NOT LISTED FOR SALE

702 Richard St Springfield, TN 37172

Estimated Value: $192,000 - $246,000

-- Bed
2 Baths
1,277 Sq Ft
$171/Sq Ft Est. Value

Last Sold August 10, 2021

Last sale price $165,000 $129 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,270/month

7 Days on Market

Highlights

  • Wood Flooring
  • Central Heating and Cooling System
  • Property has 1 Level
  • No HOA
  • 2 Car Garage

About This Home

As of August 2021

Recently appraised at $210,000 this investment property has 2 units with 2 bedrooms and 1 bath w/laundry on each side. Each side has central HVAC and it’s own utility meters. There is a full unfinished basement and an old detached garage. One side is currently rented, tenant is month to month. PLEASE DO NOT DISTURB TENANT. Garage and parking area are accessed by city owned lane. It is not a shared driveway.

Last Agent to Sell the Property

Renee Harrington

Aspire Realty LLC License #289422 Listed on: 07/18/2021

Last Buyer's Agent

Eric Alvarez

RE/MAX Choice Properties License # 348178

RE/MAX Choice Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,001

Year Built

  • Built in 1947

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 50x147

Parking

  • 2 Car Garage
  • Gravel Driveway

Home Design

  • Asphalt Roof
  • Stucco

Interior Spaces

  • 1,277 Sq Ft Home
  • Property has 1 Level

Flooring

  • Wood
  • Carpet
  • Laminate

Schools

  • Westside Elementary School
  • Springfield Middle School
  • Springfield High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $550
  • Assessor Parcel Number 080J E 00400 000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Operating Expense $1,000
  • Gross Income $6,600
  • Net Operating Income $5,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,001

Year Built

Built in 1947

Lot Details

0

Parking

2

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1947
  • Inclusions: APPLN
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Appraiser
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Fireplace: No
  • Flooring: Carpet, Finished Wood, Laminate
  • Above Grade Finished Sq Ft: 1277
  • Building Area Units: Square Feet
  • Living Area: 1277
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Construction Type: Stucco
  • Pool Private: No
  • Roof: Asphalt
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Open Parking Spaces: 2
  • Parking Features: Attached/Detached, Gravel
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Individual

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning: Commercial
  • Lot Size Acres: 0.17
  • Lot Size: 50X147
  • Lot Size Units: Acres
  • Parcel #: 080J E 00400 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Gross Income: 6600
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 5600
  • Number Of Units Total: 2
  • Annual Operating Expense: 1000
  • Total Actual Rent: 550

Tax Info

  • Tax Annual Amount: 1001

MLS Schools

  • Elementary School: Westside 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
Jul 18, 2021
Closed on
Aug 10, 2021
Sold by
Ransdell Lauren Burton and Henry Burton Zachary
Bought by
Riw Mcgavock Llc
Seller's Agent
Renee Harrington
Aspire Realty LLC
Buyer's Agent
Eric Alvarez
RE/MAX Choice Properties
List Price
$160,000
Sold Price
$165,000
Premium/Discount to List
$5,000
3.12%
Current Estimated Value
$218,769

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,769
Avg. Annual Appreciation
6.91%

Purchase Details

Closed on
Oct 30, 2002
Sold by
Worsham Jerry L and Worsham Pam S
Bought by
Burton Linda L and Burton Robert L

Purchase Details

Closed on
Oct 4, 2002
Sold by
Goostree Nadine P
Bought by
Worsham Jerry L

Purchase Details

Closed on
May 27, 1947
Bought by
Perry Chalres L and Perry Annie T
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
Riw Mcgavock Llc $165,000 Warranty Title Llc
Burton Linda L $42,500 --
Worsham Jerry L $30,000 --
Perry Chalres L -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2021 08/10/21 Sold $165,000 +3.1% $129 / Sq Ft
07/25/2021 07/25/21 Pending -- -- --
07/18/2021 07/18/21 For Sale $160,000 -- $125 / 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 -- $59,600 $15,840 $43,760
2023 $1,493 $59,600 $15,840 $43,760
2022 $1,001 $27,440 $5,560 $21,880
2021 $1,001 $27,440 $5,560 $21,880
2020 $1,001 $27,440 $5,560 $21,880
2019 $30,107 $27,440 $5,560 $21,880
2018 $1,001 $27,440 $5,560 $21,880
2017 $1,089 $25,400 $5,000 $20,400
2016 $1,089 $25,400 $5,000 $20,400
2015 $1,057 $25,400 $5,000 $20,400
2014 $1,070 $25,720 $5,000 $20,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2268925

Realtracs

APN: 080J-E-004.00