NOT LISTED FOR SALE

616 Glendale Place Tullahoma, TN 37388

Estimated Value: $198,000 - $234,000

-- Bed
2 Baths
1,641 Sq Ft
$134/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $230,000 $140 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $1,313/month

7 Days on Market

Highlights

  • Wood Flooring
  • Cooling Available
  • Property has 1 Level
  • No HOA
  • Central Heating

About This Home

As of June 2024

This Duplex would make a great addition to any portfolio. Each side has 2 bedrooms 1 bath, one side has hardwood flooring with vynil, the other side has laminate flooring with vinyl. Some of the windows have been replaced. One side is empty, other side has a tenant paying $725 a month with 10 months left on the lease. Landlord takes care of the grass

Last Agent to Sell the Property

Javier Reyes

Better Homes & Gardens Real Estate Heritage Group Brokerage Phone: 9316076450 License # 328147 Listed on: 05/17/2024

Better Homes & Gardens Real Estate Heritage Group

Last Buyer's Agent

Alejandro Villeda Perez

Coldwell Banker Southern Realty License #361597

Coldwell Banker Southern Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,331

Year Built

  • Built in 1955

Lot Details

  • 0.26

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • 1,641 Sq Ft Home
  • Property has 1 Level

Flooring

  • Wood
  • Laminate
  • Vinyl

Schools

  • Bel Aire Elementary School
  • West Middle School
  • Tullahoma High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $725
  • Assessor Parcel Number 124P J 02101 000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Bel Aire Subdivision

Building Details

  • Operating Expense $600
  • Gross Income $8,700
  • Net Operating Income $8,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,331

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1955
  • Inclusions: APPLN
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Attribution Contact: 9316076450
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Finished Wood, Laminate, Vinyl
  • Above Grade Finished Sq Ft: 1641
  • Building Area Units: Square Feet
  • Living Area: 1641
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Vinyl Siding
  • 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: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: Commercial
  • Lot Size: 79.31X141.99 IRR
  • Lot Size Units: Acres
  • Parcel #: 124P J 02101 000
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 8700
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 8100
  • Number Of Units Total: 2
  • Annual Operating Expense: 600
  • Total Actual Rent: 725

Tax Info

  • Tax Annual Amount: 1331

MLS Schools

  • Elementary School: Bel Aire Elementary
  • High School: Tullahoma High School
  • Middle Or Junior School: West Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
Jun 26, 2024
Sold by
Gunn Reyes and Gunn Amy
Bought by
Perez Alejandro Villeda
Seller's Agent
Javier Reyes
Better Homes & Gardens Real Estate Heritage Group
Buyer's Agent
Alejandro Villeda Perez
Coldwell Banker Southern Realty
List Price
$224,900
Sold Price
$230,000
Premium/Discount to List
$5,100
2.27%
Views
11
Current Estimated Value
$220,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,543
Avg. Annual Appreciation
-4.07%
Original Mortgage
$225,834
Outstanding Balance
$223,351
Interest Rate
7.02%
Mortgage Type
FHA
Estimated Equity
-$4,277

Purchase Details

Listed on
May 17, 2024
Closed on
May 24, 2024
Sold by
Gunn Chuck
Bought by
Reyes Javier and Gunn Reyes Amy
Seller's Agent
Javier Reyes
Better Homes & Gardens Real Estate Heritage Group
Buyer's Agent
Alejandro Villeda Perez
Coldwell Banker Southern Realty
List Price
$224,900
Sold Price
$230,000
Premium/Discount to List
$5,100
2.27%
Views
11

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,834
Outstanding Balance
$223,351
Interest Rate
7.02%
Mortgage Type
FHA
Estimated Equity
-$4,277

Purchase Details

Closed on
May 30, 2019
Sold by
Blake Jason
Bought by
Reyes Javier and Gunn Chuck

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,018
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
May 8, 2019
Sold by
Smith Larry Clay
Bought by
Blake Jason

Purchase Details

Listed on
Jun 2, 2014
Closed on
Nov 6, 2014
Sold by
Smith James M
Bought by
Smith Larry Clay
Seller's Agent
Jeanine Wheeler
Buyer's Agent
Jeanine Wheeler
List Price
$504,900
Sold Price
$75,000
Premium/Discount to List
-$429,900
-85.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.35%

Purchase Details

Listed on
Jun 2, 2014
Closed on
Oct 13, 2014
Sold by
Wheeler Samuel C
Bought by
Smith James M
Seller's Agent
Jeanine Wheeler
Buyer's Agent
Jeanine Wheeler
List Price
$504,900
Sold Price
$75,000
Premium/Discount to List
-$429,900
-85.15%

Purchase Details

Closed on
Oct 11, 2001
Sold by
Mullins Catherine
Bought by
Wheeler Samuel C and Wheeler Jeanine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
6.85%

Purchase Details

Closed on
Jun 3, 1988
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
Perez Alejandro Villeda $230,000 None Listed On Document
Reyes Javier -- None Listed On Document
Reyes Javier $75,000 None Available
Blake Jason $65,000 Absolute T&E Svcs Llc
Smith Larry Clay -- --
Smith Larry Clay -- --
Smith James M $75,000 --
Wheeler Samuel C $67,500 --
-- $37,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Alejandro Villeda $225,834
Previous Owner Reyes Javier $69,018
Previous Owner Wheeler Samuel C $52,800
Previous Owner -- $54,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Sold $230,000 +2.3% $140 / Sq Ft
05/24/2024 05/24/24 Pending -- -- --
05/17/2024 05/17/24 For Sale $224,900 -55.5% $137 / Sq Ft
01/14/2017 01/14/17 Pending -- -- --
10/10/2016 10/10/16 For Sale $504,900 +573.2% $314 / Sq Ft
10/13/2014 10/13/14 Sold $75,000 -- $47 / 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 $1,366 $33,200 $6,240 $26,960
2023 $1,297 $33,200 $0 $0
2022 $1,331 $33,200 $6,240 $26,960
2021 $1,404 $28,000 $4,800 $23,200
2020 $1,404 $28,000 $4,800 $23,200
2019 $1,404 $28,000 $4,800 $23,200
2018 $1,404 $28,000 $4,800 $23,200
2017 $1,476 $27,000 $4,800 $22,200
2016 $1,477 $27,000 $4,800 $22,200
2015 $1,477 $27,000 $4,800 $22,200
2014 $1,478 $27,019 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2656456

Realtracs

APN: 124P-J-021.01