NOT LISTED FOR SALE

720 Crestland Ave Unit 720 Murfreesboro, TN 37130

Estimated Value: $362,011 - $502,000

7 Beds
4 Baths
2,713 Sq Ft
$161/Sq Ft Est. Value

Last Sold April 22, 2016

Last sale price $224,900 $83 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $2,654/month

Highlights

  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Wall Furnace
  • Discovery School Rated A-

About This Home

As of April 2016

Great investment property very close to MTSU-Projected revenue is $2475 per month-Three units that need some TLC to be good rent producer-spend a little on these units and they can produce$29k per year-Live in part of the home and be rent free-won't last!

Last Agent to Sell the Property

Bob Gurley

Synergy Realty Network, LLC Brokerage Phone: 6153975666 License # 261100 Listed on: 03/24/2016

Synergy Realty Network, LLC

Last Buyer's Agent

Larry Sims

Sims Commercial Realtors & Auctioneers License # 22572

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,471

Year Built

  • Built in 1958

Lot Details

  • Lot Dimensions are 75 x 199

Home Design

  • Property Attached
  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,713 Sq Ft Home
  • Property has 2 Levels

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Bathrooms

Parking

  • 1 Parking Space
  • 1 Carport Space

Schools

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

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $2,475
  • Assessor Parcel Number 090I E 03500 R0053038

Community Details

Overview

  • 3 Units
  • Harrison And Black Rev Subdivision

Building Details

  • Operating Expense $3,500
  • Gross Income $29,000
  • Net Operating Income $25,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,471

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1958
  • Inclusions: APPLN
  • Unit Levels: Two
  • Structure Type: Triplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: Other
  • Attribution Contact: 6153975666
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Fireplace: No
  • Flooring: Wood, Laminate, Tile
  • Total Bedrooms: 7
  • Above Grade Finished Sq Ft: 2713
  • Building Area Units: Square Feet
  • Living Area: 2713
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Other

Exterior Features

  • Construction Type: Frame, Vinyl Siding
  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 1
  • Carport Y N: Yes
  • Covered Parking Spaces: 1
  • Garage Yn: No
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Electric, Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric, Wall Furnace
  • Heating Yn: Yes
  • Laundry Features: Share, Utility Connection
  • Utilities: Electricity Available, Water Available, Sewer Available

Lot Info

  • Zoning: residentia
  • Lot Size: 75 X 199
  • Lot Size Units: Acres
  • Parcel #: 090I E 03500 R0053038
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 29000
  • Above Grade Finished Area Units: Square Feet
  • Property Net Operating Income: 25500
  • Number Of Units Total: 3
  • Annual Operating Expense: 3500
  • Total Actual Rent: 2475

Tax Info

  • Tax Annual Amount: 1471

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2016
Closed on
Apr 21, 2016
Sold by
Hanna David
Bought by
Throneberry Thomas R Beth E
Seller's Agent
Bob Gurley
Synergy Realty Network, LLC
Buyer's Agent
Larry Sims
Sims Commercial Realtors & Auctioneers
List Price
$275,000
Sold Price
$224,900
Premium/Discount to List
-$50,100
-18.22%
Current Estimated Value
$438,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,103
Avg. Annual Appreciation
7.32%
Original Mortgage
$160,000
Outstanding Balance
$127,235
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$310,768

Purchase Details

Closed on
Oct 24, 2009
Sold by
Harrison David
Bought by
Hanna David

Purchase Details

Closed on
Sep 7, 2007
Sold by
Tenpenny William O
Bought by
Harrison and Judith

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,200
Interest Rate
6.55%

Purchase Details

Closed on
Apr 7, 2000
Sold by
Benton Hestand
Bought by
Tenpenny William O and Tenpenny Loral

Purchase Details

Closed on
Sep 29, 1999
Sold by
Brandon Larry D
Bought by
Benton Hestand

Purchase Details

Closed on
Jul 29, 1999
Sold by
Mills Irma F
Bought by
Brandon Larry D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
7.7%

Purchase Details

Closed on
Jul 15, 1999
Sold by
Mills Irma F
Bought by
Mills Irma F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,000
Interest Rate
7.7%
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
Throneberry Thomas R Beth E $224,900 --
Hanna David $164,000 --
Harrison $193,900 --
Tenpenny William O $102,555 --
Benton Hestand $61,000 --
Brandon Larry D $20,000 --
Mills Irma F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Throneberry Thomas R Beth E $160,000
Previous Owner Mills Irma F $155,200
Previous Owner Mills Irma F $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/21/2018 09/21/18 Off Market $224,900 -- --
08/13/2018 08/13/18 For Sale $275,000 +22.3% $101 / Sq Ft
04/22/2016 04/22/16 Sold $224,900 -- $83 / 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
2025 $3,881 $137,200 $20,000 $117,200
2024 $3,881 $137,200 $20,000 $117,200
2023 $2,574 $137,200 $20,000 $117,200
2022 $1,386 $85,750 $12,500 $73,250
2021 $1,292 $58,200 $9,250 $48,950
2020 $1,292 $58,200 $9,250 $48,950
2019 $1,193 $53,738 $9,250 $44,488
2018 $1,638 $53,738 $0 $0
2017 $1,548 $39,825 $0 $0
2016 $1,548 $39,825 $0 $0
2015 $1,548 $39,825 $0 $0
2014 $990 $39,825 $0 $0
2013 -- $32,475 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 1715020

Realtracs

APN: 090I-E-035.00-000