NOT LISTED FOR SALE

702 N Academy St Unit 704 Murfreesboro, TN 37130

Estimated Value: $356,000 - $423,392

-- Bed
2 Baths
2,106 Sq Ft
$183/Sq Ft Est. Value

Last Sold August 31, 2022

Last sale price $352,000 $167 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,212/month

7 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Central Heating
  • Siegel Middle School Rated A-
  • Cooling Available
  • Wood Siding

About This Home

As of August 2022

Home to sell at public auction on Thursday, August 11th at 11am. Zoned Multi-family! 3 BR, 1 full bath, 2106 sq. ft. duplex zoned Residential Multi-Family 12 (RM-12) on a 11,333+/- sq. ft. surveyed lot in downtown Murfreesboro. Possibly enough area for 3 total units. Duplex is located near the downtown revitalization area. One side is currently rented for $725/mo. and the other side is vacant. Both sides need repairs, updates and refreshing.

Last Agent to Sell the Property

Vandy VanMeter

Parks Auction & Realty Brokerage Phone: 6155425165 License #306166 Listed on: 08/03/2022

Parks Auction & Realty

Co-Listed By

Keith Strain

Parks Auction & Realty Brokerage Phone: 6155425165 License # 260347

Parks Auction & Realty

Last Buyer's Agent

Keith Strain

Parks Auction & Realty Brokerage Phone: 6155425165 License # 260347

Parks Auction & Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,757

Year Built

  • Built in 1925

Lot Details

  • 0.27 Acre Lot

Home Design

  • Duplex
  • Wood Siding

Interior Spaces

  • 2,106 Sq Ft Home
  • Property has 1 Level
  • Wood Flooring

Schools

  • Mitchell-Neilson Elementary School
  • Siegel Middle School
  • Siegel High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Total Actual Rent $725
  • Assessor Parcel Number 091L B 01400 R0055677

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Tom Mcelroy Subdivision

Building Details

  • Gross Income $8,700
  • Net Operating Income $8,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,757

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1925
  • Inclusions: NOFUR
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Duplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: 6155425165
  • Special Features: Auction
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Finished Wood
  • Above Grade Finished Sq Ft: 2106
  • Building Area Units: Square Feet
  • Living Area: 2106
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Wood 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: RM-12
  • Lot Size Acres: 0.27
  • Lot Size: 70 X 150.35 IRR
  • Lot Size Units: Acres
  • Parcel #: 091L B 01400 R0055677
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

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

Tax Info

  • Tax Annual Amount: 1757

MLS Schools

  • Elementary School: Mitchell-Neilson Elementary
  • High School: Siegel High School
  • Middle Or Junior School: Siegel Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2022
Closed on
Aug 31, 2022
Sold by
Stroop Robert T
Bought by
Alviri Hamid Mehryar
Seller's Agent
Vandy VanMeter
Parks Auction & Realty
Buyer's Agent
Keith Strain
Parks Auction & Realty
Sold Price
$352,000
Views
3
Current Estimated Value
$386,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,348
Avg. Annual Appreciation
3.07%
Original Mortgage
$260,000
Outstanding Balance
$219,660
Interest Rate
4%
Mortgage Type
Seller Take Back
Estimated Equity
$166,688

Purchase Details

Closed on
Dec 1, 2000
Sold by
Johnathan Investments Llc
Bought by
Stroop Robert T and Stroop Pauline

Purchase Details

Closed on
Jan 4, 1995
Sold by
Netherland Edward H
Bought by
Netherland Edward H Irv Tr

Purchase Details

Closed on
Dec 9, 1994
Sold by
Highers James C
Bought by
Hunter John R

Purchase Details

Closed on
Nov 18, 1994
Sold by
Waters Glenis A
Bought by
Netherland Edward H

Purchase Details

Closed on
Sep 19, 1994
Sold by
Waters Glenis A
Bought by
Hunter John R
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Alviri Hamid Mehryar $352,000 Tri Star Title
Stroop Robert T $150,000 --
Netherland Edward H Irv Tr -- --
Hunter John R -- --
Netherland Edward H $60,000 --
Hunter John R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alviri Hamid Mehryar $260,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2022 08/31/22 Sold $352,000 -- $167 / Sq Ft
08/11/2022 08/11/22 Pending -- -- --
08/03/2022 08/03/22 For 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
2025 -- $100,040 $20,000 $80,040
2024 $1,877 $100,040 $20,000 $80,040
2023 $1,877 $100,040 $20,000 $80,040
2022 $1,088 $67,320 $20,000 $47,320
2021 $1,111 $50,080 $14,000 $36,080
2020 $1,111 $50,080 $14,000 $36,080
2019 $1,111 $50,080 $14,000 $36,080
2018 $1,526 $50,080 $0 $0
2017 $1,480 $38,080 $0 $0
2016 $1,480 $38,080 $0 $0
2015 $1,480 $38,080 $0 $0
2014 $947 $38,080 $0 $0
2013 -- $38,160 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Realtracs

MLS Number: 2414541

Realtracs

APN: 091L-B-014.00-000