NOT LISTED FOR SALE

656 Mercer Dr Hermitage, TN 37076

Estimated Value: $391,000 - $423,000

4 Beds
4 Baths
1,980 Sq Ft
$203/Sq Ft Est. Value

Last Sold April 27, 2021

Last sale price $253,550 $128 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $2,391/month

21 Days on Market

Highlights

  • 0.48 Acre Lot
  • Cooling Available
  • Carpet
  • No HOA
  • Central Heating

About This Home

As of April 2021

***AUCTION PROPERTY to be sold on March 25th, 4PM Live & Online. Duplicate property at 612 Belgium selling same day and time. 612 Belgium will be the live auction location at 4pm for both properties. Selling high bidders choice. Buy 1 or both. 10% Buyer's Premium added. Other terms apply. All units are currently rented. Possession/occupancy subject to the existing lease terms.

Last Agent to Sell the Property

Darrell Huffman

Keller Williams Realty - Murfreesboro License #254009 Listed on: 03/05/2021

Keller Williams Realty - Murfreesboro

Co-Listed By

Duwayne Matz

Compass Tennessee, LLC License # 344613

Last Buyer's Agent

Darrell Huffman

Keller Williams Realty - Murfreesboro License #254009 Listed on: 03/05/2021

Keller Williams Realty - Murfreesboro

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,917

Year Built

  • Built in 1983

Lot Details

  • 0.48 Acre Lot
  • Lot Dimensions are 77 x 243

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1,980 Sq Ft Home
  • Property has 2 Levels

Flooring

  • Carpet
  • Vinyl

Parking

  • 4 Open Parking Spaces
  • 4 Parking Spaces
  • Driveway

Schools

  • Tulip Grove Elementary School
  • Dupont Tyler Middle School
  • Mcgavock Comp High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $1,840
  • Assessor Parcel Number 07511005700

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Highlands Of Tulip Grove Subdivision

Building Details

  • Operating Expense $500
  • Gross Income $22,980
  • Net Operating Income $22,480

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,917

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1983
  • Inclusions: OTHER
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Special Features: Auction
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Above Grade Finished Sq Ft: 1980
  • Building Area Units: Square Feet
  • Living Area: 1980
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

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

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 4
  • Parking Features: Driveway
  • Total Parking Spaces: 4

Utilities

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

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: Duplex
  • Lot Size Acres: 0.48
  • Lot Size: 77 X 243
  • Lot Size Units: Acres
  • Parcel #: 07511005700
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Gross Income: 22980
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 22480
  • Number Of Units Total: 2
  • Annual Operating Expense: 500
  • Total Actual Rent: 1840

Tax Info

  • Tax Annual Amount: 1917

MLS Schools

  • Elementary School: Tulip Grove Elementary
  • High School: McGavock Comp High School
  • Middle Or Junior School: Dupont Tyler Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2021
Closed on
Apr 27, 2021
Sold by
Stafford Phillip Don and Stafford Diane
Bought by
Yousef Mina and Yousef Mary N
Seller's Agent
Darrell Huffman
Keller Williams Realty - Murfreesboro
Buyer's Agent
Darrell Huffman
Keller Williams Realty - Murfreesboro
List Price
$253,550
Sold Price
$253,550
Current Estimated Value
$401,661

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,111
Avg. Annual Appreciation
11.13%
Original Mortgage
$190,162
Outstanding Balance
$172,435
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$229,226

Purchase Details

Listed on
Feb 3, 2015
Closed on
Mar 6, 2015
Sold by
Grizzard J Kent and Grizzard Dianne
Bought by
Stafford Phillip D and Stafford Diane
Seller's Agent
Kent Grizzard
Grizzard Realty & Consult.Inc.
Buyer's Agent
Marty Holder
List Price
$1,450
Sold Price
$95,000
Premium/Discount to List
$93,550
6451.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.34%
Original Mortgage
$71,250
Interest Rate
3.74%
Mortgage Type
New Conventional
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
Yousef Mina $253,550 Red Door Title Services Llc
Stafford Phillip D $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yousef Mina $190,162
Previous Owner Phillip D $103,600
Previous Owner Stafford Phillip D $71,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/27/2021 04/27/21 Sold $253,550 0.0% $128 / Sq Ft
03/26/2021 03/26/21 Pending -- -- --
03/05/2021 03/05/21 For Sale $253,550 +18681.5% $128 / Sq Ft
07/12/2017 07/12/17 Price Changed $1,350 -6.9% $1 / Sq Ft
06/22/2017 06/22/17 For Sale $1,450 -98.5% $1 / Sq Ft
03/09/2015 03/09/15 Sold $95,000 -- $49 / 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 $2,626 $89,880 $24,800 $65,080
2023 $2,626 $89,880 $24,800 $65,080
2022 $2,626 $89,880 $24,800 $65,080
2021 $2,654 $89,880 $24,800 $65,080
2020 $1,929 $50,920 $15,200 $35,720
2019 $1,403 $50,920 $15,200 $35,720
2018 $1,403 $50,920 $15,200 $35,720
2017 $1,403 $50,920 $15,200 $35,720
2016 $1,846 $47,040 $10,800 $36,240
2015 $1,846 $47,040 $10,800 $36,240
2014 $1,846 $47,040 $10,800 $36,240
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2233341

Realtracs

APN: 075-11-0-057