NOT LISTED FOR SALE

722 Heritage Square Dr Madison, TN 37115

Madison Neighborhood

Estimated Value: $296,000 - $312,000

3 Beds
1.5 Baths
1,134 Sq Ft
$265/Sq Ft Est. Value

Last Sold February 01, 2024

Last sale price $296,500 $261 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $1,729/month

100 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Outdoor Storage
  • Traditional Architecture
  • No HOA
  • Central Heating and Cooling System

About This Home

As of February 2024

SHOULD NOT BE USED AS A COMP! Buyer paid all costs, including transfer tax and commissions. Effective sales price was $325,000. Tenants in place at $1950/month! Perfect for a rental investor looking to own in a growth area. If someone wants to do owner occupied there is a ASSUMABLE MORTGAGE at 3%! This home is move in ready single level home on a quiet street in Madison in a great location only 10 minutes from downtown! Great sized bedrooms with a private updated half bath ensuite in the primary bedroom! The backyard is fully fenced with a shaded deck, & a storage shed! Laundry room with built-in cabinets and shelves, plus floored storage in the attic. Tenants are in place until 5/31/24 at $1950 a month, so this makes great sense as an investment property or something to move into once the tenants move out!

Last Agent to Sell the Property

Ethan Lanagan

Compass RE Brokerage Phone: 6157070321 License # 351977 Listed on: 09/30/2023

Compass RE

Last Buyer's Agent

Ethan Lanagan

Compass RE Brokerage Phone: 6157070321 License # 351977 Listed on: 09/30/2023

Compass RE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,967

Year Built

  • Built in 1980

Lot Details

  • 5,663 Sq Ft Lot
  • Lot Dimensions are 55 x 95
  • Back Yard Fenced
  • Level Lot

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,134 Sq Ft Home
  • Property has 1 Level
  • Ceiling Fan
  • Wood Burning Fireplace
  • Crawl Space
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms

Parking

  • 2 Open Parking Spaces
  • 2 Parking Spaces
  • Driveway

Outdoor Features

  • Deck
  • Outdoor Storage

Schools

  • Stratton Elementary School
  • Madison Middle School
  • Hunters Lane Comp High School

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Heritage Square Subdivision

Listing and Financial Details

  • Assessor Parcel Number 042070A01700CO

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,967

Year Built

Built in 1980

Lot Details

5,663 Sq Ft Lot

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Year Built: 1980
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 1

Interior Features

  • Interior Amenities: Ceiling Fan(s), Primary Bedroom Main Floor
  • Appliances: Dishwasher
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Carpet, Finished Wood, Tile
  • Total Bedrooms: 3
  • Main Level Bedrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Has Basement: Crawl Space
  • Above Grade Finished Sq Ft: 1134
  • Building Area Units: Square Feet
  • Living Area: 1134
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Exterior Features: Storage
  • Construction Type: Vinyl Siding
  • Fencing: Back Yard
  • Patio And Porch Features: Deck
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking Spaces: 2
  • Parking Features: Driveway
  • Total Parking Spaces: 2

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
  • Senior Community: No

Lot Info

  • Lot Features: Level
  • Lot Size Acres: 0.13
  • Lot Size: 55 X 95
  • Lot Size Units: Acres
  • Parcel #: 042070A01700CO
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1967

MLS Schools

  • Elementary School: Stratton Elementary
  • High School: Hunters Lane Comp High School
  • Middle Or Junior School: Madison Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2023
Closed on
Jan 31, 2024
Sold by
Mathews Kayla M
Bought by
722 Heritage Square Drive Title Holding Trust
Seller's Agent
Ethan Lanagan
Compass RE
Buyer's Agent
Ethan Lanagan
Compass RE
List Price
$325,000
Sold Price
$296,500
Premium/Discount to List
-$28,500
-8.77%
Views
153
Current Estimated Value
$298,742

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,242
Avg. Annual Appreciation
0.70%

Purchase Details

Listed on
May 22, 2020
Closed on
Aug 13, 2020
Sold by
Parrish Jeremy Lee
Bought by
Mathews Kayla M
Seller's Agent
Rebekah Sampson
Compass Tennessee, LLC
Buyer's Agent
Ethan Lanagan
Compass RE
List Price
$225,000
Sold Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.28%
Original Mortgage
$217,490
Interest Rate
3%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 19, 2018
Closed on
May 15, 2018
Sold by
Stafford Virginia K
Bought by
Parrish Jeremy Lee
Seller's Agent
Ashley Chastain
Compass RE
Buyer's Agent
Emily Hooper
Regal Realty Group
List Price
$900
Sold Price
$190,000
Premium/Discount to List
$189,100
21011.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.80%
Original Mortgage
$184,300
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 7, 2010
Sold by
Deutsche Bank National Trust Company
Bought by
Stafford Ernest E and Stafford Virginia K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,500
Interest Rate
4.25%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 2009
Sold by
Polk Sheila Buchanan
Bought by
Deutsche Bank National Trust Company
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
722 Heritage Square Drive Title Holding Trust $296,500 Phoenix Title
Mathews Kayla M $225,000 Wagon Wheel Title
Parrish Jeremy Lee $190,000 None Available
Stafford Ernest E $65,000 Landcastle Title Llc
Deutsche Bank National Trust Company $73,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mathews Kayla M $217,490
Previous Owner Parrish Jeremy Lee $184,300
Previous Owner Stafford Ernest E $50,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/01/2024 02/01/24 Sold $296,500 -8.8% $261 / Sq Ft
01/09/2024 01/09/24 Pending -- -- --
09/30/2023 09/30/23 For Sale $325,000 +36011.1% $287 / Sq Ft
11/17/2020 11/17/20 Pending -- -- --
10/27/2020 10/27/20 For Sale $900 -99.6% $1 / Sq Ft
08/13/2020 08/13/20 Sold $225,000 0.0% $198 / Sq Ft View Prior Sale
06/07/2020 06/07/20 Pending -- -- --
05/22/2020 05/22/20 For Sale $225,000 +18.4% $198 / Sq Ft
05/15/2018 05/15/18 Sold $190,000 -- $168 / Sq Ft View Prior Sale
Source: Realtracs

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 $2,286 $81,225 $15,250 $65,975
2024 $1,967 $60,450 $12,500 $47,950
2023 $1,967 $60,450 $12,500 $47,950
2022 $2,290 $60,450 $12,500 $47,950
2021 $1,988 $60,450 $12,500 $47,950
2020 $1,392 $32,975 $6,250 $26,725
2019 $1,040 $32,975 $6,250 $26,725
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2576152

Realtracs

APN: 042-07-0A-017-00

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