Sq Ft
08/20/2021 08/20/21 Price Changed $274,900 -1.5% $86 / Sq Ft
07/06/2021 07/06/21 For Sale $279,000 0.0% $88 / Sq Ft
05/27/2021 05/27/21 Pending -- -- --
05/01/2021 05/01/21 For Sale $279,000 -12.8% $88 / Sq Ft
03/22/2019 03/22/19 Sold $320,000 +133.6% $101 / Sq Ft View Prior Sale
02/21/2019 02/21/19 Off Market $137,000 -- --
01/02/2019 01/02/19 For Sale $14,500 -89.4% $5 / Sq Ft
01/01/2019 01/01/19 Off Market $137,000 -- --
07/23/2018 07/23/18 For Sale $14,500 -89.4% $5 / Sq Ft
05/27/2016 05/27/16 Sold $137,000 -- $51 / 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 -- $118,800 $25,680 $93,120
2023 $2,976 $118,800 $25,680 $93,120
2022 $2,459 $67,400 $11,120 $56,280
2021 $2,459 $67,400 $11,120 $56,280
2020 $2,459 $67,400 $11,120 $56,280
2019 $74,036 $67,400 $11,120 $56,280
2018 $2,459 $67,400 $11,120 $56,280
2017 $2,593 $60,520 $10,000 $50,520
2016 $2,593 $60,520 $10,000 $50,520
2015 $2,518 $60,520 $10,000 $50,520
2014 $2,518 $60,520 $10,000 $50,520
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2355056

Realtracs

APN: 080K-B-008.00